MID-COAST HEALTH NET INC (EIN 010528885) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

Meredith Batley

Phone

2076804545

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

Provide access to quality, integrated medical, dental, prescription, and mental health and wellness services to uninsured and under-insured as well as fully insured populations through a combination of volunteer providers and paid staff.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,105,245

Program Service Revenue $218,989

Investment Income $14,661

Other Revenue $0

TOTAL REVENUE $1,338,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $760,312

Fundraising Expenses $14,198

Program Expenses $684,922

Other Expenses $206,412

TOTAL EXPENSES $976,724

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

$150,067

Highest Compensated

reported

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

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	$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

MID-COAST HEALTH NET INC