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Bridgton Hospital

Where you are the center

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

Bridgton Hospital

EIN: 01-0130427


Mission

To provide exceptional healthcare services in a safe and trustful environment, through the expertise, commitment and compassion of our team of caregivers.

Ruling year info

1950

President and CEO

Steven G. Littleson DBA, FACHE

VP of Bridgton Hospital

Ms. Stephany Jacques

Main address

10 Hospital Dr

Bridgton, ME 04009 USA

Show more contact info

EIN

01-0130427

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

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Supporting the residents of Maine in becoming healthy, vibrant community is a responsibility that Central Maine Healthcare and Bridgton Hospital take very seriously. We provide exceptional healthcare in a safe and trusting environment through expertise, commitment and compassion of our team of caregivers. We also recognize that our responsibility also includes connecting with our community and helping community members feel empowered to improve their own health and the health of others. This means stepping outside of our hospitals and practices to listen, collaborate and plan with a diverse set of patients, local businesses, municipal leaders, youth and populations not typically engaged in healthcare.

The Maine CHNA (SACHNA) is a dynamic public-private partnership that creates shared Community Health Needs Assessment reports, engages and activated communities, and supports data-driven health improvements for Maine people.

Financials

Bridgton 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

1.11

Average of 2.50 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

0.3

Average of 5.4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

14%

Average of 18% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Bridgton Hospital

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Bridgton 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

Bridgton Hospital

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Bridgton 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 $1,275,275 $2,231,205 $4,646,224 -$20,125,595 -$6,137,783
As % of expenses 2.6% 4.8% 10.6% -43.5% -11.2%
Unrestricted surplus (deficit) after depreciation -$853,022 -$43,916 $2,509,823 -$22,314,764 -$8,015,265
As % of expenses -1.6% -0.1% 5.5% -46.1% -14.2%
Revenue composition info
Total revenue (unrestricted & restricted) $51,035,581 $47,462,422 $49,375,323 $55,206,126 $66,157,717
Total revenue, % change over prior year -5.2% -7.0% 4.0% 11.8% 19.8%
Program services revenue 98.6% 97.8% 90.9% 95.3% 96.1%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.6% 0.7% 0.7% 0.3% 0.3%
Government grants 0.0% 0.0% 4.3% 0.0% 3.7%
All other grants and contributions 0.2% 1.1% 1.0% 1.6% 0.0%
Other revenue 0.6% 0.3% 3.2% 2.8% -0.1%
Expense composition info
Total expenses before depreciation $49,647,126 $46,258,825 $43,855,644 $46,256,861 $54,587,076
Total expenses, % change over prior year -3.1% -6.8% -5.2% 5.5% 18.0%
Personnel 42.6% 59.9% 50.3% 47.2% 40.1%
Professional fees 22.8% 16.5% 26.6% 27.1% 0.0%
Occupancy 2.0% 2.2% 2.0% 1.8% 2.0%
Interest 0.6% 0.7% 0.6% 0.4% 0.3%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 31.9% 20.7% 20.5% 23.5% 57.6%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $51,775,423 $48,533,946 $45,992,045 $48,446,030 $56,464,558
One month of savings $4,137,261 $3,854,902 $3,654,637 $3,854,738 $4,548,923
Debt principal payment $147,130 $230,478 $433,485 $0 $3,842,155
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $56,059,814 $52,619,326 $50,080,167 $52,300,768 $64,855,636

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 5.6 6.5 9.6 1.9 0.3
Months of cash and investments 8.1 8.5 11.7 5.2 2.3
Months of estimated liquid unrestricted net assets 7.6 8.1 9.5 4.3 1.4
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $23,372,519 $25,142,150 $34,911,816 $7,451,829 $1,381,901
Investments $10,015,061 $7,735,672 $7,742,643 $12,551,026 $8,873,901
Receivables $4,896,321 $5,079,253 $4,931,961 $6,879,540 $6,540,085
Gross land, buildings, equipment (LBE) $41,670,015 $43,339,141 $43,696,158 $42,885,082 $43,757,982
Accumulated depreciation (as a % of LBE) 61.7% 63.5% 67.1% 70.7% 74.6%
Liabilities (as a % of assets) 22.1% 23.8% 29.6% 44.4% 49.4%
Unrestricted net assets $40,267,665 $40,223,749 $42,733,572 $20,418,808 $12,403,543
Temporarily restricted net assets $3,366,434 $1,695,734 N/A N/A N/A
Permanently restricted net assets $1,239,276 $2,168,769 N/A N/A N/A
Total restricted net assets $4,605,710 $3,864,503 $3,273,300 $3,097,932 $3,152,613
Total net assets $44,873,375 $44,088,252 $46,006,872 $23,516,740 $15,556,156

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

President and CEO

Steven G. Littleson DBA, FACHE

VP of Bridgton Hospital

Stephany Jacques

Stephany brings 15 years of nursing and leadership experience to this role as well as deep community ties as a lifelong resident of the River Valley. For more than a year, she has been serving as vice president of Nursing and Patient Care Services at Rumford Hospital. She joined Central Maine Healthcare in 2009, first as a clinical coordinator in oncology, before becoming a practice manager and a regional director of primary care and specialty practices. This direct experience with CMH’s specialty clinics at our critical access hospitals will be among Stephany’s strongest and many assets while she is serving as interim president.

Number of employees

Source: IRS Form 990

Bridgton Hospital

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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Bridgton Hospital

Highest paid employees

SOURCE: IRS Form 990

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

Bridgton 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 chair

Devore Culver

Austin Albert

Twin City Financial

Marney Chalmers

CEO, Chalmers Insurance

Shannon Gauvin

Doctor

Janet Koski

ND Paper

Jim Martin

Community Concepts, CEO

John McAnuff

Spurwink

Larry Merlis

Retired COO

Linda Pepin

Retired

David Salko, MD

Doctor

Louis SIlverman

Hicuity Health, CEO

Geoffrey Swift

Bates, VP

Hector Tarraza, MD

Doctor

Kip Webb

Doctor

Organizational demographics

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

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)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

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.