Millinocket Regional Hospital
- Assets
- $18.5m
- Revenue
- $32.4m
- Investments
- $130.8k
- Employees
- 272
- Location
- Millinocket, ME
- Founding
- 06/1956
- Data as of
- 06/2022
- EIN
- 01-0223482
Organization Overview
Millinocket Regional Hospital is located in Millinocket, ME. The organization was established in 1956. 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, Millinocket Regional Hospital employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millinocket Regional 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, Millinocket Regional Hospital generated $32.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $31.7m during the year ending 06/2022. While expenses have increased by 1.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CRITICAL ACCESS HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILLINOCKET REGIONAL HOSPITAL (MRH) PROVIDES A BROAD SCOPE OF MEDICAL SERVICES TO RESIDENTS AND GUESTS IN THE KATAHDIN REGION. THESE SERVICES SPAN THE CONTINUUM OF CARE AND INCLUDE INPATIENT, OUTPATIENT, EMERGENCY, AND ANCILLARY SERVICES. INPATIENT CARE AT MRH INCLUDES MEDICAL SURGICAL CARE WITH AVAILABILITY OF SWING BED AND SPECIAL CARE SERVICES.THE WIDE RANGE OF SUPPORT SERVICES AVAILABLE AT MRH FEATURES HIGHLY SKILLED STAFF AND INCLUDES DIAGNOSTIC IMAGING, CARDIOPULMONOLOGY, LABORATORY, REHABILITATION, AND WELLNESS. MRH FEATURES A STRONG, COHESIVE MEDICAL STAFF CONSISTING OF FAMILY PRACTICE, INTERNAL MEDICINE, GENERAL SURGERY, GASTROENTEROLOGY, ORTHOPEDICS, EAR NOSE & THROAT, UROLOGY, PODIATRY, CARDIOLOGY, ONCOLOGY, OPHTHALMOLOGY, PODIATRY, PULMONOLOGY, RADIOLOGY, AND UROLOGY.DURING THIS REPORTING PERIOD, MRH CARED FOR:INPATIENTS - 1,927CLINIC PATIENTS - 15,487EMERGENCY ROOM PATIENTS - 6,007IN ADDITION, MRH PROVIDED:SURGICAL SERVICES - 1,295LABORATORY SERVICES - 94,033RADIOLOGY SERVICES - 11,841THERAPY SERVICES (PHYSICAL, SPEECH, AND OCCUPATIONAL) - 8,240
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jil Beaupain DPM Medical Staff At-Large | Trustee | 40 | $194,900 |
Mellissa Mcavoy Board President, Cfo, COO | OfficerTrustee | 29 | $99,667 |
Kevin Olsen Pa-C Medical Staff President | Trustee | 48 | $217,574 |
Andrea Sewall Anp Trustee | Trustee | 36 | $113,126 |
Herbert Clark Trustee (end 3/2022) | Trustee | 5 | $0 |
Gail Fanjoy Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Core Medical Group Medical Staffing Services | 6/29/22 | $234,945 |
Dahl-chase Diagnostic Services Medical Laboratories | 6/29/22 | $194,919 |
Jil Beaupain Dpm Medical Services | 6/29/22 | $194,900 |
Alliance Healthcare Services Medical Services | 6/29/22 | $185,607 |
Curative Talent Medical Staffing Services | 6/29/22 | $170,290 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,185 |
| Related organizations | $0 |
| Government grants | $1,149,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $176,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,330,628 |
| Total Program Service Revenue | $30,887,881 |
| Investment income | $77,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $144,712 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,440,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $904,503 |
| Compensation of current officers, directors, key employees. | $651,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,926,851 |
| Pension plan accruals and contributions | $246,010 |
| Other employee benefits | $1,716,467 |
| Payroll taxes | $974,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,031 |
| Fees for services: Accounting | $56,295 |
| Fees for services: Lobbying | $2,399 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,856 |
| Fees for services: Other | $5,462,240 |
| Advertising and promotion | $7,626 |
| Office expenses | $1,078,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $644,517 |
| Travel | $29,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,168 |
| Interest | $137,030 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $613,883 |
| Insurance | $411,833 |
| All other expenses | $198,689 |
| Total functional expenses | $31,705,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,161 |
| Savings and temporary cash investments | $6,074,389 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,158,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $742,139 |
| Prepaid expenses and deferred charges | $357,282 |
| Net Land, buildings, and equipment | $5,326,259 |
| Investments—publicly traded securities | $1,690,494 |
| Investments—other securities | $130,798 |
| Investments—program-related | $76,343 |
| Intangible assets | $0 |
| Other assets | $480,000 |
| Total assets | $18,486,700 |
| Accounts payable and accrued expenses | $3,072,483 |
| Grants payable | $0 |
| Deferred revenue | $279,973 |
| Tax-exempt bond liabilities | $143,507 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,311,335 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,544,666 |
| Total liabilities | $9,351,964 |
| Net assets without donor restrictions | $8,886,059 |
| Net assets with donor restrictions | $248,677 |
| 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 | $18,486,700 |