Maine Veterans Home
- Assets
- $201.7m
- Revenue
- $85.9m
- Investments
- $0.0
- Employees
- 1,434
- Location
- Augusta, ME
- Founding
- 09/1981
- Data as of
- 06/2022
- EIN
- 01-0376832
Organization Overview
Maine Veterans Home is located in Augusta, ME. The organization was established in 1981. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Maine Veterans Home employed 1,434 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Veterans Home is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Maine Veterans Home generated $85.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $96.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINE VETERANS' HOMES PROVIDES SKILLED NURSING AND REHABILITATION, LONG TERM CARE, MEMORY CARE, PHARMACY SUPPORT AND CONSULTATION, AND ASSISTED LIVING SERVICES FOR VETERANS AND ELIGIBLE FAMILY MEMBERS AT SIX FACILITIES ACROSS MAINE.
Describe the Organization's Program Activity:
MAINE VETERANS' HOMES AUGUSTA OPERATES 138 BEDS, PROVIDING SKILLED NURSING, PHYSICAL/OCCUPATIONAL/SPEECH THERAPY AND REHABILITATION, LONG-TERM CARE, MEMORY CARE, AND ASSISTED LIVING SERVICES. DURING FY22, WE PROVIDED 38,751 DAYS OF CARE TO 184 RESIDENTS. EFFORTS TO PROTECT OUR RESIDENTS FROM THE CORONAVIRUS WERE ALL CONSUMING IN THIS FISCAL YEAR.
WE OPERATE THREE ADDITIONAL FACILITIES IN MAINE, ONE IN SOUTH PARIS (90 BEDS), CARIBOU (70 BEDS) AND MACHIAS (30 BEDS). DURING FY22, WE PROVIDED A COMBINED TOTAL OF 56,902 DAYS OF CARE TO 243 RESIDENTS. MVH PHARMACIES PROVIDES MEDICATION AND CONSULTING SERVICES TO ALL SIX MVH FACILITIES AND EXTERNAL NURSING HOMES.
MAINE VETERANS' HOMES SCARBOROUGH OPERATES 150 BEDS, PROVIDING SKILLED NURSING, PHYSICAL/OCCUPATIONAL/SPEECH THERAPY AND REHABILITATION, LONG-TERM CARE, MEMORY CARE, AND ASSISTED LIVING SERVICES. DURING FY22, WE PROVIDED 41,864 DAYS OF CARE TO 241 RESIDENTS. EFFORTS TO PROTECT OUR RESIDENTS FROM THE CORONAVIRUS WERE ALL CONSUMING IN THIS FISCAL YEAR.
MAINE VETERANS' HOMES BANGOR OPERATES 150 BEDS, PROVIDING SKILLED NURSING, PHYSICAL/OCCUPATIONAL/SPEECH THERAPY AND REHABILITATION, LONG-TERM CARE, MEMORY CARE, AND ASSISTED LIVING SERVICES. DURING FISCAL YEAR 2022, WE PROVIDED 44,069 DAYS OF CARE TO 209 RESIDENTS. EFFORTS TO PROTECT OUR RESIDENTS FROM THE CORONAVIRUS WERE ALL CONSUMING IN THIS FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Fournier Chief Operations Officer | Officer | 40 | $214,116 |
Kelley Kash Chief Executive Officer | Officer | 40 | $225,635 |
James Mcquaid Chief Pharmacy Officer | 40 | $201,279 | |
Kevin Brooks Chief Financial Officer | Officer | 40 | $169,814 |
Neil Thurlow Assistant Director Of Pharmacy | 40 | $162,230 | |
Lewanne Hughes Pharmacist | 40 | $151,941 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cianbro Square General Contractor | 6/29/22 | $5,683,703 |
Hudson Staffing Pllc Contract Nursing | 6/29/22 | $3,221,426 |
Pro Ems Solutions Inc Covid Testing Services | 6/29/22 | $1,275,120 |
Aaa Energy Service Company Energy Service | 6/29/22 | $1,011,396 |
Select Rehabilitation Inc Rehabilitation Services | 6/29/22 | $696,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,777,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,112,278 |
| Total Program Service Revenue | $76,674,281 |
| Investment income | $815,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,520 |
| Net Gain/Loss on Asset Sales | -$939,451 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,224,534 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,884,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $783,027 |
| Compensation of current officers, directors, key employees. | $783,027 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,452,846 |
| Pension plan accruals and contributions | -$202,461 |
| Other employee benefits | $7,608,845 |
| Payroll taxes | $689,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $131,552 |
| Fees for services: Accounting | $85,182 |
| Fees for services: Lobbying | $66,141 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,917 |
| Fees for services: Other | $12,779,507 |
| Advertising and promotion | $136,732 |
| Office expenses | $2,160,548 |
| Information technology | $746,986 |
| Royalties | $0 |
| Occupancy | $2,661,787 |
| Travel | $67,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,131 |
| Interest | $1,438,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,686,921 |
| Insurance | $1,300,290 |
| All other expenses | $16,275,518 |
| Total functional expenses | $95,974,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,301,604 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,025,133 |
| Accounts receivable, net | $6,205,744 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,020,431 |
| Prepaid expenses and deferred charges | $300,059 |
| Net Land, buildings, and equipment | $144,650,605 |
| Investments—publicly traded securities | $28,576,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,821,461 |
| Other assets | $12,822,396 |
| Total assets | $201,723,871 |
| Accounts payable and accrued expenses | $11,137,665 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $20,783,460 |
| Other liabilities | $27,717,141 |
| Total liabilities | $59,638,266 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $142,085,605 |
| Total liabilities and net assets/fund balances | $201,723,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Veterans Home Augusta, ME | $201,723,871 | $85,884,783 |
Saint Josephs Manor Portland, ME | $8,344,755 | $19,774,771 |
Jha Services Inc Portland, ME | $12,274,884 | $17,351,089 |
Cedars Nursing Care Center Inc Portland, ME | $49,301,585 | $14,585,318 |
Quarry Hill Belfast, ME | $14,044,555 | $12,709,032 |
Salemhaven Inc Salem, NH | $6,261,617 | $12,070,998 |
Morrison Hospital Association Whitefield, NH | $28,129,982 | $11,358,429 |
Lincolnhealth Coves Edge Damariscotta, ME | $8,330,762 | $8,507,382 |
St Andre Health Care Facility Biddeford, ME | $5,720,522 | $11,863,182 |
Wentworth Senior Living Portsmouth, NH | $16,924,025 | $8,780,997 |
Bangor Nursing & Rehabilitation Center Bangor, ME | $2,110,759 | $6,413,999 |
Rumford Community Home Corporation Rumford, ME | $4,209,781 | $5,604,356 |
Island Nursing Home Inc Deer Isle, ME | $3,849,048 | $981,572 |
Maine Association Of Private Residential Facilities For Persons Hallowell, ME | $336,157 | $412,567 |
Shepherds Godparent Home Bangor, ME | $715,005 | $415,988 |