Windham Community Memorial Hospital Inc (EIN 060646966) - Form 990 Financial Analysis & Trantor Score

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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

1908

Legal Domicile

Principal Officer

Donna Handley

Phone

8606963530

Tax Period

2023-10-01 to 2024-09-30

Windham Community Memorial Hospital Inc, founded in 1908, is a major nonprofit in the Health Care sector that reported $122.4M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $117.2M left a modest 4% surplus.

Mission

The mission of Windham Community Memorial Hospital is to offer comprehensive services in an environment where innovation and teaching are integral to care; where we are proud to serve patients and one another; where meeting the challenge of complex medical needs is viewed as a defining competency; and where quality and safety of care are a constant.

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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 $278,628

Program Service Revenue $120,939,980

Investment Income $558,212

Other Revenue $594,062

TOTAL REVENUE $122,370,882

Expense Breakdown

Grants Paid $54,405

Salaries & Benefits $51,763,051

Fundraising Expenses $77,081

Program Expenses $107,190,674

Other Expenses $65,393,771

TOTAL EXPENSES $117,211,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,370,882	$129,197,725	-0.1%
Expenses	$117,211,227	$130,429,245	-0.1%
Net Income	$5,159,655	$-1,231,520	-5.2%

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

753

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

$1,682,828

Total Directors

$2,038,779

Key Employees

$1,740,605

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Barry MD	Director (Thru 06/24)	1.00	Director	$0	$0	$0
Henry Beck	Director	1.00	Director	$0	$0	$0
Kristin Gildersleeve MD	Director (Thru 10/23)	1.00	Director	$0	$58,327	$369,142
Joanna Chaurette MD	Director	1.00	Director	$0	$63,059	$375,201
Lee-Ann Gomes	Director	1.00	Director	$0	$0	$0
Donna Handley	Director/President	30.00	Officer Director	$0	$75,283	$978,621
Anthony Joyce III	Chair	2.00	Officer Director	$0	$0	$0
Daniel King	Director	1.00	Director	$0	$0	$0
Stephen Larcen MD	Director	1.00	Director	$0	$0	$0
Anita Lee	Director	1.00	Director	$0	$0	$0
Christina Nadeau	Director	1.00	Director	$0	$0	$0
Mark Tramontozzi MD	Vice Chair	2.00	Officer Director	$0	$44,900	$315,815
Anthony Mastroianni	VP, Finance	30.00	Officer	$0	$66,757	$388,392
Liz Li	VP, Human Resources	30.00	Key Emp	$0	$23,105	$207,641
Rebecca Durham	VP, Patient Care Services	30.00	Key Emp	$0	$23,506	$295,899
Matthew Kaufman	VP, Operations	30.00	Key Emp	$0	$59,157	$371,293
Michael Bontempo	VP, Human Services (Thru 02/24)	30.00	Key Emp	$0	$6,239	$38,566
Mohammed Ahmad Quereshi MD	VP, Medical Affairs	30.00	Key Emp	$0	$56,777	$437,804
Colleen Desai	VP, Patient Care Svcs (Thru 12/23)	30.00	Key Emp	$0	$58,805	$389,402
Melisha Cumberland	Hospitalist	60.00	Highest	$525,110	$25,376	$550,486
Julian Munoz MD	Hospitalist	60.00	Highest	$385,815	$35,686	$421,501
Michael Keenan MD	Hospitalist	60.00	Highest	$391,167	$49,739	$440,906
Kyle Finnegan MD	Hospitalist	60.00	Highest	$347,361	$33,186	$380,547
Michael Davis	Sr Dir Operations	60.00	Highest	$270,079	$29,334	$299,413
Abbie Courtemanche MD	Former Key EE	0.00		$0	$35,439	$441,703

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	$122,370,882	$117,211,227	$93,172,667	$5,159,655
2023	$129,197,725	$130,429,245	$89,755,387	$-1,231,520
2022	$137,042,380	$122,964,926	$90,989,065	$14,077,454
2021	$133,669,653	$126,431,649	$72,116,870	$7,238,004
2020	$121,054,683	$117,311,906	$68,084,533	$3,742,777
2019	$109,945,420	$106,666,672	$60,017,455	$3,278,748
2018	$97,505,509	$96,639,206	$67,289,632	$866,303

Windham Community Memorial Hospital Inc