Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,124,340

• 1f · All other contributions, gifts and grants

  $50,000

• 2a · Program service revenue: Patient Service Revenu

  total $4,556,805 · related or exempt $4,556,805

• 2b · Program service revenue: Contract Service Reven

  total $125,082 · related or exempt $125,082

• 2c · Program service revenue: Misc Patient Services

  total $108,516 · related or exempt $108,516

• 3 · Investment income

  total $34,800 · excluded $34,800

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

  other assets $17,128

• 7c · Gain or loss

  other assets -$17,128

• 7d · Net gain or loss

  total -$17,128 · excluded -$17,128

• 11a · Other revenue: Insurance Proceeds

  total $185,796 · excluded $185,796

• 11e · Other revenue, total

  $185,796

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $89,624 · program services $89,624

• 5 · Compensation of officers, directors and key employees

  total $276,783 · management and general $276,783

• 7 · Other salaries and wages

  total $2,873,590 · program services $2,764,179 · management and general $109,411

• 8 · Pension plan contributions

  total $74,691 · program services $67,589 · management and general $7,102

• 9 · Other employee benefits

  total $360,169 · program services $316,967 · management and general $43,202

• 10 · Payroll taxes

  total $236,189 · program services $207,107 · management and general $29,082

• 11b · Fees: legal

  total $1,520 · management and general $1,520

• 11c · Fees: accounting

  total $47,721 · management and general $47,721

• 11g · Fees: other

  total $995,638 · program services $898,954 · management and general $96,684

• 12 · Advertising and promotion

  total $7,857 · program services $6,948 · management and general $909

• 13 · Office expenses

  total $32,303 · program services $28,564 · management and general $3,739

• 16 · Occupancy

  total $146,382 · program services $126,620 · management and general $19,762

• 17 · Travel

  total $100,538 · program services $88,902 · management and general $11,636

• 22 · Depreciation, depletion and amortization

  total $158,952 · program services $137,493 · management and general $21,459

• 23 · Insurance

  total $37,065 · program services $32,775 · management and general $4,290

• 24a · Other expenses: Supplies

  total $446,845 · program services $446,845

• 24b · Other expenses: Other Expenses

  total $87,898 · program services $77,725 · management and general $10,173

• 24c · Other expenses: Equipment & Maintenance

  total $29,219 · program services $25,837 · management and general $3,382

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $314,402 · end of year $324,774

• 2 · Savings and temporary cash investments

  beginning of year $3,665,912 · end of year $4,847,162

• 3 · Pledges and grants receivable

  beginning of year $118,192 · end of year $134,324

• 4 · Accounts receivable

  beginning of year $471,036 · end of year $334,775

• 9 · Prepaid expenses and deferred charges

  beginning of year $75,407 · end of year $95,462

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

  $4,709,192

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

  $3,293,215

• 10c · Land, buildings and equipment, net

  beginning of year $1,243,328 · end of year $1,415,977

• 15 · Other assets

  beginning of year $14,039 · end of year $22,917

• 17 · Accounts payable and accrued expenses

  beginning of year $535,087 · end of year $615,104

• 19 · Deferred revenue

  beginning of year $47,953 · end of year $75,784

• 25 · Other liabilities

  beginning of year $17,472 · end of year $17,472

• 27 · Net assets without donor restrictions

  beginning of year $5,301,804 · end of year $6,417,031

• 28 · Net assets with donor restrictions

  end of year $50,000

The filer's explanations (Part III)

Part I, Line 7

During the calendar year 2023, Christine Moulton received a $11,700 bonus based on productivity that was approved by the board.

Form 990, Part VII, Line 5:

Regional Medical Center at Lubec, Inc. paid Mankin Consulting, LLC, an unrelated organization, for services provided by Rebecca Mankin. Regional Medical Center at Lubec, Inc. is not able to determine the compensation paid to Rebecca Mankin, only the amount paid to Mankin Consulting, LLC.