PENOBSCOT BAY MEDICAL CENTER Charity Report

Tax-exempt status may be revoked

PENOBSCOT BAY MEDICAL CENTER

EIN 01-0285286 · Textile MillsT

What they do

Penobscot Bay Medical Center (PBMC) is An Acute Care Hospital That Offers Inpatient and Outpatient Care, Diagnostic, Therapeutic and Rehabilitative Services, Patient and Community Education, and A Full Range of Specialty Services Through The Emergency Department, Special Care Unit, Surgical Services Department, Obstetrics and Gynecology Department, and The Psychiatric Addiction & Recovery Center.

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2018The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.62%of revenue went to mission work95.5% of expenses · Program services

$95.91spent for every $100 of revenueRevenue covered expenses this year.

4.29%of revenue went to management and office costs4.5% of expenses

0.1%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $495,153 for MARK FOURRE MD (CEO). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2018

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$35,642,137

Mission workProgram services$32,655,81891.62% of revenue95.5% of expenses

ManagementOffice and general costs$1,528,5844.29% of revenue4.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,457,7354.09% of revenueShown in gray on the chart

Total expenses$34,184,40295.91% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2018CurrentExpense mix: 95.5% mission · 4.5% management · 0.0% fundraisingTotal expenses: 95.91% of revenue

2017Expense mix: 95.5% mission · 4.5% management · 0.0% fundraisingTotal expenses: 98.90% of revenue

2016Expense mix: 93.6% mission · 6.4% management · 0.0% fundraisingTotal expenses: 104.42% of revenue

2015Expense mix: 92.5% mission · 7.0% management · 0.5% fundraisingTotal expenses: 107.92% of revenue

Money in and money out

Revenue$35,642,137

Expenses$34,184,402

Annual surplus $1,457,735 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$32,655,818 · 95.5% of expenses

Management and office costs$1,528,584 · 4.5% of expenses

See all reported dollar amounts

Revenue$35,642,137

Expenses$34,184,402

Income$35,642,137

Contributions$46,068

Mission work (program services)$32,655,818

Management and general$1,528,584

Executive compensation (total)$337,847

Stocks and bonds$8,893,793

Accounting fees$47,128

People

Leadership and board

Tax year 2018

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MARK FOURRE MDCEO · 50 hrs/week $495,153Base $461,980 · Other $33,173

MARK EGGENA MDPHYSICIAN · 50 hrs/week $363,482Base $320,873 · Other $42,609

JOHN NICOLET MDED PHYSICIAN · 50 hrs/week $357,476Base $319,328 · Other $38,148

MARK MCALLISTER MDED PHYSICIAN · 50 hrs/week $327,685Base $288,687 · Other $38,998

CHRISTOPHER MICHALAKES MDED MEDICAL DIRECTOR · 50 hrs/week $309,423Base $263,783 · Other $45,640

COMFORT HINES MDED PHYSICIAN · 50 hrs/week $308,118Base $277,034 · Other $31,084

CORNELIUS YETMAN DOTRUSTEE · 1 hrs/week $41,396Base · Other $41,396

ELIZABETH CONNELLY DOMEDICAL STAFF PRESIDENT - WCGH · 1 hrs/week $35,537Base · Other $35,537

LINDA DRINKWATERCFO $35,266Base · Other $35,266

JENNIFER MCKENNA MDTRUSTEE · 1 hrs/week $31,531Base · Other $31,531

DEBORAH PEABODY MDTRUSTEE · 1 hrs/week $27,611Base · Other $27,611

STEPHANIE LASH MDMEDICAL STAFF PRESIDENT - PBMC · 1 hrs/week $26,532Base · Other $26,532

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

MARK FOURRE MDCEO

MARK EGGENA MDPHYSICIAN

JOHN NICOLET MDED PHYSICIAN

MARK MCALLISTER MDED PHYSICIAN

CHRISTOPHER MICHALAKES MDED MEDICAL DIRECTOR

COMFORT HINES MDED PHYSICIAN

CORNELIUS YETMAN DOTRUSTEE

ELIZABETH CONNELLY DOMEDICAL STAFF PRESIDENT - WCGH

LINDA DRINKWATERCFO

JENNIFER MCKENNA MDTRUSTEE

DEBORAH PEABODY MDTRUSTEE

STEPHANIE LASH MDMEDICAL STAFF PRESIDENT - PBMC

PAUL KLAINER MDTRUSTEE

WILLIAM LAMBIE MDTRUSTEE

STEPHEN HANSCOMSECRETARY

SYRENA GATEWOODTRUSTEE

ANN HOOPERTRUSTEE

LEE WOODWARD JRPRESIDENT

LEE WEBBTRUSTEE

JOANNE BILLINGTONTRUSTEE

JB TURNERTRUSTEE

JAMES C DELEHANTY MDTRUSTEE

GREGORY DUFOURTRUSTEE

DAVID FLANAGANTREASURER

DALE KUHNERTTRUSTEE

CATHERINE REYNOLDSTRUSTEE

CAROLE BRANDVICE PRESIDENT

About this charity

Location: PO Box 287, Belfast, ME 04915
County: Waldo
In care of: Linda Drinkwater
Primary officer: Linda Drinkwater, CFO

How to reach them

WebsiteVisit the charity’s website Phone(207) 505-4378

Filing and classification

Latest tax year: 2018
Tax period began: October 1, 2018
Return type: 990
IRS tax category: Textile MillsT
Revocation date: May 15, 2022