Mid Coast Geriatric Services Corporation (EIN 010496221) - 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

1995

Legal Domicile

Principal Officer

Christopher Bowe MD

Phone

2073736733

Tax Period

2023-10-01 to 2024-09-30

Mid Coast Geriatric Services Corporation, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $12.7M in total revenue in fiscal year 2023. Expenses of $14.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

Our mission is to provide supportive and rehabilitative health

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,188

Program Service Revenue $12,472,014

Investment Income $96,326

Other Revenue $70,000

TOTAL REVENUE $12,652,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,633,455

Fundraising Expenses $0

Program Expenses $12,288,182

Other Expenses $5,367,031

TOTAL EXPENSES $14,000,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,652,528	$12,391,866	+0.0%
Expenses	$14,000,486	$13,458,326	+0.0%
Net Income	$-1,347,958	$-1,066,460	+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

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

$970,422

Total Directors

$4,043,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Hutchinson MD	Medical Staff Vice President, MCH	1.00	Director	$0	$16,589	$659,579
Melissa Streeter MD	Frmr Medical Staff President, MCH	1.00	Director	$0	$45,353	$491,380
Catherine Fredricks Rehagen DO	Medical Staff President, MCH	1.00	Director	$0	$49,175	$397,630
Kelly Elkins	Chief Operating Officer, MH	1.00	Director	$0	$32,518	$1,217,045
Pamela Bowerman	Director	1.00	Director	$0	$0	$0
Marcus Deck MD	Director	1.00	Director	$0	$0	$0
Charles Frizzle	Director	1.00	Director	$0	$0	$0
Margo Knight	Director	1.00	Director	$0	$0	$0
Bruce McGlauflin	Vice Chairperson/Secretary	1.00	Officer Director	$0	$0	$0
Alain Montegut MD	Director	1.00	Director	$0	$0	$0
Daniel Morganstern MD	Chairperson	1.00	Officer Director	$0	$0	$0
Sue Spann	Director	1.00	Director	$0	$0	$0
Glenn L Hutchinson	Director	1.00	Director	$0	$0	$0
Lenora Burke	Former Chairperson	1.00	Officer Director	$0	$0	$0
Matthew Orlando	Treasurer	1.00	Officer Director	$0	$0	$0
Charles Bridge	Former Secretary	1.00	Officer Director	$0	$0	$0
Sandy Morrell Rooney	Director	1.00	Director	$0	$0	$0
Diane Field	Director	1.00	Director	$0	$0	$0
Christopher Bowe MD	President, MCH	1.00	Officer Director	$0	$47,526	$565,131
Stemple Johnson MD	Physician, MCH	1.00	Director	$0	$4,045	$90,386
Chris Thomson MD	Chief Medical/Transformation Off.,MH	1.00	Director	$0	$34,067	$622,134
Nicole Niven	Hospital Auxiliary Pres./Director	1.00	Director	$0	$0	$0
Michael Perry	Chief Financial Officer	1.00	Officer	$0	$36,781	$405,291
Kim L Watson	Long Term Care Administrator	50.00	Highest	$140,722	$22,805	$163,527
Stacey L Morse	Director - Nursing Long Term Care	50.00	Highest	$124,246	$17,863	$142,109
Carrie A Pelletier	Director - Resident Services	50.00	Highest	$121,376	$6,136	$127,512
Kimberley Tucker	Registered Nurse - Care Coordinator	50.00	Highest	$119,908	$20,510	$140,418
Mary K Caouette	Registered Nurse - Long Term Care	50.00	Highest	$113,622	$36,291	$149,913
Lois N Skillings	Former President, MCH	0.00		$0	$3,892	$234,887
Patrick Keaney MD	Physician, Former Officer	0.00		$0	$47,636	$565,257
Ira Bird MD	Physician, Former Officer	0.00		$0	$43,738	$614,752

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	$12,652,528	$14,000,486	$15,303,045	$-1,347,958
2023	$12,391,866	$13,458,326	$13,954,701	$-1,066,460
2022	$10,991,693	$13,948,584	$14,655,570	$-2,956,891
2021	$9,510,615	$10,818,188	$17,645,698	$-1,307,573
2020	$10,919,139	$10,452,148	$16,522,463	$466,991
2019	$10,763,228	$9,852,496	$16,863,537	$910,732
2018	$10,458,943	$9,745,908	$15,481,041	$713,035

Mid Coast Geriatric Services Corporation