St Joseph Hospital
- Assets
- $73.1m
- Revenue
- $183.0m
- Investments
- $13.7m
- Employees
- 1,376
- Location
- Bangor, ME
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 01-0212435
Organization Overview
St Joseph Hospital is located in Bangor, ME. The organization was established in 1946. 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 12/2021, St Joseph Hospital employed 1,376 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Joseph 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 12/2021, St Joseph Hospital generated $183.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $181.3m during the year ending 12/2021. While expenses have increased by 4.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY HOSPITAL COMMITTED TO WELLNESS PROMOTION, HOLISTIC HEALING AND HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. JOSEPH HOSPITAL PROVIDES QUALITY MEDICAL HEALTHCARE FOR ALL PEOPLE THROUGH DIRECT PATIENT CARE AT VARIOUS HOSPITAL AND CLINICAL LOCATIONS. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF THE HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES AND FURTHER THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTHCARE SERVICES AND HEALTHCARE EDUCATION. ST. JOSEPH HOSPITAL PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST. RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICES ARE PROVIDED TO BOTH MEDICARE AND MEDICAID PATIENTS. (CONTINUED ON SCHEDULE O)CHARITY CARE IS ALSO PROVIDED THROUGH MANY REDUCED PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED UPON ACTIVITIES AND SERVICES WHICH ST. JOSEPH HOSPITAL BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED. FOR MORE INFORMATION REGARDING THE SERVICES AND PROGRAMS PROVIDED AT ST. JOSEPH HOSPITAL AND HOSPITAL'S COMMITMENT TO SERVE ALL MEMBERS OF THE COMMUNITY PLEASE VISIT OUR WEBSITE AT WWW.STJOESHEALING.ORG OR CONTACT THE PUBLIC AFFAIRS OFFICE AT (207) 907-1720.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ganesha Santhyadka MD Trustee | Trustee | 40.1 | $737,772 |
Joseph Gallagher MD Physician | 40 | $688,319 | |
Michael Sighonolfi MD Physician | 40 | $639,495 | |
Michael Starks MD Physician | 40 | $588,531 | |
John Vanadia MD Physician | 40 | $556,654 | |
James Jean Jacques MD Physician | 40 | $539,527 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Covenant Health Inc Management Services | 12/30/21 | $24,562,308 |
Medefis Inc Healthcare Management Services | 12/30/21 | $6,481,812 |
Sound Physicians Of Maine Inc Physician Services | 12/30/21 | $2,949,079 |
Dp Porter Contractors Inc General Contractor | 12/30/21 | $2,515,327 |
Dragonfly Therapy Psychologist Services | 12/30/21 | $970,784 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,522,402 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,330 |
| Noncash contributions included in lines 1a–1f | $22,243 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,570,732 |
| Total Program Service Revenue | $174,806,283 |
| Investment income | $560,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,347,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,023,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,178 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,539,018 |
| Compensation of current officers, directors, key employees. | $296,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,663,835 |
| Pension plan accruals and contributions | $1,060,124 |
| Other employee benefits | $8,328,759 |
| Payroll taxes | $4,534,461 |
| Fees for services: Management | $24,562,308 |
| Fees for services: Legal | $117,997 |
| Fees for services: Accounting | $135,505 |
| Fees for services: Lobbying | $12,283 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,027 |
| Fees for services: Other | $21,452,598 |
| Advertising and promotion | $509,592 |
| Office expenses | $3,420,811 |
| Information technology | $481,139 |
| Royalties | $0 |
| Occupancy | $2,981,601 |
| Travel | $100,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230,665 |
| Interest | $600,707 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,159,958 |
| Insurance | $2,420,985 |
| All other expenses | $205,304 |
| Total functional expenses | $181,313,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,828,748 |
| Savings and temporary cash investments | $60,141 |
| Pledges and grants receivable | $744,541 |
| Accounts receivable, net | $16,369,838 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,120,359 |
| Prepaid expenses and deferred charges | $299,439 |
| Net Land, buildings, and equipment | $29,349,227 |
| Investments—publicly traded securities | $2,992,913 |
| Investments—other securities | $13,740,554 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,547,147 |
| Total assets | $73,052,907 |
| Accounts payable and accrued expenses | $12,844,480 |
| Grants payable | $0 |
| Deferred revenue | $10,832,551 |
| 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 | $14,445,974 |
| Total liabilities | $38,123,005 |
| Net assets without donor restrictions | $31,789,391 |
| Net assets with donor restrictions | $3,140,511 |
| 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 | $73,052,907 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Joseph Hospital has recieved totaling $100,700.
| Awarding Organization | Amount |
|---|---|
Davis Family Foundation Yarmouth, ME PURPOSE: Pinpoint | $53,710 |
Maine Cancer Foundation Falmouth, ME PURPOSE: Community Care Partnership of Maine - lung cancer prevention and screening. | $39,946 |
E Jane Sylvester Tr Article V Portland, ME PURPOSE: FINANCIAL SUPPORT | $7,044 |
Endowment Analysis
| Beg. Balance | $2,776,908 |
| Earnings | $371,393 |
| Admin Expense | $35,116 |
| Net Contributions | $26,787 |
| Other Expense | $117,673 |
| Ending Balance | $3,022,299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concord Hospital Inc Concord, NH | $790,822,441 | $622,809,517 |
Elliot Hospital Of The City Of Manchester Manchester, NH | $676,110,969 | $594,778,887 |
Catholic Medical Center Manchester, NH | $518,751,919 | $548,724,237 |
Central Maine Medical Center Lewiston, ME | $261,602,490 | $415,757,957 |
Exeter Hospital Inc Exeter, NH | $369,586,384 | $318,717,288 |
Southern New Hampshire Medical Center Nashua, NH | $437,025,715 | $313,798,950 |
St Marys Regional Medical Center Lewiston, ME | $137,492,595 | $248,635,435 |
St Joseph Hospital Of Nashua Nh Nashua, NH | $290,885,778 | $272,191,009 |
Mercy Hospital Portland, ME | $246,085,431 | $253,284,486 |
Cheshire Medical Center Keene, NH | $168,346,405 | $247,398,804 |
York Hospital York, ME | $137,570,951 | $221,452,190 |
St Joseph Hospital Bangor, ME | $73,052,907 | $183,023,757 |