CENTRAL MAINE MEDICAL CENTER

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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

1888

Legal Domicile

Principal Officer

STEVE LITTLESON

Phone

2077952813

Tax Period

2024-07-01 to 2025-06-30

CENTRAL MAINE MEDICAL CENTER, founded in 1888, is a major nonprofit in the Health Care sector that reported $547.5M in total revenue in fiscal year 2024.

Mission

TO PROVIDE EXCEPTIONAL HEALTHCARE SERVICES IN A SAFE AND TRUSTFULENVIRONMENT THROUGH THE EXPERTISE, COMMITMENT AND COMPASSION OF OURFAMILY OF CAREGIVERS.

Program Service Accomplishments

Program 1

Expenses: $492,210,843 Revenue: $535,036,556

CENTRAL MAINE MEDICAL CENTER IS A 250-BED, NOT-FOR-PROFIT HOSPITAL LOCATED IN LEWISTON, MAINE OFFERING COMPREHENSIVE HEALTHCARE SERVICES TO THE RESIDENTS OF THE CENTRAL AND WESTERN MAINE REGION WITH AN ACTIVE MEDICAL STAFF OF MORE THAN 300 PHYSICIANS REPRESENTING SOME 30 SPECIALTIES. WITH OVER 2,000 HIGHLY SKILLED EMPLOYEES AND THE SUPPORT OF THE LATEST TECHNOLOGIES, CMMC IS WELL POSITIONED TO MEET THE REGION'S HEALTHCARE NEEDS WITH THE UTMOST COMPASSION, KINDNESS, AND UNDERSTANDING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,323,324

Program Service Revenue $535,764,999

Investment Income $7,862,166

Other Revenue $-447,037

TOTAL REVENUE $547,503,452

Expense Breakdown

Grants Paid $28,911

Salaries & Benefits $287,389,952

Fundraising Expenses $290,509

Program Expenses $492,210,843

Other Expenses $266,381,984

TOTAL EXPENSES $553,800,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$547,503,452	$513,393,508	+0.1%
Expenses	$553,800,847	$541,079,398	+0.0%
Net Income	$-6,297,395	$-27,685,890	-0.8%

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

2682

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

$2,141,580

Total Directors

$755,801

Key Employees

$6,256,880

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEVORE CULVER	CHAIR	3.00	Officer Director	$0	$0	$0
AUSTIN ALBERT	VICE CHAIR	3.00	Officer Director	$0	$0	$0
MARNEY CHALMERS	DIRECTOR	3.00	Director	$0	$0	$0
JANET KOSKI	DIRECTOR - PART YEAR	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
DAVID SALKO	DIRECTOR	55.00	Director	$330,049	$40,664	$370,713
LOUIS SILVERMAN	DIRECTOR	3.00	Director	$0	$0	$0
GEOFFREY SWIFT	DIRECTOR	3.00	Director	$0	$0	$0
HECTOR TARRAZA	DIRECTOR	55.00	Director	$376,463	$8,625	$385,088
KENNETH WEBB	DIRECTOR	3.00	Director	$0	$0	$0
STEVE LITTLESON	PRESIDENT	3.00	Officer	$0	$249,217	$1,090,693
DAVID PAULOSKY	TREASURER	3.00	Officer	$0	$83,304	$646,853
ELIZABETH SHEW	SECRETARY	3.00	Officer	$0	$64,999	$404,034
LAUREN ADEY	DIVISION CHIEF	55.00	Key Emp	$696,370	$41,277	$737,647
MICHAEL BERLOWITZ	CHIEF MEDICAL OFFICER	55.00	Key Emp	$750,172	$40,021	$790,193
KANISHKA BHATTACHARYA	DIVISION CHIEF	55.00	Key Emp	$823,466	$9,444	$832,910
REBECCA BRAKELEY	DIVISION CHIEF	55.00	Key Emp	$478,507	$39,056	$517,563
TIMOTHY COUNIHAN	DIVISION CHIEF	55.00	Key Emp	$635,766	$21,020	$656,786
TASHA DUVAL	DIVISION CHIEF	55.00	Key Emp	$440,651	$41,591	$482,242
TIARA SANBORN	DIVISION CHIEF	55.00	Key Emp	$385,713	$41,709	$427,422
MICHAEL STADNICKI	DIVISION CHIEF	55.00	Key Emp	$370,103	$40,413	$410,516
SHELDON STEVENSON	DIVISION CHIEF	55.00	Key Emp	$586,316	$36,557	$622,873
ERWEY TENG	DIVISION CHIEF	55.00	Key Emp	$737,019	$41,709	$778,728
GUSTAVO CHURRANGO	PHYSICIAN	55.00	Highest	$851,321	$43,906	$895,227
MICHAEL DEFRANCE	PHYSICIAN	55.00	Highest	$807,990	$40,968	$848,958
JOSEPH DELLORFANO	PHYSICIAN	55.00	Highest	$840,523	$38,439	$878,962
CARMINE FRUMIENTO	PHYSICIAN	55.00	Highest	$1,118,741	$42,433	$1,161,174
DIONYSSIOS ROBOTIS	PHYSICIAN	55.00	Highest	$792,435	$37,698	$830,133

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
2025	$547,503,452	$553,800,847	$309,958,011	$-6,297,395
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