THE BLUE HILL MEMORIAL HOSPITAL NORTHERN LIGHT BLUE HILL HOSPITAL (EIN 010227195) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1924

Legal Domicile

Principal Officer

John Doyle

Phone

2079739081

Tax Period

2023-10-01 to 2024-09-30

THE BLUE HILL MEMORIAL HOSPITAL NORTHERN LIGHT BLUE HILL HOSPITAL is a 501(c)(3) with EIN 010227195, based in BLUE HILL, ME. Founded in 1924, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $43,707,626 in total revenue and $41,252,605 in total expenses, with net assets of $40,212,409.

Mission

The Blue Hill Memorial Hospital d/b/a Northern Light Blue Hill Hospital is dedicated to improving the health and wellness of our communities by providing primary and specialty health care of outstanding quality and caring for our patients with respect and compassion.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,124,521

Program Service Revenue $41,680,547

Investment Income $227,836

Other Revenue $674,722

TOTAL REVENUE $43,707,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,835,605

Fundraising Expenses $0

Program Expenses $35,450,712

Other Expenses $18,417,000

TOTAL EXPENSES $41,252,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,707,626	$44,874,396	0.0%
Expenses	$41,252,605	$42,350,125	0.0%
Net Income	$2,455,021	$2,524,271	0.0%

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

266

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

$5,698,696

Total Directors

$3,219,505

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Dentry NLH PresCEO	Ex-officio	2.00	Officer Director	$0	$65,850	$1,957,524
Anthony Filer	Treasurer-Pt Yr	2.00	Officer	$0	$67,850	$853,903
Surapaneni Ramanadha Rao	Surgeon	50.00		$712,589	$45,941	$758,530
Paul Bolin	Former SVP & CHRO	0.00		$0	$112,842	$648,086
George Eaton Chief Legal Offi	Secretary	2.00	Officer	$0	$54,658	$570,811
John Ronan	Ex-officio-Pres	25.00	Officer Director	$223,261	$95,346	$541,868
Glenn Martin	Former SVP-Chief Legal Officer	0.00		$0	$3,969	$427,022
Dennis Desilvey	Physician	50.00		$344,741	$58,108	$402,849
Timothy Cobb	Physician	50.00		$346,278	$49,694	$395,972
Mike Murnik MD	VP Senior Phys	45.00	Officer	$283,303	$56,200	$370,981
Kurt L Judson	PA-Orthopedics	50.00		$293,801	$46,394	$340,195
Wendy Merchant	VP, Finance	25.00	Officer	$122,072	$57,310	$301,455
Anthony Fusco DO	Ex-Officio	50.00	Director	$247,775	$35,524	$283,299
Joseph Gaetano	VP, Operations	25.00	Officer	$124,202	$22,850	$271,254
Noah Lundy	VP, HR-East Reg	18.00	Officer	$81,254	$34,609	$266,764
Kristin Cyr	VP Nursing	25.00	Officer	$114,827	$31,334	$260,988
Lisa Lesko	Physician	50.00		$205,610	$43,669	$249,279
Nicholas Vachon DPM	Ex-officio	2.00	Director	$0	$28,691	$224,782
Anita Kolisch MD	Ex-officio	2.00	Director	$0	$37,952	$212,032
Ann-Margaret Shaheen	VP Nursing	48.00	Officer	$120,614	$36,270	$163,232
Stephanie Baillargeon	VP Nursing	25.00	Officer	$56,564	$26,788	$139,916
Sheryl Edgecomb	Trustee	2.00	Director	$0	$0	$0
Sally Hutchins	Trustee-Chair	2.00	Officer Director	$0	$0	$0
Karen Stanley	Trustee	2.00	Director	$0	$0	$0
Kevin Tesseo	Trustee-V Chair	2.00	Officer Director	$0	$0	$0
Jacob Taylor	Trustee	2.00	Director	$0	$0	$0
Michael Hockenbury	Trustee	2.00	Director	$0	$0	$0
Edward Clayton	Trustee	2.00	Director	$0	$0	$0
Vicki Hall	Trustee	2.00	Director	$0	$0	$0
Michele Francis	Trustee	2.00	Director	$0	$0	$0
D Scott Miller	Trustee	2.00	Director	$0	$0	$0
Nancy McKay	Trustee	2.00	Director	$0	$0	$0
Brendon Reay	Trustee	2.00	Director	$0	$0	$0
James Rohrbaugh CPA SVPCFO	Treasurer	2.00	Officer	$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
2024	$43,707,626	$41,252,605	$78,030,311	$2,455,021
2023	$44,874,396	$42,350,125	$78,607,104	$2,524,271
2022	$49,695,343	$39,753,440	$57,820,641	$9,941,903
2021	$45,377,648	$39,293,234	$47,196,358	$6,084,414
2020	$40,461,149	$37,597,913	$34,017,992	$2,863,236
2019	$39,618,241	$37,832,086	$24,288,925	$1,786,155
2018	$64,311,422	$59,433,208	$22,037,507	$4,878,214

THE BLUE HILL MEMORIAL HOSPITAL NORTHERN LIGHT BLUE HILL HOSPITAL