Mount Desert Island Hospital
- Assets
- $84.3m
- Revenue
- $94.6m
- Investments
- $1.9m
- Employees
- 541
- Location
- Bar Harbor, ME
- Founding
- 12/1940
- Data as of
- 04/2022
- EIN
- 01-0211797
Organization Overview
Mount Desert Island Hospital is located in Bar Harbor, ME. The organization was established in 1940. 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 04/2022, Mount Desert Island Hospital employed 541 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Desert Island 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 04/2022, Mount Desert Island Hospital generated $94.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $79.5m during the year ending 04/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CRITICAL ACCESS HOSPITAL, PROVIDING MEDICAL & HEALTHCARE SERVICES LOCATED IN BAR HARBOR, ME.
Describe the Organization's Program Activity:
IN FISCAL YEAR 2022, MOUNT DESERT ISLAND (MDI) HOSPITAL PROVIDED $5,191,894 IN SERVICES FOR WHICH NO COMPENSATION WAS EXPECTED OR RECEIVED. FINANCIAL ASSISTANCE POLICIES EXIST TO PROVIDE RELIEF FOR THOSE WHO CANNOT PAY FOR MEDICAL CARE. MDI HOSPITAL PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS INCLUDING MEDICARE, MEDICAID, VA, AND CHAMPUS. THE UNREIMBURSED VALUE FOR PROVIDING CARE TO THESE PATIENTS APPROXIMATES $903,620. THE HOSPITAL CONTINUES TO PROVIDE A NUMBER OF HEALTH SERVICES AND PREVENTATIVE HEALTH PROGRAMS TO THE COMMUNITY. AVAILABLE PROGRAMS INCLUDE CARDIAC PULMONARY REHABILITATION, CARE COORDINATION, WELLNESS PROGRAMS, DIABETES EDUCATION, ANNUAL WELLNESS EXAMS, NUTRITION COUNSELING, PARENTING, PREGNANCY AND SIBLING CLASSES, PHYSICAL AND OCCUPATIONAL THERAPY PROGRAMS, SPEECH THERAPY, MEDICATION THERAPY MANAGEMENT, HEALTH COACHING, CARE MANAGEMENT, COAGULATION MANAGEMENT, FINANCIAL AND INSURANCE WORKSHOPS, AND OUR ORAL HEALTH PROGRAM WHICH INCLUDED EDUCATION AND OUTREACH TO THE COMMUNITY, SCHOOLS, AND SERVICE PROVIDERS. THE HOSPITAL PROVIDES VOLUNTEERS AS CERTIFIED APPLICATION COUNSELORS TO HELP ENROLL AND EDUCATE MEMBERS OF OUR COMMUNITY INTO THE HEALTH INSURANCE EXCHANGE OPTIONS. THROUGHOUT THE YEAR, STAFF FROM THE HOSPITAL MAKE PRESENTATIONS TO AREA SCHOOL CHILDREN REGARDING SMOKING CESSATION, WELLNESS, HEALTH, ACTIVITY, NUTRITION, AND ORAL HEALTH, INCLUDING GIVE KIDS A SMILE DAY, IN WHICH FREE OR REDUCED COST SCREENINGS ARE AVAILABLE. ADDITIONALLY, COMMUNITY GROUPS SUCH AS THE YMCA, ALCOHOLICS ANONYMOUS, CANCER SUPPORT, AND PALLIATIVE CARE USE THE HOSPITAL'S CONFERENCE ROOMS FOR THEIR MEETINGS. MANY HOSPITAL STAFF MEMBERS SERVE OTHER NONPROFITS IN CAPACITIES SUCH AS VOLUNTEER HOURS AND BOARD OF DIRECTORS' MEMBERSHIPS, AS WELL AS MEMBERSHIPS IN SERVICE ORGANIZATIONS SUCH AS THE LOCAL HEALTHY ACADIA, ROTARY, CHAMBER OF COMMERCE, AND LIONS/LIONESS CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stu Davidson MD Physician | 40 | $582,441 | |
Charles Hendricks MD Physician | 40 | $552,293 | |
Aaron Perme MD Physician | 40 | $439,895 | |
Katherine Gassman MD Physician | 40 | $366,562 | |
Christina Maguire President & CEO | OfficerTrustee | 40 | $333,736 |
Peter Ossanna MD Physician | 40 | $311,478 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Newman & Noyes Tax And Audit Services | 4/29/22 | $134,079 |
Triage Llc Healthcare Consultancy | 4/29/22 | $376,271 |
Surapeneni P Ramanadha Rao Physician Services | 4/29/22 | $315,000 |
Therapy Partners Llc Physical Therapy Services | 4/29/22 | $918,369 |
Eclinicalworks Software Support And Solutions | 4/29/22 | $204,202 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,251,811 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,503,239 |
| Noncash contributions included in lines 1a–1f | $155,447 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,755,050 |
| Total Program Service Revenue | $80,120,830 |
| Investment income | $1,118,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,127 |
| Net Gain/Loss on Asset Sales | $2,572,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,579,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,496,315 |
| Compensation of current officers, directors, key employees. | $318,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,880,187 |
| Pension plan accruals and contributions | $673,822 |
| Other employee benefits | $8,247,060 |
| Payroll taxes | $2,392,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113,735 |
| Fees for services: Accounting | $98,010 |
| Fees for services: Lobbying | $7,605 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,250 |
| Fees for services: Other | $7,698,770 |
| Advertising and promotion | $119,948 |
| Office expenses | $1,141,970 |
| Information technology | $3,882,041 |
| Royalties | $0 |
| Occupancy | $1,853,112 |
| Travel | $306,253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $495,727 |
| Interest | $205,202 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,889,244 |
| Insurance | $929,318 |
| All other expenses | $388,547 |
| Total functional expenses | $79,539,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,550 |
| Savings and temporary cash investments | $20,944,843 |
| Pledges and grants receivable | $3,674,606 |
| Accounts receivable, net | $11,075,510 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $554,048 |
| Prepaid expenses and deferred charges | $802,189 |
| Net Land, buildings, and equipment | $27,433,095 |
| Investments—publicly traded securities | $14,373,544 |
| Investments—other securities | $1,939,188 |
| Investments—program-related | $32,269 |
| Intangible assets | $0 |
| Other assets | $3,468,783 |
| Total assets | $84,300,625 |
| Accounts payable and accrued expenses | $9,516,201 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,894,688 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,816,972 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,891,810 |
| Total liabilities | $32,119,671 |
| Net assets without donor restrictions | $43,263,977 |
| Net assets with donor restrictions | $8,916,977 |
| 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 | $84,300,625 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that Mount Desert Island Hospital has recieved totaling $1,954,243.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $1,131,200 |
Diana Davis Spencer Foundation Bethesda, MD PURPOSE: GENERAL SUPPORT | $300,000 |
Cornolia Cogswell Rossi Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $75,000 |
Davis Family Foundation Yarmouth, ME PURPOSE: Fixed-Place MRI Project | $50,000 |
Pershing Square Foundation New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Edward B Mears Ud 4-12-35 Pittsburgh, PA PURPOSE: GENERAL OPERATING | $30,875 |
Endowment Analysis
| Beg. Balance | $9,847,696 |
| Earnings | -$1,133,936 |
| Admin Expense | $24,445 |
| Net Contributions | $3,675,585 |
| Ending Balance | $12,364,900 |
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 |