Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $401,136

• 1f · All other contributions, gifts and grants

  $3,494,686

• 1g · Noncash contributions included above

  $69,537

• 2a · Program service revenue: Patient services

  total $80,045,715 · related or exempt $80,045,715

• 2b · Program service revenue: Pharmacy

  total $1,396,737 · related or exempt $1,396,737

• 2c · Program service revenue: Cafeteria

  total $198,202 · related or exempt $198,202

• 2d · Program service revenue: Healthcare administration

  total $130,800 · related or exempt $130,800

• 3 · Investment income

  total $87,072 · excluded $87,072

• 6a · Gross rents

  real property $56,280

• 6b · Less rental expenses

  real property $37,144

• 6c · Rental income or loss

  real property $19,136

• 6d · Net rental income or loss

  total $19,136 · excluded $19,136

• 7a · Gross sales of assets other than inventory

  securities $518,967

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

  securities $531,886 · other assets $243,892

• 7c · Gain or loss

  securities -$12,919 · other assets -$243,892

• 7d · Net gain or loss

  total -$256,811 · excluded -$256,811

• 8a · Fundraising events: gross income

  $22,705

• 8a · Fundraising events: contributions included on line 1c

  $401,136

• 8b · Fundraising events: direct expenses

  $65,459

• 8c · Net income from fundraising events

  total -$42,754 · excluded -$42,754

• 9a · Gaming: gross income

  $1,666

• 9b · Gaming: direct expenses

  $833

• 9c · Net income from gaming

  total $833 · excluded $833

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $19,000 · program services $19,000

• 5 · Compensation of officers, directors and key employees

  total $1,197,164 · program services $929,933 · management and general $267,231

• 7 · Other salaries and wages

  total $36,336,328 · program services $28,147,864 · management and general $8,088,732 · fundraising $99,732

• 8 · Pension plan contributions

  total $650,381 · program services $505,203 · management and general $145,178

• 9 · Other employee benefits

  total $10,016,915 · program services $7,780,940 · management and general $2,235,975

• 10 · Payroll taxes

  total $2,506,061 · program services $1,946,658 · management and general $559,403

• 11b · Fees: legal

  total $145,123 · management and general $145,123

• 11c · Fees: accounting

  total $93,701 · management and general $93,701

• 11d · Fees: lobbying

  total $7,587 · management and general $7,587

• 11f · Fees: investment management

  total $40,431 · management and general $40,431

• 11g · Fees: other

  total $13,682,016 · program services $8,764,159 · management and general $4,751,593 · fundraising $166,264

• 12 · Advertising and promotion

  total $118,514 · program services $76,849 · management and general $41,665

• 13 · Office expenses

  total $1,159,016 · program services $720,977 · management and general $390,887 · fundraising $47,152

• 16 · Occupancy

  total $1,976,847 · program services $1,281,867 · management and general $694,980

• 17 · Travel

  total $215,236 · program services $139,568 · management and general $75,668

• 19 · Conferences, conventions and meetings

  total $452,918 · program services $293,690 · management and general $159,228

• 20 · Interest

  total $409,630 · program services $290,085 · management and general $119,545

• 22 · Depreciation, depletion and amortization

  total $2,590,227 · program services $1,834,303 · management and general $755,924

• 23 · Insurance

  total $1,044,871 · program services $677,537 · management and general $367,334

• 24a · Other expenses: Medical supplies

  total $8,099,982 · program services $5,252,355 · management and general $2,847,627

• 24b · Other expenses: Provision for bad debt

  total $5,266,965 · program services $5,266,965

• 24c · Other expenses: Hospital provider tax

  total $1,253,674 · program services $1,253,674

• 24d · Other expenses: Equipment rent./maint.

  total $721,443 · program services $467,813 · management and general $253,630

• 24e · All other expenses

  total $435,195 · program services $282,198 · management and general $152,997

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,550 · end of year $2,650

• 2 · Savings and temporary cash investments

  beginning of year $20,944,843 · end of year $11,549,974

• 3 · Pledges and grants receivable

  beginning of year $3,674,606 · end of year $2,595,320

• 4 · Accounts receivable

  beginning of year $11,075,510 · end of year $15,904,494

• 8 · Inventories for sale or use

  beginning of year $554,048 · end of year $530,674

• 9 · Prepaid expenses and deferred charges

  beginning of year $802,189 · end of year $656,444

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

  $64,317,152

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

  $37,618,296

• 10c · Land, buildings and equipment, net

  beginning of year $27,433,095 · end of year $26,698,856

• 11 · Investments: publicly traded securities

  beginning of year $14,373,544 · end of year $16,555,222

• 12 · Investments: other securities

  beginning of year $1,939,188 · end of year $1,860,117

• 13 · Investments: program-related

  beginning of year $32,269 · end of year $14,922

• 14 · Intangible assets

  end of year $513,586

• 15 · Other assets

  beginning of year $3,468,783 · end of year $3,151,387

• 17 · Accounts payable and accrued expenses

  beginning of year $9,516,201 · end of year $11,528,555

• 19 · Deferred revenue

  beginning of year $0 · end of year $3,620

• 20 · Tax-exempt bond liabilities

  beginning of year $6,894,688 · end of year $6,604,626

• 23 · Secured mortgages and notes payable

  beginning of year $2,816,972 · end of year $2,288,586

• 25 · Other liabilities

  beginning of year $12,891,810 · end of year $10,043,683

• 27 · Net assets without donor restrictions

  beginning of year $43,263,977 · end of year $39,806,734

• 28 · Net assets with donor restrictions

  beginning of year $8,916,977 · end of year $9,757,842

The filer's explanations (Part III)

Part I, Line 7

Performance-based variable compensation which is subject to review annually by a board compensation committee.

Related corporations and trusts

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

• Mount Desert Management Company

  C · Real Estate Development · ME