KENNEBEC MENTAL HEALTH ASSOCIATES

EIN: 611419905 501(c)(3) Mental Health

WATERVILLE, ME

Total Revenue
$5,223,706
Total Expenses
$5,151,298
Total Assets
$3,235,105
Net Assets
$2,292,365
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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
ME
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 D/B/A KENNEBEC BEHAVIORAL HEALTH IN CONNECTION WITH ITS DELIVERY OF BEHAVIORAL HEALTH AND OTHER 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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
59
Volunteers
7

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
4
$535,551
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
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
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