Maine Coast Regional Health Facili… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

John J Doyle

Phone

2079739081

Tax Period

2023-10-01 to 2024-09-30

Maine Coast Regional Health Facilities Northern Light Maine Coast Hospital, founded in 1964, is a major nonprofit in the Health Care sector that reported $117.8M in total revenue in fiscal year 2023.

Mission

The Hospital is a not-for-profit entity established to provide health care services through its acute care facility and physician practices.

Program Service Accomplishments

Program 1

Expenses: $96,437,475 Revenue: $115,317,985

Provided healthcare services regardless of ability to pay as well as education and promotion of health. Admissions 1,954Patient Days 9,059Average Stay 4.6 daysClinic Visits:Primary Care...

Provided healthcare services regardless of ability to pay as well as education and promotion of health. Admissions 1,954Patient Days 9,059Average Stay 4.6 daysClinic Visits:Primary Care 44,605Specialty Care 32,592Emergency Room Visits 10,466Surgical Cases - Inpatient 429Surgical Cases - Outpatient 1,899Laboratory Tests: 256,215Radiology Exams:Diagnostic Radiology 16,474Ultrasound 7,099CT Scan 9,614Mammography 4,191Nuclear Medicine 803MRI 2,185Physical, Occupational & Speech Therapy 75,271Births 246

Program 2

Expenses: $7,699,416

Experienced Medicare shortfall (at cost). 6,753 persons served.

Program 3

Expenses: $4,749,609

Experienced Medicaid shortfall (at cost). 10,520 persons served.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,472,227

Program Service Revenue $112,802,839

Investment Income $24,583

Other Revenue $2,515,146

TOTAL REVENUE $117,814,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,394,476

Fundraising Expenses $0

Program Expenses $109,107,674

Other Expenses $63,921,930

TOTAL EXPENSES $118,316,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,814,795	$118,951,465	0.0%
Expenses	$118,316,406	$111,529,894	+0.1%
Net Income	$-501,611	$7,421,571	-1.1%

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

643

Volunteers

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

$6,127,963

Total Directors

$3,219,505

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Dentry	Ex Officio	1.00	Officer Director	$0	$65,850	$1,957,524
John Califano	Physician	50.00		$997,141	$39,758	$1,036,899
Anthony Filer	Treasurer-Pt Yr	1.00	Officer	$0	$67,850	$853,903
Daniel B Kairys	Physician	50.00		$723,468	$48,029	$771,497
Peter Copithorne	Physician	50.00		$712,019	$45,837	$757,856
Paul F Bolin	Former SVP & CHRO	0.00		$0	$112,842	$648,086
Davor Sklizovic	Physician	50.00		$561,745	$44,760	$606,505
George Eaton	Secretary	1.00	Officer	$0	$54,658	$570,811
Dylan Jacobus	Physician	50.00		$534,371	$30,974	$565,345
John Ronan	President	25.00	Officer Director	$223,261	$95,346	$541,868
Sheena Whittaker MD	VP Sr Phys Exec	50.00	Officer	$388,181	$41,086	$429,267
Glenn Martin	Former SVP-Chief Legal Officer	0.00		$0	$3,969	$427,022
Mike Murnik	VP Sr Phys Exec	5.00	Officer	$31,478	$56,200	$370,981
Wendy Merchant	VP, Finance	25.00	Officer	$122,072	$57,310	$301,455
Anthony Fusco	Trustee	1.00	Director	$0	$35,524	$283,299
Joseph Gaetano	VP Operations	25.00	Officer	$124,202	$22,850	$271,254
Noah Lundy	VP HR-East Reg	18.00	Officer	$81,254	$34,609	$266,764
Kristin Cyr	VP Patient Care	25.00	Officer	$114,827	$31,334	$260,988
Nicholas Vachon DPM	Pres Med Staff	50.00	Director	$196,091	$28,691	$224,782
Anita Kolisch MD	Pres Med Staff	25.00	Director	$174,080	$37,952	$212,032
Ann Margaret Shaheen	VP Patient Care	3.00	Officer	$6,348	$36,270	$163,232
Stephanie Baillargeon	VP Patient Care	25.00	Officer	$56,564	$26,788	$139,916
Jacob Taylor	Trustee	1.00	Director	$0	$0	$0
Karen Stanley	Trustee	1.00	Director	$0	$0	$0
Sheryl Edgecomb	Trustee	1.00	Director	$0	$0	$0
Michele Francis	Trustee	1.00	Director	$0	$0	$0
Sally Hutchins	Chairman	2.00	Officer Director	$0	$0	$0
Edward Clayton	Trustee	1.00	Director	$0	$0	$0
Vicki Hall	Trustee	1.00	Director	$0	$0	$0
D Scott Miller	Trustee	1.00	Director	$0	$0	$0
Nancy McKay	Trustee	1.00	Director	$0	$0	$0
Michael Hockenbury	Trustee	1.00	Director	$0	$0	$0
Brendon Reay	Trustee	1.00	Director	$0	$0	$0
Kevin Tesseo	Trustee/V Chair	1.00	Officer Director	$0	$0	$0
James Rohrbaugh CPA	Treasurer	1.00	Officer	$0	$0	$0

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
2024	$117,814,795	$118,316,406	$80,771,363	$-501,611
2023	$118,951,465	$111,529,894	$77,096,244	$7,421,571
2022	$108,339,833	$103,582,586	$65,755,146	$4,757,247
2021	$92,170,287	$92,995,961	$76,269,482	$-825,674
2020	$81,449,460	$86,652,122	$64,403,049	$-5,202,662
2019	$85,024,169	$82,946,003	$99,093,575	$2,078,166
2018	$182,294,481	$186,390,995	$61,813,387	$-4,096,514

Maine Coast Regional Health Facilities Northern Light Maine Coast Hospital