Penobscot Bay Medical Center (EIN 010285286) - 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

1969

Legal Domicile

Principal Officer

Mark Fourre MD

Phone

2075054378

Tax Period

2018-10-01 to 2019-01-01

Penobscot Bay Medical Center, founded in 1969, is a mid-sized nonprofit that reported $35.6M in total revenue in fiscal year 2018. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $34.2M left a modest 4% surplus.

Mission

Penobscot Bay Medical Center (PBMC) is an acute care hospital that offers inpatient and outpatient care, diagnostic, therapeutic and rehabilitative services, patient and community education, and a full range of specialty services through the emergency department, special care unit, surgical services department, obstetrics and gynecology department, and the psychiatric addiction & recovery center.

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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 (2018)

Revenue Breakdown

Contributions & Grants $46,068

Program Service Revenue $32,774,473

Investment Income $23,770

Other Revenue $2,797,826

TOTAL REVENUE $35,642,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,556,637

Fundraising Expenses $0

Program Expenses $32,655,818

Other Expenses $17,627,765

TOTAL EXPENSES $34,184,402

Year-over-Year Comparison

	2018	2017	Change
Revenue	$35,642,137	$130,517,903	-0.7%
Expenses	$34,184,402	$129,087,593	-0.7%
Net Income	$1,457,735	$1,430,310	+0.0%

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

1312

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

$846,421

Total Directors

$1,673,878

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ann Hooper	Trustee	1.00	Director	$0	$0	$0
Catherine Reynolds	Trustee	1.00	Director	$0	$0	$0
Cornelius Yetman DO	Trustee	1.00	Director	$0	$41,396	$376,356
Dale Kuhnert	Trustee	1.00	Director	$0	$0	$0
Deborah Peabody MD	Trustee	1.00	Director	$0	$27,611	$145,112
Elizabeth Connelly DO	Medical Staff President - WCGH	1.00	Director	$0	$35,537	$495,943
Gregory Dufour	Trustee	1.00	Director	$0	$0	$0
James C Delehanty MD	Trustee	1.00	Director	$0	$0	$0
JB Turner	Trustee	1.00	Director	$0	$0	$0
Jennifer McKenna MD	Trustee	1.00	Director	$0	$31,531	$342,400
Joanne Billington	Trustee	1.00	Director	$0	$0	$0
Lee Webb	Trustee	1.00	Director	$0	$0	$0
Paul Klainer MD	Trustee	1.00	Director	$0	$0	$0
Stephanie Lash MD	Medical Staff President - PBMC	1.00	Director	$0	$26,532	$314,067
Syrena Gatewood	Trustee	1.00	Director	$0	$0	$0
William Lambie MD	Trustee	1.00	Director	$0	$0	$0
Lee Woodward Jr	President	1.00	Officer Director	$0	$0	$0
Carole Brand	Vice President	1.00	Officer Director	$0	$0	$0
Stephen Hanscom	Secretary	1.00	Officer Director	$0	$0	$0
David Flanagan	Treasurer	1.00	Officer Director	$0	$0	$0
Mark Fourre MD	CEO	50.00	Officer	$461,980	$33,173	$495,153
Linda Drinkwater	CFO	0.00	Officer	$0	$35,266	$351,268
Christopher Michalakes MD	ED Medical Director	50.00	Highest	$263,783	$45,640	$309,423
John Nicolet MD	ED Physician	50.00	Highest	$319,328	$38,148	$357,476
Mark McAllister MD	ED Physician	50.00	Highest	$288,687	$38,998	$327,685
Mark Eggena MD	Physician	50.00	Highest	$320,873	$42,609	$363,482
Comfort Hines MD	ED Physician	50.00	Highest	$277,034	$31,084	$308,118

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
2019	$35,642,137	$34,184,402	No data	$1,457,735
2018	$130,517,903	$129,087,593	$120,617,755	$1,430,310

Penobscot Bay Medical Center