Regional Medical Center At Lubec Me Inc
- Assets
- $7.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 63
- Location
- Lubec, ME
- Founding
- 05/1972
- Data as of
- 12/2023
- EIN
- 23-7146768
Organization Overview
Regional Medical Center At Lubec Me Inc is located in Lubec, ME. The organization was established in 1972. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Regional Medical Center At Lubec ME Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Medical Center At Lubec ME Inc 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 12/2023, Regional Medical Center At Lubec ME Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $6.0m during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 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.
Since 2015, Regional Medical Center At Lubec ME Inc has awarded 28 individual grants totaling $966,067. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, PROVIDE AND COORDINATE QUALITY HEALTHCARE FOR THE DOWNEAST REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HRSA BUREAU OF PRIMARY HEALTH CARE: GENERAL HEALTH SERVICES INCLUDING MEDICAL, DENTAL, PODIATRY, PATIENT EDUCATION, SUBSTANCE USE DISORDER AND MENTAL HEALTH COUNSELING.HRSA RYAN WHITE HIV/AIDS PROGRAM: HIV OUTREACH INCLUDING COUNSELING, TESTING AND REFERRALS.
ALLIED HEALTH SERVICES: THROUGH ITS SUNRISE COUNTY HOMECARE SERVICES PROGRAM THE REGIONAL MEDICAL CENTER AT LUBEC PROVIDES HOME HEALTH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Doherty Board Chairman | OfficerTrustee | 1 | $0 |
Roger Quirk Vice Chair | OfficerTrustee | 1 | $0 |
Julia Brady Treasurer | OfficerTrustee | 1 | $0 |
Sara Mcconnell Secretary | OfficerTrustee | 0.5 | $0 |
Marcia Jackson Board Member | Trustee | 0.5 | $0 |
Anne Perry Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Newcomb Construction Building And Contractor Services | 12/30/23 | $227,942 |
Cpa Medical Billing 3rd Party Building Contractor | 12/30/23 | $199,157 |
Northern Light Healthcare Contracted Healthcare Provider | 12/30/23 | $161,469 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,124,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,174,340 |
| Total Program Service Revenue | $4,790,403 |
| Investment income | $34,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,168,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,624 |
| 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. | $276,783 |
| Compensation of current officers, directors, key employees. | $276,783 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,873,590 |
| Pension plan accruals and contributions | $74,691 |
| Other employee benefits | $360,169 |
| Payroll taxes | $236,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,520 |
| Fees for services: Accounting | $47,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $995,638 |
| Advertising and promotion | $7,857 |
| Office expenses | $32,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $146,382 |
| Travel | $100,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,952 |
| Insurance | $37,065 |
| All other expenses | $0 |
| Total functional expenses | $6,002,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,774 |
| Savings and temporary cash investments | $4,847,162 |
| Pledges and grants receivable | $134,324 |
| Accounts receivable, net | $334,775 |
| 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 | $95,462 |
| Net Land, buildings, and equipment | $1,415,977 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,917 |
| Total assets | $7,175,391 |
| Accounts payable and accrued expenses | $615,104 |
| Grants payable | $0 |
| Deferred revenue | $75,784 |
| 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 | $17,472 |
| Total liabilities | $708,360 |
| Net assets without donor restrictions | $6,417,031 |
| Net assets with donor restrictions | $50,000 |
| 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 | $7,175,391 |
Grants Awarded
Over the last fiscal year, Regional Medical Center At Lubec Me Inc has awarded $89,624 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNEAST AIDS NETWORK PURPOSE: Purpose of Grant to provide integrated health care services and enhanced adh | $58,874 |
EASTERN MAINE MEDICAL CENTER PURPOSE: Purpose of Grant to provide integrated health care services and enhanced adh | $30,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Maine Healthcare Systems Brewer, ME | $11,601,282 | $19,214,118 |
Mid Coast Geriatric Services Corp Brunswick, ME | $13,954,701 | $12,391,866 |
Eastern Maine Healthcare Systems Waterville, ME | $7,563,888 | $14,005,629 |
Northern Maine General Eagle Lake, ME | $5,854,047 | $7,718,492 |
Eastern Maine Healthcare Systems Brewer, ME | $2,616,379 | $8,108,484 |
Regional Medical Center At Lubec Me Inc Lubec, ME | $7,175,391 | $7,168,211 |
St Croix Regional Family Health Center Princeton, ME | $6,335,102 | $6,326,191 |
Hope Association Rumford, ME | $11,037,923 | $6,400,596 |
Washington County Emergency Medical Service Authority Calais, ME | $1,545,967 | $1,420,137 |
Childhood Cancer Lifeline Hillsboro, NH | $292,437 | $0 |
Maine Dental Health Out-Reach Inc Winthrop, ME | $140,311 | $165,650 |
Partners In Health Brewer, ME | $62,442 | $0 |
Hiram N Perkins Trust 323-6130796330 Portland, ME | $432,911 | $8,752 |
Milbridge Medical Center Cherryfield, ME | $603,729 | $34,441 |
Eastern Maine Healthcare Systems Brewer, ME | $335,156 | $18,129 |
Southern New Hampshire Health System Inc Nashua, NH | $0 | $0 |