Parkview Adventist Medical Center
Parkview Adventist Medical Center ceased operations after years of consistent operating deficits.
EIN: 10244035 · Brunswick, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $30.7M |
| Program Spending | 90% |
| Net Assets | $-5,232,598 |
| Transparency Score | 40/100 |
Is Parkview Adventist Medical Center Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Parkview Adventist Medical Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Parkview Adventist Medical Center
Parkview Adventist Medical Center (EIN: 10244035) is a nonprofit organization based in Brunswick, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parkview Adventist Medical Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parkview Adventist Medical Center is a large nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -9.2%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.3M |
| Total Expenses | $30.7M |
| Surplus / Deficit | $-2,468,026 |
| Total Assets | $13.4M |
| Total Liabilities | $18.6M |
| Net Assets | $-5,232,598 |
| Operating Margin | -8.7% |
| Debt-to-Asset Ratio | 139.0% |
| Months of Reserves | 5.2 months |
Financial Health Grade: C
In 2014, Parkview Adventist Medical Center reported a deficit of $2.5M with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 139.0% (high leverage).
Financial Trends
Over 4 years of filings (2011–2014), Parkview Adventist Medical Center's revenue has declined at a compound annual growth rate (CAGR) of -9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -12.0% | -5.9% | -12.3% |
| 2013 | -6.7% | -9.1% | -28.4% |
| 2012 | -8.7% | -0.6% | +7.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Parkview Adventist Medical Center with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Parkview Adventist Medical Center allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 139.0%.
Executive Compensation Analysis
Executive compensation was reported as 0% of expenses across all available filings (2011-2014), indicating that no compensation was paid to officers, which is highly unusual for an organization of its size and revenue during its active years.
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 Parkview Adventist Medical Center's IRS 990 filings:
- Consistent operating deficits from 2012-2014, with expenses exceeding revenue.
- Liabilities consistently exceeding assets in later years (e.g., 2014), indicating a negative net asset position.
- Latest reported revenue and assets are $0, suggesting cessation of operations without clear public explanation in the provided data.
Strengths
The following positive indicators were identified for Parkview Adventist Medical Center:
- Reported 0% officer compensation across all available filings (2011-2014), indicating no executive pay.
Frequently Asked Questions about Parkview Adventist Medical Center
Is Parkview Adventist Medical Center a legitimate charity?
Parkview Adventist Medical Center (EIN: 10244035) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 40/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does Parkview Adventist Medical Center spend its money?
Parkview Adventist Medical Center directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Parkview Adventist Medical Center tax-deductible?
Parkview Adventist Medical Center is registered as a tax-exempt nonprofit (EIN: 10244035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Parkview Adventist Medical Center located?
Parkview Adventist Medical Center is headquartered in Brunswick, Maine and files with the IRS under EIN 10244035.
How many years of IRS 990 filings does Parkview Adventist Medical Center have?
Parkview Adventist Medical Center has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What is the current operational status of Parkview Adventist Medical Center?
Based on the latest reported revenue and assets of $0, it appears Parkview Adventist Medical Center is no longer operational or has undergone a significant change in its legal or financial structure.
Why did expenses consistently exceed revenue from 2012-2014?
The filings show a trend where expenses outpaced revenue, for example, in 2014, expenses were $30,724,546 while revenue was $28,256,520. This indicates the organization was operating at a deficit, which could be due to declining patient volumes, increasing operational costs, or insufficient reimbursement rates.
How did the organization manage its liabilities, which often exceeded assets?
In 2014, liabilities ($18,646,654) significantly exceeded assets ($13,414,056), indicating a negative net asset position. This suggests the organization was in a precarious financial state, potentially relying on debt or other short-term financing to cover operational costs.
Filing History
IRS 990 filing history for Parkview Adventist Medical Center showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Parkview Adventist Medical Center's revenue has declined by 25%, moving from $37.7M to $28.3M. Total assets decreased by 32.3% over the same period, from $19.8M to $13.4M. Total functional expenses fell by 14.9%, from $36.1M to $30.7M. In its most recent filing year (2014), Parkview Adventist Medical Center reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $18.6M in liabilities against $13.4M in assets (debt-to-asset ratio: 139.0%), resulting in net assets of $-5,232,598.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $28.3M | $30.7M | $13.4M | $18.6M | — | View 990 |
| 2013 | $32.1M | $32.6M | $15.3M | $18.1M | — | View 990 |
| 2012 | $34.4M | $35.9M | $21.3M | $22.8M | — | View 990 |
| 2011 | $37.7M | $36.1M | $19.8M | $19.7M | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $28.3M, expenses of $30.7M, and assets of $13.4M (revenue -12.0% year-over-year).
- 2013: Revenue of $32.1M, expenses of $32.6M, and assets of $15.3M (revenue -6.7% year-over-year).
- 2012: Revenue of $34.4M, expenses of $35.9M, and assets of $21.3M (revenue -8.7% year-over-year).
- 2011: Revenue of $37.7M, expenses of $36.1M, and assets of $19.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parkview Adventist Medical Center:
Data Sources and Methodology
This transparency report for Parkview Adventist Medical Center 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.