HAMDEN, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WHITNEY CENTER INC, founded in 1977, is a mid-sized nonprofit in the Human Services sector that reported $36.3M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.
WHITNEY CENTER'S MISSION, EXCELLENCE IN SENIOR LIVING, IS GROUNDED IN THE PRINCIPAL THAT ALL ELDERS, REGARDLESS OF PHYSICAL OR COGNITIVE LIMITATION, HAVE THE RIGHT TO ENGAGE IN LIFE AND SEEK FULFILLMENT. OUR IDEALS OF SELF-DETERMINATION, LIFELONG LEARNING AND CONTINUAL GROWTH ARE UNBOUNDED BY AGE AND EMBRACED BY A PERSON-CENTERED PHILOSOPHY.
THE ORGANIZATION WAS FOUNDED TO OWN AND OPERATE A LIFE PLAN (CONTINUING CARE) COMMUNITY THAT PROVIDES EXCELLENCE IN SENIOR LIVING FOR APPROXIMATELY 330 RESIDENTS AND AN ADDITIONAL 95 COMMUNITY...
THE ORGANIZATION WAS FOUNDED TO OWN AND OPERATE A LIFE PLAN (CONTINUING CARE) COMMUNITY THAT PROVIDES EXCELLENCE IN SENIOR LIVING FOR APPROXIMATELY 330 RESIDENTS AND AN ADDITIONAL 95 COMMUNITY MEMBERS BY EMPHASIZING ACTIVE ENGAGEMENT BETWEEN RESIDENTS AND STAFF. A BROAD ARRAY OF SERVICES IS OFFERED THAT ALLOWS RESIDENTS TO CHOOSE AND USE WHAT IS APPROPRIATE TO THEIR SITUATION INCLUDING HOUSING, MEALS, HOUSEKEEPING, ACTIVITIES AND HEALTH CARE SERVICES INCLUDING FITNESS AND WELLNESS PROGRAMS, PERSONAL CARE, MEMORY SUPPORT CARE, NURSING CARE AND THERAPY SERVICES. THE ORGANIZATION ALSO OFFERS A PROGRAM OF SERVICES TO COMMUNITY MEMBERS IN THEIR HOME. (SEE SCHEDULE O)- HEALTH CENTER SERVICES PROVIDED 9,904 DAYS OF CARE FOR PATIENTS WITH CHRONIC AND CONVALESCENT MEDICAL NEEDS. -ASSISTED LIVING SERVICES RESPONDED TO OVER 600 RESIDENT EMERGENCY CALLS AND PROVIDED VARIOUS LEVELS OF ASSISTED LIVING SERVICES TO APPROXIMATELY 58 RESIDENTS ON A REGULAR BASIS. -WELLNESS SERVICES PROVIDED SERVICES FOR OVER 1,150 RESIDENT VISITS IN THE WELLNESS CLINIC, WELLNESS SEMINARS WERE OFFERED TO RESIDENTS AND STAFF ON A REGULAR BASIS. -HOUSEKEEPING & LAUNDRY SERVICES WEEKLY CLEANING AND LAUNDRY SERVICES PROVIDED TO AN AVERAGE OF 221 INDEPENDENT LIVING AND 54 MEMORY LIVING UNITS AND DAILY CLEANING AND LAUNDRY SERVICES TO AN AVERAGE OF 27 SKILLED NURSING RESIDENTS. DIETARY SERVICES SERVED OVER 176,000 MEALS TO RESIDENTS AND THEIR GUESTS. TRANSPORTATION SERVICES- THE PASSENGER BUS ANNUALLY PROVIDES OVER 1,400 RUNS FOR APPROXIMATELY 3,000 RESIDENT PASSENGERS AND THE HANDICAPPED VAN PROVIDED OVER 300 RUNS FOR APPROXIMATELY 1,300 RESIDENT PASSENGERS WITH ADDITIONAL RUNS FOR RESIDENT IN OTHER TRANSPORTATION FOR THE PURPOSES OF MEDICAL AND PERSONAL APPOINTMENTS, SHOPPING, AND ENTERTAINMENT. USE OF THE FACILITY BY OUTSIDE GROUPS WAS SUSPENDED DURING THE COVID-19 PUBLIC HEALTH CRISIS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $36,342,506 | $30,252,227 | +0.2% |
| Expenses | $39,194,640 | $32,522,540 | +0.2% |
| Net Income | $-2,852,134 | $-2,270,313 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL RAMBAROSE | PRESIDENT & CEO | 40.00 |
Officer
Director
|
$373,087 | $72,746 | $445,833 |
| KENETH SANDBERG | COO | 40.00 |
Highest
|
$167,755 | $69,599 | $237,354 |
| MARGARET JOYCE | ADMINISTRATOR | 40.00 |
Highest
|
$175,395 | $59,677 | $235,072 |
| JEFF DEVANEY | CFO | 40.00 |
Officer
|
$177,921 | $51,999 | $229,920 |
| SEAN O'CONNOR | VP, MARKETING | 40.00 |
Highest
|
$193,328 | $32,235 | $225,563 |
| MICHELLE PANDOLFI | VP, ENRICHMENT | 40.00 |
Highest
|
$165,334 | $39,688 | $205,022 |
| RAFAEL AVILA | VP, TECHNOLOGY | 40.00 |
Highest
|
$147,240 | $22,958 | $170,198 |
| DAVID VOGEL | CHAIR AS OF 9/28/23 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SANDRA BULMER | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY SANTORE | TREASURER THRU 9/28/23 / DIR. | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STACEY CURRAN | TREASURER AS OF 9/28/23 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NYLE DAVEY | SECRETARY THRU 9/28/23 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN KMETZO | DIR./SECRETARY AS OF 9/28/23 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT SIMIONE | IMMEDIATE PAST CHAIR AS OF 9/28/23 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PERRY AYCOCK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LYNNE HAWKINKS | PRESIDENT, RESIDENTS' COUNCIL | 1.00 |
Director
|
$0 | $0 | $0 |
| JANET HENRICH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE JERVIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DALE KROOP | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL ROBBINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $36,342,506 | $39,194,640 | $122,659,856 | $-2,852,134 |
| 2022 | $30,252,227 | $32,522,540 | $124,590,859 | $-2,270,313 |
| 2021 | $31,737,893 | $31,224,509 | $108,082,028 | $513,384 |
| 2020 | $29,852,994 | $30,134,606 | $108,926,322 | $-281,612 |
| 2019 | $29,811,727 | $34,188,347 | $107,889,473 | $-4,376,620 |
| 2018 | $28,795,392 | $30,553,880 | $103,124,819 | $-1,758,488 |
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