Bridgton Hospital
- Assets
- $30.7m
- Revenue
- $66.2m
- Investments
- $0.0
- Employees
- 341
- Location
- Bridgton, ME
- Founding
- 02/1950
- Data as of
- 06/2022
- EIN
- 01-0130427
Organization Overview
Bridgton Hospital is located in Bridgton, ME. The organization was established in 1950. 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, Bridgton Hospital employed 341 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgton Hospital 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, Bridgton Hospital generated $66.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $56.5m during the year ending 06/2022. While expenses have increased by 0.6% 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
BRIDGTON HOSPITAL STRIVES TO PROVIDE EXCEPTIONAL HEALTHCARE SERVICES AND DEPENDS ON CAREGIVER EXPERTISE AND THE COMMITMENT AND COMPASSION THEY PROVIDE TO FULFILL ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGTON HOSPITAL IS A CRITICAL ACCESS HOSPITAL SERVING 20 SURROUNDING COMMUNITIES PLUS THE MOUNT WASHINGTON VALLEY COMMUNITIES OF NEW HAMPSHIRE. THE HOSPITAL HAS A MEDICAL/SURGICAL UNIT, CRITICAL CARE UNIT. OUR TWO OPERATING ROOMS HANDLE GENERAL, ORTHOPEDIC, AND AMBULATORY SURGERY. THE HOSPITAL HAS A 24 HOUR EMERGENCY DEPARTMENT AND NUMEROUS PROFESSIONAL SERVICES INCLUDING CT SCANNING, MRI, NUCLEAR MEDICINE SPECT SCANNING, TREADMILL INCLUDING THALLIUM ONCOLOGY CLINIC, INPATIENT AND OUTPATIENT PHYSICAL THERAPY AND MEDICAL SCIENCES LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Connelly Director | Trustee | 3 | $0 |
Austin Albert Vice Chair | OfficerTrustee | 3 | $0 |
Devore Culver Chair Person/ Director | OfficerTrustee | 3 | $0 |
Geoffrey Swift Director | Trustee | 3 | $0 |
Janet Hall Koski Director | Trustee | 3 | $0 |
John Mcanuff Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Medical Staffing | 6/29/22 | $2,971,544 |
Sodexo Inc Support Services | 6/29/22 | $2,456,228 |
Quest Diagnostics Lab Services | 6/29/22 | $1,904,412 |
Maine Imaging Services Llc Medical Staffing | 6/29/22 | $537,807 |
Cps Solutions Llc Medical Staffing | 6/29/22 | $540,606 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,463,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,406 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,496,172 |
| Total Program Service Revenue | $63,547,365 |
| Investment income | $195,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,394 |
| Net Gain/Loss on Asset Sales | -$114,900 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,157,717 |
| 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 | $19,190,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,622,237 |
| Payroll taxes | $1,053,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $836 |
| Office expenses | $1,350,314 |
| Information technology | $115,460 |
| Royalties | $0 |
| Occupancy | $1,086,491 |
| Travel | $75 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,375 |
| Interest | $185,215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,877,482 |
| Insurance | $1,551,271 |
| All other expenses | $932 |
| Total functional expenses | $56,464,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,956 |
| Savings and temporary cash investments | $1,354,945 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,540,085 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $634,328 |
| Prepaid expenses and deferred charges | $130,227 |
| Net Land, buildings, and equipment | $11,099,569 |
| Investments—publicly traded securities | $8,873,901 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $43,987 |
| Other assets | $2,044,126 |
| Total assets | $30,748,124 |
| Accounts payable and accrued expenses | $7,259,208 |
| Grants payable | $0 |
| Deferred revenue | $263,376 |
| Tax-exempt bond liabilities | $5,347,287 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | -$340,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,662,097 |
| Total liabilities | $15,191,968 |
| Net assets without donor restrictions | $12,403,543 |
| Net assets with donor restrictions | $3,152,613 |
| 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 | $30,748,124 |