Bridgton Hospital
Where you are the center
Bridgton Hospital
EIN: 01-0130427
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.
Where we work
External reviews

Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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.
What are the organization's key strategies for making this happen?
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.
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
1.11
Months of cash in 2022 info
0.3
Fringe rate in 2022 info
14%
Funding sources info
Assets & liabilities info
Financial data
Bridgton 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 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.
Created in partnership with
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
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 employeesSOURCE: IRS Form 990
Compensation data
Bridgton Hospital
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Bridgton Hospital
Board of directorsas of 05/18/2023
Board of directors data
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
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