Martins Point Health Care Inc
- Assets
- $473.3m
- Revenue
- $472.1m
- Investments
- $86.3m
- Employees
- 1,018
- Location
- Portland, ME
- Founding
- 07/1982
- Data as of
- 12/2020
- EIN
- 01-0353275
Organization Overview
Martins Point Health Care Inc is located in Portland, ME. The organization was established in 1982. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Martins Point Health Care Inc employed 1,018 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martins Point Health Care Inc 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 12/2020, Martins Point Health Care Inc generated $472.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $432.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Martins Point Health Care Inc has awarded 93 individual grants totaling $1,381,116. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER THE CARE EVERY PERSON DESERVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HEALTH PLAN SERVICES - PLEASE SEE NOT-FOR-PROFIT NARRATIVE STATEMENT FOR MARTIN'S POINT ON SCHEDULE O.
DELIVERY OF MEDICAL CARE - PLEASE SEE NOT-FOR-PROFIT NARRATIVE STATEMENT FOR MARTIN'S POINT ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David H Howes MD President & CEO | OfficerTrustee | 20 | $937,418 |
Daniel Mccormack Coo, Delivery Systems | 40 | $545,608 | |
Jonathan Easton Harvey MD Chief Medical Officer | 40 | $483,474 | |
Tersa Nizza Chief Human Resources Officer | 20 | $433,217 | |
Sarah Freedman VP Clinical Integration | 40 | $397,232 | |
Patrick Connelly MD Physician Of Family Medicine | 40 | $376,558 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maine Medical Center Medical Services | 12/30/21 | $28,263,017 |
Eastern Maine Medical Center Medical Services | 12/30/21 | $11,273,012 |
Wentworth Douglass Hospital Medical Services | 12/30/21 | $5,760,534 |
Mary Hitchcock Memorial Hospital Medical Services | 12/30/21 | $7,984,613 |
Hca Health Services Of Nh Inc Medical Services | 12/30/21 | $5,447,251 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $465,863,370 |
| Investment income | $3,573,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $123,871 |
| Net Gain/Loss on Asset Sales | $2,558,938 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,119,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $373,190 |
| 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. | $1,981,895 |
| Compensation of current officers, directors, key employees. | $346,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,289,552 |
| Pension plan accruals and contributions | $4,531,513 |
| Other employee benefits | $9,116,132 |
| Payroll taxes | $4,817,547 |
| Fees for services: Management | $5,492,364 |
| Fees for services: Legal | $2,220,431 |
| Fees for services: Accounting | $161,585 |
| Fees for services: Lobbying | $283,544 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $498,465 |
| Fees for services: Other | $5,186,944 |
| Advertising and promotion | $1,370,780 |
| Office expenses | $5,187,195 |
| Information technology | $6,732,075 |
| Royalties | $0 |
| Occupancy | $5,736,314 |
| Travel | $121,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,578,496 |
| Interest | $559,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,900,036 |
| Insurance | $861,007 |
| All other expenses | $0 |
| Total functional expenses | $432,011,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,861 |
| Savings and temporary cash investments | $107,832,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,343,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,317,283 |
| Prepaid expenses and deferred charges | $5,344,008 |
| Net Land, buildings, and equipment | $59,665,768 |
| Investments—publicly traded securities | $190,515,593 |
| Investments—other securities | $86,326,334 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,991,807 |
| Total assets | $473,344,664 |
| Accounts payable and accrued expenses | $78,853,105 |
| Grants payable | $0 |
| Deferred revenue | $745,892 |
| Tax-exempt bond liabilities | $29,734,634 |
| 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 | $0 |
| Total liabilities | $109,333,631 |
| Net assets without donor restrictions | $364,011,033 |
| Net assets with donor restrictions | $0 |
| 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 | $473,344,664 |
Grants Awarded
Over the last fiscal year, Martins Point Health Care Inc has awarded $224,650 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, ME PURPOSE: General support | $30,000 |
Portland, ME PURPOSE: General support | $30,000 |
Portland, ME PURPOSE: General support | $24,430 |
Portland, ME PURPOSE: Annual dues and membership; contributions to community events and municipal development | $24,000 |
Portland, ME PURPOSE: General support | $22,677 |
Bath, ME PURPOSE: General support | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dartmouth-Hitchcock Clinic Lebanon, NH | $252,063,565 | $498,733,718 |
Martins Point Health Care Inc Portland, ME | $473,344,664 | $472,119,641 |
Penobscot Community Health Center Bangor, ME | $45,779,273 | $89,145,300 |
Greater Seacoast Community Health Somersworth, NH | $22,270,330 | $25,228,207 |
Katahdin Valley Health Center Patten, ME | $35,547,578 | $25,947,619 |
Amoskeag Health Manchester, NH | $11,871,670 | $23,787,974 |
Lamprey Health Care Inc Newmarket, NH | $14,822,955 | $20,633,435 |
Community Clinical Services Inc Lewiston, ME | $2,925,013 | $15,302,823 |
Health Access Network Inc Lincoln, ME | $10,260,274 | $12,286,946 |
Ammonoosuc Community Health Services Inc Littleton, NH | $10,056,023 | $12,363,788 |
Ascentria Care Alliance Inc Concord, NH | $6,219,990 | $6,553,676 |
Eastport Health Care Inc Eastport, ME | $3,870,928 | $6,590,020 |