Lincolnhealth Coves Edge
Lincolnhealth Coves Edge consistently operates at a deficit, with expenses exceeding revenue in all reported periods since 2014.
EIN: 10382340 · Damariscotta, ME · NTEE: E910 · Updated: 2026-03-28
Is Lincolnhealth Coves Edge Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lincolnhealth Coves Edge directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lincolnhealth Coves Edge
Lincolnhealth Coves Edge (EIN: 10382340) is a nonprofit organization based in Damariscotta, ME, classified under NTEE code E910. The organization reported total revenue of $11.7M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lincolnhealth Coves Edge's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lincolnhealth Coves Edge with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Lincolnhealth Coves Edge allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lincolnhealth Coves Edge's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in all reported periods since 2014.
- Declining asset base, from $10,749,803 in 2017 to $7,653,706 in 2023, indicating a reduction in financial reserves.
- Significant liabilities in some years, such as $16,103,178 in 2020, which could pose financial risk.
Strengths
The following positive indicators were identified for Lincolnhealth Coves Edge:
- Zero reported officer compensation across all filings, indicating a strong commitment to directing resources away from executive pay.
- Long filing history (13 filings) suggests consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Lincolnhealth Coves Edge
Is Lincolnhealth Coves Edge a legitimate charity?
Based on AI analysis of IRS 990 filings, Lincolnhealth Coves Edge (EIN: 10382340) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Lincolnhealth Coves Edge spend its money?
Lincolnhealth Coves Edge directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lincolnhealth Coves Edge tax-deductible?
Lincolnhealth Coves Edge is registered as a tax-exempt nonprofit (EIN: 10382340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lincolnhealth Coves Edge a good charity?
While Lincolnhealth Coves Edge shows a commitment to its mission by reporting 0% officer compensation, its consistent operational deficits and declining assets raise concerns about long-term financial sustainability. A 'good' charity typically maintains financial health and efficient spending, which requires further investigation into their expense structure and funding strategies.
Why are expenses consistently higher than revenue?
The provided data consistently shows expenses exceeding revenue, for example, $13,255,371 in expenses versus $10,316,524 in revenue for 2023. This indicates that the organization is spending more than it earns, potentially drawing from reserves or other non-operating income sources to cover costs.
What is the trend in the organization's assets?
The organization's assets have generally been declining, from a high of $10,749,803 in 2017 to $7,653,706 in 2023, suggesting a reduction in its overall financial resources over time.
How does the lack of officer compensation impact the organization?
The reported 0% officer compensation is a significant positive, indicating that funds are not being diverted to high executive salaries and are theoretically available for program services or other operational needs. This demonstrates a strong commitment to minimizing administrative overhead in this specific area.
Filing History
IRS 990 filing history for Lincolnhealth Coves Edge showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lincolnhealth Coves Edge's revenue has declined by 33%, moving from $15.4M to $10.3M. Total assets decreased by 36.8% over the same period, from $12.1M to $7.7M. Total functional expenses fell by 16.3%, from $15.8M to $13.3M. In its most recent filing year (2023), Lincolnhealth Coves Edge reported a deficit of $2.9M, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $7.7M in assets (debt-to-asset ratio: 37.5%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.3M | $13.3M | $7.7M | $2.9M | — | View 990 |
| 2022 | $8.5M | $13.6M | $8.3M | $4.1M | — | — |
| 2021 | $9.8M | $12.6M | $10.2M | $6.0M | — | View 990 |
| 2020 | $12.0M | $12.5M | $9.9M | $16.1M | — | — |
| 2019 | $11.9M | $12.5M | $10.0M | $7.5M | — | View 990 |
| 2018 | $14.6M | $15.3M | $10.1M | $4.9M | — | View 990 |
| 2017 | $14.4M | $14.9M | $10.7M | $4.8M | — | View 990 |
| 2016 | $14.4M | $15.7M | $8.8M | $4.7M | — | View 990 |
| 2015 | $15.1M | $15.8M | $10.4M | $6.1M | — | View 990 |
| 2014 | $15.4M | $15.4M | $10.1M | $6.6M | — | View 990 |
| 2013 | $15.2M | $15.8M | $9.4M | $6.8M | — | View 990 |
| 2012 | $15.1M | $15.8M | $9.8M | $6.9M | — | View 990 |
| 2011 | $15.4M | $15.8M | $12.1M | $7.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.3M, expenses of $13.3M, and assets of $7.7M (revenue +21.3% year-over-year).
- 2022: Revenue of $8.5M, expenses of $13.6M, and assets of $8.3M (revenue -13.0% year-over-year).
- 2021: Revenue of $9.8M, expenses of $12.6M, and assets of $10.2M (revenue -18.7% year-over-year).
- 2020: Revenue of $12.0M, expenses of $12.5M, and assets of $9.9M (revenue +0.9% year-over-year).
- 2019: Revenue of $11.9M, expenses of $12.5M, and assets of $10.0M (revenue -18.1% year-over-year).
- 2018: Revenue of $14.6M, expenses of $15.3M, and assets of $10.1M (revenue +1.2% year-over-year).
- 2017: Revenue of $14.4M, expenses of $14.9M, and assets of $10.7M (revenue -0.4% year-over-year).
- 2016: Revenue of $14.4M, expenses of $15.7M, and assets of $8.8M (revenue -4.6% year-over-year).
- 2015: Revenue of $15.1M, expenses of $15.8M, and assets of $10.4M (revenue -2.0% year-over-year).
- 2014: Revenue of $15.4M, expenses of $15.4M, and assets of $10.1M (revenue +1.9% year-over-year).
- 2013: Revenue of $15.2M, expenses of $15.8M, and assets of $9.4M (revenue +0.6% year-over-year).
- 2012: Revenue of $15.1M, expenses of $15.8M, and assets of $9.8M (revenue -2.1% year-over-year).
- 2011: Revenue of $15.4M, expenses of $15.8M, and assets of $12.1M.
Data Sources and Methodology
This transparency report for Lincolnhealth Coves Edge is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.