LincolnHealth Medical Partners Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

Cynthia Wade

Phone

2076338402

Tax Period

2023-10-01 to 2024-09-30

Mission

The Corporation operates for the purpose of providing medical & health services, including primary & specialized care, through licensed physicians & other health professionals primarily in Lincoln County, Maine. Effective February 5, 2023 the operations of LincolnHealth Medical Partners have been transferred to MaineHealth (EIN # 01-0238552).

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

LincolnHealth Medical Partners, Inc.(LHP) operated for the purpose of providing medical and health services, including primary and specialized care, through licensed physicians and other health...

LincolnHealth Medical Partners, Inc.(LHP) operated for the purpose of providing medical and health services, including primary and specialized care, through licensed physicians and other health professionals primarily in Lincoln County. The operations and all assets of LHP have been transferred to MaineHealth (EIN # 01-0238552) effective February 5, 2023. The organization was administratively dissolved by the State of Maine on 11/7/24 and a final short period return for the period 10/1/24 through 11/7/24 will be filed by the organization.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$7,407,420	-1.0%
Expenses	N/A	$7,407,420	-1.0%
Net Income	N/A	$0	N/A

Key Indicators

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

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Financial Health Indicators

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

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

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

$872,532

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia Wade	PRESIDENT	3.00	Officer	$0	$56,611	$521,081
Wayne Printy	CHIEF FINANCIAL OFFICER	3.00	Officer	$0	$58,246	$351,451

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
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$7,407,420	$7,407,420	No data	No data
2022	$21,092,481	$21,092,481	No data	No data
2021	$19,425,145	$19,425,145	$995,637	No data
2020	$18,265,962	$18,265,962	$1,110,116	No data
2019	$17,510,519	$17,510,519	$1,434,211	No data
2018	$15,947,237	$15,947,237	$1,177,757	No data