Cause IQ organization profile

Norwalk Hospital

Form 990s | Financials | Vendors | Personnel | Peers

Norwalk Hospital is a general hospital based in Norwalk, CT that was founded in 1893. As of 2018 they had $413 million in revenue and $653 million in assets.

Established in 1893, Norwalk Hospital is a 366 bed, not-for-profit community hospital providing Fairfield and Westchester County residents convenient access to exceptional care, close to home.

Previous legal names or variations of their name include: The Norwalk Hospital Association; and Toni Horne.

EIN:

06-6068853

City:

Norwalk

State:

Connecticut

Metro:

Bridgeport-Stamford-Norwalk, CT

Website:

norwalkhospital.org

Phone:

866-642-9355

Facebook:

facebook.com/NorwalkHospital

Twitter:

@norwalkhospital

Founded:

1893

Type:

501(c)(3)

NTEE:

E22: General hospitals

Revenue:

$413,973,859

Assets:

$653,817,365

Employees:

1,915

Fiscal year end:

September

Revenue trends:

Asset trends:

Form 990s for Norwalk Hospital

Fiscal year ending	Date received by IRS	Form	PDF link
2018-09	Oct 18, 2019	990	View PDF
2017-09	Nov 15, 2018	990	View PDF
2016-09	Oct 27, 2017	990	View PDF
2015-09	Oct 19, 2016	990	View PDF
2014-09	Oct 13, 2015	990	View PDF
...and five more Form 990 PDFs

Financials for Norwalk Hospital

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$1,305,619	$1,051,347	24.2%
Government grants (contributions)	$1,522,564	$1,590,673	-4.3%
Normal grants, contributions, etc.	$0	$0
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$2,828,183	$2,642,020	7.0%

Field	2018	2017	% Change
Total grants, contributions, etc.	$2,828,183	$2,642,020	7.0%
Program services	$393,961,984	$377,513,241	4.4%
Investment income and dividends	$16,610,888	$10,369,238	60.2%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$115,760	$201,829	-42.6%
Net gain from sale of non-inventory assets	$190,607	$4,131,000	-95.4%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$34,563	$124,892	-72.3%
Miscellaneous revenues	$231,874	$755,593	-69.3%
Total revenues	$413,973,859	$395,737,813	4.6%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$1,563,284	$142,936	993.7%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$141,396,918	$134,092,567	5.4%
Pension/retirement accruals and contributions	$291,658	$2,868,790	-89.8%
Other employee benefits	$17,679,751	$24,064,807	-26.5%
Payroll taxes	$7,949,683	$8,509,387	-6.6%
Management fees	$0	$0
Legal fees	$4,174	$260,215	-98.4%
Accounting fees	$242,875	$2,379	10109.1%
Lobbying fees	$108,669	$116,430	-6.7%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$156,663	$0	999%
Other fee-for-service	$68,530,392	$76,003,859	-9.8%
Advertising and promotion	$1,255,379	$15,751	7870.2%
Office expenses	$2,415,719	$2,078,607	16.2%
Information tech. expenses	$11,328,651	$2,043,290	454.4%
Royalty expenses	$0	$0
Occupancy	$9,540,013	$17,545,786	-45.6%
Travel	$483,990	$544,591	-11.1%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$44,094	$26,650	65.5%
Interest	$2,518,258	$2,724,244	-7.6%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$24,436,836	$25,067,030	-2.5%
Insurance	$917,197	$1,532,580	-40.2%
All other expenses	$99,843,232	$84,173,892	18.6%
Total expenses	$390,707,436	$381,813,791	2.3%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$34,237,227	$17,238,252	98.6%
Savings, short-term investments, etc.	$15,418,485	$15,353,696	0.4%
Pledges and grants receivable	$0	$0
Accounts receivable	$42,855,044	$40,531,520	5.7%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$30,122	$42,542	-29.2%
Inventories for use	$4,796,943	$2,911,024	64.8%
Prepaid expenses and deferred charges	$1,163,767	$1,067,900	9.0%
Buildings, equipment, etc. post-depreciation	$261,084,165	$269,057,524	-3.0%
Investments, publicly traded securities	$0	$0
Investments, other securities	$116,999,536	$136,489,771	-14.3%
Investments, program-related	$131,652,615	$114,799,754	14.7%
Intangible assets	$0	$0
Other assets	$45,579,461	$40,921,669	11.4%
Total assets	$653,817,365	$638,413,652	2.4%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$42,737,046	$44,712,922	-4.4%
Grants payable	$5,121	$0	999%
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$97,047,561	$103,362,621	-6.1%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$32,017,513	$33,756,347	-5.2%
Total liabilities	$171,807,241	$181,831,890	-5.5%

Field	2018	2017	% Change
Unrestricted net assets	$410,038,050	$400,816,430	2.3%
Temporarily restricted net assets	$59,994,614	$44,796,607	33.9%
Permanently restricted net assets	$11,977,460	$10,968,725	9.2%

Vendors for Norwalk Hospital

Vendor	Services	Amount paid	Date
Ernst and Young Us LLP	Tax accounting		2019-10-18
███████ ████████ ██████████	Laboratory Services	$1,797,158	2018-09-01
████████ ██████████ ███████████	Food Service	$4,897,702	2018-09-01
███████ █████████ ███████████ ██	Physicians Radiology	$1,677,320	2018-09-01
█████████ █████████ █████ █████████	Temp Help Agency	$5,315,385	2018-09-01
██ ████████ ██████████	Security Services	$1,475,644	2018-09-01
███ ███ ████ ███ ███████	Participant loan processing; Investment management	$89,319	2016-12-31
█████████ ███████ ████████ ███	Insurance agent or broker	$6,258	2016-12-31
...and five more vendors

Personnel at Norwalk Hospital

Name	Title	Compensation	Most recent data
John M. Murphy	President and Chief Executive Officer , Western Connecticut Health Network	$0	April 27, 2020
Kerry Eaton	Chief Operating Officer	-	April 27, 2020
██████ █████	President , Danbury and New Milford Hospitals / Chief Operating Officer and Chief Nursing Officer	$0	April 27, 2020
█████ █████████	Chief Financial Officer	-	April 27, 2020
██████ █████████	Treasurer / Senior Vice President and Chief Financial Officer WCHN	$0	April 27, 2020
█████ ████████	Chief Information Officer	-	Nov. 1, 2017
██████ ██ ██████████ ██	Executive Director and Chief of Staff, New Milford Hospital	-	Nov. 1, 2017
█████ ███████	Chief Development Officer	-	April 27, 2020
█████████ ████████	Chief Human Resources Officer	-	April 27, 2020
█████ ██████ ██	Chief of Medical Staff	-	April 27, 2020
...and 18 more key personnel

Peer general hospitals

	Name	Type	Revenue	Location
1	Day Kimball Healthcare (DKH)	501(c)(3)	$122 million	Putnam, CT
2	Griffin Hospital	501(c)(3)	$202 million	Derby, CT
3	St. Vincent's Medical Center (SVMC)	501(c)(3)	$434 million	Bridgeport, CT
4	Summa Health Group Return	501(c)(3)	$1.0 billion	Akron, OH
5	Eastern Maine Healthcare Systems Tamc the Aroostook Medical Center Tamc	501(c)(3)	$330 million	Presque Isle, ME
6	Columbia St Mary's Hospital	501(c)(3)	$187 million	Glendale, WI
7	Legacy Salmon Creek Hospital	501(c)(3)	$385 million	Vancouver, WA
8	Centrastate Medical Center	501(c)(3)	$300 million	Freehold, NJ
9	Presence Chicago Hospitals Network	501(c)(3)	$1.1 billion	Chicago, IL
10	Christiana Care Health Services	501(c)(3)	$1.6 billion	Wilmington, DE
11	Rideout Health	501(c)(3)	$216 million	Yuba City, CA
12	White Plains Hospital (WPH)	501(c)(3)	$620 million	White Plains, NY
13	St Joseph Hospital of Nashua	501(c)(3)	$211 million	Nashua, NH
14	Licking Memorial Hospital (LMHS)	501(c)(3)	$268 million	Newark, OH
15	Champlain Valley Physicians Hospital (CVPH)	501(c)(3)	$355 million	Plattsburgh, NY
16	Physician Enterprise LLC (AAMC)	501(c)(3)	$150 million	Annapolis, MD
17	Sutter East Bay Hospitals	501(c)(3)	$229 million	Sacramento, CA
18	Maine Coast Memorial Hospital	501(c)(3)	$182 million	Ellsworth, ME
19	THE Valley HOSPITAL	501(c)(3)	$759 million	Ridgewood, NJ
20	Norton Hospitals	501(c)(3)	$2.0 billion	Louisville, KY
21	New York Community Hospital	501(c)(3)	$105 million	Brooklyn, NY
22	Englewood Health	501(c)(3)	$630 million	Englewood, NJ
23	Chinese Hospital Association (CHA)	501(c)(3)	$109 million	San Francisco, CA
24	Norwegian American Hospital (NAH)	501(c)(3)	$120 million	Chicago, IL
25	Chester County Hospital	501(c)(3)	$333 million	West Chester, PA

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Cause IQ organization profile

Norwalk Hospital

Form 990s for Norwalk Hospital

Financials for Norwalk Hospital

Vendors for Norwalk Hospital

Personnel at Norwalk Hospital

Peer general hospitals

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