Executive Compensation at Yale New Haven Health (2018)
Yale New Haven Health Services is a healthcare provider with more than 26,000 employees that work in 5 hospitals and numerous medical offices in Connecticut. Based in New Haven, Connecticut, Yale New Haven Health Services (the system) consists of dozens of non-profit organizations, corporations, partnerships, and trusts that provide an integrated health experience from routine medical care to debt collection.
The parent corporation of the integrative healthcare system known as Yale New Haven Health Services (YNHHS) is Yale New Haven Health Services Corporation (YNHHSC). This post reports the executive compensation at YNHHSC as reported to the IRS on Form 990. To learn about executive compensation at affiliated organizations, the Form 990 for the related organization that employs the person must be consulted.
YNHHSC is a tax-exempt, non-profit 501 (c) (3) that employed 3,275 employees in 2018, or about 12% of the total employees of the YNHHS. Total revenue was $658 million, most of which were “management fees” from related organizations (all the organizations with the YNHHS appear to pay a portion of their revenue to the parent corporation for another layer of management). Expenses were also $658 million (what a coincidence) including $25 million in depreciation. The two largest expenses were compensation ($373 million or 57% of revenue) and office-related expenses ($156 million or 24% of revenue). Net assets at year end were $449 million.
3,275 employees received $373 million, which equates to an average compensation of $114,000. However, only 844 employees received more than $100,000 in compensation. The 35 most highly compensated employees were reported to be:
- $4,654,769: Richard D’Aquila President*
- $4,026,854: Marna Borgstrom, CEO and Trustee*
- $2,172,001: Christopher O’Connor, EVP, COO
- $1,947,942: Vincent Tammaro, EVP/CFO/Treasurer*
- $1,891,940: Norman Roth, EX VP*
- $1,617,050: Thomas Balcezak, SVP*
- $1,581,333: Kevin Myatt, SVP*
- $1,515,589: Gayle Capozzalo, Former Officer
- $1,508,557: William Aseltyne, SVP*
- $1,466,395: James Morris, VP*
- $1,354,560: William Jennings, EVP*
- $1,314,689: Denise Fiore, SVP*
- $1,290,693: Prathibha Varkey, SVP*
- $1,259,458: Lisa Stump, SVP*
- $1,172,339: Patrick McCabe, SVP
- $1,041,006: Pamela Scagliarini, SVP*
- $1,035,257: Vincent Petrini, SVP*
- $1,009,369: Michael Ivy, EVP*
- $ 985,107: David Wurcel, VP*
- $ 894,315: Patrick Greene, EVP*
- $ 876,627: John Skelly, VP*
- $ 854,191: Michael Dimenstein, VP*
- $ 824,747: Stephen Allegretto, VP*
- $ 763,093: Mathew Comerford, VP
- $ 750,639: Eugene Colucci, VP*
- $ 747,565: Victor Morris, VP
- $ 728,390: Thomas Newman, SVP
- $ 711,328: Melissa Turner, VP*
- $ 696,559: Carolyn Salsgiver-Kobsa, VP*
- $ 679,907: Ian Schwartz, SVP
- $ 645,459: Oliver Mayorga,
- $ 639,141: Joseph Bisson, VP
- $ 518,183: William Gedge, Former Officer
- $ 434,250: Nancy Levitt-Rosenthal, Former Officer
- $ 166,989: Elizabeth Beckman, SVP
A * indicates a portion of the compensation was paid from a related organization.
25 of the 35 (71%) most highly compensated employees are male while 10 of the 35 (29%) are female.
148 independent contractors received more than $100,000 in compensation with the five highest listed below:
- $4,455,867: Vizient, of Irving, TX for staffing
- $3,036,537: Robert Half International, of Hartford, CT for staffing
- $2,455,099: Ernst and Young, of Pittsburgh, PA for consulting
- $2,221,277: Century Financial Services, of North Haven, CT for collection services
- $2,117,965: P2P Staffing Corp, of Coral Springs, FL for staffing
As illustrated above, nearly $10 million was spent on staffing.
To read the IRS Form 990 (2018), click here.