Bridgton Hospital
- Assets
- $42.3m
- Revenue
- $55.2m
- Investments
- $0.0
- Employees
- 414
- Location
- Bridgton, ME
- Founding
- 02/1950
- Data as of
- 06/2021
- 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 06/2021, Bridgton Hospital employed 414 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 06/2021, Bridgton Hospital generated $55.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $48.4m during the year ending 06/2021. 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
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, AND OBSTETRICAL UNIT WITH TWO BIRTHING SUITS. 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 |
|---|---|---|---|
Joseph Bell Physician | 55 | $370,346 | |
Lisa Bolinger Physician | 55 | $258,512 | |
Bernard Perlman Physician | 55 | $254,767 | |
Alan Langburd Physician | 55 | $254,154 | |
Katrina Sink Physician | 55 | $237,882 | |
Jeff Brickman President/director | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quest Diagnostics Lab Services | 6/29/21 | $1,715,695 |
Comprehensive Pharmacy Medical Staffing | 6/29/21 | $636,021 |
Weatherby Locums Inc Medical Staffing | 6/29/21 | $620,742 |
Sodexo Inc Support Services | 6/29/21 | $1,616,370 |
Maine Imaging Services Llc Medical Services | 6/29/21 | $515,328 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $876,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $890,887 |
| Total Program Service Revenue | $52,584,956 |
| Investment income | $176,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,800 |
| Net Gain/Loss on Asset Sales | $1,502,363 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,206,126 |
| 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 | $18,900,512 |
| Pension plan accruals and contributions | $1,826,959 |
| Other employee benefits | $0 |
| Payroll taxes | $1,095,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,278 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,509,601 |
| Advertising and promotion | $1,040 |
| Office expenses | $668,861 |
| Information technology | $780,446 |
| Royalties | $0 |
| Occupancy | $825,331 |
| Travel | $1,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,609 |
| Interest | $194,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,189,169 |
| Insurance | $235,272 |
| All other expenses | $41 |
| Total functional expenses | $48,446,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,390,051 |
| Savings and temporary cash investments | $2,061,778 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,879,540 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $630,954 |
| Prepaid expenses and deferred charges | $207,342 |
| Net Land, buildings, and equipment | $12,584,978 |
| Investments—publicly traded securities | $12,551,026 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $64,985 |
| Other assets | $1,945,209 |
| Total assets | $42,315,863 |
| Accounts payable and accrued expenses | $3,136,917 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,454,756 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,394,686 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,812,764 |
| Total liabilities | $18,799,123 |
| Net assets without donor restrictions | $20,418,808 |
| Net assets with donor restrictions | $3,097,932 |
| 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 | $42,315,863 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridgton Hospital has recieved totaling $21,131.
| Awarding Organization | Amount |
|---|---|
E Jane Sylvester Tr Article V Portland, ME PURPOSE: FINANCIAL SUPPORT | $21,131 |
Endowment Analysis
| Beg. Balance | $3,273,300 |
| Earnings | $521,949 |
| Net Contributions | $11,634 |
| Other Expense | $708,951 |
| Ending Balance | $3,097,932 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Littleton Hospital Association Littleton, NH | $118,195,564 | $100,362,959 |
Monadnock Community Hospital Peterborough, NH | $175,868,092 | $101,127,836 |
Maine Coast Regional Health Facilities Ellsworth, ME | $64,403,049 | $81,449,460 |
Memorial Hospital North Conway, NH | $121,250,571 | $92,264,207 |
Huggins Hospital Wolfeboro, NH | $178,261,759 | $92,166,408 |
Mount Desert Island Hospital Bar Harbor, ME | $84,300,625 | $94,579,483 |
Alice Peck Day Memorial Hospital Lebanon, NH | $121,000,117 | $84,355,521 |
Speare Memorial Hospital Plymouth, NH | $103,298,307 | $78,325,414 |
Androscoggin Valley Hospital Inc Berlin, NH | $96,834,885 | $76,927,619 |
The New London Hospital Association Inc New London, NH | $104,740,465 | $65,376,393 |
Weeks Medical Center Lancaster, NH | $93,203,469 | $69,251,055 |
Mid Coast Hospital Brunswick, ME | $0 | $59,625,535 |