SOUTHERN MAINE HEALTH CARE (EIN 010179500) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1899

Legal Domicile

Principal Officer

Nathan Howell

Phone

2072837000

Tax Period

2018-10-01 to 2019-01-01

SOUTHERN MAINE HEALTH CARE, founded in 1899, is a mid-sized nonprofit that reported $77.4M in total revenue in fiscal year 2018. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $74.6M left a modest 4% surplus.

Mission

Southern Maine Health Care exists to improve the health and health care of the communities we serve.

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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%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $323,455

Program Service Revenue $74,427,896

Investment Income $1,169,358

Other Revenue $1,489,553

TOTAL REVENUE $77,410,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,901,680

Fundraising Expenses $58,347

Program Expenses $64,776,879

Other Expenses $31,735,172

TOTAL EXPENSES $74,636,852

Year-over-Year Comparison

	2018	2017	Change
Revenue	$77,410,262	$298,118,312	-0.7%
Expenses	$74,636,852	$296,410,749	-0.7%
Net Income	$2,773,410	$1,707,563	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

160

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

$2,407,571

Total Directors

$5,179,168

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BAUMAN ROBERT P	TRUSTEE	1.00	Director	$0	$0	$0
MANNING PETER MD	SECRETARY	1.00	Officer Director	$400,746	$13,612	$414,358
BURGESS DONALD MD	TRUSTEE	1.00	Director	$202,559	$36,926	$239,485
GAINES BERNARD	TRUSTEE	1.00	Director	$0	$0	$0
CARROLL MICHAEL MD	TRUSTEE	1.00	Director	$407,103	$42,282	$449,385
O'HARE MARY MD	TRUSTEE	1.00	Director	$261,783	$12,720	$274,503
QUENTIN ROBERT C	TREASURER	1.00	Officer Director	$0	$0	$0
QUINN-SKILLINGS GINA MD	TRUSTEE	5.00	Director	$0	$47,567	$352,660
GOUDREAU FRANK DO	TRUSTEE	1.00	Director	$664,697	$39,597	$704,294
PERKINS MERILEE	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
HISSONG GEORGE JR	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DOMINE CYNTHIA	TRUSTEE	1.00	Director	$0	$0	$0
BUCK STEVEN	TRUSTEE	1.00	Director	$0	$0	$0
KOWASH PHILIP MD	TRUSTEE	1.00	Director	$280,447	$36,016	$316,463
ZUKE THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
MILLS JOHN	TRUSTEE	1.00	Director	$0	$0	$0
PETERSEN RICHARD	PRESIDENT, MAINEHEALTH	1.00	Director	$0	$104,484	$1,666,813
SANDERS JEFFREY	PRESIDENT, MAINE MEDICAL CENTER	1.00	Director	$0	$70,868	$761,207
APRILE PATRICIA	SENIOR VP/COO	50.00	Officer	$368,807	$34,694	$403,501
MCGEACHEY EDWARD J	FORMER PRESIDENT	50.00	Officer	$444,920	$20,996	$465,916
ALBAUM MICHAEL MD	SENIOR VP/CMO	1.00	Officer	$373,633	$41,625	$415,258
OLSEN RICHARD	SENIOR VP & CFO	50.00	Officer	$312,158	$41,837	$353,995
HOWELL NATHAN	PRESIDENT	50.00	Officer	$330,882	$23,661	$354,543
KHAN MUHAMMAD A MD	PHYSICIAN	50.00	Highest	$995,389	$38,463	$1,033,852
SHERMAN HOWARD B MD	PHYSICIAN	50.00	Highest	$818,819	$37,230	$856,049
THOMPSON JOHN W MD	PHYSICIAN	50.00	Highest	$775,772	$43,972	$819,744
REZA SHABBIR MD	PHYSICIAN	50.00	Highest	$844,675	$37,397	$882,072
JOHNSON DAVID A MD	PHYSICIAN	50.00	Highest	$838,541	$39,226	$877,767

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	$77,410,262	$74,636,852	No data	$2,773,410
2018	$298,118,312	$296,410,749	$266,818,176	$1,707,563

SOUTHERN MAINE HEALTH CARE