Norwalk Hospital Association is a 501(c)(3) organization based in Norwalk, Connecticut, registered in 1943, with $433,089,973 in FY2023 revenue. CharityIndex grades it A, and it directs about 92% of spending to programs.
Revenue (FY2023)
$433.1M
▲ 3.4% vs prior year
Health median: $840K
Expenses (FY2023)
$467.2M
Net assets
$421.0M
Employees
1,876
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Norwalk Hospital Association: 92% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Norwalk Hospital Association: 11 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Norwalk Hospital Association: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Norwalk Hospital Association: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Improve the health of every person in our community through the efficient delivery of excellent, innovative and compassionate care.
Womens' health: one of the hospital's premier signature clinical programs, our women's and children's services features a top notch team of obstetricians/gynecologists, pediatricians, certified midwives, pediatric hospitalists, neonatologists, pediatric specialist, physician assistants and nurses. this team's compassionate and expert care further enhanced by the availability of perinatologists from yale university medical school, in addition of onsite perinatology services for high risk pregnancies. our obstetricians and certified nurse midwives deliver babies in the hospital's modern, home-like childbirth center. the center features in-suite amenities, including beautiful private rooms, massage therapy for infants and mothers and wireless internet access. in addition advanced, minimally invasive robotic surgery for several gynecologic procedures, including hysterectomies, fibroid removal, vaginal prolapse correction, to stop menorrhagia and to treat certain forms of cervical and uterine cancers, are available at the hospital. women's health had total inpatient discharges of 2,803 for the fiscal year ended 9/30/2014.
Gastroenterology and digestive services: norwalk hospital is noted for its advanced gastroenterology program, which is considered to be a leading program in connecticut as well as in nearby westchester county, new york, for the diagnosis and treatment of a wide range of digestive diseases and conditions. one of the hospital's premier signature clinical services, this program features experienced and highly respected gastroenterologists, on the norwalk hospital medical staff, who see patients in their offices throughout lower fairfield county as well as at the hospital's center for digestive diseases. a key component of norwalk hospital's digestive diseases services is a colorectal cancer screening program. colorectal cancers are highly preventable and treatable if caught early. norwalk hospital is recognized by the joint commission as a center of excellence for colorectal cancer, one of only five in the country. health experts recommend a screening colonoscopy at age 50 for adults considered at average risk. colonoscopies are performed by gastroenterologists in the hospital's modern and nationally accredited gastrointestinal (gi) lab. the norwalk hospital center for digestive diseases provides state-of-the-art, academic medical center-level care in a conveniently located, community hospital setting. the center's widely recognized, fellowship-trained, specialist physicians provide leading-edge diagnostics and treatments for disorders of the esophagus, stomach, small intestines, colon, rectum, gallbladder, pancreas and liver. a leader in advanced endoscopic procedures for the treatment of gastrointestinal disorders, the center also offers a chronic heartburn program and in partnership with yale school of medicine, a comprehensive liver center. clinical services provided by the center's specialist physicians include, but are not limited to: ablation therapy for barrett's esophagus, chronic heartburn(gerd)evaluation and treatment, colon cancer screening, colonoscopies, double balloon-assisted enteroscopy, endoscopic procedures, including ultrasound, inflammatory bowel disease evaluation and treatment, liver diseases, including hepatitis c evaluations and treatments. the center serves as a major teaching site for the yale school of medicine. william hale, md director of gastroenterology and hepatology and dennis meighan, do, director of endoscopy, help train residents and fellows, and also conduct clinical research studies designed to improve care for patents. gastro & digestive services had total inpatient discharges of 1,680 and 6,401 outpatient visits for the fiscal year ended 9/30/2014.
Revenue grew from $340.4M (FY2013) to $433.1M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-7.9%
Spent more than it raised in the latest fiscal year.
Total assets
$693.8M
Total liabilities
$272.8M
Net assets
$421.0M
Salaries & benefits
$185.9M
40% of expenses
Board members
17
14 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $433,089,973▲3.4% | $467,242,914▲5.4% | $421,008,326▼3.1% | $693,807,819▼3.7% | 990 |
| 2022 | $418,962,236▲3.5% | $443,344,321▲5.1% | $434,534,285▼6.3% | $720,288,595▼9.3% | 990 |
| 2021 | $404,720,317▲0.5% | $421,736,967▲5.2% | $463,864,358▼6.0% | $794,136,829▲0.2% | 990 |
| 2020 | $402,634,806▼5.4% | $400,928,677▼1.8% | $493,708,201▲7.9% | $792,848,163▲14.1% | 990 |
| 2019 | $425,486,882▲3.8% | $408,192,474▼0.1% | $457,598,163▼3.5% | $694,830,905▲4.6% | 990 |
| 2018 | $409,990,308▼1.0% | $408,589,360▲4.6% | $474,313,919▼1.6% | $664,303,538▲1.6% | 990 |
| 2017 | $413,973,859▲4.6% | $390,707,436▲2.3% | $482,010,124▲5.6% | $653,817,365▲2.4% | 990 |
| 2016 | $395,737,813▲1.2% | $381,813,791▲0.7% | $456,581,762▲9.4% | $638,413,652 | 990 |
| 2015 | $390,871,705▲3.5% | $379,210,002▲7.0% | $417,270,037▲19.3% | $638,508,505▼0.2% | 990 |
| 2014 | $377,735,133▲11.0% | $354,408,279▲15.3% | $349,714,145▲11.7% | $639,545,087▲4.9% | 990 |
| 2013 | $340,372,773 | $307,305,076▼8.5% | $313,160,208▲26.7% | $609,496,496▲13.3% | 990 |
| 2012 | — | $335,881,020▼6.3% | $247,213,116▲48.3% | $538,094,167▲24.3% | 990 |
| 2011 | — | $358,630,093▲6.0% | $166,692,992▲22.8% | $432,888,470▲24.6% | 990 |
| 2010 | — | $338,262,542▲0.3% | $135,696,801▲0.4% | $347,466,749▲34.3% | 990 |
| 2009 | — | $337,218,237 | $135,176,642 | $258,806,324 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Peter Cordeau — $775,400 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Peter Cordeau | President Norwalk Hospital | 46 | $775,400 |
| Stephen M Papp | Vp Operations | 38 | $339,288 |
| Leslie Lincoln Rn | Chief Nursing Officer | 40 | $325,634 |
| Elizabeth Brice Rn | Nurse | 40 | $296,258 |
| Nina Kalach | Physicist | 40 | $251,914 |
| Sangeetha Chacko | Nurse | 40 | $243,179 |
| Curtis Stewart | Director (from 1/1) | 42 | $52,253 |
| Amy Ahasic Md | Director | 2 | — |
| Brian Wyatt | Secretary & Chief Legal Officer | 2 | — |
| Daniel Debarba | Chief Financial Officer; Treasurer | 2 | — |
| Danielle Robinson Phd | Director | 2 | — |
| James Dimonekas | Director | 2 | — |
| Jean Ahn | Chief Strategy Officer | 5 | — |
| Karen Gottlieb | Director | 2 | — |
| Kathryn D Cullinan | Chief Human Resources Officer | 5 | — |
| Leonard Dinardo | Director | 2 | — |
| Mary Grace Gudis | Director | 2 | — |
| Michael L Witherspoon Jd | Director | 2 | — |
| Michelle Robertson | Chief Operating Officer | 5 | — |
| Pablo Colon | Vice Chair (to 12/31); Chair (from 01/01) | 3 | — |
| Contractor | Services | Paid |
|---|---|---|
| Premier Imaging LLC | Image Readings and Research | $968,095 |
| Lechase Construction Services LLC | Construction | $802,907 |
| Orthoconnecticut PC | Medical Services | $631,500 |
| Danbury Radiological Associates | Image Readings | $362,001 |
| Sizewise Rentals | Equipment Rentals | $328,676 |
4 grants to Norwalk Hospital Association totaling $121K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Johns Hopkins University | Sub-award | 2020 | $57,218 |
| University of Pittsburgh | Research- subcontract | 2017 | $17,600 |
| University of Pittsburgh | Research- subcontract | 2016 | $23,100 |
| University of Pittsburgh | Research- subcontract | 2015 | $22,600 |
2 grants totaling $16.2M in FY2014. All grants made by Norwalk Hospital Association →
| Recipient | Purpose | Amount |
|---|---|---|
| Nuvance Health Medical Practice Ct Inc | Strategic support | $11,497,837 |
| Norwalk Hos Phys & Surgeons | Strategic support | $4,736,991 |
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Data for Norwalk Hospital Association (EIN 06-6068853) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.