KATAHDIN VALLEY HEALTH CENTER

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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

Principal Officer

CHRISTINE NICKERSON

Phone

2075383700

Tax Period

2025-04-01 to 2026-03-31

KATAHDIN VALLEY HEALTH CENTER is a mid-sized nonprofit in the Health Care sector that reported $34.6M in total revenue in fiscal year 2025. Expenses of $32.4M left a modest 6% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE MEDICAL, DENTAL AND OTHER HEALTH CARE SERVICES TO INDIVIDUALS IN THE AREAS OF PATTEN, MILLINOCKET, BROWNVILLE, ASHLAND, ISLAND FALLS, LINCOLN, DOVER AND HOULTON, MAINE AREAS. IT IS A FEDERALLY QUALIFIED HEALTH CENTER.

Program Service Accomplishments

Program 1

Expenses: $23,684,388 Revenue: $29,865,074

THE CENTER PROVIDES HEALTH CARE SERVICES FOR THE PEOPLE OF ALL AGES FROM THE SURROUNDING AREA, CENTRAL AND NORTHERN MAINE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $4,554,193

Program Service Revenue $29,865,074

Investment Income $228,529

Other Revenue $0

TOTAL REVENUE $34,647,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,245,109

Fundraising Expenses $0

Program Expenses $23,684,388

Other Expenses $9,186,416

TOTAL EXPENSES $32,431,525

Year-over-Year Comparison

	2025	2024	Change
Revenue	$34,647,796	$33,120,410	+0.0%
Expenses	$32,431,525	$31,205,293	+0.0%
Net Income	$2,216,271	$1,915,117	+0.2%

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

396

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

$627,146

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDETTE HUMPHREY	CEO	50.00	Officer	$472,112	$38,170	$510,282
JEAN HAMLIN	PHYSICIAN	40.00	Highest	$266,804	$32,671	$299,475
ERIN CHANDLER	PHYSICIAN	40.00	Highest	$240,022	$21,088	$261,110
KATHLEEN THIBAULT	PHYSICIAN	40.00	Highest	$242,836	$0	$242,836
MORGAN ABDUL-KORAH	DENTIST	40.00	Highest	$209,742	$29,286	$239,028
DAVID FLAHERTY	CHIEF MED OF	40.00	Highest	$222,868	$0	$222,868
CHARITY RUDGE	CFO	40.00	Officer	$109,113	$7,751	$116,864
RHONDA BROPHY	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN CASE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DOE	TREASUER	1.00	Officer Director	$0	$0	$0
CHRISTINE NICKERSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JASON J PARENT	DIRECTOR	1.00	Director	$0	$0	$0
CHAD PERKINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRANDI STEVENSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ALICIA M STONE	DIRECTOR	1.00	Director	$0	$0	$0
KATHY WHITE	DIRECTOR	1.00	Director	$0	$0	$0

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
2026	$34,647,796	$32,431,525	$53,446,077	$2,216,271
2025	$33,120,410	$31,205,293	$50,682,720	$1,915,117
2024	$34,203,366	$27,702,332	$49,702,302	$6,501,034
2023	$26,981,852	$25,117,279	$40,956,131	$1,864,573
2022	$25,947,619	$21,643,236	$35,547,578	$4,304,383
2021	$24,390,887	$19,423,505	$31,606,827	$4,967,382
2020	$20,291,222	$18,379,719	$27,406,272	$1,911,503
2019	$18,006,390	$15,892,304	$25,492,668	$2,114,086