NEW GLOUCESTER, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE ORGANIZATION WAS ESTABLISHED AND OPERATES AS A CONSUMER-OPERATED AND ORIENTED PLAN ("CO-OP") IN ACCORDANCE WITH THE PROVISIONS OF SECTION 1322 OF THE PATIENT PROTECTION AND AFFORDABLE CARE ACT. AS A CONSUMER-GOVERNED NONPROFIT HEALTH INSURANCE ISSUER, THE ORGANIZATION: (1) PARTNERS WITH MEMBERS, BUSINESSES, AND HEALTH PROFESSIONALS TO PROVIDE AFFORDABLE, HIGH-QUALITY BENEFITS THAT PROMOTE HEALTH AND WELLBEING, (2) CREATES AND DEVELOPS INNOVATIVE FORMS OF HEALTHCARE DELIVERY FOR THE PURPOSE OF CREATING BETTER HEALTHCARE VALUE THROUGH IMPROVED HEALTH OUTCOMES AT LOWER COST, AND (3) PROMOTES THE HEALTH OF THE PEOPLE OF MAINE AND EDUCATES THE PUBLIC ABOUT HEALTH, HEALTHCARE, AND RELATED TOPICS. FORM 990, PART V, LINE 13: MCHO IS LICENSED TO ISSUE QUALIFIED HEALTH PLANS IN THE FOLLOWING STATES: ME, NH MCHO MAINTAINS AND REPORTS THE FULL AMOUNT OF RESERVES REQUIRED BY MAINE AND NEW HAMPSHIRE STATE LAW OF $100,000 AND $0, RESPECTIVELY.
THE ORGANIZATION WAS ESTABLISHED AND OPERATES AS A CONSUMER-OPERATED AND ORIENTED PLAN ("CO-OP") IN ACCORDANCE WITH THE PROVISIONS OF SECTION 1322 OF THE PATIENT PROTECTION AND AFFORDABLE CARE ACT...
THE ORGANIZATION WAS ESTABLISHED AND OPERATES AS A CONSUMER-OPERATED AND ORIENTED PLAN ("CO-OP") IN ACCORDANCE WITH THE PROVISIONS OF SECTION 1322 OF THE PATIENT PROTECTION AND AFFORDABLE CARE ACT. AS A CONSUMER-GOVERNED NONPROFIT HEALTH INSURANCE ISSUER, THE ORGANIZATION: (1) PARTNERS WITH MEMBERS, BUSINESSES, AND HEALTH PROFESSIONALS TO PROVIDE AFFORDABLE, HIGH-QUALITY BENEFITS THAT PROMOTE HEALTH AND WELLBEING, (2) CREATES AND DEVELOPS INNOVATIVE FORMS OF HEALTHCARE DELIVERY FOR THE PURPOSE OF CREATING BETTER HEALTHCARE VALUE THROUGH IMPROVED HEALTH OUTCOMES AT LOWER COST, AND (3) PROMOTES THE HEALTH OF THE PEOPLE OF MAINE AND EDUCATES THE PUBLIC ABOUT HEALTH, HEALTHCARE, AND RELATED TOPICS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare MAINE COMMUNITY HEALTH OPTIONS with other nonprofits in Maine and across the country.