Augusta, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Maine Health Care Association, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 7% surplus.
The mission of the Maine Health Care Association is to promote and advance the delivery of high-quality health care, housing and supportive services to meet the needs of Maine's older and disabled populations.
The Association fulfills its mission by promoting public awareness, consumer and provider advocacy, workforce development, management excellence and leadership, business efficacy and efficiency. The...
The Association fulfills its mission by promoting public awareness, consumer and provider advocacy, workforce development, management excellence and leadership, business efficacy and efficiency. The Association is dedicated to continuous quality improvement for its members and provides support to them in carrying out this mission. MHCA offers group purchasing opportunities to member facilities. MHCA represents more than 200 adult day-service providers, assisted living/residential care facilities, home health service providers, independent living/congregate housing providers, nursing facilities, rehabilitation, and skilled nursing providers, along with other (See Continuation on Schedule O, Page 29)organizations and individuals who provide housing, health care and support services to over 10,000 Maine citizens. The Association disseminates professional literature to members, holds professional meetings, conferences, and training sessions, and enrolls members in state and national organizations.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,130,911 | $1,164,987 | 0.0% |
| Expenses | $1,054,583 | $1,156,179 | -0.1% |
| Net Income | $76,328 | $8,808 | +7.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Angela Westhoff | President/CEO | 30.00 |
Officer
Director
|
$137,555 | $21,953 | $205,360 |
| Michael Tyler | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Wanda Pelkey | Immediate Past Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Philip Jean | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Courtney Freeman | Secretary/Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jim Brown | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jessica Duffy | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Rebecca Gagnon | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jeff Ketchum | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Sarah O'Sullivan | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ericka Saucier | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Meghan Welch | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Maureen Carland | Dir. Qual. Improv. & Reg. Affairs | 32.00 |
Highest
|
$105,432 | $22,595 | $128,027 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,130,911 | $1,054,583 | $1,230,944 | $76,328 |
| 2024 | $1,164,987 | $1,156,179 | $1,164,232 | $8,808 |
| 2023 | $1,074,738 | $989,879 | $1,169,775 | $84,859 |
| 2022 | $1,104,182 | $860,953 | $971,541 | $243,229 |
| 2021 | $916,675 | $872,544 | $903,668 | $44,131 |
| 2020 | $1,155,073 | $1,183,304 | $710,936 | $-28,231 |
| 2019 | $1,276,323 | $1,269,437 | $824,521 | $6,886 |
| 2018 | $1,180,408 | $1,160,097 | $709,724 | $20,311 |
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