ANDROSCOGGIN VALLEY HOSPITAL FOUNDATION (EIN 223035216) - 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

1987

Legal Domicile

Principal Officer

MICHAEL PETERSON

Phone

6037522200

Tax Period

2023-10-01 to 2024-09-30

ANDROSCOGGIN VALLEY HOSPITAL FOUNDATION, founded in 1987, is a small nonprofit that reported $118K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Net assets of $3.5M represent 358 months of operating reserves.

Mission

TO PROVIDE ASSET MANAGEMENT AND FINANCIAL SUPPORT TO ANDROSCOGGIN VALLEY HOSPITAL.

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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 $5,585

Program Service Revenue $0

Investment Income $112,713

Other Revenue $0

TOTAL REVENUE $118,298

Expense Breakdown

Grants Paid $64,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,067

Other Expenses $64,717

TOTAL EXPENSES $129,117

Year-over-Year Comparison

	2023	2022	Change
Revenue	$118,298	$68,595	+0.7%
Expenses	$129,117	$79,605	+0.6%
Net Income	$-10,819	$-11,010	0.0%

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

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

$1,526,625

Total Directors

$664,513

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PETERSON	PRESIDENT	1.00	Officer Director	$0	$10,815	$423,678
BRIAN O'HEARN	DIRECTOR	0.50	Director	$0	$10,924	$240,835
MARK KELLEY	CHAIR	0.50	Officer Director	$0	$0	$0
PAMELA LAFLAMME	VICE CHAIR	0.50	Officer Director	$0	$0	$0
THOMAS MCCUE	TREASURER	0.50	Officer Director	$0	$0	$0
THOMAS MEE	SYSTEM CEO	0.50	Officer	$0	$18,318	$724,548
MATTHEW STREETER	SYSTEM CFO	0.50	Officer	$0	$20,804	$378,399

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	$118,298	$129,117	$3,657,333	$-10,819
2023	$68,595	$79,605	$3,111,132	$-11,010
2022	$167,210	$130,971	$2,723,873	$36,239
2021	$237,605	$89,402	$3,476,006	$148,203
2020	$158,959	$42,297	$2,849,653	$116,662
2019	$116,249	$64,379	$2,687,734	$51,870
2018	$207,423	$83,404	$2,748,710	$124,019

ANDROSCOGGIN VALLEY HOSPITAL FOUNDATION