Penobscot Bay Physicians & Assoc
Nonprofit profile at a glance
- EIN
- 010530517
- IRS 990 coverage
- 2009–2019
- Forms available
- Form 990 2019
- Location
- Belfast, ME, USA
- Phone
- 2075946747
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Group Health Practice (Health Maintenance Organizations)
Reported finances
- Revenue
- $9,876,122
- Expenses
- $9,876,122
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Mark Fourre MD (CEO)
Highest reported compensation
- Joseph Scordino MD (Physician): $959,974 total reported compensation
- Kirk Bernadino MD (Physician): $805,985 total reported compensation
- Lars Ellison MD (Trustee): $600,770 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide primary and specialty physician services to Penobscot Bay Medical Center dba MaineHealth.
What it reported doing in 2019
Penobscot Bay Physicians and Associates (PBPA) is a supporting organization operating for the exclusive benefit of Penobscot Bay Medical Center(PBMC)dba MaineHealth. PBPA conducts business in support of the corporation in three overlapping ways; (1) By providing primary and specialty physician and other health care services directly to members of the community in the hospital service area of PBMC, that is, Knox County, Maine and the surrounding areas; (2) By serving as a part of an integrated delivery system thereby creating a coordinated, efficient, and comprehensive service mechanism to promote medical and health care delivery to the community in the hospital service area; (Continued at Schedule O) (Continued from Part III, Line 4a) and (3) By providing a mechanism for PBMC dba MaineHealth to recruit physicians in underserved medical specialties when needed. It provides medical services without regard to the patient's ability to pay and accepts reimbursement from Medicare, Medicaid and third party payors.PBPA dissolved on March 11, 2020.
Operating model
- Revenue model
- Earned-program. 100% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 53
- Accountability: 72
- Sustainability: 16
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 3rd 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: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 66.7%; rating input score 67; 10th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0%; rating input score 33; 33rd 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: 44.1%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 4 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $9.9M in reported program spending
- Leadership: top reported pay $960K · 13 people listed · 0 of 6 pay-setting controls reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 11 filing years from 2009 to 2019
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 15 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 — Growth: Program expense growth scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.