Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $3,662,737

• 1f · All other contributions, gifts and grants

  $312,500

• 2a · Program service revenue: Patient Service Revenue

  total $27,169,148 · related or exempt $27,169,148

• 2b · Program service revenue: Contract Revenue

  total $1,843,288 · related or exempt $1,843,288

• 2c · Program service revenue: Bad Debt Expense

  total -$719,341 · related or exempt -$719,341

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

  total -$4,855,306 · related or exempt -$4,855,306

• 3 · Investment income

  total $3,258 · excluded $3,258

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $875 · program services $875

• 5 · Compensation of officers, directors and key employees

  total $528,243 · management and general $528,243

• 7 · Other salaries and wages

  total $14,274,225 · program services $14,061,574 · management and general $212,651

• 8 · Pension plan contributions

  total $78,052 · program services $77,993 · management and general $59

• 9 · Other employee benefits

  total $1,638,319 · program services $1,603,543 · management and general $34,776

• 10 · Payroll taxes

  total $837,926 · program services $803,168 · management and general $34,758

• 11b · Fees: legal

  total $25,898 · management and general $25,898

• 11c · Fees: accounting

  total $88,590 · management and general $88,590

• 11g · Fees: other

  total $3,554,344 · program services $2,675,927 · management and general $878,417

• 12 · Advertising and promotion

  total $50,830 · program services $50,180 · management and general $650

• 13 · Office expenses

  total $577,554 · program services $429,040 · management and general $148,514

• 14 · Information technology

  total $701,450 · program services $683,489 · management and general $17,961

• 16 · Occupancy

  total $908,178 · program services $861,964 · management and general $46,214

• 17 · Travel

  total $34,032 · program services $27,534 · management and general $6,498

• 22 · Depreciation, depletion and amortization

  total $190,790 · program services $190,790

• 23 · Insurance

  total $654,548 · program services $553,773 · management and general $100,775

• 24a · Other expenses: Medical Supplies

  total $2,713,828 · program services $2,659,890 · management and general $53,938

• 24b · Other expenses: Relocation

  total $44,671 · program services $44,671

• 24c · Other expenses: Other

  total $941 · program services $941

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $657,737 · end of year $919,804

• 2 · Savings and temporary cash investments

  beginning of year $895,732 · end of year $898,990

• 3 · Pledges and grants receivable

  beginning of year $971,343 · end of year $527,500

• 4 · Accounts receivable

  beginning of year $1,881,763 · end of year $1,878,559

• 8 · Inventories for sale or use

  beginning of year $87,079 · end of year $82,877

• 9 · Prepaid expenses and deferred charges

  beginning of year $175,035 · end of year $136,130

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

  $4,782,341

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

  $4,038,126

• 10c · Land, buildings and equipment, net

  beginning of year $2,128,579 · end of year $744,215

• 12 · Investments: other securities

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

• 14 · Intangible assets

  beginning of year $876,899 · end of year $2,156,665

• 15 · Other assets

  beginning of year $80,572 · end of year $151,711

• 17 · Accounts payable and accrued expenses

  beginning of year $2,345,892 · end of year $1,619,348

• 25 · Other liabilities

  beginning of year $783,266 · end of year $738,532

• 27 · Net assets without donor restrictions

  beginning of year $3,885,187 · end of year $4,648,177

• 28 · Net assets with donor restrictions

  beginning of year $750,000 · 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. 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.