Penobscot Valley Hospital
- Assets
- $10.7m
- Revenue
- $23.5m
- Investments
- $121.1k
- Employees
- 234
- Location
- Lincoln, ME
- Founding
- 01/2002
- Data as of
- 12/2021
- 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 12/2021, Penobscot Valley Hospital employed 234 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 12/2021, Penobscot Valley Hospital generated $23.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $21.6m during the year ending 12/2021. 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
2021
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 2021, 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 |
|---|---|---|---|
Glenn Deyo Surgeon | 40 | $340,085 | |
Paul Turnquist Er Physician | 22 | $225,909 | |
Crystal Landry CEO | Officer | 40 | $191,599 |
Carl Alessi Rhc Physician | 40 | $174,973 | |
Randy Tallman Ultrasound Tech | 40 | $109,877 | |
Amy Theriault COO | 40 | $109,689 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emcare Inc Er Physician Services | 12/30/21 | $1,280,607 |
Nurse Anesthesia Of Maine Llc Nurse Anesthesia Services | 12/30/21 | $369,552 |
Physician Services Inc Hospitalist | 12/30/21 | $327,600 |
Begelow Healthcare Inc Hospitalist | 12/30/21 | $316,680 |
Todd Tritch Hospitalist | 12/30/21 | $282,360 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,312,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,317,854 |
| Total Program Service Revenue | $20,200,477 |
| Investment income | $2,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,336 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,475,356 |
| 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. | $220,284 |
| Compensation of current officers, directors, key employees. | $220,284 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,041,598 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $896,395 |
| Payroll taxes | $573,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $269,266 |
| Fees for services: Accounting | $41,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,965,672 |
| Advertising and promotion | $0 |
| Office expenses | $801,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $782,266 |
| Travel | $38,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $296,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,877 |
| Insurance | $275,169 |
| All other expenses | $0 |
| Total functional expenses | $21,608,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,592,653 |
| Savings and temporary cash investments | $421,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,738,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $454,853 |
| Prepaid expenses and deferred charges | $161,808 |
| Net Land, buildings, and equipment | $3,132,923 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $121,109 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,041,978 |
| Total assets | $10,665,595 |
| Accounts payable and accrued expenses | $2,061,179 |
| 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 | $3,810,081 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,570,339 |
| Total liabilities | $7,441,599 |
| Net assets without donor restrictions | $2,997,757 |
| Net assets with donor restrictions | $226,239 |
| 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 | $10,665,595 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penobscot Valley Hospital has recieved totaling $5,333.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $5,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Northern Light Health Foundation Brewer, ME | $97,816,251 | $36,855,468 |
Acadia Healthcare Inc Brewer, ME | $7,882,970 | $13,906,931 |
Mid Coast Geriatric Services Corp Brunswick, ME | $17,645,698 | $9,510,615 |
Lakewood Waterville, ME | $8,416,936 | $9,675,416 |
Northern Maine General Eagle Lake, ME | $10,507,292 | $9,847,119 |
Concord Hospital- Franklin Concord, NH | $4,560,201 | $12,542,316 |
Northern Light Medical Transport Brewer, ME | $2,616,379 | $8,108,484 |
Regional Medical Center At Lubec Me Inc Lubec, ME | $4,862,490 | $7,029,152 |