Martins Point Generations Advantage Inc
- Assets
- $191.5m
- Revenue
- $568.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-4682941
Organization Overview
Martins Point Generations Advantage Inc is located in Portland, ME. The organization was established in 2016. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martins Point Generations Advantage Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Martins Point Generations Advantage Inc generated $568.6m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER THE CARE EVERY PERSON DESERVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATIONS ADVANTAGE - PLEASE SEE NOT-FOR-PROFIT NARRATIVE STATEMENT FOR MARTIN'S POINT GENERATIONS ADVANTAGE ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David H Howes MD President & CEO | OfficerTrustee | 20 | $0 |
Edward S Mckersie Board Member, Treasurer | OfficerTrustee | 0.5 | $0 |
Barbara E Trethaway JD Board Member, Chair | OfficerTrustee | 0.5 | $0 |
George J Isham MD Ms Board Member, Vice Chair | OfficerTrustee | 0.5 | $0 |
Amanda Jackson Chief Financial Officer | Officer | 20 | $0 |
David E Currier ESQ Secretary | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maine Medical Center Medical Services | 12/30/21 | $119,511,806 |
Eastern Maine Medical Center Medical Services | 12/30/21 | $26,892,640 |
Central Maine Medical Center Medical Services | 12/30/21 | $24,111,109 |
Mainegeneral Medical Center Medical Services | 12/30/21 | $17,723,804 |
Mercy Hospital Medical Services | 12/30/21 | $14,366,693 |
View All Vendors
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $555,485,861 |
| Investment income | $1,791,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,325,069 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $568,602,384 |
| 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 | $3,844,354 |
| Pension plan accruals and contributions | $175,630 |
| Other employee benefits | $624,359 |
| Payroll taxes | $265,692 |
| Fees for services: Management | $26,722,687 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $232,836 |
| Fees for services: Other | $5,535,226 |
| Advertising and promotion | $4,265,116 |
| Office expenses | $1,139,108 |
| Information technology | $23,633 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,683 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $589,753,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,372,490 |
| Savings and temporary cash investments | $3,167,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,144,952 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $70,212,736 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,625,109 |
| Total assets | $191,522,847 |
| Accounts payable and accrued expenses | $87,823,142 |
| 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 | $0 |
| Total liabilities | $87,823,142 |
| Net assets without donor restrictions | $103,699,705 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $191,522,847 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Martins Point Generations Advantage Inc Portland, ME | $191,522,847 | $568,602,384 |
Foundation Medical Partners Inc Nashua, NH | $51,959,863 | $127,393,246 |
Nordx Scarborough, ME | $62,155,079 | $87,579,107 |
Home Health & Hospice Care Merrimack, NH | $24,769,163 | $23,113,084 |
Vna At Hcs Inc Keene, NH | $9,766,426 | $18,124,886 |
Tri-County Mental Health Services Lewiston, ME | $7,983,072 | $15,678,818 |
Exeter Med Real Inc Exeter, NH | $48,444,143 | $7,175,126 |
Graniteone Health Manchester, NH | $1,202,880 | $8,160,739 |
Amistad Portland, ME | $577,709 | $2,429,831 |
New Hampshire Childrens Health Foundation Concord, NH | $26,766,436 | $331,723 |
Island Commons Resource Center Chebeague Island, ME | $1,773,833 | $1,346,250 |
Consumers For Affordable Health Care Foundation Augusta, ME | $490,802 | $679,805 |