Dear Friends: Most sincerely, Harry T. Rein Chairman, Waveny Care Network

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2 Dear Friends: As the chairman of Waveny Care Network s Board of Directors, I would like to take this opportunity to extend my gratitude for your ongoing support. In a year once again marked by fundraising shortcomings for most non-profits across the nation, I am both proud and honored to report that Waveny Care Network not only persevered, but thrived in This year has been yet another testament to Waveny s achievement and success, progress, vigor and potential. In December 2009, our Board of Directors proudly adopted a new Mission, Vision and Values statement to help chart Waveny s course in the coming years. Governed by the tenets of quality, excellence, collaboration, staff, responsibility and community, we believe this statement to wholly reflect Waveny s organizational outlook and the mission we seek to deliver upon. To better acquaint you with these values and the concepts we believe them to embody, you will find them throughout the pages of this year s annual report. I believe they will resonate as strongly with you and your personal vision of our mission as they do with our Board, staff and volunteers. Also new for this year was the creation of an Advisory Council a special consultative body comprised exclusively of former Waveny chairs. From this year forward, all past chairs will be named lifetime Advisory Council members. This new council reflects our belief in and respect for our predecessors experience, wisdom and leadership. Moreover, it represents due recognition that their distinct level of service has imbued each past chair with a unique and intimate knowledge of our organization and the greater New Canaan community. Committed to anticipating and addressing the eldercare needs of our community and preserving its generational blend, a major focus over the past year has been an ongoing discussion regarding the creation of a Continuing Care Retirement Community (CCRC). We are delighted that this subject has captured public interest and evolved into a structured evaluation of New Canaan s ability to thrive now and in the future as a sustainable Optimal Livable Community. We are grateful for the combined thinking of all members of the Senior Health Care and Housing Policy Team appointed to tackle this task, led by Jim Lischer. I encourage you to reference their comprehensive Senior Trends, Insights & Options Phase I report on the Town s website. Finally, on behalf of the Waveny Care Network staff and Board members, I want to thank you all again for another great year. We appreciate and value your support, and promise to continue to deliver the quality of care and service you expect from us. Most sincerely, 1 Harry T. Rein Chairman, Waveny Care Network

3 Back in January when we met for the first time to discuss the Swinging for Seniors event for 2009, some assumed it would be a challenge due to the struggling economy but apparently our planning committee wasn t willing to give that notion a second thought. Thanks to their skill, eagerness, optimism and persistence, the event exceeded all expectations for participants, players, raffles item, volunteers and sponsors. We are proud to report that our seventh annual Swinging for Seniors golf and tennis fundraising event raised over $130,000. As always, 100% of event proceeds are directed to Waveny s financial assistance program, which provides financial support to patients and residents who cannot afford the full cost of their care at Waveny Care Center, The Village and New Canaan Inn. With deep appreciation, we thank our golf co-chairs Judy Bentley and Charlie Parker, tennis co-chairs Suzie Binch, Carrie Deane Corcoran and Alice Parker, and our dedicated raffle coordinator Julianne Grace. Year after year, we are indebted to our exceptional Swinging for Seniors event volunteers for helping to make the day a monumental success. We also extend a heartfelt thank you to all our sponsors. Our leading sponsors were: Gold Sponsors The Maples Inn Bourgeon Capital Management Barbara and John Burns Louise B. Goodridge Knight Libertas Alice and Charlie Parker Susan and Harry Rein Bronze Sponsors A. P. Construction Dede and Jim Bartlett Kathie and George Moore New Canaan Alarm Co. Thompson & Peck Insurance Tennis Sponsor Robinson and Cole Silver Sponsors Murtha Cullina LLP Jeanie and Jeffrey Shaw Kurt Wolfgruber Awards Sponsors OmniCare Hole-in-One Sponsor Karl Chevrolet Hummer Stronghold Insurance We are particularly grateful to the numerous companies and individuals who donated products and services as raffle prizes, collectively valued at more than $13,000. And we give special thanks, as always, to the staff at the Country Club of New Canaan for their outstanding assistance and professionalism. 2

4 Waveny is proud to thank and honor our donors for their ongoing devotion to our organization at our annual donor recognition reception. Contributor support allows us to realize our mission in countless ways. At this year s event, we recognized the bountiful contributions made by Louise B. Goodridge and the New Canaan Sewing Group. We also acknowledged the generous bequests of Josephine Clara Simon and Anita F. Houston. Nurturing our organization since its inception with her unique spirit of generosity and goodwill, it was our great privilege to honor our dear friend Louise Goodridge. Louise s generous support of Waveny has been consistently mirrored by her dedicated service to us since Among Waveny s very first corp of volunteers and maintaining that devotion for over three decades, her service includes beautifying our grounds, serving meals and tea, and active participation on both our Development and Swinging for Seniors Committees. Louise s donor support and volunteerism at Waveny is rooted in a broad history of community involvement. A New Canaan resident since the age of three, she has been an active member of New Canaan s Garden Club since its creation, has run the gift shop at New Canaan Nature Center and served on its Board of Directors, helps to manage St. Mark s bookstore, and proudly presides as president of her condominium association. waveny care network new canaan, connecticut We also gave our sincerest thanks for the ongoing support and countless hours of service that Waveny has received from the New Canaan Sewing Group. Since the 1970s, the group has collaborated regularly with our Therapeutic Recreation department to share their craft with patients and residents through one-on-one visits, arts and crafts projects and activities designed to promote physical dexterity. Over the years, the Group has raised more than 1.25 million dollars for charity, which has been distributed among 78 different health and social service agencies each serving the greater New Canaan area. Waveny is most grateful to have been included among those recipients every year, in addition to having received support through annual grants for well over a decade. donor recognition WAVENY CARE NETWORK : DONOR RECOGNITION 2009 STARRING LOUISE B. GOODRIDGE ALSO AND NEW CANAAN SEWING GROUP FEATURING ANITA F. HOUSTON /JOSEPHINE CLARA SIMON ^THE STUDIO OCTOBER 22, We were delighted to have the opportunity to posthumously thank Josephine Clara Simon for her generous bequest to New Canaan Inn. Her gift is a touching tribute to the care we deliver and a testament to her belief in our mission to provide a comprehensive continuum of care to those we serve. For seven years, New Canaan Inn was Clara s warm, welcoming home, which she believed enabled her to age in place within the community she so dearly loved. In addition, we were privileged to posthumously honor Anita Houston for her generous bequest to Waveny Care Network. She viewed Waveny s continuum of care as the epitome of community, and applauded our devoted, caring staff. Giving back to her community was a paramount priority to Anita, and Waveny is deeply grateful to have received such a spectacular gesture of her respect and adoration. We are deeply grateful to both honorees and those celebrated posthumously. It is our honor to celebrate their generosity and good works, which have allowed our organization to evolve into a world-class continuum of care.

5 Waveny continues to provide the most therapeutic surroundings to those we serve thanks to the support of our loyal donors. Seeking to better our organization as a whole by strengthening its foundation, our most recent Annual Appeal represented the second installment in a succession of efforts geared toward achieving a comprehensive refurbishment for Waveny Care Center. Monies raised through this year s annual fund were used to continue and help complete an initiative to fortify and update our cherished skilled nursing and rehabilitation facility, which has served the greater New Canaan community since In spite of continued economically-challenging times, our loyal and growing family of donors has responded to this effort with overwhelming generosity. More than $303,000 was raised and used to launch, continue or complete key Care Center projects. Thanks to 2009 contributions, we are delighted to report that completed renovations include: Newly installed ceiling and lighting systems on both the first and second floors A full refurbishment of our two nourishment rooms, staff restroom and utility rooms Total reconstruction of the first floor nursing station s structure, flooring and furniture. Only through your support are we able to continually maintain a physical environment that reflects our mission to provide the highest quality of care to those we serve. We are most grateful to all our Annual Appeal donors for sustaining our proud position on the cutting-edge of innovative, functional and therapeutic design. 4

6 Grants to Waveny have contributed to the success of every major project we ve undertaken and have helped us to achieve the lofty goals we set on behalf of all WHOM we serve. We are indebted to several organizations that awarded significant grants to Waveny in The Bank of America Foundation awarded a generous grant to help continue funding of our Leading the Way Scholarship Fund, which allows patients in financial need continued access to the unique and innovative Bioness NESS H200 and L300 electrical stimulation systems used in our Stroke Rehabilitation Program. Connecticut Light & Power provided monies that helped enable us to fully fund the purchase, engineering and installation of a 250-killowatt generator for New Canaan Inn, our community for independent senior living. The Exchange Club of New Canaan Foundation provided monies used to purchase a state-of-the-art vital sign monitor for use in The Village at Waveny Care Center, our residence for people with Alzheimer s disease and other types of memory loss. The utilization of this monitor helps to improve our staff s daily work flow and free up time that can be better spent with residents. The Jeniam Foundation awarded us bountiful grants to purchase a state-of-the-art vital sign monitor for use in our Leading the Way in Patient Care program. These monitors help provide staff with more confidence in the accuracy of patient data, which can ultimately lead to increased productivity and better patient care. The monies also helped to purchase a new gently used truck used primarily for snow removal and spreading sand and salt at Waveny Care Center. Continuing to ensure the safety of all who depend on us while controlling expenses was at the heart of this request. Thanks to a generous grant funded by the New Canaan Community Foundation, six specially selected CNAs completed an eight-week training program designed to provide job enrichment, hone leadership skills and facilitate active participation in the growth and development of Waveny. Having completed the 16-hour course, each participant achieved the designation of Career Path CNA. Funds received through The Macauley Foundation were used to purchase two additional state-of-the-art vital sign monitors for use in The Village. The purchase and utilization of these monitors complement our Best Practices mindset and allow us to continue to lead the way by offering the most cutting-edge resources to our residents and those within our care. 5

7 The New Canaan Community Foundation provided funds, along with a pass-through grant from the Rein Family Fund, to support the purchase of a pick-up truck used primarily for snow removal and spreading sand and salt at Waveny Care Center. Continuing to ensure the safety of all who depend on us and maximizing the quality of our work while controlling expenses was at the heart of this request. The Foundation also provided monies via pass-through grants from The Jeniam Foundation to support our Certified Nursing Assistant Leadership Program designed to provide career advancement and enrichment opportunities within Waveny Care Network. Additionally, funds were used in a collaborative effort to support employee enrichment and training for all frontline caregiver staff at Waveny as well as for certified nurse assistants and home health aides from Nursing & Home Care. In an effort to continue providing the highest quality of care to the people we serve, a grant awarded by the New Canaan Sewing Group funded the purchase of a state-of-the-art vital sign monitor for use in The Village, our residence for people with Alzheimer s disease and other types of memory loss. The utilization of this monitor will help to improve the staff s daily work flow and free up time which can be spent delivering quality care. Continuing its annual funding of Waveny, the Southwestern Connecticut Agency on Aging, Inc. provided monies for a State-sponsored aide position to work with Adult Day participants with Alzheimer s disease. The WorkPlace, Inc. provided generous funding for the Management Team Training Program designed to support continued leadership development of Waveny s managers. This program and similar initiatives represent a series of efforts to foster positive culture change and improved interdepartmental communication. Monies were also used to train and certify our Infection Control Nurse in wound care to enable Waveny to have a certified wound care specialist on staff. We are extremely grateful to The Young Women s League of New Canaan for a grant to help cover the costs associated with the Women s Health and Wellness Program at New Canaan Inn. The Wellness Program s goal is to enhance and maintain the quality of life and the physical and mental health of women living at New Canaan Inn. 6

8 Connecticut Light & Power Co. Mrs. I. H. Houston Miss Josephine Clara Simon Mr. and Mrs. John J. Burns Jr. Allison G. Caesar Mr. and Mrs. James M. Clark Jr. Louise B. Goodridge The Jeniam Foundation John H. Muller Jr. New Canaan Community Foundation Mr. and Mrs. Eric P. Sheinberg The WorkPlace, Inc. Edward and Carol Glassmeyer Mr. Malcolm Goodridge Half Moon Foundation Hawthorne, Ackerly & Dorrance, LLC Susan and Carl Johnson Elise S. Lapham Robert and Dorothy Lear Angus and Leslie Littlejohn Bob and Leila Macauley Mr. and Mrs. Joseph W. Merrill Mrs. Stanley R. Miller Murtha Cullina LLP OdysseyRE Omnicare of Connecticut Robinson & Cole, LLP Mr. and Mrs. Lawrence J. Sapanski Bob and Sarah Seelert Swordspoint Foundation, Inc. Kane and Dick White Kurt J. Wolfgruber 1 st ANNUAL MIXED PADDLE TOURNAMENT Saturday, January 31, :00 p.m saw our first annual mixed-paddle tournament to heighten awareness and fundraising opportunities for the organization. The tournament, which included A and B flight-rounds, was held concurrently at both the Country Club of New Canaan and Field Club of New Canaan. 7 Harlan and Lois Anderson The Arnold F. Baggins Foundation, Inc. Bourgeon Capital Management, LLC The Craig B. Tate Foundation Draycott Family Foundation Robert and Judith Kamerschen Knight Libertas Beverley and Frank MacInnis The Maples Inn Alice and Charlie Parker Susan and Harry Rein Jean and Jeffrey Shaw Southwestern Connecticut Agency on Aging Inc. Mr. and Mrs. Christopher H. Willis Jim and Vona Bach The Blose Family Bluestone Foundation Mr. and Mrs. Joseph A. Boccuzi The Burlingame Foundation Sally and Kim Campbell Mrs. Henry S. Coleman Employee Benefits Solutions, LLC EMWIGA Foundation ExxonMobil Foundation Inc. Sky and Dick Field 1 Anonymous Donation A.P. Construction Co. Mr. and Mrs. Frederick R. Afragola The Bank of New Canaan Al and Gina Barber Dede and Jim Bartlett Mr. and Mrs. Stephen A. Bassock Judy and Dave Bentley Michael and Joan Bird Mr. John P. Birkelund BlumShapiro Mr. and Mrs. Robert A. Britton Mr. and Mrs. William Brock Mrs. G. Edwin Brown Jr. Mr. and Mrs. Peter D. Calder Mr. and Mrs. J. Otis Carroll Tom and Marjorie Cassidy Mr. and Mrs. Richard L. Chilton Jr. Mr. Paul Chludzinski Chris Hussey Real Estate Edward and Lois Congleton Dr. and Mrs. Charles A. Crown Helen H. Davenport Joan F. Dionne Foundation Mr. and Mrs. Donald J. Douglass, Douglass Foundation Betsey I. Doyle Jane B. Dragone Ellen Dusault Exchange Club of New Canaan Foundation Inc. Mary B. Fisher Mr. Mark T. Fitzgibbon Foster Davis Foundation, Inc.

9 Leslie and Austin Furst Glazer Construction, LLC Heather and Michael Goldberg Goldman Sachs Marie G. Dennett Foundation, Inc. Tom Hargrove and Anita Grover Don and Jeanne Hersam Mr. and Mrs. Michael D. Hobbs Richard and Joan Hofmann Donald P. Hunziker Douglas and Kathleen Johnston Joy C. Luke Mr. and Mrs. Frank Lyon Judy and Nigel MacEwan Mr. and Mrs. George B. Moore Mr. and Mrs. David E. Moran James and Elizabeth M. Murphy Rodger E. Myers Heather L. Neff New Canaan Sewing Group Inc. William and Deborah Nightingale Mr. and Mrs. Douglas G. Noiles Eleanor and Henry O Neill Mr. and Mrs. Al Palmer Robert Perkin Maurice and Debbie Perkins Mrs. Richard E. Perkins Thomas and Tracy Phillips David and Gigi Priebe Anthony and Tricia Riccardi S. G. Schimenti Bill and Nancy Sessions Mr. and Mrs. Amer Siddiqui Sandy and Tom Slaughter Don and Margo Sting Mr. and Mrs. Eric L. Straus Eleanor Teichner Thompson & Peck, Inc. Donald J. Toumey Mr. and Mrs. Arthur E. Trotman Mr. and Mrs. Charles G. Watson Robert and Denise Widen Jane and Brian Williams Mr. Robert M. Williams Mr. and Mrs. Richard Worden Penny and Bob Young The Young Women s League of New Canaan Mr. and Mrs. Stephen F. Zangrillo 2 Anonymous Donors AIG Matching Grants Program Cy and Maury Anfindsen Jurek and Stephanie Antoszewski Mr. and Mrs. Joseph A. Atkinson Thomas V. Ayoub, MD and Christine Dombrowski, CNM Mr. and Mrs. Richard Bartoli Mrs. Diane M. Beck Erica Bergmans James and Susan Binch Susan E. Blabey Eleanor Boadwee Ms. Pat Bonanni N. J. Bongiovanni Mr. and Mrs. Walter A. Bork Ms. Jennifer Corn Carter Philip and Lydia Clay Mr. and Mrs. G. Moffett Cochran Cecilie and Tony Cruger Penny and Eric Dalrymple Norma T. Dana Castle N. Day Mr. and Mrs. Richard J. DePatie Jane and Ralph DiDomenico Douglas Dooley James F. and Lynn Dowd Deb and Jim Duffy Mr. and Mrs. R. Eberstadt Bill and Sue Ewing Mr. Mario Fanone Ellen K. Feiner Dr. and Mrs. Edward A. Felder Karen and Tom Ferguson Mrs. W. L. Finger Mr. and Mrs. F. B. Fowler Mr. and Mrs. Richard A. Franco Jr. Carolyn and Bob Frederick Mr. John Garnjost GE Foundation Jane Musky and Tony Goldwyn Mr. and Mrs. J. Russell Gough Julianne and Dan Grace Alan and Loni Haas Dr. and Mrs. William B. Hale Mr. and Mrs. Edwin Hallberg Jr. Mr. and Mrs. William W. Helman III Margaret S. Herold Hobbs, Incorporated Michael and Louise Holland Home Instead Senior Care Lois and John Horgan P. E. Hornik David and Sara Hunt Henry and Eunice Hunter Betty and Kirk Jewett Gaynor and Diane Kelley Mrs. Victor H. King Kitchens by Deane Anne-Lie and Merrick Kleeman Bonnie Knight Mr. and Mrs. Brian Leach Raymond and Katherine Lenoue Muffy and Tom Lewis Brian Libman Natalie J. MacDonald Allie and Steve Marks Mr. and Mrs. Paul McDermott Mrs. Evelyn O. McEntee Mr. and Mrs. Tom McGrath Nancy D. Means Ms. Anne Miller Mr. and Mrs. Thomas J. Monahan Katherine and Kenneth Mountcastle Bob and Dottie Neff Emily B. Nissley Mr. and Mrs. Scott I. Oakford Mr. and Mrs. Donal C. O Brien Jr. Mr. and Mrs. Edward V. O Hanlan The O Herron Family Foundation McGovern/Park Family Perkins Eastman Mr. and Mrs. Thomas L. Piper III Mr. and Mrs. H. F. Powell Mr. and Mrs. H. Ward Reighley Rucci, Burnham, Carta, Carello & Reilly, LLP Tom and Lucinda Sands Mrs. Ruth Schiffer Judith C. Schurman Carol G. Scott Diane and Spiros Segalas Ethel and Bob Shafter Owen and Chris Smith Sara S. Smith Mr. and Mrs. William F. Souders Marjorie and Paul Stein Miss Marilyn Steiner Mr. and Mrs. James M. Stewart Edmund and Ruth Swanberg Robert and Francis Thompson Thomas and Kelly Franco Throop Toddy and Tom Turrentine Walter Stewart s Market Jane and Reinhold Wappler Howard and Judith B. Wentz John and Sandra Wilson Mr. and Mrs. Alan Wolfley Elizabeth and Van Young Patricia C. Young 6 Anonymous Donors Dr. and Mrs. Richard Banfield Ms. Joan Behre Lois Ahern Bortone Mrs. Mary D. Brust Dr. Sherman and Peggy R. Bull Camp Pemigewassett Reid and Suzanne Campbell Mr. and Mrs. Ross Catlin Mr. and Mrs. Jonathan B. Clark Martha and Bill Connolly John and Carrie Corcoran Sharon and Arun Daga Ms. Sara Penn Daniel Ingrid Deane James M. Detmer Mr. and Mrs. Mark A. DeWyngaert Hans and Laura Dijs Michael and Karen DiScala John and Ellen Emert Marc L. Flaster Mr. Michael P. Fleischer Gillian R. Foster Kitty and Paul Fowler Jane and Jim Fox Franco and Associates Mr. Charles A. Gallo Wendy and Howard Gidez Mrs. William Gillerlain Earl Glazier Mr. John L. Gray Evelyn Griffin Frank and Jean Grzeleski 8

10 Continuing its generous holiday tradition, Pennyweights donated gifts of jewelry. Owners Geoff and Kelly Sigg join Village resident, Lorainne McGettigan, Dalila Berlingo, Director of Therapeutic Recreation and Santa. 9 Susan Gummeson Mr. and Mrs. John P. Halan Joe Holmes John and Anda Hutchins Phil and Joan Ives Eads and Polly Johnson Mr. and Mrs. Daniel S. Jones J. Rodman Keagy Mr. and Mrs. Halvor Kielland Mr. and Mrs. William Kirby Mr. and Mrs. Peter Kirk Ellen and Richard Knight Glenn and Deborah Koennecke Howard and Susanne Landis Ms. Alexandria T. Lanuk Bob and Ruth Layton Janet and Peter Lebovitz Carole A. Manimbo Joseph and Joan Marcogliese Virginia W. Marion Alan and Sharon McClymonds Barbara S. McDonald Mr. and Mrs. Richard B. McKeough Tom and Judy McLane Ms. Ellen McMahon Sheila and Ren McMann Mr. and Mrs. C. E. Meyer Doris M. Molinari Kevin and Mim Moynihan June Filingeri and Edward Nebb New Canaan Wine Merchants Mrs. G.M. Nichols Nursing & Home Care Odyssey America Reinsurance Robert and Kerry Orlich Ada Osborn Dorie and Wally Pease Mr. and Mrs. William E. Pike Portfolio Advisors, LLC Ann Purcell Doug and Bitsy Richardson Mrs. Thomas T. Richmond Jens Risom Stephen and Katie Roach Roberts Family Fund Mr. and Mrs. Joseph Rucci Ellen and Richard Sainburg Mr. and Mrs. T. Brock Saxe Ann and Tom Scheuer Mr. and Mrs. Robert Shaw Dr. and Mrs. Peter M. Shutkin Jim and Joanne Slattery Mr. and Mrs. Robert N. Sloan Jr. Mr. and Mrs. Crosby R. Smith Geraldine and Nathan Snyder Edward Stebbins Mrs. Jill W. Stevens Patricia and Hudson Stoddard Wendy and Radford Stone Christopher and Mary Swift Julie and Alec Taylor Julie and Rowan Taylor Carlyn and Don Tiefenthaler Joseph and Margaret Toce Mr. and Mrs. Paul R. Tregurtha Linda and Jay Twombly Mr. and Mrs. Donald W. Van Dyke II Dick and Anne Ward Mr. and Mrs. Thomas C. White III Wiggin & Dana Bob and Ruth Witt Elroy H. Wolff Elaine Woolworth Nathaniel Yordon 6 Anonymous Donors Mrs. Pauline Alizio Oakes and Dorothy Ames Mr. and Mrs. Bruce Anfindsen Janet and Lewis Annunziato Mrs. Minnie Antonello Marion and Penny Antonini Ms. Patricia Arnone Robert J. Arrix Mr. and Mrs. Herbert F. Aspbury Mr. and Mrs. Thomas J. Aylward Mr. and Mrs. Emil Aysseh Barbara Bacon Terry and Chris Baehr Mr. John P. Barrie and Ms. Elizabeth A. Smith Betsy and Jim Barton Mr. and Mrs. James Beall David and Deirdre Beck Elizabeth C. Bede Mr. and Mrs. Jesse C. Belcher Thomas and Charlene Berardino Mr. Jeffrey Berlind Mr. and Mrs. William H. Besgen Arthur Bettauer Dr. and Mrs. Robert H. Biondi Jonathan and Lisa Bitting Mr. and Mrs. Joseph Blazevich Mr. and Mrs. Stephen S. Boeschenstein Mr. and Mrs. Spencer N. Boggess Thomas and Friede Brayton Joan T. Brode Mr. and Mrs. Frederick C. Bromberg Gloria B. Major Brown Jill and David Brown Amy Browning Barbara Bryant Dorothy and Sebastian Buccheri Burg Simpson Eldredge Hersh & Jardine, P.C. Ms. Jane G. Burton Mr. and Mrs. Samuel Buttrick G. Ann Byrne Campbell s Mrs. Patricia Carey John and Amy Carroll Ms. Karen M. Casey Nancy Cavanaugh Mr. and Mrs. Alfred S. Ceresa Katharine T. Cerow Charkit Chemical Corporation Elizabeth W. Chilton Mr. and Mrs. Billy C. Christensen

11 Chubb Group of Insurance Companies Mr. and Mrs. Gail Citrin Lorna and Scott Cluett Elaine and Jerome J. Cohen Mr. and Mrs. Richard Cohen James S. Cole James and Dianne Colgan Mr. and Mrs. William Concannon George and Charlotte Conner Richard Constable Bob and Charlotte Cook Mr. and Mrs. Daniel R. Cooney Mr. and Mrs. E. Robert Cotter Dr. and Mrs. Edward Craig Dr. and Mrs. Horace I. Crary Tom and Kitty Cross Ms. Aileen T. Crowley Susan and Bob Cruickshank Ms. Jean Cuthbertson Mr. and Mrs. James L. D Acosta Mr. and Mrs. Frederick R. Demler DHS Friends of Sal Mattimiro Mrs. Eugene A. Diserio Mr. and Mrs. Alan P. Donaldson Mr. and Mrs. Nicholas DuBiago Catharine McChord Duncan Ms. Lori Dunn Mr. and Mrs. John R. Durante Philip L. R. Duval Elizabeth K. Eason Dr. and Mrs. Sven W. Englund John and Tanis Erdmann Joe and Lois Espeso Mr. and Mrs. Craig C. Evans Jeff and Melinda Fager Mr. and Mrs. Bob Fairty Kip and Mike Farrell Jeanne Farrell Mary Fearon Shirley and Nick Fellner Bill and Mary Beth Fessler Mr. and Mrs. Frank Fetchet Fireman s Fund Insurance Joseph and Gayle Fisch Missy and David Fitzpatrick Dennis C. Fleischmann Patricia Forbes Mr. and Mrs. John M. Foster Carl J. Franco Christopher and Christie Franco Michael J. and Mary G. Franco Tim and Marie Franco Yvonne and Thomas Franco Mr. and Mrs. William A. Frate Mr. Dain T. Fritz Rob and Margie Fryer Carol B. Fucigna Mrs. Dorothy B. Fuller Mr. and Mrs. Nathaniel H. Furman Mr. and Mrs. Peter C. Gambee Scott and Jane Gamber Mr. and Mrs. Jonathan Garrity General Re Services Corporation Ann and Richard Gervase Judy and Bob Gibbons Catherine and Richard Girgenti Judy Glazer Mr. and Mrs. H. Thomas Gnuse Mr. and Mrs. William R. Goetz Jr. Mr. and Mrs. Arthur F. Golden Mr. and Mrs. Jake Goodyear James E. Goulard Suman and Rajan Govindan Carol and David Graham Mr. and Mrs. John Graham Mr. and Mrs. D. P. Gredoni William J. Griffin III Frank J. Gromer Mr. and Mrs. Peyton Grymes Jr. Ms. Viktoria B. Gutberlet Robert and Mairi Hair Jean and Hugh Halsell Betty St. C. Hardy Jeanne D. Hart Alice & George Hasapis Sis Healey Peter and Gwenyth Hemmers Mr. and Mrs. William Heyn Hitachi Capital America Corp. Mr. and Mrs. Henry H. Hitch Hocon Gas Mr. and Mrs. Craig Hoelzer Margaret Hooker Joan and Robert Hopkins Mr. and Mrs. John J. Houlihan Mr. and Mrs. Donald Hudson Tom Harrington and Mary Lou Hughes Mr. and Mrs. Thomas M. Hughey Hank and Collette Huidekoper Edwin and Joan Igler Laura E. Ingraham Mr. and Mrs. Paul Ippolito Brad and Cathy Irwin Ruth M. Jay Kennon and Sabra Jayne Mr. and Mrs. Robert S. Jeffries Jr. Alice and David Jennings Camille Jensen Barbara Johansen Mr. Gareth John Ms. Wendy Johnson Gordon and Marilyn Jones Mr. and Mrs. Kenneth R. Jordan Dolores J. Justus Marvin Kabatznick Ms. Grace D. Kamins Leo and Kathie Karl Mary K. Karl Mr. and Mrs. Peter Keller Ann M. Kelly Mr. and Mrs. Ronald A. Kelly Robert and Sally Kennedy Robert and Elizabeth Ker David and Kathleen Kilbride Ms. Angela King Mr. and Mrs. Michael Kirshbaum Penelope and Robert Klatell Barbara Kneubuhl Mr. and Mrs. Charles P. Kontulis Fund Mr. Gregory LaBaw Todd Lampert Susan and Patrick Landers Mr. and Mrs. Harold T. Lang Molly and Paul Larson Mr. and Mrs. Scott J. Lashelle John and Amanda Layng Mr. and Mrs. William Leach Mr. Ted Leh Ms. Mary Ellen Lenahan Dr. William Lenihan Sr. Mrs. Elwin E. Linden Ms. Maureen G. Linder Edith L. Linger Sebastian and Carolyn LiVolsi Sue Lofaro Family Ms. Patricia A. Long Stuart and Susan Lovejoy Stella Lowry Donald K. Luke Esther Lynn and Carol Lyttle Mr. and Mrs. William Macchio Anne G. MacKenzie J. Tracey and Maxine Mackle Mrs. Bertram MacMannis Janecke Madsen Walter and Lynn Maginnis Sandie and Ron Malloy George and Linda Maranis Penelope and Arthur Mardoian Mr. and Mrs. James Mase Dr. and Mrs. F. Masino Susan and Robb Mayo Teresa H. McGrath Mrs. H.P. McLane Jean Marie and Kevin McLaughlin Barb and Walt McNulty Kassie and Dave Means Jr. Mr. and Mrs. George H. Megrue Ms. Lynn S. Merrell Betsy and Jack Messert Clare and Jeff Meyers Mr. and Mrs. Richard M. Miano Mr. and Mrs. Daniel T. Michaels Ms. Lisa Moholt Judith A. Moist Mr. and Mrs. James E. Moltz Monroe Family Mr. and Mrs. Gary G. Montanus Peter W. Moyer Mona S. Mulvey Mr. and Mrs. John F. Murray Jr. Connie and Eric Musa Mr. John Nasser C. Scott Neff Mr. and Mrs. Frederick S. Nelson Mr. John M. Nevin Jr. New Canaan Townhouses Condominium Assn., Inc. Mr. and Mrs. Charles H. Newton M. Novograd B.W. Oakford Mr. and Mrs. Donal C. O Brien III Dr. Herbert Oettgen Mr. and Mrs. Gordon Ogden Mrs. R. J. Palmer Susan and William B. Palmer Mr. Peter A Paolillo Mr. and Mrs. John Pelazza Jane and George A. Perkins 10

12 11 Lynda Pescatello Mr. Michael Petrino Eric K. Petschek Dr. Harrison Pierce Mr. and Mrs. William S. Post Mr. and Mrs. Tom Powers Mr. and Mrs. Barry Radman John D. Rehnberg Mr. and Mrs. Walter Reilly Mr. and Mrs. Lawrence Reilly Theresa Reiner Hans F. Reiss Mr. Walter Reuter and Mrs. Beatrice C. Camporin John and Pat Rice Mr. and Mrs. Allan J. Riley Catherine and George Ritchie Mr. and Mrs. Robert F. Rockafellow Mr. and Mrs. Rodney D. Runestad Mr. and Mrs. Gene Salvatore Mr. and Mrs. Steven K. Sandor Carol Santosus Anne Saunders Mr. and Mrs. William G. Schaefer Jim and Susie Schlumpf Pat and Joe Schubert Judy and David Schustack Sue and Hal Scutt Gertrude and Marvin Shapiro Barbara M. Shepherd Sue E. Sherwood Mr. and Mrs. Elliot J. Siderides Douglas and Deborah Simpson Margo and Skip Sisson Ms. Ann C. Smith Mr. Christopher V. Smith Marilyn Williams Smith Nell and Roger Smith Sheila Smith Maren and Tom Snyder Mr. John Sorgenfrei Mr. William Spalding Mr. and Mrs. William Sperry Mr. and Mrs. Raymond Spinola John and Shirley Stancik Mr. and Mrs. James C. Steele Jed and Kerry Stevens Mr. and Mrs. John F. Stevenson Mr. and Mrs. Robert Bailey Stewart Robert and Jodi Stiffelman Mark C. Stillman Mr. and Mrs. George C. Stone Ms. Beverly Sutherland Mrs. John I. Suydam Mr. and Mrs. B. W. Sweitzer Mrs. Ogden Tanner Priscilla P. Thomas Mr. and Mrs. Louis D. Torelli Richard and Elizabeth Troy UBS Warburg Dillon Read John and Cathy Uhlein Mr. and Mrs. Hugh J. Venanzi Mary and Gerald Vernon Mr. Mark K. Vitelli Mr. and Mrs. Mark L. Vorsatz Mr. and Mrs. William Walbert Mr. and Mrs. William M. Walker Dr. Gwyneth Walker Judy and George Webb Elizabeth D. Weed Mr. and Mrs. Eric Welles Mallory and Conrad Weymann Robert Wiederlight Mr. and Mrs. James Williamson Mr. and Mrs. Henry F. Wood Richard W. Wood Tom and Debbie Woodard Mr. and Mrs. Robert Yates Mr. and Mrs. Jonathan Zonis 10 Anonymous Donors Mr. and Mrs. Pat F. Ambrosio Ann K. Andresen Mrs. George J. Arkedis Mr. and Mrs. Lawrence Arnold Mr. George Arthur Mr. Gamma Baldemar Ken and Charlene Batchelor Mr. and Mrs. Robert Bayne Jr. Mr. Scott Beach Mr. and Mrs. Thomas R. Behan Mr. and Mrs. Thomas Bellino Mrs. Louise Besson Mr. Ferris Scott Billyou Mr. Ray E. Bolin Jr. Joanne Boyer Mrs. James Bridgman Mr. and Mrs. Georges Brigham Mr. and Mrs. Arthur E. Brown Mrs. Linda Brown Nancy D. Brown Marjorie Bruno Ms. Norma Bryant Catherine Buonaiuto Val and Beverly Buonaiuto Mr. and Mrs. Kenneth H. Burt Mr. and Mrs. William T. Calder Ms. Marta Elizabeth Calderon Ann E. Callahan Robert Callaway Mr. and Mrs. Stuart Cassilly Mr. and Mrs. Richard Castiglioni Roberta B. Chapdelaine J. Coniglio Mr. and Mrs. Henry G. Corey Oscar and Marlies Coronado Mr. and Mrs. William A. Coscarelli Dr. and Mrs. Francis Coughlin Mr. and Mrs. Joseph D Agostino Mrs. Nancy Davies Ms. Margaret D. Day Mr. and Mrs. Thomas Delaney Mrs. Elyse Dent Mr. and Mrs. Thomas C. Detscher Ms. Heidi DeWyngaert

13 Ms. Dina M DiRenzo Ms. Elaine E. Donahue Margaret R. Doyle Mrs. Janet R. Eberman H. Erichs Mr. and Mrs. Carlton F. Evans Ms. Nancy Evans Dr. and Mrs. John T. Fallon III Clancy and Barbara Fauntleroy Mr. and Mrs. David B. Findlay Jr. Ms. Mary Clare Foote Mrs. Gloria C. Franco Mrs. June Frangione Carol F. Freeman Mr. and Mrs. Paul French Ms. Lynn Fritz Mr. and Mrs. Alan C. Fuller Mr. Baldemar Gama Donald J. Gardner Ms. Elizabeth Gentile Mr. and Mrs. Robert S. Glanz Mr. and Mrs. James P. Glowienka Mr. and Mrs. James M. Glynn Mr. John Goldsmith Eugene and Mary Gormley Ms. Catherine Goulet Suzanna W. Gray Diane and Hank Green Joleen and Matthew Grogan Ms. Gloria Haddix Ms. Margaret Hemmert Stephan L. Hebrichson Mr. Joseph Herlihy Mr. Jose Hernandez Mr. and Mrs. John Heston Mr. and Mrs. Brian L. Hickey Mr. John R. Hinrichs Ms. Margaret M. Hinrichs Mr. and Mrs. Eric Holch Margery B. Irish Ms. Janet Janigan Ms. Norma Jarrett Kay and John Jex JP Morgan Chase & Company William and Carol Kapp Dick and Janet Karl Mr. and Mrs. Chip Kelley Ms. Mary Louise Kerr Elinore A. Kochis George and Karen Korner Candi and Nelcy Laclair Harvey and Joan Lapin Mr. and Mrs. John J. Luglio Mr. and Mrs. William B. Lutkins Margaret Lutostanski Mr. and Mrs. Thomas F. Lynch Greg and Libby Makela Elizabeth T. Massey Mr. and Mrs. George S. Masters Mr. and Mrs. Ernest Mattimiro Mr. and Mrs. Sal Mattimiro Ms. Margaret McConnell Rina and Don McCouch Mrs. Elizabeth Bacon McCoy Ms. Lorraine McGettigan Mses. Anne J. and Wendy M. Miller Ms. Carole A. Millis Donald Mohr Ms. Margaret H. Molwitz Mr. Richard Monaco Mr. Amel Moneada Mr. and Mrs. Brian E. Moran Mr. and Mrs. Robert E. Morisseau Alice F. Mueller Jane G. Murphy Mr. and Mrs. David E. Nanzig Mrs. T. J. Norris Mr. Michael F. O Brien Ernest Obrig Mr. and Mrs. Edward V. O Neil Orchard Hills Condo Association Mr. Gerardo Adam Ortiz Mrs. Carolyn Passaro Sara Frost Perkins Vi Peters Mr. Ronald F. Petronella Margaret C. Philipcik Mr. Dan Philippon Mrs. Raymonde Pierrat Pitney Bowes Inc. Mr. and Mrs. Edward Plaut Mr. and Mrs. W. W. Pollock Mr. and Mrs. B. J. Rafferty Roderic W. Rahe Jr. Vincent A. Rajczewski Mr. Frank Ramsay Mr. and Mrs. Peter Rappoccio The L. Reilly Grandchildren Mr. Damion Richardson Ms. Mary E. Riley Joseph T. Robidoux Jeanne F. Rozel Peter and Kathy Rozsa Alice and Pete Runnette Mr. and Mrs. Anthony J. Russo Mr. and Mrs. Edwin S. Ryan Mr. Ebby A. Santharaj Ms. Angela M. Schacht Janet K. Schloat Karola M. Schuette Charles J. and Carolyn J. Scott Mr. Aften W. Sentel Mr. and Mrs. Richard J. Shima Mr. and Mrs. Norman Siegel Ms. Kristin Nicole Sinatra Kathryn and Thomas Slattery Louise F. Smith P. Carol Soling Mr. and Mrs. Robert M. Spence Gary and Nancy Stass Bob and Judy Stephan Mr. and Mrs. Douglas A. Stumpfl Mr. and Mrs. Simon Sumberg Karl and Louise Theiss Karl and Joan Theiss Ann Mitchell Throop Mr. David Tippett Fisina M. Tomaselli Muriel T. Tracy Jim and Elaine Vail Mr. and Mrs. David J. Van Buskirk Maryann von Dwingelo Ms. Elizabeth A. Waldo Mrs. Margaret Wallace The Rev. Peter Walsh and Mrs. Jennifer Walsh Elizabeth B. Walton Robert P. Walton Mr. Edward E. Weed Mr. and Mrs. Walter Wehner Ms. Barbara Wente The Wietfeldt Family Ruth and Alan Winnick Stephen and Abby Wise Mr. and Mrs. Peter H. Wyman XL America William A. and Glenn C. Ziegler AIG Matching Grants Program ExxonMobil Foundation, Inc. GE Foundation General Re Services Corporation Goldman Sachs Hitachi Capital America Corp. JP Morgan Chase & Company Odyssey America Reinsurance Pitney Bowes, Inc. Swordspoint Foundation, Inc. UBS XL America 12

14 Mrs. Edna Cody Catherine Buonaiuto Val and Beverly Buonaiuto Miss Louise B. Goodridge Susan E. Blabey Mr. Malcolm Goodridge Susan and Jon Stone Susan and William B. Palmer Mr. C. Coleman Fisher Elizabeth C. Bede Burg Simpson Eldredge Hersh & Jardine, P.C. Mrs. Janet R. Eberman Mary B. Fisher Mrs. Helen A. Frate Mrs. Janet R. Eberman Mr. and Mrs. William A. Frate 13 Mrs. Helen Barnes J. Rodman Keagy New Canaan Sewing Group Inc. Mr. James M. Bridgman Mr. and Mrs. Alan C. Fuller Ms. Grace D. Kamins Ms. Margaret McConnell Orchard Hills Condo Association Mr. James B. Brown, Jr. Mr. Ray E. Bolin Jr. Mrs. Linda Brown Camp Pemigewassett Ms. Karen M. Casey Mr. and Mrs. Richard L. Chilton Jr. Chubb Group of Insurance Companies Lorna and Scott Cluett Mr. and Mrs. Edwin Hallberg Jr. Mr. and Mrs. John Heston Ms. Wendy Johnson Ms. Lynn S. Merrell Mr. and Mrs. James E. Moltz Mr. and Mrs. Robert E. Morisseau Peter W. Moyer New Canaan Townhouses Condominium Assn., Inc. Mr. and Mrs. Edwin S. Ryan Mr. and Mrs. William G. Schaefer Judy and George Webb Mr. and Mrs. Henry F. Wood Mrs. Sidney Peard Brown Mr. and Mrs. Kenneth H. Burt Mr. and Mrs. Stuart Cassilly Fireman s Fund Insurance Mr. and Mrs. John M. Foster Sis Healey Mr. John R. Hinrichs Ms. Margaret M. Hinrichs Mr. and Mrs. James E. Moltz New Canaan Townhouses Condominium Assn., Inc. Mr. and Mrs. Gene Salvatore Judy and George Webb Grace Calcagno Joseph and Joan Marcogliese Mr. Stanley Garnjost Ms. Jane G. Burton Mr. and Mrs. Thomas C. Detscher Mr. John Garnjost Ms. Margaret Hemmert Ms. Mary E. Riley Mrs. Bette Goodman Mr. and Mrs. Stephen A. Bassock Charkit Chemical Corporation Mr. and Mrs. Richard M. Miano Mr. John S. Herold Mr. Ferris Scott Billyou Mrs. Jean Hickey Ms. Aileen T. Crowley Ms. Dina M DiRenzo Mr. and Mrs. Brian L. Hickey Karola M. Schuette Mr. M. Carl Johnson, Jr. Campbell s Mr. and Mrs. Frederick R. Demler Mr. and Mrs. James P. Glowienka Ms. Maureen G. Linder Mses. Anne J. and Wendy M. Miller Mrs. Jean C. Lake Peter W. Moyer Mr. Robert W. Lear Mr. and Mrs. Daniel T. Michaels Mrs. Dorothy Lynch Mrs. Pauline Alizio Mr. and Mrs. Thomas Bellino Mrs. Louise Besson Mr. and Mrs. Joseph Blazevich Ms. Norma Bryant Ms. Jean Cuthbertson Mrs. Nancy Davies DHS Friends of Sal Mattimiro

15 Mr. and Mrs. John R. Durante Ms. Lynn Fritz Johnson & Johnson Family of Companies Mr. and Mrs. Kenneth R. Jordan Ms. Mary Louise Kerr Mr. and Mrs. John J. Luglio Mr. and Mrs. Thomas F. Lynch Carole A. Manimbo Mr. and Mrs. Ernest Mattimiro Mr. and Mrs. Sal Mattimiro Mr. Richard Monaco Mr. and Mrs. Peter Rappoccio Mr. and Mrs. Robert Shaw Mr. and Mrs. James Williamson Mr. John Murphy Ms. Kristin Nicole Sinatra Mrs. Rose T. Noon Mr. John P. Barrie and Ms. Elizabeth A. Smith Mr. and Mrs. William Concannon Mr. and Mrs. William A. Coscarelli Mrs. Janet R. Eberman Mr. and Mrs. James M. Glynn Mr. and Mrs. John J. Houlihan Carole A. Manimbo Mr. and Mrs. Edward V. O Neil Mr. and Mrs. Richard J. Shima Mr. and Mrs. Douglas A. Stumpfl Joseph and Margaret Toce Mr. and Mrs. Mark L. Vorsatz Mr. and Mrs. Walter Wehner Mrs. Elizabeth Thunem Ms. Margaret D. Day Ms. Angela King Ms. Carole A. Millis Mr. and Mrs. David E. Nanzig Portfolio Advisors, LLC Ms. Elizabeth A. Waldo Florence Tiernan Ms. Patricia Arnone Mr. and Mrs. Rose and Samuel Wolff Elroy H. Wolff Adirondack Store Mr. George Arthur Barbel Jewelry Benefit Cosmetics Mr. and Mrs. Melvin Benowitz Judy and Dave Bentley Mr. Rudolph Bergmans and Ms. Ann Lane Ms. Mary Jane Berrien The Best Wurst Margaret S. Betts Michael and Joan Bird Bistro Bonne Nuit Mr. and Mrs. Michael Boccuzzi Ms. Barbara Burr Mr. Bernard Capuano Mr. William Carpiniello CAVA Wine Bar & Restaurant Chef Luis Cherry Street East Mr. and Mrs. AJ Conley Mr. Stephen Conley Terri and Mike Connors Mr. and Mrs. Peter Cosco CVS Mr. Jeffrey Danziger Darien Sport Shop Mr. John degarmo Design Solutions Diamond Deli Joan F. Dionne Foundation Ms. Marianne K. Dolan Ms. Martha M. Dombrowski Doran Brothers Mr. Michael Doughtery Mr. and Mrs. Frederic Edelman Elm Street Books Ms. Nancy Evans Fairway Limousine Services Mr. and Mrs. Victor R. Ferrante Mary B. Fisher Francos Wine Merchants Gates Restaurant Ms. Elizabeth Gentile Jane Musky and Tony Goldwyn Mr. and Mrs. Prakash Gopaldas Gramaphone Shop Ms. Ursula K. Grever Ms. Tonya Gwynn Ms. Tracy Hammer Sue Lofaro Family Mr. and Mrs. John R. Hummel Ms. Helen Jaffe Ms. Maureen Kenefick Ms. Tertia Kiesel KL Designs Ms. Maisie Kohnstamm Le Pain Quotidien Dr. William Lenihan Sr. Mr. and Mrs. John J. Logan Ms. Melissa Mayernik Mr. and Mrs. Jack D. McDaniel Mr. and Mrs. George McEvoy Mr. and Mrs. Tom McGrath Mr. and Mrs. G. Barry McMennamin Mr. Edmund Mcnamara Merritt Wines Donna L. Mete Judith A. Moist Mr. and Mrs. Gary G. Montanus John H. Muller Jr. Heather L. Neff New Canaan Advertiser New Canaan Sewing Group Inc. New Canaan Wine Merchants Mr. and Mrs. Douglas Newton North Star Restaurant Ms. Lorraine O Halloran Mr. Richard Osborn Ms. Shirley Ottenstein Pennyweights Ms. Elizabeth Perkins Personal Training Professionals Peter Suchy Jewelers Ms. Eileen M. Phelps Mr. and Mrs. Walter Plaust Mr. and Mrs. Anthony J. Pollio Mr. and Mrs. Scott Ready Susan and Harry Rein Mr. and Mrs. Nicholas Risom Robert Cuda Salon Roger Sherman Inn Roger Smith Hotel Mr. and Mrs. Jeffrey Rold Rosa Mexicano Restaurants Rosie Ms. Judith Ross Mr. and Mrs. George J. Roy Bill and Nancy Sessions Mr. Robert A. Sommer Mr. Chris Sotell State of the Art Dry Cleaning & Tailoring Stewart s Spirits Ms. Elaine Suda Ms. Rita Suthard Terani Couture The Linen Shop The Silk Purse The Whitney Shop Thurston Foods Joseph and Margaret Toce True Blue Trump SoHo Mrs. Barbara Upson G. Valchar Mr. and Mrs. Harry VanBenschoten Ms. Sandra Vargas Village Critter Outfitter Mr. and Mrs. Ernest P. Virgulak Mrs. Eleanor Wahen Walter Stewart s Market Ms. Virginia Williams Williams and Warren Zumbachs 14

16 Patient Days Representing our continued commitment to provide the highest quality of care for older adults in New Canaan and the surrounding communities, Waveny experienced a 6.4% increase in fiscal 2009 patient service revenue over the prior year. Medicaid 41% Private Insurance 36% Due primarily to a 5.2% increase in resident days at the Care Center, fiscal 2009 revenue growth was higher than in As always, the Care Center, The Village and New Canaan Inn continue to provide quality care and services at higher than average occupancy levels. Medicare 23% Medicare beneficiaries and Medicaid recipients accounted for 64% of the Care Center s average daily census. Expenses Medical Supplies, Drugs, Food & Other 26% Salaries, Wages & Benefits for Employees 67% Interest Expense 1% Depreciation 6% Reflecting our continued investment in high-quality care, labor costs accounted for 67% of our expenses. As both our federal and State governments struggle with budget deficits, and given Waveny Care Center s mission to serve those within our care without regard to their source of payment, patient and revenue services were significantly offset ($3,118,173) by the amount of reimbursement that the Medicare and Medicaid programs discount their payments to us an increase of 23% over fiscal Fortunately, the cost of this uncompensated care is partially offset by the continued generosity and support from our benefactors: Through our Annual Appeal, Swinging for Seniors golf and tennis fundraiser, grants and contributions, Waveny received a total of $714,000 in philanthropy throughout fiscal Reflecting our ongoing commitment to ensure quality care through a skilled and experienced staff, wages and benefits combined for 67% of our total operating expenses an increase of 3.6% over fiscal The medical supplies, drugs, food, and other expense category has continued its gradual decline over the past three years due to the continued decrease in our use of outside nursing services and as well as savings generated through the addition of a Purchasing Manager hired in fiscal This represents our continued commitment to hire and retain the best and the brightest at competitive compensation packages while maintaining an industry-leading resident to staff ratio, along with the dedication of our department managers to control expenses. As of September 30, 2009, the Network s holdings were $8,751,315, representing a modest 1.1% increase in fiscal During fiscal 2009 the Network retired $337,000 in long-term debt, and as of September 30, 2009 the balance of long-term debt was $6,136,300. The Network sustained an operating loss of ($133,974) in fiscal 2009 representing a $206,440 positive change from fiscal Cash flows from operations increased by $446,900 in fiscal We continue to honor our mission and those we serve by providing the highest quality of care through the most efficient means possible, while at the same time acting as responsible stewards of the contributions made by our loyal benefactors. 15

17 Consolidated Financial Statement Year Ending September 30, 2009 Year Ending September 30, 2008 OPERATING REVENUE Patient and Revenue Services $ 20,189,474 $ 19,039,537 Allowances (Amounts not paid by Medicaid, Medicare and others) (3,118,173) (2,535,543) Other Operating Revenues 94, ,678 Net Assets Released from Restrictions 168, ,231 Total Revenues 17,334,300 16,830,903 OPERATING EXPENSE Salaries and Wages 8,690,216 8,491,435 Employee Benefits 3,032,450 2,823,631 Medical Supplies, Drugs, Food and Other 4,518,158 4,600,901 Interest Expense 161, ,841 Depreciation 1,066,064 1,021,509 Total Expenses 17,468,274 17,171,317 Operating Loss (133,974) (340,414) Other changes in unrestricted net assets from operations Interest rate swap market to market (156,383) (27,314) Net assets released for purchase of property and equipment 200, ,814 Changes in Net Assets from Operations (90,185) 81,086 NON-OPERATING revenue Contribution Income unrestricted 157,359 28,454 Investment Income and Other 134,383 (1,617,754) Total Non-Operating Revenues 291,742 (1,589,300) NON-OPERATING EXPENSE Fundraising and Other 217, ,432 Total Non-Operating Expenses 217, ,432 CHANGES IN UNRESTRICTED NET ASSETS $ (15,925) $ (1,727,646) 16

18 17

19 Harry T. Rein Chairman Ted O Hanlan Immediate Past Chairman Kelley Franco Secretary Jeffrey Shaw Treasurer Elizabeth Connolly Alexander Thomas Ayoub, MD Sally Campbell Richard J. DePatie* Francis J. Dubas, Jr. James Eagan Andrew D. Firlik, MD Thomas B. Lewis Rosemary Ogden Charlotte Siddiqui William Sessions Julian B. Twombly First Selectman Jeb Walker* Penelope L. Young Rev. Peter Walsh* John A. Zaro Heather L. Neff* Michael R. Bird* * ex officio Judy Bentley Joseph Dionne Julianne Grace Arthur Nichols III Ted O Hanlan Willard Overlock Arthur Potts Thomas Turrentine Richard B. White Waveny Care Network Advisory Council Heather L. Neff, MHA Chief Executive Officer Dalila Berlingo Director of Therapeutic Recreation Michael R. Bird, MBA Chief Financial Officer Joanne Boyer Director of Development Ann E. Callahan, MS Campus Administrator, New Canaan Inn Elyse O. Dent, MHA, LNHA Administrator Carole A. Edelman, APRN, BC, CMC Director of Geriatric Care Management Mary Clare Foote, RN Clinical Reimbursement Specialist Mary Jane Glanz Director of Human Resources Beverly James-Allen, RN Supervisor of Assisted Living Services Candi B. LaClair, MS Director of Resident Services, New Canaan Inn Sandra C. Malloy Director of Volunteers Barbara Moylan Director of Admissions, Waveny Care Center Anne Newton, PT Director of Rehabilitation Services Basil Papaharis, MD Medical Director, Waveny Care Center Louis Roca Director of Dining Services Sarah Ruggiero, MSW Director of Social Work Andrea Schaffner, MD Consultant of Geriatric Evaluation Kristin N. Sinatra Director of Marketing Ilene P. Sumberg, LCSW, MSW Director of Adult Day Program David Tippett Director of Facility Operations Catherine Violette, RN Director of Nursing, Waveny Care Center The New Canaan Sewing Group: 2009 Donor Recognition Honoree 18

20 3 Farm Road New Canaan, CT Farm Road New Canaan, CT Phone (203) Fax (203)