Northern Maine Medical Center
- Assets
- $77.7m
- Revenue
- $71.6m
- Investments
- $90.0k
- Employees
- 626
- Location
- Fort Kent, ME
- Founding
- 09/1958
- Data as of
- 09/2021
- EIN
- 01-0234189
Organization Overview
Northern Maine Medical Center is located in Fort Kent, ME. The organization was established in 1958. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Northern Maine Medical Center employed 626 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Maine Medical Center 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 09/2021, Northern Maine Medical Center generated $71.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $68.6m during the year ending 09/2021. While expenses have increased by 4.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACUTE CARE & LONG TERM CARE HOSPITAL AND MENTAL HEALTH SERVICES FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL CARE & ANCILLARY SERVICES, NURSING HOME & SKILLED SERVICES, PHYSICIAN SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Guimond Chair | OfficerTrustee | 1.5 | $0 |
Erin Soucy Vice-Chair | OfficerTrustee | 1.5 | $0 |
Douglas Cyr Director | Trustee | 1.5 | $0 |
Gisele Dionne Director | Trustee | 1.5 | $0 |
John Ezzy Director | Trustee | 1.5 | $0 |
Norman Fournier Director | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Software Services | 9/29/23 | $1,841,201 |
Completerx Ltd Pharmacy Consulting Service | 9/29/23 | $914,042 |
Smrt Inc Architect & Engineering | 9/29/23 | $739,465 |
Medical Solutions Llc Staffing Agency | 9/29/23 | $633,618 |
The Sheridan Corporation Building Contractor | 9/29/23 | $612,713 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,855,162 |
| Investment income | $139,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,099 |
| Net Gain/Loss on Asset Sales | -$173,249 |
| Net Income from Fundraising Events | $18,764 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,628,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,722,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,150,552 |
| Pension plan accruals and contributions | $459,631 |
| Other employee benefits | $3,676,390 |
| Payroll taxes | $2,278,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,304 |
| Fees for services: Accounting | $99,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,753,297 |
| Advertising and promotion | $62,308 |
| Office expenses | $631,506 |
| Information technology | $1,462,956 |
| Royalties | $0 |
| Occupancy | $2,399,130 |
| Travel | $61,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $412,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,932,350 |
| Insurance | $877,991 |
| All other expenses | $0 |
| Total functional expenses | $68,587,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,526 |
| Savings and temporary cash investments | $20,907,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,536,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $182,545 |
| Inventories for sale or use | $1,559,553 |
| Prepaid expenses and deferred charges | $568,891 |
| Investments—publicly traded securities | $744,289 |
| Investments—other securities | $90,024 |
| Investments—program-related | $0 |
| Intangible assets | $5,171,762 |
| Other assets | $7,189,529 |
| Total assets | $77,654,286 |
| Accounts payable and accrued expenses | $8,585,746 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,709,059 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,185,027 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,130,926 |
| Total liabilities | $35,610,758 |
| Net assets without donor restrictions | $41,029,521 |
| Net assets with donor restrictions | $1,014,007 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $42,043,528 |