Franklin Community Health Network

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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

1991

Legal Domicile

Principal Officer

Timothy Churchill

Phone

2077792265

Tax Period

2018-10-01 to 2019-01-01

Franklin Community Health Network, founded in 1991, is a micro nonprofit that reported $70K in total revenue in fiscal year 2018. Revenue fell 94% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $50K, a strong 71% operating margin.

Mission

To work cooperatively with other concerned individuals and organizations to achieve the highest level of health and wellness possible for the people of west central Maine.

Program Service Accomplishments

Program 1

Expenses: $9,761 Revenue: $25,579

Franklin Community Health Network (FCHN) is a nonprofit, community governed healthcare organization serving the needs of Franklin County and the surrounding areas. FCHN is a supporting organization and the parent company to the following affiliates: - Franklin Memorial Hospital - Healthy Community Coalition - Evergreen Behavioral Services

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,579

Investment Income $44,903

Other Revenue $0

TOTAL REVENUE $70,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,634

Fundraising Expenses $10,736

Program Expenses $9,761

Other Expenses $10,863

TOTAL EXPENSES $20,497

Year-over-Year Comparison

	2018	2017	Change
Revenue	$70,482	$1,096,728	-0.9%
Expenses	$20,497	$1,047,886	-1.0%
Net Income	$49,985	$48,842	+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

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

$835,239

Total Directors

$2,460,377

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Madelyn Besse	Director	1.00	Director	$0	$0	$0
Connie Coggins	Director	1.00	Director	$0	$0	$0
Darryl Wood	Director	1.00	Director	$0	$0	$0
David Dixon MD	Director	1.00	Director	$0	$0	$0
Jack Peck	Director	1.00	Director	$0	$0	$0
Katherine Heer DMD	Director	1.00	Director	$0	$0	$0
Michael Cormier	Director	1.00	Director	$0	$0	$0
Michele McCormick MD	Director	1.00	Director	$0	$0	$0
Peter Judkins	Director	1.00	Director	$0	$0	$0
Ronald Aseltine Esq	Director	1.00	Director	$0	$0	$0
Sheena Bunnell	Director	1.00	Director	$0	$0	$0
Stephen Goss DO	Medical Staff Pres.	1.00	Director	$0	$34,368	$259,745
William L Caron Jr	MH CEO	1.00	Director	$0	$120,606	$1,676,435
Clint Boothby	Chairman	1.00	Officer Director	$0	$0	$0
Gilly Hitchcock	Vice Chair	1.00	Officer Director	$0	$0	$0
John Bogar	Treasurer	1.00	Officer Director	$0	$0	$0
Connie Adler MD	Secretary	1.00	Officer Director	$0	$0	$33,006
Timothy Churchill	President/CEO	1.00	Officer Director	$0	$65,387	$491,191
John Cox	Regional CFO	0.00	Officer	$0	$46,424	$311,042

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
2019	$70,482	$20,497	No data	$49,985
2018	$1,096,728	$1,047,886	$16,208,145	$48,842