RUMFORD HOSPITAL (EIN 010215227) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

STEVE LITTLESON

Phone

2077952813

Tax Period

2024-07-01 to 2025-06-30

RUMFORD HOSPITAL, founded in 1974, is a mid-sized nonprofit in the Health Care sector that reported $53.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $50.3M left a modest 6% surplus.

Mission

RUMFORD HOSPITAL STRIVES TO PROVIDE EXCEPTIONAL HEALTHCARE SERVICES. THE HOSPITAL DEPENDS ON THE EXPERTISE COMMITMENT AND COMPASSION OF ITS CAREGIVERS TO FULFILL ITS MISSION

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,264,230

Program Service Revenue $51,523,330

Investment Income $516,930

Other Revenue $5,806

TOTAL REVENUE $53,310,296

Expense Breakdown

Grants Paid $2,456

Salaries & Benefits $26,583,689

Fundraising Expenses $0

Program Expenses $43,780,800

Other Expenses $23,751,230

TOTAL EXPENSES $50,337,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,310,296	$57,873,991	-0.1%
Expenses	$50,337,375	$52,150,712	0.0%
Net Income	$2,972,921	$5,723,279	-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

316

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

$2,539,193

Total Directors

$1,846,494

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE LITTLESON	PRESIDENT	3.00	Officer Director	$0	$249,217	$1,090,693
HECTOR TARRAZA	DIRECTOR	3.00	Director	$0	$8,625	$385,088
DAVID SALKO	DIRECTOR	3.00	Director	$0	$40,664	$370,713
DEVORE CULVER	CHAIR	3.00	Officer Director	$0	$0	$0
AUSTIN ALBERT	VICE CHAIR	3.00	Officer Director	$0	$0	$0
MARBEY CHALMERS	DIRECTOR	3.00	Director	$0	$0	$0
JANET KOSKI	DIRECTOR - PART YEAR	3.00	Director	$0	$0	$0
JAMES MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
JOHN MCANUFF	DIRECTOR	3.00	Director	$0	$0	$0
LAURENCE MERLIS	DIRECTOR	3.00	Director	$0	$0	$0
LINDA PEPIN	DIRECTOR	3.00	Director	$0	$0	$0
LOUIS SILVERMAN	DIRECTOR	3.00	Director	$0	$0	$0
GEOFFREY SWIFT	DIRECTOR	3.00	Director	$0	$0	$0
KENNETH WEBB	DIRECTOR	3.00	Director	$0	$0	$0
DAVID PAULOSKY	TREASURER	3.00	Officer	$0	$83,304	$646,853
STEPHANY JACQUES	PRESIDENT BRIDGTON AND RUMFORD HOSPITALS	30.00	Officer	$0	$38,340	$397,613
ELIZABETH SHEW	SECRETARY	3.00	Officer	$0	$64,999	$404,034
THOMAS DELUCA	PHYSICIAN	55.00	Highest	$343,377	$41,945	$385,322
JESSICA KING	PHYSICIAN	55.00	Highest	$334,152	$16,380	$350,532
JESSE LEEDS	PHYSICIAN	55.00	Highest	$327,416	$39,707	$367,123
JULES BODO	PHYSICIAN	55.00	Highest	$260,756	$38,812	$299,568
CAITLIN BEVVINO-RING	PHYSICIAN	55.00	Highest	$256,770	$36,560	$293,330

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	$53,310,296	$50,337,375	$25,282,778	$2,972,921
2024	No data	No data	No data	No data
2023	$60,269,642	$52,943,470	$22,171,837	$7,326,172
2022	$57,844,804	$52,549,112	$20,438,428	$5,295,692
2021	$46,142,304	$42,209,051	$25,999,903	$3,933,253
2020	$43,666,089	$41,301,878	$35,581,182	$2,364,211
2019	$43,050,190	$43,851,830	$26,792,019	$-801,640
2018	$43,311,913	$44,653,556	$26,983,973	$-1,341,643

RUMFORD HOSPITAL