Mid Coast Hospital

EIN: 010215911 501(c)(3)

Brunswick, ME

Total Revenue
$223,348,397
Total Expenses
$233,673,463
Total Assets
$233,202,756
Net Assets
$143,632,020
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
ME
Principal Officer
Lois N Skillings
Phone
2077290181
Tax Period
2019-10-01 to 2020-09-30

Mid Coast Hospital is a 501(c)(3) with EIN 010215911, based in Brunswick, ME. Founded in 1991, the organization files IRS Form 990 and reported its most recent data for fiscal year 2019. In that period, it reported $223,348,397 in total revenue and $233,673,463 in total expenses, with net assets of $143,632,020.

Mission

Acute and specialty care hospital

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
22
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
8
$1,274,159
Total Directors
25
$1,038,609
Key Employees
0
$0
Highest Compensated
5
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
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