Mid Coast Hospital
Nonprofit profile at a glance
- EIN
- 010215911
- IRS 990 coverage
- 2009–2020
- Forms available
- Form 990 2020
- Location
- Brunswick, ME, USA
- Phone
- 2077290181
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $59,625,535
- Expenses
- $62,566,306
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- Lois N Skillings (President/CEO)
- Melissa Streeter MD (Medical Staff Vice President)
- Ranjiv Advani MD (Medical Staff President)
- Joan Shea (Director/Aux. President)
Highest reported compensation
- Miguel Arguedas MD (Physician): $766,562 total reported compensation
- Calin Stoicov MD (Physician): $683,852 total reported compensation
- Michael Mason MD (Physician): $670,295 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide quality health care and health-related services directed toward continually improving the health and wellbeing of the patients and communities we serve. We will provide compassionate, humanistic, accessible, personal, professional, efficient, cost-effective and quality services.
What it reported doing in 2020
Acute and specialty health care services were provided to residents of the Mid-Coast Maine area. Charity care was provided to those patients who did not have the ability to pay for medical services. Effective December 31, 2020 the Hospital legally dissolved and transferred all its assets and activities to MaineHealth, a 501(c)(3) healthcare organization.
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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 71
- Accountability: 78
- Sustainability: 5
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.3%; rating input score 90
- Program expense ratio: 86.1%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 67th 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: 97%; rating input score 97; 30th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 86.4%; rating input score 86; 37th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -4.9%; rating input score 9; 9th 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: 8.3%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 0.5% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 10th percentile among comparable filings
Details
- Where the money goes: 90.3% of revenue deployed · 86.1% of spending went to programs
- Governance: 19 of 22 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $53.9M in reported program spending
- Leadership: top reported pay $767K · 30 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $719K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2009 to 2020
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 56 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 9/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 5/100.