Farmington, ME
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)Franklin Memorial Hospital, founded in 1926, is a mid-sized nonprofit that reported $20.1M in total revenue in fiscal year 2018. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $22.5M exceeded revenue, resulting in a 12% operating deficit.
TO PROVIDE HIGH-QUALITY, COST-EFFECTIVE, PATIENT-CENTERED HEALTHCARE TO OUR WEST CENTRAL MAINE COMMUNITY. WE WORK WITH OUR COMMUNITY AND OTHER HEALTHCARE PROVIDERS TO INTEGRATE SERVICES AND ENSURE THE HEALTH OF OUR COMMUNITY.
FMH ROUTINE INPATIENT AND ANCILLARY OUTPATIENT SERVICES FRANKLIN MEMORIAL HOSPITAL IS A NON-FOR-PROFIT COMMUNITY HOSPITAL WHICH PROVIDES HIGH-QUALITY, COST-EFFECTIVE, PATIENT-CENTERED INPATIENT AND...
FMH ROUTINE INPATIENT AND ANCILLARY OUTPATIENT SERVICES FRANKLIN MEMORIAL HOSPITAL IS A NON-FOR-PROFIT COMMUNITY HOSPITAL WHICH PROVIDES HIGH-QUALITY, COST-EFFECTIVE, PATIENT-CENTERED INPATIENT AND OUTPATIENT HEALTHCARE SERVICES TO THE WEST CENTRAL MAINE COMMUNITY. THE 65-BED HOSPITAL IS FULLY QUALIFIED AND ACCREDITED TO HANDLE A BROAD RANGE OF MEDICAL, SURGICAL, PEDIATRIC, WOMEN'S CARE AND DIAGNOSTIC SERVICES. FRANKLIN MEMORIAL HOSPITAL OFFERS TOP QUALITY SPECIALTY CARE INCLUDING ROUTINE ADULT, PEDIATRIC AND INTENSIVE CARE INPATIENT SERVICES AS WELL AS A VARIETY OF OUTPATIENT SERVICES INCLUDING ONCOLOGY, HEMATOLOGY, CARDIOLOGY, OTOLARYNGOLOGY, ORTHOPEDICS, BEHAVIORAL SERVICES, OCCUPATIONAL HEALTH, PULMONOLOGY, PAIN MANAGEMENT, PEDIATRIC ENDOCRINOLOGY, PHYSICAL REHABILITATION, SPORTS MEDICINE. DURING THE THREE MONTHS ENDING DECEMBER 31, 2018 THERE WERE 461 INPATIENT DISCHARGES, 394 OUTPATIENT SURGERIES, 60,603 OUTPATIENT LAB TESTS AND 11,054 OUTPATIENT IMAGING PROCEDURES.
FRANKLIN HEALTH PHYSICIAN PRACTICES FRANKLIN MEMORIAL HOSPITAL IDENTIFIED ACCESS TO PRIMARY CARE AS A CENTRAL COMMUNITY NEED AND IS COMMITTED TO PROVIDING HIGH QUALITY PHYSICIAN SERVICES OF FAMILY...
FRANKLIN HEALTH PHYSICIAN PRACTICES FRANKLIN MEMORIAL HOSPITAL IDENTIFIED ACCESS TO PRIMARY CARE AS A CENTRAL COMMUNITY NEED AND IS COMMITTED TO PROVIDING HIGH QUALITY PHYSICIAN SERVICES OF FAMILY PRACTICE, INTERNAL MEDICINE, PEDIATRICS AND WOMEN'S CARE. IN ADDITION, FRANKLIN MEMORIAL HOSPITAL OFFERS A VARIETY OF SPECIALTY CARE SERVICES INCLUDING DERMATOLOGY, SURGERY, ORTHOPEDICS, UROLOGY AND BEHAVIORAL HEALTH SERVICES. DURING THE THREE MONTHS ENDING DECEMBER 31, 2018 FRANKLIN MEMORIAL HOSPITAL PROVIDED 15,026 PRIMARY CARE VISITS AND 4,778 SPECIALTY CARE VISITS IN THE FRANKLIN HEALTH PHYSICIAN PRACTICES.
EMERGENCY ROOM FRANKLIN MEMORIAL HOSPITAL OPERATES AN EMERGENCY DEPARTMENT WHICH OPERATES 24 HOURS A DAY SEVEN DAYS A WEEK. THE EMERGENCY DEPARTMENT SERVES AS THE PRIMARY CARE PHYSICIAN FOR A NUMBER...
EMERGENCY ROOM FRANKLIN MEMORIAL HOSPITAL OPERATES AN EMERGENCY DEPARTMENT WHICH OPERATES 24 HOURS A DAY SEVEN DAYS A WEEK. THE EMERGENCY DEPARTMENT SERVES AS THE PRIMARY CARE PHYSICIAN FOR A NUMBER OF LOW INCOME AND INDIGENT RESIDENTS OF THE WEST CENTRAL MAINE COMMUNITY. GIVEN FRANKLIN MEMORIAL HOSPITAL'S COMMITMENT TO ACCESS TO CARE REGARDLESS OF THE ABILITY TO PAY, THE EMERGENCY DEPARTMENT SERVES A VITAL ROLE IN THE COMMUNITY'S HEALTH CARE NETWORK. DURING THREE MONTHS ENDING DECEMBER 31, 2018 FRANKLIN MEMORIAL HOSPITAL HAD 3,471 EMERGENCY ROOM VISITS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare Franklin Memorial Hospital with other nonprofits in Maine and across the country.