Miles Memorial Hospital

Nonprofit profile at a glance

EIN
010211796
IRS 990 coverage
2009–2012
Forms available
Form 990 2012
Location
Damariscotta, ME, USA
Phone
2075631234
Rating confidence
Limited
Sector
Hospital, General

Official website

Reported finances

Revenue
$56,475,307
Expenses
$53,360,905
Assets
$47,785,275
Liabilities
$13,225,410

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

28 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Miles memorial hospital is dedicated to maintaining and improving the health of our communities by assuring: the very best, highest quality, and compassionate health care services from highly trained professionals; our services are cost-effective and accessible to all regardless of their ability to pay; as a not-for-profit, charitable organizations, we will be trustworthy stewards of our resources; our active participation and support of the mainehealth family.

What it reported doing in 2012

Hospital operations: miles memorial hospital is a 38 bed sole community hospital. The hospital operations provide acute, rehabilitative, obstetrics and intensive care in its inpatient setting. Outpatient services include emergency care, general and orthopedic surgery, physical therapy, occupational therapy, speech therapy, cardiopulmonary services, diagnostic imaging, laboratory, and pharmacy services. Please refer to the attached statistics and community benefits statement for a more detailed description of its programs.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 65
  • Accountability: 81
  • Sustainability: 56
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 20th 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: 5.5%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 0.9; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 1.6%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.5% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 2.9% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 14 of 21 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $49.3M in reported program spending
  • Leadership: top reported pay $494K · 28 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2009 to 2012
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 5 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.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.