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Nonprofit · EIN 01-0382340

LINCOLNHEALTH COVES EDGE

Tax-exempt · DAMARISCOTTA, ME 04543

Financials

$10.3M$13.3M2022$10.2M$14.6M2023$10.4M$15.9M2024
Revenue Expenses · by fiscal year end
Financials of LINCOLNHEALTH COVES EDGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$10,437,790$15,913,561-$5,475,771$7,774,477$25,680,746-$17,906,269
September 30, 2024990$10,173,767$14,632,200-$4,458,433$7,400,787$10,383,963-$2,983,176
September 30, 2023990$10,316,524$13,255,371-$2,938,847$7,653,706$2,871,379$4,782,327
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$8,321
Program service revenue
$9,777,757
Investment income
$108,748
Net rental income
$21,366
Net gain from sales of assets
$19,832
Other revenue
$542,964

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$5,921,521
Salaries, compensation and benefits (total)
$7,637,171
Professional fundraising fees
$0
Occupancy
$381,956
Travel
$15,266
Depreciation
$401,282
Program services (functional)
$13,975,830
Management and general (functional)
$1,937,731

Balance sheet and other

Total assets, start of year
$7,400,787
Total assets, end of year
$7,774,477
Total liabilities, end of year
$25,680,746
Net assets, end of year
-$17,906,269
Land, buildings and equipment
$3,226,052
Publicly traded securities
$2,520,307
Net assets without donor restrictions
-$18,522,039
Net assets with donor restrictions
$615,770
Gross unrelated business income
$481,023
Gross receipts
$11,490,864
Employees
0
Volunteers
42
Year formed
1981
State of legal domicile
ME

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Kelly ElkinsChief Operating Officer, MH
Trustee or director
1$0$1,322,435$33,926
Omar Hasan MDChief Quality Officer, MH
Trustee or director
1$0$785,276$59,333
Samira Hasan DOPhysician, LH
Trustee or director
1$0$715,421$58,557
Cynthia WadePresident, LH
Trustee or director, Officer
1$0$500,699$59,486
Timothy Fox MDChief Medical Officer, LH
Trustee or director
1$0$429,923$58,581
Andrew Russ MDPhysician, LH
Trustee or director
1$0$424,718$20,434
Wayne PrintyChief Financial Officer
Officer
1$0$358,182$63,222
Aquilino Alamo MDPhysician, LH
Trustee or director
1$0$351,130$53,918
Sean O'Donnell MDPhysician, LH
Trustee or director
1$0$345,570$52,208
Cheryl L DobbelsteynSenior Director
Highest-paid employee
50$147,242$0$24,679
Wanda WilcoxExecutive Director
Highest-paid employee
50$143,144$0$26,489
Jessica Pinkham RNDirector of Surgical Services
Trustee or director
1$0$122,691$35,790
Thelma A HannanDirector of Nursing
Highest-paid employee
50$116,357$0$38,562
Dawn F SimmonsRegistered Nurse II-Ambulatory Care
Highest-paid employee
50$126,231$0$16,694
Cynthia T LindsleyManager of Clinical Nursing
Highest-paid employee
50$116,160$0$6,207
13 more people on this return
NameTitleHours / weekCompensationFrom related orgs
Russell Mack MDPhysician, LH
Trustee or director
1$0$57,600
Bruce P GarrenVice Chair
Trustee or director, Officer
1$0$0
Marva NesbitSecretary
Trustee or director, Officer
1$0$0
Jack T Fulmer MDChair
Trustee or director, Officer
1$0$0
Peter WoodTreasurer
Trustee or director, Officer
1$0$0
Leslie FosselTrustee
Trustee or director
1$0$0
Denise Soucy MDTrustee
Trustee or director
1$0$0
Holly StoverTrustee
Trustee or director
1$0$0
Louis SellTrustee
Trustee or director
1$0$0
Wayne MooreTrustee
Trustee or director
1$0$0
Hal MoorefieldTrustee
Trustee or director
1$0$0
Lydia CraftsTrustee
Trustee or director
1$0$0
Meagan G HamblettFormer Trustee
Trustee or director
1$0$0
990 for the year ended September 30, 2024: 27 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Kelly ElkinsChief Operating Officer, MH
Trustee or director
1$0$1,184,527$32,518
Omar Hasan MDChief Quality Officer, MH
Trustee or director
1$0$762,419$56,587
Samira Hasan DOPhysician, LH
Trustee or director
1$0$633,326$53,224
Cynthia WadePresident, LH
Officer
3$0$464,470$56,611
Timothy Fox MDPhysician, LH
Trustee or director
1$0$423,783$53,182
Andrew Russ MDPhysician, LH
Trustee or director
1$0$389,377$19,506
Aquilino Alamo MDPhysician, LH
Trustee or director
1$0$336,999$51,648
Sean O'Donnell MDPhysician, LH
Trustee or director
1$0$316,672$49,685
Wayne PrintyChief Financial Officer
Officer
3$0$293,205$58,246
Cheryl L DobbelsteynSenior Director
Highest-paid employee
50$142,048$0$23,927
Wanda WilcoxExecutive Director
Highest-paid employee
50$134,954$0$25,935
Kathryn A BeanRegistered Nurse
Highest-paid employee
50$145,881$0$12,629
Russell Mack MDPhysician, LH
Trustee or director
1$0$151,950$0
Thelma A HannanDirector of Nursing
Highest-paid employee
50$109,222$0$36,672
Jessica Pinkham RNDirector of Surgical Services
Trustee or director
1$0$109,120$33,513
Cynthia T LindsleyManager of Clinical Nursing
Highest-paid employee
50$103,844$0$5,085
Bruce P GarrenVice Chair
Trustee or director, Officer
1$0$0$0
Marva NesbitSecretary
Trustee or director, Officer
1$0$0$0
Jack T Fulmer MDChair
Trustee or director, Officer
1$0$0$0
Leslie FosselTrustee
Trustee or director
1$0$0$0
Denise Soucy MDTrustee
Trustee or director
1$0$0$0
Holly StoverTrustee
Trustee or director
1$0$0$0
Peter WoodTreasurer
Trustee or director, Officer
1$0$0$0
Meagan G HamblettTrustee
Trustee or director
1$0$0$0
Louis SellTrustee
Trustee or director
1$0$0$0
Wayne MooreTrustee
Trustee or director
1$0$0$0
Bruce LutskTrustee
Trustee or director
1$0$0$0
990 for the year ended September 30, 2023: 27 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Kelly ElkinsChief Operating Officer, MH
Trustee or director
1$0$1,100,614$29,176
Omar Hasan MDChief Quality Officer, MH
Trustee or director
1$0$751,544$53,320
Samira Hasan DOPhysician, LH
Trustee or director
1$0$574,896$47,934
Cynthia WadePresident
Officer
3$0$465,506$50,730
Timothy Fox MDPhysician, LH
Trustee or director
1$0$418,434$46,799
Andrew Russ MDPhysician, LH
Trustee or director
1$0$340,437$48,703
Sean O'Donnell MDPhysician, LH
Trustee or director
1$0$310,796$44,185
Wayne PrintyChief Financial Officer
Officer
3$0$311,617$40,944
Aquilino Alamo MDPhysician, LH
Trustee or director
1$0$250,428$43,548
Cheryl L DobbelsteynSenior Director
Highest-paid employee
50$139,631$0$20,325
Wanda WilcoxExecutive Director
Highest-paid employee
50$126,817$0$23,560
Thelma A HannanDirector of Nursing
Highest-paid employee
50$105,542$0$33,166
Stacy M OliverClinical Nurse Manager
Highest-paid employee
50$106,392$0$32,176
Sherry A McCormickDirector of Nursing
Highest-paid employee
50$100,741$0$31,903
Jessica Pinkham RNDirector of Surgical Services, LH
Trustee or director
1$0$96,076$30,322
Russell Mack MDPhysician, LH
Trustee or director
1$0$122,400$0
Bruce P GarrenVice Chair/Treasurer
Trustee or director, Officer
1$0$0$0
Marva NesbitSecretary
Trustee or director, Officer
1$0$0$0
Jack T Fulmer MDChair
Trustee or director, Officer
1$0$0$0
Leslie FosselTrustee
Trustee or director
1$0$0$0
Denise Soucy MDTrustee
Trustee or director
1$0$0$0
Holly StoverTrustee
Trustee or director
1$0$0$0
Peter WoodTrustee
Trustee or director
1$0$0$0
Meagan G HamblettTrustee
Trustee or director
1$0$0$0
Bruce LutskTrustee
Trustee or director
1$0$0$0
Louis SellTrustee
Trustee or director
1$0$0$0
Wayne MooreTrustee
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
35 MILES ST, DAMARISCOTTA, ME 04543-4047
Principal officer (990 for 2024)
Cynthia Wade, 6 St Andrews Ln, Boothbay Harbor, ME 04538
Signed the 990
Heather Shanklin, VP Finance Coastal Reg.
Phone
(207) 563-4600

Mission

See Schedule O

990 for the year ended September 30, 2025

Program accomplishments

  • 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.
    Expenses $9,398,469 · revenue $6,926,247
  • 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.
    Expenses $4,156,955 · revenue $2,913,451
  • Schooner Cove Cooperative provides maintenance and other services forSchooner Cove, a congregate living facility located in Damariscotta,Maine.
    Expenses $420,406

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
01-0382340
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1982
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E910)
Assets (IRS master file)
$7,774,477
Income (IRS master file)
$11,490,864

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$10,437,790$15,913,561$7,774,477XML
990-TSeptember 2025–––IRS
990September 2024$10,173,767$14,632,200$7,400,787XML
990-TSeptember 2024–––IRS
990September 2023$10,316,524$13,255,371$7,653,706XML
990-TSeptember 2023–––IRS
990September 2022$8,507,382$13,646,808$8,330,762IRS
990-TSeptember 2022–––IRS
990September 2021–––IRS
990-TSeptember 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0382340).

Questions about LINCOLNHEALTH COVES EDGE

What is the EIN of LINCOLNHEALTH COVES EDGE?
The employer identification number (EIN) of LINCOLNHEALTH COVES EDGE is 01-0382340.
Is LINCOLNHEALTH COVES EDGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to LINCOLNHEALTH COVES EDGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LINCOLNHEALTH COVES EDGE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LINCOLNHEALTH COVES EDGE due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LINCOLNHEALTH COVES EDGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of LINCOLNHEALTH COVES EDGE?
The 990 for the year ended September 30, 2025 names Cynthia Wade.
Who are the officers and directors of LINCOLNHEALTH COVES EDGE?
The 990 for the year ended September 30, 2025 lists 28 people; 5 received compensation from the organization.
How much revenue does LINCOLNHEALTH COVES EDGE have?
On its 990 for the year ended September 30, 2025 it reported revenue of $10,437,790, expenses of $15,913,561 and total assets of $7,774,477 at year end.

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