Belfast, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Provide primary and specialty physician services to Penobscot Bay Medical Center dba MaineHealth.
Penobscot Bay Physicians and Associates (PBPA) is a supporting organization operating for the exclusive benefit of Penobscot Bay Medical Center(PBMC)dba MaineHealth. PBPA conducts business in support...
Penobscot Bay Physicians and Associates (PBPA) is a supporting organization operating for the exclusive benefit of Penobscot Bay Medical Center(PBMC)dba MaineHealth. PBPA conducts business in support of the corporation in three overlapping ways; (1) By providing primary and specialty physician and other health care services directly to members of the community in the hospital service area of PBMC, that is, Knox County, Maine and the surrounding areas; (2) By serving as a part of an integrated delivery system thereby creating a coordinated, efficient, and comprehensive service mechanism to promote medical and health care delivery to the community in the hospital service area; (Continued at Schedule O) (Continued from Part III, Line 4a) and (3) By providing a mechanism for PBMC dba MaineHealth to recruit physicians in underserved medical specialties when needed. It provides medical services without regard to the patient's ability to pay and accepts reimbursement from Medicare, Medicaid and third party payors.PBPA dissolved on March 11, 2020.
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)| 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 |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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