Maine-Dartmouth Family Medicine Residency
Nonprofit profile at a glance
- EIN
- 010369195
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Augusta, ME, USA
- Phone
- 2076261894
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $22,609,096
- Expenses
- $22,575,093
- Assets
- $7,915,456
- Liabilities
- $5,360,569
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- Michelle Bragg EdD (Executive Director)
Highest reported compensation
- Jonathan Karnes MD (Dermatology Physician): $536,777 total reported compensation
- Angela Wo (Dermatology Physician): $522,889 total reported compensation
- Joshua Sparling MD (Dermatology Physician): $503,625 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Educate physicians for a lifetime of competent, compassionate and personally satisfying practice. Improve the health of Maine people, with particular emphasis on rural areas and underserved populations. Promote the involvement of physicians in the life of the broader community.
What it reported doing in 2024
The Maine-Dartmouth Family Medicine Residency is an education based program that educates physicians for a lifetime of competent, compassionate and personally satisfying practice. The Organization strives to improve the health of Maine people with particular emphasis on rural areas and underserved populations while promoting the involvement of physicians in the life of the broader community. The Organization creates a community of learners which honors patient care responsibilities, balances learning and patient care in a way that combines scientific rigor and humanity and values the community caregivers.The Organization strives to create a workplace culture that fosters respect, teamwork, support for personal well-being and openness and appreciation for difference.
Operating model
- Revenue model
- Earned-program. 99% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 79
- Accountability: 88
- Sustainability: 21
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.8%; rating input score 87
- Program expense ratio: 87.2%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- 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: 80%; rating input score 80; 16th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.2%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0.68; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 17.9%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 5.7% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 10.6% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 86.8% of revenue deployed · 87.2% of spending went to programs
- Governance: 16 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $19.7M in reported program spending
- Leadership: top reported pay $537K · 31 people listed · 3 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 16 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.