Eastern Maine Healthcare Systems
- Assets
- $62.8m
- Revenue
- $56.7m
- Investments
- $0.0
- Employees
- 423
- Location
- Pittsfield, ME
- Founding
- 06/2005
- Data as of
- 09/2021
- EIN
- 01-0263628
Organization Overview
Eastern Maine Healthcare Systems is located in Pittsfield, ME. The organization was established in 2005. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Eastern Maine Healthcare Systems employed 423 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Eastern Maine Healthcare Systems 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 09/2021, Eastern Maine Healthcare Systems generated $56.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $46.7m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. 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
SEBASTICOOK VALLEY HEALTH D/B/A NORTHERN LIGHT SEBASTICOOK VALLEY HOSPITAL IS A CRITICAL ACCESS HOSPITAL WHOSE MISSION IS TO BE THE REGIONAL LEADER IN MEETING THE HEALTH NEEDS OF OUR COMMUNITIES, PROVIDING QUALITY CARE, ALWAYS TREATING PEOPLE WITH DIGNITY AND RESPECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEBASTICOOK VALLEY HEALTH D/B/A NORTHERN LIGHT SEBASTICOOK VALLEY HOSPITAL (SVH) IS A NONPROFIT HOSPITAL, PROVIDING SERVICE FOR ALL THAT NEEDS CARE, REGARDLESS OF THEIR ABILITY TO PAY. IN THE 2023 FISCAL YEAR, SVH PROVIDED FREE CARE OF $193,134 AND RECORDED $3,055,291 IN BAD DEBTS. OUR HOSPITAL PROVIDES 24-HOURS-A-DAY EMERGENCY SERVICES WITH ANNUAL VISITS OF 11,028. SVH PROVIDES MANY FREE SERVICES AND PROGRAMS THAT ARE DESIGNED TO IMPROVE THE HEALTH AND WELL BEING OF OUR SURROUNDING COMMUNITIES.ADDITIONAL STATISTICS:IP ADMISSIONS OF 864PATIENT DAYS 4,527EMERGENCY ROOM VISITS 11,028SURGICAL CASES 927OUTPATIENT VISITS 125,436
MEDICARE SHORTFALLS (AT COST) 14,456 PERSONS SERVED
CHARITY CARE PROVIDED (AT COST) 184 PERSONS SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Dentry Nlh Presidentceo Trustee | Trustee | 0.5 | $0 |
Anthony Filer Treasurer | Officer | 0.5 | $0 |
Paul Bolin SVP & Cpo | Officer | 0.5 | $0 |
Jeffrey Jett Physician | 40 | $560,261 | |
George Eaton ESQ Secretary | Officer | 0.5 | $0 |
Glenn Martin Former Svp-Chief Legal Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emergency Physician Associates Contract Labor | 9/29/23 | $1,717,666 |
Nurse Anesthesia Of Me Clinical Services | 9/29/23 | $1,077,860 |
Avant Healthcare Professionals Contract Labor | 9/29/23 | $260,866 |
Insight Health Corp Clinical Services | 9/29/23 | $450,630 |
Simplifi Contract Labor | 9/29/23 | $2,705,828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,983 |
| Investment income | $4,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,735 |
| Net Gain/Loss on Asset Sales | $187,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,748,491 |
| Statement of Expenses | |
|---|---|
| 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. | $1,369,957 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,038,678 |
| Pension plan accruals and contributions | $371,126 |
| Other employee benefits | $3,037,221 |
| Payroll taxes | $1,209,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $376 |
| Fees for services: Accounting | $7,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,329,235 |
| Advertising and promotion | $133,625 |
| Office expenses | $1,160,199 |
| Information technology | $1,716,478 |
| Royalties | $0 |
| Occupancy | $1,140,706 |
| Travel | $77,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,186 |
| Interest | $180,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,185,522 |
| Insurance | $1,078,959 |
| All other expenses | $0 |
| Total functional expenses | $46,706,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,157,929 |
| Savings and temporary cash investments | $32,308,165 |
| Pledges and grants receivable | $17,728 |
| Accounts receivable, net | $7,156,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,632 |
| Inventories for sale or use | $260,559 |
| Prepaid expenses and deferred charges | $203,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $67,741 |
| Other assets | $1,908,340 |
| Total assets | $62,811,701 |
| Accounts payable and accrued expenses | $7,303,768 |
| Grants payable | $0 |
| Deferred revenue | $4,349,217 |
| Tax-exempt bond liabilities | $4,667,061 |
| 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 | $763,207 |
| Total liabilities | $17,083,253 |
| Net assets without donor restrictions | $44,913,691 |
| Net assets with donor restrictions | $814,757 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $45,728,448 |