Waldo County General Hospital

Nonprofit profile at a glance

EIN
010177170
IRS 990 coverage
2009–2018
Forms available
Form 990 2018
Location
Belfast, ME, USA
Phone
2075054378
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals

Reported finances

Revenue
$27,810,737
Expenses
$24,734,617
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • Elizabeth Connolly DO (Medical Staff President - WCGH)
  • Stephanie Lash MD (Medical Staff President - PBMC)
  • Lee Woodward Jr (President)
  • Carole Brand (Vice President)
  • Mark Fourre MD (CEO)

Highest reported compensation

  • Owen Nelson MD (Physician): $566,465 total reported compensation
  • Daniel Hebert MD (Medical Director): $525,692 total reported compensation
  • Karen Miller MD (Physician ENT): $516,220 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See Schedule O

What it reported doing in 2018

Waldo County General Hospital provides quality and affordable health care services to improve the health and well being of the communities it serves, regardless of the patient's ability to pay. A broad spectrum of services are provided including hospital acute inpatient care; ancillary outpatient diagnostic services including physical therapy, speech, audiology, sleep and respiratory therapy, oncology clinics, emergency services, inpatient and outpatient care, inpatient hospice, and surgical inpatient and outpatient services. The hospital provided 1,567 days of adult, newborn, swing bed, and hospice inpatient care, and 15,059 outpatient visits including 41,598 outpatient procedures and exams.

Operating model

Revenue model
Earned-program. 93% 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 the required major-donor schedule is missing or incomplete.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 53
  • Accountability: 76
  • Sustainability: 36
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.1%; rating input score 83
  • Program expense ratio: 93.1%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 14th 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: 11.1%; rating input score 76; 76th 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: 14.9%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -6.5% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: 0.4% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 83.1% of revenue deployed · 93.1% of spending went to programs
  • Governance: 15 of 20 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $23M in reported program spending
  • Leadership: top reported pay $566K · 27 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $168K reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2009 to 2018
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 9 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.