DAMARISCOTTA, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LINCOLNHEALTH COVE'S EDGE, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $10.2M in total revenue in fiscal year 2023. Expenses of $14.6M exceeded revenue, resulting in a 44% operating deficit.
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...
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.
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...
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.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $10,173,767 | $10,316,524 | 0.0% |
| Expenses | $14,632,200 | $13,255,371 | +0.1% |
| Net Income | $-4,458,433 | $-2,938,847 | +0.5% |
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 |
|---|---|---|---|---|---|---|
| Andrew Russ MD | Physician, LH | 1.00 |
Director
|
$0 | $19,506 | $408,883 |
| Aquilino Alamo MD | Physician, LH | 1.00 |
Director
|
$0 | $51,648 | $388,647 |
| Kelly Elkins | Chief Operating Officer, MH | 1.00 |
Director
|
$0 | $32,518 | $1,217,045 |
| Omar Hasan MD | Chief Quality Officer, MH | 1.00 |
Director
|
$0 | $56,587 | $819,006 |
| Russell Mack MD | Physician, LH | 1.00 |
Director
|
$0 | $0 | $151,950 |
| Samira Hasan DO | Physician, LH | 1.00 |
Director
|
$0 | $53,224 | $686,550 |
| Sean O'Donnell MD | Physician, LH | 1.00 |
Director
|
$0 | $49,685 | $366,357 |
| Timothy Fox MD | Physician, LH | 1.00 |
Director
|
$0 | $53,182 | $476,965 |
| Bruce P Garren | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Marva Nesbit | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jack T Fulmer MD | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Leslie Fossel | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Denise Soucy MD | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Holly Stover | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Peter Wood | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Meagan G Hamblett | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Louis Sell | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Wayne Moore | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Bruce Lutsk | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Jessica Pinkham RN | Director of Surgical Services | 1.00 |
Director
|
$0 | $33,513 | $142,633 |
| Cynthia Wade | President, LH | 3.00 |
Officer
|
$0 | $56,611 | $521,081 |
| Wayne Printy | Chief Financial Officer | 3.00 |
Officer
|
$0 | $58,246 | $351,451 |
| Cheryl L Dobbelsteyn | Senior Director | 50.00 |
Highest
|
$142,048 | $23,927 | $165,975 |
| Kathryn A Bean | Registered Nurse | 50.00 |
Highest
|
$145,881 | $12,629 | $158,510 |
| Cynthia T Lindsley | Manager of Clinical Nursing | 50.00 |
Highest
|
$103,844 | $5,085 | $108,929 |
| Thelma A Hannan | Director of Nursing | 50.00 |
Highest
|
$109,222 | $36,672 | $145,894 |
| Wanda Wilcox | Executive Director | 50.00 |
Highest
|
$134,954 | $25,935 | $160,889 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $10,173,767 | $14,632,200 | $7,400,787 | $-4,458,433 |
| 2023 | $10,316,524 | $13,255,371 | $7,653,706 | $-2,938,847 |
| 2022 | $8,507,382 | $13,646,808 | $8,330,762 | $-5,139,426 |
| 2021 | $9,774,762 | $12,567,123 | $10,152,684 | $-2,792,361 |
| 2020 | $12,022,430 | $12,491,373 | $9,929,778 | $-468,943 |
| 2019 | $11,917,758 | $12,508,083 | $10,041,485 | $-590,325 |
| 2018 | $14,550,352 | $15,333,796 | $10,071,040 | $-783,444 |
Compare LINCOLNHEALTH COVE'S EDGE with other nonprofits in Maine and across the country.