Executive Compensation at Yale New Haven Health
The Yale New Haven Health System serves Connecticut patients through 5 hospitals, a multi specialty physician foundation and numerous other offices staffed by more than 26,000 employees.
Based in New Haven, CT, the Yale New Haven Health System consists of dozens of separate tax-exempt non-profit organizations, taxable partnerships and taxable corporations and trusts. The purpose of this post is to report the executive compensation at Yale New Haven Health Services Corporation (YNHHSC), a tax-exempt non-profit 501 (c) (3) that employs 3,275 employees who provide overall management to the entire Yale New Haven Health System.
YNHHSC has 19 voting members in its governing party, 16 of whom are independent. However, the Form 990 reports 20 trustees, 16 (80%) of whom are male, while 4 (20% are female).
In 2019, YNHHSC reported total revenue of $658 million, most of which came from related organizations as management service and system service fees.
Expenses totaled $658 million (including $25 million in depreciation) with the three largest expenses reported to be compensation ($379 million), office-related expenses ($153 million), and fees for services ($93 million) which are primarily reported as “program service fees, fundraising fees, and management and general fees.
3,275 employees received $379 million in compensation which equates to an average compensation of $116,000. However, only 844 employees received more than $100,000 in compensation with the 34 most highly compensated (with compensation paid all or part from YNHHSC and affiliated organizations) reported to be:
- $4,654,769: Richard D’Aquila, President
- $4,026,854: Marna Borgstrom, CEO, Trustee
- $2,172,001: Christopher O’Connor, EVP, COO
- $1,947,942: Vincent Tammaro, EVP, CFO, Treasurer
- $1,891,940: Norman Roth, EVP
- $1,681,133: Kevin Myatt, SVP
- $1,617,050: Thomas Balcezak, SVP
- $1,566,125: James Morris, VP
- $1,515,589: Gayle Capozzalo, Former Officer
- $1,508,557: William Aseltyne, SVP
- $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
- $1,041,066: Pamela Scagliarini, SVP
- $1,035,257: Vincent Petrini, SVP
- $1,009,369: Michael Ivy, EVP
- $ 985,057: David Wurcel, VP
- $ 894,315: Patrick Green, EVP
- $ 876,627: John Skelly, VP
- $ 854,191: Richard Dimenstein, VP
- $ 824,747: Stephen Allegretto, VP
- $ 763,093: Matthew 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
The 34 most highly compensated employees received $44 million in compensation. 25 of the 34 (74%) most highly compensated employees are male while 9 of the 34 (26%) are female.
For detail on severance payments and SERP (Supplemental Executive Retirement Plan), see the Form 990, Schedule J, Part III, Supplemental Information.
148 independent contractors received more than $100,000 in compensation with the five highest reported to be:
- $4.5 million: Vizient, Inc., of Irving, TX for staffing
- $3.0 million: Robert Half International, of Hartford, CT for staffing
- $2.5 million: Ernst & Young, of Pittsburgh, PA for consulting
- $2.2 million: Century Financial Services, of North Haven, CT for collection
- $2.1 million: P2P Staffing Corporation, of Coral Springs, FL for staffing
As illustrated above, NYHHSC used several firms for staffing needs, which is often more expensive than in-house staffing, and makes compensation (to employees) appear lower than if these people were employees.