St Mary's Regional Medical Center (EIN 010211551) - 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

1967

Legal Domicile

Principal Officer

Cindy Segar Miller

Phone

2077778100

Tax Period

2023-01-01 to 2023-12-31

St Mary's Regional Medical Center is a 501(c)(3) with EIN 010211551, based in Lewiston, ME. Founded in 1967, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $237,955,693 in total revenue and $267,748,843 in total expenses, with net assets of $-26,302,412.

Mission

We are a Catholic health ministry, providing healing and care for the whole person, in service to all in our communities.

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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 $3,450,346

Program Service Revenue $232,688,435

Investment Income $-27,042

Other Revenue $1,843,954

TOTAL REVENUE $237,955,693

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $113,908,957

Fundraising Expenses $0

Program Expenses $198,161,064

Other Expenses $153,837,886

TOTAL EXPENSES $267,748,843

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,955,693	$222,857,398	+0.1%
Expenses	$267,748,843	$271,412,393	0.0%
Net Income	$-29,793,150	$-48,554,995	-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

1531

Volunteers

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

$2,416,807

Total Directors

$885,190

Key Employees

$456,992

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffery Davila MD	Director	40.20	Director	$682,295	$11,248	$693,543
Anne Brown MD	Director (end 11/2023)	40.30	Director	$152,877	$38,770	$191,647
David Geiger Esq	Director	0.30	Director	$0	$0	$0
Ralph Harder MD	Director	0.60	Director	$0	$0	$0
Lena Jo Hartley	Director	0.60	Director	$0	$0	$0
John Isaacson	Director	0.30	Director	$0	$0	$0
Deacon Denis Mailhot	Director	0.30	Director	$0	$0	$0
Kathy McManus	Director	0.60	Director	$0	$0	$0
Steve Ouellette	Director	0.50	Director	$0	$0	$0
Mark Anthoine	Chair	1.00	Officer Director	$0	$0	$0
Stephen Grubbs	Covenant Health, President & CEO	0.10	Officer	$0	$38,604	$841,706
Cindy Segar-Miller	President & CEO	40.10	Officer	$0	$0	$177,283
Steve Jorgensen	President & CEO (end 8/2023)	40.10	Officer	$0	$22,615	$795,404
Joseph Marino	CFO & Treasurer	40.10	Officer	$221,388	$2,328	$223,716
Donald Bevers	CFO & Treasurer (end 4/2023)	40.10	Officer	$263,613	$25,622	$289,235
Cynthia Scott	Secretary	40.10	Officer	$73,894	$15,569	$89,463
Douglas Smith MD	Chief Medical Officer	40.00	Key Emp	$412,314	$44,678	$456,992
Boris Kovalenko MD	Physician	40.00	Highest	$664,185	$19,829	$684,014
Alycia Reppel MD	Physician	40.00	Highest	$624,813	$52,386	$677,199
Daniel Landry MD	Physician	40.00	Highest	$529,830	$43,223	$573,053
Mark Branda MD	Physician	40.00	Highest	$526,194	$34,543	$560,737
Jon Thompson MD	Physician	40.00	Highest	$496,871	$40,104	$536,975

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	No data	No data	No data	No data
2023	$237,955,693	$267,748,843	$138,282,868	$-29,793,150
2022	$222,857,398	$271,412,393	$129,121,652	$-48,554,995
2021	$248,635,435	$255,597,775	$137,492,595	$-6,962,340
2020	$218,227,466	$230,240,267	$134,146,748	$-12,012,801
2019	$235,124,353	$234,922,491	$147,144,163	$201,862
2018	$208,495,515	$232,868,974	$148,573,306	$-24,373,459

St Mary's Regional Medical Center