Day Kimball Healthcare Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1894

Legal Domicile

Phone

8609286541

Tax Period

2023-10-01 to 2024-09-30

Day Kimball Healthcare Inc, founded in 1894, is a major nonprofit in the Health Care sector that reported $128.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF DAY KIMBALL HEALTHCARE IS TO IMPROVE THE HEALTH AND WELLBEING OF OUR COMMUNITY BY PROVIDING THE BEST MEDICAL CARE.

Program Service Accomplishments

Program 1

Expenses: $111,184,219 Revenue: $111,224,571

DAY KIMBALL HEALTHCARE PROVIDES A COMPREHENSIVE HEALTHCARE SYSTEM OFFERING PRIMARY CARE AND A MULTITUDE OF MEDICAL AND SURGICAL SPECIALTIES ALONG WITH LEADING -EDGE TECHNOLOGY AND SOPHISTICATED...

DAY KIMBALL HEALTHCARE PROVIDES A COMPREHENSIVE HEALTHCARE SYSTEM OFFERING PRIMARY CARE AND A MULTITUDE OF MEDICAL AND SURGICAL SPECIALTIES ALONG WITH LEADING -EDGE TECHNOLOGY AND SOPHISTICATED DIAGNOSTICS. OUR SERVICE ARE INCLUDES NORTHEAST CONNECTICUT AS WELL AS NEARBY MASSACHUSETTS AND RHODE ISLAND COMMUNITIES. DAY KIMBALL HEALTHCARE'S COMPREHENSIVE NETWORK OFFERS MORE THAN 1,000 EMPLOYEES INCLUDING MORE THAN 200 HIGHLY SKILLED PHYSICIANS, SURGEONS AND SPECIALISTS.

Program 2

Expenses: $9,005,629 Revenue: $9,008,897

PHYSICIAN OFFICE PROVIDING PRIMARY CARE AND OUTPATIENT VISITS TO NORTHEASTERN CONNECTICUT COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,356,434

Program Service Revenue $120,233,468

Investment Income $1,077,905

Other Revenue $1,805

TOTAL REVENUE $128,669,612

Expense Breakdown

Grants Paid $18,440

Salaries & Benefits $57,939,132

Fundraising Expenses $0

Program Expenses $120,189,848

Other Expenses $71,237,240

TOTAL EXPENSES $129,194,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,669,612	$113,815,421	+0.1%
Expenses	$129,194,812	$130,715,343	0.0%
Net Income	$-525,200	$-16,899,922	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1013

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,007,678

Total Directors

$1,819,728

Key Employees

$271,311

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN HIGGINS	TREASURER	1.0	Officer Director	$0	$0	$0
JANICE THURLOW	CHAIRMAN END 05/24	1.0	Officer Director	$0	$0	$0
JAY CYR	DIRECTOR END 05/24; VICE CHAIR BEG 06/24	1.0	Officer Director	$0	$0	$0
KATHY ROCHA	SECRETARY	1.0	Officer Director	$0	$0	$0
KYLE KRAMER	CHIEF EXECUTIVE OFFICER	40.0	Officer Director	$0	$0	$0
PETER DEARY	VICE CHAIR END 05/24; CHAIRMAN BEG 06/24	1.0	Officer Director	$0	$0	$0
RICHARD WILCON MD	PRESIDENT / MEDICAL STAFF	1.0	Officer Director	$34,748	$28,886	$539,210
ANNE LAMONDY	DIRECTOR	1.0	Director	$0	$0	$0
DANIEL SULLIVAN	DIRECTOR END 05/24	1.0	Director	$0	$0	$0
JAMES ZAHANSKY	DIRECTOR	1.0	Director	$0	$0	$0
JEFFREY RAWSON	DIRECTOR BEG 06/24	1.0	Director	$0	$0	$0
KAREN COLE	DIRECTOR	1.0	Director	$0	$0	$0
KRISTA MATSEN MD	DIRECTOR END 07/24	1.0	Director	$12,000	$6,505	$177,479
KRISTEN XELLER MD	DIRECTOR BEG 06/24	1.0	Director	$0	$0	$0
MATTHEW DESAULNIER	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL BAUM MD	DIRECTOR	1.0	Director	$0	$28,963	$370,661
NANCY WEISS	DIRECTOR	1.0	Director	$0	$0	$0
PAUL MATTY MD	DIRECTOR	1.0	Director	$14,000	$26,039	$304,633
PAUL SWEET	DIRECTOR BEG 06/24	1.0	Director	$0	$0	$0
STEPHEN SCHIFF MD	DIRECTOR BEG 06/24	1.0	Director	$0	$28,913	$427,745
STEVEN WEXLER MD	DIRECTOR	1.0	Director	$0	$0	$0
PAUL A BEAUDOIN	CHIEF FINANCIAL OFFICER	40.0	Officer	$468,010	$458	$468,468
JOHN O'KEEFE	CNO	40.0	Key Emp	$244,657	$26,654	$271,311
ALEJANDRO CARVAJAL	PHYSICIAN	40.0	Highest	$446,517	$17,969	$464,486
ALEXANDRE CARRE	PHYSICIAN	40.0	Highest	$363,771	$391	$364,162
CHERYL PETRARCA	EXECUTIVE DIRECTOR OF PATIENT CARE	40.0	Highest	$191,302	$6,370	$197,672
JOHN MODICA	PHYSICIAN	40.0	Highest	$338,143	$18,439	$356,582
ROBERT VIENS	EXEC. DIRECTOR OF PHARMACY/LAB/FACILITIES	40.0	Highest	$168,895	$27,189	$196,084
CARMEN PISC	FORMER PHYSICIAN	0.0		$188,521	$0	$188,521

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$128,669,612	$129,194,812	$74,951,200	$-525,200
2023	$113,815,421	$130,715,343	$74,285,594	$-16,899,922
2023	$113,815,421	$130,715,343	$74,285,594	$-16,899,922
2022	$127,293,021	$119,912,789	$78,766,295	$7,380,232
2021	$129,737,162	$119,382,510	$92,896,606	$10,354,652
2020	$109,975,454	$113,599,072	$92,107,218	$-3,623,618
2019	$118,346,052	$110,375,714	$92,892,711	$7,970,338
2018	$122,978,708	$115,263,295	$94,302,713	$7,715,413