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. 98% 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.
  • 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
Phone
2079739081
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

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: 73
  • Transparency & Controls: 70
  • 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; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party 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
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.6%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage 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 · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.7M 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
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 28 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Leadership & pay

31 people listed

Highest reported compensation

  • Tim Dentry NLH PresidentCEO (Ex-Officio): $1,957,524 total reported compensation
  • Anthony Filer (Treasurer-Pt Yr): $853,903 total reported compensation
  • Paul Bolin (EVP & CPO): $648,086 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.