2026-08-10T07:57:50-05:00 2025-09-30 990 2024-10-01 010382340 LINCOLNHEALTH COVE'S EDGE LINC 2075634600 35 MILES STREET DAMARISCOTTA ME 04543 Heather Shanklin VP Finance Coastal Reg. 2075634600 2026-06-11 1 2024 2025-03-06 01:10:19Z Cynthia Wade 6 St Andrews Ln Boothbay Harbor ME 04538 11490864 0 X www.mainehealth.org/mainehealth-lincoln-hospital X 1981 ME LincolnHealth Cove's Edge will uphold the trust placed in us by assuring: -the best and most compassionate skilled nursing, long term-care, assisted living and adult day care services from well trained professionals. -that the independence and dignity of our patients, residents, and clients will always be respected, and promoting open communication in all care decisions that, as a not-for-profit organization, we will be trustworthy stewards of our resources. -our active participation and support of the Mainehealth family. 21 11 0 42 481023 0 1300 8321 9494364 9777757 176610 108748 501493 542964 10173767 10437790 0 0 0 0 7563196 7637171 0 0 0 7069004 8276390 14632200 15913561 -4458433 -5475771 7400787 7774477 10383963 25680746 -2983176 -17906269 X See Schedule O 0 0 9398469 6926247 Long Term Care - LincolnHealth Cove's Edge long term care program services include a 76 bed, dually licensed facility that provides both skilled and long term nursing care to its residents. For the year ending September 30, 2025, LincolnHealth Cove's Edge had 15,759 patient days. Of those days, 11% represented Medicare patients, and 65% MaineCare patients. 4156955 2913451 Residential Care - LincolnHealth Cove's Edge provides residential care at its Chase Point facility. Chase Point consists of 24 residential care apartments and 18 memory care beds. For the year ending September 30, 2025, Chase Point had 5,641 residential care patient days, and 4,877 memory care patient days. Of the memory care days, 48% represented MaineCare patients. 420406 Schooner Cove Cooperative provides maintenance and other services forSchooner Cove, a congregate living facility located in Damariscotta,Maine. 13975830 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 21 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X JULIE PAQUETTE 2076617001 110 FREE STREET PORTLAND ME 04101 Kelly Elkins Chief Operating Officer, MH 1.00 50.00 X 0 1322435 33926 Omar Hasan MD Chief Quality Officer, MH 1.00 50.00 X 0 785276 59333 Samira Hasan DO Physician, LH 1.00 50.00 X 0 715421 58557 Cynthia Wade President, LH 1.00 50.00 X X 0 500699 59486 Timothy Fox MD Chief Medical Officer, LH 1.00 50.00 X 0 429923 58581 Andrew Russ MD Physician, LH 1.00 50.00 X 0 424718 20434 Wayne Printy Chief Financial Officer 1.00 50.00 X 0 358182 63222 Aquilino Alamo MD Physician, LH 1.00 50.00 X 0 351130 53918 Sean O'Donnell MD Physician, LH 1.00 50.00 X 0 345570 52208 Cheryl L Dobbelsteyn Senior Director 50.00 0.00 X 147242 0 24679 Wanda Wilcox Executive Director 50.00 0.00 X 143144 0 26489 Jessica Pinkham RN Director of Surgical Services 1.00 50.00 X 0 122691 35790 Thelma A Hannan Director of Nursing 50.00 0.00 X 116357 0 38562 Dawn F Simmons Registered Nurse II-Ambulatory Care 50.00 0.00 X 126231 0 16694 Cynthia T Lindsley Manager of Clinical Nursing 50.00 0.00 X 116160 0 6207 Russell Mack MD Physician, LH 1.00 50.00 X 0 57600 0 Bruce P Garren Vice Chair 1.00 0.00 X X 0 0 0 Marva Nesbit Secretary 1.00 0.00 X X 0 0 0 Jack T Fulmer MD Chair 1.00 0.00 X X 0 0 0 Peter Wood Treasurer 1.00 0.00 X X 0 0 0 Leslie Fossel Trustee 1.00 0.00 X 0 0 0 Denise Soucy MD Trustee 1.00 0.00 X 0 0 0 Holly Stover Trustee 1.00 0.00 X 0 0 0 Louis Sell Trustee 1.00 0.00 X 0 0 0 Wayne Moore Trustee 1.00 0.00 X 0 0 0 Hal Moorefield Trustee 1.00 0.00 X 0 0 0 Lydia Crafts Trustee 1.00 0.00 X 0 0 0 Meagan G Hamblett Former Trustee 1.00 0.00 X 0 0 0 649134 5413645 608086 7 0 1 0 0 8321 8321 PATIENT SERVICE REV. 623000 6872672 6872672 RESIDENT SERVICE REV. 623000 2905085 2905085 9777757 88916 88916 21366 2432 0 2432 21366 0 21366 21366 1070474 1050642 19832 19832 19832 Contract Service 531310 419936 419936 Admin & Support Servic 561000 61941 61941 Management Fees 531310 39410 39410 311 311 521598 10437790 9839698 481023 108748 X 5921521 5921521 221539 221539 1049738 1049738 444373 444373 2050283 2050283 4462 4462 143531 109107 34424 381956 381956 15266 15266 32207 32207 401282 401282 43084 16479 26605 PURCHASED SERVICES 2549623 2549623 INTEGRATED SERVICES 1931755 55053 1876702 STATE NURSING HOME TAX 433683 433683 MEDICAL SUPPLIES 168445 168445 120813 120813 15913561 13975830 1937731 0 350 350 201222 186746 780984 708902 68522 63637 132115 130447 20816611 17590559 2927640 3226052 2441780 2520307 117026 207139 731148 730897 7400787 7774477 915729 660873 745651 743219 696493 467346 8026090 23809308 10383963 25680746 X -3551293 -18522039 568117 615770 -2983176 -17906269 7400787 7774477 X -5475771 53812 -9501134 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 3270 3270 0 Part II-B, Line 1: Member dues paid to Maine Health Care Association, American Health Care Association, LeadingAge National and LeadingAge Maine & New Hampshire, a portion of which is attributable to lobbying activities. 2360404 12803 121518 13025 3984 2477716 2175012 189344 3952 2360404 2092980 85686 3653 2175013 2217763 50325 -171468 3640 2092980 2161428 300 59358 3324 2217762 0.06720 0.93280 0.00000 0 1 1 511272 511272 13237582 12070230 1167352 4831179 4182405 648774 2236578 1337924 898654 3226052 Estimated receivables under reimbursement agreements 267397 Patient deposits 175372 Due from affiliates 43778 Other receivables 244350 730897 Due to third party payors 959703 Due to affiliates 22849605 23809308 X Part V, Line 4: Board designated funds - Coves Care and the Mclaughlin Fund 1. Coves Care Fund intended use: the intended use of interest earned only is earmarked specifically for education for staff in long term care or assisted living. 2. Mclaughlin Fund intended use: the intended use of interest earned only is earmarked for the courtyard upkeep. Permanent Endowment - Hospice Fund 1. Hospice Fund intended use: the intended use of 3% of the market value to be used for miscellaneous hospice needs as approved by the board. Part X, Line 2: FIN 48 Footnote The IRS has previously determined that the System and its subsidiaries (except Maine Medical Partners (MMP) (a subsidiary of MaineHealth) are organizations as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and are exempt from federal income taxes on related income pursuant to Section 501(a) of the IRC. The System recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount of benefit that is greater than fifty percent likely to be realized upon settlement. Changes in measurement are reflected in the period in which the change in judgment occurs. The System did not recognize the effect of any income tax positions in either 2025 or 2024. 0 0 0 0 0 0 0 1 0 Kelly Elkins Chief Operating Officer, MH 0 832237 0 391954 0 98244 0 13800 0 20126 0 1356361 0 0 Omar Hasan MD Chief Quality Officer, MH 0 479478 0 170089 0 135709 0 17250 0 42083 0 844609 0 0 Samira Hasan DO Physician, LH 0 389995 0 267964 0 57462 0 17250 0 41307 0 773978 0 0 Cynthia Wade President, LH 0 318690 0 98698 0 83311 0 17250 0 42236 0 560185 0 0 Timothy Fox MD Chief Medical Officer, LH 0 369520 0 50922 0 9481 0 17250 0 41331 0 488504 0 0 Andrew Russ MD Physician, LH 0 306899 0 52740 0 65079 0 17556 0 2878 0 445152 0 0 Wayne Printy Chief Financial Officer 0 256820 0 49359 0 52003 0 27600 0 35622 0 421404 0 0 Aquilino Alamo MD Physician, LH 0 227503 0 77491 0 46136 0 17250 0 36668 0 405048 0 0 Sean O'Donnell MD Physician, LH 0 233113 0 5263 0 107194 0 17250 0 34958 0 397778 0 0 Cheryl L Dobbelsteyn Senior Director 145592 0 0 0 1650 0 7568 0 17111 0 171921 0 0 0 Wanda Wilcox Executive Director 139420 0 0 0 3724 0 7339 0 19150 0 169633 0 0 0 Jessica Pinkham RN Director of Surgical Services 0 121350 0 0 0 1341 0 6747 0 29043 0 158481 0 0 Thelma A Hannan Director of Nursing 110246 0 4775 0 1336 0 6169 0 32393 0 154919 0 0 0 Part I, Line 7 MaineHealth established a Performance Incentive Plan (the Plan) to encourage and reward Plan participants for achieving defined performance goals that are supportive of MaineHealth's mission, strategic initiatives, and operating objectives. The Plan is administered by the MaineHealth Compensation Committee of the Board of Trustees. A Maine Health & Higher Ed Facilities Authority 010314384 560427LW4 2011-08-31 6271571 See Part VI 0 0 0 A 5120000 6271571 347074 63232 6208339 1 0 1 1 A 0 0 0 1 0 0 0 0 1 A 1 Series 2011A Refund Bonds: With respect to Part I, column (e), and Part II lines 1-12, the institution is reporting its allocable portion of this bond issue, the remainder of which is allocable to affiliated entities(though the affiliated entities' shares are at this time fully defeased or retired). For purposes of Part I,column (i), the institution has assumed that this arrangement does not constitute a "pooled financing." Part I, column (f) - Refund bonds issued 7/9/1998, 12/10/1998, 5/19/1999 and 11/15/2001. Part II, line 4 - The amount shown here consists of $276,543 in a debt service reserve fund, plus $70,531 of debt service fund deposits. Part III has not been completed with respect to the bonds shown in column A, since the bonds being refinanced by such bonds were issued before 2003. Part IV, line 2c - The date of the calculation was 8/31/2023. Form 990, Part V, Line 1a MaineHealth (EIN 01-0238552), acting on behalf of the MaineHealth System filed 1,738 Form 1099s for the calendar year 2024. Form 990, Part V, Line 2a MaineHealth (EIN 01-0238552), acting on behalf of the MaineHealth System filed Form W-3, reporting 27,768 employees for the calendar year 2024. Form 990, Part VI, Section A, line 6 Mainehealth (EIN # 01-0238552) is the sole member of LincolnHealth Cove's Edge. Form 990, Part VI, Section A, line 7a MaineHealth appoints the members of the governing body of LincolnHealth Hospital pursuant to the bylaws of LincolnHealth Cove's Edge. Those individuals also serve on the board of LincolnHealth Cove's Edge. Form 990, Part VI, Section A, line 7b Decisions of the governing body such as budgets, business strategies, significant financial commitments, and amendments to the articles of incorporation are subject to the approval of the sole corporate member. Form 990, Part VI, Section B, line 11b The Vice President of Finance - Coastal Region reviews the 990 prior to signing the return. The Form 990 is provided to the full Regional Board of Trustees prior to filing the return. Form 990, Part VI, Section B, line 12c MaineHealth's Audit & Compliance Services sends Conflict of Interest (COI) disclosure form requests to over 3,000 Care Team Members (including all Board Members, Officers, and other Senior Leaders) each year. Audit & Compliance Services collects the disclosure forms and reviews each submission for possible reported conflicts to determine if a management mitigation plan is required. The results of the annual COI process are reported to the MaineHealth Executive Compliance Committee, the Audit Committee, Local Health System Presidents, and the Board of Trustees Chairpersons. Form 990, Part VI, Section B, line 15 Compensation Process for Presidents (Line 15a) MaineHealth, a related organization uses an outside firm, Sullivan Cotter, to perform an independent benchmark analysis annually for the President of LincolnHealth Cove's Edge. The firm meets with the Executive Committee of the Board of Directors of MaineHealth to review the executive compensation report. The Executive Committee then deliberates on MaineHealth's written salary and incentive plan philosophy before making a final decision. All meeting decisions are captured in minutes with appropriate approvals at all levels. Compensation process for officers (Line 15b) Compensation for officers of LincolnHealth Cove's Edge is part of the independent benchmark analysis performed annually by Sullivan Cotter. All compensation decisions are reviewed and approved by the MaineHealth Chief Executive Officer, Chief Operating Officer and Chief People Officer. Form 990, Part VI, Section C, line 19 Documents that are required to be open for public inspection are made available upon request. Form 990, Part IX, line 11g Purchased Services - Long-term care: Program service expenses 1,727,843. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,727,843. Purchased Services - Assisted living: Program service expenses 322,440. Management and general expenses 0. Fundraising expenses 0. Total expenses 322,440. Form 990, Part XI, line 9: Equity transfer to Lincoln Health -9,501,134. LincolnHealth Medical Partners Inc 35 Miles Street Damariscotta ME 04543 263878235 Physician practices ME 501(c)(3) Line 7 MaineHealth 0 MaineHealth Services 110 Free Street Portland ME 04101 010431680 Healthcare ME 501(c)(3) Line 12c, III-FI N/A 0 MaineHealth 22 Bramhall Street Portland ME 04102 010238552 Hospital ME 501(c)(3) Line 3 MaineHealth Services 0 St Joseph's Rehabilitation & Residence 1133 Washington Avenue Portland ME 04103 010339489 Nursing home ME 501(c)(3) Line 10 MaineHealth 0 Maine Medical Center Realty Corp 22 Bramhall Street Portland ME 04102 010434215 Property management ME 501(c)(3) Line 12a, I MaineHealth 0 Quarry Hill 4 White Street Rockland ME 04841 010213976 Long term care ME 501(c)(3) Line 10 MaineHealth 0 Healthy Community Coalition Inc 105 Mt Blue Circle Farmington ME 04938 223305743 Community services ME 501(c)(3) Line 7 MaineHealth 0 Western Maine Multi-Medical Specialists 181 Main Street Norway ME 04268 010489824 Physician practices ME 501(c)(3) Line 10 MaineHealth 0 Mid Coast Geriatric Services Corporation 123 Medical Center Drive Brunswick ME 04011 010496221 Home health ME 501(c)(3) Line 10 MaineHealth 0 Community Health and Nursing Services 60 Baribeau Drive Brunswick ME 04011 010211546 Home health ME 501(c)(3) Line 10 maineHealth 0 PBH Management Company PO Box 287 Belfast ME 04915 010537278 Management services ME N/A C 0 Maine Medical Partners 22 Bramhall Street Portland ME 04102 010442142 Healthcare ME N/A C 0 Waldo County Healthcare Mgmt Co PO Box 287 Belfast ME 04915 010485133 Management services ME N/A C 0 Midcoast Health Management Corp 123 Medical Center Drive Brunswick ME 04011 010429598 Management services ME N/A C 0 Mid Coast Medical Group 123 Medical Center Drive Brunswick ME 04011 010484592 Management services ME N/A C 0 Thornton Oaks Development Corp 123 Medical Center Drive Brunswick ME 04011 010448411 Management services ME N/A C 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1