Nonprofit · EIN 01-0353275
MARTINS POINT HEALTH CARE INC
Tax-exempt · PORTLAND, ME 04103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $550,076,243 | $554,410,222 | -$4,333,979 | $575,909,759 | $271,484,668 | $304,425,091 |
| December 31, 2023 | 990 | $545,592,486 | $518,281,788 | $27,310,698 | $496,510,079 | $124,797,551 | $371,712,528 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $543,208,925
- Investment income
- $7,793,009
- Net rental income
- $236,057
- Net gain from sales of assets
- -$398,219
- Other revenue
- -$925,691
Expenses
- Grants and similar amounts paid
- $704,350
- Compensation of officers, directors and key employees
- $2,410,775
- Other salaries and wages
- $102,042,543
- Salaries, compensation and benefits (total)
- $130,419,784
- Professional fundraising fees
- $0
- Legal fees
- $1,113,579
- Accounting fees
- $198,200
- Occupancy
- $5,947,000
- Travel
- $229,456
- Depreciation
- $4,859,881
- Program services (functional)
- $526,226,382
- Management and general (functional)
- $28,183,840
Balance sheet and other
- Total assets, start of year
- $496,510,079
- Total assets, end of year
- $575,909,759
- Total liabilities, end of year
- $271,484,668
- Net assets, end of year
- $304,425,091
- Land, buildings and equipment
- $59,775,415
- Publicly traded securities
- $245,029,567
- Net assets without donor restrictions
- $304,425,091
- Gross unrelated business income
- $9,347
- Gross receipts
- $596,590,591
- Employees
- 1,215
- Volunteers
- 0
- Year formed
- 1971
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Paul F Kasuba MD | President & CEO Trustee or director, Officer | 31 | $1,133,507 | $253,722 |
| Jonathan Easton Harvey MD | Chief Medical Officer (end 3/2024) Highest-paid employee | 40 | $927,024 | $25,459 |
| Jeffrey Brown | Chief Information Officer Highest-paid employee | 31 | $589,601 | $126,405 |
| Daniel McCormack | COO, Delivery Systems Highest-paid employee | 40 | $582,551 | $130,349 |
| Bernadette Di Re | COO, Health Plans Highest-paid employee | 31 | $676,072 | $33,385 |
| Amanda Jackson | Chief Financial Officer Officer | 31 | $545,091 | $120,299 |
| Teresa Nizza | Chief Human Resources Officer Highest-paid employee | 31 | $553,440 | $97,183 |
| David H Howes MD | Former President & CEO Former | 0 | $184,317 | $0 |
| Edward S McKersie | Chair (end 9/2024)/Treasurer Trustee or director, Officer | 1 | $47,755 | $1,413 |
| David E Currier | Secretary Officer | 1 | $48,181 | $0 |
| Kathryn Rand | Vice Chair (end 9/2024)/Chair Trustee or director, Officer | 1 | $42,755 | $2,084 |
| Barbara E Trethaway JD | Board Member Trustee or director | 1 | $40,255 | $2,166 |
| Bradford A Hunter | Treasurer (end 9/2024)/Vice Chair Trustee or director, Officer | 1 | $40,255 | $0 |
| George J Isham MD MS | Board Member Trustee or director | 1 | $37,755 | $0 |
| Cathleen Morrow MD | Board Member Trustee or director | 1 | $32,755 | $675 |
3 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Steve deCastro | Board Member Trustee or director | 1 | $30,255 | $0 |
| John Fitzsimmons | Board Member Trustee or director | 1 | $30,255 | $0 |
| Umesh Kurpad | Board Member (start 9/2024) Trustee or director | 1 | $15,164 | $1,597 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Paul F Kasuba MD | President & CEO Trustee or director, Officer | 31 | $961,583 | $229,666 |
| Daniel McCormack | COO, Delivery Systems Highest-paid employee | 40 | $574,947 | $125,200 |
| Jeffrey Brown | Chief Information Officer Highest-paid employee | 31 | $579,747 | $117,582 |
| Jonathan Easton Harvey MD | Chief Medical Officer Highest-paid employee | 40 | $524,720 | $117,204 |
| Amanda Jackson | Chief Financial Officer Officer | 31 | $514,969 | $117,286 |
| Teresa Nizza | Chief Human Resources Officer Highest-paid employee | 31 | $533,256 | $88,689 |
| Bernadette Di Re | COO, Health Plans Highest-paid employee | 31 | $501,821 | $106,377 |
| David H Howes MD | Former President & CEO Former | 0 | $249,686 | $0 |
| Edward S McKersie | Chair Trustee or director, Officer | 1 | $50,000 | $0 |
| Barbara E Trethaway JD | Board Member Trustee or director | 1 | $41,907 | $0 |
| Bradford A Hunter | Treasurer Trustee or director, Officer | 1 | $40,757 | $0 |
| Kathryn Rand | Vice Chair Trustee or director, Officer | 1 | $40,605 | $0 |
| George J Isham MD MS | Board Member Trustee or director | 1 | $40,000 | $0 |
| David E Currier | Secretary Officer | 1 | $39,471 | $0 |
| Cathleen Morrow MD | Board Member Trustee or director | 1 | $31,438 | $0 |
| Steve deCastro | Board Member Trustee or director | 1 | $30,000 | $0 |
| John Fitzsimmons | Board Member Trustee or director | 1 | $30,000 | $0 |
| Ronald F Dixon MD | Board Member (end Sept 2023) Trustee or director | 1 | $24,313 | $0 |
Address and contacts
- Address (IRS master file)
- 331 VERANDA ST, PORTLAND, ME 04103-5535
- In care of
- % WARREN EVANS
- Principal officer (990 for 2024)
- Paul F Kasuba MD, 331 Veranda Street PO Box 9746, Portland, ME 041045040
- Signed the 990
- Paul F Kasuba MD, President & CEO
- Phone
- (207) 791-3710
- Website
- www.martinspoint.org
- Return prepared by
- Baker Newman & Noyes
Mission
The mission of Martin's Point Health Care is to create a healthier community through authentic relationships built on trust.
Program accomplishments
- Provision of Health Plan Services - Please see not-for-profit narrative statement for Martin's Point on Schedule O.Expenses $440,864,433 · grants $645,153 · revenue $437,699,578
- Delivery of Medical Care - Please see not-for-profit narrative statement for Martin's Point on Schedule O.Expenses $63,996,242 · grants $59,197 · revenue $63,536,829
- 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.Expenses $21,365,707 · revenue $42,208,575
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0353275
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E320)
- Assets (IRS master file)
- $575,909,759
- Income (IRS master file)
- $596,590,591
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $550,076,243 | $554,410,222 | $575,909,759 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $545,592,486 | $518,281,788 | $496,510,079 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $525,072,936 | $498,454,800 | $497,712,566 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0353275).
Questions about MARTINS POINT HEALTH CARE INC
- What is the EIN of MARTINS POINT HEALTH CARE INC?
- The employer identification number (EIN) of MARTINS POINT HEALTH CARE INC is 01-0353275.
- Is MARTINS POINT HEALTH CARE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to MARTINS POINT HEALTH CARE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARTINS POINT HEALTH CARE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MARTINS POINT HEALTH CARE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARTINS POINT HEALTH CARE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MARTINS POINT HEALTH CARE INC?
- The 990 for the year ended December 31, 2024 names Paul F Kasuba MD.
- Who are the officers and directors of MARTINS POINT HEALTH CARE INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $1,133,507 (Paul F Kasuba MD, President & CEO).
- How much revenue does MARTINS POINT HEALTH CARE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $550,076,243, expenses of $554,410,222 and total assets of $575,909,759 at year end.
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