Mainegeneral Health
- Assets
- $49.3m
- Revenue
- $13.7m
- Investments
- $742.8k
- Employees
- 5,520
- Location
- Augusta, ME
- Founding
- 08/2006
- Data as of
- 06/2022
- EIN
- 04-3369649
Organization Overview
Mainegeneral Health is located in Augusta, ME. The organization was established in 2006. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Mainegeneral Health employed 5,520 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Mainegeneral 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 06/2022, Mainegeneral Health generated $13.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $12.8m during the year ending 06/2022. While expenses have increased by 1.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE, EVERY DAY, THE HEALTH OF OUR PATIENTS, OUR FAMILIES AND OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINEGENERAL HEALTH PROVIDES ADMINISTRATIVE SERVICES FOR TAX-EXEMPT SUBSIDIARIES AND DEVELOPS AND IMPLEMENTS OVERALL GOALS AND STRATEGIES FOR THE SYSTEM-WIDE DELIVERY OF NECESSARY HEALTH CARE SERVICES IN AN EFFICIENT AND COORDINATED MANNER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Hays President & CEO | OfficerTrustee | 50 | $929,551 |
Ian Reight MD Director | Trustee | 1 | $0 |
Terry Brann Treasurer & Chief Financial Officer | Officer | 50 | $414,235 |
Amy Rico MD Director | Trustee | 1 | $0 |
Alex Sydnor Chief Transformation Officer | 50 | $316,723 | |
Marci Alexander General Counsel | 50 | $293,113 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mainehealth Healthcare Services | 6/29/22 | $501,588 |
Baker Newman Noyes Llc Audit Services | 6/29/22 | $126,232 |
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 | $106,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,736 |
| Total Program Service Revenue | $12,988,057 |
| Investment income | $232,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $392,887 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,719,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,376 |
| Grants and other assistance to domestic individuals. | $32,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,414,890 |
| Compensation of current officers, directors, key employees. | $1,414,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,235,661 |
| Pension plan accruals and contributions | $48,410 |
| Other employee benefits | $1,034,999 |
| Payroll taxes | $562,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,197 |
| Fees for services: Accounting | $98,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,825 |
| Fees for services: Other | $345,813 |
| Advertising and promotion | $190,838 |
| Office expenses | $153,668 |
| Information technology | $35,568 |
| Royalties | $0 |
| Occupancy | $322,772 |
| Travel | $19,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,996 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,989 |
| All other expenses | $154,508 |
| Total functional expenses | $12,845,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,319,865 |
| Savings and temporary cash investments | $106,463 |
| Pledges and grants receivable | $56,515 |
| Accounts receivable, net | $35,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,361,039 |
| Net Land, buildings, and equipment | $34,747 |
| Investments—publicly traded securities | $21,224,866 |
| Investments—other securities | $742,770 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,423,522 |
| Total assets | $49,305,333 |
| Accounts payable and accrued expenses | $19,575,998 |
| 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 | $21,692,955 |
| Total liabilities | $41,268,953 |
| Net assets without donor restrictions | $7,023,408 |
| Net assets with donor restrictions | $1,012,972 |
| 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 | $49,305,333 |