Mid Coast Hospital
- Assets
- $0.0
- Revenue
- $59.6m
- Investments
- $0.0
- Employees
- 1,750
- Location
- Brunswick, ME
- Founding
- 08/1940
- Data as of
- 12/2020
- EIN
- 01-0215911
Organization Overview
Mid Coast Hospital is located in Brunswick, 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 12/2020, Mid Coast Hospital employed 1,750 individuals. Mid Coast 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 12/2020, Mid Coast Hospital generated $59.6m 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 (17.6%) each year. All expenses for the organization totaled $62.6m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mid Coast Hospital has awarded 19 individual grants totaling $114,575. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ACUTE AND SPECIALTY CARE HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACUTE AND SPECIALTY HEALTH CARE SERVICES WERE PROVIDED TO RESIDENTS OF THE MID-COAST MAINE AREA. CHARITY CARE WAS PROVIDED TO THOSE PATIENTS WHO DID NOT HAVE THE ABILITY TO PAY FOR MEDICAL SERVICES. EFFECTIVE DECEMBER 31, 2020 THE HOSPITAL LEGALLY DISSOLVED AND TRANSFERRED ALL ITS ASSETS AND ACTIVITIES TO MAINEHEALTH, A 501(C)(3) HEALTHCARE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miguel Arguedas MD Physician | 41.5 | $721,422 | |
Calin Stoicov MD Physician | 41.5 | $638,712 | |
Michael Mason MD Physician | 41.5 | $626,400 | |
Patrick Keaney Former Officer | 41.5 | $598,515 | |
Joseph Yu MD Physician | 41.5 | $592,229 | |
Peter Hutchinson MD Physician | 41.5 | $591,833 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innovative Business Technology Collection Services | 12/30/20 | $331,267 |
Lanford & Low Construction Services | 12/30/20 | $270,035 |
Locumtenenscom Llc Staffing Services | 12/30/20 | $117,739 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $809,218 |
| Noncash contributions included in lines 1a–1f | $271,563 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $809,218 |
| Total Program Service Revenue | $58,791,039 |
| Investment income | $17,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,980 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,625,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,300 |
| 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. | $489,794 |
| Compensation of current officers, directors, key employees. | $55,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,160,309 |
| Pension plan accruals and contributions | $1,086,296 |
| Other employee benefits | $2,245,950 |
| Payroll taxes | $2,459,818 |
| Fees for services: Management | $876,196 |
| Fees for services: Legal | $134,180 |
| 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 | $5,392,810 |
| Advertising and promotion | $25,613 |
| Office expenses | $4,130,274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,120,331 |
| Travel | $11,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $208,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,714,044 |
| Insurance | $666,498 |
| All other expenses | $0 |
| Total functional expenses | $62,566,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Mid Coast Hospital has awarded $25,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF BRUNSWICK PURPOSE: General Support | $5,000 |
PEOPLE PLUS PURPOSE: General Support | $5,000 |
SOUTHERN MIDCOAST MAINE CHAPTER PURPOSE: General Support | $5,000 |
BRUNSWICK DOWNTOWN ASSOCIATION PURPOSE: General Support | $5,500 |
BATH YMCA PURPOSE: General Support | $5,000 |