Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $519,745

• 1f · All other contributions, gifts and grants

  $141,761

• 2a · Program service revenue: Home health care srvc

  total $24,905,893 · related or exempt $24,905,893

• 3 · Investment income

  total $128,312 · excluded $128,312

• 7a · Gross sales of assets other than inventory

  securities $2,851,403

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

  securities $2,594,265

• 7c · Gain or loss

  securities $257,138

• 7d · Net gain or loss

  total $257,138 · related or exempt $257,138

• 11a · Other revenue: Other revenue

  total $168,359 · related or exempt $168,359 · excluded $0

• 11e · Other revenue, total

  $168,359

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,006,783 · management and general $1,006,783

• 7 · Other salaries and wages

  total $16,285,650 · program services $15,433,426 · management and general $599,271 · fundraising $252,953

• 8 · Pension plan contributions

  total $567,239 · program services $538,794 · management and general $28,445

• 9 · Other employee benefits

  total $2,984,949 · program services $2,713,422 · management and general $226,988 · fundraising $44,539

• 10 · Payroll taxes

  total $1,240,120 · program services $1,109,797 · management and general $112,107 · fundraising $18,216

• 11c · Fees: accounting

  total $90,250 · management and general $90,250

• 11f · Fees: investment management

  total $6,008 · management and general $6,008

• 11g · Fees: other

  total $3,661,631 · program services $3,341,333 · management and general $320,298

• 12 · Advertising and promotion

  total $2,578 · program services $1,110 · management and general $233 · fundraising $1,235

• 13 · Office expenses

  total $304,086 · program services $267,408 · management and general $27,489 · fundraising $9,189

• 14 · Information technology

  total $42,105 · program services $38,299 · management and general $3,806

• 16 · Occupancy

  total $756,397 · program services $688,019 · management and general $68,378

• 17 · Travel

  total $919,987 · program services $826,609 · management and general $83,167 · fundraising $10,211

• 19 · Conferences, conventions and meetings

  total $30,650 · program services $27,597 · management and general $2,771 · fundraising $282

• 20 · Interest

  total $12,586 · program services $11,448 · management and general $1,138

• 22 · Depreciation, depletion and amortization

  total $535,055 · program services $486,686 · management and general $48,369

• 23 · Insurance

  total $44,915 · program services $40,855 · management and general $4,060

• 24a · Other expenses: Integrated services

  total $3,350,492 · program services $3,047,608 · management and general $302,884

• 24b · Other expenses: Medical supplies

  total $1,218,658 · program services $1,218,658

• 24c · Other expenses: Member dues

  total $74,736 · program services $67,217 · management and general $6,756 · fundraising $763

• 24d · Other expenses: Provider relations

  total $500 · fundraising $500

• 24e · All other expenses

  total $13,085 · program services $11,902 · management and general $1,183

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,449,048 · end of year $723,596

• 3 · Pledges and grants receivable

  beginning of year $503,470 · end of year $112,854

• 4 · Accounts receivable

  beginning of year $3,351,452 · end of year $4,472,849

• 9 · Prepaid expenses and deferred charges

  beginning of year $44,457 · end of year $32,859

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

  $8,456,184

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

  $7,562,460

• 10c · Land, buildings and equipment, net

  beginning of year $906,663 · end of year $893,724

• 11 · Investments: publicly traded securities

  beginning of year $2,833,083 · end of year $3,290,911

• 12 · Investments: other securities

  beginning of year $2,462,760 · end of year $2,688,106

• 15 · Other assets

  beginning of year $3,229,622 · end of year $2,577,353

• 17 · Accounts payable and accrued expenses

  beginning of year $2,961,944 · end of year $2,625,523

• 19 · Deferred revenue

  beginning of year $52,413 · end of year $47,076

• 25 · Other liabilities

  beginning of year $11,024,545 · end of year $2,190,004

• 27 · Net assets without donor restrictions

  beginning of year -$1,457,040 · end of year $7,482,747

• 28 · Net assets with donor restrictions

  beginning of year $2,198,693 · end of year $2,446,902

The filer's explanations (Part III)

Part I, Line 1a

THE FORMER PRESIDENT RECEIVED AN AUTO ALLOWANCE OF $12,000 THAT WAS TREATED AS TAXABLE COMPENSATION.

Part I, Line 1b

THE AUTO ALLOWANCE HAS HISTORICALLY BEEN PROVIDED TO THE MAINEHEALTH CARE AT HOME PRESIDENT AND IS PART OF THEIR OFFER LETTER. THIS IS REVIEWED AS PART OF AN ANNUAL INDEPENDENT COMPENSATION BENCHMARK ANALYSIS PERFORMED BY AN OUTSIDE FIRM, SULLIVAN COTTER. THE COMPENSATION DECISIONS FOR THIS EMPLOYEE ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES.

Part I, Lines 4a-b

Line 4a - JILL MITCHELL, FORMER DIRECTOR - CLINICAL, RECEIVED SEVERANCE PAYMENTS TOTALING $6,920 DURING CALENDAR YEAR 2022 FROM MAINEHEALTH CARE AT HOME. Line 4b - MID COAST HEALTH MANAGEMENT CORP AND ITS RELATED ORGANIZATIONS HAVE A DEFERRED COMPENSATION ARRANGEMENT UNDER A NON-QUALIFIED DEFINED CONTRIBUTION PLAN TO PROVIDE SUPPLEMENTAL RETIREMENT BENEFITS TO CERTAIN EMPLOYEES. RANDEE REYNOLDS PARTICIPATED IN THIS PLAN AND RECEIVED $21,591 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.