Rumford Hospital
- Assets
- $26.0m
- Revenue
- $46.1m
- Investments
- $0.0
- Employees
- 343
- Location
- Rumford, ME
- Founding
- 09/1942
- Data as of
- 06/2021
- EIN
- 01-0215227
Organization Overview
Rumford Hospital is located in Rumford, 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 06/2021, Rumford Hospital employed 343 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rumford 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 06/2021, Rumford Hospital generated $46.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $42.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RUMFORD HOSPITAL STRIVES TO PROVIDE EXCEPTIONAL HEALTHCARE SERVICES. THE HOSPITAL DEPENDS ON THE EXPERTISE COMMITMENT AND COMPASSION OF ITS CAREGIVERS TO FULFILL ITS MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUMFORD HOSPITAL IS A CRITICAL ACCESS HOSPITAL, PROVIDING COMPREHENSIVE PRIMARY CARE AND SOPHISTICATED DIAGNOSTIC SERVICES, INCLUDING CT SCANNING, ULTRASOUND AND NUCLEAR MEDICINE. THE HOSPITAL OFFERS MEDICAL SURGICAL NURSING SERVICES, A BIRTHING CENTER, WOMEN'S HEALTH SERVICES AND AMBULATORY SURGERY. THE SWING BED PROGRAM PROVIDES CARE FOR PATIENTS WHO NEED SKILLED NURSING SERVICES. RUMFORD HOSPITAL ALSO MAINTAINS A 24 HOUR EMERGENCY DEPARTMENT AND STAFFS AN INTENSIVE CARE UNIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Lynds Physician | 55 | $385,259 | |
Said Daoud Physician | 55 | $380,377 | |
Stephanie Sinclair Physician | 55 | $343,194 | |
Dieter Kreckel Physician | 55 | $326,773 | |
John Kroger Physician | 55 | $308,916 | |
Jeff Brickman President/director | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Support Services | 6/29/21 | $1,314,564 |
Cps Pharmacy Solutions Medical Staffing | 6/29/21 | $571,164 |
Chg Companies Inc Medical Staffing | 6/29/21 | $394,210 |
Maine Imaging Services Llc Medical Imaging | 6/29/21 | $341,204 |
Quest Diagnostics Medical Services | 6/29/21 | $1,131,443 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,856 |
| Total Program Service Revenue | $44,714,691 |
| Investment income | $107,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,289 |
| Net Gain/Loss on Asset Sales | $927,167 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,142,304 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,380,428 |
| Pension plan accruals and contributions | -$159,097 |
| Other employee benefits | $1,804,723 |
| Payroll taxes | $970,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,198 |
| Fees for services: Accounting | $18,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,846 |
| Fees for services: Other | $10,576,109 |
| Advertising and promotion | $190 |
| Office expenses | $375,779 |
| Information technology | $508,651 |
| Royalties | $0 |
| Occupancy | $848,697 |
| Travel | $409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,347 |
| Interest | $43,194 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,752,810 |
| Insurance | $190,421 |
| All other expenses | $0 |
| Total functional expenses | $42,209,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,490,858 |
| Savings and temporary cash investments | $1,339,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,264,388 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $533,521 |
| Prepaid expenses and deferred charges | $276,273 |
| Net Land, buildings, and equipment | $9,584,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,511,175 |
| Total assets | $25,999,903 |
| Accounts payable and accrued expenses | $2,665,032 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $494,541 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,599,850 |
| Total liabilities | $12,759,423 |
| Net assets without donor restrictions | $12,929,637 |
| Net assets with donor restrictions | $310,843 |
| 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 | $25,999,903 |
Grants Awarded
Over the last fiscal year, Rumford Hospital has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Camden, ME PURPOSE: AIRCRAFT | $10,000 |
Portland, ME PURPOSE: OPERATIONS | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rumford Hospital has recieved totaling $5,040.
| Awarding Organization | Amount |
|---|---|
Ellason Downs Testamentary Charitable Tr Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $5,040 |
Endowment Analysis
| Beg. Balance | $444,472 |
| Earnings | $9,392 |
| Net Contributions | $17,469 |
| Other Expense | $160,491 |
| Ending Balance | $310,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Littleton Hospital Association Littleton, NH | $118,195,564 | $100,362,959 |
Monadnock Community Hospital Peterborough, NH | $175,868,092 | $101,127,836 |
Maine Coast Regional Health Facilities Ellsworth, ME | $64,403,049 | $81,449,460 |
Memorial Hospital North Conway, NH | $121,250,571 | $92,264,207 |
Huggins Hospital Wolfeboro, NH | $178,261,759 | $92,166,408 |
Mount Desert Island Hospital Bar Harbor, ME | $84,300,625 | $94,579,483 |
Alice Peck Day Memorial Hospital Lebanon, NH | $121,000,117 | $84,355,521 |
Speare Memorial Hospital Plymouth, NH | $103,298,307 | $78,325,414 |
Androscoggin Valley Hospital Inc Berlin, NH | $96,834,885 | $76,927,619 |
The New London Hospital Association Inc New London, NH | $104,740,465 | $65,376,393 |
Weeks Medical Center Lancaster, NH | $93,203,469 | $69,251,055 |
Mid Coast Hospital Brunswick, ME | $0 | $59,625,535 |