Fairview Hospital Inc
- Assets
- $5.7m
- Revenue
- $429.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Skowhegan, ME
- Founding
- 12/1953
- Data as of
- 06/2021
- EIN
- 01-0222130
Organization Overview
Fairview Hospital Inc is located in Skowhegan, ME. The organization was established in 1953. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairview Hospital Inc 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, Fairview Hospital Inc generated $429.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $114.7k during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAIRVIEW HOSPITAL INC'S SOLE PURPOSE IS TO OPERATE TO SUPPORT AND BENEFIT REDINGTON-FAIRVIEW GENERAL HOSPITAL, A 501(C)(3) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRVIEW HOSPITAL INC.'S SOLE MISSION IS TO SUPPORT AND BENEFIT REDINGTON- FAIRVIEW GENERAL HOSPITAL, A 501(C)(3) ORGANIZATION. ACCORDINGLY, THE CORPORATION DONATED 50,601 TO THE HOSPITAL TO SUPPORT THE HOSPITAL'S CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard D Willet Secretary, N | Officer | 2 | $0 |
Jeffrey Sprague Director | Trustee | 2 | $0 |
Gina Gomez Director | Trustee | 2 | $0 |
Debbie Hight Director | Trustee | 2 | $0 |
Sally Dwyer Director | Trustee | 2 | $0 |
Vicki Alward Director | Trustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $92,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $337,406 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,601 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,588 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $114,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,775 |
| 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 | $5,558,602 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,721,377 |
| 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 | $5,721,377 |
| Total liabilities and net assets/fund balances | $5,721,377 |
Endowment Analysis
| Beg. Balance | $4,551,451 |
| Earnings | $1,284,587 |
| Admin Expense | $64,060 |
| Other Expense | $50,601 |
| Ending Balance | $5,721,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mass General Brigham Incorporated Dover, NH | $7,857,187 | $29,893,981 |
Central Maine Healthcare Corporation Lewiston, ME | $160,072,160 | $47,484,302 |
Medical Care Development Incorporated Hallowell, ME | $13,124,569 | $32,391,306 |
Exeter Health Resources Exeter, NH | $367,054,931 | $15,758,804 |
Capital Region Health Ventures Corporation Concord, NH | $12,519,772 | $11,897,231 |
St Marys Health System Lewiston, ME | $11,831,173 | $3,469,341 |
Valley Regional Healthcare Inc Claremont, NH | $13,445,921 | $2,270,265 |
New Hampshire Health Care Assoc Pembroke, NH | $545,867 | $1,117,026 |
Mass General Brigham Incorporated Dover, NH | $10,164,563 | $752,914 |
Capital Region Health Care Corp Concord, NH | $2,419,820 | $434,909 |
Dartmouth-Hitchcock Medical Center Lebanon, NH | $3,201,700 | $420,697 |
Exeter Health Resources Inc Self-Insurance Trust Exeter, NH | $5,115,421 | $95,469 |