Day Kimball Healthcare Inc
- Assets
- $92.1m
- Revenue
- $110.0m
- Investments
- $17.9m
- Employees
- 1,044
- Location
- Putnam, CT
- Founding
- 07/1937
- Data as of
- 09/2020
- EIN
- 06-0646599
Organization Overview
Day Kimball Healthcare Inc, operating under the name Day Kimball Hospital, is located in Putnam, CT. The organization was established in 1937. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Day Kimball Hospital employed 1,044 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Day Kimball Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Day Kimball Hospital generated $110.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $113.6m during the year ending 09/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
DKH IS A SHORT-TERM GENERAL CARE HOSPITAL PROVIDING COMPREHENSIVE HEALTHCARE SERVICES TO NORTHEASTERN CT AND BORDER COMMUNITIES IN MA AND RI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 AREA 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.
PHYSICIAN OFFICE PROVIDING PRIMARY CARE AND OUTPATIENT VISITS TO NORTHEASTERN CONNECTICUT COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Pisc Physician | Officer | 40 | $536,347 |
Paul Beaudoin CFO | Officer | 40 | $468,860 |
Alexandre Carre Physician | Officer | 40 | $374,451 |
John Graham Chief Med Officer End 09/21 | Officer | 40 | $304,569 |
Joseph Adiletta Interim President | Officer | 40 | $213,569 |
John Modica Physician | Officer | 40 | $211,780 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Operations Nutritional | 9/29/21 | $1,692,267 |
Weathryby Locums Inc Staffing | 9/29/21 | $1,098,491 |
North American Partners In Anesthes Mgmt Services | 9/29/21 | $1,043,379 |
Alliance Healthcare Svcs Mgmt Service | 9/29/21 | $899,362 |
Business Systems Incentives Business Srvcs | 9/29/21 | $696,766 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,874,663 |
| Investment income | $514,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,300 |
| Net Gain/Loss on Asset Sales | -$13,016 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,975,454 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,810,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,029,942 |
| Pension plan accruals and contributions | $950,608 |
| Other employee benefits | $5,324,777 |
| Payroll taxes | $3,388,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,217,406 |
| Fees for services: Accounting | $151,293 |
| Fees for services: Lobbying | $50,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $88,251 |
| Fees for services: Other | $13,252,069 |
| Advertising and promotion | $316,563 |
| Office expenses | $4,218,223 |
| Information technology | $3,582,554 |
| Royalties | $0 |
| Occupancy | $2,257,822 |
| Travel | $167,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,992 |
| Interest | $2,082,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,307,350 |
| Insurance | $4,212,312 |
| All other expenses | $0 |
| Total functional expenses | $113,599,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,104,316 |
| Pledges and grants receivable | $124,777 |
| Accounts receivable, net | $12,380,738 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,935,957 |
| Prepaid expenses and deferred charges | $152,192 |
| Investments—publicly traded securities | $556,263 |
| Investments—other securities | $17,914,022 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,955,223 |
| Total assets | $92,107,218 |
| Accounts payable and accrued expenses | $30,055,670 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $19,523,889 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,406,337 |
| Unsecured mortgages and notes payable | $11,157 |
| Other liabilities | $68,882,002 |
| Total liabilities | $127,879,055 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$35,771,837 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Day Kimball Healthcare Inc has recieved totaling $35,639.
| Awarding Organization | Amount |
|---|---|
Francis W Starkweather Tr Ua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $34,639 |
Hometown Bank Community Foundation Inc Oxford, MA PURPOSE: EXEMPT PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $11,737,989 |
| Earnings | $2,076,148 |
| Admin Expense | $80,373 |
| Other Expense | $430,000 |
| Ending Balance | $13,303,764 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |