Sebasticook Valley Health Northern Light Sebasticook Valley Hosp

Overview

Mission

Sebasticook Valley Health d/b/a Northern Light Sebasticook Valley Hospital is a critical access hospital whose mission is to be the regional leader in meeting the health needs of our communities, providing quality care, always treating people with dignity and respect.

What it reported doing in 2023

Sebasticook Valley Health d/b/a Northern Light Sebasticook Valley Hospital (SVH) is a nonprofit hospital, providing service for all that needs care, regardless of their ability to pay. In the 2024 fiscal year, SVH provided free care of $498,313 and recorded $2,454,282 in bad debts. Our hospital provides 24-hours-a-day emergency services with annual visits of 11,522. SVH provides many free services and programs that are designed to improve the health and well being of our surrounding communities.Additional Statistics: IP Admissions of 1,030Patient Days 5,456Emergency Room Visits 11,522Surgical Cases 1,018Outpatient Visits 122,058

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The nonprofit carried out 100% of its reported program work directly.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
010263628
IRS 990 coverage
2009–2023
Forms available
Form 990 2023, Form 990-T 2023
Headquarters
Pittsfield, ME, USA
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals

Official website

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The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 69
  • Accountability: 80
  • Sustainability: 59
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.5%; rating input score 80
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 73.3%; rating input score 73; 23rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: 8.6%; rating input score 72; 72nd percentile among comparable filings
  • Operating reserve ratio: 1.53; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 7.3%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -2.6% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -0% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: 7.2% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 79.5% of revenue deployed · 87% of spending went to programs
  • Governance: 11 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $49.7M in reported program spending
  • Leadership: top reported pay $2M · 31 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 10 filed schedules · includes major donors and executive pay
  • Filing history: 14 annual filings from 2009 to 2023
  • Money network: 13 filed money-flow records
  • Related organizations: 28 filed related-organization links