Stephens Memorial Hospital Assoc

Overview

Mission

To ensure a high quality, accessible, affordable and appropriate integrated health care system to improve the health and well being of the community.

What it reported doing in 2018

Inpatient Services: For the three months ended December 31, 2018 the hospital provided inpatient nursing services to 384 Adults/Pediatrics, Special Care, and Nursery patients with a total of 1,129 patient days. 54 inpatients were uninsured, 207 were covered by Medicare and 42 were covered by Medicaid.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
010219904
IRS 990 coverage
2009–2018
Forms available
Form 990 2018
Headquarters
Norway, ME, USA
Phone
2077435933
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 60
  • Accountability: 70
  • Sustainability: 26
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.9%; rating input score 93
  • Program expense ratio: 96.4%; rating input score 96
  • Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 64.7%; rating input score 65; 11th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3.5%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 18.9%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -6.8% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -0.1% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 92.9% of revenue deployed · 96.4% of spending went to programs
  • Governance: 11 of 17 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $17.9M in reported program spending
  • Leadership: top reported pay $491K · 25 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6.9M reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 8 filed schedules · includes executive pay
  • Filing history: 10 annual filings from 2009 to 2018
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

25 people listed

Highest reported compensation

  • Timothy Churchill (President): $491,191 total reported compensation
  • Eric K Osborne DO (Physician): $442,679 total reported compensation
  • Gregory J Hardy MD (Physician): $428,134 total reported compensation

Source: IRS Form 990. Selected filing: FY2018.