Rumford Hospital
- Assets
- $20.4m
- Revenue
- $57.8m
- Investments
- $0.0
- Employees
- 311
- Location
- Rumford, ME
- Founding
- 09/1942
- Data as of
- 06/2022
- 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 06/2022, Rumford Hospital employed 311 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 06/2022, Rumford Hospital generated $57.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $52.5m during the year ending 06/2022. While expenses have increased by 2.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Ann Connelly Director | Trustee | 3 | $0 |
Austin Albert Vice Chair | OfficerTrustee | 3 | $0 |
Devore Culver Chair Person/ Director | OfficerTrustee | 3 | $0 |
Geoffrey Swift Director | Trustee | 3 | $0 |
Janet Hall Koski Director | Trustee | 3 | $0 |
John Mcanuff Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Medical Staffing | 6/29/22 | $2,702,067 |
Sodexo Inc Support Services | 6/29/22 | $2,620,698 |
Quest Diagnostics Lab Services | 6/29/22 | $1,404,943 |
Chg Companies Inc Medical Staffing | 6/29/22 | $585,002 |
Medicus Healthcare Solutions Llc Medical Staffing | 6/29/22 | $515,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,473,425 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,488,741 |
| Total Program Service Revenue | $55,080,729 |
| Investment income | $101,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,884 |
| Net Gain/Loss on Asset Sales | -$49,757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,844,804 |
| 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 | $22,502,006 |
| Pension plan accruals and contributions | $111,772 |
| Other employee benefits | $1,246,359 |
| Payroll taxes | $979,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,318,702 |
| Advertising and promotion | $670 |
| Office expenses | $707,022 |
| Information technology | $160,626 |
| Royalties | $0 |
| Occupancy | $1,138,204 |
| Travel | $125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,651 |
| Interest | $34,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,524,528 |
| Insurance | $1,197,969 |
| All other expenses | $0 |
| Total functional expenses | $52,549,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,603 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,498,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $691,980 |
| Prepaid expenses and deferred charges | $330,380 |
| Net Land, buildings, and equipment | $8,448,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,189 |
| Other assets | $5,409,578 |
| Total assets | $20,438,428 |
| Accounts payable and accrued expenses | $8,556,085 |
| Grants payable | $0 |
| Deferred revenue | $261,572 |
| 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 | $440,725 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $780,706 |
| Total liabilities | $10,039,088 |
| Net assets without donor restrictions | $10,096,760 |
| Net assets with donor restrictions | $302,580 |
| 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 | $20,438,428 |
Grants Awarded
Over the last fiscal year, Rumford Hospital has awarded $35,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIFEFLIGHT FOUNDATION PURPOSE: AIRCRAFT | $10,000 |
COMMUNITY DENTAL PURPOSE: OPERATIONS | $7,500 |
LIFEFLIGHT FOUNDATION PURPOSE: AIRCRAFT | $10,000 |
COMMUNITY DENTAL PURPOSE: OPERATIONS | $7,500 |