Martins Point Health Care Inc
- Assets
- $369.2m
- Revenue
- $472.4m
- Investments
- $92.6m
- Employees
- 1,077
- Location
- Portland, ME
- Founding
- 07/1982
- Data as of
- 12/2019
- EIN
- 01-0353275
Martins Point Health Care Inc Overview
Martins Point Health Care Inc is located in Portland, ME. The organization was established in 1982. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2019, Martins Point Health Care Inc employed 1,077 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Martins Point Health Care Inc generated $472.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $447.4m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Martins Point Health Care Inc has awarded 47 individual grants totaling $783,276. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR A DESCRIPTION OF THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HEALTH PLAN SERVICES - PLEASE SEE NOT-FOR-PROFIT NARRATIVE STATEMENT FOR MARTIN'S POINT ON SCHEDULE O.
DELIVERY OF MEDICAL CARE - PLEASE SEE NOT-FOR-PROFIT NARRATIVE STATEMENT FOR MARTIN'S POINT ON SCHEDULE O.
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Martins Point Health Care Inc Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David H Howes MD Chief Executive Officer | OfficerTrustee | 20 | $905,565 |
Sandra L Monfiletto Coo, Delivery Systems | 40 | $502,809 | |
Jeffrey Brown Cio, Interim CFO | Officer | 20 | $491,127 |
Jonathan Easton Harvey MD Chief Medical Officer | 40 | $473,314 | |
Teresa A Nizza Chief Human Resources Officer | 20 | $431,170 | |
Patrick Connolly MD Physician | 40 | $420,125 |
Martins Point Health Care Inc Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eastern Maine Medical Center Medical Services | 12/30/19 | $9,880,047 |
Maine Medical Center Medical Services | 12/30/19 | $23,569,690 |
Mary Hitchcock Memorial Hospital Medical Services | 12/30/19 | $7,928,121 |
Hca Health Services Of Nh Inc Medical Services | 12/30/19 | $6,861,359 |
Mid Coast Hospital Medical Services | 12/30/19 | $6,670,341 |
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 | $450,376,920 |
| Investment income | $6,390,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,235 |
| Net Gain/Loss on Asset Sales | $15,477,085 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,354,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $199,560 |
| 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. | $1,955,933 |
| Compensation of current officers, directors, key employees. | $198,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,639,923 |
| Pension plan accruals and contributions | $3,955,311 |
| Other employee benefits | $11,324,300 |
| Payroll taxes | $4,663,612 |
| Fees for services: Management | $6,571,874 |
| Fees for services: Legal | $1,664,548 |
| Fees for services: Accounting | $166,527 |
| Fees for services: Lobbying | $313,187 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $667,604 |
| Fees for services: Other | $3,588,617 |
| Advertising and promotion | $1,313,883 |
| Office expenses | $4,122,481 |
| Information technology | $6,696,104 |
| Royalties | $0 |
| Occupancy | $5,498,071 |
| Travel | $290,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,358,619 |
| Interest | $152,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,480,243 |
| Insurance | $785,410 |
| All other expenses | $0 |
| Total functional expenses | $447,370,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,818 |
| Savings and temporary cash investments | $37,160,928 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,751,383 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,192,353 |
| Prepaid expenses and deferred charges | $5,483,958 |
| Net Land, buildings, and equipment | $53,401,065 |
| Investments—publicly traded securities | $162,163,804 |
| Investments—other securities | $92,647,411 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,434,718 |
| Total assets | $369,243,438 |
| Accounts payable and accrued expenses | $62,796,957 |
| Grants payable | $0 |
| Deferred revenue | $537,461 |
| Tax-exempt bond liabilities | $4,986,475 |
| 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 | $68,320,893 |
| Net assets without donor restrictions | $300,922,545 |
| 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 | $369,243,438 |
Martins Point Health Care Inc Grants Awarded
Over the last fiscal year, Martins Point Health Care Inc has awarded $132,450 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
South Portland, ME PURPOSE: General support | $25,000 |
Scarborough, ME PURPOSE: Meals on Wheels program | $25,000 |
Portland, ME PURPOSE: General support | $24,837 |
Augusta, ME PURPOSE: General support | $18,496 |
Alexandria, VA PURPOSE: General support for Community Health Charities, Maine chapter | $13,117 |
Portland, ME PURPOSE: General support | $6,000 |
Martins Point Health Care Inc Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dartmouth-Hitchcock Clinic Lebanon, NH | $252,063,565 | $498,733,718 |
Martins Point Health Care Inc Portland, ME | $369,243,438 | $472,354,835 |
Penobscot Community Health Center Bangor, ME | $38,016,277 | $84,261,528 |
Amoskeag Health Manchester, NH | $10,849,640 | $20,080,252 |
Greater Seacoast Community Health Somersworth, NH | $15,722,262 | $19,874,176 |
Katahdin Valley Health Center Patten, ME | $31,606,827 | $24,390,887 |
Lamprey Health Care Inc Newmarket, NH | $13,511,466 | $18,419,645 |
Community Clinical Services Inc Lewiston, ME | $9,304,348 | $14,641,172 |
Ammonoosuc Community Health Services Inc Littleton, NH | $9,909,677 | $11,581,740 |
Health Access Network Inc Lincoln, ME | $8,007,460 | $10,479,855 |
St Joseph Ambulatory Care Inc Bangor, ME | $1,539,807 | $5,069,055 |
Eastport Health Care Inc Eastport, ME | $3,354,845 | $4,950,809 |
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