Civic Intelligence

Maine Veterans Home

990 • Fiscal year 2017 • EIN 01-0376832

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 26, 2018

Refreshing map…

460 Civic Center DriveAugusta, ME 04330

(207) 622-0075

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.34x

Higher debt load relative to assets than 54% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.50x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

31st percentile

-0.1%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

16th percentile

$228,965

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

73rd percentile

12%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

4.7%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$142,818,715

Up $15,092,149 (+12%) from 2016

Net Assets

Up

$93,692,573

Up $2,092,652 (+2.3%) from 2016

Liabilities

Up

$49,126,142

Up $12,999,497 (+36%) from 2016

Revenue

Up

$97,808,788

Up $4,397,036 (+4.7%) from 2016

Expenses

Up

$97,870,385

Up $5,194,842 (+5.6%) from 2016

Net Income

Down

-$61,597

Down $797,806 (-108%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2011: $96,480,267Liabilities 2011: $8,816,161Net Assets 2011: $87,664,1062011Assets 2012: $100,588,540Liabilities 2012: $9,024,825Net Assets 2012: $91,563,7152012Assets 2013: $104,837,219Liabilities 2013: $10,128,827Net Assets 2013: $94,708,3922013Assets 2014: $111,943,810Liabilities 2014: $8,611,920Net Assets 2014: $103,331,8902014Assets 2015: $117,601,979Liabilities 2015: $26,687,423Net Assets 2015: $90,914,5562015Assets 2016: $127,726,566Liabilities 2016: $36,126,645Net Assets 2016: $91,599,9212016Assets 2017: $142,818,715Liabilities 2017: $49,126,142Net Assets 2017: $93,692,5732017Assets 2018: $142,234,366Liabilities 2018: $46,134,493Net Assets 2018: $96,099,8732018Assets 2019: $149,178,828Liabilities 2019: $33,113,085Net Assets 2019: $116,065,7432019Assets 2020: $187,313,138Liabilities 2020: $45,051,774Net Assets 2020: $142,261,3642020Assets 2021: $217,527,191Liabilities 2021: $59,253,895Net Assets 2021: $158,273,2962021Assets 2022: $201,723,871Liabilities 2022: $59,638,266Net Assets 2022: $142,085,6052022Assets 2023: $185,101,800Liabilities 2023: $57,041,186Net Assets 2023: $128,060,6142023Assets 2024: $172,629,725Liabilities 2024: $52,078,318Net Assets 2024: $120,551,4072024

Highlighted filing

2017

Assets$142,818,715
Liabilities$49,126,142
Net Assets$93,692,573

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2011: $75,714,2762011Expenses 2012: $80,039,1812012Revenue 2013: $86,728,346Expenses 2013: $85,645,389Net Income 2013: $1,082,9572013Revenue 2014: $92,250,641Expenses 2014: $87,069,788Net Income 2014: $5,180,8532014Revenue 2015: $89,050,718Expenses 2015: $86,512,944Net Income 2015: $2,537,7742015Revenue 2016: $93,411,752Expenses 2016: $92,675,543Net Income 2016: $736,2092016Revenue 2017: $97,808,788Expenses 2017: $97,870,385Net Income 2017: -$61,5972017Revenue 2018: $101,148,915Expenses 2018: $99,351,896Net Income 2018: $1,797,0192018Revenue 2019: $111,490,239Expenses 2019: $92,467,792Net Income 2019: $19,022,4472019Revenue 2020: $126,323,581Expenses 2020: $101,373,945Net Income 2020: $24,949,6362020Revenue 2021: $107,295,717Expenses 2021: $97,921,867Net Income 2021: $9,373,8502021Revenue 2022: $85,884,783Expenses 2022: $95,974,404Net Income 2022: -$10,089,6212022Revenue 2023: $89,462,623Expenses 2023: $103,085,307Net Income 2023: -$13,622,6842023Revenue 2024: $106,659,613Expenses 2024: $113,203,865Net Income 2024: -$6,544,2522024

Highlighted filing

2017

Revenue$97,808,788
Expenses$97,870,385
Net Income-$61,597
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 26, 2018
Return Version
2016v3.0
Gross Receipts
$102,860,409
Mission and Program Overview

Mission

Provide skilled, long-term care and rehabilitation services for veterans, their spouses , widows, and widowers.

Maine Veterans' Homes provides skilled nursing and rehabilitation, long term care, memory care, pharmacy support and consultation, and assisted living services for veterans and eligible family members at six facilities across Maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$68,701,446$72,537,389▲ $3,835,943
Investments in Publicly Traded Securities$34,319,689$36,038,847▲ $1,719,158
Accounts Receivable$5,556,514$6,022,137▲ $465,623
Cash and Non-Interest-Bearing Accounts$2,546,351$3,085,967▲ $539,616
Intangible Assets$3,066,886$2,987,805▼ $79,081
Inventories for Sale or Use$848,773$746,990▼ $101,783
Pledges and Grants Receivable-$479,156-
Prepaid Expenses and Deferred Charges$330,000$220,179▼ $109,821
Total Assets$127,726,566$142,818,715▲ $15,092,149
Other Assets Total$12,356,907$20,700,245▲ $8,343,338
Liabilities
Other Liabilities$30,363,877$41,573,778▲ $11,209,901
Accounts Payable and Accrued Expenses$5,585,296$7,430,869▲ $1,845,573
Unsecured Notes Loans Payable$177,472$121,495▼ $55,977
Total Liabilities$36,126,645$49,126,142▲ $12,999,497
Net Assets / Fund Balance
Unrestricted Net Assets$90,843,300$92,928,946▲ $2,085,646
Temporarily Rstr Net Assets$756,621$763,627▲ $7,006
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$91,599,921$93,692,573▲ $2,092,652
Total Liabilities and Net Assets / Fund Balance$127,726,566$142,818,715▲ $15,092,149

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$46,023,353$40,209,264$0
Other Land Buildings$9,557,135$3,281,801$0
Land$8,365,962-$0
Equipment$8,372,825$14,553,383$0
Leasehold Improvements$218,114$5,575$0
Other Assets Org$318,605--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelley KashChief Executive OfficerFT$223,793$5,172$228,965
James McQuaidChief Pharmacy OfficerFT$195,433$22,610$218,043
Debra FournierChief Operations OfficerFT$185,850$26,188$212,038
Kevin BrooksChief Financial OfficerFT$159,203$29,342$188,545
Neil ThurlowAssistant Director of PharmacyFT$160,748$14,366$175,114
Jeffrey ChurchPharmacistFT$147,441$10,708$158,149
Kevin VeilleuxPharmacistFT$138,815$9,967$148,782
Patrick CotePharmacistFT$140,940$2,257$143,197

Board Members and Trustees

NameTitle
Robert WhelanBoard Chair
Joseph LebelVice Chair
Adria HornBoard Member
James FranklinBoard Member
James SetteleBoard Member
John KezalBoard Member
Kelley WynneBoard Member
Linda LawerysonBoard Member
Richard ParentBoard Member
Steven SanPedroBoard Member
Peter MiesburgerSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Plunkett Raysich Architechts LLPArchitechts209 South Water Street, 248 Warren Ave, Milwaukee, WI 53204$2,863,600
Langford & Low IncConstruction servicesPO Box 662, Portland, ME 04104$867,207
Select Rehabilitation IncRehabilitation ServicesPO Box 809056, Chicago, IL 60680$643,511
Cary Medical CenterMeal, Laundry and Other Services163 Van Buren Road Suite 1, Caribou, ME 04736$494,540
NorthCountry Services IncCourier ServicesPO Box 385, Anson, ME 04911$343,678
Revenue and Support

Revenue Composition

Contributions and Grants
$678,928
Program Service Revenue
$93,000,914
Investment Income
$897,651
Other Revenue
$3,231,295
All Other Contributions
$199,772
Change in Net Assets
$-61,597

Audited Revenue Reconciliation

Revenue per Audited Statements
$74,872,683
Revenue Not Reported on Financial Statements
$22,936,105
Revenue Not Reported on Form 990
$2,154,249
Other Revenue Adjustments
$22,936,105
Total Revenue per Audited Statements
$77,026,932
Total Revenue per Form 990
$97,808,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$49,301,197
Salaries, Compensation, and Employee Benefits$48,569,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$31,561,012$3,885,996$0$35,447,008
Pension Plan Contributions$6,103,083$493,250$0$6,596,333
Fees for Services Other$5,256,321$496,957$0$5,753,278
Other Employee Benefits$5,057,306$361,734$0$5,419,040
Depreciation Depletion$4,596,645$420,631$0$5,017,276
Occupancy$1,937,189$88,098$0$2,025,287
Office Expenses$1,717,030$220,714$0$1,937,744
Other Expenses$1,934,373$0$0$1,934,373
Insurance$825,201$13,567$0$838,768
Current Officers, Directors, Trustees, and Key Employees$0$568,846$0$568,846
Payroll Taxes$499,709$38,252$0$537,961
Information Technology$0$332,937$0$332,937
Travel$176,496$110,395$0$286,891
Advertising$63,561$195,736$0$259,297
Fees for Services Legal$0$219,481$0$219,481
Conferences and Meetings$89,503$98,633$0$188,136
Fees for Services Accounting$0$82,437$0$82,437
Fees for Service Investment Mgmnt Fees$0$38,193$0$38,193
Fees for Services Lobbying$0$23,803$0$23,803
Interest$0$4,710$0$4,710
Total Functional Expenses$89,953,957$7,916,428$0$97,870,385

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$97,870,385
Expenses per Audited Statements$74,934,280
Total Expenses per Audited Statements$74,934,280
Expenses Not Reported on Financial Statements$22,936,105
Other Expense Adjustments$22,936,105
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net pension liability$32,871,051
Deferred inflows of resources$7,200,045
Post employment health insurance$1,280,824
Estimated 3rd party settlements$221,858
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The first draft of the 990 return will be completed by the MVH Finance staff using the information from the audited financial statements. It is then reviewed by the CEO, CFO, Controller and Assistant Controller prior to the January Board meeting. The draft of the 990 is presented to the full Board at the January Board meeting. If the return needs any changes, MVH staff will research changes and adjust the 990 in accordance to the Board's recommendations. After the Board review is complete, the return is submitted electronically to the IRS.

Form 990, Part VI, Section B, Line 12C

Maine Veterans' Homes regularly and consistently monitors the compliance program through a variety of mechanisms, including internal and external audits, two party approval for purchasing and payments, and a compliance hotline reporting tool. Recurring internal auditors are performed throughout the year. An external audit is conducted by an independent auditor annually, including looking at areas of conflict of interest (COI). MVH's Compliance Officer maintains a list of employees whose job responsibilities may subject them to COI. The Compliance Officer conducts annual compliance trainings to explain and educate on COI. MVH has a 24 hour, toll free compliance hotline that staff or public may report concerns and issues, including COI. These will be investigated by the Compliance Officer, who reports directly to the Board on such matters. For Board business that involves any COI, the member is required to recuse him/herself from the decision making process and it is documented in the Board minutes.

Form 990, Part VI, Section B, Line 15

When hiring officers, Maine Veterans' Homes determines salaries for these positions based on market demands for similar positions within the long term care industry.

Form 990, Part VI, Section C, Line 19

Financial Statements are contained in form 990 and are available to the public on the "Guidestar" website. In regards to the Governing documents, Maine Veterans' Homes was established by State statute and this statute is available through the public by various means, including the State of Maine's website.

Filing and Contact Details

Filer

Filer Name
MAINE VETERANS' HOMES
EIN
01-0376832
Phone
2076220075
Address
460 Civic Center Drive, Augusta, ME 04330

Signing Officer

Name
Kevin Brooks
Title
Chief Financial Officer
Phone
2076220075
Signed
2018-01-26

Organization Details

Principal Officer
Kelley Kash
Formed
1983
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
11
Employees
1,429
Volunteers
300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

In this section we have listed our other fees for service accounts such as ancillary expenses, resident transport, Medical Director, contract nursing and professional and contractual services.

Financial Statement Notes

Schedule D, Part XI, Line 4B

Contractual allowances of $25,167,184 were added to revenue on this schedule to show gross, but net is used on the audited financial statements. Pharmacy cost of goods sold of $2,256,750 is an expense on the financial statements, but is on the 990 statement under cost of goods sold. Advisory fees of $38,193 are netted out of interest and dividend income on the financial statement, but added back on this schedule as it appears as an expense on the 990. Rental income shows as a net amount on the financial statements but is added to revenue on the 990.

Schedule D, Part XII, Line 4B

Contractual allowances of $25,167,184 were added to revenue on this schedule to show gross, but net is used on the audited financial statements. Pharmacy cost of goods sold of $2,256,750 is an expense on the financial statements, but is on the 990 statement under cost of goods sold. Advisory fees of $38,193 are netted out of interest and dividend income on the financial statement, but added back on this schedule as it appears as an expense on the 990. Rental income shows as a net amount on the financial statements but is added to revenue on the 990.

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IRS990/ActivityOrMissionDesc0Maine Veterans' Homes provides skilled nursing and rehabilitation, long term care, memory care, pharmacy support and consultation, and assisted living services for veterans and eligible family members at six facilities across Maine.
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IRS990/Desc0Maine Veterans' Homes Bangor operates 150 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. During FY17, we provided 51,101 days of care to 440 residents. MVH Bangor has achieved Silver Level Award for Achievement in Quality - a distinction held by less than four percent of facilities nationwide!
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IRS990/Form990PartVIISectionAGrp/PersonNm3Kelley Wynne
IRS990/Form990PartVIISectionAGrp/PersonNm4Linda Laweryson
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IRS990/Form990PartVIISectionAGrp/PersonNm6John Kezal
IRS990/Form990PartVIISectionAGrp/PersonNm7Adria Horn
IRS990/Form990PartVIISectionAGrp/PersonNm8James Franklin
IRS990/Form990PartVIISectionAGrp/PersonNm9Steven SanPedro
IRS990/Form990PartVIISectionAGrp/PersonNm10James Settele
IRS990/Form990PartVIISectionAGrp/PersonNm11Kelley Kash
IRS990/Form990PartVIISectionAGrp/PersonNm12Kevin Brooks
IRS990/Form990PartVIISectionAGrp/PersonNm13Debra Fournier
IRS990/Form990PartVIISectionAGrp/PersonNm14James McQuaid
IRS990/Form990PartVIISectionAGrp/PersonNm15Neil Thurlow
IRS990/Form990PartVIISectionAGrp/PersonNm16Jeffrey Church
IRS990/Form990PartVIISectionAGrp/PersonNm17Kevin Veilleux
IRS990/Form990PartVIISectionAGrp/PersonNm18Patrick Cote
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chief Executive Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt13Chief Operations Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt14Chief Pharmacy Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt15Assistant Director of Pharmacy
IRS990/Form990PartVIISectionAGrp/TitleTxt16Pharmacist
IRS990/Form990PartVIISectionAGrp/TitleTxt17Pharmacist
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IRS990/FundraisingAmt00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0To provide skilled, long term care, pharmacy and rehabilitation services for veterans, their spouses, widows and widowers.
IRS990/MoreThan5000KToIndividualsInd00
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$173$52.1$121$107$113$6.54
2023Detailed filing. Detailed filing data is available for this year.$185$57.0$128$89.5$103$13.6
2022Detailed filing. Detailed filing data is available for this year.$202$59.6$142$85.9$96.0$10.1
2021Detailed filing. Detailed filing data is available for this year.$218$59.3$158$107$97.9$9.37
2020Detailed filing. Detailed filing data is available for this year.$187$45.1$142$126$101$24.9
2019Detailed filing. Detailed filing data is available for this year.$149$33.1$116$111$92.5$19.0
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$142$46.1$96.1$101$99.4$1.80
2017Detailed filing. Detailed filing data is available for this year.$143$49.1$93.7$97.8$97.9$0.06
2016Detailed filing. Detailed filing data is available for this year.$128$36.1$91.6$93.4$92.7$0.74
2015Detailed filing. Detailed filing data is available for this year.$118$26.7$90.9$89.1$86.5$2.54
2014Detailed filing. Detailed filing data is available for this year.$112$8.61$103$92.3$87.1$5.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$10.1$94.7$86.7$85.6$1.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$9.02$91.6$80.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$96.5$8.82$87.7$75.7
Peer Organizations

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