Mainegeneral Health
- Assets
- $53.2m
- Revenue
- $12.1m
- Investments
- $2.5m
- Employees
- 5,351
- Location
- Augusta, ME
- Founding
- 08/2006
- Data as of
- 06/2021
- EIN
- 04-3369649
Organization Overview
Mainegeneral Health is located in Augusta, ME. The organization was established in 2006. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Mainegeneral Health employed 5,351 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Mainegeneral Health 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, Mainegeneral Health generated $12.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $11.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. 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
TO ENHANCE, EVERY DAY, THE HEALTH OF OUR PATIENTS, OUR FAMILIES AND OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINEGENERAL HEALTH PROVIDES ADMINISTRATIVE SERVICES FOR TAX-EXEMPT SUBSIDIARIES AND DEVELOPS AND IMPLEMENTS OVERALL GOALS AND STRATEGIES FOR THE SYSTEM-WIDE DELIVERY OF NECESSARY HEALTH CARE SERVICES IN AN EFFICIENT AND COORDINATED MANNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Hays President & CEO | OfficerTrustee | 50 | $651,202 |
Terry Brann Treasurer & Chief Financial Officer | Officer | 50 | $365,068 |
Marci Alexander General Counsel | 50 | $273,105 | |
Gail Cohen Chief Human Resources Officer | 50 | $265,063 | |
Alex Sydnor Chief Transformation Officer | 50 | $259,615 | |
Nicole Mcsweeney Chief Marketing And Philanthropy Officer | 50 | $181,177 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Newman & Noyes Audit And Consulting Services | 6/29/19 | $173,215 |
Principle Valuation Llc Professional Consulting | 6/29/19 | $138,698 |
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 | $66,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,146 |
| Total Program Service Revenue | $11,534,976 |
| Investment income | $176,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $287,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,064,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $222,666 |
| Grants and other assistance to domestic individuals. | $40,565 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,080,807 |
| Compensation of current officers, directors, key employees. | $1,080,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,411,943 |
| Pension plan accruals and contributions | $150,091 |
| Other employee benefits | $1,094,065 |
| Payroll taxes | $503,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,504 |
| Fees for services: Accounting | $110,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,570 |
| Fees for services: Other | $440,671 |
| Advertising and promotion | $57,492 |
| Office expenses | $128,208 |
| Information technology | $20,442 |
| Royalties | $0 |
| Occupancy | $307,352 |
| Travel | $12,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,930 |
| Interest | -$1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,371 |
| Insurance | $17,710 |
| All other expenses | $35,542 |
| Total functional expenses | $11,510,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,049,092 |
| Savings and temporary cash investments | $100,007 |
| Pledges and grants receivable | $24,788 |
| Accounts receivable, net | $21,520 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,423,096 |
| Net Land, buildings, and equipment | $55,799 |
| Investments—publicly traded securities | $22,845,239 |
| Investments—other securities | $2,497,968 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,192,185 |
| Total assets | $53,209,694 |
| Accounts payable and accrued expenses | $19,744,950 |
| 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 | $24,497,365 |
| Total liabilities | $44,242,315 |
| Net assets without donor restrictions | $7,854,703 |
| Net assets with donor restrictions | $1,112,676 |
| 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 | $53,209,694 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mainegeneral Health has recieved totaling $12,250.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: General Hospitals | $12,250 |
Endowment Analysis
| Beg. Balance | $6,203,513 |
| Earnings | $1,191,632 |
| Net Contributions | $62,147 |
| Other Expense | $366,424 |
| Grants | $40,565 |
| Ending Balance | $7,050,303 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridgton Hospital Bridgton, ME | $42,315,863 | $55,206,126 |
Houlton Regional Hospital Houlton, ME | $36,054,389 | $48,441,740 |
Valley Regional Hospital Inc Claremont, NH | $72,743,139 | $53,184,998 |
Rumford Hospital Rumford, ME | $25,999,903 | $46,142,304 |
Cottage Hospital Woodsville, NH | $42,210,200 | $41,926,770 |
Blue Hill Memorial Hospital Inc Blue Hill, ME | $34,017,992 | $40,461,149 |
Millinocket Regional Hospital Millinocket, ME | $17,691,355 | $34,169,661 |
Upper Connecticut Valley Hospital Association Colebrook, NH | $46,987,886 | $27,325,994 |
Calais Regional Hospital Calais, ME | $0 | $21,155,452 |
Mainegeneral Health Augusta, ME | $53,209,694 | $12,064,587 |
Calais Community Hospital Calais, ME | $13,954,869 | $11,332,836 |
Dfd Russell Medical Center Inc Leeds, ME | $7,046,555 | $10,684,680 |