The following corrections should be noted. Edits to the accessible PDF will be posted when available.
Corrections:
Page 4 – “Fillarreal” should be Villarreal.
Page 25 – Villarreal missing a “r”.
Page 18:
LATHROP — In 2023, the Lathrop Community celebrated 35 years of operation since our incorporation in 1988. Our 35th year was a successful one. The occupancy rate was 98% resulting in occupancy revenue exceeding our budget by more than $500,000. The operating margin was 16% for the year versus the budgeted operating margin of 6%. Cash doubled from $1.1 million to $2.2 million. At the same time, we paid off close to $370,000 of long-term debt leaving us with a total bank debt balance of $1.1 million at the end of 2023. Days cash on hand exceeded the goal of 150; we ended the year with 201 days cash on hand.
We continue to make improvements to our campus and our processes. We welcomed a new Chief Executive Officer, Patrick Arguin, in November. Three new staff positions were created to add efficiency: a business manager for the finance department, a wellness coordinator who can incorporate her Occupational Therapy skills, and a development officer to work on fundraising opportunities. Facilities upgrades included a new roof for the Northampton Meetinghouse, a new efficient HVAC system for the Inn, environmentally friendly LED streetlights through the Easthampton campus, and a new 14-passenger van for outings. —Holly Smith-Bové, Chief Financial Officer
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THE KENDAL CORPORATION (as of June 2024)
Jonathan Alessandrini, IT Security Engineer
Stephen G. Bailey, Chief Strategy Officer
Crystal Baker, Controller
Howard Braxton, Senior Vice President, Marketing, Communications & Sales Jessica Buhler, Director, Communications & Public Relations
Ben Butler, Vice President, Development & Special Projects
Vassar Byrd, CEO
Cara Cassner, Director, Marketing
Imad Chehab, Assistant Director, Information Technology Kim Dunn, Director, Talent & Employee Engagement
Jason Eldridge, Business Systems Analyst
Amy Harrison, Chief Financial Officer
Doug Helman, Transition Operations Specialist
Kimberly Hill, Office Administrator
Marquis Hynson, Marketing Specialist
Jennifer Karsten, Governance Advisor
Diane Massey, Director, Outreach & Engagement
Carlos Menendez, Assistant Director, Information Technology
Pam Moriarity, Executive Assistant
Kurt Rahner, Vice President, Information Technology
Angela Rafine, Senior Human Resources Generalist
Christian Ramsey, Director, Operations
Dan Rock, Director, Procurement
Janet Ruggieri, Financial Analyst