Overview
What is Eastport Memorial Hospital?
Eastport Memorial Hospital, referred to as Eastport Memorial Nursing Home, is a dedicated nonprofit institution situated in Eastport, Maine. Its primary role is to offer long-term and respite care services for the local community and surrounding areas, enabling individuals with health care needs to receive necessary nursing home care within their own community. The facility employs a significant number of professionals and non-professionals from the region, providing around 50 year-round jobs, including licensed nurses, certified nursing assistants, administrative personnel, and maintenance workers. Eastport Memorial Nursing Home is deeply committed to upholding its core values of dignity and respect, ensuring the delivery of the highest quality care in a secure, loving, compassionate, and home-like environment.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Eastport Memorial Hospital has received a commendable Three-Star rating from Charity Navigator, reflecting an overall score of 79%. This score is derived solely from its Accountability & Finance metrics, showcasing a strong emphasis on financial transparency and governance. The hospital has received full points in several key areas, including the independence of its board members and the absence of any material diversion of assets.
The organization demonstrates a robust governance structure, with 100% of its board members being independent and having a well-defined conflict of interest policy in place. Additionally, the hospital maintains proper documentation practices, including board meeting minutes and policies for whistleblower protection. Furthermore, its liabilities to assets ratio is healthy at 27.86%, indicating solid financial stability.
While the hospital's program expense ratio of 81.39% suggests a significant portion of funds is allocated directly to programs, the lack of additional data on other operational aspects could be a limitation in fully assessing its overall impact. Nonetheless, the high ratings in accountability and financial practices reflect a responsible organization committed to transparency and effective management.
This AI summary has been generated from information found on Charity Navigator.
Is Eastport Memorial Hospital legitimate?
Eastport Memorial Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastport Memorial Hospital submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $148,246
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,859,847
For more financial information, click here
What is the mission statement of Eastport Memorial Hospital?
Eastport Memorial Nursing Home, driven by its core values of dignity and respect, is dedicated to delivering the highest standard of care. It strives to provide this care in a secure, nurturing, compassionate, and homely environment. The mission of the facility is centered around offering long-term and respite care to residents from the local community and surrounding areas who require nursing home services due to health issues. Furthermore, the nursing home is committed to employing professionals and non-professionals from the area, providing stable, year-round employment opportunities for approximately 50 individuals in various roles such as nursing, administration, housekeeping, and maintenance.
What is the revenue of Eastport Memorial Hospital?
Eastport Memorial Hospital's revenue in 2023 was $3,350,847.
Who are the executives of Eastport Memorial Hospital and what are their salaries?
The average compensation at Eastport Memorial Hospital during 2023 was $25,419. There are 79 employees and 12 volunteers at Eastport Memorial Hospital.
Here are 13 key members and their salaries:
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- Compensation: $119,270
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- Other: $28,976
- Compensation: $106,818
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- Other: $13,628
- Compensation: $102,356
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- Other: $2,377
Where can I find the form 990 for Eastport Memorial Hospital?
Eastport Memorial Hospital's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Eastport Memorial Hospital
Eastport Memorial Hospital, guided by its core values of dignity and respect, is dedicated to delivering the highest standard of care in a nurturing, loving, and compassionate environment that feels like home. Its mission is to provide long-term and respite care for residents from Eastport and surrounding communities who require nursing home services. By offering these services within the community, Eastport Memorial Nursing Home allows locals to receive essential care while maintaining their connections and roots. The hospital also plays a significant role in the local job market, employing approximately 50 healthcare professionals and non-professionals from the area, including licensed nurses, certified nursing assistants, administrative personnel, housekeeping, laundry, and maintenance staff. These positions are stable, providing year-round employment opportunities that are relatively immune to economic fluctuations faced by other industries.
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Impact
July, 2024
Eastport Memorial Hospital's impact can be seen in the high-quality care it provides to the residents of Eastport and surrounding communities. By offering long-term and respite care services, the hospital allows individuals with health care needs to stay in their community while receiving the necessary support. Additionally, the hospital plays a crucial role in employing local professionals and non-professionals, creating job opportunities for around 50 healthcare workers year-round. This not only benefits the employees but also contributes to the economic stability of the community by providing jobs that are relatively insulated from economic fluctuations. In essence, Eastport Memorial Hospital's impact extends beyond healthcare to positively influence the local economy and workforce.
This information is meant to be a general summary of Eastport Memorial Hospital. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $44,340
- Program Service Revenue: $3,299,925
- Gross Receipts: $4,022,286
Assets and Liabilities:
- Total Assets: $3,752,634
- Total Liabilities: $1,045,595
- Net Assets: $2,707,039
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Patient Service Re
Revenue
$3,299,925
Organization Details
Founding Year
1944
Principal Officer
Tessa Ftorek
NTEE Category
Code: E92Z - Health
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