Houlton Regional Hospital

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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

1973

Legal Domicile

Principal Officer

Aaron Teachout

Phone

2075322900

Tax Period

2023-10-01 to 2024-09-30

Houlton Regional Hospital, founded in 1973, is a mid-sized nonprofit in the Health Care sector that reported $58.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Houlton Regional Hospital's purpose is to provide safe, compassionate, quality, cost effective care to communities we serve. We are dedicated to improving the health status of those we support through education, treatment and rehabilitation.

Program Service Accomplishments

Program 1

Expenses: $49,394,046 Revenue: $56,985,278

Provision of health care services in rural Maine: During the fiscal year ended 9/30/24, 894 people had an inpatient stay (including swing beds); 75,294 outpatient services were rendered; 10,476...

Provision of health care services in rural Maine: During the fiscal year ended 9/30/24, 894 people had an inpatient stay (including swing beds); 75,294 outpatient services were rendered; 10,476 people served in the emergency room. Of these services, 170 accounts (representing 50 people and $160,706) were written off as charity 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 $469,662

Program Service Revenue $56,985,278

Investment Income $961,948

Other Revenue $30,826

TOTAL REVENUE $58,447,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,146,000

Fundraising Expenses $0

Program Expenses $49,394,046

Other Expenses $27,241,677

TOTAL EXPENSES $57,387,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,447,714	$51,220,118	+0.1%
Expenses	$57,387,677	$53,326,235	+0.1%
Net Income	$1,060,037	$-2,106,117	-1.5%

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

446

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

$902,964

Total Directors

$274,493

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Solomon Olabiyi	Director	40.00	Director	$240,121	$34,372	$274,493
Lynette McLaughlin	President	1.00	Officer Director	$0	$0	$0
Karl Woods DMD	Vice President	1.00	Officer Director	$0	$0	$0
Nancy Ketch	Treasurer	1.00	Officer Director	$0	$0	$0
Max Lynds	Secretary	1.00	Officer Director	$0	$0	$0
Scott Allen	Director	1.00	Director	$0	$0	$0
Gary Bossie	Director	1.00	Director	$0	$0	$0
David Harbison	Director	1.00	Director	$0	$0	$0
Doug Hazlett	Director	1.00	Director	$0	$0	$0
Shawn D Anderson	Past CEO	40.00	Officer	$314,116	$25,869	$339,985
Cynthia Thompson	Past CFO	40.00	Officer	$172,380	$4,023	$176,403
C Regina Brown	COO	40.00	Officer	$195,324	$27,563	$222,887
Vera Schumann	Interim CFO	40.00	Officer	$0	$0	$0
Shauna Cameron	CEO	40.00	Officer	$0	$0	$0
Adele King	CFO	40.00	Officer	$0	$0	$0
Traci Peabody	CNO	40.00	Officer	$129,973	$33,716	$163,689
Jennifer Cavalari	Hospitalist	40.00	Highest	$484,731	$12,726	$497,457
Eric Rau	General Surgeon	40.00	Highest	$434,745	$31,880	$466,625
Maggy Lespinasse	Past Pediatrician	40.00	Highest	$328,168	$17,262	$345,430
Kimberly Mays De Perez	OB/GYN Physician	40.00	Highest	$251,372	$29,011	$280,383
Jared Onder	Chief Anesthetist	40.00	Highest	$314,755	$21,819	$336,574

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	$58,447,714	$57,387,677	$30,840,379	$1,060,037
2023	$51,220,118	$53,326,235	$28,468,738	$-2,106,117
2022	$56,300,492	$52,316,295	$32,044,624	$3,984,197
2021	$54,104,175	$47,464,873	$35,852,334	$6,639,302
2020	$48,441,740	$47,832,003	$36,054,389	$609,737
2019	$47,621,728	$47,586,153	$23,834,079	$35,575
2018	$48,185,541	$47,857,547	$23,220,120	$327,994