Civic Intelligence

Redington Memorial Hospital Assoc

EIN 01-0211548 • 501(c)3 • Skowhegan, ME

Profile

Redington memorial hospital association's sole mission is to support & benefit redington fairview general hospital, a 501(c)(3) organization.

PO Box 468Skowhegan, ME 04976-0468

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Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

93rd percentile

62%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

83rd percentile

$503,770

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

55th percentile

6.6%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$39,414,840

Up $2,444,226 (+6.6%) from 2024

Liabilities

Down

$772

Down $5,389 (-87%) from 2024

Net Assets

Up

$39,414,068

Up $2,449,615 (+6.6%) from 2024

Revenue

Up

$3,141,233

Up $755,656 (+32%) from 2024

Expenses

Up

$1,181,343

Up $83,732 (+7.6%) from 2024

Net Income

Up

$1,959,890

Up $671,924 (+52%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $27,549,654Liabilities 2011: $4,042,750Net Assets 2011: $23,506,9042011Assets 2012: $25,823,571Liabilities 2012: $2,361,552Net Assets 2012: $23,462,0192012Assets 2013: $25,562,338Liabilities 2013: $7,465Net Assets 2013: $25,554,8732013Assets 2014: $28,173,130Liabilities 2014: $6,820Net Assets 2014: $28,166,3102014Assets 2015: $28,042,632Liabilities 2015: $5,500Net Assets 2015: $28,037,1322015Assets 2016: $26,661,388Liabilities 2016: $5,827Net Assets 2016: $26,655,5612016Assets 2017: $28,988,681Liabilities 2017: $5,900Net Assets 2017: $28,982,7812017Assets 2018: $29,732,842Liabilities 2018: $8,396Net Assets 2018: $29,724,4462018Assets 2019: $30,326,135Liabilities 2019: $6,067Net Assets 2019: $30,320,0682019Assets 2020: $28,861,210Liabilities 2020: $5,860Net Assets 2020: $28,855,3502020Assets 2021: $35,554,390Liabilities 2021: $8,726Net Assets 2021: $35,545,6642021Assets 2022: $32,233,915Liabilities 2022: $5,500Net Assets 2022: $32,228,4152022Assets 2023: $33,713,313Liabilities 2023: $5,637Net Assets 2023: $33,707,6762023Assets 2024: $36,970,614Liabilities 2024: $6,161Net Assets 2024: $36,964,4532024Assets 2025: $39,414,840Liabilities 2025: $772Net Assets 2025: $39,414,0682025

Highlighted filing

2025

Assets$39,414,840
Liabilities$772
Net Assets$39,414,068

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $117,267Expenses 2011: $3,166,674Net Income 2011: -$3,049,4072011Revenue 2012: $658,529Expenses 2012: $137,249Net Income 2012: $521,2802012Revenue 2013: $1,284,974Expenses 2013: $215,590Net Income 2013: $1,069,3842013Revenue 2014: $1,689,660Expenses 2014: $174,144Net Income 2014: $1,515,5162014Revenue 2015: $2,159,115Expenses 2015: $698,534Net Income 2015: $1,460,5812015Revenue 2016: $1,734,414Expenses 2016: $1,045,679Net Income 2016: $688,7352016Revenue 2017: $1,365,203Expenses 2017: $654,113Net Income 2017: $711,0902017Revenue 2018: $1,669,669Expenses 2018: $694,060Net Income 2018: $975,6092018Revenue 2019: $1,906,875Expenses 2019: $847,945Net Income 2019: $1,058,9302019Revenue 2020: $696,305Expenses 2020: $944,194Net Income 2020: -$247,8892020Revenue 2021: $2,383,923Expenses 2021: $840,012Net Income 2021: $1,543,9112021Revenue 2022: $2,508,848Expenses 2022: $1,106,630Net Income 2022: $1,402,2182022Revenue 2023: $1,575,337Expenses 2023: $898,728Net Income 2023: $676,6092023Revenue 2024: $2,385,577Expenses 2024: $1,097,611Net Income 2024: $1,287,9662024Revenue 2025: $3,141,233Expenses 2025: $1,181,343Net Income 2025: $1,959,8902025

Highlighted filing

2025

Revenue$3,141,233
Expenses$1,181,343
Net Income$1,959,890

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.4$0.00$39.4$3.14$1.18$1.96
2024Detailed filing. Detailed filing data is available for this year.$37.0$0.01$37.0$2.39$1.10$1.29
2023Detailed filing. Detailed filing data is available for this year.$33.7$0.01$33.7$1.58$0.90$0.68
2022Detailed filing. Detailed filing data is available for this year.$32.2$0.01$32.2$2.51$1.11$1.40
2021Detailed filing. Detailed filing data is available for this year.$35.6$0.01$35.5$2.38$0.84$1.54
2020Summary only. Only limited summary data is available for this year.$28.9$0.01$28.9$0.70$0.94$0.25
2019Summary only. Only limited summary data is available for this year.$30.3$0.01$30.3$1.91$0.85$1.06
2018Summary only. Only limited summary data is available for this year.$29.7$0.01$29.7$1.67$0.69$0.98
2017Summary only. Only limited summary data is available for this year.$29.0$0.01$29.0$1.37$0.65$0.71
2016Summary only. Only limited summary data is available for this year.$26.7$0.01$26.7$1.73$1.05$0.69
2015Summary only. Only limited summary data is available for this year.$28.0$0.01$28.0$2.16$0.70$1.46
2014Summary only. Only limited summary data is available for this year.$28.2$0.01$28.2$1.69$0.17$1.52
2013Summary only. Only limited summary data is available for this year.$25.6$0.01$25.6$1.28$0.22$1.07
2012Summary only. Only limited summary data is available for this year.$25.8$2.36$23.5$0.66$0.14$0.52
2011Summary only. Only limited summary data is available for this year.$27.5$4.04$23.5$0.12$3.17$3.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 28, 2025
Return Version
2024v5.0
Gross Receipts
$18,897,641
Mission and Program Overview

Mission

Redington memorial hospital association's sole mission is to support & benefit redington fairview general hospital, a 501(c)(3) organization.

Redington memorial hospital association's sole mission is to operate to support and benefit redington fairview general hospital, a 501(c)(3) organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$34,159,313$36,503,493▲ $2,344,180
Cash and Non-Interest-Bearing Accounts$2,406,638$2,536,949▲ $130,311
Land, Buildings, and Equipment, Net$404,663$374,398▼ $30,265
Total Assets$36,970,614$39,414,840▲ $2,444,226
Liabilities
Other Liabilities$5,500--
Accounts Payable and Accrued Expenses$661$772▲ $111
Total Liabilities$6,161$772▼ $5,389
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$36,889,453$39,339,068▲ $2,449,615
Net Assets With Donor Restrictions$75,000$75,000→ $0
Total Net Assets Fund Balance$36,964,453$39,414,068▲ $2,449,615
Total Liabilities and Net Assets / Fund Balance$36,970,614$39,414,840▲ $2,444,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$240,840$1,986,741-
Land$133,558--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$35,169,020-▲ $3,402,418$948,393$37,623,045
2024$31,919,877-▲ $4,121,541$872,398$35,169,020
2023$30,439,546-▲ $2,162,422$682,091$31,919,877
2022$33,730,441-▼ $2,426,337$864,558$30,439,546
2021$27,141,008-▲ $7,223,118$633,685$33,730,441
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard WillettSecretary, N--$503,770$503,770
Victoria Stannard Worosz MdDirector--$94,390$94,390
Susan D ForbusTreasurer, NPT$15,490-$15,490

Board Members and Trustees

NameTitle
Louis HightPresident
Beverly NoonanDirector
Jonathan MoodyDirector
Michael Lambke MdDirector
Peter SchultzDirector
Ryan RutledgeDirector
Sam HightDirector
Richard WillettSecretary, Nonvoting
William LaneyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,122,834
Other Revenue
$18,399
Change in Net Assets
$1,959,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,165,853
Salaries, Compensation, and Employee Benefits$15,490
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$948,393--$948,393
Fees for Service Investment Mgmnt Fees-$211,142-$211,142
Current Officers, Directors, Trustees, and Key Employees-$15,490-$15,490
Fees for Services Legal-$5,285-$5,285
Insurance-$846-$846
Office Expenses-$187-$187
Total Functional Expenses$948,393$232,950$0$1,181,343
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Louis hight sam hight president director father/son

Form 990, Page 6, Part VI, Line 11B

Redington memorial hospital association's form 990 is prepared by the rmha treasurer. The form 990 is then reviewed by the secretary of rmha as well as the chief financial officer of redington fairview general hospital. (rmha is sole supporting of rfgh, a non-profit 501(c)(3) hospital.) any questions that arise out of this review are deferred to legal counsel.

Form 990, Page 6, Part VI, Line 12C

Redington memorial hospital association's transactions consist of managing its endowments for support and benefit of redington fairview general hospital, a 501(c)(3) organization. Business transactions include custodial services for the investments by camden national wealth management located in portland, maine and investment of the funds by robeco investment management, inc., located in boston, ma and gmo located in boston, ma. No board member has any financial interests nor board membership in these three organizations.

Form 990, Page 6, Part VI, Line 19

Redington memorial hospital association makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Redington Memorial Hospital Assoc
EIN
01-0211548
Phone
2078582300
Address
PO BOX 468, SKOWHEGAN, ME 04976-0468

Signing Officer

Name
Richard Willett
Title
Secretary, Nonvoting
Phone
2074745121
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Willett
Formed
1937
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
8
Employees
0

Preparer

Firm
Runyon Kersteen Ouellette
Address
20 LONG CREEK DR, SOUTH PORTLAND, ME 04106
Preparer
Jeffrey Raab
Phone
2077732986
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Redington memorial hospital association's endowments support its sole mission, which is to support and benefit redington fairview general hospital, a 501(c)(3) organization.

Raw XML AppendixShowing 400 of 459 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SEE ATTACHED STATEMENT
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1SEE ATTACHED STATEMENT
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2SEE ATTACHED STATEMENT
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2B
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0REDINGTON FAIRVIEW GENERAL HOSPITAL
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt031919877
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt033730441
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REDINGTON MEMORIAL HOSPITAL ASSOCIATION'S ENDOWMENTS SUPPORT ITS SOLE MISSION, WHICH IS TO SUPPORT AND BENEFIT REDINGTON FAIRVIEW GENERAL HOSPITAL, A 501(C)(3) ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD WILLETT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MICHAEL LAMBKE MD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY, NONVOTING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PHYSICIANS EMPLOYED BY THE HOSPITAL PARTICIPATE IN AN INCENTIVE BASED COMPENSATION PROGRAM. THE PROGRAM IS BASED UPON A REVENUE TARGET WHICH WILL PRODUCE A TARGET COMPENSATION LEVEL, WHICH IS BASED ON BOTH LOCAL AND NATIONAL BENCHMARK INFORMATION. IN ORDER TO ALIGN THE PHYSICIAN WITH THE CHARITABLE MISSION OF THE HOSPITAL, THE PROGRAM IS BASED ON THE HOSPITAL'S ACTUAL CHARGES, SO THAT THE PHYSICIAN WILL HAVE AN INCENTIVE TO TAKE ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. THE SUM OF ALL CHARGES FOR SERVICE PERFORMED BY THE PHYSICIAN IS TABULATED ON A QUARTERLY BASIS. THAT TABULATION IS THEN DIVIDED BY THE REVENUE TARGET, WHICH IS MULTIPLIED TIMES THE TARGET COMMISSION LEVEL. IF A PHYSICIAN'S ACTUAL COMPENSATION IS LESS THAN THE CALCULATED SALARY, THE PHYSICIAN WILL RECEIVE A BONUS PAYMENT THAT RECOGNIZES THE PHYSICIAN'S CONTRIBUTION TO THE HOSPITAL'S ACHIEVEMENT OF ITS CHARITABLE MISSION TO PROVIDE HEALTH SERVICES FOR THE BENEFIT OF THE COMMUNITY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 5B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOUIS HIGHT SAM HIGHT PRESIDENT DIRECTOR FATHER/SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REDINGTON MEMORIAL HOSPITAL ASSOCIATION'S FORM 990 IS PREPARED BY THE RMHA TREASURER. THE FORM 990 IS THEN REVIEWED BY THE SECRETARY OF RMHA AS WELL AS THE CHIEF FINANCIAL OFFICER OF REDINGTON FAIRVIEW GENERAL HOSPITAL. (RMHA IS SOLE SUPPORTING OF RFGH, A NON-PROFIT 501(C)(3) HOSPITAL.) ANY QUESTIONS THAT ARISE OUT OF THIS REVIEW ARE DEFERRED TO LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REDINGTON MEMORIAL HOSPITAL ASSOCIATION'S TRANSACTIONS CONSIST OF MANAGING ITS ENDOWMENTS FOR SUPPORT AND BENEFIT OF REDINGTON FAIRVIEW GENERAL HOSPITAL, A 501(C)(3) ORGANIZATION. BUSINESS TRANSACTIONS INCLUDE CUSTODIAL SERVICES FOR THE INVESTMENTS BY CAMDEN NATIONAL WEALTH MANAGEMENT LOCATED IN PORTLAND, MAINE AND INVESTMENT OF THE FUNDS BY ROBECO INVESTMENT MANAGEMENT, INC., LOCATED IN BOSTON, MA AND GMO LOCATED IN BOSTON, MA. NO BOARD MEMBER HAS ANY FINANCIAL INTERESTS NOR BOARD MEMBERSHIP IN THESE THREE ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REDINGTON MEMORIAL HOSPITAL ASSOCIATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0NET INCOME FROM INVEST.
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0REDINGTON FAIRVIEW GENERAL HOSPITAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1REDINGTON FAIRVIEW GENERAL HOSPITAL
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