Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $268,036

• 2a · Program service revenue: Lab test revenue

  total $103,237,172 · related or exempt $93,607,198 · unrelated business $9,629,974

• 3 · Investment income

  total $4,242,631 · excluded $4,242,631

• 7a · Gross sales of assets other than inventory

  securities $182,506,660 · other assets $76,920

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

  securities $184,481,294 · other assets $92,212

• 7c · Gain or loss

  securities -$1,974,634 · other assets -$15,292

• 7d · Net gain or loss

  total -$1,989,926 · related or exempt -$1,989,926

• 11a · Other revenue: Miscellaneous

  total $1,548,582 · related or exempt $1,548,582

• 11e · Other revenue, total

  $1,548,582

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,450 · program services $2,450

• 5 · Compensation of officers, directors and key employees

  total $1,108,240 · management and general $1,108,240

• 7 · Other salaries and wages

  total $35,027,250 · program services $33,829,646 · management and general $1,197,604

• 8 · Pension plan contributions

  total $1,313,125 · program services $1,278,056 · management and general $35,069

• 9 · Other employee benefits

  total $6,379,925 · program services $6,036,428 · management and general $343,497

• 10 · Payroll taxes

  total $2,557,138 · program services $2,400,518 · management and general $156,620

• 11b · Fees: legal

  total $17,441 · management and general $17,441

• 11g · Fees: other

  total $5,719,959 · program services $4,523,653 · management and general $1,196,306

• 12 · Advertising and promotion

  total $22,301 · management and general $22,301

• 13 · Office expenses

  total $3,407,187 · program services $3,198,504 · management and general $208,683

• 14 · Information technology

  total $609,052 · program services $571,749 · management and general $37,303

• 16 · Occupancy

  total $2,173,634 · program services $2,040,503 · management and general $133,131

• 17 · Travel

  total $246,026 · program services $230,957 · management and general $15,069

• 19 · Conferences, conventions and meetings

  total $108,057 · program services $4,646 · management and general $103,411

• 20 · Interest

  total $25,933 · management and general $25,933

• 22 · Depreciation, depletion and amortization

  total $1,614,506 · program services $1,515,621 · management and general $98,885

• 23 · Insurance

  total $128,933 · management and general $128,933

• 24a · Other expenses: Taxes - UBI

  total $189,171 · program services $189,171

• 24b · Other expenses: Medical supplies

  total $20,107,689 · program services $20,107,689

• 24c · Other expenses: Reference labs

  total $8,550,108 · program services $8,550,108

• 24d · Other expenses: Integrated services

  total $8,200,625 · program services $7,698,353 · management and general $502,272

• 24e · All other expenses

  total $1,333,056 · program services $1,300,365 · management and general $32,691

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $16,346 · end of year $5,351

• 2 · Savings and temporary cash investments

  beginning of year $16,067,854 · end of year $18,289,541

• 3 · Pledges and grants receivable

  beginning of year $19,800 · end of year $0

• 4 · Accounts receivable

  beginning of year $917,158 · end of year $1,033,320

• 8 · Inventories for sale or use

  beginning of year $2,965,758 · end of year $2,749,827

• 9 · Prepaid expenses and deferred charges

  beginning of year $503,852 · end of year $550,585

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

  $16,758,960

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

  $11,181,505

• 10c · Land, buildings and equipment, net

  beginning of year $5,030,614 · end of year $5,577,455

• 11 · Investments: publicly traded securities

  beginning of year $89,834,256 · end of year $95,824,278

• 15 · Other assets

  beginning of year $12,583,707 · end of year $10,545,288

• 17 · Accounts payable and accrued expenses

  beginning of year $11,520,233 · end of year $10,242,808

• 25 · Other liabilities

  beginning of year $4,313,915 · end of year $3,070,353

• 27 · Net assets without donor restrictions

  beginning of year $112,105,197 · end of year $121,262,484

The filer's explanations (Part III)

Part I, Lines 4a-b

PENELOPE ST. LOUIS, FORMER AVP - PAYOR CONTRACTING/FORMER BOARD SECRETARY, RECEIVED SEVERANCE PAYMENTS TOTALING $56,572 DURING CALENDAR YEAR 2022 FROM MAINEHEALTH. MID COAST HEALTH MANAGEMENT CORP AND ITS RELATED ORGS HAVE A DEFERRED COMPENSATION ARRANGEMENT UNDER A NON-QUALIFIED DEFINED CONTRIBUTION PLAN TO PROVIDE SUPPLEMENTAL RETIREMENT BENEFITS TO CERTAIN EMPLOYEES. JOE GRANT PARTICIPATED IN THIS PLAN AND RECEIVED $14,752 FROM MID COAST HEALTH MANAGEMENT CORP & SUBS. THIS INDIVIDUAL'S NON-QUALIFIED PLAN CONTRIBUTIONS ARE INCLUDED IN THE FIGURES REPORTED ON SCHEDULE J, PART II, COLUMN B(iii).

Part I, Line 7

MAINEHEALTH ESTABLISHED A PERFORMANCE INCENTIVE PLAN (THE PLAN) TO ENCOURAGE AND REWARD PLAN PARTICIPANTS FOR ACHIEVING DEFINED PERFORMANCE GOALS THAT ARE SUPPORTIVE OF MAINEHEALTH'S MISSION, STRATEGIC INITIATIVES, AND OPERATING OBJECTIVES. THE PLAN IS ADMINISTERED BY THE MAINEHEALTH COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.