CENTRAL MAINE HEALTHCARE CORPORATION (EIN 010386913) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

STEVE LITTLESON

Phone

2077952813

Tax Period

2023-07-01 to 2024-06-30

CENTRAL MAINE HEALTHCARE CORPORATION is a 501(c)(3) with EIN 010386913, based in LEWISTON, ME. Founded in 1982, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $66,481,490 in total revenue and $67,405,119 in total expenses, with net assets of $55,158,457.

Mission

CENTRAL MAINE HEALTHCARE CORPORATION SUPPORTS ITS AFFILIATED HEALTHCARE INSTITUTIONS IN ORDER FOR THESE ENTITIES TO PROVIDE EXCEPTIONAL HEALTHCARE SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $688,213

Program Service Revenue $65,384,045

Investment Income $-248,058

Other Revenue $657,290

TOTAL REVENUE $66,481,490

Expense Breakdown

Grants Paid $16,879

Salaries & Benefits $40,218,402

Fundraising Expenses $0

Program Expenses $53,891,082

Other Expenses $27,169,838

TOTAL EXPENSES $67,405,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,481,490	$66,331,649	+0.0%
Expenses	$67,405,119	$66,176,494	+0.0%
Net Income	$-923,629	$155,155	-7.0%

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

546

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

$2,355,104

Total Directors

$2,384,233

Key Employees

$3,510,890

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE LITTLESON	PRESIDENT/DIRECTOR	60.00	Officer Director	$1,170,974	$228,295	$1,399,269
HECTOR TARRAZA	PHYSICIAN/DIRECTOR	3.00	Director	$0	$8,250	$568,540
DAVID SALKO	PHYSICIAN/DIRECTOR	3.00	Director	$0	$34,665	$416,424
AUSTIN ALBERT	VICE CHAIR	3.00	Officer Director	$0	$0	$0
MARNEY CHALMERS	DIRECTOR	3.00	Director	$0	$0	$0
ANN CONNELLY	DIRECTOR	3.00	Director	$0	$0	$0
DEVORE CULVER	CHAIR PERSON/ DIRECTOR	3.00	Officer Director	$0	$0	$0
SHANNON GAUVIN	DIRECTOR	3.00	Director	$0	$0	$0
JOLAN IPPOLITO	DIRECTOR	3.00	Director	$0	$0	$0
JANET HALL KOSKI	DIRECTOR	3.00	Director	$0	$0	$0
JAMES MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
JOHN MCANUFF	DIRECTOR	3.00	Director	$0	$0	$0
LAURENCE MERLIS	DIRECTOR	3.00	Director	$0	$0	$0
LINDA PEPIN	DIRECTOR	3.00	Director	$0	$0	$0
LOUIS SILVERMAN	DIRECTOR	3.00	Director	$0	$0	$0
GEOFFREY SWIFT	DIRECTOR	3.00	Director	$0	$0	$0
KENNETH WEBB	DIRECTOR	3.00	Director	$0	$0	$0
DAVID PAULOSKY	TREASURER	60.00	Officer	$556,241	$81,466	$637,707
ELIZABETH SHEW	SECRETARY	60.00	Officer	$285,374	$32,754	$318,128
JOHN ALEXANDER	CHIEF MEDICAL OFFICER	55.00	Key Emp	$620,089	$84,571	$704,660
RICHARD KROPP	VICE PRESIDENT	55.00	Key Emp	$353,977	$61,940	$415,917
KRISTINE CHAISSON	CHIEF NURSING OFFICER	55.00	Key Emp	$339,390	$60,972	$400,362
RON MCKINNON	VICE PRESIDENT	55.00	Key Emp	$349,416	$34,028	$383,444
JOHN HAMILTON	VICE PRESIDENT	55.00	Key Emp	$309,259	$34,247	$343,506
REBECCA SPERREY	VICE PRESIDENT	55.00	Key Emp	$308,344	$15,950	$324,294
KRISTEN ST PETER	VICE PRESIDENT	55.00	Key Emp	$261,498	$31,351	$292,849
JENNIFER BODGER	VICE PRESIDENT	55.00	Key Emp	$213,367	$29,672	$243,039
STEPHANY JACQUES	PRESIDENT BRIDGTON HOSPITAL	3.00	Key Emp	$208,460	$6,284	$214,744
ABRAHAM THOMAS	VICE PRESIDENT	55.00	Key Emp	$174,315	$13,760	$188,075
REBEKAH DUBE	VICE PRESIDENT	55.00	Highest	$250,380	$32,904	$283,284
KARA ALEIXO	VICE PRESIDENT	55.00	Highest	$233,035	$32,502	$265,537
JASON CUNNINGHAM	DIRECTOR REVENUE INTEGRITY	55.00	Highest	$208,472	$31,663	$240,135
CHARLYN FEENEY	DIRECTOR OF RISK	55.00	Highest	$202,110	$16,628	$218,738
JEFFREY BUCK	DIRECTOR MANAGED CARE	55.00	Highest	$194,967	$12,137	$207,104
JASON KRUPP	PHYSICIAN PRACTICE EXEC	55.00		$351,592	$14,522	$366,114
MELISSA CACCAMO	VICE PRESIDENT	55.00		$278,684	$22,141	$300,825

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
2024	$66,481,490	$67,405,119	$141,848,303	$-923,629
2023	$66,331,649	$66,176,494	$149,365,912	$155,155
2022	$72,120,656	$69,994,830	$179,590,295	$2,125,826
2021	$47,484,302	$35,742,292	$160,072,160	$11,742,010
2020	$85,957,937	$70,691,635	$194,409,479	$15,266,302
2019	$73,816,297	$65,757,558	$198,677,408	$8,058,739
2018	$74,308,374	$69,673,994	$187,846,531	$4,634,380

CENTRAL MAINE HEALTHCARE CORPORATION