Portland, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MaineHealth Services, founded in 1987, is a mid-sized nonprofit in the Health Care sector that reported $26.3M in total revenue in fiscal year 2023. The organization ran a surplus of $16.1M, a strong 61% operating margin.
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.
MaineHealth Services is the parent company of the largest healthcare system in Maine. The MaineHealth System (including MaineHealth) provides a full range of integrated healthcare services to...
MaineHealth Services is the parent company of the largest healthcare system in Maine. The MaineHealth System (including MaineHealth) provides a full range of integrated healthcare services to patients in Maine and Northern New England with the goal of improving the health status of the populations it serves. To that end, MaineHealth Services led the MaineHealth System's efforts to implement a system wide shared electronic health record system (SeHR).Clinically, MaineHealth Services' investment in SeHR commenced in 2007 and is central to MaineHealth Services strategic plan. (Continued on Schedule O)(Continued from page 2 of 990, Line 4a) SeHR is an integrated suite of technology solutions to support healthcare delivery for the MaineHealth Services system, providers and the communities MaineHealth Services serves. Epic and Lawson solutions provide an integrated suite of software solutions for managing most clinical, business and financial processes. The integration of these solutions has enabled and will continue to enable caregivers and patients, regardless of the setting, to obtain a more comprehensive view of information to facilitate further improvements in the delivery of safe, effective, and efficient care and advance MaineHealth Services vision of "one patient, one record". Additional administrative services such as management of insurance programs occurs within MaineHealth Services.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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