MaineHealth Services (EIN 010431680) - 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

1987

Legal Domicile

Principal Officer

Andrew Mueller MD

Phone

2076617001

Tax Period

2023-10-01 to 2024-09-30

MaineHealth Services is a 501(c)(3) with EIN 010431680, based in Portland, ME. Founded in 1987, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $26,309,702 in total revenue and $10,230,206 in total expenses, with net assets of $-33,853,061.

Mission

MaineHealth Services will lead the development of the premier community care network that provides a broad range of integrated health care services in Maine and Northern New England. Through MaineHealth Services' affiliated organizations, the network will organize services along the full continuum of care necessary to improve the health status of the populations it serves in a cost effective manner.

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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 $0

Program Service Revenue $25,962,442

Investment Income $208,255

Other Revenue $139,005

TOTAL REVENUE $26,309,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,230,206

Other Expenses $10,230,206

TOTAL EXPENSES $10,230,206

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,309,702	$26,094,398	+0.0%
Expenses	$10,230,206	$13,315,625	-0.2%
Net Income	$16,079,496	$12,778,773	+0.3%

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

N/A

Volunteers

N/A

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

$4,530,113

Total Directors

$2,354,282

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian H Noyes	Trustee	1.00	Director	$0	$0	$0
Brett Loffredo MD	Physician, MH	1.00	Director	$0	$93,130	$493,010
Clint Boothby Esq	Trustee	1.00	Director	$0	$0	$0
Daniel Loiselle MD	Trustee	1.00	Director	$0	$0	$0
David Kumaki MD FACP	Former Physician, MH/Trustee	1.00	Director	$0	$60	$2,075
Gregory Dufour	Trustee	1.00	Director	$0	$0	$0
Jere G Michelson	Trustee	1.00	Director	$0	$0	$0
Kate Herlihy MD MHP	Physician, MH	1.00	Director	$0	$56,426	$322,200
Katherine B Coster	Trustee	1.00	Director	$0	$0	$0
Lisa Beaule MD	VP Physc & APP Svcs - So. Reg., MH	1.00	Director	$0	$101,835	$696,288
Melissa Smith	Trustee	1.00	Director	$0	$0	$0
Morris Fisher	Chairman	1.00	Officer Director	$0	$0	$0
Marie J McCarthy	Vice Chairman	1.00	Officer Director	$0	$0	$0
Nancy Hasenfus MD	Trustee	1.00	Director	$0	$0	$0
Peter Manning MD	Physician, MH	1.00	Director	$0	$19,778	$415,525
Thomas J Ryan Jr MD FACC	Physician, MH	1.00	Director	$0	$97,146	$425,184
Sandy Morrell Rooney	Trustee	1.00	Director	$0	$0	$0
Stuart H Watson	Trustee	1.00	Director	$0	$0	$0
Linda Terry	Trustee	1.00	Director	$0	$0	$0
Peter Wood	Trustee	1.00	Director	$0	$0	$0
Matthew C Chin	Trustee	1.00	Director	$0	$0	$0
Quincy Hentzel	Trustee	1.00	Director	$0	$0	$0
Amanda Rand Esq	Trustee	1.00	Director	$0	$0	$0
Ann Bresnahan	Trustee	1.00	Director	$0	$0	$0
Andrew Mueller MD	CEO and President, MH	1.00	Officer	$0	$55,268	$2,277,317
Albert G Swallow III	CFO, MH; Board Treasurer	1.00	Officer	$0	$128,689	$1,404,205
Beth Kelsch	General Counsel, MH; Board Secretary	1.00	Officer	$0	$96,015	$848,591
Robert Frank	Former General Counsel, MH	1.00		$0	$2,348	$119,874
Joan Boomsma MD	Former Chief Medical Officer	0.00		$0	$0	$197,135
Mark Harris	Frmr Officer/Chief Planning Officer	1.00		$0	$114,351	$646,482

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	$26,309,702	$10,230,206	$365,813,522	$16,079,496
2023	$26,094,398	$13,315,625	$292,459,755	$12,778,773
2022	$28,757,169	$25,798,897	$339,045,135	$2,958,272
2021	$32,444,301	$33,052,950	$425,575,263	$-608,649
2020	$36,404,238	$41,169,965	$412,699,584	$-4,765,727
2018	$66,828,560	$77,593,319	$449,460,710	$-10,764,759

MaineHealth Services