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Nonprofiteer
← LINCOLNHEALTH COVES EDGE

Form 990 for tax year 2023

Filed by LINCOLNHEALTH COVES EDGE.

Totals

Total revenue
$10,173,767
Total expenses
$14,632,200
Contributions and grants received
$1,300
Grants paid
$0
Program service revenue
$9,494,364
Investment income
$176,610
Other revenue
$501,493
Total assets, end of year
$7,400,787
Total liabilities, end of year
$10,383,963
Net assets or fund balances, end of year
-$2,983,176
Program services expenses (Part IX)
$12,960,787
Management and general expenses
$1,671,413
Fundraising expenses
$0
Program service expenses (Part III)
$12,960,787

Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,300

  • 2a · Program service revenue: PATIENT SERVICE REV.

    total $6,710,387 · related or exempt $6,710,387

  • 2b · Program service revenue: RESIDENT SERVICE REV.

    total $2,783,977 · related or exempt $2,783,977

  • 3 · Investment income

    total $77,264 · excluded $77,264

  • 6a · Gross rents

    real property $20,769 · personal property $2,432

  • 6b · Less rental expenses

    real property $0 · personal property $2,432

  • 6c · Rental income or loss

    real property $20,769 · personal property $0

  • 6d · Net rental income or loss

    total $20,769 · unrelated business $20,769

  • 7a · Gross sales of assets other than inventory

    securities $1,218,405 · other assets $422,321

  • 7b · Less cost or other basis and sales expenses

    securities $1,206,380 · other assets $335,000

  • 7c · Gain or loss

    securities $12,025 · other assets $87,321

  • 7d · Net gain or loss

    total $99,346 · related or exempt $99,346

  • 11a · Other revenue: Contract Service

    total $423,596 · unrelated business $423,596

  • 11b · Other revenue: Management Fees

    total $37,316 · unrelated business $37,316

  • 11c · Other revenue: Admin & Support Servic

    total $19,512 · related or exempt $19,512

  • 11d · All other revenue

    total $300 · unrelated business $300

  • 11e · Other revenue, total

    $480,724

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,858,682 · program services $5,858,682

  • 8 · Pension plan contributions

    total $228,180 · program services $228,180

  • 9 · Other employee benefits

    total $1,028,489 · program services $1,026,489 · management and general $2,000

  • 10 · Payroll taxes

    total $447,845 · program services $447,845

  • 11g · Fees: other

    total $1,823,850 · program services $1,823,850

  • 12 · Advertising and promotion

    total $2,000 · program services $2,000

  • 13 · Office expenses

    total $125,838 · program services $109,277 · management and general $16,561

  • 14 · Information technology

    total $6,290 · program services $2,894 · management and general $3,396

  • 16 · Occupancy

    total $362,337 · program services $362,337

  • 17 · Travel

    total $30,506 · program services $30,506

  • 20 · Interest

    total $40,676 · program services $40,676

  • 22 · Depreciation, depletion and amortization

    total $419,021 · program services $419,021

  • 23 · Insurance

    total $32,307 · program services $12,283 · management and general $20,024

  • 24a · Other expenses: INTEGRATED SERVICES

    total $1,896,786 · program services $267,354 · management and general $1,629,432

  • 24b · Other expenses: PURCHASED SERVICES

    total $1,399,279 · program services $1,399,279

  • 24c · Other expenses: STATE NURSING HOME TAX

    total $458,680 · program services $458,680

  • 24d · Other expenses: NON MEDICAL SUPPLIES

    total $214,611 · program services $214,611

  • 24e · All other expenses

    total $256,823 · program services $256,823

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $350 · end of year $350

  • 2 · Savings and temporary cash investments

    beginning of year $175,301 · end of year $201,222

  • 4 · Accounts receivable

    beginning of year $744,841 · end of year $780,984

  • 8 · Inventories for sale or use

    beginning of year $79,294 · end of year $68,522

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,084 · end of year $132,115

  • 10a · Land, buildings and equipment: cost or other basis

    $20,114,485

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,186,845

  • 10c · Land, buildings and equipment, net

    beginning of year $3,405,121 · end of year $2,927,640

  • 11 · Investments: publicly traded securities

    beginning of year $2,135,863 · end of year $2,441,780

  • 12 · Investments: other securities

    beginning of year $199,339 · end of year $117,026

  • 15 · Other assets

    beginning of year $894,513 · end of year $731,148

  • 17 · Accounts payable and accrued expenses

    beginning of year $960,910 · end of year $915,729

  • 19 · Deferred revenue

    beginning of year $17,024 · end of year $745,651

  • 20 · Tax-exempt bond liabilities

    beginning of year $917,027 · end of year $696,493

  • 25 · Other liabilities

    beginning of year $976,418 · end of year $8,026,090

  • 27 · Net assets without donor restrictions

    beginning of year $4,260,948 · end of year -$3,551,293

  • 28 · Net assets with donor restrictions

    beginning of year $521,379 · end of year $568,117

Mission and programs · 2023

Mission

See Schedule O

Activities or mission (Part I)

LincolnHealth Cove's Edge will uphold the trust placed in us by assuring: -the best and most compassionate skilled nursing, long term-care, assisted living and adult day care services from well trained professionals. -that the independence and dignity of our patients, residents, and clients will always be respected, and promoting open communication in all care decisions that, as a not-for-profit organization, we will be trustworthy stewards of our resources. -our active participation and support of the Mainehealth family.

  • Long Term Care - LincolnHealth Cove's Edge long term care program services include a 76 bed, dually licensed facility that provides both skilled and long term nursing care to its residents. For the year ending September 30, 2024, LincolnHealth Cove's Edge had 16,451 patient days. Of those days, 7% represented Medicare patients, and 70% MaineCare patients.

    Expenses $8,763,364 · Revenue $6,769,466

  • Residential Care - LincolnHealth Cove's Edge provides residential care at its Chase Point facility. Chase Point consists of 24 residential care apartments and 18 dementia care beds. For the year ending September 30, 2024, Chase Point had 4,751 Residential Care patient days, and 6,006 dementia care patient days. Of the dementia care days, 46% represented MaineCare patients.

    Expenses $3,774,773 · Revenue $2,843,756

  • Schooner Cove Cooperative provides maintenance and other services for Schooner Cove, a congregate living facility located in Damariscotta, Maine.

    Expenses $422,650

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Russ MD

    Physician, LH

    Total calculated
    $408,883
    From this org
    $0
    From related orgs
    $389,377
    Other
    $19,506
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,135 related
    Bonus
    $0 + $53,391 related
    Other
    $0 + $95,851 related
    Deferred
    $0 + $17,164 related
    Nontaxable benefits
    $0 + $2,342 related
    Filer's total
    $0 + $408,883 related

  • Aquilino Alamo MD

    Physician, LH

    Total calculated
    $388,647
    From this org
    $0
    From related orgs
    $336,999
    Other
    $51,648
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,784 related
    Bonus
    $0 + $63,632 related
    Other
    $0 + $53,583 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $35,148 related
    Filer's total
    $0 + $388,647 related

  • Kelly Elkins

    Chief Operating Officer, MH

    Total calculated
    $1,217,045
    From this org
    $0
    From related orgs
    $1,184,527
    Other
    $32,518
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $791,585 related
    Bonus
    $0 + $337,472 related
    Other
    $0 + $55,470 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $19,318 related
    Filer's total
    $0 + $1,217,045 related

  • Omar Hasan MD

    Chief Quality Officer, MH

    Total calculated
    $819,006
    From this org
    $0
    From related orgs
    $762,419
    Other
    $56,587
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $475,313 related
    Bonus
    $0 + $156,045 related
    Other
    $0 + $131,061 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $40,087 related
    Filer's total
    $0 + $819,006 related

  • Russell Mack MD

    Physician, LH

    Total calculated
    $151,950
    From this org
    $0
    From related orgs
    $151,950
    Other
    $0
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,950 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $151,950 related

  • Samira Hasan DO

    Physician, LH

    Total calculated
    $686,550
    From this org
    $0
    From related orgs
    $633,326
    Other
    $53,224
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,862 related
    Bonus
    $0 + $184,662 related
    Other
    $0 + $62,802 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $36,724 related
    Filer's total
    $0 + $686,550 related

  • Sean O'Donnell MD

    Physician, LH

    Total calculated
    $366,357
    From this org
    $0
    From related orgs
    $316,672
    Other
    $49,685
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,438 related
    Bonus
    $0 + $1,420 related
    Other
    $0 + $93,814 related
    Deferred
    $0 + $16,342 related
    Nontaxable benefits
    $0 + $33,343 related
    Filer's total
    $0 + $366,357 related

  • Timothy Fox MD

    Physician, LH

    Total calculated
    $476,965
    From this org
    $0
    From related orgs
    $423,783
    Other
    $53,182
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,402 related
    Bonus
    $0 + $52,627 related
    Other
    $0 + $45,754 related
    Deferred
    $0 + $13,927 related
    Nontaxable benefits
    $0 + $39,255 related
    Filer's total
    $0 + $476,965 related

  • Bruce P Garren

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Marva Nesbit

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jack T Fulmer MD

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Leslie Fossel

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Denise Soucy MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Holly Stover

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Peter Wood

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Meagan G Hamblett

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Louis Sell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Wayne Moore

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bruce Lutsk

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jessica Pinkham RN

    Director of Surgical Services

    Total calculated
    $142,633
    From this org
    $0
    From related orgs
    $109,120
    Other
    $33,513
    Hours/week
    1 + 50 related

  • Cynthia Wade

    President, LH

    Total calculated
    $521,081
    From this org
    $0
    From related orgs
    $464,470
    Other
    $56,611
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,753 related
    Bonus
    $0 + $94,116 related
    Other
    $0 + $60,601 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $40,111 related
    Filer's total
    $0 + $521,081 related

  • Wayne Printy

    Chief Financial Officer

    Total calculated
    $351,451
    From this org
    $0
    From related orgs
    $293,205
    Other
    $58,246
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,860 related
    Bonus
    $0 + $38,982 related
    Other
    $0 + $13,363 related
    Deferred
    $0 + $23,983 related
    Nontaxable benefits
    $0 + $34,263 related
    Filer's total
    $0 + $351,451 related

  • Cheryl L Dobbelsteyn

    Senior Director

    Total calculated
    $165,975
    From this org
    $142,048
    From related orgs
    $0
    Other
    $23,927
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,769
    Bonus
    $0
    Other
    $1,279
    Deferred
    $7,320
    Nontaxable benefits
    $16,607
    Filer's total
    $165,975

  • Kathryn A Bean

    Registered Nurse

    Total calculated
    $158,510
    From this org
    $145,881
    From related orgs
    $0
    Other
    $12,629
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $92,071
    Bonus
    $2,700
    Other
    $51,110
    Deferred
    $4,106
    Nontaxable benefits
    $8,523
    Filer's total
    $158,510

  • Cynthia T Lindsley

    Manager of Clinical Nursing

    Total calculated
    $108,929
    From this org
    $103,844
    From related orgs
    $0
    Other
    $5,085
    Hours/week
    50

  • Thelma A Hannan

    Director of Nursing

    Total calculated
    $145,894
    From this org
    $109,222
    From related orgs
    $0
    Other
    $36,672
    Hours/week
    50

  • Wanda Wilcox

    Executive Director

    Total calculated
    $160,889
    From this org
    $134,954
    From related orgs
    $0
    Other
    $25,935
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $131,471
    Bonus
    $0
    Other
    $3,483
    Deferred
    $6,954
    Nontaxable benefits
    $18,981
    Filer's total
    $160,889

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4a
Kathryn A. Bean, RN received severance payments totaling $39,271 during calendar year 2023 from the organization.
Part I, Line 7
MaineHealth established a Performance Incentive Plan (the Plan) to encourage and reward Plan participants for achieving defined performance goals that are supportive of MaineHealth's mission, strategic initiatives, and operating objectives. The Plan is administered by the MaineHealth Compensation Committee of the Board of Trustees.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PBH Management Company

    C · Management services · ME

  • Maine Medical Partners

    C · Healthcare · ME

  • Waldo County Healthcare Mgmt Co

    C · Management services · ME

  • Midcoast Health Management Corp

    C · Management services · ME

  • Mid Coast Medical Group

    C · Management services · ME

  • Thornton Oaks Development Corp

    C · Management services · ME

Provenance

Return type
form_990
Tax year
2023
Filed
23 July 2025
IRS schema version
2023v6.0
Source object
202502199349301825

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