MAINE COMMUNITY HEALTH OPTIONS (EIN 453416923) - 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

2011

Legal Domicile

Principal Officer

KEVIN LEWIS

Phone

2074023330

Tax Period

2024-01-01 to 2024-12-31

MAINE COMMUNITY HEALTH OPTIONS, founded in 2011, is a major nonprofit in the Mutual Benefit sector that reported $303.8M in total revenue in fiscal year 2024. Expenses of $337.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PARTNER WITH MAINE PEOPLE, BUSINESSES, AND HEALTH PROFESSIONALS TO PROVIDE AFFORDABLE, HIGH-QUALITY BENEFITS THAT PROMOTE HEALTH AND WELLBEING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $301,937,399

Investment Income $1,900,576

Other Revenue $0

TOTAL REVENUE $303,837,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,357,500

Fundraising Expenses $0

Other Expenses $18,143,119

TOTAL EXPENSES $337,142,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,837,975	$306,360,987	0.0%
Expenses	$337,142,473	$330,991,903	+0.0%
Net Income	$-33,304,498	$-24,630,916	+0.4%

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

214

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

$1,801,651

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF NORRIS	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY KORDA	CHAIR (THRU 12/2024)	2.00	Director	$0	$0	$0
REBECCA SWANSON CONRAD	VICE CHAIR	2.00	Director	$0	$0	$0
ASHER KRAMER	TREASURER	2.00	Director	$0	$0	$0
JUDIANN FERRETTI SMITH	SECRETARY (THRU 12/2024)	2.00	Director	$0	$0	$0
PAUL ANDREWS	DIRECTOR (THRU 12/2024)	2.00	Director	$0	$0	$0
LISA BARD LEVINE	DIRECTOR (AS OF 1/2024)	2.00	Director	$0	$0	$0
LESLIE CLARK	DIRECTOR (THRU 12/2024)	2.00	Director	$0	$0	$0
JEROD CRONKITE	DIRECTOR (THRU 12/2024)	2.00	Director	$0	$0	$0
CHERYL GREANEY	DIRECTOR	2.00	Director	$0	$0	$0
JIM HARRISON	DIRECTOR	2.00	Director	$0	$0	$0
RALPH JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
DR ROBERT LORENZO	DIRECTOR	2.00	Director	$0	$0	$0
CORY MCKENNA	DIRECTOR (THRU 12/2024)	2.00	Director	$0	$0	$0
LAURIE REED	DIRECTOR (AS OF 1/2024)	2.00	Director	$0	$0	$0
SHARON REISHUS	DIRECTOR (THRU 12/2024)	2.00	Director	$0	$0	$0
ANDY TOMLINSON	DIRECTOR (AS OF 1/2024)	2.00	Director	$0	$0	$0
KEVIN LEWIS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$420,144	$36,512	$456,656
LORI W TISHLER MD MPH	CHIEF MEDICAL OFFICER	40.00	Officer	$389,066	$57,321	$446,387
WILLIAM KILBRETH	CHIEF INFORMATION OFFICER	40.00	Officer	$277,858	$55,053	$332,911
JOANNE LAUTERBACH	CHIEF FINANCIAL OFFICER	40.00	Officer	$285,377	$18,428	$303,805
DAVID L STUART	CHIEF OPERATING OFFICER (THRU 9/6/24)	40.00	Officer	$219,060	$42,832	$261,892
HEATHER L BOUFFARD	DIRECTOR MARKETING/COMMUNICATIONS	40.00	Highest	$211,518	$38,416	$249,934
KIRK MIKLAVIC	VP HUMAN RESOURCES	40.00	Highest	$195,434	$42,357	$237,791
GRAYSON STUNTZ	DIRECTOR INFO TECHNOLOGY	40.00	Highest	$185,996	$12,375	$198,371
DEBORAH S YOLIN RALEY	VP CLINICAL OPS (THRU 9/2/24)	40.00	Highest	$174,383	$40,063	$214,446
JACQUELYN HEDLUND	SENIOR MEDICAL DIRECTOR	40.00	Highest	$172,525	$0	$172,525

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	$303,837,975	$337,142,473	$124,258,026	$-33,304,498
2023	$306,360,987	$330,991,903	$157,104,410	$-24,630,916
2022	$240,547,158	$255,746,072	$165,981,999	$-15,198,914
2021	$187,137,640	$207,148,584	$184,016,792	$-20,010,944
2020	$230,534,833	$174,032,368	$218,975,407	$56,502,465
2019	$318,165,474	$292,978,630	$182,400,877	$25,186,844
2018	$424,215,650	$398,928,831	$170,659,367	$25,286,819

MAINE COMMUNITY HEALTH OPTIONS