Calais Regional Hospital

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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

1938

Legal Domicile

Principal Officer

Mark Stickney

Phone

2074547521

Tax Period

2021-01-01 to 2021-12-31

Calais Regional Hospital, founded in 1938, is a mid-sized nonprofit that reported $21.2M in total revenue in fiscal year 2021. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8.5M, a strong 40% operating margin.

Mission

Calais Regional Hospital exists to provide and plan patient care, educational and restorative services that meet our customer's expectations, commensurate with available resources.

Program Service Accomplishments

Program 1

Expenses: $9,306,845 Revenue: $13,394,554

Calais Regional Hospital is a not-for-profit acute care hospital. Until the divestiture of its business line on June 30, 2021, the Hospital provided inpatient, outpatient, emergency care, and swing bed care, primarily to residents of Washington County, Maine. Since 2001, the Hospital operated as a Critical Access Hospital (CAH).

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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 (2021)

Revenue Breakdown

Contributions & Grants $90,581

Program Service Revenue $13,394,554

Investment Income $-9,906,008

Other Revenue $17,576,325

TOTAL REVENUE $21,155,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,786,617

Fundraising Expenses $0

Program Expenses $9,306,845

Other Expenses $6,892,662

TOTAL EXPENSES $12,679,279

Year-over-Year Comparison

	2021	2020	Change
Revenue	$21,155,452	$30,190,392	-0.3%
Expenses	$12,679,279	$26,852,605	-0.5%
Net Income	$8,476,173	$3,337,787	+1.5%

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

N/A

Independent Members

N/A

Employees

222

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

$137,774

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronald McAlpine	Past Chair	4.00	Officer Director	$0	$0	$0
Everett Libby	Past Vice Chair	4.00	Officer Director	$0	$0	$0
Merritt Loring	Past Treasurer	4.00	Officer Director	$0	$0	$0
Michael Todd Smith	Past Secretary	6.00	Officer Director	$0	$0	$0
Lawerence Clark	Past Director	4.00	Director	$0	$0	$0
Sussan Coley	Past Director	4.00	Director	$0	$0	$0
Robert Fitzsimmons	Past Director	4.00	Director	$0	$0	$0
Britani Holloway	Past Director	6.00	Director	$0	$0	$0
Ian Pratt	Past Director	4.00	Director	$0	$0	$0
Susan Rowley	Past Director	4.00	Director	$0	$0	$0
James Thompson	Past Director	4.00	Director	$0	$0	$0
Rodney Boula	Past CEO	40.00	Officer	$73,141	$2,185	$75,326
Mark Smith	Past CFO	40.00	Officer	$58,848	$0	$58,848
Galen Dickinson	Past CFO	40.00	Officer	$3,600	$0	$3,600
Peter Wilkinson DO	Past Physician	40.00	Highest	$184,044	$12,480	$196,524
Mohammad Niayesh MD	Past Physician	40.00	Highest	$135,142	$20,596	$155,738
Nima Moghaddas DPM	Past Physician	40.00	Highest	$120,988	$17,980	$138,968
Elizabeth Eliacin MD	Past Physician	40.00	Highest	$114,208	$1,164	$115,372

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
2021	$21,155,452	$12,679,279	No data	$8,476,173
2020	$30,190,392	$26,852,605	$21,440,962	$3,337,787
2019	$28,960,102	$30,044,567	$20,154,881	$-1,084,465
2018	$29,910,789	$30,465,638	$20,093,835	$-554,849