IRS Form 990 · EIN 01-0263198

Down East Community Hospital

Machias, ME 04654-3325 · Tax year 2023

NTEE E22Specialty Hospital

$62.3M

Total revenue

$62.9M

Total expenses

$92K

Net income

0.1%

Operating margin

Financial summary

Hospital-specific data — what the org reports to defend tax-exempt status

Compared to 3 organizations with NTEE E22 in ME

Avg revenue (peers)

$52.7M

This org:$62.3M

Avg net income (peers)

$118K

This org:$92K

Avg top exec comp (peers)

$569K

This org (highest):—

23 officers + key employees reported on Schedule J

Name	Title	Hours/wk	Base comp	Total comp
Aziz Massaad MD	Former Trustee	30	$968K	$968K
Rita Ten MD	Trustee, Physician	38.5	$551K	$597K
Christian Inegbenijie MD	Trustee, Physician	38.5	$464K	$514K
Stephen Madigan	Physician	40	$473K	$509K
Elaine Mau	Physician	30	$282K	$459K
Steven Lail	CEO	38.5	$372K	$422K
Howard Raymond	Physician	40	$306K	$367K
Stephen Salzer	Physician	9	$360K	$360K
Joann Kaplan	Physician	40	$310K	$355K
Lynnette Parr	CFO	38.5	$285K	$325K
Betty Marshall	Trustee	2	—	—
Tom Moholland	Trustee	2	—	—
Corey Schwinn	Trustee	2	—	—
Jody Dennison	Trustee	2	—	—
Jack Corrigan	Trustee	2	—	—
Lisa Carlisle	Past Chair	2	—	—
Gwendolyn Jones	Past Trustee	2	—	—
Ian Pratt	Treasurer	2	—	—
Nate Martel	Secretary/Past Board Chair	2	—	—
Judd Bragg	Vice Chair	2	—	—
Michael Hennessey	Trustee	2	—	—
Jacqueline O'Clair	Board Chair	2	—	—
Julie Jordan	Trustee	2	—	—

Tax year	Total revenue	Total expenses	Net income	Total assets
2023	$62.3M	$62.9M	$92K	$48.1M
2022	$62.1M	$60.0M	$42K	$51.0M
2021	$63.0M	$52.0M	$119K	$56.3M
2020	$50.8M	$47.8M	$174K	$50.2M
2019	$50.2M	$48.1M	$27K	$34.8M
2018	$45.6M	$45.2M	$-118K	$25.7M
2017	$43.1M	$42.4M	$-37K	$24.9M
2016	$40.0M	$38.1M	$11K	$23.6M
2015	$36.4M	$36.3M	$-67K	$22.2M
2014	$33.8M	$35.3M	$-20K	$21.6M

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