Sebasticook Valley Health
- Assets
- $62.8m
- Revenue
- $56.7m
- Investments
- $0.0
- Employees
- 389
- Location
- Pittsfield, ME
- Founding
- 06/2005
- Data as of
- 09/2021
- EIN
- 01-0263628
Organization Overview
Sebasticook Valley Health is located in Pittsfield, ME. The organization was established in 2005. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Sebasticook Valley Health employed 389 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sebasticook Valley Health 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, Sebasticook Valley Health generated $56.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $46.7m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEBASTICOOK VALLEY HEALTH D/B/A NORTHERN LIGHT SEBASTICOOK VALLEY HOSPITAL IS A CRITICAL ACCESS HOSPITAL WHOSE MISSION IS TO BE THE REGIONAL LEADER IN MEETING THE HEALTH NEEDS OF OUR COMMUNITIES, PROVIDING QUALITY CARE, ALWAYS TREATING PEOPLE WITH DIGNITY AND RESPECT.
Describe the Organization's Program Activity:
SEBASTICOOK VALLEY HEALTH D/B/A NORTHERN LIGHT SEBASTICOOK VALLEY HOSPITAL (SVH) IS A NONPROFIT HOSPITAL, PROVIDING SERVICE FOR ALL THAT NEEDS CARE, REGARDLESS OF THEIR ABILITY TO PAY. IN THE 2021 FISCAL YEAR, SVH PROVIDED FREE CARE OF $244,971 AND RECORDED $3,069,244 IN BAD DEBTS. OUR HOSPITAL PROVIDES 24-HOURS-A-DAY EMERGENCY SERVICES WITH ANNUAL VISITS OF 9,466. SVH PROVIDES MANY FREE SERVICES AND PROGRAMS THAT ARE DESIGNED TO IMPROVE THE HEALTH AND WELL BEING OF OUR SURROUNDING COMMUNITIES.ADDITIONAL STATISTICS:IP ADMISSIONS OF 982PATIENT DAYS 5,036EMERGENCY ROOM VISITS 9,466SURGICAL CASES 744OUTPATIENT VISITS 78,727
MEDICARE SHORTFALLS (AT COST) 22,730 PERSONS SERVED
CHARITY CARE PROVIDED (AT COST) 919 PERSONS SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lemieux Cardiologist | 40 | $431,914 | |
James Fullwood Physician | 40 | $322,916 | |
Teresa P Vieira Ex-Officio | OfficerTrustee | 25 | $309,028 |
John Cedric Baker Physician | 40 | $284,111 | |
Reynaldo A Arceo Physician | 40 | $237,668 | |
Tracy Bonney-Corson Vp, Nursing & P | Officer | 40 | $214,423 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emergency Physician Associates Inc Purchase Services | 9/29/21 | $1,554,101 |
Three Rivers Orthopaedics Contract Labor | 9/29/21 | $140,325 |
Insight Health Corp Purchase Service | 9/29/21 | $397,980 |
Simplifi Contract Labor | 9/29/21 | $127,298 |
Nurse Anesthesia Of Maine Clinical Services | 9/29/21 | $896,866 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $75,516 |
| Government grants | $235,893 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,574 |
| Noncash contributions included in lines 1a–1f | $13,135 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,983 |
| Total Program Service Revenue | $56,090,371 |
| Investment income | $4,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,735 |
| Net Gain/Loss on Asset Sales | $187,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,748,491 |
| 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. | $1,369,957 |
| Compensation of current officers, directors, key employees. | $574,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,038,678 |
| Pension plan accruals and contributions | $371,126 |
| Other employee benefits | $3,037,221 |
| Payroll taxes | $1,209,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $376 |
| Fees for services: Accounting | $7,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,329,235 |
| Advertising and promotion | $133,625 |
| Office expenses | $1,160,199 |
| Information technology | $1,716,478 |
| Royalties | $0 |
| Occupancy | $1,140,706 |
| Travel | $77,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,186 |
| Interest | $180,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,185,522 |
| Insurance | $1,078,959 |
| All other expenses | $53,115 |
| Total functional expenses | $46,706,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,157,929 |
| Savings and temporary cash investments | $32,308,165 |
| Pledges and grants receivable | $17,728 |
| Accounts receivable, net | $7,156,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,632 |
| Inventories for sale or use | $260,559 |
| Prepaid expenses and deferred charges | $203,795 |
| Net Land, buildings, and equipment | $16,724,923 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $67,741 |
| Other assets | $1,908,340 |
| Total assets | $62,811,701 |
| Accounts payable and accrued expenses | $7,303,768 |
| Grants payable | $0 |
| Deferred revenue | $4,349,217 |
| Tax-exempt bond liabilities | $4,667,061 |
| 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 | $763,207 |
| Total liabilities | $17,083,253 |
| Net assets without donor restrictions | $44,913,691 |
| Net assets with donor restrictions | $814,757 |
| 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 | $62,811,701 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sebasticook Valley Health has recieved totaling $71,074.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $50,050 |
Northern Light Health Foundation Brewer, ME PURPOSE: General Support | $16,024 |
Good Sheperd Food Bank Auburn, ME PURPOSE: food distribution programs | $5,000 |
Endowment Analysis
| Beg. Balance | $114,723 |
| Earnings | $21,209 |
| Other Expense | $474 |
| Ending Balance | $135,458 |
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 |