AI Transparency Report
Mainhealth Services, operating in Portland, ME, demonstrates a complex financial picture. While the organization consistently reports zero officer compensation, which is a positive indicator for transparency regarding executive pay, its financial health has shown volatility. For instance, in the 202309 period, revenue was $26,094,398 against expenses of $13,315,625, indicating a surplus. However, in previous years like 202109 and 202009, expenses ($33,052,950 and $41,169,965 respectively) exceeded revenues ($32,444,301 and $36,404,238), suggesting periods of operating deficits. The organization's assets have fluctuated significantly, from a high of $456,454,482 in 201709 to $292,459,755 in 202309, while liabilities have often exceeded assets, particularly in recent years (e.g., 202309 assets of $292M vs. liabilities of $343M). This consistent negative net asset position raises concerns about long-term financial stability, despite the recent positive operating margin in 202309. The lack of reported officer compensation across all filings is a strong point for transparency in that specific area.