Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $3,076,898

• 1f · All other contributions, gifts and grants

  $500,000

• 2a · Program service revenue: Net Patient Service Revenue

  total $21,265,089 · related or exempt $21,265,089

• 2b · Program service revenue: Contract Revenue

  total $2,148,278 · related or exempt $2,148,278

• 3 · Investment income

  total $23,028 · excluded $23,028

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $477,995 · management and general $477,995

• 7 · Other salaries and wages

  total $14,803,835 · program services $14,499,428 · management and general $304,407

• 8 · Pension plan contributions

  total $84,324 · program services $83,390 · management and general $934

• 9 · Other employee benefits

  total $1,488,300 · program services $1,450,266 · management and general $38,034

• 10 · Payroll taxes

  total $901,718 · program services $856,696 · management and general $45,022

• 11b · Fees: legal

  total $57,875 · management and general $57,875

• 11c · Fees: accounting

  total $64,671 · management and general $64,671

• 11g · Fees: other

  total $4,563,644 · program services $3,818,406 · management and general $745,238

• 12 · Advertising and promotion

  total $55,541 · program services $51,293 · management and general $4,248

• 13 · Office expenses

  total $457,379 · program services $173,549 · management and general $283,830

• 14 · Information technology

  total $665,839 · program services $657,979 · management and general $7,860

• 16 · Occupancy

  total $952,081 · program services $877,596 · management and general $74,485

• 17 · Travel

  total $47,949 · program services $39,271 · management and general $8,678

• 22 · Depreciation, depletion and amortization

  total $277,671 · program services $267,293 · management and general $10,378

• 23 · Insurance

  total $717,325 · program services $607,344 · management and general $109,981

• 24a · Other expenses: Medical Supplies

  total $3,042,504 · program services $3,008,511 · management and general $33,993

• 24b · Other expenses: Relocation

  total $15,239 · program services $15,239

• 24c · Other expenses: Scrapped Fixed Assets

  total $11,804 · management and general $11,804

• 24d · Other expenses: Other

  total $628 · program services $628

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,025 · end of year $925

• 2 · Savings and temporary cash investments

  beginning of year $1,817,769 · end of year $1,099,327

• 3 · Pledges and grants receivable

  beginning of year $527,500 · end of year $500,000

• 4 · Accounts receivable

  beginning of year $1,878,559 · end of year $1,640,261

• 8 · Inventories for sale or use

  beginning of year $82,877 · end of year $84,359

• 9 · Prepaid expenses and deferred charges

  beginning of year $136,130 · end of year $99,843

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

  $5,098,331

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

  $4,128,260

• 10c · Land, buildings and equipment, net

  beginning of year $744,215 · end of year $970,071

• 12 · Investments: other securities

  beginning of year $9,606 · end of year $9,606

• 14 · Intangible assets

  beginning of year $2,156,665 · end of year $1,927,501

• 15 · Other assets

  beginning of year $151,711 · end of year $108,484

• 17 · Accounts payable and accrued expenses

  beginning of year $1,619,348 · end of year $2,284,744

• 25 · Other liabilities

  beginning of year $738,532 · end of year $680,485

• 27 · Net assets without donor restrictions

  beginning of year $4,648,177 · end of year $2,975,148

• 28 · Net assets with donor restrictions

  beginning of year $500,000 · end of year $500,000

The filer's explanations (Part III)

Part I, Line 7

Bonuses paid to providers are contractual agreements between the respective individuals and Pines Health Services. They are determined pursuant to the language within their respective contracts. Dr. Michaud receives a stipend with 2 payrolls per month (a total of 24 per year) for mid-level practitioners' sponsorships. He is responsible and oversees their work within his specialty. Dr. Karod receives a stipend with 2 payrolls per month (a total of 24 per year) for mid-level practitioner sponsorship. He is responsible and oversees their work within his specialty. In 2024, we restructured the department and replaced the mid-level FNP with an RN. As a result, Dr. Karod no longer receives this stipend. He did receive a total of 15 for 2024, however this will not continue moving forward. Dr. Flynn too receives a Mid-Level Practitioner Supervision stipend for each mid-level practitioner that he oversees. He is also given a monthly stipend for his Skilled Nursing Facility Duties. Dr. Flynn also serves as the Medical Director of the Tufts/MaineMed LIC Program and is awarded a monthly stipend in recognition of the expenses incurred through this program. Dr. Vagia receives a stipend with 2 payroll per month (a total of 24 per year) for mid-level practitioner sponsorship. She is also given an annual stipend for $20,000 to serve as the Medical Director for the Jefferson Cary Cancer Clinic and Hematology/Oncology services. This is broken down to pay each pay period (a total of 26 per year).