St Marys Health System
- Assets
- $11.8m
- Revenue
- $3.5m
- Investments
- $1.6m
- Employees
- 22
- Location
- Lewiston, ME
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 22-2504349
Organization Overview
St Marys Health System is located in Lewiston, ME. The organization was established in 1946. 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 12/2021, St Marys Health System employed 22 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Marys Health System 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, St Marys Health System generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.7%) per year over the past 7 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
AS AN ENTITY, ST. MARY'S HEALTH SYSTEM PROVIDES ADMINISTRATIVE OVERSIGHT, MANAGEMENT RESOURCES, AND SUPPORTIVE SERVICES TO ADVANCE COMPREHENSIVE, PREVENTATIVE, AND HEALING SERVICES FOR THE PATIENTS, EMPLOYEES, AND THE LOCAL BUSINESS COMMUNITY OF ITS AFFILIATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFETY AND EMPLOYEE HEALTH, AND AFFILIATED SERVICES: A PROGRAM TO PROVIDE SCREENING AND INJURY MANAGEMENT FOR ITS EMPLOYEES AND THE BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Torres Medical Director | 40 | $110,465 | |
Alan Bean MD Physician | 40 | $107,968 | |
Rosanne Marquis Nurse Practitioner | 40 | $101,116 | |
Steve Jorgensen President & CEO | OfficerTrustee | 0.1 | $0 |
Mark Anthoine Chair | OfficerTrustee | 0.1 | $0 |
Stephen Grubbs Covenant Health President & CEO | Officer | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Synernet Workers Compensation Fund Workers' Comp Premiums | 12/30/16 | $1,650,799 |
Covenant Health Inc Purchased Services | 12/30/16 | $140,509 |
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 | $88,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,000 |
| Total Program Service Revenue | $3,076,907 |
| Investment income | $22,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $367,719 |
| Net Gain/Loss on Asset Sales | -$85,396 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,469,341 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,068,971 |
| Pension plan accruals and contributions | $11,446 |
| Other employee benefits | $1,223,121 |
| Payroll taxes | $78,178 |
| Fees for services: Management | $116,844 |
| Fees for services: Legal | $193 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $162,551 |
| Advertising and promotion | $0 |
| Office expenses | $25,466 |
| Information technology | $5,279 |
| Royalties | $0 |
| Occupancy | $81,225 |
| Travel | $74 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,384 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,208 |
| Insurance | $50,674 |
| All other expenses | $90,059 |
| Total functional expenses | $3,289,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,832 |
| Savings and temporary cash investments | $2,744,473 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161,528 |
| 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 | $103,625 |
| Net Land, buildings, and equipment | $4,834,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,607,677 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,377,238 |
| Total assets | $11,831,173 |
| Accounts payable and accrued expenses | $133,464 |
| 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 | $26,077,972 |
| Total liabilities | $26,211,436 |
| Net assets without donor restrictions | -$15,142,757 |
| Net assets with donor restrictions | $762,494 |
| 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 | $11,831,173 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that St Marys Health System has recieved totaling $385,446.
| Awarding Organization | Amount |
|---|---|
Albert Lepage Foundation Inc Garden City, NY PURPOSE: GENERAL EXEMPT PURPOSE | $250,000 |
Andrew P Barowsky Foundation Inc Garden City, NY PURPOSE: GENERAL EXEMPT PURPOSE | $46,441 |
Elmina B Sewall Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Harvard Pilgrim Health Care Foundation Inc Canton, MA PURPOSE: Mobile market and healthy food access | $30,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Mental Health | $10,000 |
United Way Of Androscoggin County Inc Lewiston, ME PURPOSE: FOOD FOR THE HOMELESS AND LOW INCOME | $9,000 |
Endowment Analysis
| Beg. Balance | $674,494 |
| Net Contributions | $88,000 |
| Ending Balance | $762,494 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Research & Education Trust Augusta, ME | $51,643 | $215,679 |
Greater Derry Oral Health Collaborative Corporation Derry, NH | $135,742 | $0 |
Friends Of Lamprey Health Care Inc Newmarket, NH | $4,253,114 | $228,056 |