Penobscot Bay Physicians & Assoc (EIN 010530517) - 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

2000

Legal Domicile

Principal Officer

Mark Fourre MD

Phone

2075946747

Tax Period

2019-10-01 to 2020-03-11

Penobscot Bay Physicians & Assoc, founded in 2000, is a community nonprofit that reported $9.9M in total revenue in fiscal year 2019. Revenue fell 56% from the prior year — a significant decline worth monitoring.

Mission

Provide primary and specialty physician services to Penobscot Bay Medical Center dba MaineHealth.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,876,122

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,876,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,876,122

Fundraising Expenses $0

Program Expenses $9,876,122

Other Expenses $0

TOTAL EXPENSES $9,876,122

Year-over-Year Comparison

	2019	2018	Change
Revenue	$9,876,122	$22,629,927	-0.6%
Expenses	$9,876,122	$22,629,927	-0.6%
Net Income	$0	$0	N/A

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

$812,713

Total Directors

$959,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ann Bresnahan	Trustee	1.00	Director	$0	$0	$0
Lars Ellison MD	Trustee	50.00	Director	$559,531	$41,239	$600,770
Mark Eggena MD	Trustee	50.00	Director	$330,663	$27,831	$358,494
Paul Klainer MD	Trustee	1.00	Director	$0	$0	$0
Lee Woodward Jr	Chair	1.00	Officer Director	$0	$0	$0
Stephen Hanscom	Secretary	1.00	Officer Director	$0	$0	$0
Mark Fourre MD	CEO	0.00	Officer	$0	$27,732	$497,849
Linda Drinkwater	CFO	0.00	Officer	$0	$27,072	$314,864
Joseph Scordino MD	Physician	50.00	Highest	$928,019	$31,955	$959,974
Jeffrey Rasmussen MD	Physician	50.00	Highest	$545,375	$35,583	$580,958
Julie White MD	Physician	50.00	Highest	$489,647	$27,824	$517,471
Kirk Bernadino MD	Physician	50.00	Highest	$775,532	$30,453	$805,985
Thomas Crosslin III MD	Physician	50.00	Highest	$441,143	$35,060	$476,203

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
2020	$9,876,122	$9,876,122	No data	No data
2019	$22,629,927	$22,629,927	No data	No data
2018	$18,526,974	$18,526,974	No data	No data

Penobscot Bay Physicians & Assoc