MaineGeneral Health and Affiliates (EIN 320265031) - 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

1997

Legal Domicile

Principal Officer

Charles Hays

Phone

2076261000

Tax Period

2022-07-01 to 2023-06-30

MaineGeneral Health and Affiliates, founded in 1997, is a major nonprofit that reported $694.7M in total revenue in fiscal year 2022.

Mission

Charles Hays $11,479 Treated as taxable compensation.

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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 (2022)

Revenue Breakdown

Contributions & Grants $30,989,127

Program Service Revenue $658,875,742

Investment Income $3,280,085

Other Revenue $1,569,887

TOTAL REVENUE $694,714,841

Expense Breakdown

Grants Paid $500

Salaries & Benefits $368,185,833

Fundraising Expenses $1,169,527

Program Expenses $558,813,216

Other Expenses $339,823,247

TOTAL EXPENSES $708,009,580

Year-over-Year Comparison

	2022	2021	Change
Revenue	$694,714,841	$702,078,233	0.0%
Expenses	$708,009,580	$685,372,457	+0.0%
Net Income	$-13,294,739	$16,705,776	-1.8%

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

305

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

$2,086,243

Total Directors

$2,129,270

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Byung Kim	Physician	50.00	Highest	$1,147,071	$43,062	$1,190,133
Fady Asslo	Physician	50.00	Highest	$1,049,003	$43,093	$1,092,096
George Polkinghorn	Physician	50.00	Highest	$1,043,105	$44,712	$1,087,817
Joan Kheder	Physician	50.00	Highest	$973,149	$26,886	$1,000,035
Charles Hays	President & CEO	5.00	Officer Director	$0	$42,934	$954,246
Joseph Charpentier	Physician	50.00	Highest	$874,576	$44,308	$918,884
Terry Brann	Treasurer & Chief Financial Officer	5.00	Officer	$0	$28,157	$516,642
Jennifer Riggs	CEO MGCC	50.00	Officer Director	$426,114	$27,966	$454,080
Amy Rico MD	Director	50.00	Director	$327,879	$28,998	$356,877
Deirdre Heersink DO	Director	50.00	Director	$315,252	$14,734	$329,986
Julie Wilder-Greene	Board Secretary	0.00	Officer	$0	$3,701	$86,343
Gail Begin	Board Secretary	40.00	Officer	$49,907	$25,025	$74,932
Stephanie Bartholomew MD	Director	1.00	Director	$34,081	$0	$34,081
Gary Peachey	Director	1.00	Director	$0	$0	$0
Greg Feero MD	Director	1.00	Director	$0	$0	$0
James LaLiberty	Director & Chair	1.00	Officer Director	$0	$0	$0
Janice Kassman	Director	1.00	Director	$0	$0	$0
Matthew Tardiff	Director & Vice Chair	1.00	Officer Director	$0	$0	$0
Peter Mills	Director	1.00	Director	$0	$0	$0
Scott Bullock	Director	1.00	Director	$0	$0	$0
Scott Small	Director	1.00	Director	$0	$0	$0
Michelle Pellitier	Director	1.00	Director	$0	$0	$0
Claudia Glynn FNP-C	Director, MGCC	1.00	Director	$0	$0	$0
Andrew B MacLean JD	Director, MGCC & Chair	2.00	Officer Director	$0	$0	$0
Ann M Davis RN	Director, MGCC	1.00	Director	$0	$0	$0
Erin Sheets PhD	Director, MGCC	1.00	Director	$0	$0	$0
Jennifer Baldwin	Director, MGCC	1.00	Director	$0	$0	$0
Lynn Cote FMP-BC	Director, MGCC	1.00	Director	$0	$0	$0
Pamela J Trinward	Director, MGCC	1.00	Director	$0	$0	$0
Shannon Gauvin DHA MSN BSN RN FA	Director, MGCC	1.00	Director	$0	$0	$0
Shannon Lockwood	Director, MGCC	1.00	Director	$0	$0	$0
Sherry Rogers	Director, MGCC & Vice Chair	1.00	Officer Director	$0	$0	$0
Stephen Dickey RN FNP	Director, MGCC	2.00	Director	$0	$0	$0
Ian Reight	Director (Part Year)	1.00	Director	$0	$0	$0
Joey Joseph	Director (Part Year)	2.00	Director	$0	$0	$0
Nate Cotnoir	Director (Part Year)	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$694,714,841	$708,009,580	$662,735,988	$-13,294,739
2022	$702,078,233	$685,372,457	$699,971,411	$16,705,776
2021	$632,212,717	$630,612,143	$728,555,488	$1,600,574
2020	$632,989,894	$584,910,133	$734,368,475	$48,079,761
2019	$559,040,909	$552,834,829	$656,382,572	$6,206,080
2018	$524,087,029	$520,971,221	$641,376,200	$3,115,808

MaineGeneral Health and Affiliates