View
1.216
Download
0
Category
Tags:
Preview:
Citation preview
MasonicareBoard of Trustees 2012-13
Howard W. OrrChairman
Francis X. ConlonVice Chairman
J. Arthur CarbonaroSecretary
Robert A. SimonTreasurer
Gary W. ArseneauJanet S. Berry
Sherwin M. Borsuk, MDDonald W. Dean
William R. DeicklerDavid A. Gessert
Geoffrey L. IceSimon R. LaPlace
Barbara F. LottThomas M. Maxwell, III
Ronald A. ThomasStephen B. McPherson
President and Chief Executive OfficerJennifer A. King
Assistant SecretaryScott Thelen
Assistant Treasurer
EmeritiFrank W. Carmon, IIILeonard F. D’Amico
Carleton V. EricksonKenneth B. Hawkins, Sr.
David P. HockingThomas C. Hofstetter
A. Norman JohnsonCharles C. MaxsonDuane G. Roberts
We have good news to report on many fronts. Throughout our continuum, we have a healthy census and many exciting initiatives underway. We have received over $1 million from Medicare for our early migration to “meaningful use,” which is an electronic medical recordkeeping protocol, and $75,000 from CHEFA for a much-needed wireless upgrade at our Newtown facility. We are hopeful of receiving additional grant money to fund health reform-based opportunities such as case management/patient navigator and community education.
Financially, the good news continued with nearly $173 million in total revenue this fiscal year, which is almost $4 million more than in 2011, and our non-operating income improved by $1 million. Net assets increased by $24 million to $130.3 million, mainly due to positive investment activity. Our most recent patient and resident surveys have been excellent. Along those lines we were voted “Best Assisted Living” by readers of the New Haven Advocate in the spring, and a few months later received the same designation from the Connecticut Law Tribune. And, just as the fiscal year was wrapping up, we received word that Connecticut magazine had selected Masonicare as one of twenty “Best Places to Work” in the state.
But for all the good news, there remain the very sobering events that took place at the end of the calendar year. First, Superstorm Sandy hit, leaving significant coastal damage and hundreds of thousands of utility customers without electricity. Fifty-two nursing homes in the state were operating under generator power. At our Health Center in Wallingford — where we have over 400 beds — our employees came through with flying colors, arriving early and prepared to stay as long as necessary. In Newtown, for the third time in 15 months, we welcomed townspeople to come in and take hot showers. And in our Norwalk home health office, the hospice team went to extraordinary lengths to make sure their patients had shelter, supplies and the support they needed.
And then, the unimaginable tragedy of December 14. Sandy Hook Elementary School is located a few miles from our Newtown campus, where we employ over 300 people. The outpouring of support and concern from every level of our organization has been tremendous. We are very proud and grateful to all of our employees for their compassion and leadership throughout this difficult time. We continue praying for the families, school staff and first responders as they do their best to go on. Looking ahead, we know Connecticut has a serious budget crisis. We expect to feel the impact in some way — what that will be, we don’t know right now. With two-thirds of our long-term care revenue coming from Medicaid, the potential effect is very concerning. We continue to advocate that both the state and federal governments do everything possible to ensure that frail seniors who need high quality nursing home and at-home care continue to receive it. Thank you for your continued support of Masonicare and our mission.
Masonicare at Ashlar VillageBoard of Directors
2012-2013
David A. GessertChairman
Carol E. MemmottVice Chairman
Scott T. SherrickSecretary
John AmariliosTreasurer
Robert BatesGeorgia C. Erickson
Jeff FlynnEloise Hazelwood
Robert LisenkoBarbara F. Lott
Chester R. MillerMarshall K. Robinson
Jon-Paul Venoit Stephen B. McPherson
President and Chief Executive OfficerAssistant Secretary
Scott ThelenAssistant Treasurer
Emeritus
Charles C. Maxson
Masonicare at NewtownBoards of Directors
2012-2013
Robert A. SimonChairman
William R. DeicklerVice ChairmanMark D. Winne
SecretaryStephen P. Shapiro
TreasurerSherwin M. Borsuk, MD
Paul L. ChelloAlbert H. Cheng
John R. HallWilliam Morrow
Theodore J. NelsonHoward W. Orr
Gwen M. RochetteRichard Ruggiano
Anthony SimariJohn Sweeney
Stephen B. McPhersonPresident and Chief Executive Officer
Jon-Paul VenoitAssistant Secretary
Scott ThelenAssistant Treasurer
Emeritus
Harmon Andrews
The financial summary is presented on a consolidated basis to include Masonicare at Newtown, Masonicare at Ashlar Village, Masonicare Home Health & Hospice, Corporate Services, Masonicare Health Center, Masonic Management Services and The Masonic Charity Foundation of Connecticut. A complete copy of the audited consolidated financial statement is available upon request.
2012 Financial Performance
In 2012, Masonicare reported total revenues of $172.8 million. This is a $3.8 million increase from the 2011 reported total revenues of $169.0 million.
Operating costs of $175.3 million were $6.6 million higher than the previous year, and non-operating income improved by $1.0 million. This resulted in excess of revenues over expenses of $7.6 million as compared to $9.2 million in 2011.
At the same time, the company’s net assets increased to $130.3 million from $106.2 million, mainly due to positive investment activity.
Note: Certain items on the financial statements were required to be reclassed due to new GAAP requirements. For comparative purposes, these reclasses were made to both years.
Masonicare Home Health & HospiceBoard of Directors
2012-2013
Francis X. ConlonChairman
Steven AbatiVice ChairmanGeoffrey L. Ice
SecretaryNewton (Bud) Buckner
TreasurerFrancine A. BaileyBradley K. Cooney
Arthur W. Davies, MDArnold H. Freedman
Donald GladdingAlexander Jarvis
Susan KotyPatricia A. Sweet
Jon-Paul VenoitStephen B. McPherson
President and Chief Executive OfficerAssistant Secretary
Scott ThelenAssistant Treasurer
Emeriti
Frank C. Collins, Jr.Carleton V. EricksonMartha A. Partridge
Masonicare Partners
Home Health & HospiceBoard Directors 2012-2013
Kathleen Roche
ChairmanJon-Paul VenoitVice Chairman
Cynthia GibbonsSecretary
David BittnerTreasurer
Carolyn ReidJennifer Rich
Rolf Knoll, MD (alt.)Stephen B. McPherson (alt.)
President and Chief Executive Officer
Financial Statement continued:
Masonicare Health CenterBoard of Directors
2012-2013
Robert A. SimonChairman
William R. DeicklerVice ChairmanMark D. Winne
SecretaryStephen P. Shapiro
TreasurerSherwin M. Borsuk, MD
Paul L. ChelloAlbert H. Cheng
Michael B. DodgeJohn R. Hall
William MorrowHoward W. Orr
Gwen M. RochetteRichard Ruggiano
Melinda SchoenAnthony Simari
Stephen B. McPhersonPresident and Chief Executive Officer
Assistant SecretaryScott Thelen
Assistant Treasurer
Financial Statement continued:
During fiscal year 2012, the fundraising efforts of The Masonic Charity Foundation of Connecticut secured $4,601,589 in support of the programs and services of Masonicare and its affiliates. Between October 1, 2011 and September 30, 2012, unrestricted contributions totaling $3,900,890 were received, as well as $700,699 in restricted gifts. These gifts came in many forms, including bequests, charitable gift annuities and trust distributions, as well as donations to the Masonicare Annual Appeal and to The Foundation’s special events. Of particular significance was the very generous gift of $355,000 from The Eastern Star Charity Foundation of Connecticut, Inc.
The Masonic CharityFoundation of Connecticut
Board of Directors 2012-2013
J. Arthur CarbonaroChairman
Robert F. Polito, Jr.Vice Chairman
Martin L. RudnickSecretary
Lyman J. McWainTreasurer
Steven AllinsonJanet S. Berry
Donald W. DeanChristopher J. Earle
William L. GreeneSidney Hardee
Jennifer A. KingThomas KnowltonBonnie S. McWain
Randy StevensGregory J. Wentworth
Gregory K. WhitehouseStephen B. McPherson
President and Chief Executive OfficerAssistant Secretary
Scott ThelenAssistant Treasurer
EmeritiCarleton V. EricksonA. Norman Johnson
Gail N. Smith
Masonic Management Services(Masonicare Behavioral Health and
Masonicare Primary Care Physicians)
Barbara F. LottChairman
Howard W. OrrVice Chairman
Joseph M. Tobin, Jr.Secretary
Gregory J. WentworthTreasurer
Stephen B. McPhersonPresident and Chief Executive Officer
Steven Angelo, MDVice President, Medical Affairs
Scott ThelenAssistant Treasurer
Recommended