Maine Veterans Home
Overview
Mission
To provide skilled, long term care, pharmacy and rehabilitation services for veterans, their spouses, widows, widowers, and gold star families.
What it reported doing in 2024
Maine Veterans' Home Scarborough operates 150 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. During FY25, we provided 49,746 days of care to 293 residents. Efforts to recover from the coronavirus pandemic were the primary focus in this fiscal year.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 010376832
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Augusta, ME, USA
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Health
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for setting executive pay and available reserves provide a limited financial cushion.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.7%; rating input score 87
- Program expense ratio: 88.7%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 6.5%; rating input score 62; 62nd percentile among comparable filings
- Operating reserve ratio: 1.66; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 1.6%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 14th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 5.5% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 86.7% of revenue deployed · 88.7% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $98.9M in reported program spending
- Leadership: top reported pay $249K · 22 people listed · 1 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 10 filed money-flow records
- Related organizations: Filed and resolved organization relationships.