FAIRVIEW HOSPITAL INC

EIN: 010222130 501(c)(3) Health Care

SKOWHEGAN, ME

Total Revenue
$596,860
Total Expenses
$180,110
Total Assets
$6,645,286
Net Assets
$6,645,286
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
ME
Principal Officer
RICHARD D WILLET
Phone
2074745121
Tax Period
2024-07-01 to 2025-06-30

FAIRVIEW HOSPITAL INC, founded in 1952, is a small nonprofit in the Health Care sector that reported $597K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $417K, a strong 70% operating margin.

Mission

FAIRVIEW HOSPITAL INC'S SOLE PURPOSE IS TO OPERATE TO SUPPORT AND BENEFIT REDINGTON-FAIRVIEW GENERAL HOSPITAL, A 501(C)(3) ORGANIZATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $596,860
Other Revenue $0
TOTAL REVENUE $596,860

Expense Breakdown

Grants Paid $130,094
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $130,094
Other Expenses $50,016
TOTAL EXPENSES $180,110

Year-over-Year Comparison

2024 2023 Change
Revenue $596,860 $428,523 +0.4%
Expenses $180,110 $152,933 +0.2%
Net Income $416,750 $275,590 +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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
N/A

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
$503,770
Total Directors
4
$386,621
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD D WILLET SECRETARY, N 2.00
Officer
$0 $31,110 $503,770
GINA GOMEZ DIRECTOR 2.00
Director
$0 $29,442 $386,621
SALLY DWYER DIRECTOR N/A
Director
$0 $0 $0
DEBBI HIGHT DIRECTOR N/A
Director
$0 $0 $0
JEFFREY SPRAGUE DIRECTOR N/A
Director
$0 $0 $0
L JOSEPH CLARK PRESIDENT N/A
$0 $0 $0
CHRISTOPHER PERKINS VICE PRESIDE N/A
$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 $596,860 $180,110 $6,645,286 $416,750
2024 $428,523 $152,933 $6,210,406 $275,590
2023 $295,589 $144,202 $5,600,796 $151,387
2022 $443,389 $134,140 $5,367,784 $309,249
2021 $429,942 $114,661 $5,721,377 $315,281
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