Down East 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

1960

Legal Domicile

Principal Officer

Steven Lail

Phone

2072553356

Tax Period

2023-01-01 to 2023-12-31

Down East Community Hospital, founded in 1960, is a mid-sized nonprofit in the Health Care sector that reported $62.3M in total revenue in fiscal year 2023.

Mission

Provide access to quality healthcare and promote community wellness through the delivery of primary, emergency, and ancillary inpatient and outpatient healthcare. The Hospital strives to improve the overall health of the communities we serve while exceeding customer expectations.

Program Service Accomplishments

Program 1

Expenses: $4,843,139 Revenue: $11,375,417

Surgical services to inpatients and outpatients, totaling 2,243 surgeries.

Program 2

Expenses: $4,926,035 Revenue: $3,291,894

Care for medical/surgical unit patients. Unit provided care to 626 admissions for 2,621 patient days & 18 swing bed admissions for 246 swing bed days.

Program 3

Expenses: $4,465,827 Revenue: $12,852,513

Imaging Services to inpatients and outpatients. 22,240 radiological exams were provided to inpatients and outpatients.

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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 (2023)

Revenue Breakdown

Contributions & Grants $683,205

Program Service Revenue $61,067,667

Investment Income $507,577

Other Revenue $0

TOTAL REVENUE $62,258,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,686,776

Fundraising Expenses $0

Program Expenses $56,386,769

Other Expenses $32,257,613

TOTAL EXPENSES $62,944,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,258,449	$62,082,895	+0.0%
Expenses	$62,944,389	$59,968,698	+0.0%
Net Income	$-685,940	$2,114,197	-1.3%

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

411

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

$747,353

Total Directors

$1,533,245

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jacqueline O'Clair	Board Chair	2.00	Officer Director	$0	$0	$0
Judd Bragg	Vice Chair	2.00	Officer Director	$0	$0	$0
Nate Martel	Secretary/Past Board Chair	2.00	Officer Director	$0	$0	$0
Ian Pratt	Treasurer	2.00	Officer Director	$0	$0	$0
Jack Corrigan	Trustee	2.00	Director	$0	$0	$0
Jody Dennison	Trustee	2.00	Director	$0	$0	$0
Michael Hennessey	Trustee	2.00	Director	$0	$0	$0
Christian Inegbenijie MD	Trustee, Physician	38.50	Director	$473,624	$40,093	$513,717
Julie Jordan	Trustee	2.00	Director	$0	$0	$0
Betty Marshall	Trustee	2.00	Director	$0	$0	$0
Tom Moholland	Trustee	2.00	Director	$0	$0	$0
Corey Schwinn	Trustee	2.00	Director	$0	$0	$0
Rita Ten MD	Trustee, Physician	38.50	Director	$550,623	$46,599	$597,222
Steven Lail	CEO	38.50	Officer Director	$388,393	$33,913	$422,306
Lisa Carlisle	Past Chair	2.00	Officer Director	$0	$0	$0
Gwendolyn Jones	Past Trustee	2.00	Director	$0	$0	$0
Lynnette Parr	CFO	38.50	Officer	$286,901	$38,146	$325,047
Stephen Madigan	Physician	40.00	Highest	$472,715	$36,002	$508,717
Elaine Mau	Physician	30.00	Highest	$432,815	$25,688	$458,503
Stephen Salzer	Physician	9.00	Highest	$360,000	$158	$360,158
Joann Kaplan	Physician	40.00	Highest	$353,983	$661	$354,644
Howard Raymond	Physician	40.00	Highest	$342,953	$23,593	$366,546
Aziz Massaad MD	Former Trustee	30.00		$968,155	$0	$968,155

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	No data	No data	No data	No data
2023	$62,258,449	$62,944,389	$48,054,897	$-685,940
2022	$62,082,895	$59,968,698	$50,983,760	$2,114,197
2021	$63,014,552	$52,040,429	$56,278,970	$10,974,123
2020	$50,791,259	$47,808,282	$50,175,979	$2,982,977
2019	$50,232,566	$48,094,619	$34,835,177	$2,137,947
2018	$45,577,429	$45,151,395	$25,676,247	$426,034