The Lincoln Home

Nonprofit profile at a glance

EIN
010220430
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Newcastle, ME, USA
Phone
2075633350
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$4,798,673
Expenses
$4,918,860
Assets
$6,189,922
Liabilities
$3,738,092

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Karen Filler (President)
  • Lorrie Winslow (Executive Director)

Highest reported compensation

  • Lorrie Winslow (Executive Director): $133,266 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Lincoln Home provides senior living options for elderly residents in an environment fostering dignity, safety, comfort, and the enjoyment of meaningful lives.

What it reported doing in 2024

In 1927, seven women's clubs of Lincoln County organized and opened a boarding home for the elderly on seven dollars and a dream. These women set the high bar of excellence in caring and in giving. It is with their example that we are entrusted to carry on the mission providing joyful and abundant living for seniors on the coast of Maine.Lincoln Home now offers a variety of support services in the settings of independent living, assisted living, private duty home care, and memory loss care in a small home like environment to seniors. Begun as a simple boarding home for the elderly, The Lincoln Home has evolved over the years to serve the needs and desires of all seniors. It is now a highly respected and beautiful place for seniors to live and receive loving, respectful care. Lincoln Home enjoys an impeccable reputation as the go-to place for seniors to live, to receive current and pertinent information regarding senior issues and for its vibrant and diverse community life program that ensures one's mind, body, and spirit are valued and grown at every age. Lincoln Home makes every effort to be able to provide care for residents to the end of their life when possible. We are honored and very committed to providing hospice care under the umbrella of a certified hospice provider. The Lillian Nash Fund as well as endowment funds provide over $150,000 of care a year to residents who have out lived their resources so that they can remain in the place they live and love.Offering this continuum of care is especially important to those 65 years and older as they plan for their future needs. Lincoln Home has been providing excellence in care in an extraordinary setting for over 80 years and is committed to growing the many services it provides to seniors. It also is proud to be a major employer in the Newcastle and Damariscotta, Maine area.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 35
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.3%; rating input score 87
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: $2.1 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.5%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 1.26; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.6; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: -0.2% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 28th percentile among comparable filings
  • Asset growth: -0.8% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 87.3% of revenue deployed · 85.1% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.2M in reported program spending
  • Leadership: top reported pay $133K · 8 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 6 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 5/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.