Waldo County General Hospital

EIN: 010177170 501(c)(3) Health Care

Belfast, ME

Total Revenue
$27,810,737
Total Expenses
$24,734,617
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1901
Legal Domicile
ME
Principal Officer
Mark Fourre MD
Phone
2075054378
Tax Period
2018-10-01 to 2019-01-01

Waldo County General Hospital, founded in 1901, is a mid-sized nonprofit in the Health Care sector that reported $27.8M in total revenue in fiscal year 2018. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $24.7M left a modest 11% surplus.

Mission

Waldo County General Hospital's mission is to be the BEST - Better, Empathy, Service and Teamwork. Our goal is to ensure quality, accessible and affordable health care services and to improve the health and well-being of our community.

Program Service Accomplishments

Program 1
Expenses: $18,444,734 Revenue: $24,038,372

Waldo County General Hospital provides quality and affordable health care services to improve the health and well being of the communities it serves, regardless of the patient's ability to pay. A...

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Waldo County General Hospital provides quality and affordable health care services to improve the health and well being of the communities it serves, regardless of the patient's ability to pay. A broad spectrum of services are provided including hospital acute inpatient care; ancillary outpatient diagnostic services including physical therapy, speech, audiology, sleep and respiratory therapy, oncology clinics, emergency services, inpatient and outpatient care, inpatient hospice, and surgical inpatient and outpatient services. The hospital provided 1,567 days of adult, newborn, swing bed, and hospice inpatient care, and 15,059 outpatient visits including 41,598 outpatient procedures and exams.

Program 2
Expenses: $4,013,276 Revenue: $2,741,590

Waldo County General Hospital employs many hospital-based physicians and provides the following spectrum of physician patient care services: cardiology, family medicine, general surgery, internal...

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Waldo County General Hospital employs many hospital-based physicians and provides the following spectrum of physician patient care services: cardiology, family medicine, general surgery, internal medicine, nephrology, neurology, OB/GYN, orthopedics, otolaryngology, podiatry, pulmonology, urology, rheumatology and primary care clinics. Our physicians provided care to patients during 14,471 physician-office patient visits.

Program 3
Expenses: $566,352 Revenue: $489,974

Waldo County General Hospital offers the community it serves four health centers: Arthur Jewell Community Health Center, Stockton Springs Regional Health Center, Donald S. Walker Health Center, and...

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Waldo County General Hospital offers the community it serves four health centers: Arthur Jewell Community Health Center, Stockton Springs Regional Health Center, Donald S. Walker Health Center, and Lincolnville Regional Health Center. We provided healthcare services to patients during 4,098 health center visits.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $18,244
Program Service Revenue $25,168,894
Investment Income $1,166,954
Other Revenue $1,456,645
TOTAL REVENUE $27,810,737

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,261,771
Fundraising Expenses $0
Program Expenses $23,024,362
Other Expenses $10,472,846
TOTAL EXPENSES $24,734,617

Year-over-Year Comparison

2018 2017 Change
Revenue $27,810,737 $109,185,533 -0.7%
Expenses $24,734,617 $98,280,877 -0.7%
Net Income $3,076,120 $10,904,656 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
15
Employees
N/A
Volunteers
52

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$846,421
Total Directors
20
$1,673,878
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann Hooper Trustee 1.00
Director
$0 $0 $0
Catherine Reynolds Trustee 1.00
Director
$0 $0 $0
Cornelius Yetman DO Trustee 1.00
Director
$0 $41,396 $376,356
Dale Kuhnert Trustee 1.00
Director
$0 $0 $0
Deborah Peabody MD Trustee 50.00
Director
$117,501 $27,611 $145,112
Elizabeth Connolly DO Medical Staff President - WCGH 50.00
Director
$460,406 $35,537 $495,943
Gregory Dufour Trustee 1.00
Director
$0 $0 $0
James C Delehanty MD Trustee 1.00
Director
$0 $0 $0
JB Turner Trustee 1.00
Director
$0 $0 $0
Jennifer McKenna MD Trustee 1.00
Director
$0 $31,531 $342,400
Joanne Billington Trustee 1.00
Director
$0 $0 $0
Lee Webb Trustee 1.00
Director
$0 $0 $0
Paul Klainer MD Trustee 1.00
Director
$0 $0 $0
Stephanie Lash MD Medical Staff President - PBMC 1.00
Director
$0 $26,532 $314,067
Syrena Gatewood Trustee 1.00
Director
$0 $0 $0
William Lambie MD Trustee 1.00
Director
$0 $0 $0
Lee Woodward Jr President 1.00
Officer Director
$0 $0 $0
Carole Brand Vice President 1.00
Officer Director
$0 $0 $0
Stephen Hanscom Secretary 1.00
Officer Director
$0 $0 $0
David Flanagan Treasurer 1.00
Officer Director
$0 $0 $0
Mark Fourre MD CEO 0.00
Officer
$0 $33,173 $495,153
Linda Drinkwater CFO 50.00
Officer
$316,002 $35,266 $351,268
Owen Nelson MD Physician 50.00
Highest
$544,665 $21,800 $566,465
Daniel Hebert MD Medical Director 50.00
Highest
$491,328 $34,364 $525,692
Karen Miller MD Physician ENT 50.00
Highest
$482,945 $33,275 $516,220
John Pagonis MD Physician 50.00
Highest
$450,787 $35,099 $485,886
David Ferguson MD Physician 50.00
Highest
$444,218 $33,787 $478,005
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $27,810,737 $24,734,617 No data $3,076,120
2018 $109,185,533 $98,280,877 $167,900,112 $10,904,656
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