Bangor Nursing & Rehabilitation Center

EIN: 010538534 501(c)(3) Health Care

Bangor, ME

Total Revenue
$7,816,778
Total Expenses
$9,546,281
Total Assets
$2,083,410
Net Assets
$-521,550
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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
2001
Legal Domicile
ME
Principal Officer
Janet Hope
Phone
2079474557
Tax Period
2023-01-01 to 2023-12-31

Bangor Nursing & Rehabilitation Center, founded in 2001, is a community nonprofit in the Health Care sector that reported $7.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $9.5M exceeded revenue, resulting in a 22% operating deficit.

Mission

Long-term care nursing facility.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,341
Program Service Revenue $7,683,429
Investment Income $738
Other Revenue $118,270
TOTAL REVENUE $7,816,778

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,072,898
Fundraising Expenses $0
Program Expenses $7,144,302
Other Expenses $3,473,383
TOTAL EXPENSES $9,546,281

Year-over-Year Comparison

2023 2022 Change
Revenue $7,816,778 $6,413,999 +0.2%
Expenses $9,546,281 $7,929,410 +0.2%
Net Income $-1,729,503 $-1,515,411 +0.1%
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

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Governance

Voting Members
8
Independent Members
6
Employees
60
Volunteers
6

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
8
$690,706
Total Directors
8
$535,333
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sandy Nesin Esq Secretary/Trustee 0.10
Officer Director
$0 $20,545 $304,409
Dr John Patten Trustee 0.10
Director
$0 $45,659 $230,924
Helen Burlock RN Trustee 0.10
Director
$0 $0 $0
Deborah Laurie Trustee 0.10
Director
$0 $0 $0
John Miller Trustee 0.10
Director
$0 $0 $0
Nichi Farnham Chair/Trustee 0.10
Officer Director
$0 $0 $0
Janna Gau Treasurer/Trustee 0.10
Officer Director
$0 $0 $0
Alicia Murray Vice Chair/Trustee 0.10
Officer Director
$0 $0 $0
Janet Hope Administrator 40.00
Officer
$73,882 $26,673 $100,555
Brian Donahue CFO (end 5/2023) 40.00
Officer
$52,864 $1,834 $54,698
Melissa Martin Administrator (end 4/2023) 40.00
Officer
$35,667 $13,723 $49,390
Kimberly Gonzales CFO (eff 6/23); SJH(B) Dir. Finance 0.10
Officer
$0 $5,825 $181,654
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 No data No data No data No data
2023 $7,816,778 $9,546,281 $2,083,410 $-1,729,503
2022 $6,413,999 $7,929,410 $2,110,759 $-1,515,411
2021 $2,901,288 $3,238,761 $3,163,906 $-337,473
2021 $6,790,113 $6,277,575 $3,127,404 $512,538
2020 $6,582,141 $6,485,653 $3,054,721 $96,488
2019 $6,299,041 $6,660,301 $2,439,590 $-361,260
2018 $5,959,606 $6,107,263 $2,760,680 $-147,657
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