Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $148,611

• 2a · Program service revenue: Patient services

  total $31,243,152 · related or exempt $31,243,152

• 2b · Program service revenue: Other medical services

  total $475,615 · related or exempt $475,615

• 2c · Program service revenue: Nutrition and wellness

  total $115,637 · related or exempt $115,637

• 3 · Investment income

  total $88,369 · excluded $88,369

• 7a · Gross sales of assets other than inventory

  securities $2,621,030

• 7b · Less cost or other basis and sales expenses

  securities $2,501,739

• 7c · Gain or loss

  securities $119,291

• 7d · Net gain or loss

  total $119,291 · excluded $119,291

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,761 · program services $3,761

• 5 · Compensation of officers, directors and key employees

  total $1,417,799 · program services $396,983 · management and general $1,020,816

• 7 · Other salaries and wages

  total $12,530,592 · program services $11,632,423 · management and general $898,169

• 8 · Pension plan contributions

  total $232,939 · program services $216,255 · management and general $16,684

• 9 · Other employee benefits

  total $2,453,547 · program services $2,192,812 · management and general $260,735

• 10 · Payroll taxes

  total $765,669 · program services $669,177 · management and general $96,492

• 11b · Fees: legal

  total $26,203 · management and general $26,203

• 11c · Fees: accounting

  total $74,649 · management and general $74,649

• 11f · Fees: investment management

  total $11,601 · management and general $11,601

• 11g · Fees: other

  total $7,737,941 · program services $6,250,443 · management and general $1,487,498

• 12 · Advertising and promotion

  total $6,051 · program services $6,051

• 13 · Office expenses

  total $1,003,636 · program services $960,960 · management and general $42,676

• 16 · Occupancy

  total $786,019 · program services $752,597 · management and general $33,422

• 17 · Travel

  total $48,787 · program services $46,713 · management and general $2,074

• 19 · Conferences, conventions and meetings

  total $41,222 · program services $39,469 · management and general $1,753

• 20 · Interest

  total $113,142 · management and general $113,142

• 22 · Depreciation, depletion and amortization

  total $694,429 · program services $694,429

• 23 · Insurance

  total $397,210 · program services $380,320 · management and general $16,890

• 24a · Other expenses: Med./pharm. supplies

  total $4,042,639 · program services $4,042,639

• 24b · Other expenses: Provision for bad debt

  total $1,220,215 · program services $1,220,215

• 24c · Other expenses: Medicaid Assessment Tax

  total $621,651 · program services $621,651

• 24d · Other expenses: Equipment expenses

  total $171,784 · program services $171,784

• 24e · All other expenses

  total $86,368 · program services $86,368

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $961,580 · end of year $578,484

• 2 · Savings and temporary cash investments

  beginning of year $3,074,468 · end of year $1,324,469

• 4 · Accounts receivable

  beginning of year $2,997,095 · end of year $3,817,343

• 8 · Inventories for sale or use

  beginning of year $584,921 · end of year $702,658

• 9 · Prepaid expenses and deferred charges

  beginning of year $267,174 · end of year $277,811

• 10a · Land, buildings and equipment: cost or other basis

  $25,115,363

• 10b · Land, buildings and equipment: accumulated depreciation

  $18,722,840

• 10c · Land, buildings and equipment, net

  beginning of year $4,975,814 · end of year $6,392,523

• 11 · Investments: publicly traded securities

  beginning of year $1,701,446 · end of year $1,214,325

• 12 · Investments: other securities

  beginning of year $276,422 · end of year $407,643

• 14 · Intangible assets

  beginning of year $295,615 · end of year $514,966

• 15 · Other assets

  beginning of year $446,589 · end of year $1,040,513

• 17 · Accounts payable and accrued expenses

  beginning of year $2,646,362 · end of year $5,903,831

• 23 · Secured mortgages and notes payable

  beginning of year $2,583,970 · end of year $2,476,206

• 25 · Other liabilities

  beginning of year $1,092,789 · end of year $809,078

• 27 · Net assets without donor restrictions

  beginning of year $7,958,471 · end of year $6,160,198

• 28 · Net assets with donor restrictions

  beginning of year $1,299,532 · end of year $921,422

The filer's explanations (Part III)

Form 990, Schedule J, Compensation Paid from Unrelated Organization:

Millinocket Regional Hospital contracted with Calculations, Inc., an unrelated organization, to provide CFO services during the fiscal year. Calculations, Inc. was paid $156,116 for services provided by Mellissa McAvoy, who is an officer of Calculations, Inc. and served as Board President of MRH during the filing period.