Sebasticook Valley Health Northern… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

John J Doyle

Phone

2079739081

Tax Period

2023-10-01 to 2024-09-30

Sebasticook Valley Health Northern Light Sebasticook Valley Hosp, founded in 1963, is a mid-sized nonprofit in the Health Care sector that reported $62.5M in total revenue in fiscal year 2023. Expenses of $57.1M left a modest 9% surplus.

Mission

Sebasticook Valley Health d/b/a Northern Light Sebasticook Valley Hospital is a critical access hospital whose mission is to be the regional leader in meeting the health needs of our communities, providing quality care, always treating people with dignity and respect.

Program Service Accomplishments

Program 1

Expenses: $47,718,329 Revenue: $62,031,001

Sebasticook Valley Health d/b/a Northern Light Sebasticook Valley Hospital (SVH) is a nonprofit hospital, providing service for all that needs care, regardless of their ability to pay. In the 2024...

Sebasticook Valley Health d/b/a Northern Light Sebasticook Valley Hospital (SVH) is a nonprofit hospital, providing service for all that needs care, regardless of their ability to pay. In the 2024 fiscal year, SVH provided free care of $498,313 and recorded $2,454,282 in bad debts. Our hospital provides 24-hours-a-day emergency services with annual visits of 11,522. SVH provides many free services and programs that are designed to improve the health and well being of our surrounding communities.Additional Statistics:IP Admissions of 1,030Patient Days 5,456Emergency Room Visits 11,522Surgical Cases 1,018Outpatient Visits 122,058

Program 2

Expenses: $1,760,518

Medicare Shortfalls (at cost) 12,820 persons served

Program 3

Expenses: $195,641

Charity Care provided (at cost) 164 persons served

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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 $412,347

Program Service Revenue $60,907,447

Investment Income $19,082

Other Revenue $1,114,443

TOTAL REVENUE $62,453,319

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $29,644,206

Fundraising Expenses $0

Program Expenses $49,674,488

Other Expenses $27,448,530

TOTAL EXPENSES $57,095,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,453,319	$62,003,610	+0.0%
Expenses	$57,095,736	$54,843,948	+0.0%
Net Income	$5,357,583	$7,159,662	-0.3%

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

418

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

$5,519,657

Total Directors

$2,921,142

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Dentry NLH PresidentCEO	Ex-Officio	0.50	Officer Director	$0	$65,850	$1,957,524
Anthony Filer	Treasurer-Pt Yr	0.50	Officer	$0	$67,850	$853,903
Paul Bolin	EVP & CPO	0.50	Officer	$0	$112,842	$648,086
Jeffrey Jett	Physician	40.00		$555,061	$43,268	$598,329
George Eaton Esq	Secretary	0.50	Officer	$0	$54,658	$570,811
James Fullwood	Physician	40.00		$406,106	$44,442	$450,548
Glenn Martin	Former SVP-Chief Legal Officer	0.50		$0	$3,969	$427,022
Nishan Chobanian MD	VP Sr Phys Exec	4.00	Officer	$40,029	$13,538	$413,829
Michael Lemieux	Ex-Officio	40.00	Director	$376,803	$27,876	$404,679
Karl F Sitterly	Physician	40.00		$371,064	$17,664	$388,728
Aaron B Kirby	Physician	40.00		$349,662	$37,955	$387,617
John Baker	Physician	40.00		$315,275	$45,557	$360,832
Randall Clark	President	50.00	Officer Director	$299,866	$58,433	$358,299
Jennifer Goodrich	VP of Finance	13.00	Officer	$64,758	$42,054	$301,086
Paul R Arsenault	VP Prim Care	35.00	Officer	$178,640	$18,097	$222,257
Emily Cianchette	Ex-Officio	40.00	Director	$159,465	$41,175	$200,640
Tracy Bonney-Corson	VP Nursing & PC	40.00	Officer	$175,178	$18,684	$193,862
Tyson Thornton	Former VP-Operations	40.00		$143,055	$10,914	$153,969
Alicia J Nichols	Trustee	0.50	Director	$0	$0	$0
Jeremy West DC	Trustee	0.50	Director	$0	$0	$0
Stacey Fitts	Chairman	0.50	Officer Director	$0	$0	$0
Stephen George	Trustee	0.50	Director	$0	$0	$0
Charlie Cianchette	Trustee	0.50	Director	$0	$0	$0
Brett Danforth	Trustee	0.50	Director	$0	$0	$0
Linda Woolley	Vice Chair	0.50	Officer Director	$0	$0	$0
Robin Chase	Trustee	0.50	Director	$0	$0	$0
Kady Huff Esq	Trustee	0.50	Director	$0	$0	$0
Jon Christensen	Trustee	0.50	Director	$0	$0	$0
Sandra Delano	Trustee	0.50	Director	$0	$0	$0
James Rohrbaugh CPA	Treasurer	0.50	Officer	$0	$0	$0
Warren Shearer MD	VP Sr Phys Exec	40.00	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	$62,453,319	$57,095,736	$87,321,681	$5,357,583
2023	$62,003,610	$54,843,948	$78,730,150	$7,159,662
2022	$63,291,010	$52,059,496	$68,802,219	$11,231,514
2021	$56,748,491	$46,706,596	$62,811,701	$10,041,895
2020	$45,155,757	$42,096,700	$59,669,249	$3,059,057
2019	$44,278,663	$39,767,772	$43,811,716	$4,510,891
2018	$71,820,514	$65,301,126	$40,552,429	$6,519,388

Sebasticook Valley Health Northern Light Sebasticook Valley Hosp