Castine Community 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

1928

Legal Domicile

Principal Officer

Robert Vagt

Phone

2073264348

Tax Period

2024-05-01 to 2025-04-30

Castine Community Hospital, founded in 1928, is a small nonprofit in the Health Care sector that reported $237K in total revenue in fiscal year 2024. The organization ran a surplus of $55K, a strong 23% operating margin.

Mission

The purposes of the Corporation are to maintain and support physician-directed health care and to engage in and conduct charitable, educational and scientific activities.

Program Service Accomplishments

Program 1

Expenses: $133,080 Revenue: $26,207

Support for rural health division of Blue Hill Memorial Hospital to provide health care service in the Castine area. Direct care was not provided.

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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 $154,812

Program Service Revenue $26,207

Investment Income $55,881

Other Revenue $0

TOTAL REVENUE $236,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $30,000

Program Expenses $133,080

Other Expenses $151,681

TOTAL EXPENSES $181,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,900	$239,229	0.0%
Expenses	$181,681	$199,806	-0.1%
Net Income	$55,219	$39,423	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth O Lastati	Director	0.30	Director	$0	$0	$0
Jeff Ackerman	Director	0.30	Director	$0	$0	$0
Sara B Leighton	Director	0.30	Director	$0	$0	$0
Deborah J Neve	Secretary	0.30	Officer Director	$0	$0	$0
Robert Vagt	President	0.30	Officer Director	$0	$0	$0
Jinnie Perkins	Vice President	0.30	Officer Director	$0	$0	$0
Mark Morgioni	Treasurer	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
2025	$236,900	$181,681	$5,301,468	$55,219
2024	$239,229	$199,806	$4,781,600	$39,423
2023	$182,901	$124,382	$4,089,047	$58,519
2022	$217,847	$69,953	$4,055,448	$147,894
2021	$160,280	$76,671	$3,930,952	$83,609
2020	$156,406	$63,373	$2,861,031	$93,033
2019	$145,671	$67,739	$2,846,092	$77,932