Penobscot Valley Hospital
- Assets
- $9.9m
- Revenue
- $24.2m
- Investments
- $124.2k
- Employees
- 233
- Location
- Lincoln, ME
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 01-0545327
Organization Overview
Penobscot Valley Hospital is located in Lincoln, ME. The organization was established in 2002. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Penobscot Valley Hospital employed 233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penobscot Valley Hospital 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 12/2022, Penobscot Valley Hospital generated $24.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $24.3m during the year ending 12/2022. While expenses have increased by 0.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CRITICAL ACCESS HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENOBSCOT VALLEY HOSPITAL IS A 25 BED CRITICAL ACCESS HOSPITAL IN LINCOLN, ME. THE HOSPITAL PROVIDED A WIDE RANGE OF MEDICAL SERVICES TO ITS PATIENTS IN 2022, SOME OF THE LARGEST BEING EMERGENCY ROOM SERVICES, LABORATORY SERVICES, PHARMACY SERVICES, & RADIOLOGY SERVICES. PLEASE REFER TO SCHEDULE H FOR A MORE COMPREHENSIVE LIST OF SERVICES PROVIDED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Tritch MD Ed Physician And Medical Director | 40 | $395,281 | |
Glenn Deyo Surgeon | 40 | $338,352 | |
Crystal Landry CEO | Officer | 40 | $192,819 |
Carl Alessi Rhc Physician | 40 | $179,099 | |
Elisa Blethen CFO | Officer | 40 | $168,498 |
Amy Theriault COO | Officer | 40 | $149,348 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emcare Inc Er Physician Services | 12/30/22 | $1,101,184 |
Todd Tritch Md Hospitalist | 12/30/22 | $352,560 |
Coyn Enterprises Hospitalist | 12/30/22 | $273,600 |
Physician Services Inc Hospitalist | 12/30/22 | $237,000 |
Bigelow Hillcare Services Llc Hospitalist | 12/30/22 | $229,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,913,997 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,920,448 |
| Total Program Service Revenue | $22,318,536 |
| Investment income | $6,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,248,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $565,222 |
| Compensation of current officers, directors, key employees. | $565,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,966,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,003,975 |
| Payroll taxes | $670,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,117 |
| Fees for services: Accounting | $57,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,518,219 |
| Advertising and promotion | $0 |
| Office expenses | $847,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $745,666 |
| Travel | $27,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,029 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $407,060 |
| Insurance | $289,157 |
| All other expenses | $0 |
| Total functional expenses | $24,299,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,372,355 |
| Savings and temporary cash investments | $424,945 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,444,346 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $438,203 |
| Prepaid expenses and deferred charges | $183,613 |
| Net Land, buildings, and equipment | $3,211,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $124,231 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $712,732 |
| Total assets | $9,912,217 |
| Accounts payable and accrued expenses | $2,588,899 |
| Grants payable | $0 |
| Deferred revenue | $103,688 |
| 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 | $3,962,718 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,113 |
| Total liabilities | $6,680,418 |
| Net assets without donor restrictions | $3,002,072 |
| Net assets with donor restrictions | $229,727 |
| 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 | $9,912,217 |