Northern Maine Medical Center
- Assets
- $77.7m
- Revenue
- $71.6m
- Investments
- $90.0k
- Employees
- 659
- 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 09/2022, Northern Maine Medical Center employed 659 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 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $68.6m during the year ending 09/2021. While expenses have increased by 5.7% 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
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 |
|---|---|---|---|
Dr Scott Drummond Radiologist | 50 | $874,569 | |
Dr Erik St Pierre Director/physician | Trustee | 50 | $710,409 |
Dr Michael Sullivan Physician | 50 | $655,154 | |
Dr John Leblanc Orthopedic Surgeon | 50 | $647,265 | |
Dr Shahriar Anoushfar General Surgeon | 50 | $643,302 | |
Dr Mark Overton Psychiatrist | 50 | $590,698 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Sheridan Corporation Building Contractor | 9/29/22 | $2,418,986 |
Thayer Corp Building Contractor | 9/29/22 | $436,722 |
Cerner Corporation Software Services | 9/29/22 | $1,582,402 |
Smrt Inc Architect & Engineering | 9/29/22 | $425,166 |
Abm Mechanical Inc Building Contractor | 9/29/22 | $391,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,579,634 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,855,162 |
| Total Program Service Revenue | $61,744,744 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $862,874 |
| 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 |
| Net Land, buildings, and equipment | $32,446,291 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $77,654,286 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northern Maine Medical Center has recieved totaling $56,450.
| Awarding Organization | Amount |
|---|---|
Society To Improve Diagnosis In Medicine Inc Alpharetta, GA PURPOSE: MEDICAL RESEARCH | $50,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,250 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inland Hospital Waterville, ME | $36,158,496 | $73,359,416 |
Northern Maine Medical Center Fort Kent, ME | $77,654,286 | $71,628,259 |
Concord Hospital - Laconia Concord, NH | $50,420,745 | $53,154,882 |
Acadia Hospital Corp Brewer, ME | $44,827,005 | $62,873,016 |
Mrh Corp Brewer, ME | $37,605,393 | $60,251,570 |
Sebasticook Valley Health Pittsfield, ME | $62,811,701 | $56,748,491 |
Pines Health Services Caribou, ME | $7,660,342 | $25,489,346 |
Penobscot Valley Hospital Lincoln, ME | $10,665,595 | $23,475,356 |
Charles A Dean Memorial Hospital Greenville, ME | $24,475,739 | $25,328,153 |
Northern Light Health Foundation Brewer, ME | $97,816,251 | $36,855,468 |
Acadia Healthcare Inc Brewer, ME | $7,882,970 | $13,906,931 |
Mid Coast Geriatric Services Corp Brunswick, ME | $17,645,698 | $9,510,615 |