Maine Coast Regional Health Facilities
- Assets
- $64.4m
- Revenue
- $81.4m
- Investments
- $0.0
- Employees
- 702
- Location
- Ellsworth, ME
- Founding
- 12/1950
- Data as of
- 09/2020
- EIN
- 01-0198331
Organization Overview
Maine Coast Regional Health Facilities, operating under the name Maine Coast Memorial Hospital, is located in Ellsworth, ME. The organization was established in 1950. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Maine Coast Memorial Hospital employed 702 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Coast Memorial Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Maine Coast Memorial Hospital generated $81.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $86.7m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE HOSPITAL IS A NOT-FOR-PROFIT ENTITY ESTABLISHED TO PROVIDE HEALTH CARE SERVICES THROUGH ITS ACUTE CARE FACILITY AND PHYSICIAN PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTHCARE SERVICES REGARDLESS OF ABILITY TO PAY AS WELL AS EDUCATION AND PROMOTION OF HEALTH. PROVIDED $4,789,572 OF OTHER UNCOMPENSATED CARE (AT COST).ADMISSIONS 1,623PATIENT DAYS 8,854AVERAGE STAY 5.4 DAYSCLINIC VISITS:PRIMARY CARE 45,231SPECIALTY CARE 32,690EMERGENCY ROOM VISITS 10,262SURGICAL CASES - INPATIENT 344SURGICAL CASES - OUTPATIENT 1,627LABORATORY TESTS: 208,545RADIOLOGY EXAMS:DIAGNOSTIC RADIOLOGY 15,797ULTRASOUND 5,980CT SCAN 6,822MAMMOGRAPHY 4,218NUCLEAR MEDICINE 535MRI 2,021PHYSICAL, OCCUPATIONAL & SPEECH THERAPY 70,694BIRTHS 196
EXPERIENCED MEDICARE SHORTFALL (AT COST). 5,975 PERSONS SERVED.
EXPERIENCED MEDICAID SHORTFALL (AT COST). 4,049 PERSONS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel B Kairys Physician | 50 | $879,027 | |
Bruce Dick Physician | 50 | $743,194 | |
Peter Copithorne Physician | 50 | $604,489 | |
Davor Sklizovic Physician | 50 | $572,286 | |
Martin Curlik Physician | 50 | $434,288 | |
Sheena Whittaker MD VP Sr Phys Exec | Officer | 50 | $383,094 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nurse Anesthesia Of Maine Anesthesia Services | 9/29/21 | $1,854,694 |
Emergency Physician Associates Inc Contract Labor | 9/29/21 | $3,693,572 |
Simplifi Managed Services Contract Labor | 9/29/21 | $1,715,441 |
Dahl Chase Diagnostics Laboratory Services | 9/29/21 | $298,982 |
Hbcs Collection Services | 9/29/21 | $390,102 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $618,857 |
| Investment income | $19,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,332 |
| Net Gain/Loss on Asset Sales | $9,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,449,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,163,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,213,892 |
| Pension plan accruals and contributions | $703,018 |
| Other employee benefits | $5,631,539 |
| Payroll taxes | $2,336,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,105 |
| Fees for services: Accounting | $25,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,979,214 |
| Advertising and promotion | $105,167 |
| Office expenses | $1,735,259 |
| Information technology | $1,137,365 |
| Royalties | $0 |
| Occupancy | $2,096,026 |
| Travel | $28,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,064 |
| Interest | $453,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,844,709 |
| Insurance | $704,025 |
| All other expenses | $0 |
| Total functional expenses | $86,652,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,726,848 |
| Savings and temporary cash investments | $1,423,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,423,255 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100,090 |
| Inventories for sale or use | $519,354 |
| Prepaid expenses and deferred charges | $159,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $300,000 |
| Other assets | $11,300,518 |
| Total assets | $64,403,049 |
| Accounts payable and accrued expenses | $30,958,851 |
| Grants payable | $0 |
| Deferred revenue | $10,749,848 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,240,732 |
| Total liabilities | $54,949,431 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,453,618 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Maine Coast Regional Health Facilities has recieved totaling $82,875.
| Awarding Organization | Amount |
|---|---|
Davis Family Foundation Yarmouth, ME PURPOSE: Northern Light Maine Coast Hospital Capital Campaign: Building on a Promise | $50,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: General Hospitals | $12,000 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $875 |
Endowment Analysis
| Beg. Balance | $6,633,954 |
| Earnings | $1,066,352 |
| Net Contributions | $1,200 |
| Other Expense | $214,155 |
| Ending Balance | $7,487,351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concord Hospital Inc Concord, NH | $790,822,441 | $622,809,517 |
Elliot Hospital Of The City Of Manchester Manchester, NH | $676,110,969 | $594,778,887 |
Catholic Medical Center Manchester, NH | $518,751,919 | $548,724,237 |
Central Maine Medical Center Lewiston, ME | $261,602,490 | $415,757,957 |
Exeter Hospital Inc Exeter, NH | $369,586,384 | $318,717,288 |
Southern New Hampshire Medical Center Nashua, NH | $437,025,715 | $313,798,950 |
St Marys Regional Medical Center Lewiston, ME | $137,492,595 | $248,635,435 |
St Joseph Hospital Of Nashua Nh Nashua, NH | $290,885,778 | $272,191,009 |
Mercy Hospital Portland, ME | $246,085,431 | $253,284,486 |
Cheshire Medical Center Keene, NH | $168,346,405 | $247,398,804 |
York Hospital York, ME | $137,570,951 | $221,452,190 |
St Joseph Hospital Bangor, ME | $73,052,907 | $183,023,757 |