Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $508,193

• 1f · All other contributions, gifts and grants

  $80,731

• 2a · Program service revenue: Patient Services

  total $46,194,507 · related or exempt $46,194,507

• 2b · Program service revenue: Other Revenue

  total $1,191,186 · related or exempt $1,141,888 · excluded $49,298

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

  total -$20,687,936 · related or exempt -$20,687,936

• 3 · Investment income

  total $86,579 · excluded $86,579

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $10,642,566 · program services $9,064,133 · management and general $1,578,433

• 9 · Other employee benefits

  total $1,203,802 · program services $1,019,159 · management and general $184,643

• 10 · Payroll taxes

  total $766,327 · program services $628,388 · management and general $137,939

• 11b · Fees: legal

  total $6,787 · management and general $6,787

• 11c · Fees: accounting

  total $83,245 · management and general $83,245

• 11g · Fees: other

  total $8,460,658 · program services $7,398,451 · management and general $1,062,207

• 12 · Advertising and promotion

  total $37,087 · management and general $37,087

• 13 · Office expenses

  total $72,568 · program services $20,119 · management and general $52,449

• 16 · Occupancy

  total $1,481,683 · program services $1,053,120 · management and general $428,563

• 17 · Travel

  total $10,226 · program services $8,344 · management and general $1,882

• 20 · Interest

  total $200,603 · program services $200,603

• 22 · Depreciation, depletion and amortization

  total $618,995 · program services $618,995

• 23 · Insurance

  total $325,985 · program services $296,904 · management and general $29,081

• 24a · Other expenses: Supplies

  total $1,850,512 · program services $1,830,238 · management and general $20,274

• 24b · Other expenses: Service Provider Tax

  total $613,854 · program services $613,854

• 24c · Other expenses: Miscellaneous Expense

  total $591,090 · program services $31,661 · management and general $559,429

• 24d · Other expenses: Dues and Subscriptions

  total $177,123 · program services $80,671 · management and general $96,452

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $349,305 · end of year $430,029

• 2 · Savings and temporary cash investments

  beginning of year $4,453,864 · end of year $4,837,572

• 4 · Accounts receivable

  beginning of year $1,464,567 · end of year $1,234,253

• 8 · Inventories for sale or use

  beginning of year $313,149 · end of year $352,801

• 9 · Prepaid expenses and deferred charges

  beginning of year $244,419 · end of year $205,787

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

  $7,635,597

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

  $1,177,931

• 10c · Land, buildings and equipment, net

  beginning of year $5,947,135 · end of year $6,457,666

• 11 · Investments: publicly traded securities

  beginning of year $37,725

• 15 · Other assets

  beginning of year $1,114,544 · end of year $602,637

• 17 · Accounts payable and accrued expenses

  beginning of year $2,475,549 · end of year $2,549,674

• 23 · Secured mortgages and notes payable

  beginning of year $7,392,788 · end of year $7,469,455

• 25 · Other liabilities

  beginning of year $184,904 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $3,833,742 · end of year $4,101,616

• 28 · Net assets with donor restrictions

  beginning of year $37,725 · end of year $0

The filer's explanations (Part III)

Part I, Line 3

The Organization's CEO is compensated by Down East Community Hospital, a related organization. The Hospital uses the following to establish the compensation for the CEO: 1. Compensation committee 2. Written employment contract 3. Compensation survey or study 4. Approval by the board or compensation committee

Part I, Line 7

Physician bonuses are based on three categories: Retention, RVU, or minimum base salary levels.