ELDERCARE NETWORK OF LINCOLN COUNTY (EIN 010504725) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

ALLAN S TEEL MD

Phone

2078829768

Tax Period

2023-01-01 to 2023-12-31

ELDERCARE NETWORK OF LINCOLN COUNTY, founded in 1996, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

TO FOSTER AND SUPPORT SHARED HOUSING, ADULT FAMILY CARE HOMES AND OTHER SUPPORTIVE HOUSING OPPORTUNITIES FOR THE ELDERLY IN LINCOLN COUNTY, MAINE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $230,369

Program Service Revenue $2,273,841

Investment Income $21,749

Other Revenue $78,291

TOTAL REVENUE $2,604,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,716,687

Fundraising Expenses $0

Program Expenses $2,280,916

Other Expenses $937,150

TOTAL EXPENSES $2,653,837

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,604,250	$1,989,936	+0.3%
Expenses	$2,653,837	$2,594,619	+0.0%
Net Income	$-49,587	$-604,683	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$45,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HOPE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ALLAN TEEL	EXECUTIVE DIRECTOR	40.00	Director	$45,000	$0	$45,000
JOHN MUCAHY	BOARD MEMBER	0.50	Director	$0	$0	$0
CLAIRE MOCARSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
LES FOSSEL	PRESIDENT	10.00	Officer Director	$0	$0	$0
SUSAN WILSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DR PETER GOTH	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBORAH POOR	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS MAHONEY	BOARD MEMBER	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$2,604,250	$2,653,837	$2,842,317	$-49,587
2022	$1,989,936	$2,594,619	$2,711,591	$-604,683
2021	$3,079,365	$2,573,964	$3,411,459	$505,401
2020	$2,334,266	$2,612,067	$3,390,307	$-277,801
2020	$2,320,186	$2,636,521	$3,393,565	$-316,335
2019	$2,377,070	$2,704,951	$3,572,271	$-327,881
2018	$2,500,295	$2,497,211	$4,028,250	$3,084

ELDERCARE NETWORK OF LINCOLN COUNTY