Executive Compensation at Yale New Haven Health (2020)

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 about 3,600 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.   15 (79%) of whom are male, while 4 (21% are female).

In 2020, YNHHSC reported total revenue of $742 million, most of which came from related organizations as management service and system service fees.

Expenses totaled $744 million (including $31 million in depreciation) with the three largest expenses reported to be compensation ($407 million), office-related expenses ($178 million), and fees for services ($118 million) which are primarily reported as “program service fees, fundraising fees, and management and general fees.

3,609 employees received $407 million in compensation which equates to an average compensation of $113,000.  However, only 950 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:

• $4,349,711:  Richard D’Aquila, President
• $4,157,666:  Marna Borgstrom, CEO, Trustee
• $2,120,726:  Christopher O’Connor, Ex VP/COO
• $2,019,723:  Vincent Tammaro, Ex VP/CFO/Treasurer
• $1,769,183:  Thomas Balcezak, EVP, CCO
• $1,635,827:  William Aseltyne, SVP
• $1,567,851:  Kevin Myatt, SVP
• $1,545,056:  Gayle Capozzalo, Former Officer
• $1,499,657:  Prathiba Varkey, SVP
• $1,496,430:  Norman Roth, Ex VP
• $1,394,153:  Lisa Stump, SVP, CIO
• $1,236,611:  Patrick Green, Ex VP
• $1,205,470:  Denise Fiore, SVP
• $1,180,714:  Patrick McCabe, SVP
• $1,115,554:  Vincent Petrini, SVP
• $1,094,975:  Pamela Scagliarini, SVP
• $1,064,359:  Michael Ivy, Interim CEO of BH
• $1,049,124:  Thomas Newman, SVP
• $1,013,152:  William Jennings, Former Officer
• $  955,592:  John Skelly, VP
• $  857,655:  Michael Dimenstein, VP
• $  851,648:  Stephen Allegretto, VP
• $  844,118:  Diane Kelly, Ex VP
• $  821,055:  Ian Schwartz, SVP
• $  786,318:  Victor Morris, VP
• $  776,466:  Matthew Comerford, SVP
• $  758,689:   Melissa Turner, VP
• $  757,790:  Carolyn Salsgiver-Kobsa, VP
• $  687,004:  Eugene Colucci, VP
• $  681,446:  Joseph Bisson, VP
• $  624,694:  Elizabeth Beckman, SVP
• $  617,034:  Michael Angelini, SVP
• $  564,033:  James Morris, VP
• $  451,216:  David Wurcel, Former Officer

The 34 most highly compensated employees of YNHHSC received $42 million in compensation in 2020.  24 of the 34 (71%) most highly compensated employees are male while 10 of the 34 (29%) are female.

To read detail about the supplemental non-qualified retirement plans, see the Form 990, Schedule J, Part III, Supplemental Information.

164 independent contractors received more than $100,000 in compensation. The five most highly compensated were reported to be:

• $7.2 million:  Century Financial Services, of North Haven, CT for collection services
• $3.6 million:  Vizient, Inc., of Irving, CT for staffing services
• $3.5 million:  Robert Half International, of Hartford, CT for staffing services
• $3.0 million:  MModal Services, of Franklin, TN for consulting services
• $2.7 million:  Korn Ferry, of Stamford, CT for consulting services (executive search)

To read the IRS Form 990(2019 for the year ending September 30, 2020), click here.