Martins Point Health Care Inc
95% goes to programs Strong reserves
Martins Point Health Care Inc is a 501(c)(3) organization based in Portland, Maine, registered in 1982, with $550,076,243 in FY2024 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
331 Veranda St, Portland, ME, 04103 EIN 01-0353275 Since 1982
Revenue (FY2024)
$550.1M
▲ 0.8% vs prior year
Health median: $840K
Expenses (FY2024)
$554.4M
Net assets
$304.4M
Employees
1,215
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Martins Point Health Care Inc: 95% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Martins Point Health Care Inc: 7 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Martins Point Health Care Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Martins Point Health Care Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To deliver the care every person deserves.
What they do
Delivery of medical care - please see not-for-profit narrative statement for martin's point on schedule o.
Management of martin's point generations advantage, a related organization that is a medicare advantage hmo with ppo and pos options, which assists in the provision and processing of medical services to martin's point health care patients.
Contact & location
- Address
- 331 Veranda St, Portland, ME, 04103
- City
- Portland
- State
- Maine
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $494.6M (FY2013) to $550.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $271.5MNet assets $304.4M
Operating margin
-0.8%
Spent more than it raised in the latest fiscal year.
Total assets
$575.9M
Total liabilities
$271.5M
Net assets
$304.4M
Salaries & benefits
$130.4M
24% of expenses
Board members
10
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $550,076,243▲0.8% | $554,410,222▲7.0% | $304,425,091▼18.1% | $575,909,759▲16.0% | 990 |
| 2023 | $545,592,486▲3.9% | $518,281,788▲4.0% | $371,712,528▲5.6% | $496,510,079▼0.2% | 990 |
| 2022 | $525,072,936▼4.7% | $498,454,800▲4.1% | $352,063,735▼12.8% | $497,712,566▼5.6% | 990 |
| 2021 | $550,950,857▲16.7% | $478,839,919▲10.8% | $403,547,190▲10.9% | $527,490,036▲11.4% | 990 |
| 2020 | $472,119,641 | $432,011,666▼3.4% | $364,011,033▲21.0% | $473,344,664▲28.2% | 990 |
| 2019 | $472,354,835▲6.8% | $447,370,601▲4.9% | $300,922,545▲15.9% | $369,243,438▲10.0% | 990 |
| 2018 | $442,304,130▲4.2% | $426,560,604▲4.3% | $259,591,880▼2.7% | $335,716,022▼2.9% | 990 |
| 2017 | $424,576,446▲5.4% | $408,836,703▲6.8% | $266,814,526▲20.7% | $345,769,239▲17.8% | 990 |
| 2016 | $402,709,019▼38.3% | $382,667,319▼40.9% | $221,062,936▼11.3% | $293,468,604▼12.9% | 990 |
| 2015 | $653,043,924▲12.1% | $647,355,827▲12.6% | $249,243,322▼7.7% | $336,790,419▼4.1% | 990 |
| 2014 | $582,583,600▲17.8% | $575,122,512▲15.5% | $269,897,548▲2.4% | $351,329,632▲2.7% | 990 |
| 2013 | $494,583,633 | $498,113,128▲9.5% | $263,622,153▲4.0% | $341,977,475▲4.1% | 990 |
| 2012 | — | $454,753,778▲18.0% | $253,421,394▲9.9% | $328,384,615▲10.7% | 990 |
| 2011 | — | $385,502,941▲26.4% | $230,647,866▼0.2% | $296,698,225▼4.4% | 990 |
| 2010 | — | $304,911,853 | $231,001,220 | $310,401,904 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Paul F Kasuba Md — $1,133,507 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Paul F Kasuba Md | President & Ceo | 31 | $1,133,507 |
| Jonathan Easton Harvey Md | Chief Medical Officer (end 3/2024) | 40 | $927,024 |
| Bernadette Di Re | Coo, Health Plans | 31 | $676,072 |
| Jeffrey Brown | Chief Information Officer | 31 | $589,601 |
| Daniel Mccormack | Coo, Delivery Systems | 40 | $582,551 |
| Teresa Nizza | Chief Human Resources Officer | 31 | $553,440 |
| Amanda Jackson | Chief Financial Officer | 31 | $545,091 |
| David H Howes Md | Former President & Ceo | 0 | $184,317 |
| David E Currier | Secretary | 1 | $48,181 |
| Edward S Mckersie | Chair (end 9/2024)/treasurer | 1 | $47,755 |
| Kathryn Rand | Vice Chair (end 9/2024)/chair | 1 | $42,755 |
| Barbara E Trethaway Jd | Board Member | 1 | $40,255 |
| Bradford A Hunter | Treasurer (end 9/2024)/vice Chair | 1 | $40,255 |
| George J Isham Md Ms | Board Member | 1 | $37,755 |
| Cathleen Morrow Md | Board Member | 1 | $32,755 |
| John Fitzsimmons | Board Member | 1 | $30,255 |
| Steve Decastro | Board Member | 1 | $30,255 |
| Umesh Kurpad | Board Member (start 9/2024) | 1 | $15,164 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mainehealth | Medical Services | $34,896,149 |
| Northern Lighteastern Maine Medical Cen | Medical Services | $10,846,157 |
| Mary Hitchcock Memorial Hospital | Medical Services | $9,938,448 |
| Wentworth Douglass Hospital | Medical Services | $7,346,225 |
| Hca Health Services of New Hampshire Inc | Medical Services | $5,729,862 |
Grants made · $570K in FY2024
40 grants totaling $570K in FY2024 — showing the 15 largest. All grants made by Martins Point Health Care Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Southern Maine Foundation | General support | $53,000 |
| University of New England | General support | $40,000 |
| Maine Senior Games | General support | $30,000 |
| Portland Regional Chamber | Annual dues and membership; contributions to community events and municipal development | $28,830 |
| Southern Maine Agency On Aging | General support | $26,000 |
| Maineshare | General support | $25,558 |
| American Academy of Pediatrics Maine Chapter Inc | General support | $20,000 |
| Good Sheperd Food Bank | General support | $17,767 |
| American Heart Association Inc | General support | $16,500 |
| Live Work Maine Inc | General support | $15,000 |
| Portland Wheelers | General support | $15,000 |
| Full Plates Full Potential | General support | $15,000 |
| The Center For Grieving Children | General support | $15,000 |
| Ketcha Outdoors | General support | $15,000 |
| Big Brothers Big Sisters of Southern Maine | General support | $14,784 |
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Compare Martins Point Health Care Inc
Frequently asked questions
- Is Martins Point Health Care Inc a legitimate nonprofit?
- Yes. Martins Point Health Care Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0353275, based in Portland, Maine. Donations are tax-deductible.
- What is Martins Point Health Care Inc's EIN?
- Martins Point Health Care Inc's Employer Identification Number (EIN) is 01-0353275.
- How much revenue does Martins Point Health Care Inc report?
- Martins Point Health Care Inc reported $550,076,243 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Martins Point Health Care Inc's spending goes to programs?
- Martins Point Health Care Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Martins Point Health Care Inc have?
- CharityIndex grades Martins Point Health Care Inc A+, based on program efficiency and fundraising cost.
- How much does Martins Point Health Care Inc's highest-paid employee make?
- The highest reported compensation on Martins Point Health Care Inc's latest Form 990 is $1,133,507, paid to Paul F Kasuba Md (President & Ceo).
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Data for Martins Point Health Care Inc (EIN 01-0353275) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.