Is Northern Maine Medical Center Legit?

Northern Maine Medical Center (NMMC) demonstrates a consistent operational history, with revenues generally exceeding expenses across most of its reported periods, indicating a stable financial footing. For instance, in 202209, revenue was $79,262,975 against expenses of $73,962,299, showing a surplus. However, the most recent filing (202309) shows a slight deficit, with expenses of $72,165,102 exceeding revenue of $68,670,882. This recent trend warrants monitoring, though it's not uncommon for healthcare providers to experience fluctuations. The organization's asset base has shown significant growth over the years, from $42,813,880 in 201409 to $105,858,864 in 202309, suggesting investment in infrastructure or reserves. The consistent reporting of 0% officer compensation across all filings is a notable aspect of its transparency, indicating that executive salaries are not reported in this specific section of the 990, or are not paid to officers in a way that triggers this reporting requirement, which could be a positive sign for donor confidence if compensation is reasonable and transparent elsewhere. The NTEE code E20Z indicates a general hospital, which typically has high program spending inherent to its mission. Overall, NMMC appears to be a financially stable organization with a long history of service. The recent deficit in 202309 is a point to watch, but the overall trend of asset growth and consistent operations suggests a well-managed entity. The lack of reported officer compensation in the 990's specific section for it is a unique characteristic that could be interpreted positively for transparency, assuming other compensation details are available.