Houlton Regional Hospital
- Assets
- $36.1m
- Revenue
- $48.4m
- Investments
- $0.0
- Employees
- 442
- Location
- Houlton, ME
- Founding
- 01/1973
- Data as of
- 09/2020
- EIN
- 23-7134386
Organization Overview
Houlton Regional Hospital is located in Houlton, ME. The organization was established in 1973. 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 09/2021, Houlton Regional Hospital employed 442 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houlton Regional 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 09/2020, Houlton Regional Hospital generated $48.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $47.8m during the year ending 09/2020. While expenses have increased by 0.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HOULTON REGIONAL HOSPITAL'S PURPOSE IS TO PROVIDE SAFE, COMPASSIONATE, QUALITY, COST EFFECTIVE CARE TO THE COMMUNITIES WE SERVE. WE ARE DEDICATED TO IMPROVING THE HEALTH STATUS OF THOSE WE SUPPORT THROUGH EDUCATION, TREATMENT AND REHABILITATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HEALTH CARE SERVICES IN RURAL MAINE. DURING THE FISCAL YEAR ENDED 9/30/21, 1,099 PEOPLE HAD AN INPATIENT STAY (INCLUDING SWING BEDS); 86,623 OUTPATIENT SERVICES WERE RENDERED; 8,804 PEOPLE WERE SERVED IN THE EMERGENCY ROOM. OF THESE SERVICES, 55 ACCOUNTS (REPRESENTING 14 PEOPLE AND $89,495) WERE WRITTEN OFF AS CHARITY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hassan E Abouleish MD Vice President | OfficerTrustee | 40 | $460,200 |
Eric Rau Gen Surgeon | 40 | $415,545 | |
Jennifer Cavalari Hospitalist | 40 | $342,719 | |
Shawn D Anderson CEO | Officer | 40 | $312,936 |
Kimberly Mays-De-Perez Ob/gyn Physician | 40 | $274,966 | |
Solomon Olabiyi MD Director | Trustee | 40 | $250,996 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Houlton Internal Medicine Pa Internal Medicine | 9/29/21 | $598,250 |
Arundel Internal Medicine Pc Hospitalist Svcs | 9/29/21 | $525,128 |
Internal Medicine Of Houlton Internal Medicine | 9/29/21 | $460,200 |
Blue Water Emergency Partners Llc Emergency Physicians | 9/29/21 | $3,272,177 |
John C Russell Md Urologist | 9/29/21 | $430,356 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,678,380 |
| Investment income | $142,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $189,890 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,441,740 |
| Statement of Expenses | |
|---|---|
| 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. | $1,373,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,810,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,807,114 |
| Payroll taxes | $1,419,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,612 |
| Fees for services: Accounting | $50,000 |
| Fees for services: Lobbying | $6,959 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,065 |
| Fees for services: Other | $7,721,991 |
| Advertising and promotion | $17,850 |
| Office expenses | $148,511 |
| Information technology | $549,442 |
| Royalties | $0 |
| Occupancy | $169,603 |
| Travel | $57,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $378,039 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $904,794 |
| Insurance | $442,005 |
| All other expenses | $0 |
| Total functional expenses | $47,832,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,827,974 |
| Savings and temporary cash investments | $11,523,237 |
| Pledges and grants receivable | $19,912 |
| Accounts receivable, net | $4,784,704 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $862,194 |
| Prepaid expenses and deferred charges | $789,845 |
| Investments—publicly traded securities | $4,781,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,149,926 |
| Total assets | $36,054,389 |
| Accounts payable and accrued expenses | $9,103,344 |
| Grants payable | $0 |
| Deferred revenue | $3,682,878 |
| Tax-exempt bond liabilities | $4,789,476 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $151,517 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,089,916 |
| Total liabilities | $31,817,131 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,237,258 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Houlton Regional Hospital has recieved totaling $115,080.
| Awarding Organization | Amount |
|---|---|
Houlton Regional Health Services Foundation Houlton, ME | | $115,080 |
Endowment Analysis
| Beg. Balance | $203,049 |
| Earnings | $50,445 |
| Admin Expense | $455 |
| Ending Balance | $253,039 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Littleton Hospital Association Littleton, NH | $118,195,564 | $100,362,959 |
Monadnock Community Hospital Peterborough, NH | $175,868,092 | $101,127,836 |
Maine Coast Regional Health Facilities Ellsworth, ME | $64,403,049 | $81,449,460 |
Memorial Hospital North Conway, NH | $121,250,571 | $92,264,207 |
Huggins Hospital Wolfeboro, NH | $178,261,759 | $92,166,408 |
Mount Desert Island Hospital Bar Harbor, ME | $84,300,625 | $94,579,483 |
Alice Peck Day Memorial Hospital Lebanon, NH | $121,000,117 | $84,355,521 |
Speare Memorial Hospital Plymouth, NH | $103,298,307 | $78,325,414 |
Androscoggin Valley Hospital Inc Berlin, NH | $96,834,885 | $76,927,619 |
The New London Hospital Association Inc New London, NH | $104,740,465 | $65,376,393 |
Weeks Medical Center Lancaster, NH | $93,203,469 | $69,251,055 |
Mid Coast Hospital Brunswick, ME | $0 | $59,625,535 |