KENNEBEC VALLEY MENTAL HEALTH CENTE D/B/A KENNEBEC BEHAVIORAL HEALTH

EIN: 010265559 501(c)(3) Mental Health

WATERVILLE, ME

Total Revenue
$48,537,083
Total Expenses
$47,494,193
Total Assets
$30,308,954
Net Assets
$20,490,114
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
ME
Principal Officer
THOMAS MCADAM MBA
Phone
2078732136
Tax Period
2024-07-01 to 2025-06-30

KENNEBEC VALLEY MENTAL HEALTH CENTE D/B/A KENNEBEC BEHAVIORAL HEALTH, founded in 1964, is a mid-sized nonprofit in the Mental Health sector that reported $48.5M in total revenue in fiscal year 2024.

Mission

THE MISSION OF KENNEBEC BEHAVIORAL HEALTH IS TO PROMOTE THE WELL-BEING OF CHILDREN, ADULTS AND FAMILIIES WHO EXPERIENCE MENTAL ILLNESS, EMOTIONAL OR DEVELOPMENTAL DIFFICULTIES, OR BEHAVIORAL CHALLENGES.

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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 $9,177,337
Program Service Revenue $38,401,808
Investment Income $406,338
Other Revenue $551,600
TOTAL REVENUE $48,537,083

Expense Breakdown

Grants Paid $1,651,484
Salaries & Benefits $33,891,518
Fundraising Expenses $0
Program Expenses $43,843,763
Other Expenses $11,951,191
TOTAL EXPENSES $47,494,193

Year-over-Year Comparison

2024 2023 Change
Revenue $48,537,083 $44,979,489 +0.1%
Expenses $47,494,193 $41,613,012 +0.1%
Net Income $1,042,890 $3,366,477 -0.7%
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

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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
5
Independent Members
5
Employees
528
Volunteers
56

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
4
$545,955
Total Directors
5
$0
Key Employees
1
$360,934
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA HERMIDA MD PSYCHIATRIST 40.00
Highest
$327,241 $45,047 $372,288
ARLENE C ALMAZAN MD MEDICAL DIRE 40.00
Key Emp
$324,444 $36,490 $360,934
THOMAS MCADAM MBA CEO N/A
Officer
$0 $72,915 $324,580
EMIL BUKHER NP NURSE PRACTI 40.00
Highest
$253,888 $31,594 $285,482
PAIGE MCINERNEY DO CHILD PSYCHI 32.00
Highest
$241,153 $35,375 $276,528
JOSEE SHELLEY CPA CFO N/A
Officer
$0 $28,428 $221,375
MELINDA MORISSETTE NP NURSE PRACTI 40.00
Highest
$185,388 $32,493 $217,881
VERONIKA VOGT NP NURSE PRACTI 40.00
Highest
$165,832 $36,566 $202,398
CAROL AXTELL DIRECTOR 1.00
Director
$0 $0 $0
DAVID BUCKNAM DIRECTOR 1.00
Director
$0 $0 $0
GUY COUSINS VICE PRESIDE 2.00
Officer Director
$0 $0 $0
KAREN NORMANDIN PRESIDENT/SE 2.00
Officer Director
$0 $0 $0
CATHRYN STRATTON DIRECTOR 1.00
Director
$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 $48,537,083 $47,494,193 $30,308,954 $1,042,890
2024 $44,979,489 $41,613,012 $27,977,292 $3,366,477
2023 $41,848,534 $39,376,234 $18,573,677 $2,472,300
2022 $37,066,916 $36,435,021 $15,930,308 $631,895
2021 $37,798,885 $36,915,702 $14,590,081 $883,183
2020 $30,842,620 $31,499,721 $16,190,954 $-657,101
2019 $31,076,815 $30,493,353 $12,156,250 $583,462
2018 $30,348,940 $30,122,705 $11,128,475 $226,235
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