Central Maine Medical Center
- Assets
- $300.5m
- Revenue
- $396.7m
- Investments
- $4.8m
- Employees
- 2,313
- Location
- Lewiston, ME
- Founding
- 03/1942
- Data as of
- 06/2020
- EIN
- 01-0211494
Organization Overview
Central Maine Medical Center is located in Lewiston, ME. The organization was established in 1942. 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 06/2020, Central Maine Medical Center employed 2,313 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Central Maine Medical Center generated $396.7m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $415.3m during the year ending 06/2020. 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
CMMC STRIVES TO PROVIDE EXCEPTIONAL HEALTHCARE SERVICES. THE HOSPITAL DEPENDS ON THE EXPERTISE OF ITS CAREGIVERS IN ADDITION TO THE COMMITMENT AND COMPASSION THEY PROVIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL MAINE MEDICAL CENTER IS A 250-BED, NOT-FOR-PROFIT HOSPITAL LOCATED IN LEWISTON, MAINE OFFERING COMPREHENSIVE HEALTHCARE SERVICES TO THE RESIDENTS OF THE CENTRAL AND WESTERN MAINE REGION WITH AN ACTIVE MEDICAL STAFF OF MORE THAN 300 PHYSICIANS REPRESENTING SOME 30 SPECIALTIES OVER 2,000 HIGHLY SKILLED EMPLOYEES AND WITH THE SUPPORT OF THE LATEST TECHNOLOGIES, CMMC IS WELL POSITIONED TO MEET THE REGION'S HEALTHCARE NEEDS WITH THE UTMOST COMPASSION, KINDNESS, AND UNDERSTANDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tarek Radwan MD Physician | 55 | $1,065,102 | |
Lisa Rutstein MD Physician | 55 | $966,234 | |
Paul Weldner MD Physician | 55 | $906,142 | |
Sean Mcgarr DO Physician | 55 | $826,280 | |
Carmine Frumiento MD Physician | 55 | $819,148 | |
Andrew Eisenhauer Physician Division Chief | Officer | 55 | $767,088 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food & Op. Plnt Svcs | 6/29/20 | $16,766,065 |
Quest Diagnostics Medical Services | 6/29/20 | $5,662,593 |
Comprehensive Pharmacy Services Medical Services | 6/29/20 | $5,906,368 |
Weatherby Locums Inc Medical Staffing | 6/29/20 | $4,940,732 |
Autumn Enterprise Medical Staffing | 6/29/20 | $5,947,236 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,000 |
| Related organizations | $2,043,444 |
| Government grants | $20,027,277 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,333,854 |
| Total Program Service Revenue | $381,003,958 |
| Investment income | $965,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $294,978 |
| Net Income from Fundraising Events | -$14,245 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $105,178 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $396,713,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $3,369,897 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $63,917 |
| Other salaries and wages | $196,671,602 |
| Pension plan accruals and contributions | $2,461,422 |
| Other employee benefits | $16,384,095 |
| Payroll taxes | $9,224,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,850 |
| Fees for services: Accounting | $132,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,370,404 |
| Advertising and promotion | $6,687 |
| Office expenses | $7,812,968 |
| Information technology | $6,642,374 |
| Royalties | $0 |
| Occupancy | $4,551,272 |
| Travel | $361,711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $262,131 |
| Interest | $4,600,557 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,019,566 |
| Insurance | $265,713 |
| All other expenses | $0 |
| Total functional expenses | $415,280,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,012,835 |
| Savings and temporary cash investments | $70,442,653 |
| Pledges and grants receivable | $4,080 |
| Accounts receivable, net | $39,925,804 |
| Loans from Officers, Directors, or Controlling Persons | $15,920 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,337,781 |
| Inventories for sale or use | $8,833,266 |
| Prepaid expenses and deferred charges | $845,494 |
| Net Land, buildings, and equipment | $119,232,403 |
| Investments—publicly traded securities | $4,800,121 |
| Investments—other securities | $4,845,260 |
| Investments—program-related | $0 |
| Intangible assets | $2,041,758 |
| Other assets | $44,125,816 |
| Total assets | $300,463,191 |
| Accounts payable and accrued expenses | $130,998,969 |
| Grants payable | $0 |
| Deferred revenue | $637,015 |
| Tax-exempt bond liabilities | $95,070,903 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,657,937 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,786,420 |
| Total liabilities | $280,151,244 |
| Net assets without donor restrictions | $5,433,946 |
| Net assets with donor restrictions | $14,878,001 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $300,463,191 |
Grants Awarded
Over the last fiscal year, Central Maine Medical Center has awarded $65,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Leeds, ME PURPOSE: GENERAL | $30,000 |
Dallas, TX PURPOSE: HEARTWALK SPONSORSHIP | $25,000 |
Lewiston, ME PURPOSE: GENERAL | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Central Maine Medical Center has recieved totaling $1,967,337.
| Awarding Organization | Amount |
|---|---|
Central Maine Healthcare Corporation Lewiston, ME PURPOSE: SUPPORT | $1,946,285 |
Maine Hospital Association Inc Augusta, ME PURPOSE: ASPR Grant -- COVID-19 Preparedness and Response Activities | $15,733 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,319 |
Endowment Analysis
| Beg. Balance | $17,315,925 |
| Earnings | -$1,633,565 |
| Other Expense | $3,725 |
| Ending Balance | $15,678,635 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concord Hospital Inc Concord, NH | $697,377,820 | $555,720,109 |
Elliot Hospital Of The City Of Manchester Manchester, NH | $588,879,146 | $503,607,421 |
Catholic Medical Center Manchester, NH | $530,592,222 | $459,237,683 |
Central Maine Medical Center Lewiston, ME | $300,463,191 | $396,713,032 |
Exeter Hospital Inc Exeter, NH | $285,871,430 | $303,921,048 |
Cheshire Medical Center Keene, NH | $185,465,067 | $225,659,551 |
St Joseph Hospital Of Nashua Nh Nashua, NH | $273,734,500 | $242,203,849 |
St Marys Regional Medical Center Lewiston, ME | $147,144,163 | $235,124,353 |
Mid Coast Hospital Brunswick, ME | $233,202,756 | $223,348,397 |
Southern New Hampshire Medical Center Nashua, NH | $464,724,660 | $262,407,741 |
Mercy Hospital Portland, ME | $154,782,094 | $236,348,099 |
York Hospital York, ME | $128,368,248 | $199,699,345 |