Mid Coast Hospital (EIN 010215911) - 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

1991

Legal Domicile

Principal Officer

Lois N Skillings

Phone

2077290181

Tax Period

2019-10-01 to 2020-09-30

Mid Coast Hospital, founded in 1991, is a major nonprofit that reported $223.3M in total revenue in fiscal year 2019. Revenue decreased 7% compared to the prior year.

Mission

Acute and specialty care hospital

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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 (2019)

Revenue Breakdown

Contributions & Grants $13,136,363

Program Service Revenue $203,706,935

Investment Income $6,488,793

Other Revenue $16,306

TOTAL REVENUE $223,348,397

Expense Breakdown

Grants Paid $31,625

Salaries & Benefits $121,841,462

Fundraising Expenses $0

Program Expenses $205,405,735

Other Expenses $111,800,376

TOTAL EXPENSES $233,673,463

Year-over-Year Comparison

	2019	2018	Change
Revenue	$223,348,397	$239,508,534	-0.1%
Expenses	$233,673,463	$228,751,492	+0.0%
Net Income	$-10,325,066	$10,757,042	-2.0%

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

1873

Volunteers

238

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

$1,274,159

Total Directors

$1,038,609

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Miguel Arguedas MD	Physician	41.50	Highest	$687,849	$48,817	$736,666
Michael Mason MD	Physician	41.50	Highest	$636,545	$47,619	$684,164
Calin Stoicov MD	Physician	41.50	Highest	$584,472	$42,053	$626,525
Benjamin Lowenstein MD	Physician	41.50	Highest	$569,885	$41,664	$611,549
Peter Hutchinson MD	Physician	41.50	Highest	$541,987	$42,818	$584,805
Lois N Skillings	President/CEO	30.50	Officer Director	$0	$91,487	$566,900
Robert McCue	Former CFO	0.00		$0	$21,509	$529,920
Patrick Keaney	Former Officer	41.50		$432,669	$41,377	$474,046
Ira Bird MD	Medical Staff Vice President	0.30	Officer Director	$420,891	$42,818	$463,709
Michael Perry	CFO	30.50	Officer	$0	$65,321	$235,550
Ranjiv Advani MD	Medical Staff President	0.30	Officer Director	$8,000	$0	$8,000
Sherrie Bergman	Director	0.30	Director	$0	$0	$0
Pamela Bowerman	Director	0.30	Director	$0	$0	$0
Lenora Burke	Director	0.30	Director	$0	$0	$0
Robert Cundiff	Director	0.30	Director	$0	$0	$0
John Farnham	Director	0.30	Director	$0	$0	$0
Charles Frizzle	Director	0.30	Director	$0	$0	$0
Ted Huskins	Director	0.30	Director	$0	$0	$0
Connie Jones	Director	0.30	Director	$0	$0	$0
Margo Knight	Director	0.30	Director	$0	$0	$0
Bruce McGlauflin	Director	0.30	Director	$0	$0	$0
John Moncure	Director	0.30	Director	$0	$0	$0
Daniel Morgenstern MD	Director	0.30	Director	$0	$0	$0
John G Morse IV	Director	0.30	Director	$0	$0	$0
Dean Paterson	Director	0.30	Director	$0	$0	$0
Barbara Reinertsen	Director	0.30	Director	$0	$0	$0
Sue Spann	Director	0.30	Director	$0	$0	$0
Lloyd Van Lunen	Director	0.30	Director	$0	$0	$0
Joan Shea	Director/Aux. President	0.30	Director	$0	$0	$0
Sandra Morrell Rooney	Chairperson	0.30	Officer Director	$0	$0	$0
Glenn L Hutchinson	Vice Chairperson	0.30	Officer Director	$0	$0	$0
Matthew Orlando	Treasurer	0.30	Officer Director	$0	$0	$0
Charles Bridge	Secretary	0.30	Officer Director	$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
2020	$223,348,397	$233,673,463	$233,202,756	$-10,325,066
2020	$59,625,535	$62,566,306	No data	$-2,940,771
2019	$239,508,534	$228,751,492	$212,749,054	$10,757,042
2018	$214,567,867	$208,569,627	$204,691,719	$5,998,240

Mid Coast Hospital