SOUTHERN HARBOR ELDERCARE SERVICES

EIN: 320451503 501(c)(3) Human Services

NORTH HAVEN, ME

Total Revenue
$645,094
Total Expenses
$501,233
Total Assets
$4,237,425
Net Assets
$3,462,386
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
ME
Principal Officer
Kathi Lovell
Phone
2078672345
Tax Period
2023-01-01 to 2023-12-31

SOUTHERN HARBOR ELDERCARE SERVICES, founded in 2014, is a small nonprofit in the Human Services sector that reported $645K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $144K, a strong 22% operating margin.

Mission

Our mission is to provide high quality on-island care in a safe, nurturing, and truly residential environment for year-round and seasonal members of the North Haven community who cannot remain in their longtime homes.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $260,415
Program Service Revenue $318,415
Investment Income $52,403
Other Revenue $13,861
TOTAL REVENUE $645,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $286,633
Fundraising Expenses $28,443
Program Expenses $356,411
Other Expenses $214,600
TOTAL EXPENSES $501,233

Year-over-Year Comparison

2023 2022 Change
Revenue $645,094 $377,935 +0.7%
Expenses $501,233 $471,895 +0.1%
Net Income $143,861 $-93,960 -2.5%
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

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Governance

Voting Members
12
Independent Members
12
Employees
17
Volunteers
10

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDSEY BEVERAGE ADMINISTRATOR 35.00
$52,971 $0 $52,971
Sandy Gilman Secretary 5.00
Officer Director
$0 $0 $0
Mary Terry Vice President 7.00
Officer Director
$0 $0 $0
Donald Pearson board member 2.00
Director
$0 $0 $0
Cornelia Newell Treasurer 5.00
Officer Director
$0 $0 $0
Holly Ambler BOARD MEMBER 5.00
Director
$0 $0 $0
Melinda Cheston BOARD MEMBER 5.00
Director
$0 $0 $0
Robert Jenkens Asst. Treasurer 3.00
Officer Director
$0 $0 $0
Jessie Hallowell BOARD MEMBER 1.00
Director
$0 $0 $0
Lisa Shields BOARD MEMBER 1.00
Director
$0 $0 $0
Kathi Lovell President 7.00
Officer Director
$0 $0 $0
Maggie Salter BOARD MEMBER 2.00
Director
$0 $0 $0
Bruce Gilman BOARD MEMBER 1.00
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
2024 No data No data No data No data
2023 $645,094 $501,233 $4,237,425 $143,861
2022 $377,935 $471,895 $4,047,764 $-93,960
2021 $664,432 $419,857 $4,250,390 $244,575
2020 $373,529 $415,129 $3,967,554 $-41,600
2019 $246,024 $419,323 $3,955,880 $-173,299
2018 $3,177,603 $95,700 $4,098,343 $3,081,903
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