REDINGTON MEMORIAL HOSPITAL ASSOC (EIN 010211548) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

RICHARD WILLETT

Phone

2074745121

Tax Period

2023-07-01 to 2024-06-30

REDINGTON MEMORIAL HOSPITAL ASSOC is a 501(c)(3) with EIN 010211548, based in SKOWHEGAN, ME. Founded in 1937, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $2,385,577 in total revenue and $1,097,611 in total expenses, with net assets of $36,964,453.

Mission

REDINGTON MEMORIAL HOSPITAL ASSOCIATION'S SOLE MISSION IS TO OPERATE TO SUPPORT AND BENEFIT REDINGTON FAIRVIEW GENERAL HOSPITAL, A 501(C)(3) ORGANIZATION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,359,818

Other Revenue $25,759

TOTAL REVENUE $2,385,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,490

Fundraising Expenses $0

Program Expenses $872,398

Other Expenses $1,082,121

TOTAL EXPENSES $1,097,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,385,577	$1,575,337	+0.5%
Expenses	$1,097,611	$898,728	+0.2%
Net Income	$1,287,966	$676,609	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$497,430

Total Directors

$237,970

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD WILLETT	SECRETARY, N	2.00	Officer	$0	$11,083	$481,940
MICHAEL LAMBKE MD	DIRECTOR	2.00	Director	$0	$2,813	$237,970
SUSAN D FORBUS	TREASURER, N	8.00	Officer	$15,490	$0	$15,490
SAM HIGHT	DIRECTOR	2.00	Director	$0	$0	$0
ROGER RENFREW MD	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN MOODY	DIRECTOR	2.00	Director	$0	$0	$0
BEVERLY NOONAN	DIRECTOR	2.00	Director	$0	$0	$0
RYAN RUTLEDGE	DIRECTOR	2.00	Director	$0	$0	$0
PETER SCHULTZ	DIRECTOR	2.00	Director	$0	$0	$0
LOUIS HIGHT	PRESIDENT	2.00	Officer	$0	$0	$0
WILLIAM LANEY	VICE PRESIDE	2.00	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
2025	No data	No data	No data	No data
2024	$2,385,577	$1,097,611	$36,970,614	$1,287,966
2023	$1,575,337	$898,728	$33,713,313	$676,609
2022	$2,508,848	$1,106,630	$32,233,915	$1,402,218
2021	$2,383,923	$840,012	$35,554,390	$1,543,911

REDINGTON MEMORIAL HOSPITAL ASSOC