Eastport Memorial Hospital

Nonprofit profile at a glance

EIN
010213979
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Eastport, ME, USA
Phone
2078532531
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Home Health Care

Reported finances

Revenue
$3,608,239
Expenses
$3,656,549
Assets
$3,512,735
Liabilities
$645,698

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • Tessa Ftorek (President)
  • Kevin Raye (Vice President)

Highest reported compensation

  • Leslie Eisenbrey (Director of Nursing): $118,671 total reported compensation
  • Nancy Jane Hanson (Administrator): $109,883 total reported compensation
  • Patricia Greenier (Infection Control): $104,131 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Inspired by our core values of dignity and respect, Eastport Memorial Nursing Home is committed to providing the highest quality of care in a safe, loving, compassionate and home-like environment.

What it reported doing in 2024

The purpose of the Nursing Home is to offer long term, respite care to the residents of the city of Eastport and the surrounding communities. Residents of the community with health care issues that require nursing home services are able to stay in their community and receive the services provided by Eastport Memorial Nursing Home. The second purpose of the Home is to employ professionals and nonprofessionals from Eastport and the surrounding area. The Home has been able to successfully employ on average 50 health care workers, which include licensed nurses, certified nursing assistants, administrative personnel, housekeeping, laundry and maintenance personnel. These positions are year-round and relatively safe from economic swings that other industries face.

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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.5%; rating input score 85
  • Program expense ratio: 84.9%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 21st percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1.3%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 0.96; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 10.7%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 5.6% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 84.5% of revenue deployed · 84.9% of spending went to programs
  • Governance: 10 of 11 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.1M in reported program spending
  • Leadership: top reported pay $119K · 18 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 28/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.