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Nonprofiteer
← DAY KIMBALL HEALTHCARE INC

Form 990 for tax year 2024

Filed by DAY KIMBALL HEALTHCARE INC.

Totals

Total revenue
$136,549,242
Total expenses
$140,229,765
Contributions and grants received
$8,584,423
Grants paid
$115,940
Program service revenue
$126,700,920
Investment income
$1,220,615
Other revenue
$43,284
Total assets, end of year
$70,003,791
Total liabilities, end of year
$97,333,509
Net assets or fund balances, end of year
-$27,329,718
Program services expenses (Part IX)
$130,317,109
Management and general expenses
$9,912,656
Fundraising expenses
$0
Program service expenses (Part III)
$130,317,109

Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $950,000

  • 1e · Government grants (contributions)

    $7,586,887

  • 1f · All other contributions, gifts and grants

    $47,536

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $117,875,827 · related or exempt $117,875,827

  • 2b · Program service revenue: MEDICAID SUPPLEMENTAL PAYMENTS

    total $4,321,578 · related or exempt $4,321,578

  • 2c · Program service revenue: SMALL HOSPITAL POOL REVENUE

    total $3,447,316 · related or exempt $3,447,316

  • 2d · Program service revenue: CAFETERIA

    total $564,671 · related or exempt $564,671

  • 2e · Program service revenue: AFFILIATED ORGANIZATION RENT

    total $315,300 · related or exempt $315,300

  • 2f · All other program service revenue

    total $176,228 · related or exempt $176,228 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $437,472 · excluded $437,472

  • 6a · Gross rents

    real property $222,262

  • 6b · Less rental expenses

    real property $178,978

  • 6c · Rental income or loss

    real property $43,284 · personal property $0

  • 6d · Net rental income or loss

    total $43,284 · excluded $43,284

  • 7a · Gross sales of assets other than inventory

    securities $5,228,841 · other assets $409,802

  • 7b · Less cost or other basis and sales expenses

    securities $4,854,782 · other assets $718

  • 7c · Gain or loss

    securities $374,059 · other assets $409,084

  • 7d · Net gain or loss

    total $783,143 · excluded $783,143

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,940 · program services $115,940

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $801,481 · program services $366,618 · management and general $434,863

  • 7 · Other salaries and wages

    total $48,717,991 · program services $44,416,827 · management and general $4,301,164

  • 8 · Pension plan contributions

    total $690,739 · program services $623,782 · management and general $66,957

  • 9 · Other employee benefits

    total $6,952,966 · program services $6,285,264 · management and general $667,702

  • 10 · Payroll taxes

    total $3,685,061 · program services $3,331,972 · management and general $353,089

  • 11b · Fees: legal

    total $773,854 · management and general $773,854

  • 11c · Fees: accounting

    total $240,594 · management and general $240,594

  • 11d · Fees: lobbying

    total $70,121 · management and general $70,121

  • 11f · Fees: investment management

    total $49,094 · management and general $49,094

  • 11g · Fees: other

    total $21,193,080 · program services $20,397,570 · management and general $795,510 · fundraising $0

  • 12 · Advertising and promotion

    total $126,605 · program services $114,474 · management and general $12,131

  • 13 · Office expenses

    total $3,327,621 · program services $3,008,782 · management and general $318,839

  • 14 · Information technology

    total $4,271,269 · program services $3,862,012 · management and general $409,257

  • 16 · Occupancy

    total $2,552,084 · program services $2,307,553 · management and general $244,531

  • 17 · Travel

    total $211,492 · program services $191,228 · management and general $20,264

  • 19 · Conferences, conventions and meetings

    total $3,264 · program services $2,951 · management and general $313

  • 20 · Interest

    total $1,802,436 · program services $1,629,733 · management and general $172,703

  • 22 · Depreciation, depletion and amortization

    total $4,672,141 · program services $4,224,474 · management and general $447,667

  • 23 · Insurance

    total $2,978,637 · program services $2,693,235 · management and general $285,402

  • 24a · Other expenses: MEDICAL SUPPLIES & DRUGS

    total $19,652,378 · program services $19,652,378

  • 24b · Other expenses: PROVIDER TAX

    total $14,864,316 · program services $14,864,316

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $1,080,212 · program services $976,710 · management and general $103,502

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $976,614 · program services $883,039 · management and general $93,575

  • 24e · All other expenses

    total $419,775 · program services $368,251 · management and general $51,524 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,893,868 · end of year $5,836,868

  • 4 · Accounts receivable

    beginning of year $15,031,731 · end of year $14,922,727

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $3,423,550 · end of year $3,439,147

  • 9 · Prepaid expenses and deferred charges

    beginning of year $509,395 · end of year $784,992

  • 10a · Land, buildings and equipment: cost or other basis

    $147,526,604

  • 10b · Land, buildings and equipment: accumulated depreciation

    $114,395,708

  • 10c · Land, buildings and equipment, net

    beginning of year $36,643,625 · end of year $33,130,896

  • 12 · Investments: other securities

    beginning of year $10,675,134 · end of year $9,739,672

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $32,803 · end of year $33,560

  • 15 · Other assets

    beginning of year $4,741,094 · end of year $2,115,929

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,070,068 · end of year $70,151,474

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,105,172 · end of year $12,552,323

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $10,852,434 · end of year $9,484,374

  • 24 · Unsecured notes and loans payable

    beginning of year $212,518 · end of year $141,318

  • 25 · Other liabilities

    beginning of year $7,001,706 · end of year $5,004,020

  • 27 · Net assets without donor restrictions

    beginning of year -$18,206,583 · end of year -$34,509,503

  • 28 · Net assets with donor restrictions

    beginning of year $6,915,885 · end of year $7,179,785

Mission and programs · 2024

Mission

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

Activities or mission (Part I)

DKH IS A SHORT-TERM GENERAL CARE HOSPITAL PROVIDING COMPREHENSIVE HEALTHCARE SERVICES TO NORTHEASTERN CT AND BORDER COMMUNITIES IN MA AND RI.

  • 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.

    Expenses $120,652,821 · Grants $115,940 · Revenue $117,304,808

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

    Expenses $9,664,288 · Revenue $9,396,112

As filed on the 2024 return.

Listed in Part VII

  • Edwin Higgins

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jay Cyr

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Kathy Rocha

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kyle Kramer

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    40 + 2 related

  • Peter Deary

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Richard Wilcon MD

    PRESIDENT / MEDICAL STAFF

    Total calculated
    $636,199
    From this org
    $32,248
    From related orgs
    $572,825
    Other
    $31,126
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $32,248 + $461,050 related
    Bonus
    $0 + $110,775 related
    Other
    $0 + $1,000 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $20,776 related
    Filer's total
    $32,248 + $603,951 related

  • Anne Lamondy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Zahansky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Rawson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristen Xeller MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Desaulnier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Baum MD

    DIRECTOR

    Total calculated
    $303,827
    From this org
    $0
    From related orgs
    $275,148
    Other
    $28,679
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,422 related
    Bonus
    $0 + $64,726 related
    Other
    $0
    Deferred
    $0 + $8,194 related
    Nontaxable benefits
    $0 + $20,485 related
    Filer's total
    $0 + $303,827 related

  • Nancy Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Matty MD

    DIRECTOR

    Total calculated
    $293,724
    From this org
    $13,000
    From related orgs
    $253,585
    Other
    $27,139
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $13,000 + $253,585 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,530 related
    Nontaxable benefits
    $0 + $19,609 related
    Filer's total
    $13,000 + $280,724 related

  • Paul Sweet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Schiff MD

    DIRECTOR

    Total calculated
    $458,662
    From this org
    $13,000
    From related orgs
    $414,334
    Other
    $31,328
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $13,000 + $414,334 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $20,978 related
    Filer's total
    $13,000 + $445,662 related

  • Steven Wexler MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul A Beaudoin

    CHIEF FINANCIAL OFFICER

    Total calculated
    $434,863
    From this org
    $434,311
    From related orgs
    $0
    Other
    $552
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $426,196
    Bonus
    $0
    Other
    $8,115
    Deferred
    $0
    Nontaxable benefits
    $552
    Filer's total
    $434,863

  • John O'Keefe

    CNO

    Total calculated
    $308,370
    From this org
    $279,490
    From related orgs
    $0
    Other
    $28,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,490
    Bonus
    $0
    Other
    $0
    Deferred
    $8,069
    Nontaxable benefits
    $20,811
    Filer's total
    $308,370

  • Alejandro Carvajal

    PHYSICIAN

    Total calculated
    $526,513
    From this org
    $506,444
    From related orgs
    $0
    Other
    $20,069
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $415,225
    Bonus
    $91,219
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $9,719
    Filer's total
    $526,513

  • Alexandre Carre

    PHYSICIAN

    Total calculated
    $361,036
    From this org
    $360,645
    From related orgs
    $0
    Other
    $391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,145
    Bonus
    $7,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $391
    Filer's total
    $361,036

  • Cheryl Petrarca

    EXECUTIVE DIRECTOR OF PATIENT CARE

    Total calculated
    $204,982
    From this org
    $198,459
    From related orgs
    $0
    Other
    $6,523
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,459
    Bonus
    $0
    Other
    $0
    Deferred
    $5,824
    Nontaxable benefits
    $699
    Filer's total
    $204,982

  • John Modica

    PHYSICIAN

    Total calculated
    $333,286
    From this org
    $314,423
    From related orgs
    $0
    Other
    $18,863
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,423
    Bonus
    $0
    Other
    $0
    Deferred
    $9,384
    Nontaxable benefits
    $9,479
    Filer's total
    $333,286

  • Vanessa Brown

    VP, MED AFFAIRS

    Total calculated
    $293,543
    From this org
    $281,521
    From related orgs
    $0
    Other
    $12,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,521
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,022
    Filer's total
    $293,543

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE
HOUSING ALLOWANCE IS PROVIDED FOR THE CONTRACTED PRESIDENT AND CEO, KYLE KRAMER AS PART OF HIS COMPENSATION WITH THE MANAGEMENT COMPANY.
SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS
THERE ARE PROVIDERS THAT RECEIVE A BONUS WHICH ARE ALL BASED ON PRODUCTIVITY AND ARE CALCULATED OFF OF THEIR WRVUS FOR THE CONTRACT PERIOD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PHYSICIAN SERVICES OF NORTHEAST CT

    PHYSICIAN SERVICES · CT · income $0 · assets $0

    Directly controlled by DAY KIMBALL HEALTHCARE INC

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.1
Source object
202632259349300043

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