Penobscot Bay Medical Center

EIN: 010285286 501(c)(3)

Belfast, ME

Total Revenue
$35,642,137
Total Expenses
$34,184,402
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
ME
Principal Officer
Mark Fourre MD
Phone
2075054378
Tax Period
2018-10-01 to 2019-01-01

Penobscot Bay Medical Center is a 501(c)(3) with EIN 010285286, based in Belfast, ME. Founded in 1969, the organization files IRS Form 990 and reported its most recent data for fiscal year 2018. In that period, it reported $35,642,137 in total revenue and $34,184,402 in total expenses.

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

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Governance

Voting Members
20
Independent Members
15
Employees
1312
Volunteers
89

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
$846,421
Total Directors
20
$1,673,878
Key Employees
0
$0
Highest Compensated
5
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
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