Augusta, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Maine Veterans Home, founded in 1983, is a major nonprofit in the Health Care sector that reported $119.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $111.6M left a modest 6% surplus.
To provide skilled, long term care, pharmacy and rehabilitation services for veterans, their spouses, widows, widowers, and gold star families.
Maine Veterans' Home Augusta operates 138 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. During...
Maine Veterans' Home Augusta operates 138 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. During FY25, we provided 48,229 days of care to 284 residents. Efforts to recover from the coronavirus pandemic were the primary focus in this fiscal year.
Maine Veterans' Home Scarborough operates 150 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services...
Maine Veterans' Home Scarborough operates 150 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. During FY25, we provided 49,746 days of care to 293 residents. Efforts to recover from the coronavirus pandemic were the primary focus in this fiscal year.
Maine Veterans' Home Bangor operates 150 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. During...
Maine Veterans' Home Bangor operates 150 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. During FY25, we provided 49,179 days of care to 332 residents. Efforts to recover from the coronavirus pandemic were the primary focus in this fiscal year.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $119,340,649 | $106,659,613 | +0.1% |
| Expenses | $111,596,634 | $113,203,865 | 0.0% |
| Net Income | $7,744,015 | $-6,544,252 | -2.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Donald Lagace | Board Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Steven SanPedro | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Emil Genest | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Julie Schwetz | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Angela Armstrong | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Christine Brawn | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Heather Burr | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Samuel Collins | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Christopher Gardner | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Bridget Miller | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Michael Pooler | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| David Richmond | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Brad Klawitter | CEO | 40.00 |
Officer
|
$49,077 | $0 | $49,077 |
| Sharon Fusco | Past CEO | 40.00 |
Officer
|
$143,003 | $1,921 | $144,924 |
| Kevin Brooks | CFO | 40.00 |
Officer
|
$213,816 | $35,180 | $248,996 |
| Rebecca Gagnon | COO | 40.00 |
Officer
|
$220,338 | $13,275 | $233,613 |
| Lindsay Fitzgerald | Past CWO | 40.00 |
Officer
|
$118,336 | $350 | $118,686 |
| Neil Thurlow | Director of Pharmacy Ops | 40.00 |
Highest
|
$187,293 | $41,762 | $229,055 |
| Gregory Urban | Administrator | 40.00 |
Highest
|
$163,776 | $22,455 | $186,231 |
| Jacob Anderson | Administrator | 40.00 |
Highest
|
$161,905 | $16,891 | $178,796 |
| Dakota Savage | Pharmacist | 40.00 |
Highest
|
$162,365 | $15,620 | $177,985 |
| Andrew Hawkins | Pharmacist | 40.00 |
Highest
|
$161,336 | $1,423 | $162,759 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $119,340,649 | $111,596,634 | $185,036,363 | $7,744,015 |
| 2024 | No data | No data | No data | No data |
| 2023 | $89,462,623 | $103,085,307 | $185,101,800 | $-13,622,684 |
| 2022 | $85,884,783 | $95,974,404 | $201,723,871 | $-10,089,621 |
| 2021 | $107,295,717 | $97,921,867 | $217,527,191 | $9,373,850 |
| 2020 | $126,323,581 | $101,373,945 | $187,313,138 | $24,949,636 |
| 2019 | $111,490,239 | $92,467,792 | $149,178,828 | $19,022,447 |
| 2018 | $101,148,915 | $99,351,896 | $142,234,366 | $1,797,019 |
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