Millinocket Regional Hospital
Millinocket Regional Hospital consistently operates near break-even with stable assets and no reported officer compensation.
EIN: 10223482 · Millinocket, ME · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $34.7M |
| Total Expenses | $31.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $9.3M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Millinocket Regional Hospital Form 990, Revenue, CEO Pay, and IRS Filing Signals
Millinocket Regional Hospital is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Millinocket Regional Hospital in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $31.8M and expenses of $31.7M.
Revenue and Expenses
Millinocket Regional Hospital reported $31.8M in revenue and $31.7M in expenses, a surplus of $28K.
Executive Compensation
Top officer compensation appears as $30 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Millinocket Regional Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $28.6M (90%) |
Across stored filings, Millinocket Regional Hospital shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Health context |
Trust Check
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2Understand money
90% of spending goes to programs.
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Keep the Investigation Moving
Millinocket Regional Hospital directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Millinocket Regional Hospital
Millinocket Regional Hospital (EIN: 10223482) is a nonprofit organization based in Millinocket, ME, classified under NTEE code E220. The organization reported total revenue of $34.7M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millinocket Regional Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Millinocket Regional Hospital is a large nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.8M |
| Total Expenses | $31.7M |
| Surplus / Deficit | +$28K |
| Total Assets | $15.6M |
| Total Liabilities | $6.3M |
| Net Assets | $9.3M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 40.6% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2023, Millinocket Regional Hospital reported a surplus of $28K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 40.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Millinocket Regional Hospital's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.1% | +0.1% | -15.7% |
| 2022 | -5.1% | +4.4% | +4.5% |
| 2021 | +10.6% | -1.3% | -15.1% |
| 2020 | -4.4% | -8.7% | +38.4% |
| 2019 | +0.9% | -8.0% | -16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Millinocket Regional Hospital with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Millinocket Regional Hospital allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.6%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization with annual revenues exceeding $30 million. This could indicate that compensation is reported elsewhere, or a unique, non-salaried executive structure, but it lacks transparency regarding leadership remuneration.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Millinocket Regional Hospital's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and may indicate a lack of transparency in executive remuneration reporting.
- Fluctuating asset base without clear growth trend, from $24.7M in 2014 to $16.2M currently.
Strengths
The following positive indicators were identified for Millinocket Regional Hospital:
- Consistent operational activity and service delivery over a long period (13 filings).
- Generally stable revenue streams, consistently above $30 million in recent years.
- Recent reduction in liabilities from $9,351,964 in 2022 to $6,323,121 in 2023, improving financial leverage.
Frequently Asked Questions about Millinocket Regional Hospital
Is Millinocket Regional Hospital a legitimate charity?
Millinocket Regional Hospital (EIN: 10223482) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $34.7M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Millinocket Regional Hospital spend its money?
Millinocket Regional Hospital directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Millinocket Regional Hospital tax-deductible?
Millinocket Regional Hospital is registered as a tax-exempt nonprofit (EIN: 10223482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Millinocket Regional Hospital CEO make?
Millinocket Regional Hospital's highest-compensated officer earns $30 annually. The organization reported $34.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Millinocket Regional Hospital's spending goes to programs?
Millinocket Regional Hospital directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Millinocket Regional Hospital compare to similar nonprofits?
With a transparency score of 75/100 (Good), Millinocket Regional Hospital is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Millinocket Regional Hospital located?
Millinocket Regional Hospital is headquartered in Millinocket, Maine and files with the IRS under EIN 10223482. It is classified under NTEE code E220.
How many years of IRS 990 filings does Millinocket Regional Hospital have?
Millinocket Regional Hospital has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $34.7M in total revenue.
How does Millinocket Regional Hospital manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size and revenue. It suggests either a unique compensation structure where executives are not compensated directly as officers, or that compensation is reported under different categories not captured by this specific 'Officer Comp' metric, potentially impacting transparency regarding leadership remuneration.
What is the hospital's long-term strategy for asset growth and liability management?
The hospital's assets have fluctuated, from a high of $24,726,055 in 2014 to $16,270,735 currently, while liabilities have also varied. For example, liabilities were $16,075,359 in 2020 and $6,323,121 in 2023. A detailed strategy for managing these fluctuations is not evident solely from the provided financial summaries, but the recent reduction in liabilities is a positive sign.
Given the tight operating margins, how does the hospital ensure financial resilience?
With revenues and expenses often very close (e.g., $31,753,748 revenue vs. $31,725,853 expenses in 2023), the hospital operates on thin margins. Resilience likely comes from careful cost control, consistent patient volume, and potentially other revenue streams or grants not detailed in these summary figures.
Filing History
IRS 990 filing history for Millinocket Regional Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Millinocket Regional Hospital's revenue has grown by 12.6%, moving from $28.2M to $31.8M. Total assets decreased by 28.5% over the same period, from $21.8M to $15.6M. Total functional expenses rose by 15.3%, from $27.5M to $31.7M. In its most recent filing year (2023), Millinocket Regional Hospital reported a surplus of $28K, with revenue exceeding expenses. The organization holds $6.3M in liabilities against $15.6M in assets (debt-to-asset ratio: 40.6%), resulting in net assets of $9.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.8M | $31.7M | $15.6M | $6.3M | — | View 990 |
| 2022 | $32.4M | $31.7M | $18.5M | $9.4M | — | View 990 |
| 2021 | $34.2M | $30.4M | $17.7M | $8.9M | — | — |
| 2020 | $30.9M | $30.8M | $20.8M | $16.1M | — | View 990 |
| 2019 | $32.3M | $33.7M | $15.1M | $10.4M | — | View 990 |
| 2018 | $32.0M | $36.6M | $18.1M | $11.6M | — | View 990 |
| 2017 | $31.5M | $32.9M | $20.7M | $9.2M | — | View 990 |
| 2016 | $28.0M | $28.5M | $23.7M | $10.4M | — | View 990 |
| 2015 | $26.0M | $26.2M | $24.1M | $9.8M | — | View 990 |
| 2014 | $26.0M | $27.3M | $24.7M | $10.2M | — | View 990 |
| 2013 | $28.0M | $27.6M | $23.6M | $8.5M | — | View 990 |
| 2012 | $27.6M | $27.7M | $23.4M | $8.9M | — | View 990 |
| 2011 | $28.2M | $27.5M | $21.8M | $7.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.8M, expenses of $31.7M, and assets of $15.6M (revenue -2.1% year-over-year).
- 2022: Revenue of $32.4M, expenses of $31.7M, and assets of $18.5M (revenue -5.1% year-over-year).
- 2021: Revenue of $34.2M, expenses of $30.4M, and assets of $17.7M (revenue +10.6% year-over-year).
- 2020: Revenue of $30.9M, expenses of $30.8M, and assets of $20.8M (revenue -4.4% year-over-year).
- 2019: Revenue of $32.3M, expenses of $33.7M, and assets of $15.1M (revenue +0.9% year-over-year).
- 2018: Revenue of $32.0M, expenses of $36.6M, and assets of $18.1M (revenue +1.7% year-over-year).
- 2017: Revenue of $31.5M, expenses of $32.9M, and assets of $20.7M (revenue +12.4% year-over-year).
- 2016: Revenue of $28.0M, expenses of $28.5M, and assets of $23.7M (revenue +7.8% year-over-year).
- 2015: Revenue of $26.0M, expenses of $26.2M, and assets of $24.1M (revenue -0.1% year-over-year).
- 2014: Revenue of $26.0M, expenses of $27.3M, and assets of $24.7M (revenue -6.9% year-over-year).
- 2013: Revenue of $28.0M, expenses of $27.6M, and assets of $23.6M (revenue +1.4% year-over-year).
- 2012: Revenue of $27.6M, expenses of $27.7M, and assets of $23.4M (revenue -2.2% year-over-year).
- 2011: Revenue of $28.2M, expenses of $27.5M, and assets of $21.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Millinocket Regional Hospital:
Data Sources and Methodology
This transparency report for Millinocket Regional Hospital is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.