Mid Coast Geriatric Services Corp
- Assets
- $17.6m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 242
- Location
- Brunswick, ME
- Founding
- 07/1996
- Data as of
- 09/2021
- EIN
- 01-0496221
Organization Overview
Mid Coast Geriatric Services Corp is located in Brunswick, ME. The organization was established in 1996. 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, Mid Coast Geriatric Services Corp employed 242 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid Coast Geriatric Services Corp 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, Mid Coast Geriatric Services Corp generated $9.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $10.8m during the year ending 09/2021. 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
OUR MISSION IS TO PROVIDE SUPPORTIVE AND REHABILITATIVE HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUUM OF SERVICES TO PROMOTE INDEPENDENCE, HEALTH, AND WELLNESS TOSENIOR CITIZENS OF THE MID COAST REGION IN MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Watson Ms Slp Mlnh Administrator | 41.5 | $128,273 | |
Lenora Burke Vice Chairperson | OfficerTrustee | 0.3 | $0 |
Lois N Skillings President/ceo | OfficerTrustee | 5.5 | $0 |
Glenn L Hutchinson Vice Chairperson | OfficerTrustee | 0.3 | $0 |
Matthew Orlando Treasurer | OfficerTrustee | 0.3 | $0 |
Ranjiv Advani MD Medical Staff President | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corr Health Services Llc Medical Staffing Services | 9/29/20 | $296,348 |
Langford & Low Inc Construction Services | 9/29/20 | $1,788,391 |
Corr Health Services Llc Medical Staffing Services | 9/29/20 | $296,348 |
Langford & Low Inc Construction Services | 9/29/20 | $1,788,391 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $198,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,086 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,310 |
| Total Program Service Revenue | $9,181,638 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,667 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,510,615 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,464,883 |
| Pension plan accruals and contributions | $89,963 |
| Other employee benefits | $935,755 |
| Payroll taxes | $391,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,138 |
| Fees for services: Accounting | $24,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $994,870 |
| Advertising and promotion | $33,934 |
| Office expenses | $444,698 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $313,347 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $225,924 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $778,376 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,818,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,015,022 |
| Savings and temporary cash investments | $1,720,871 |
| Pledges and grants receivable | $280,385 |
| Accounts receivable, net | $918,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,160 |
| Prepaid expenses and deferred charges | $135,985 |
| Net Land, buildings, and equipment | $10,230,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,285,814 |
| Total assets | $17,645,698 |
| Accounts payable and accrued expenses | $1,116,938 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $10,566,987 |
| Total liabilities | $11,683,925 |
| Net assets without donor restrictions | $3,918,299 |
| Net assets with donor restrictions | $2,043,474 |
| 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 | $17,645,698 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid Coast Geriatric Services Corp has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Hospitals | $10,000 |
Endowment Analysis
| Beg. Balance | $1,975,651 |
| Earnings | $172 |
| Net Contributions | $69,086 |
| Other Expense | $1,435 |
| Ending Balance | $2,043,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Lakewood Waterville, ME | $8,416,936 | $9,675,416 |
Northern Maine General Eagle Lake, ME | $10,507,292 | $9,847,119 |
Concord Hospital- Franklin Concord, NH | $4,560,201 | $12,542,316 |
Northern Light Medical Transport Brewer, ME | $2,616,379 | $8,108,484 |
Regional Medical Center At Lubec Me Inc Lubec, ME | $4,862,490 | $7,029,152 |