Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,836,907

• 1f · All other contributions, gifts and grants

  $34,729

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $58,279,537 · related or exempt $58,279,537

• 3 · Investment income

  total $204,538 · excluded $204,538

• 6a · Gross rents

  real property $6,562

• 6b · Less rental expenses

  real property $9,750

• 6c · Rental income or loss

  real property -$3,188

• 6d · Net rental income or loss

  total -$3,188 · related or exempt -$3,188

• 7a · Gross sales of assets other than inventory

  securities $1,101,612

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

  securities $1,184,493

• 7c · Gain or loss

  securities -$82,881

• 7d · Net gain or loss

  total -$82,881 · excluded -$82,881

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $23,170,293 · program services $18,999,640 · management and general $4,170,653

• 8 · Pension plan contributions

  total $521,059 · program services $427,268 · management and general $93,791

• 9 · Other employee benefits

  total $1,693,368 · program services $1,388,562 · management and general $304,806

• 10 · Payroll taxes

  total $1,060,843 · program services $869,891 · management and general $190,952

• 11g · Fees: other

  total $7,332,953 · program services $5,719,703 · management and general $1,613,250

• 13 · Office expenses

  total $767,541 · program services $598,682 · management and general $168,859

• 14 · Information technology

  total $30,075 · program services $23,458 · management and general $6,617

• 16 · Occupancy

  total $1,064,351 · program services $830,194 · management and general $234,157

• 17 · Travel

  total $40,357 · program services $31,478 · management and general $8,879

• 19 · Conferences, conventions and meetings

  total $3,000 · program services $2,340 · management and general $660

• 20 · Interest

  total $18,556 · program services $6,495 · management and general $12,061

• 22 · Depreciation, depletion and amortization

  total $1,384,362 · program services $1,218,239 · management and general $166,123

• 23 · Insurance

  total $1,225,706 · program services $956,051 · management and general $269,655

• 24a · Other expenses: MEDICAL SUPPLIES

  total $9,357,419 · program services $9,357,419

• 24b · Other expenses: BAD DEBT EXPENSE

  total $4,443,564 · program services $4,443,564

• 24c · Other expenses: MEDICARE TAX EXPENSE

  total $739,974 · program services $739,974

• 24d · Other expenses: BED RENTAL

  total $90,049 · program services $90,049

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $24,603 · end of year $20,845

• 4 · Accounts receivable

  beginning of year $5,498,305 · end of year $7,787,477

• 8 · Inventories for sale or use

  beginning of year $691,980 · end of year $684,165

• 9 · Prepaid expenses and deferred charges

  beginning of year $330,380 · end of year $367,992

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

  $39,005,047

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

  $31,099,298

• 10c · Land, buildings and equipment, net

  beginning of year $8,448,393 · end of year $7,905,749

• 14 · Intangible assets

  beginning of year $35,189 · end of year $0

• 15 · Other assets

  beginning of year $5,409,578 · end of year $5,405,609

• 17 · Accounts payable and accrued expenses

  beginning of year $8,556,085 · end of year $9,276,214

• 19 · Deferred revenue

  beginning of year $261,572 · end of year $79,574

• 23 · Secured mortgages and notes payable

  beginning of year $440,725 · end of year $400,100

• 25 · Other liabilities

  beginning of year $780,706 · end of year $831,919

• 27 · Net assets without donor restrictions

  beginning of year $10,096,760 · end of year $11,288,054

• 28 · Net assets with donor restrictions

  beginning of year $302,580 · end of year $295,976

The filer's explanations (Part III)

PART I, LINE 3

CEO COMPENSATION: THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT IS DETERMINED BY THE PARENT CORPORATION'S BOARD OF DIRECTORS' EXECUTIVE COMPENSATION COMMITTEE USING THE FOLLOWING: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINES 4A-B

PETER WRIGHT RECEIVED A SEVERANCE PAYMENT $15,085 BETWEEN NOVEMBER 2022 AND FEBRUARY 2023. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: A PARTICIPANT'S ENTITLEMENT TO BENEFITS WILL VEST ON THE PARTICIPANT'S VESTING DATE PROVIDED THE PARTICIPANT HAS REMAINED IN CONTINUOUS EMPLOYMENT IN THE SAME POSITION WHILE PARTICIPATING IN THIS PLAN. A PARTICIPANT WILL HAVE ONLY ONE VESTING DATE FOR ALL ELECTIVE DEFERRALS AND OTHER PLAN CONTRIBUTIONS MADE ON THE PARTICIPANT'S BEHALF DURING ALL PLAN YEARS. A PARTICIPANT'S ENTITLEMENT TO BENEFITS WILL ALSO VEST ( A) IF THE PARTICIPANT DIES WHILE STILL EMPLOYED BY THE EMPLOYER, ( B) IF THE PARTICIPANT'S EMPLOYMENT TERMINATES DUE TO TOTAL DISABILITY, OR ( C) IF THE EMPLOYER TERMINATES THE PARTICIPANTS EMPLOYMENT FOR ANY REASON OTHER THAN FOR CAUSE, ANY PORTION OF THE PARTICIPANT'S ENTITLEMENT BENEFITS THAT IS NOT INCLUDING ELECTIVE DEFERRALS, WILL BE FORFEITED. THE EMPLOYER WILL DISTRIBUTE A PARTICIPANT'S BENEFITS UNDER THE PLAN AS SOON AS PRACTICABLE AFTER THE PARTICIPANT'S ENTITLEMENT BECOMES VESTED.

PART I, LINE 7

BONUSES ARE BASED ON PERFORMANCE MEASURES FOR WHICH THERE IS BOARD DISCRETION.

Related corporations and trusts

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

• CENTRAL MAINE HEALTH VENTURES INC

  C · HEALTHCARE · ME

• CWM INSURANCE LTD

  C · INSURANCE · CJ

• CENTRAL MAINE ACO

  C · ACCOUNTABLE CARE · ME