Penobscot Valley Hospital
Penobscot Valley Hospital faces recurring operational deficits, with assets declining over the past decade.
EIN: 10545327 · Lincoln, ME · NTEE: E20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.2M |
| Total Expenses | $25.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $25,211,052 |
| Net Assets | $1.4M |
| Transparency Score | 70/100 |
Is Penobscot Valley Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penobscot Valley Hospital directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penobscot Valley Hospital
Penobscot Valley Hospital (EIN: 10545327) is a nonprofit organization based in Lincoln, ME, classified under NTEE code E20. The organization reported total revenue of $25.2M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penobscot Valley Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penobscot Valley Hospital is a large nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.6M |
| Total Expenses | $25.4M |
| Surplus / Deficit | $-1,792,322 |
| Total Assets | $7.7M |
| Total Liabilities | $6.3M |
| Net Assets | $1.4M |
| Operating Margin | -7.6% |
| Debt-to-Asset Ratio | 81.3% |
| Months of Reserves | 3.6 months |
Financial Health Grade: C
In 2023, Penobscot Valley Hospital reported a deficit of $1.8M with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 81.3% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Penobscot Valley Hospital's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | +17.7% | -27.6% |
| 2021 | +19.3% | +16.4% | -2.0% |
| 2020 | +10.1% | +0.1% | +22.2% |
| 2019 | -4.5% | -5.8% | +7.1% |
| 2018 | -9.3% | -11.6% | -11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Penobscot Valley Hospital with a Mission Score of 70 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, Penobscot Valley 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 deficit of $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.3%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size ($25,211,052 latest revenue) and suggests that executive compensation may be reported under other expense categories or is genuinely minimal, which would be a strong positive for resource allocation.
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 Penobscot Valley Hospital's IRS 990 filings:
- Recurring operational deficits in multiple years (e.g., 202312, 201912, 201712)
- Significant decline in total assets over the past decade (from $14.9M in 201312 to $7.7M in 202312)
- Unusually low or unreported officer compensation (0% across all filings) which may obscure actual executive pay if reported elsewhere.
Strengths
The following positive indicators were identified for Penobscot Valley Hospital:
- Consistent filing of IRS 990 forms, indicating transparency in reporting.
- NTEE code E20 (General Hospitals) aligns with the organization's name and likely mission focus.
- Significant revenue generation, consistently above $17 million annually over the past decade.
Frequently Asked Questions about Penobscot Valley Hospital
Is Penobscot Valley Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Penobscot Valley Hospital (EIN: 10545327) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Penobscot Valley Hospital spend its money?
Penobscot Valley Hospital directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Penobscot Valley Hospital tax-deductible?
Penobscot Valley Hospital is registered as a tax-exempt nonprofit (EIN: 10545327). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Penobscot Valley Hospital CEO make?
Penobscot Valley Hospital's highest-compensated officer earns $25,211,052 annually. The organization reported $25.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Penobscot Valley Hospital's spending goes to programs?
Penobscot Valley Hospital directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Penobscot Valley Hospital compare to similar nonprofits?
With a transparency score of 70/100 (Good), Penobscot Valley Hospital is above average for NTEE category E20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penobscot Valley Hospital located?
Penobscot Valley Hospital is headquartered in Lincoln, Maine and files with the IRS under EIN 10545327. It is classified under NTEE code E20.
How many years of IRS 990 filings does Penobscot Valley Hospital have?
Penobscot Valley Hospital has 12 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 $25.2M in total revenue.
Is Penobscot Valley Hospital financially stable?
The hospital's financial stability shows variability. While it has periods of surplus (e.g., 202112 with $23.4M revenue vs. $21.6M expenses), it frequently operates at a deficit, as seen in 202312 ($23.6M revenue vs. $25.4M expenses) and several prior years. The declining asset base from $14.9M in 201312 to $7.7M in 202312 also suggests long-term financial challenges.
How has the hospital's asset base changed over time?
The hospital's assets have significantly decreased over the past decade, from a high of $14,908,408 in 201312 to $7,718,433 in 202312, representing a reduction of nearly 50%.
What is the trend in revenue versus expenses?
Revenue and expenses have generally tracked closely, with expenses often slightly exceeding revenue in many periods, leading to operational deficits. For example, in 202312, expenses were $25,432,498 against revenues of $23,640,176. However, there was a surplus in 202112 with revenues of $23,475,356 exceeding expenses of $21,608,969.
Filing History
IRS 990 filing history for Penobscot Valley Hospital showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Penobscot Valley Hospital's revenue has declined by 10.4%, moving from $26.4M to $23.6M. Total assets decreased by 53.8% over the same period, from $16.7M to $7.7M. Total functional expenses fell by 1.6%, from $25.9M to $25.4M. In its most recent filing year (2023), Penobscot Valley Hospital reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $6.3M in liabilities against $7.7M in assets (debt-to-asset ratio: 81.3%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.6M | $25.4M | $7.7M | $6.3M | — | — |
| 2021 | $23.5M | $21.6M | $10.7M | $7.4M | — | View 990 |
| 2020 | $19.7M | $18.6M | $10.9M | $13.5M | — | View 990 |
| 2019 | $17.9M | $18.5M | $8.9M | $12.7M | — | View 990 |
| 2018 | $18.7M | $19.7M | $8.3M | $10.7M | — | View 990 |
| 2017 | $20.6M | $22.3M | $9.4M | $10.8M | — | View 990 |
| 2016 | $21.5M | $23.5M | $10.8M | $10.5M | — | View 990 |
| 2015 | $22.9M | $24.0M | $12.5M | $10.3M | — | View 990 |
| 2014 | $25.1M | $26.0M | $13.4M | $10.0M | — | View 990 |
| 2013 | $26.3M | $26.7M | $14.9M | $10.7M | — | View 990 |
| 2012 | $26.5M | $26.6M | $16.0M | $11.4M | — | View 990 |
| 2011 | $26.4M | $25.9M | $16.7M | $12.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.6M, expenses of $25.4M, and assets of $7.7M (revenue +0.7% year-over-year).
- 2021: Revenue of $23.5M, expenses of $21.6M, and assets of $10.7M (revenue +19.3% year-over-year).
- 2020: Revenue of $19.7M, expenses of $18.6M, and assets of $10.9M (revenue +10.1% year-over-year).
- 2019: Revenue of $17.9M, expenses of $18.5M, and assets of $8.9M (revenue -4.5% year-over-year).
- 2018: Revenue of $18.7M, expenses of $19.7M, and assets of $8.3M (revenue -9.3% year-over-year).
- 2017: Revenue of $20.6M, expenses of $22.3M, and assets of $9.4M (revenue -4.2% year-over-year).
- 2016: Revenue of $21.5M, expenses of $23.5M, and assets of $10.8M (revenue -6.2% year-over-year).
- 2015: Revenue of $22.9M, expenses of $24.0M, and assets of $12.5M (revenue -8.8% year-over-year).
- 2014: Revenue of $25.1M, expenses of $26.0M, and assets of $13.4M (revenue -4.3% year-over-year).
- 2013: Revenue of $26.3M, expenses of $26.7M, and assets of $14.9M (revenue -1.0% year-over-year).
- 2012: Revenue of $26.5M, expenses of $26.6M, and assets of $16.0M (revenue +0.6% year-over-year).
- 2011: Revenue of $26.4M, expenses of $25.9M, and assets of $16.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penobscot Valley Hospital:
Data Sources and Methodology
This transparency report for Penobscot Valley 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.