Central Maine Healthcare Corporation
- Assets
- $160.1m
- Revenue
- $47.5m
- Investments
- $0.0
- Employees
- 576
- Location
- Lewiston, ME
- Founding
- 03/1983
- Data as of
- 06/2021
- EIN
- 01-0386913
Organization Overview
Central Maine Healthcare Corporation is located in Lewiston, ME. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Central Maine Healthcare Corporation employed 576 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Maine Healthcare Corporation 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 06/2021, Central Maine Healthcare Corporation generated $47.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $35.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Central Maine Healthcare Corporation has awarded 16 individual grants totaling $6,228,588. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL MAINE HEALTHCARE CORPORATION SUPPORTS ITS AFFILIATED HEALTHCARE INSTITUTIONS IN ORDER FOR THESE ENTITIES TO PROVIDE EXCEPTIONAL HEALTHCARE SERVICES
Describe the Organization's Program Activity:
TO SUPPORT AFFILIATED HEALTHCARE INSTITUTIONS BY PROVIDING MANAGERIAL, ADMINISTRATIVE, AND FUND-RAISING SERVICES IN A CONTINUOUS, ORGANIZED, AND EFFICIENT MANNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Brickman President/director | OfficerTrustee | 60 | $945,603 |
Jason Krupp Physician Practice Exec | Officer | 55 | $563,795 |
David Tupponce Former President Cmmc | 0 | $557,207 | |
John Alexander Chief Medical Officer | Officer | 55 | $496,166 |
John Whitlock Treasurer End 6/21 | Officer | 60 | $478,758 |
Peter Wright President Bridgton Hospital | Officer | 55 | $436,017 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation It Support | 6/29/21 | $6,154,691 |
Kaufman Hall And Associates In Consulting Services | 6/29/21 | $3,694,907 |
Medmatica Consulting Collections Services | 6/29/21 | $810,394 |
Umr Benefits Administration | 6/29/21 | $730,054 |
Parallon Revenue Cycle Ser Collections Services | 6/29/21 | $717,167 |
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 | $1,144,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,144,202 |
| Total Program Service Revenue | $35,705,118 |
| Investment income | $1,145,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,456 |
| Net Gain/Loss on Asset Sales | $9,442,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,484,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,530 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,222,311 |
| Pension plan accruals and contributions | -$116,240 |
| Other employee benefits | $3,815,524 |
| Payroll taxes | $2,022,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $505,996 |
| Fees for services: Accounting | $292,341 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,005,995 |
| Advertising and promotion | $358,974 |
| Office expenses | $5,222,454 |
| Information technology | $6,778,894 |
| Royalties | $0 |
| Occupancy | $207,289 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,145 |
| Interest | $41,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,216 |
| Insurance | -$494,936 |
| All other expenses | $0 |
| Total functional expenses | $35,742,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$121,007 |
| Savings and temporary cash investments | $15,385,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,445,344 |
| Loans from Disqualified Persons | $8,746,551 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,277,320 |
| Net Land, buildings, and equipment | $12,312,277 |
| Investments—publicly traded securities | $10,001 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117,015,712 |
| Total assets | $160,072,160 |
| Accounts payable and accrued expenses | $24,046,636 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $76,514,973 |
| Total liabilities | $100,561,609 |
| Net assets without donor restrictions | $41,842,225 |
| Net assets with donor restrictions | $17,668,326 |
| 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 | $160,072,160 |
Grants Awarded
Over the last fiscal year, Central Maine Healthcare Corporation has awarded $16,530 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lewiston, ME PURPOSE: RELATED ENTITY SUPPORT | $16,530 |
Lewiston, ME PURPOSE: RELATED ENTITY SUPPORT | $0 |
Bridgton, ME PURPOSE: RELATED ENTITY SUPPORT | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Maine Healthcare Corporation has recieved totaling $140,000.
| Awarding Organization | Amount |
|---|---|
Davis Family Foundation Yarmouth, ME PURPOSE: CMH Cancer Care Center | $100,000 |
Maine Cancer Foundation Falmouth, ME PURPOSE: General operating support. | $40,000 |
Endowment Analysis
| Beg. Balance | $22,433,287 |
| Earnings | $2,706,314 |
| Net Contributions | $212,705 |
| Other Expense | $1,405,668 |
| Ending Balance | $23,946,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mass General Brigham Incorporated Dover, NH | $7,857,187 | $29,893,981 |
Central Maine Healthcare Corporation Lewiston, ME | $160,072,160 | $47,484,302 |
Medical Care Development Incorporated Hallowell, ME | $13,124,569 | $32,391,306 |
Exeter Health Resources Exeter, NH | $367,054,931 | $15,758,804 |
Capital Region Health Ventures Corporation Concord, NH | $12,519,772 | $11,897,231 |
St Marys Health System Lewiston, ME | $11,831,173 | $3,469,341 |
Valley Regional Healthcare Inc Claremont, NH | $13,445,921 | $2,270,265 |
New Hampshire Health Care Assoc Pembroke, NH | $545,867 | $1,117,026 |
Mass General Brigham Incorporated Dover, NH | $10,164,563 | $752,914 |
Capital Region Health Care Corp Concord, NH | $2,419,820 | $434,909 |
Dartmouth-Hitchcock Medical Center Lebanon, NH | $3,201,700 | $420,697 |
Exeter Health Resources Inc Self-Insurance Trust Exeter, NH | $5,115,421 | $95,469 |