Lincolnhealth Group
- Assets
- $0.0
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Boothbay Harbor, ME
- Founding
- Data as of
- 01/2019
- EIN
- 26-1475629
Organization Overview
Lincolnhealth Group is located in Boothbay Harbor, ME. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincolnhealth Group 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 01/2019, Lincolnhealth Group generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (37.5%) each year. All expenses for the organization totaled $1.4m during the year ending 01/2019. As we would expect to see with falling revenues, expenses have declined by (37.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
LINCOLNHEALTH GROUP (LHG) WAS ESTABLISHED TO PROMOTE AND SUPPORT INTEGRATED & COST-EFFECTIVE HEALTH CARE SERVICES FOR THE RESIDENTS AND VISITORS OF LINCOLN COUNTY, MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT SERVICES - LINCOLNHEALTH GROUP (LHG) IS THE PARENT COMPANY OF LINCOLNHEALTH, LINCOLNHEALTH COVE'S EDGE AND LINCOLNHEALTH MEDICAL PARTNERS, INC. LHG PROVIDES MANAGEMENT SERVICES TO THESE THREE TAX EXEMPT ENTITIES WHICH INCLUDE A CRITICAL ACCESS HOSPITAL, TWO LONG TERM CARE FACILITIES THAT OFFER SKILLED AND LONG TERM NURSING CARE AS WELL AS DEMENTIA AND ADULT DAY CARE, ASSISTED LIVING, AND INDEPENDENT LIVING FACILITIES, A HOME HEALTH AGENCY WHICH INCLUDES PROFESSIONAL AND PRIVATE DUTY HOME SERVICES, HOSPICE SERVICES, AND HOME MONITORING, AS WELL AS MULTI-SPECIALTY PHYSICIAN GROUP PRACTICES.
NURSING SCHOOL - THE EDUCATION CENTER IS A COLLABORATIVE EFFORT OF CENTRAL MAINE COMMUNITY COLLEGE AND LINCOLNHEALTH GROUP, AND IS THE FIRST COLLEGE DEGREE PROGRAM IN LINCOLN COUNTY. THE PROGRAM COLLABORATIVELY WORKS WITH COLLEGES, CLINICAL DEPARTMENTS OF THE HOSPITAL AND LONG TERM CARE FACILITIES. STUDENTS RECEIVE CLASSROOM TRAINING AT CENTRAL MAINE COMMUNITY COLLEGE AND IN CLASSROOMS AT THE LINCOLNHEALTH GROUP EDUCATION CENTER LOCATED IN DAMARISCOTTA. CLINICAL TRAINING IS AT LINCOLNHEALTH - MILES CAMPUS AND LINCOLNHEALTH COVE'S EDGE. LINCOLNHEALTH GROUP PROVIDES ADMINISTRATION SERVICES, CLINICAL TRAINING, EQUIPMENT, SUPPLIES, TECHNICAL SUPPORT, TELECOMMUNICATIONS, AND FULL SCHOLARSHIPS IN SUPPORT OF THE NURSING SCHOOL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aquilino Alamo MD Trustee | Trustee | 0.4 | $0 |
James Cosgrove Trustee | Trustee | 0.4 | $0 |
Leslie Fossel Trustee | Trustee | 0.4 | $0 |
Timothy Fox MD Trustee | Trustee | 0.4 | $0 |
Jack T Fulmer MD Secretary | OfficerTrustee | 0.4 | $0 |
Bruce P Garren Treasurer | OfficerTrustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maine Medical Center Professional Services | 9/29/18 | $3,491,874 |
Nordx Lab Services | 9/29/18 | $1,487,220 |
Insight Health Corp Diagnostic Serv | 9/29/18 | $306,805 |
American Healthcare Services Associ Professional Services | 9/29/18 | $303,681 |
Select Rehabilitation Inc Rehabilitation | 9/29/18 | $335,002 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,100 |
| Total Program Service Revenue | $1,293,084 |
| Investment income | $11,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,324,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,208 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $194,450 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $685,253 |
| Pension plan accruals and contributions | $23,372 |
| Other employee benefits | $95,203 |
| Payroll taxes | $49,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,883 |
| Fees for services: Accounting | $14,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,896 |
| Advertising and promotion | $279 |
| Office expenses | $64,168 |
| Information technology | $12,539 |
| Royalties | $0 |
| Occupancy | $40,952 |
| Travel | $11,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,055 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,766 |
| Insurance | $9,742 |
| All other expenses | $0 |
| Total functional expenses | $1,363,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |