Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,347,413

• 1f · All other contributions, gifts and grants

  $146,803

• 2a · Program service revenue: Patient services

  total $29,513,068 · related or exempt $29,513,068

• 2b · Program service revenue: Other medical services

  total $491,966 · related or exempt $491,966

• 2c · Program service revenue: Nutrition and wellness

  total $100,088 · related or exempt $100,088

• 2d · Program service revenue: 340(b) Program

  total $64,867 · related or exempt $64,867

• 3 · Investment income

  total $105,985 · excluded $105,985

• 7a · Gross sales of assets other than inventory

  securities $462,887

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

  securities $416,913

• 7c · Gain or loss

  securities $45,974

• 7d · Net gain or loss

  total $45,974 · excluded $45,974

• 11a · Other revenue: Katahdin Shared Services

  total -$62,416 · related or exempt -$62,416

• 11e · Other revenue, total

  -$62,416

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,702 · program services $2,702

• 2 · Grants to domestic individuals

  total $1,500 · program services $1,500

• 5 · Compensation of officers, directors and key employees

  total $2,024,298 · program services $566,803 · management and general $1,457,495

• 7 · Other salaries and wages

  total $12,558,837 · program services $12,041,535 · management and general $517,302

• 8 · Pension plan contributions

  total $218,040 · program services $209,720 · management and general $8,320

• 9 · Other employee benefits

  total $1,848,729 · program services $1,441,812 · management and general $406,917

• 10 · Payroll taxes

  total $943,717 · program services $783,322 · management and general $160,395

• 11b · Fees: legal

  total $41,878 · management and general $41,878

• 11c · Fees: accounting

  total $100,876 · management and general $100,876

• 11d · Fees: lobbying

  total $2,231 · management and general $2,231

• 11f · Fees: investment management

  total $11,725 · management and general $11,725

• 11g · Fees: other

  total $5,462,223 · program services $4,659,938 · management and general $802,285

• 12 · Advertising and promotion

  total $6,639 · program services $6,639

• 13 · Office expenses

  total $1,122,466 · program services $1,078,170 · management and general $44,296

• 16 · Occupancy

  total $618,085 · program services $593,694 · management and general $24,391

• 17 · Travel

  total $41,904 · program services $40,250 · management and general $1,654

• 19 · Conferences, conventions and meetings

  total $58,393 · program services $56,089 · management and general $2,304

• 20 · Interest

  total $176,822 · management and general $176,822

• 22 · Depreciation, depletion and amortization

  total $713,655 · program services $713,655

• 23 · Insurance

  total $403,714 · program services $387,782 · management and general $15,932

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

  total $3,793,878 · program services $3,793,878

• 24b · Other expenses: Medicaid Assessment Tax

  total $630,419 · program services $630,419

• 24c · Other expenses: Provision for bad debt

  total $628,471 · program services $628,471

• 24d · Other expenses: Equipment expenses

  total $194,763 · program services $194,763

• 24e · All other expenses

  total $119,888 · program services $119,784 · management and general $104

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $450,161 · end of year $961,580

• 2 · Savings and temporary cash investments

  beginning of year $6,074,389 · end of year $3,074,468

• 4 · Accounts receivable

  beginning of year $3,158,835 · end of year $2,997,095

• 8 · Inventories for sale or use

  beginning of year $742,139 · end of year $584,921

• 9 · Prepaid expenses and deferred charges

  beginning of year $357,282 · end of year $267,174

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

  $23,004,720

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

  $18,028,906

• 10c · Land, buildings and equipment, net

  beginning of year $5,326,259 · end of year $4,975,814

• 11 · Investments: publicly traded securities

  beginning of year $1,690,494 · end of year $1,701,446

• 12 · Investments: other securities

  beginning of year $130,798 · end of year $276,422

• 13 · Investments: program-related

  beginning of year $76,343

• 14 · Intangible assets

  end of year $295,615

• 15 · Other assets

  beginning of year $480,000 · end of year $446,589

• 17 · Accounts payable and accrued expenses

  beginning of year $3,072,483 · end of year $2,646,362

• 19 · Deferred revenue

  beginning of year $279,973 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $143,507 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $3,311,335 · end of year $2,583,970

• 25 · Other liabilities

  beginning of year $2,544,666 · end of year $1,092,789

• 27 · Net assets without donor restrictions

  beginning of year $8,886,059 · end of year $7,958,471

• 28 · Net assets with donor restrictions

  beginning of year $248,677 · end of year $1,299,532

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 $162,417 for services provided by Mellissa McAvoy, who is an officer of Calculations, Inc. and served as Board President of MRH during the filing period.