KENNEBEC MENTAL HEALTH ASSOCIATES

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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

2002

Legal Domicile

Principal Officer

THOMAS MCADAM MBA

Phone

2078732136

Tax Period

2023-07-01 to 2024-06-30

KENNEBEC MENTAL HEALTH ASSOCIATES, founded in 2002, is a community nonprofit in the Mental Health sector that reported $5.2M in total revenue in fiscal year 2023.

Mission

TO COORDINATE, MANAGE AND SUPPORT ALL OF THE ADMINISTRATIVE AND OTHER RELATED ACTIVITIES, SERVICES AND FUNCTIONS WITH RESPECT TO THE OPERATION OF KENNEBEC VALLEY MENTAL HEALTH CENTER (DBA KENNEBEC BEHAVIORAL HEALTH) AND ITS RELATED ORGANIZATIONS, KMHA REAL ESTATE AND KMHA FOUNDATION.

Program Service Accomplishments

Program 1

Expenses: $5,048,183 Revenue: $5,167,225

THE COORDINATION, MANAGEMENT AND SUPPORT OF ADMINISTRATIVE AND OTHER RELATED ACTIVITIES WITH RESPECT TO KENNEBEC VALLEY MENTAL HEALTH CENTER D/B/A KENNEBEC BEHAVIORAL HEALTH AND ITS RELATED...

THE COORDINATION, MANAGEMENT AND SUPPORT OF ADMINISTRATIVE AND OTHER RELATED ACTIVITIES WITH RESPECT TO KENNEBEC VALLEY MENTAL HEALTH CENTER D/B/A KENNEBEC BEHAVIORAL HEALTH AND ITS RELATED CORPORATIONS, KMHA REAL ESTATE AND KMHA FOUNDATION, IN CONNECTION WITH THE DELIVERY OF BEHAVIORAL HEALTH AND RELATED SERVICES.

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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 $0

Program Service Revenue $5,167,225

Investment Income $52,333

Other Revenue $4,148

TOTAL REVENUE $5,223,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,756,377

Fundraising Expenses $103,115

Program Expenses $5,048,183

Other Expenses $1,394,921

TOTAL EXPENSES $5,151,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,223,706	$4,938,178	+0.1%
Expenses	$5,151,298	$4,811,030	+0.1%
Net Income	$72,408	$127,148	-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

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

$535,551

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARLENE C ALMAZAN MD	MEDICAL DIRE	N/A	Highest	$0	$31,091	$349,267
TERESA HERMIDA MD	PSYCHIATRIST	N/A	Highest	$0	$22,579	$320,986
THOMAS MCADAM MBA	CEO	40.00	Officer	$241,097	$78,698	$319,795
JANINE D TAYLOR MD	CHILD PSYCHI	N/A	Highest	$0	$41,106	$299,923
EMIL BUKNER NP	NURSE PRACTI	N/A	Highest	$0	$27,815	$270,227
PAIGE MCINERNEY DO	CHILD PSYCHI	N/A	Highest	$0	$32,525	$260,834
JOSEE SHELLEY CPA	CFO	40.00	Officer	$188,309	$27,447	$215,756
PATSY GARSIDE CROCKETT	DIRECTOR	1.00	Director	$0	$0	$0
BRITTNEY DUNPHY	DIRECTOR	1.00	Director	$0	$0	$0
LISA LANDRY	PRESIDENT/SE	2.00	Officer Director	$0	$0	$0
RAEGAN LAROCHELLE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LONGSTAFF	DIRECTOR	1.00	Director	$0	$0	$0
WINN PRICE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TERRI VIERA	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
2025	No data	No data	No data	No data
2024	$5,223,706	$5,151,298	$3,235,105	$72,408
2023	$4,938,178	$4,811,030	$3,250,521	$127,148
2022	$4,928,330	$4,722,377	$3,090,006	$205,953
2021	$4,502,828	$4,326,549	$2,917,311	$176,279
2020	$4,319,464	$4,159,676	$2,657,231	$159,788
2019	$4,028,951	$3,870,243	$2,312,700	$158,708
2018	$3,813,320	$3,700,822	$2,040,510	$112,498