Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $467,715

• 2a · Program service revenue: Patient Services

  total $51,551,988 · related or exempt $51,551,988

• 2b · Program service revenue: Other Revenue

  total $1,417,038 · related or exempt $1,347,998 · excluded $69,040

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

  total -$24,128,439 · related or exempt -$24,128,439

• 3 · Investment income

  total $164,260 · excluded $164,260

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $12,521,585 · program services $10,823,648 · management and general $1,697,937

• 9 · Other employee benefits

  total $1,670,890 · program services $1,436,965 · management and general $233,925

• 10 · Payroll taxes

  total $864,176 · program services $743,191 · management and general $120,985

• 11b · Fees: legal

  total $43,450 · management and general $43,450

• 11c · Fees: accounting

  total $64,700 · management and general $64,700

• 11g · Fees: other

  total $7,000,734 · program services $5,777,431 · management and general $1,223,303

• 12 · Advertising and promotion

  total $44,618 · management and general $44,618

• 13 · Office expenses

  total $80,756 · program services $18,447 · management and general $62,309

• 16 · Occupancy

  total $1,433,765 · program services $1,005,929 · management and general $427,836

• 17 · Travel

  total $7,252 · program services $6,611 · management and general $641

• 20 · Interest

  total $188,250 · program services $188,250

• 22 · Depreciation, depletion and amortization

  total $731,701 · program services $731,701

• 23 · Insurance

  total $403,369 · program services $373,492 · management and general $29,877

• 24a · Other expenses: Supplies

  total $2,221,747 · program services $2,200,445 · management and general $21,302

• 24b · Other expenses: Service Provider Tax

  total $576,526 · program services $576,526

• 24c · Other expenses: Miscellaneous Expense

  total $231,044 · program services $60,811 · management and general $170,233

• 24d · Other expenses: Dues and Subscriptions

  total $218,272 · program services $93,956 · management and general $124,316

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,200 · end of year $1,200

• 2 · Savings and temporary cash investments

  beginning of year $5,266,401 · end of year $5,507,453

• 4 · Accounts receivable

  beginning of year $1,234,253 · end of year $1,089,093

• 8 · Inventories for sale or use

  beginning of year $352,801 · end of year $421,825

• 9 · Prepaid expenses and deferred charges

  beginning of year $205,787 · end of year $225,044

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

  $8,263,199

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

  $1,909,633

• 10c · Land, buildings and equipment, net

  beginning of year $6,457,666 · end of year $6,353,566

• 14 · Intangible assets

  beginning of year $0 · end of year $322,728

• 15 · Other assets

  beginning of year $602,637 · end of year $1,363,689

• 17 · Accounts payable and accrued expenses

  beginning of year $2,549,674 · end of year $2,700,914

• 23 · Secured mortgages and notes payable

  beginning of year $7,469,455 · end of year $6,989,613

• 25 · Other liabilities

  beginning of year $0 · end of year $322,728

• 27 · Net assets without donor restrictions

  beginning of year $4,101,616 · end of year $4,834,627

• 28 · Net assets with donor restrictions

  end of year $436,716

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Down East Community Condominium Association

  C · Management Services · ME