KENNEBEC VALLEY MENTAL HEALTH CENTE D/B/A KENNEBEC BEHAVIORAL HEALTH (EIN 010265559) - 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

1964

Legal Domicile

Principal Officer

THOMAS MCADAM MBA

Phone

2078732136

Tax Period

2023-07-01 to 2024-06-30

KENNEBEC VALLEY MENTAL HEALTH CENTE D/B/A KENNEBEC BEHAVIORAL HEALTH is a 501(c)(3) with EIN 010265559, based in WATERVILLE, ME. Founded in 1964, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $44,979,489 in total revenue and $41,613,012 in total expenses, with net assets of $18,950,038.

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 & 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 $6,916,649

Program Service Revenue $37,292,305

Investment Income $376,911

Other Revenue $393,624

TOTAL REVENUE $44,979,489

Expense Breakdown

Grants Paid $1,960,905

Salaries & Benefits $29,352,487

Fundraising Expenses $0

Program Expenses $38,843,356

Other Expenses $10,299,620

TOTAL EXPENSES $41,613,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,979,489	$41,848,534	+0.1%
Expenses	$41,613,012	$39,376,234	+0.1%
Net Income	$3,366,477	$2,472,300	+0.4%

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

470

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

$535,551

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARLENE C ALMAZAN MD	MEDICAL DIRE	40.00	Highest	$318,176	$31,091	$349,267
TERESA HERMIDA MD	PSYCHIATRIST	40.00	Highest	$298,407	$22,579	$320,986
THOMAS MCADAM MBA	CEO	N/A	Officer	$0	$78,698	$319,795
JANINE D TAYLOR MD	CHILD PSYCHI	20.00	Highest	$258,817	$41,106	$299,923
EMIL BUKHER NP	NURSE PRACTI	40.00	Highest	$242,412	$27,815	$270,227
PAIGE MCINERNEY DO	CHILD PSYCHI	32.00	Highest	$228,309	$32,525	$260,834
JOSEE SHELLEY CPA	CFO	N/A	Officer	$0	$27,447	$215,756
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
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

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