Rockland, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MID-COAST HEALTH NET INC, founded in 1999, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $362K, a strong 27% operating margin.
We provide access to health and wellness services for low-income uninsured or under-insured members of our community. Using both staff and volunteers, we deliver primary medical care, dental hygiene, restorative dental services, prescription assistance, and counseling/wellness services. Estimated value of client services = $2,091,849. Estimated value of volunteer services and other support = $640,026.
Primary Care Medical Services: In 2024, we held 45 medical clinic sessions with 210 patient visits. Each session is staffed by 2 or 3 providers, 2 nurses, a social worker or counselor, and a...
Primary Care Medical Services: In 2024, we held 45 medical clinic sessions with 210 patient visits. Each session is staffed by 2 or 3 providers, 2 nurses, a social worker or counselor, and a receptionist. Other volunteers were again able to offer such services as massage therapy, stress reduction, physical therapy, acupuncture, and respiratory therapy. The clinic was held in space donated by another medical practice located in the same building as our business offices. Staffing of the medical clinic was provided largely by volunteers. Estimated value of patient services provided: $$42K. Estimated value of donated professional services: $41K. Estimated value of donated space & support: $33.6K.
Preventative/Restorative Dental Care: This year, we were able to add a dental assistant to the practice, increasing the efficiency and procedure capabilities of our dentist. We had a total of 877...
Preventative/Restorative Dental Care: This year, we were able to add a dental assistant to the practice, increasing the efficiency and procedure capabilities of our dentist. We had a total of 877 hygiene visits with 282 of them children. We had 832 dental visits, and 85 of those were children. Services are provided by a staff consisting of a dentist, dental assistant, and receptionist/administrator, using our own equipment in donated space. The clinic also subsidizes the cost of restorative services provided through other unaffiliated dental practices. Estimated value of patient services provided: $612K. Estimated value of donated space and support: $60,000.
Prescription Assistance/Wrap-Around Services: This program provided patients with medications valued at $1 million. We work with patients and other medical practices to obtain free medications...
Prescription Assistance/Wrap-Around Services: This program provided patients with medications valued at $1 million. We work with patients and other medical practices to obtain free medications through programs offered by pharmaceutical companies. The bulk of our patients come from other medical practices. In addition, we have helped many clients with medication not available through these programs by providing information on pricing alternatives and through coupons. We've also gathered and given away other personal and food items supplied through local gleanings. Estimated value of services provided: $1.2 million. Estimated value of donated space and services: $9,200.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,338,895 | $914,606 | +0.5% |
| Expenses | $976,724 | $845,219 | +0.2% |
| Net Income | $362,171 | $69,387 | +4.2% |
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 |
|---|---|---|---|---|---|---|
| Meredith Batley | Executive Director | 40 |
Key Emp
|
$85,458 | $0 | $85,458 |
| Nicolle Baade | Operations Director | 40 |
Key Emp
|
$64,609 | $0 | $64,609 |
| Jeri Holm - RN | Director | 5 |
Director
|
$0 | $0 | $0 |
| Celena Zacchai | Director | 4 |
Director
|
$0 | $0 | $0 |
| Jack Gee - DMD | Director | 4 |
Director
|
$0 | $0 | $0 |
| Jeanne Klainer | Director | 10 |
Director
|
$0 | $0 | $0 |
| Steve Mansfield | Vice President | 6.00 |
Director
|
$0 | $0 | $0 |
| Paul Klainer - MD | President | 15.00 |
Director
|
$0 | $0 | $0 |
| James Pacheco | Treasurer | 10 |
Director
|
$0 | $0 | $0 |
| Sharon McDermott - RN | Secretary | 6 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,338,895 | $976,724 | $4,011,909 | $362,171 |
| 2023 | $914,606 | $845,219 | $785,484 | $69,387 |
| 2022 | $495,314 | $484,834 | $689,469 | $10,480 |
| 2021 | $487,751 | $335,385 | $653,606 | $152,366 |
| 2020 | $414,514 | $289,303 | $541,669 | $125,211 |
Compare MID-COAST HEALTH NET INC with other nonprofits in Maine and across the country.