The Aroostook Medical Center
- Assets
- $82.7m
- Revenue
- $151.7m
- Investments
- $0.0
- Employees
- 1,219
- Location
- Presque Isle, ME
- Founding
- 06/2005
- Data as of
- 09/2021
- EIN
- 01-0372148
Organization Overview
The Aroostook Medical Center is located in Presque Isle, 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 09/2021, Aroostook Medical Center employed 1,219 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aroostook Medical Center 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, Aroostook Medical Center generated $151.7m 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 (9.6%) each year. All expenses for the organization totaled $154.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AROOSTOOK MEDICAL CENTER D/B/A NORTHERN LIGHT A.R. GOULD HOSPITAL IS TO RESTORE, MAINTAIN, AND IMPROVE THE HEALTH OF OUR FRIENDS AND NEIGHBORS IN A COMPASSIONATE AND PROFESSIONAL ENVIRONMENT.
Describe the Organization's Program Activity:
PROVISION OF ACUTE & SUBACUTE HOSPITAL CARE RELATED TO OUTPATIENT CLINICS AND HEALTH CARE SERVICES. SERVED 10,471 INPATIENT PATIENT DAYS, 15,643 LONG TERM CARE PATIENT DAYS, AND 334,437 OUTPATIENT VISITS. PROVIDED SERVICES REGARDLESS OF ABILITY TO PAY AS WELL AS EDUCATION AND PROMOTION OF HEALTH. PROVIDED OTHER UNCOMPENSATED CARE (AT COST) OF $2,060,914
MEDICARE SHORTFALLS (AT COST). 63,273 PERSONS SERVED
MEDICAID SHORTFALLS (AT COST). 39,256 PERSONS SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Mautz Trustee | Trustee | 50 | $873,609 |
Farid Zayed Physician | 40 | $667,406 | |
Arg Wb Physician | 40 | $643,705 | |
Richard Debowsky Physician | 40 | $548,770 | |
Kristina Manion Physician | 40 | $538,772 | |
David Horne Physician | 40 | $534,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simplifi Temporary Staffing | 9/29/21 | $2,768,703 |
Emergency Physician Associates Physician Staffing | 9/29/21 | $1,044,991 |
Insight Health Corp Diagnostic Services | 9/29/21 | $643,720 |
Weatherby Healthcare Locums Coverage | 9/29/21 | $621,600 |
Dahl Chase Diagnostics Services Diagnostics Services | 9/29/21 | $609,409 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $311,864 |
| Government grants | $1,412,106 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,846 |
| Noncash contributions included in lines 1a–1f | $17,171 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,838,816 |
| Total Program Service Revenue | $136,131,577 |
| Investment income | $268,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,463 |
| Net Gain/Loss on Asset Sales | -$2,234 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $52,449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,749,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $3,300,507 |
| Compensation of current officers, directors, key employees. | $1,130,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,826,824 |
| Pension plan accruals and contributions | $2,173,358 |
| Other employee benefits | $10,127,319 |
| Payroll taxes | $4,390,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $333 |
| Fees for services: Accounting | $20,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,041,811 |
| Advertising and promotion | $32,851 |
| Office expenses | $3,066,096 |
| Information technology | $3,684,238 |
| Royalties | $0 |
| Occupancy | $3,201,362 |
| Travel | $259,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $217,776 |
| Interest | $839,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,463,168 |
| Insurance | $1,411,709 |
| All other expenses | $239,748 |
| Total functional expenses | $154,600,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,891,175 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,782,635 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $885,570 |
| Inventories for sale or use | $2,200,671 |
| Prepaid expenses and deferred charges | $243,722 |
| Net Land, buildings, and equipment | $29,643,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,055,868 |
| Total assets | $82,703,031 |
| Accounts payable and accrued expenses | $19,873,201 |
| Grants payable | $0 |
| Deferred revenue | $12,684,042 |
| 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 | $28,108,216 |
| Total liabilities | $60,665,459 |
| Net assets without donor restrictions | $15,284,649 |
| Net assets with donor restrictions | $6,752,923 |
| 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 | $82,703,031 |
Grants Awarded
Over the last fiscal year, The Aroostook Medical Center has awarded $27,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Camden, ME PURPOSE: Aircraft-helicopters | $20,000 |
Presque Isle, ME PURPOSE: assist young adults in community | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Aroostook Medical Center has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Davis Family Foundation Yarmouth, ME PURPOSE: Northern Light AR Gould Hospital (NL ARG) Cardiac Telemonitoring Replacement and Expansion | $50,000 |
Endowment Analysis
| Beg. Balance | $5,393,717 |
| Earnings | $998,131 |
| Net Contributions | $5,571 |
| Other Expense | $190,818 |
| Ending Balance | $6,206,601 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Maine Medical Center Bangor, ME | $1,005,801,244 | $940,831,284 |
Lrghealthcare Manchester, NH | $149,103,564 | $184,765,489 |
The Aroostook Medical Center Presque Isle, ME | $82,703,031 | $151,749,545 |
Inland Hospital Waterville, ME | $36,158,496 | $73,359,416 |
Northern Maine Medical Center Fort Kent, ME | $77,654,286 | $71,628,259 |
Concord Hospital - Laconia Concord, NH | $50,420,745 | $53,154,882 |
Acadia Hospital Corp Brewer, ME | $44,827,005 | $62,873,016 |
Mrh Corp Brewer, ME | $37,605,393 | $60,251,570 |
Sebasticook Valley Health Pittsfield, ME | $62,811,701 | $56,748,491 |
Pines Health Services Caribou, ME | $7,660,342 | $25,489,346 |
Penobscot Valley Hospital Lincoln, ME | $10,665,595 | $23,475,356 |
Charles A Dean Memorial Hospital Greenville, ME | $24,475,739 | $25,328,153 |