Franklin Memorial Hospital (EIN 010211503) - 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

1926

Legal Domicile

Principal Officer

Timothy Churchill

Phone

2077792500

Tax Period

2018-10-01 to 2019-01-01

Franklin Memorial Hospital is a 501(c)(3) with EIN 010211503, based in Farmington, ME. Founded in 1926, the organization files IRS Form 990 and reported its most recent data for fiscal year 2018. In that period, it reported $20,109,518 in total revenue and $22,526,775 in total expenses.

Mission

Community Hospital

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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 (2018)

Revenue Breakdown

Contributions & Grants $20,268

Program Service Revenue $20,081,813

Investment Income $-2,574

Other Revenue $10,011

TOTAL REVENUE $20,109,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,385,069

Fundraising Expenses $0

Program Expenses $18,859,291

Other Expenses $9,141,706

TOTAL EXPENSES $22,526,775

Year-over-Year Comparison

	2018	2017	Change
Revenue	$20,109,518	$81,498,215	-0.8%
Expenses	$22,526,775	$86,407,106	-0.7%
Net Income	$-2,417,257	$-4,908,891	-0.5%

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

826

Volunteers

105

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

$835,239

Total Directors

$2,460,377

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Madelyn Besse	Director	1.00	Director	$0	$0	$0
Connie Coggins	Director	1.00	Director	$0	$0	$0
Darryl Wood	Director	1.00	Director	$0	$0	$0
David Dixon MD	Director	1.00	Director	$0	$0	$0
Jack Peck	Director	1.00	Director	$0	$0	$0
Katherine Heer DMD	Director	1.00	Director	$0	$0	$0
Michael Cormier	Director	1.00	Director	$0	$0	$0
Michele McCormick MD	Director	1.00	Director	$0	$0	$0
Peter Judkins	Director	1.00	Director	$0	$0	$0
Ronald Aseltine Esq	Director	1.00	Director	$0	$0	$0
Sheena Bunnell	Director	1.00	Director	$0	$0	$0
Stephen Goss DO	Medical Staff Pres.	50.00	Director	$225,377	$34,368	$259,745
William L Caron Jr	MH CEO	1.00	Director	$0	$120,606	$1,676,435
Clint Boothby	Chairman	1.00	Officer Director	$0	$0	$0
Gilly Hitchcock	Vice Chair	1.00	Officer Director	$0	$0	$0
John Bogar	Treasurer	1.00	Officer Director	$0	$0	$0
Connie Adler MD	Secretary	1.00	Officer Director	$33,006	$0	$33,006
Timothy Churchill	President/CEO	1.00	Officer Director	$0	$65,387	$491,191
John Cox	Regional CFO	1.00	Officer	$0	$46,424	$311,042
Christopher Renaud DO	Anesthesiologist	50.00	Highest	$372,490	$33,225	$405,715
Marni Mishler MD	Surgeon	50.00	Highest	$349,430	$33,127	$382,557
Joanie Peter MD	Physician	50.00	Highest	$412,196	$31,862	$444,058
James Lancaster MD	Anesthesiologist	50.00	Highest	$369,118	$30,168	$399,286
Heather Decarolis MD	Anesthesiologist	50.00	Highest	$350,521	$36,225	$386,746

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	$20,109,518	$22,526,775	No data	$-2,417,257
2018	$81,498,215	$86,407,106	$50,598,315	$-4,908,891

Franklin Memorial Hospital