Maine Hospital Association Inc (EIN 010266289) - Form 990 Financial Analysis & Trantor Score

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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

1937

Legal Domicile

Principal Officer

Steven Michaud

Phone

2076224794

Tax Period

2024-10-01 to 2025-09-30

Maine Hospital Association Inc, founded in 1937, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 6% surplus.

Mission

Primary advocate representing 36 community-governed hospitals in the State of Maine.

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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 (2024)

Revenue Breakdown

Contributions & Grants $39,734

Program Service Revenue $2,499,513

Investment Income $775,352

Other Revenue $0

TOTAL REVENUE $3,314,599

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $1,845,035

Fundraising Expenses $0

Other Expenses $1,274,605

TOTAL EXPENSES $3,124,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,314,599	$2,647,325	+0.3%
Expenses	$3,124,640	$2,839,481	+0.1%
Net Income	$189,959	$-192,156	-2.0%

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

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

$675,464

Total Directors

$675,464

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Michaud	President	40.00	Officer Director	$630,742	$44,722	$675,464
Steve Littleson	Chair/Past Chair Elect	1.00	Officer Director	$0	$0	$0
Christina Maguire	Director/Past Chair	1.00	Officer Director	$0	$0	$0
Nate Howell	Chair Elect/Past Treasurer	1.00	Officer Director	$0	$0	$0
Patrick Taylor	Treasurer/Past Secretary	1.00	Officer Director	$0	$0	$0
Randy Clark	Secretary	1.00	Officer Director	$0	$0	$0
Kelly Barton	Director	1.00	Director	$0	$0	$0
Tiffany Comis	Director	1.00	Director	$0	$0	$0
Steve Diaz MD	Director	1.00	Director	$0	$0	$0
Trampas Hutches	Director	1.00	Director	$0	$0	$0
Stephany Jacques	Director	1.00	Director	$0	$0	$0
David Kennedy	Director	1.00	Director	$0	$0	$0
Greg LaFrancois	Director	1.00	Director	$0	$0	$0
Andy Mueller	Director	1.00	Director	$0	$0	$0
Denise Needham	Director	1.00	Director	$0	$0	$0
Andy Patstone	Director	1.00	Director	$0	$0	$0
Bob Peterson	Director	1.00	Director	$0	$0	$0
John Ronan	Director	1.00	Director	$0	$0	$0
Marie Vienneau	Director	1.00	Director	$0	$0	$0
Charlie Therrien	Past Director	1.00	Director	$0	$0	$0
Jeffrey Austin	VP Gov't Affairs	40.00	Highest	$294,172	$60,328	$354,500
David Winslow	VP Financial Policy	40.00	Highest	$241,128	$29,669	$270,797
Sally Weiss	VP of Workforce Policy	40.00	Highest	$181,977	$11,831	$193,808

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	$3,314,599	$3,124,640	$7,941,066	$189,959
2024	$2,647,325	$2,839,481	$7,951,918	$-192,156
2023	$2,668,479	$2,639,323	$6,951,119	$29,156
2022	$2,524,219	$2,342,098	$6,326,286	$182,121
2021	$3,099,261	$2,684,049	$7,052,918	$415,212
2020	$3,026,293	$3,054,161	$6,227,305	$-27,868
2019	$2,730,502	$2,532,104	$5,772,842	$198,398
2018	$2,756,951	$2,593,652	$5,580,459	$163,299

Maine Hospital Association Inc