Central Maine Healthcare Corporation

Organization Overview

Central Maine Healthcare Corporation is located in Lewiston, ME. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Central Maine Healthcare Corporation employed 576 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Maine Healthcare Corporation 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, Central Maine Healthcare Corporation generated $47.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $35.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Central Maine Healthcare Corporation has awarded 16 individual grants totaling $6,228,588. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CENTRAL MAINE HEALTHCARE CORPORATION SUPPORTS ITS AFFILIATED HEALTHCARE INSTITUTIONS IN ORDER FOR THESE ENTITIES TO PROVIDE EXCEPTIONAL HEALTHCARE SERVICES

Describe the Organization's Program Activity:

TO SUPPORT AFFILIATED HEALTHCARE INSTITUTIONS BY PROVIDING MANAGERIAL, ADMINISTRATIVE, AND FUND-RAISING SERVICES IN A CONTINUOUS, ORGANIZED, AND EFFICIENT MANNER.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cerner Corporation
It Support
$6,154,691
Kaufman Hall And Associates In
Consulting Services
$3,694,907
Medmatica Consulting
Collections Services
$810,394
Umr
Benefits Administration
$730,054
Parallon Revenue Cycle Ser
Collections Services
$717,167
View All Vendors

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$1,144,202
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,144,202
Total Program Service Revenue$35,705,118
Investment income $1,145,734
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $46,456
Net Gain/Loss on Asset Sales $9,442,792
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $47,484,302

Grants Awarded

Over the last fiscal year, Central Maine Healthcare Corporation has awarded $16,530 in support to 3 organizations.

Grant RecipientAmount

CENTRAL MAINE MEDICAL CENTER

Org PageRecipient Profile

Lewiston, ME

PURPOSE: RELATED ENTITY SUPPORT

$16,530

MAINE COLLEGE OF HEALTH PROFESSIONS

Org PageRecipient Profile

Lewiston, ME

PURPOSE: RELATED ENTITY SUPPORT

$0

BRIDGTON HOSPITAL

Org PageRecipient Profile

Bridgton, ME

PURPOSE: RELATED ENTITY SUPPORT

$0
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Central Maine Healthcare Corporation has recieved totaling $140,000.

Awarding OrganizationAmount
Davis Family Foundation

Yarmouth, ME

PURPOSE: CMH Cancer Care Center

$100,000
Maine Cancer Foundation

Falmouth, ME

PURPOSE: General operating support.

$40,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$22,433,287
Earnings$2,706,314
Net Contributions$212,705
Other Expense$1,405,668
Ending Balance$23,946,638

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