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MIDDLESEX HOSPITAL

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Public IRS 990 nonprofit record

MIDDLESEX HOSPITAL

EIN 06-0646718 · Health Care (E220)

What they do

A NON-PROFIT, ACUTE CARE, COMMUNITY HOSPITAL IN MIDDLETOWN, CT. (SEE SCHEDULE O)MIDDLESEX HOSPITAL is COMMITTED to PROVIDING HIGH QUALITY INPATIENT and OUTPATIENT HEALTHCARE SERVICES. THE HOSPITAL RECOGNIZES COMMUNITY TRANSPARENCY and INTEGRITY AS FUNDAMENTAL RESPONSIBILITIES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $89.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

81.89%of revenue went to mission work89.5% of expenses · Program services
0.18%of revenue went to fundraising0.2% of expenses
$87.75spent for every $100 of revenueRevenue covered expenses this year.
9.42%of revenue went to management and office costs10.3% of expenses
$1.33in assets for every $1 spent this yearSome assets cannot be spent right away.
0.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,792,786 for VINCENT CAPECE JR (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$539,655,486
Mission workProgram services$441,919,29181.89% of revenue89.5% of expenses
ManagementOffice and general costs$50,823,2009.42% of revenue10.3% of expenses
FundraisingAsking for donations$995,3570.18% of revenue0.2% of expenses
Revenue left after expensesReported annual surplus$45,917,6388.51% of revenueShown in gray on the chart
Total expenses$493,737,84891.49% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 89.5% mission · 10.3% management · 0.2% fundraisingTotal expenses: 91.49% of revenue
2022Expense mix: 89.1% mission · 10.7% management · 0.2% fundraisingTotal expenses: 94.75% of revenue
2021Expense mix: 88.9% mission · 10.9% management · 0.2% fundraisingTotal expenses: 94.08% of revenue
2020Expense mix: 88.8% mission · 10.9% management · 0.3% fundraisingTotal expenses: 94.49% of revenue
2019Expense mix: 88.9% mission · 10.8% management · 0.3% fundraisingTotal expenses: 94.25% of revenue
2018Expense mix: 89.1% mission · 10.6% management · 0.2% fundraisingTotal expenses: 90.57% of revenue
2017Expense mix: 88.7% mission · 11.1% management · 0.2% fundraisingTotal expenses: 89.36% of revenue
2016Expense mix: 89.5% mission · 10.3% management · 0.3% fundraisingTotal expenses: 90.24% of revenue

Money in and money out

Revenue$562,648,390
Expenses$493,737,848
Annual surplus $68,910,542 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$441,919,291 · 89.5% of expenses
Management and office costs$50,823,200 · 10.3% of expenses
Fundraising$995,357 · 0.2% of expenses
See all reported dollar amounts
Revenue$562,648,390
Expenses$493,737,848
Assets$657,423,312
Income$593,865,199
Contributions$4,909,299
Mission work (program services)$441,919,291
Fundraising$995,357
Grants given$914,130
Average grant$18,283
Management and general$50,823,200
Executive compensation (total)$6,212,770
Stocks and bonds$232,608,662
Accounting fees$202,930
Investing fees$219,493
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
VINCENT CAPECE JRPRESIDENT/CEO · 40 hrs/week $1,792,786Base $1,465,474 · Other $327,312
SUSAN MARTINVP FINANCE/TREASURER · 40 hrs/week $764,918Base $696,091 · Other $68,827
DAVID COSENTINOVP QUALITY & PATIENT SAFETY · 40 hrs/week $679,507Base $571,059 · Other $108,448
EVAN JACKSONVP & CIO · 40 hrs/week $629,812Base $529,738 · Other $100,074
DAVID GIUFFRIDAVP FACILITIES AND SUPPORT SVCS · 40 hrs/week $568,000Base $516,951 · Other $51,049
THEODORE HARTENSTEINMED DIRECTOR, UTILIZATION · 40 hrs/week $563,138Base $506,696 · Other $56,442
JONATHAN BANKOFFCHAIRMAN EMERGENCY MEDICINE · 40 hrs/week $558,288Base $501,396 · Other $56,892
RICARDO PEREZPULMONOLOGIST · 40 hrs/week $554,499Base $504,207 · Other $50,292
LAURA MARTINO LEFT 122022FORMER KEY EMPLOYEE · 40 hrs/week $521,978Base $370,265 · Other $151,713
JUSTIN GORALNIKPULMONOLOGIST · 40 hrs/week $505,284Base $470,423 · Other $34,861
JEFFREY SHELTONCHAIRMAN DEPT PSYCH · 40 hrs/week $501,209Base $457,001 · Other $44,208
DONNA STRONESKIVP HUMAN RESOURCES · 40 hrs/week $485,568Base $421,429 · Other $64,139

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

VINCENT CAPECE JRPRESIDENT/CEO

SUSAN MARTINVP FINANCE/TREASURER

DAVID COSENTINOVP QUALITY & PATIENT SAFETY

EVAN JACKSONVP & CIO

DAVID GIUFFRIDAVP FACILITIES AND SUPPORT SVCS

THEODORE HARTENSTEINMED DIRECTOR, UTILIZATION

JONATHAN BANKOFFCHAIRMAN EMERGENCY MEDICINE

RICARDO PEREZPULMONOLOGIST

LAURA MARTINO LEFT 122022FORMER KEY EMPLOYEE

JUSTIN GORALNIKPULMONOLOGIST

JEFFREY SHELTONCHAIRMAN DEPT PSYCH

DONNA STRONESKIVP HUMAN RESOURCES

BRIAN MCGUIREPHYSICIAN

KELLY HAECKELVP PATIENT CARE SVCS/CNO

TODD BISCHOPCHIEF DEPT OF MED

JUSTIN DREWVP AMBULATORY & CLINICAL SVCS

LELAND MCKENNAVP PLANNING & EXTERNAL AFFAIRS

JESSE WAGNER MDFORMER KEY EMPLOYEE

CHANDLER J HOWARDVICE CHAIRMAN

CHRISTINE H REPASYDIRECTOR

DARRELL G PATASKACHAIRMAN

ROBERT C HINTONDIRECTOR

MARK D LORENZE MDASST SECRETARY

MARK BERTOLAMIDIRECTOR

JONATHAN D LEVINE MDSECRETARY

JOHN J GAUTHIERDIRECTOR

JEAN M DAQUILADIRECTOR

GARY M WALLACEDIRECTOR

DAVID C BENOITDIRECTOR

ELIZABETH G JUDDDIRECTOR (JOINED 10/1/23)

About this charity

Recognized since
January 1939
Location
28 CRESCENT ST, MIDDLETOWN, CT 06457-3654
County
Middlesex
In care of
% DONALD LUDWIG CPA
Primary officer
SUSAN MARTIN, VP FINANCE & TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(860) 358-6395

Filing and classification

Latest tax year
2023
Tax period began
October 1, 2023
Return type
990
Tax preparer
BAKER TILLY ADVISORY GROUP LP
NTEE classification
Health Care (E220)
IRS tax category
General Medical and Surgical Hospitals
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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