Yale New Haven Hospital
91% goes to programs $36 to raise $100 Strong reserves Growing revenue
Yale New Haven Hospital is a 501(c)(3) organization based in New Haven, Connecticut, registered in 1966, with $4,571,807,805 in FY2023 revenue. CharityIndex grades it A+, and it directs about 91% of spending to programs.
20 York St, New Haven, CT, 06510 EIN 06-0646652 Since 1966
Revenue (FY2023)
$4.6B
▲ 9.1% vs prior year
Health median: $840K
Expenses (FY2023)
$4.4B
Net assets
$3.2B
Employees
17,915
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating91% to programs · $36 to raise $100
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 Yale New Haven Hospital: 91% to programs · $36 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +4% margin
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 Yale New Haven Hospital: 9 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Yale New Haven Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
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 Yale New Haven Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide health care services.
Contact & location
- Address
- 20 York St, New Haven, CT, 06510
- City
- New Haven
- State
- Connecticut
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $2.4B (FY2013) to $4.6B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $2.3BNet assets $3.2B
Operating margin
4.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.4B
Total liabilities
$2.3B
Net assets
$3.2B
Salaries & benefits
$1.6B
36% of expenses
Board members
26
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,571,807,805▲9.1% | $4,367,597,575▲6.2% | $3,150,313,254▲16.4% | $5,447,832,318▲17.5% | 990 |
| 2022 | $4,190,091,426▲7.3% | $4,112,468,772▲3.6% | $2,705,489,455▲8.3% | $4,636,988,989▼3.6% | 990 |
| 2021 | $3,904,285,739▲4.9% | $3,968,389,537▲10.7% | $2,498,281,432▼11.8% | $4,808,074,993▼10.8% | 990 |
| 2020 | $3,722,110,705▲9.0% | $3,586,304,261▲7.0% | $2,832,810,645▲28.5% | $5,389,749,261▲9.9% | 990 |
| 2019 | $3,414,587,874▲4.5% | $3,353,235,179▲11.5% | $2,205,342,598▲4.3% | $4,903,006,397▲17.8% | 990 |
| 2018 | $3,266,220,524▲4.7% | $3,007,841,706▲8.7% | $2,114,447,493▲6.5% | $4,163,506,332▲7.6% | 990 |
| 2017 | $3,119,994,657▲11.6% | $2,767,594,128▲5.1% | $1,985,287,295▲19.2% | $3,869,962,766▲8.6% | 990 |
| 2016 | $2,796,475,741▲3.2% | $2,633,110,772▲1.9% | $1,665,042,642▲23.9% | $3,562,454,011▲6.8% | 990 |
| 2015 | $2,709,762,778▲5.9% | $2,584,015,136▲6.8% | $1,343,357,639▲9.6% | $3,334,892,698▲6.8% | 990 |
| 2014 | $2,558,344,913▲6.1% | $2,419,780,683▲5.0% | $1,225,503,814▲9.3% | $3,121,321,423▲6.1% | 990 |
| 2013 | $2,411,927,796 | $2,303,803,250▲2.8% | $1,121,471,489▲10.1% | $2,941,745,107▲10.7% | 990 |
| 2012 | — | $2,240,229,435▲33.4% | $1,018,835,704▲36.0% | $2,658,309,741▲7.2% | 990 |
| 2011 | — | $1,679,165,431▲16.5% | $749,410,365▲11.1% | $2,479,697,137▲24.1% | 990 |
| 2010 | — | $1,441,681,151▲11.0% | $674,612,219▲5.0% | $1,998,140,358▲13.2% | 990 |
| 2009 | — | $1,298,319,350 | $642,706,629 | $1,765,612,484 | 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.
Leadership & compensation (FY2023)
Highest-paid: Marna Borgstrom — $3,123,075 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Marna Borgstrom | Former Officer | 0 | $3,123,075 |
| Cynthia Sparer | Evp | 38 | $987,135 |
| Michael Holmes | Evp/coo (vested Deferred) | 40 | $937,596 |
| Thomas Donahue | Vp | 40 | $851,247 |
| Michael Holmes | Evp/coo (current Yr Comp) | 40 | $789,720 |
| Alan Friedman | Svp/cmo | 40 | $698,785 |
| Francine Lorusso | Svp | 40 | $697,497 |
| Lori Pickens | Svp (current Yr Comp) | 40 | $683,667 |
| Michael Schaffer | Vp | 40 | $632,412 |
| Ena Williams | Svp/cno | 40 | $626,868 |
| Christin Brooks-mark | Crna | 40 | $527,000 |
| Kevin Vest | Vp | 40 | $489,958 |
| Lori Pickens | Svp (vested Deferred) | 40 | $483,146 |
| Stephen Vyce | Chief Dept of Podiatry | 40 | $479,861 |
| Michael Loftus | Former Key Employee | 0 | $439,670 |
| Kevin Walsh | Former Officer | 0 | $150,661 |
| Joni Hansson | Trustee | 1 | $39,520 |
| Aaron Hollander | Secretary/trustee | 1 | — |
| Azita Emami | Trustee | 1 | — |
| Christopher O'connor | Ceo/trustee (current Yr Comp) | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Nationwide Anesthesia Serv Inc | Staffing | $13,927,287 |
| Edwards Lifesciences LLC | Technology Services | $8,582,480 |
| New England Organ Bank Inc | Medical Services | $5,521,850 |
| National Marrow Donor Program | Medical Services | $4,423,900 |
| American Medical Response of Ct | Ambulance Services | $3,900,486 |
Grants received · $10.0M total
100 grants to Yale New Haven Hospital totaling $10.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $2,510,500 |
| Community Foundation For Greater New Haven | Etta s. chidsey fund | 2024 | $190,197 |
| Community Foundation For Greater New Haven | Martha & herman copen fund | 2024 | $65,872 |
| American Cancer Society Inc | Patient support | 2024 | $50,000 |
| American Online Giving Foundation Inc | General support | 2024 | $43,734 |
| Ayco Charitable Foundation | Medical / public services | 2024 | $28,000 |
| American Cancer Society Inc | Patient support | 2024 | $20,000 |
| Community Foundation For Greater New Haven | To the hospital of st. raphael foundation, inc. | 2024 | $19,005 |
| Community Foundation For Greater New Haven | For the benefit of tyale-new haven hospital, for its general operating support. | 2024 | $18,433 |
| American Endowment Foundation | Health, general | 2024 | $8,545 |
| The Rhode Island Community Foundation | Hl - healthy lives (primary) | 2024 | $5,995 |
| Yale University | Daf distribution | 2023 | $1,294,284 |
| Community Foundation For Greater New Haven | For the benefit of yale cancer center | 2023 | $182,195 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $148,766 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $100,000 |
Grants made · $7.1M in FY2023
17 grants totaling $7.1M in FY2023 — showing the 15 largest. All grants made by Yale New Haven Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| City of New Haven | Communty benefit dev | $3,318,378 |
| Cornell Scott Hill Health Corporation | Support mission | $1,952,684 |
| Project Access of New Haven Inc | Support mission | $883,668 |
| Fair Haven Community Health Clinic Inc | Support mission | $366,162 |
| Sisters of Charity of St Elizabeth Convent of St Elizabeth | Support mission | $250,000 |
| American Heart Association Inc | Support mission | $115,000 |
| Connecticut Cancer Foundation Inc | Support mission | $100,000 |
| Lifebridge Community Services Inc | Support mission | $24,400 |
| American Liver Foundation | Support mission | $21,500 |
| Greenwich Hospital | Support mission | $21,000 |
| Connecticut Brain Tumor Allianceinc | Support mission | $20,000 |
| Breakthrough T1d | Support mission | $15,000 |
| Tommy Fund Inc | Support mission | $12,600 |
| Sickle Cell Disease Association of America Ct Scdaact Inc | Support mission | $10,000 |
| Infinite Strength Inc | Support mission | $9,000 |
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Frequently asked questions
- Is Yale New Haven Hospital a legitimate nonprofit?
- Yes. Yale New Haven Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-0646652, based in New Haven, Connecticut. Donations are tax-deductible.
- What is Yale New Haven Hospital's EIN?
- Yale New Haven Hospital's Employer Identification Number (EIN) is 06-0646652.
- How much revenue does Yale New Haven Hospital report?
- Yale New Haven Hospital reported $4,571,807,805 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Yale New Haven Hospital's spending goes to programs?
- Yale New Haven Hospital spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Yale New Haven Hospital have?
- CharityIndex grades Yale New Haven Hospital A+, based on program efficiency and fundraising cost.
- How much does Yale New Haven Hospital's highest-paid employee make?
- The highest reported compensation on Yale New Haven Hospital's latest Form 990 is $3,123,075, paid to Marna Borgstrom (Former Officer).
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Data for Yale New Haven Hospital (EIN 06-0646652) 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.