Rumford Hospital
Where you are the Center
Rumford Hospital
EIN: 01-0215227
as of November 2023
as of November 13, 2023
Programs and results
What we aim to solve
Our programs
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.
Cancer Care
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.
Heart Health
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.
Orthopedics
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.
Where we work
External reviews

Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
0.55
Months of cash in 2022 info
0
Fringe rate in 2022 info
10%
Funding sources info
Assets & liabilities info
Financial data
Rumford Hospital
Balance sheetFiscal Year: Jul 01 - Jun 30
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: Jul 01 - Jun 30
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
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 employeesSOURCE: IRS Form 990
Compensation data
Rumford Hospital
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Rumford Hospital
Board of directorsas of 05/18/2023
Board of directors data
Devore Culver
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
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:
The organization's co-leader identifies as:
Race & ethnicity
No data
Gender identity
No data
No data
Sexual orientation
No data
Disability
No data