Day Kimball Medical Group Inc

Nonprofit profile at a glance

EIN
454077626
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Putnam, CT, USA
Phone
8609286541
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Health Practice (Health Maintenance Organizations)

Official website

Reported finances

Revenue
$21,504,068
Expenses
$34,924,579
Assets
$3,045,653
Liabilities
$5,627,981

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • KYLE KRAMER (TREASURER / CHIEF EXECUTIVE OFFICER)
  • PETER DEARY (PRESIDENT)
  • RICHARD WILCON MD (VICE PRESIDENT)

Highest reported compensation

  • RICHARD SOUCIER (PHYSICIAN): $683,542 total reported compensation
  • RICHARD WILCON MD (VICE PRESIDENT): $636,199 total reported compensation
  • CARLOS MORALES (PHYSICIAN): $603,702 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide physician services to individuals in need of medical care, including preventative care, regardless of ability to pay.

What it reported doing in 2024

Day kimball medical group together with day kimball healthcare, inc. Provides a comprehensive, integrated healthcare network offering primary care and outpatient visits as well as 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. Practice areas represented by physicians of the medical group encompass: -pediatrics -internal medicine -family medicine -dermatology -diabetes management -general surgery -infectious disease -ob/gyn -pulmonary disease

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 70
  • Accountability: 59
  • Sustainability: 2
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 78.3%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 28.6%; rating input score 29; 7th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -62.4%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 1.85; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 14.3%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 1.7% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 0.2% per year; rating input score 100; 9th percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 78.3% of spending went to programs
  • Governance: 2 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $27.4M in reported program spending
  • Leadership: top reported pay $684K · 14 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 29/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.