Vinalhaven, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Vinalhaven Eldercare Services, founded in 1998, is a small nonprofit in the Human Services sector that reported $828K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $782K left a modest 6% surplus.
Vinalhaven Eldercare Services' mission is to provide the opportunity for Vinalhaven elders to age in place: in their homes, in the community, on the island, to maintain elder's connections to island traditions, community and family, to promote dignity, safety, health, comfort and a respectable quality of life and to be a sustainable organization.
The Organization operates the Ivan Calderwood Homestead, an eight-person assisted living facility. Eight rooms provide housing to elders of Vinalhaven who are no longer able to remain in their homes...
The Organization operates the Ivan Calderwood Homestead, an eight-person assisted living facility. Eight rooms provide housing to elders of Vinalhaven who are no longer able to remain in their homes. The Homestead also houses a Senior Center providing adult activities.
The Organization provides support for elderly on the island, including meals on wheels and medical alert services.
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 | $827,972 | $892,419 | -0.1% |
| Expenses | $782,129 | $802,060 | 0.0% |
| Net Income | $45,843 | $90,359 | -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 |
|---|---|---|---|---|---|---|
| Patrick Shane | President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Anne Debow | Vice-President | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| Shelby Smith | Treasurer | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| James Grumbach | Secretary | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| Paige Arey | Director | 0.25 |
Director
|
$0 | $0 | $0 |
| Jeffrey Aronson | Director | 0.25 |
Director
|
$0 | $0 | $0 |
| John Cochran | Director | 0.25 |
Director
|
$0 | $0 | $0 |
| Brady Stolz | Director | 0.25 |
Director
|
$0 | $0 | $0 |
| Sarah Newton | Director | 0.25 |
Director
|
$0 | $0 | $0 |
| Anne Barrett | Past Director | 0.25 |
Director
|
$0 | $0 | $0 |
| Eric Gasperini | Past Director | 0.25 |
Director
|
$0 | $0 | $0 |
| Sandra Alley | Administrator/CEO | 36.00 |
Officer
|
$66,788 | $1,470 | $68,258 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $827,972 | $782,129 | $1,022,112 | $45,843 |
| 2024 | $892,419 | $802,060 | $963,451 | $90,359 |
| 2023 | $760,079 | $820,588 | $869,767 | $-60,509 |
| 2022 | $746,629 | $723,425 | $931,969 | $23,204 |
| 2021 | $723,226 | $673,023 | $899,250 | $50,203 |
| 2020 | $731,464 | $638,026 | $840,684 | $93,438 |
| 2019 | $620,074 | $594,960 | $746,994 | $25,114 |
Compare Vinalhaven Eldercare Services with other nonprofits in Maine and across the country.