Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,654,383

• 1f · All other contributions, gifts and grants

  $750,000

• 2a · Program service revenue: Patient Service Rev.

  total $25,086,610 · related or exempt $25,086,610

• 2b · Program service revenue: Contract Revenue

  total $2,819,131 · related or exempt $2,819,131

• 2c · Program service revenue: Bad Debt Expense

  total -$2,237,485 · related or exempt -$2,237,485

• 2d · Program service revenue: Contractual/Char. Adj.

  total -$7,202,211 · related or exempt -$7,202,211

• 3 · Investment income

  total $1,533 · excluded $1,533

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $560 · program services $560

• 5 · Compensation of officers, directors and key employees

  total $528,312 · management and general $528,312

• 7 · Other salaries and wages

  total $13,913,180 · program services $13,695,218 · management and general $217,962

• 8 · Pension plan contributions

  total $76,454 · program services $76,382 · management and general $72

• 9 · Other employee benefits

  total $1,738,388 · program services $1,680,723 · management and general $57,665

• 10 · Payroll taxes

  total $780,880 · program services $741,396 · management and general $39,484

• 11b · Fees: legal

  total $39,403 · management and general $39,403

• 11c · Fees: accounting

  total $227,358 · management and general $227,358

• 11g · Fees: other

  total $3,279,778 · program services $2,769,662 · management and general $510,116

• 12 · Advertising and promotion

  total $61,989 · program services $58,222 · management and general $3,767

• 13 · Office expenses

  total $408,819 · program services $120,399 · management and general $288,420

• 14 · Information technology

  total $477,422 · program services $445,203 · management and general $32,219

• 16 · Occupancy

  total $984,103 · program services $935,832 · management and general $48,271

• 17 · Travel

  total $44,700 · program services $37,188 · management and general $7,512

• 22 · Depreciation, depletion and amortization

  total $153,210 · program services $148,334 · management and general $4,876

• 23 · Insurance

  total $665,550 · program services $559,896 · management and general $105,654

• 24a · Other expenses: Medical Supplies

  total $1,476,602 · program services $847,820 · management and general $628,782

• 24b · Other expenses: Relocation

  total $25,161 · program services $25,161

• 24c · Other expenses: Other

  total $2,468 · program services $2,468

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,576,268 · end of year $657,737

• 2 · Savings and temporary cash investments

  beginning of year $975,706 · end of year $895,732

• 3 · Pledges and grants receivable

  beginning of year $750,000 · end of year $971,343

• 4 · Accounts receivable

  beginning of year $1,865,821 · end of year $1,881,763

• 8 · Inventories for sale or use

  beginning of year $90,883 · end of year $87,079

• 9 · Prepaid expenses and deferred charges

  beginning of year $145,437 · end of year $175,035

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

  $6,070,171

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

  $3,941,592

• 10c · Land, buildings and equipment, net

  beginning of year $960,584 · end of year $2,128,579

• 12 · Investments: other securities

  beginning of year $9,606 · end of year $9,606

• 14 · Intangible assets

  beginning of year $176,198 · end of year $876,899

• 15 · Other assets

  beginning of year $109,839 · end of year $80,572

• 17 · Accounts payable and accrued expenses

  beginning of year $954,113 · end of year $2,345,892

• 19 · Deferred revenue

  beginning of year $701,173 · end of year $0

• 25 · Other liabilities

  beginning of year $357,493 · end of year $783,266

• 27 · Net assets without donor restrictions

  beginning of year $4,897,563 · end of year $3,885,187

• 28 · Net assets with donor restrictions

  beginning of year $750,000 · end of year $750,000

The filer's explanations (Part III)

Part I, Line 7

Bonuses paid to providers are contractual agreements between the respective individuals and Pines Health Services. They are determined pursuant to the language within their respective contracts. Dr. Michaud receives a stipend with 2 payrolls per month (a total of 24 per year) for mid-level practitioners' sponsorships. He is responsible and oversees their work within his specialty. Dr. Karod receives a stipend with 2 payrolls per month (a total of 24 per year) for mid-level practitioner sponsorship. He is responsible and oversees their work within his specialty. Dr. Flynn too receives a Mid-Level Practitioner Supervision stipend for each mid-level practitioner that he oversees. He is also given a monthly stipend for his Skilled Nursing Facility Duties. Dr. Flynn also serves as the Medical Director of the Tufts/MaineMed LIC Program and is awarded a monthly stipend in recognition of the expenses incurred through this program.