CENTRAL MAINE MEDICAL CENTER (EIN 010211494) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1888

Legal Domicile

Principal Officer

STEVE LITTLESON

Phone

2077952813

Tax Period

2023-07-01 to 2024-06-30

CENTRAL MAINE MEDICAL CENTER is a 501(c)(3) with EIN 010211494, based in LEWISTON, ME. Founded in 1888, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $513,393,508 in total revenue and $541,079,398 in total expenses, with net assets of $85,264,231.

Mission

CMMC STRIVES TO PROVIDE EXCEPTIONAL HEALTHCARE SERVICES. THE HOSPITAL DEPENDS ON THE EXPERTISE OF ITS CAREGIVERS IN ADDITION TO THE COMMITMENT AND COMPASSION THEY PROVIDE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,375,180

Program Service Revenue $505,973,451

Investment Income $699,331

Other Revenue $1,345,546

TOTAL REVENUE $513,393,508

Expense Breakdown

Grants Paid $14,031

Salaries & Benefits $290,904,561

Fundraising Expenses $351,625

Program Expenses $464,777,014

Other Expenses $250,160,806

TOTAL EXPENSES $541,079,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$513,393,508	$505,370,274	+0.0%
Expenses	$541,079,398	$524,702,104	+0.0%
Net Income	$-27,685,890	$-19,331,830	+0.4%

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

2601

Volunteers

1400

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

$2,355,104

Total Directors

$984,964

Key Employees

$6,138,014

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTIN ALBERT	VICE CHAIR	3.00	Officer Director	$0	$0	$0
MARNEY CHALMERS	DIRECTOR	3.00	Director	$0	$0	$0
DEVORE CULVER	CHAIR PERSON/ DIRECTOR	3.00	Officer Director	$0	$0	$0
JANET HALL KOSKI	DIRECTOR	3.00	Director	$0	$0	$0
JAMES MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
JOHN MCANUFF	DIRECTOR	3.00	Director	$0	$0	$0
LAURENCE MERLIS	DIRECTOR	3.00	Director	$0	$0	$0
LINDA PEPIN	DIRECTOR	3.00	Director	$0	$0	$0
LOUIS SILVERMAN	DIRECTOR	3.00	Director	$0	$0	$0
GEOFFREY SWIFT	DIRECTOR	3.00	Director	$0	$0	$0
KENNETH WEBB	DIRECTOR	3.00	Director	$0	$0	$0
DAVID SALKO	PHYSICIAN/DIRECTOR	3.00	Director	$0	$34,665	$416,424
HECTOR TARRAZA	PHYSICIAN/DIRECTOR	3.00	Director	$560,290	$8,250	$568,540
STEVE LITTLESON	PRESIDENT/DIRECTOR	3.00	Officer	$0	$228,295	$1,399,269
DAVID PAULOSKY	TREASURER	3.00	Officer	$0	$81,466	$637,707
ELIZABETH SHEW	SECRETARY	3.00	Officer	$0	$32,754	$318,128
LAUREN ADEY	DIVISION CHIEF	55.00	Key Emp	$696,868	$36,915	$733,783
MICHAEL BERLOWITZ	DIVISION CHIEF	55.00	Key Emp	$894,293	$27,232	$921,525
KANISHKA BHATTACHARYA	DIVISION CHIEF	55.00	Key Emp	$834,525	$9,030	$843,555
REBECCA BRAKELEY	DIVISION CHIEF	55.00	Key Emp	$327,123	$41,666	$368,789
TIMOTHY COUNIHAN	DIVISION CHIEF	55.00	Key Emp	$608,742	$33,196	$641,938
TASHA DUVAL	DIVISION CHIEF	55.00	Key Emp	$434,136	$38,073	$472,209
CLAUDIA GEYER	DIVISION CHIEF	55.00	Key Emp	$355,751	$42,468	$398,219
MICHAEL STADNICKI	DIVISION CHIEF	55.00	Key Emp	$368,226	$35,725	$403,951
SHELDON STEVENSON	DIVISION CHIEF	55.00	Key Emp	$467,542	$38,195	$505,737
ERWEY TENG	DIVISION CHIEF	55.00	Key Emp	$809,132	$39,176	$848,308
GUSTAVO CHURRANGO	PHYSICIAN	55.00	Highest	$776,804	$40,099	$816,903
CARMINE FRUMIENTO	PHYSICIAN	55.00	Highest	$945,267	$39,099	$984,366
WINOAH HENRY	PHYSICIAN	55.00	Highest	$765,836	$39,696	$805,532
JOHN HIGGINS	PHYSICIAN	55.00	Highest	$856,141	$40,696	$896,837
PETER HIGGINS	PHYSICIAN	55.00	Highest	$900,615	$39,134	$939,749

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	$513,393,508	$541,079,398	$265,327,359	$-27,685,890
2023	$505,370,274	$524,702,104	$283,328,323	$-19,331,830
2022	$480,340,522	$505,655,406	$283,418,187	$-25,314,884
2021	$415,757,957	$434,860,444	$261,602,490	$-19,102,487
2020	$396,713,032	$415,280,794	$300,463,191	$-18,567,762
2019	$393,163,912	$412,471,854	$262,579,641	$-19,307,942
2018	$399,902,346	$409,927,563	$268,852,897	$-10,025,217

CENTRAL MAINE MEDICAL CENTER