MaineHealth

EIN: 010238552 501(c)(3) Health Care

Portland, ME

Total Revenue
$4,114,078,544
Total Expenses
$3,970,262,728
Total Assets
$4,165,602,847
Net Assets
$2,491,599,605
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
ME
Principal Officer
Andrew Mueller MD
Phone
2076617001
Tax Period
2023-10-01 to 2024-09-30

MaineHealth, founded in 1951, is a large national nonprofit in the Health Care sector that reported $4.1B in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.0B left a modest 3% surplus.

Mission

MaineHealth is a voluntary, not-for-profit community and referral system of hospitals, dedicated to providing high quality health care services to all persons who seek care regardless of their sex, race, religion, age, color, sexual orientation, national origin, physical or emotional disability or social or economic status. MaineHealth is also committed to education at the undergraduate, graduate, post-graduate and continuing education levels for physicians, nurses and allied health personnel, and in-service training for support staff all of which are essential to the delivery of quality patient care. Outreach education to other institutions and agencies is also vital to the fulfillment of MaineHealth's mission. MaineHealth also supports basic and clinical research as essential to the advancement of health care.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $93,949,286
Program Service Revenue $3,593,508,908
Investment Income $64,057,934
Other Revenue $362,562,416
TOTAL REVENUE $4,114,078,544

Expense Breakdown

Grants Paid $6,975,131
Salaries & Benefits $2,341,274,781
Fundraising Expenses $5,568,944
Program Expenses $3,311,022,355
Other Expenses $1,622,012,816
TOTAL EXPENSES $3,970,262,728

Year-over-Year Comparison

2023 2022 Change
Revenue $4,114,078,544 $3,690,471,384 +0.1%
Expenses $3,970,262,728 $3,513,572,710 +0.1%
Net Income $143,815,816 $176,898,674 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
23
Independent Members
14
Employees
26951
Volunteers
634

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
$4,530,113
Total Directors
24
$2,354,282
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Terry Trustee 1.00
Director
$0 $0 $0
Quincy Hentzel Trustee 1.00
Director
$0 $0 $0
Matthew C Chin Trustee 1.00
Director
$0 $0 $0
Peter Wood Trustee 1.00
Director
$0 $0 $0
Amanda Rand Esq Trustee 1.00
Director
$0 $0 $0
Stuart H Watson Trustee 1.00
Director
$0 $0 $0
Thomas J Ryan Jr MD FACC Physician 24.00
Director
$328,038 $97,146 $425,184
Brian H Noyes Trustee 1.00
Director
$0 $0 $0
Brett Loffredo MD Physician 50.00
Director
$399,880 $93,130 $493,010
Clint Boothby Esq Trustee 1.00
Director
$0 $0 $0
Daniel Loiselle MD Trustee 1.00
Director
$0 $0 $0
David Kumaki MD FACP Former Physician/Trustee 1.00
Director
$2,015 $60 $2,075
Gregory Dufour Trustee 1.00
Director
$0 $0 $0
Jere G Michelson Trustee 1.00
Director
$0 $0 $0
Sandy Morrell Rooney Trustee 1.00
Director
$0 $0 $0
Kate Herlihy MD MHP Physician 50.00
Director
$265,774 $56,426 $322,200
Lisa Beaule MD VP Physc & APP Svcs - So. Region 50.00
Director
$594,453 $101,835 $696,288
Melissa Smith Trustee 1.00
Director
$0 $0 $0
Morris Fisher Chairman 1.00
Officer Director
$0 $0 $0
Marie J McCarthy Vice Chairman 1.00
Officer Director
$0 $0 $0
Nancy Hasenfus MD Trustee 1.00
Director
$0 $0 $0
Peter Manning MD Physician 50.00
Director
$395,747 $19,778 $415,525
Katherine B Coster Trustee 1.00
Director
$0 $0 $0
Ann Bresnahan Trustee 1.00
Director
$0 $0 $0
Andrew Mueller MD CEO and President 50.00
Officer
$2,222,049 $55,268 $2,277,317
Albert G Swallow III CFO, Board Treasurer 50.00
Officer
$1,275,516 $128,689 $1,404,205
Beth Kelsch General Counsel, Board Secretary 50.00
Officer
$752,576 $96,015 $848,591
Matthew R Sanborn MD Physician 50.00
Highest
$1,479,719 $61,694 $1,541,413
Robert Ecker MD Chief - Neurosciences 50.00
Highest
$1,462,063 $96,908 $1,558,971
Dougald MacGillivray MD Physician 50.00
Highest
$1,295,020 $110,813 $1,405,833
Joseph T Alexander MD Physician 50.00
Highest
$1,311,775 $115,707 $1,427,482
Adam J Rana MD Physician 50.00
Highest
$1,342,886 $85,905 $1,428,791
Robert Frank Former General Counsel 20.00
$117,526 $2,348 $119,874
Jeffrey Sanders Former MMC President 50.00
$1,364,442 $34,150 $1,398,592
Lugene Inzana Former Officer/MH Associate CFO 50.00
$887,523 $61,476 $948,999
Joel Botler MD Former Officer/Reg. CMO-So. Region 50.00
$855,473 $92,847 $948,320
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 $4,114,078,544 $3,970,262,728 $4,165,602,847 $143,815,816
2023 $3,690,471,384 $3,513,572,710 $3,803,040,949 $176,898,674
2022 $3,440,262,667 $3,330,800,641 $3,765,508,907 $109,462,026
2021 $3,168,653,743 $2,844,844,262 $4,099,747,289 $323,809,481
2020 $2,516,583,386 $2,396,252,206 $3,676,866,927 $120,331,180
2019 $2,280,170,088 $2,079,980,645 $2,923,881,397 $200,189,443
2018 $1,540,811,646 $1,332,148,510 $2,015,529,466 $208,663,136
Explore More Nonprofits
Top 100 Nonprofits in Maine Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MaineHealth with other nonprofits in Maine and across the country.