2025-10-15T09:05:55-05:00 2024-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2024-01-01 010353275 Martin's Point Health Care Inc MART 2077913710 331 Veranda Street PO Box 9746 Portland ME 041045040 Paul F Kasuba MD President & CEO 2077913710 2025-10-03 1 0 Connor Smart P02285543 2078792100 2025-10-03 2024 2025-03-06 01:10:19Z Paul F Kasuba MD 331 Veranda Street PO Box 9746 Portland ME 041045040 596590591 0 X www.martinspoint.org X 1971 ME To deliver the care every person deserves. 10 6 1215 0 9347 724 0 0 534015715 543208925 11342000 7793009 234771 -925691 545592486 550076243 524360 704350 0 0 123601599 130419784 0 0 0 394155829 423286088 518281788 554410222 27310698 -4333979 496510079 575909759 124797551 271484668 371712528 304425091 X The mission of Martin's Point Health Care is to create a healthier community through authentic relationships built on trust. 0 0 440864433 645153 437699578 Provision of Health Plan Services - Please see not-for-profit narrative statement for Martin's Point on Schedule O. 63996242 59197 63536829 Delivery of Medical Care - Please see not-for-profit narrative statement for Martin's Point on Schedule O. 21365707 0 42208575 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. 526226382 1 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 1 4011 0 1 1215 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 10 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 NH MA X Tatiana Tsay Controller 2077913710 331 Veranda Street PO Box 9746 Portland ME 041045040 Steve deCastro Board Member 1.00 0.50 X 30255 0 0 John Fitzsimmons Board Member 1.00 0.50 X 30255 0 0 George J Isham MD MS Board Member 1.00 0.50 X 37755 0 0 Umesh Kurpad Board Member (start 9/2024) 1.00 0.50 X 15164 0 1597 Cathleen Morrow MD Board Member 1.00 0.50 X 32755 0 675 Barbara E Trethaway JD Board Member 1.00 0.50 X 40255 0 2166 Edward S McKersie Chair (end 9/2024)/Treasurer 1.00 0.50 X X 47755 0 1413 Kathryn Rand Vice Chair (end 9/2024)/Chair 1.00 0.50 X X 42755 0 2084 Bradford A Hunter Treasurer (end 9/2024)/Vice Chair 1.00 0.50 X X 40255 0 0 Paul F Kasuba MD President & CEO 31.00 9.00 X X 1133507 0 253722 David E Currier Secretary 1.00 0.50 X 48181 0 0 Amanda Jackson Chief Financial Officer 31.00 9.00 X 545091 0 120299 Jonathan Easton Harvey MD Chief Medical Officer (end 3/2024) 40.00 0.00 X 927024 0 25459 Bernadette Di Re COO, Health Plans 31.00 9.00 X 676072 0 33385 Jeffrey Brown Chief Information Officer 31.00 9.00 X 589601 0 126405 Daniel McCormack COO, Delivery Systems 40.00 0.00 X 582551 0 130349 Teresa Nizza Chief Human Resources Officer 31.00 9.00 X 553440 0 97183 David H Howes MD Former President & CEO 0.00 0.00 X 184317 0 0 5556988 0 794737 318 1 1 1 MaineHealth 22 Bramhall Street Portland ME 04102 Medical services 34896149 Northern LightEastern Maine Medical Cen 489 State Street Bangor ME 04401 Medical services 10846157 Mary Hitchcock Memorial Hospital 1 Medical Center Drive Lebanon NH 03756 Medical services 9938448 Wentworth Douglass Hospital 789 Central Avenue Dover NH 03820 Medical services 7346225 HCA Health Services of New Hampshire Inc PO Box 402894 Atlanta GA 30384 Medical services 5729862 315 Health plan services 524114 437699578 437699578 Delivery of medical care 621110 63300772 63300772 Management fees 541610 42208575 42208575 543208925 8191228 9347 8181881 236057 0 236057 236057 236057 43703574 2412555 45737562 776786 -2033988 1635769 -398219 -398219 Impairment of PPE/ROU assets 900099 -1161748 -1161748 -1161748 550076243 543444982 9347 6621914 645153 645153 59197 59197 2410775 1964785 445990 102042543 83345005 18697538 4889905 3901213 988692 14423149 12049431 2373718 6653412 6012560 640852 4549009 3401803 1147206 1113579 1113579 198200 198200 415885 415885 838532 838532 6990228 6218792 771436 1815086 1797216 17870 6421995 5507449 914546 12055575 11948942 106633 5947000 5923933 23067 229456 187191 42265 1929502 1621623 307879 573757 573757 4859881 4828065 31816 1147083 545268 601815 Medical services/drugs 358297447 358261662 35785 Attributions/incentives 12555366 12555366 Provision for bad debts 2174911 2174911 Claims/pharm. admin 1173596 1173596 554410222 526226382 28183840 0 14252 5624 74754876 74164205 7775441 9640507 1908748 1667960 6961301 8309451 124890182 65114767 60228987 59775415 197187338 245029567 140301815 171094852 7377321 6222178 496510079 575909759 88861811 93203369 919722 2343813 26067659 84071199 8948359 91866287 124797551 271484668 X 371712528 304425091 371712528 304425091 496510079 575909759 X -4333979 28546542 -91500000 X X 0 1 X 1 0 X 465863370 500322136 516101295 534250486 543444982 2559982269 465863370 500322136 516101295 534250486 543444982 2559982269 0 0 0 2559982269 3697333 5144736 4915513 6824876 8181881 28764339 3697333 5144736 4915513 6824876 8181881 28764339 8615 9347 17962 469560703 505466872 521016808 541083977 551636210 2588764570 0.98890 0.98910 0.01110 0.01090 X 0 1 0 0 0 1 65248 1 55637 0 1 295000 415885 0 Part II-B, Line 1: Part II-B, Line 1f: Martin's Point partners with various like-minded trade associations which support public policies and initiatives that focus on improving health outcomes and the experience of health care, while also aiming to reduce the overall cost of receiving that care. To maintain these partnerships, Martin's Point is required to pay membership dues back to these various trade associations. A portion of the dues paid to these associations has been designated as available for lobbying expenditures. Any lobbying expenditures paid by the associations are incurred in order to help track and discuss legislation affecting health care policy. The specific dues paid by Martin's Point to the trade associations in 2024, as well as the portion of the dues that were available for lobbying expenditures, are detailed below: Alliance of Community Health Plans - Total 2024 dues: $143,708 - Portion of dues available for lobbying: $40,238 American Medical Group Association - Total 2024 dues: $12,000 - Portion of dues available for lobbying: $1,200 America's Health Insurance Plans - Total 2024 dues: $50,915 - Portion of dues available for lobbying: $22,810 Maine Medical Association - Total 2024 dues: $16,350 - Portion of dues available for lobbying: $0 Maine State Chamber - Total 2024 dues: $5,000 - Portion of dues available for lobbying: $1,000 Part II-B, Line 1b & 1g: The amount of $55,637, as reported above, represents the direct cost of wages for the time that Martin's Point's employees spent attending legislative lobbying meetings, as well as the reimbursed travel costs incurred by employees to attend the legislative meetings. Part II-B, Line 1i: Martin's Point may from time-to-time engage separate consulting firms to provide support and occasional lobbying services on behalf of the Organization. In 2024, Martin's Point contracted with the lobbying professionals named below to represent and advise the Organization on health care and public policy related matters. James Ervin, Chairman & CEO, Ervin Hill Strategy - $180,000 Hooper, Lundy & Bookman - $115,000 4564533 4564533 70762499 25955077 44807422 4049496 3334176 715320 41429034 35825514 5603520 4084620 4084620 59775415 Alternative and foreign investments 96395901 F SSGA Real Asset Fund 26202408 F Mondrian International Equity 30426673 F Corporate bonds and notes 11761207 F United States Treasury bonds and notes 5185178 F Municipal bonds 990262 F International bonds 133223 F 171094852 Due to affiliates 85704471 Long term lease obligation 6161816 91866287 X 575609342 28546542 28546542 547062800 838532 2174911 3013443 550076243 551396779 0 551396779 838532 2174911 3013443 554410222 Part X, Line 2: The Company is exempt from income taxes on related business income under Section 501(c)(3) of the Internal Revenue Code. MPGA is exempt from income taxes on related business income under Section 501(c)(4) of the Internal Revenue Code. The Company and MPGA file separate informational tax returns. The Company could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. The Company has evaluated the positions taken on its filed informational tax returns. The Company has concluded no uncertain income tax positions exist at December 31, 2024. Part XI, Line 4b - Other Adjustments: Provision for bad debts 2,174,911. Part XII, Line 4b - Other Adjustments: Provision for bad debts 2,174,911. Central America and the Caribbean - Bermuda, BVIs, Cayman Islands 0 0 Investments - FMV as of 12/31/2024 42361000 Europe (Including Iceland & Greenland) - Ireland 0 0 Investments - FMV as of 12/31/2024 5503000 0 0 0 0 0 0 47864000 0 47864000 1 0 1 1 1 0 Schedule F, Part IV: The Organization may from time-to-time make transfers to foreign corporations as part of its efforts to maintain a diversified and profitable investment portfolio. The Organization considers all transfers to foreign corporations that occur every tax year in accordance with applicable IRS Instructions. When required to do so, the Organization timely and completely files Forms 926 with the IRS as part of its annual tax filings to maintain compliance with relevant IRS guidance and regulations. The Organization did not have an ownership of any foreign corporation that exceeded the filing thresholds for Form 5471 during the fiscal year. Accordingly, Form 5471 is not required to be filed. The Organization meets the exception for tax-exempt organizations with respect to filing Form 8621. Form 8621 is not required to be filed for this fiscal year. The Organization did not have an ownership of any foreign partnership that exceeded the filing thresholds for Form 8865 during the fiscal year. Accordingly, Form 8865 is not required to be filed. 1 American Academy of Pediatrics Maine Chapter PO Box 190 Manchester ME 04351 204901024 501(c)(3) 20000 0 General support American Diabetes Association 2451 Crystal Drive 900 Arlington VA 22202 131623888 501(c)(3) 10000 0 General support American Foundation for Suicide Prevention 199 Water Street New York NY 10038 133393329 501(c)(3) 12000 0 General support American Heart Association 7272 Greenville Avenue Dallas TX 75231 135613797 501(c)(3) 16500 0 General support American Lung Association 55 West Wacker Drive 1150 Chicago IL 60601 131632524 501(c)(3) 6000 0 General support American Red Cross 431 18th Street NW Washington DC 20006 530196605 501(c)(3) 7157 0 General support Apex Youth Connection PO Box 783 Biddeford ME 04005 203684834 501(c)(3) 7000 0 General support Big Brothers Big Sisters of Southern Maine PO Box 123 Westbrook ME 04092 010475146 501(c)(3) 14784 0 General support Camp Ketcha 336 Black Point Road Scarborough ME 04074 010211784 501(c)(3) 15000 0 General support Children's Museum & Theatre of Maine 250 Thompsons Point Road Portland ME 04102 010352258 501(c)(3) 7500 0 General support Community Health Charities 1199 North Fairfax Street Suite 600 Alexandria VA 22314 136167225 501(c)(3) 12766 0 General support Full Plates Full Potential 14 Maine Street Brunswick ME 04011 822032867 501(c)(3) 15000 0 General support Girls on the Run Maine 1 Karen Drive Westbrook ME 04092 455144500 501(c)(3) 6500 0 General support Good Shepherd Food Bank PO Box 1807 Auburn ME 04211 222986809 501(c)(3) 17767 0 General support Granite State Senior Games 497 Hooksett Road 252 Manchester NH 03104 223007843 501(c)(3) 10000 0 General support Habitat for Humanity of Greater Portland 659 Warren Avenue Portland ME 04103 222570213 501(c)(3) 5500 0 General support Indigo Arts Alliance 60 Cove Street Portland ME 04101 831809512 501(c)(3) 11000 0 General support Live And Work in Maine 245 Ridge Road Bath ME 04530 845011060 501(c)(3) 15000 0 General support Maine Audubon 20 Gilsland Farm Road Falmouth ME 04105 010248780 501(c)(3) 6000 0 General support Maine Boys to Men PO Box 8325 Portland ME 04104 201117811 501(c)(3) 10000 0 General support Maine Council on Aging PO Box 988 Brunswick ME 04011 461549012 501(c)(3) 8250 0 General support Maine Gearshare 657 Old Portland Road Brunswick ME 04011 872553485 501(c)(3) 10000 0 General support Maine Senior Games PO Box 513 Scarborough ME 04070 852011728 501(c)(3) 30000 0 General support Maine State Chamber of Commerce 128 State Street Suite 101 Augusta ME 04330 010021545 501(c)(6) 7305 0 Annual dues and membership; contributions to community events and municipal development Maineshare PO Box 2095 Augusta ME 04388 010444245 501(c)(3) 25558 0 General support Make-A-Wish Foundation of Maine 66 Mussey Road Scarborough ME 04074 010477512 501(c)(3) 9000 0 General support Northern Light Health 43 Whiting Hill Road Brewer ME 04412 010527066 501(c)(3) 10000 0 General support Portland Regional Chamber 443 Congress Street Portland ME 04101 010043280 501(c)(4) 28830 0 Annual dues and membership; contributions to community events and municipal development Portland Trails 305 Commercial Street Portland ME 04101 010463028 501(c)(3) 8000 0 General support Portland Wheelers PO Box 11314 Portland ME 04104 472690824 501(c)(3) 15000 0 General support Preble Street 38 Preble Street Portland ME 04101 010418917 501(c)(3) 10000 0 General support Six Rivers Youth Sports PO Box 254 Topsham ME 04086 880878967 501(c)(3) 12500 0 General support Southern Maine Agency on Aging 30 Barra Road Biddeford ME 04005 010360259 501(c)(3) 26000 0 General support Special Surfers 146 Holmes Road Scarborough ME 040749120 463918232 501(c)(3) 10000 0 General support Spurwink 901 Washington Avenue Suite 100 Portland ME 04103 010319802 501(c)(3) 6000 0 General support Susan L Curtis Charitable Foundation 1321 Washington Avenue 104 Portland ME 04103 010324705 501(c)(3) 9500 0 General support The Center for Grieving Children 555 Forest Avenue Portland ME 04101 010431501 501(c)(3) 15000 0 General support United Way of Southern Maine 550 Forest Avenue Suite 100 Portland ME 04101 010241767 501(c)(3) 10737 0 General support University of New England 11 Hills Beach Road Biddeford ME 04005 010211810 501(c)(3) 40000 0 General support University of Southern Maine Foundation 96 Falmouth Street Portland ME 04103 043350930 501(c)(3) 53000 0 General support 38 2 Financial assistance programs available for medically necessary service, under which patients may qualify for free or reduced care. 311 59197 Part I, Line 2: All requests, solicited or unsolicited, are reviewed by the Martin's Point Health Care, Inc. Community Engagement Team (CET). The CET reviews requests and ensures continuity and consistency with the Organization's stated objective. A charitable contributions/sponsorship application is submitted providing program details and funds requested. The CET also reviews program results, and the financial health of the organizations as needed. X 1 1 X X X X 1 1 0 0 0 0 0 1 0 Paul F Kasuba MD President & CEO 801872 0 331635 0 0 0 221539 0 32183 0 1387229 0 0 0 Jonathan Easton Harvey MD Chief Medical Officer (end 3/2024) 112447 0 96010 0 718567 0 12604 0 12855 0 952483 0 265263 0 Jeffrey Brown Chief Information Officer 486816 0 102785 0 0 0 94459 0 31946 0 716006 0 0 0 Daniel McCormack COO, Delivery Systems 479766 0 102785 0 0 0 94459 0 35890 0 712900 0 0 0 Bernadette Di Re COO, Health Plans 385750 0 92816 0 197506 0 20700 0 12685 0 709457 0 163959 0 Amanda Jackson Chief Financial Officer 449330 0 95761 0 0 0 86470 0 33829 0 665390 0 0 0 Teresa Nizza Chief Human Resources Officer 410411 0 84015 0 59014 0 82622 0 14561 0 650623 0 59014 0 David H Howes MD Former President & CEO 0 0 0 0 184317 0 0 0 0 0 184317 0 184317 0 Part I, Line 1a Memberships fees to the Cumberland Club, a club used exclusively for business purposes, were paid on behalf of Paul Kasuba, President, Teresa Nizza, Chief Human Resources Officer, Dan McCormack, Chief Operating Officer, and Bernadette De Ri, Chief Operating Officer. The total cost for these memberships was $5,587.65. Part I, Lines 4a-b Schedule J, Line 4a, Severance Payments: During its tax year ending December 31, 2024, Martin's Point Health Care made severance payments to one of its highest compensated employees. Jonathan Easton Harvey, MD, who served as the Organization's Chief Medical Officer, received severance payments of $370,947. These payments were included in Dr. Harvey's 2024 Form W-2, Box 5 wages, and the amounts are included in Dr. Harvey's total Other Compensation as reported on this 2024 Form 990, Schedule J, Page 2, Part II, Line B(iii). Schedule J, Line 4b, Supplemental Non-Qualified Retirement Plans: Martin's Point Health Care, Inc. (the "Company"), established a Supplemental Executive Retirement Plan (the "Plan"), effective as of January 1, 2020, in order to help the Company recruit and retain highly qualified executives and reward them for their contributions to the success of the Company. The Plan is intended to constitute an unfunded plan maintained primarily for the purpose of providing deferred compensation to a select group of management or highly compensated employees, within the meaning of Sections 201(2), 301(a)(3), and 401(a)(1) of Employee Retirement Income Security Act of 1974, as amended ("ERISA"). The Plan is intended to be exempt from Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), by reason of the short-term deferral exception described in Treasury Regulations Section 1.409A-1(b)(4). The Plan shall be administered in a manner that is consistent with such intent and consistent with the requirements of Section 457(f) of the Code regarding the taxation of deferred compensation. Non-qualified plan compensation was accrued in 2023 and paid out as taxable compensation in 2024. Payments were reported on the Organization's 2024 Schedule J, Part II as adjusted for the non-qualified plan. Distributions from the 457(f) plan that occurred in 2024 and were considered to be taxable income are included within the amounts reported on this Form 990, Schedule J, Part II, as Other Compensation in Column b(iii). Furthermore, such amounts that relate to deferred compensation in past tax years are all listed on this Form 990, Part II, Column F. For purposes of this Form 990, Schedule J, this applies to the following individuals for the listed amounts: - Bernadetta Di Re: $163,959 - Teresa Nizza: $59,014 - Jonathan Harvey, MD: $265,263 - David Howes, $184,317 Additionally, the following persons received funding and contributions to their 457(f) Plans in the 2024 tax year: - Paul F. Kasuba, MD: $200,839 - Amanda Jackson: $69,118 - Jeffrey Brown: $73,759 - Daniel McCormack: $73,759 - Teresa Nizza: $61,922 Funding and contributions to these individuals' 457(F) Plans are included in the amounts reported on this Schedule J, Part II, Column C. In accordance with IRS Guidance and Instructions, taxable payments and distributions made from the plan accrued during 2024 and made in 2025 will be included in the applicable individuals' compensation as reported on the 2025 Schedule J. Part I, Line 7 Some of the compensation for individuals listed in Part VII of Form 990 is calculated through the Achievement Plan (The Plan). The Plan is an earned bonus which is variable based on obtaining a combination of corporate goals. The goal of the Achievement Plan is to focus employees on meeting critical performance measures. Form 990, Part VII, Section A, Line 5: David Currier is a non-voting member of the board of directors serving as an officer in the role of secretary. Mr. Currier bills for his time spent devoted to his duties on the board of directors through his law firm. In 2024, Martin's Point Health Care, Inc. paid Mr. Currier's law firm $48,181.25 for his services rendered to Martin's Point Health Care, Inc. and its affiliate, Martin's Point Generations Advantage, Inc. during the year. In accordance with IRS instructions, this has been reported in Form 990, Part VII as reportable compensation to Mr. Currier as if it were paid directly to him from Martin's Point Health Care, Inc. A Finance Authority of Maine 010392006 2020-04-29 25320000 Funding for 54,400 sq ft Health Center 0 0 0 B Maine Health and Higher Educational Facilities 010314384 2024-09-10 68254796 Veranda Campus Facilities Project 0 0 0 A 2813333 25320000 218341 25320000 2021 0 0 1 1 B 68254796 4153350 5853349 811136 3010004 39600 54387357 0 0 1 1 A 0 1 0 0 0.00860 0.00860 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 Schedule K, Part III, Line 9, Part IV, line 7 and Part V: Martin's Point Health Care has no written tax-exempt bond policies of their own, however, the issuers of the bonds have written post issuance compliance procedures in place and Martin's Point Health Care, Inc. has a Tax Regulatory Agreement with the issuers. Pursuant to IRS Instructions for Form 990, Schedule K, and in collaboration with bond counsel, the Organization has determined that an amount greater than zero should be disclosed on this Form 990, Schedule K, Part III, Line 4, for the percentage of tax-exempt bond-financed property used for the benefit of a private business. Martin's Point Health Care participated in tax-exempt bond issuances to obtain funding for the purpose of maintaining and improving a medical health care center and campus. A nominal portion of these tax-exempt bond proceeds were used for the benefit of private business interests. Such benefits were related to and incurred in the course of the facility upgrades and improvements. Edward S McKersie Board Member, Treasurer, Board Chair 268615 Edward S. McKersie served on the Board of Martin's Point Health Care (MPHC) as a voting board member and as MPHC's Board Chair in 2024. Mr. McKersie is also the Founder and President of Pro Search Inc., a recruiting, staffing, and networking firm. During the 2024 tax year, MPHC paid Pro Search Inc. $268,615 for staffing solutions and personnel services. All transactions between MPHC and Pro Search Inc. were considered to be at arm's length and for the fair market value of the services provided. 0 Ford Hunter Family Member of Director 15141 Bradford A. Hunter served on the Organization's Board as a voting-member and as the Board Treasurer and Vice Chair during the period covered by this Form 990. Bradford Hunter's son, Ford Hunter, became an employee of the Organization in July 2023, as a member service representative. Ford Hunter received compensation of $15,141 from the Organization in return for services rendered on behalf of Martin's Point Health Care in his capacity in this role. The compensation and benefits paid to Ford Hunter were deemed to be appropriate and reasonable relative to the quantity and quality of services performed. Ford Hunter's compensation and benefits were paid pursuant to the Organization's compensation and conflict of interest policies. 0 Form 990, Part III, Line 4a & 4b: Martin's Point Health Care is a not-for-profit, mission-driven organization serving our community's health care needs by delivering exceptional health care and insurance plan coverage for patients and members. We maintain a focus on preventative, integrated health care, care management, access, education, and quality, and achieve successful outcomes by improving the health and well-being of those we serve. PROVIDING HIGH-QUALITY PRIMARY CARE In 2024, Martin's Point Health Care: - Served about 95,000 patients through family medicine, pediatrics, internal medicine, sports medicine, cosmetic dermatology, physical therapy, and more. Additionally, our patients have expanded access to onsite radiology, pharmacy, and laboratory services. - Participated in over 60 community events and provided critical services to ensure our senior population remains active - both physically and mentally - through activities such as online chair yoga, healthy living seminars, and more. - Ensured successful health outcomes by structuring our provider's and medical staff work around a central care team model. Through this team-based approach, we are able to improve effectiveness in patient treatment, work collaboratively to anticipate patient needs, and better coordinate care options. - Remained committed to our mission of delivering the care every person deserves, by providing nearly $60,000 in financial assistance to patients who are unable to pay for services. ADMINISTRATING THE US FAMILY HEALTH PLAN Martin's Point offers a TRICARE Prime plan for select groups throughout the Northeast. Our plan members receive comprehensive benefits and quality care. In 2024, Martin's Point Health Care: - Served as one of six contracted health plan administrators to the Department of Defense of the US Family Health Plan for military beneficiaries. Through this plan, Martin's Point serves families of active-duty personnel, including activated National Guard and Reserve, and military retirees and their families across Northern New England, Upstate New York, and Northern Pennsylvania. In 2024, our US Family Health Plan served about 45,000 members. - The Martin's Point US Family Health Plan received a 4.0-out-of-5 Star rating from The National Committee on Quality Assurance (NCQA) for its access to quality care, prevention and wellness efforts, management of chronic diseases, and overall quality of member experience. NCQA uses measures of clinical quality (HEDIS) and patient experience (CAHPS) and Standards from the NCQA Accreditation process to rate health plans. COMMITTED TO AN EXCEPTIONAL PATIENT- AND MEMBER-CENTRIC EXPERIENCE Martin's Point is committed to providing exceptional care and service, ensuring a patient/member-centric experience, where patient and/or member needs and expectations are the central driver for how care is managed. This stands as a key area of focus as well as the metric by which we measure our success. This work is driven by three principles: 1) to improve the experience of care, 2) to improve health outcomes, and 3) to reduce overall costs. To achieve these goals, we are working to make systemic changes to the way primary care is delivered and coordinated. In 2024, Martin's Point Health Care: - Continued to enhance our Primary Care Comprehensive Payment model to encourage and reward quality care and a better health care experience. - Participated as a member of the national Alliance of Community Health Plans, which is comprised of 20 of the top performing community and regional non-profit health plans. MARTIN'S POINT - MAKING A DIFFERENCE IN OUR COMMUNITY Martin's Point is committed to making a difference and improving lives in the communities we serve. In addition to actions that support this work through our services for patients and members, the organization also serves as a leader in the philanthropic community. Direct Medical Services for our Community: To support the neediest members of our community, we provide free care on a sliding scale. In 2024, we provided over $62,000 of services and $53,000 for prescription drugs to uninsured and underinsured members of our community through this program. We also offer a prompt pay discount for amounts not covered by insurance which reduced costs for the uninsured by almost $39,000 in 2024. All of our services are available to Medicare and Medicaid patients. These government programs do not pay the full cost of services provided. Unlike some local for-profit physician's practices, Martin's Point provides services under these programs to everyone as a benefit to the community. In 2024, the cost of services provided exceeded reimbursements by nearly seventeen million dollars. In 2024, Martin's Point Health Care: - Contributed over $880,000 in financial support to over 120 health care and community nonprofit organizations, agencies, and groups throughout Maine, New Hampshire, and New York. - Employees personally and collectively contributed $47,768 of their wages to their local United Ways and other charities, which Martin's Point matches, dollar for dollar. - Employees from across the organization also actively volunteered their own time to represent Martin's Point Health Care in significant fundraising events for the American Diabetes Association, American Heart Association, Maine Cancer Foundation, American Lung Association, and many more. - Martin's Point is proud to support our employees in their efforts and ability to make a difference in our communities. Thus, Martin's Point provides a volunteer time-off policy which makes it easier for our employees to do direct volunteer service and serve on community boards and committees. In 2024, this totaled over 3,200 hours, which represents about $124,000 in wages to employees for volunteer time. Martin's Point donated over $880,000 in monetary support to over 120 community partners and efforts in which our employees are engaged. Form 990, Part VI, Section B, line 11b The Form 990 is prepared internally with assistance from an outside CPA firm. The return is reviewed in detail by management. A copy of the Form 990 is provided to the Board of Directors before filing. Form 990, Part VI, Section B, line 12c Every employee is required to complete a New Hire Compliance Training within the first 30 days of employment. This training includes compliance guidelines for the conflict of interest policy. All employees, as a condition of employment, take the annual compliance training with includes conflict of interest training. Questions specific to identifying conflict of interest are answered by each employee. Reported conflicts are managed by the Compliance & Legal Affairs Department. All board directors receive conflict of interest training and must attest to having no conflicts annually. Form 990, Part VI, Section B, line 15 Each year, Martin's Point Health Care's Compensation Committee, which is comprised of independent Board Members, works with an independent health care compensation consulting firm to obtain third-party market data for positions that are functionally comparable to those held by our executives in organizations of comparable size based on net revenue and/or health plan membership. This data, as well as the consultant's report showing where our executives fall in relation to the market data, is reviewed by the Committee prior to determining compensation adjustments for the Chief Executive Officer and other executives. The Committee's deliberations in this regard are documented in its meeting minutes. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, Form 990, and audited financial statements available to the general public upon request. Form 990, Part VI, Line 1b: Certain individuals listed in Part VII as board members of the Organization received reportable compensation from the Organization in excess of $10,000. Other than the CEO, members were not compensated as employees of the Organization or as employees of a related organization during the current tax year. Furthermore, those members did not receive total compensation or other payments exceeding $10,000 during the Organization's tax year from the Organization or from a related organization for services as independent contractors. All compensation reported in Part VII for those individuals is deemed to be reasonable compensation for services provided in their capacity as a member of the governing body. Accordingly, those individuals still serving as board members at the end of this tax year have been considered Independent in accordance with IRS Form 990 Instructions. Form 990, Part XI, line 9: Transfers to affiliates -91,500,000. Form 990, Part XII, Line 2c: The audit process has not changed from the prior year. Martin's Point Generations Advantage Inc 331 Veranda Street PO Box 9746 Portland ME 041045040 474682941 Medicare Advantage HMO with PPO and POS options ME 501(c)(4) Martin's Point Health Care 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 1 0 Martin's Point Generations Advantage Inc E 85704471 Actual cost Martin's Point Generations Advantage Inc L 21365707 Actual cost Martin's Point Generations Advantage Inc R 91500000 Actual cost