Maine Hospital Association Inc

EIN: 010266289

Augusta, ME

Total Revenue
$3,314,599
Total Expenses
$3,124,640
Total Assets
$7,941,066
Net Assets
$5,531,381
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
ME
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

The mission of the Maine Hospital Association is to provide leadership through advocacy, information and education, to support its members in fulfilling their mission to improve the health of their patients and communities they serve.

Program Service Accomplishments

Program 1

Advocacy on state and federal legislation and regulations for participants and member hospitals.

Program 2

Provides information and education on a continuing basis for member hospital policy making and current health care issues.

Program 3

Provides annual, quarterly and statistical data on Maine hospitals to its members and weekly newsletters to individuals on current health care issues and events.

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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 $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

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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
19
Independent Members
18
Employees
9
Volunteers
19

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
6
$675,464
Total Directors
20
$675,464
Key Employees
0
$0
Highest Compensated
3
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
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