GOLD2023

Rumford Hospital

Where you are the Center

Rumford, ME   |  https://www.cmhc.org
GuideStar Charity Check

Rumford Hospital

EIN: 01-0215227


Mission

To provide exceptional healthcare services in a safe and trustful environment, through the expertise, commitment and compassion of our caregivers. Vision: Safe, reliable, high-quality care of every patient, every day. Values: Compassion, Citizenship, Integrity, Excellence, Commitment

Ruling year info

1942

DBA, FACHE

Steven G. LIttleson

Interim Senior Vice President

Stephany Jacques

Main address

420 Franklin St

Rumford, ME 04276 USA

Show more contact info

EIN

01-0215227

Subject area info

Health

Hospital care

Population served info

Children and youth

Adults

NTEE code info

Hospital (General) (E22)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Affiliations

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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Primary Care

We make primary care easy and accessible to community members. We believe in providing compassionate, quality care from board certified practitioners you can trust.

Population(s) Served
Adults
Children and youth
Ethnic and racial groups

The Cancer Care Center is an integrated, multi-disciplinary program that combines a full spectrum of services and medical specialists to diagnose and treat cancer. This facility houses new linear accelerators critical for radiation therapy.

Population(s) Served

The Central Maine Heart and Vascular Institute (CMVHI) brings skilled medical specialists and innovative treatments. CMVHI provides numerous services ranging from conservative medical care and rehabilitative surgery for common, and sometimes complex heart and vascular conditions. CMVHI focuses heavily on educating the community and preventing disease before it happens.

Population(s) Served

The Orthopedic Institute of Central Maine (OICM) works collaboratively with our outpatient orthopedics practice, Central Maine Orthopedics, to ensure patients have access to skilled orthopedic specialists and a full spectrum of services and state-of-the-art surgical facilities- all close to home. OICM provides rehabilitation services including physical therapy, occupational therapy, and post-operative therapy to help patients get back to doing what they love quickly.

Population(s) Served
Adults
Children and youth
Adults
Children and youth
Adults
Children and youth

Where we work

Financials

Rumford Hospital
Fiscal year: Jul 01 - Jun 30
Financial documents
2022 Central Maine Healthcare
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.55

Average of 1.13 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

0

Average of 1.3 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

10%

Average of 19% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Rumford Hospital

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Rumford Hospital

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Rumford Hospital

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Rumford Hospital’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $416,114 $1,157,182 $4,735,199 -$3,975,981 -$1,308,349
As % of expenses 1.0% 2.8% 12.0% -9.8% -2.6%
Unrestricted surplus (deficit) after depreciation -$1,337,388 -$727,702 $2,997,494 -$5,728,791 -$2,832,877
As % of expenses -3.0% -1.7% 7.3% -13.6% -5.4%
Revenue composition info
Total revenue (unrestricted & restricted) $43,311,913 $43,050,190 $43,666,089 $46,142,304 $57,844,804
Total revenue, % change over prior year -3.5% -0.6% 1.4% 5.7% 25.4%
Program services revenue 99.3% 99.5% 98.1% 96.9% 95.2%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.3% 0.3% 0.3% 0.2% 0.2%
Government grants 0.0% 0.0% 2.6% 0.4% 4.3%
All other grants and contributions 0.1% 0.1% 0.4% 0.4% 0.0%
Other revenue 0.3% 0.1% -1.5% 2.1% 0.3%
Expense composition info
Total expenses before depreciation $42,900,054 $41,966,946 $39,564,173 $40,456,241 $51,024,584
Total expenses, % change over prior year -1.0% -2.2% -5.7% 2.3% 26.1%
Personnel 45.4% 59.1% 60.8% 49.4% 48.7%
Professional fees 20.4% 16.0% 17.3% 26.3% 16.3%
Occupancy 2.2% 2.1% 2.1% 2.1% 2.2%
Interest 0.1% 0.1% 0.1% 0.1% 0.1%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 31.9% 22.6% 19.7% 22.1% 32.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $44,653,556 $43,851,830 $41,301,878 $42,209,051 $52,549,112
One month of savings $3,575,005 $3,497,246 $3,297,014 $3,371,353 $4,252,049
Debt principal payment $61,837 $0 $109,219 $332,172 $53,816
Fixed asset additions $0 $1,938,799 $0 $0 $0
Total full costs (estimated) $48,290,398 $49,287,875 $44,708,111 $45,912,576 $56,854,977

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.6 0.9 4.6 1.1 0.0
Months of cash and investments 1.8 2.1 5.8 1.1 0.0
Months of estimated liquid unrestricted net assets 1.4 1.2 2.6 1.1 0.5
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $2,307,511 $3,300,603 $15,233,759 $3,829,876 $24,603
Investments $4,169,100 $3,899,447 $3,928,943 $0 $0
Receivables $3,846,115 $3,811,038 $4,137,598 $5,264,388 $5,498,305
Gross land, buildings, equipment (LBE) $36,502,190 $38,063,150 $38,170,011 $38,120,787 $38,449,785
Accumulated depreciation (as a % of LBE) 66.5% 67.8% 71.5% 74.9% 78.0%
Liabilities (as a % of assets) 37.1% 39.3% 46.3% 49.1% 49.1%
Unrestricted net assets $16,388,636 $15,660,934 $18,658,428 $12,929,637 $10,096,760
Temporarily restricted net assets $331,071 $337,317 N/A N/A N/A
Permanently restricted net assets $255,122 $254,241 N/A N/A N/A
Total restricted net assets $586,193 $591,558 $444,472 $310,843 $302,580
Total net assets $16,974,829 $16,252,492 $19,102,900 $13,240,480 $10,399,340

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

DBA, FACHE

Steven G. LIttleson

Interim Senior Vice President

Stephany Jacques

Number of employees

Source: IRS Form 990

Rumford Hospital

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Rumford Hospital

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Rumford Hospital

Board of directors
as of 05/18/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Devore Culver


Board co-chair

Austin Albert

Marney Chalmers

Chalmers Insurance

Shannon Gauvin, DHA, MSN, RN,

Janet Koski

ND Paper

Jim Martin

CCI, CEO

John McAnuff, CPA

Spurwink

Larry Merlis

Retired

Linda Pepin

Retired

Geoffrey Swift

Bates College

Kip Webb

Doctor

Organizational demographics

SOURCE: Self-reported; last updated 5/9/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.