Martins Point Health Care Inc
- Assets
- $496.5m
- Revenue
- $545.6m
- Investments
- $140.3m
- Employees
- 1,235
- Location
- Portland, ME
- Founding
- 07/1982
- Data as of
- 12/2023
- 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 12/2023, Martins Point Health Care Inc employed 1,235 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 12/2023, Martins Point Health Care Inc generated $545.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $518.3m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 8 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.
Since 2014, Martins Point Health Care Inc has awarded 143 individual grants totaling $2,082,677. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER THE CARE EVERY PERSON DESERVES.
Describe the Organization's Program Activity:
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.
MANAGEMENT OF MARTIN'S POINT GENERATIONS ADVANTAGE, A RELATED ORGANIZATION THAT IS A MEDICARE ADVANTAGE HMO WITH PPO AND POS OPTIONS, WHICH ASSISTS IN THE PROVISION AND PROCESSING OF MEDICAL SERVICES TO MARTIN'S POINT HEALTH CARE PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Decastro Board Member | Trustee | 1 | $30,000 |
Ronald F Dixon MD Board Member (end Sept 2023) | Trustee | 1 | $24,313 |
John Fitzsimmons Board Member | Trustee | 1 | $30,000 |
George J Isham MD Ms Board Member | Trustee | 1 | $40,000 |
Cathleen Morrow MD Board Member | Trustee | 1 | $31,438 |
Barbara E Trethaway JD Board Member | Trustee | 1 | $41,907 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mainehealth Medical Services | 12/30/23 | $30,256,977 |
Northern Lighteastern Maine Medical Cen Medical Services | 12/30/23 | $10,700,839 |
Mary Hitchcock Memorial Hospital Medical Services | 12/30/23 | $8,212,150 |
Roswell Park Cancer Institute Corporatio Medical Services | 12/30/23 | $6,119,071 |
Wentworth Douglass Hospital Medical Services | 12/30/23 | $6,006,747 |
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 | $534,015,715 |
| Investment income | $6,833,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $234,771 |
| Net Gain/Loss on Asset Sales | $4,508,509 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $545,592,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $475,685 |
| Grants and other assistance to domestic individuals. | $48,675 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,191,995 |
| Compensation of current officers, directors, key employees. | $420,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,949,536 |
| Pension plan accruals and contributions | $4,480,973 |
| Other employee benefits | $13,896,206 |
| Payroll taxes | $6,082,889 |
| Fees for services: Management | $4,169,751 |
| Fees for services: Legal | $1,118,599 |
| Fees for services: Accounting | $201,450 |
| Fees for services: Lobbying | $289,245 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $769,013 |
| Fees for services: Other | $8,802,277 |
| Advertising and promotion | $1,610,767 |
| Office expenses | $5,648,933 |
| Information technology | $11,497,793 |
| Royalties | $0 |
| Occupancy | $5,878,742 |
| Travel | $227,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,863,600 |
| Interest | $935,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,550,930 |
| Insurance | $1,527,619 |
| All other expenses | $0 |
| Total functional expenses | $518,281,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,252 |
| Savings and temporary cash investments | $74,754,876 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,775,441 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,908,748 |
| Prepaid expenses and deferred charges | $6,961,301 |
| Net Land, buildings, and equipment | $60,228,987 |
| Investments—publicly traded securities | $197,187,338 |
| Investments—other securities | $140,301,815 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,377,321 |
| Total assets | $496,510,079 |
| Accounts payable and accrued expenses | $88,861,811 |
| Grants payable | $0 |
| Deferred revenue | $919,722 |
| Tax-exempt bond liabilities | $26,067,659 |
| 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 | $8,948,359 |
| Total liabilities | $124,797,551 |
| Net assets without donor restrictions | $371,712,528 |
| 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 | $496,510,079 |
Grants Awarded
Over the last fiscal year, Martins Point Health Care Inc has awarded $440,685 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF PEDIATRICS MAINE CHAPTER PURPOSE: General support | $10,000 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: General support | $6,000 |
AMERICAN HEART ASSOCIATION PURPOSE: General support | $17,616 |
BIG BROTHERS BIG SISTERS OF SOUTHERN MAINE PURPOSE: General support | $7,852 |
BOYS AND GIRLS CLUB OF SOUTHERN MAINE PURPOSE: General support | $5,500 |
CAMP KETCHA PURPOSE: General support | $12,000 |