MAINEHEALTH CARE AT HOME

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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

1972

Legal Domicile

Principal Officer

PATRICIA APRILE

Phone

2072844566

Tax Period

2023-10-01 to 2024-09-30

MAINEHEALTH CARE AT HOME, founded in 1972, is a mid-sized nonprofit in the Health Care sector that reported $25.4M in total revenue in fiscal year 2023. Expenses of $36.1M exceeded revenue, resulting in a 42% operating deficit.

Mission

HELPING PEOPLE TO BE AS HEALTHY AND INDEPENDENT AS POSSIBLE AT HOME AND IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $26,593,697 Revenue: $20,085,008

HOMECARE: TO PROVIDE AND ASSURE EQUAL AND TIMELY ACCESS TO A COMPREHENSIVE ARRAY OF CLIENT-DIRECTED QUALITY HOME HEALTH CARE. THESE SERVICES INCLUDE VISITS FROM REGISTERED NURSES, REHABILITATIVE...

HOMECARE: TO PROVIDE AND ASSURE EQUAL AND TIMELY ACCESS TO A COMPREHENSIVE ARRAY OF CLIENT-DIRECTED QUALITY HOME HEALTH CARE. THESE SERVICES INCLUDE VISITS FROM REGISTERED NURSES, REHABILITATIVE THERAPISTS, SOCIAL WORKERS, HOME HEALTH AIDES AND REGISTERED NUTRITIONISTS. THESE SERVICES INCLUDED 6,273 ADMISSIONS, 104,204 HOME VISITS AND FREE CARE TOTALING $105,754 DURING THE TAX YEAR.

Program 2

Expenses: $4,377,053 Revenue: $3,305,789

VISITING HOSPICE: THE HOSPICE PROGRAM PROVIDED HEALTHCARE AND COMFORT FOR 231 TERMINALLY ILL PATIENTS WITHIN THE COMMUNITY.

Program 3

Expenses: $1,846,108 Revenue: $1,394,281

RESIDENTAL HOSPICE - SUSSMAN HOUSE: THE SUSSMAN HOUSE IS A 7 BED HOSPICE FACILITY. THIS HOUSE ENHANCES THE VISITING HOSPICE PROGRAM BY GIVING PATIENTS A PLACE TO GO FOR GENERAL INPATIENT CARE WHICH IS PART OF OUR CONTINUUM OF CARE. THE SUSSMAN HOUSE ALSO OFFERS A PLACE FOR PATIENTS TO GO FOR RESPITE CARE. DURING THE TAX YEAR, A TOTAL OF 301 PATIENTS WERE PROVIDED CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $419,667

Program Service Revenue $24,319,859

Investment Income $346,722

Other Revenue $273,807

TOTAL REVENUE $25,360,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,379,717

Fundraising Expenses $184,379

Program Expenses $32,816,858

Other Expenses $16,757,263

TOTAL EXPENSES $36,136,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,360,055	$26,121,208	0.0%
Expenses	$36,136,980	$33,148,460	+0.1%
Net Income	$-10,776,925	$-7,027,252	+0.5%

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

$1,215,011

Total Directors

$1,278,271

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM NORFLEET	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS MORRIONE	PHYSICIAN, MMP/TRUSTEE	1.00	Director	$0	$99,568	$346,754
KATHRYN COPE	COO, SMHC/TRUSTEE	1.00	Director	$0	$95,626	$438,746
HELEN TROY	VP-QUAL SAFETY,MH/BOARD VICE CHAIR	1.00	Officer Director	$0	$54,797	$266,747
KARY FRANCHETTI	SR DIR, MHMG/BOARD CHAIR	1.00	Officer Director	$0	$57,756	$226,024
PEGGY HAYNES	TRUSTEE	1.00	Director	$0	$0	$0
CHAD A BOUCHER	TRUSTEE	1.00	Director	$0	$0	$0
NANCY STURDEVANT	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA GRILLO	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MORTON	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY T PLANTE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
JANE CONRAD	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA APRILE	PRESIDENT	50.00	Officer	$430,375	$48,297	$478,672
ELAINE COLLINS	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$41,014	$243,568
HEATHER LOMAX	VICE PRESIDENT-CNO	50.00	Highest	$177,958	$10,588	$188,546
JASON GERETZ	PHYSICAL THERAPIST	50.00	Highest	$127,983	$7,540	$135,523
JENNIFER MORIN	DIRECTOR-NURSING SERVICES	50.00	Highest	$128,361	$37,258	$165,619
MICHAEL BOUTIN	RN - HOME CARE	50.00	Highest	$125,027	$39,258	$164,285
MARY THERESE CULLY-ONOSHKO	FORMER HOSPICE RN	50.00	Highest	$122,629	$21,224	$143,853
RANDEE REYNOLDS	FORMER PRESIDENT	50.00		$204,221	$2,684	$206,905

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	$25,360,055	$36,136,980	$17,128,309	$-10,776,925
2023	$26,121,208	$33,148,460	$14,792,252	$-7,027,252
2022	$27,538,050	$34,307,877	$14,780,555	$-6,769,827
2021	$35,705,705	$35,293,357	$18,123,878	$412,348
2020	$30,781,581	$32,830,810	$13,871,515	$-2,049,229
2019	$32,986,289	$32,776,451	$13,674,319	$209,838