Penobscot Valley Hospital
Penobscot Valley Hospital reported $25.2 million in revenue and $25.6 million in expenses for calendar year 2024. Of every $100 it spent, $84.95 went to program services, $15.05 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.5% of the total. The highest compensation it reported for one person was $690,567 (ED Physician and Medical Director). 24 people received more than $100,000 in reportable compensation. Revenue rose 41% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $26MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $25M- Contributions & grants (non-government)$0.94 $239K
- Government grants$1.74 $440K
- Program service revenue$97.29 $25M
- Investment income$0.03 $7,098
Other revenue was negative: −$48,887. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 2.7% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.7% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.5% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $690,567 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.69% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 24 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.5 | 6.6 |
| Independent voting board members Part VI 1a–1b | 8 of 8 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expensePenobscot Valley Hospital is a 25 bed critical access hospital in Lincoln, ME. The Hospital provided a wide range of medical services to its patients in 2024, some of the largest being Emergency Room Services, Laboratory Services, Pharmacy Services, Rehabilitation Services, Surgical Services & Radiology Services. Please refer to Schedule H for a more comprehensive list of services provided
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| ED Physician and Medical Director Highest compensated employee, 40.00 hrs/week | $670,035 | $0 | $20,532 | $690,567 |
| Physician Highest compensated employee, 40.00 hrs/week | $443,824 | $0 | $9,635 | $453,459 |
| Surgeon Highest compensated employee, 40.00 hrs/week | $339,465 | $0 | $21,556 | $361,021 |
| Physician Highest compensated employee, 40.00 hrs/week | $338,250 | $0 | $1,158 | $339,408 |
| CEO Officer, 40.00 hrs/week | $188,900 | $0 | $31,225 | $220,125 |
| Past CEO Officer, 20.00 hrs/week | $192,786 | $0 | $26,739 | $219,525 |
| CFO Officer, 40.00 hrs/week | $170,078 | $0 | $28,100 | $198,178 |
| Physician Highest compensated employee, 40.00 hrs/week | $186,998 | $0 | $1,024 | $188,022 |
24 people received more than $100,000 in reportable compensation from Penobscot Valley Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $725K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5259
- Volunteers Part I, line 68
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SJ Rollins Technologies Inc IT Services | $855,055 |
| Lotus Medical & Aesthetics ED Physician | $476,269 |
| True North Anesthesia Anethesiologist Staffing | $354,495 |
| Emcare Inc ED Physician | $329,563 |
| NL Acadia Hospital Corporation Behavioral Health Physician | $325,948 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Penobscot Valley Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Penobscot Valley Hospital, you can publish a response that is linked from this page.
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Of every $100 Penobscot Valley Hospital spent in 2024, $84.95 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- St Francis Medical CenterPhoenix, AZ · revenue $25M · programs 88.4% · FY2025
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- North Shore-LIJ Radiology Services PCWestbury, NY · revenue $25M · programs 71.7% · 2024
- Fort Hudson Nursing CenterFort Edward, NY · revenue $25M · programs 87.7% · 2025
- Baptist Physician NetworkBeaumont, TX · revenue $25M · programs 93.6% · FY2025
Questions people ask
How much of Penobscot Valley Hospital's spending goes to programs?
In calendar year 2024, Penobscot Valley Hospital reported that 85.0% of its $25.6 million in expenses went to program services, 15.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Penobscot Valley Hospital pay its top executive?
The largest total compensation Penobscot Valley Hospital reported for one person in calendar year 2024 was $690,567, for the role of ED Physician and Medical Director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Penobscot Valley Hospital get its money?
Of $25.2 million in revenue in calendar year 2024, 2.7% came from contributions and grants (including 1.7% from government grants) and 97.5% from program service revenue (Form 990, Part VIII).
Is Penobscot Valley Hospital a registered charity?
The IRS lists EIN 01-0545327 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523029349302432 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423059349300342 · read the filing
- 2022: Form 990 for calendar year 2022 (amended), object 202303109349301315 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223069349300502 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133099349302123 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033109349300708 · read the filing
All filings for EIN 01-0545327: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.