Vernon Continuing Care Homes Inc
Vernon Continuing Care Homes Inc. maintains stable finances with no reported executive compensation, despite a temporary deficit in 2022.
EIN: 20427450 · Kittery, ME · NTEE: P75 · Updated: 2026-03-28
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Vernon Continuing Care Homes Inc is mapped to EIN 20427450.
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| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| Net Assets | $4.0M |
| Transparency Score | 90/100 |
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Vernon Continuing Care Homes Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Vernon Continuing Care Homes Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Vernon Continuing Care Homes Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.5M and expenses of $1.3M.
Revenue and Expenses
Vernon Continuing Care Homes Inc reported $1.5M in revenue and $1.3M in expenses, a surplus of $266K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Vernon Continuing Care Homes Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.1M (85%) |
Across stored filings, Vernon Continuing Care Homes Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Human Services context |
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Vernon Continuing Care Homes Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vernon Continuing Care Homes Inc
Vernon Continuing Care Homes Inc (EIN: 20427450) is a nonprofit organization based in Kittery, ME, classified under NTEE code P75. The organization reported total revenue of $1.5M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vernon Continuing Care Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vernon Continuing Care Homes Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$266K |
| Total Assets | $6.0M |
| Total Liabilities | $2.0M |
| Net Assets | $4.0M |
| Operating Margin | 17.5% |
| Debt-to-Asset Ratio | 33.7% |
| Months of Reserves | 57.4 months |
Financial Health Grade: A
In 2023, Vernon Continuing Care Homes Inc reported a surplus of $266K with revenue exceeding expenses, holds 57.4 months of operating reserves (strong position), has a debt-to-asset ratio of 33.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vernon Continuing Care Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | -44.3% | +6.1% |
| 2022 | -1.4% | +88.4% | -19.9% |
| 2021 | -1.1% | +1.9% | +6.0% |
| 2020 | +5.5% | -7.3% | +6.8% |
| 2019 | +0.1% | +8.2% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vernon Continuing Care Homes Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Vernon Continuing Care Homes Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $266K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.7%.
Executive Compensation Analysis
Vernon Continuing Care Homes Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive sign, suggesting that all available funds are directed towards the organization's mission and operational costs, rather than executive salaries.
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 Vernon Continuing Care Homes Inc's IRS 990 filings:
- Significant expense spike in 2022 leading to a substantial deficit ($2,249,353 expenses vs. $1,433,290 revenue).
Strengths
The following positive indicators were identified for Vernon Continuing Care Homes Inc:
- Consistent revenue generation over the past decade.
- No reported officer compensation across all filings, indicating high resource allocation to mission.
- Demonstrated financial recovery in 2023 after a challenging 2022.
- Stable asset base, generally above $5 million.
Frequently Asked Questions about Vernon Continuing Care Homes Inc
Is Vernon Continuing Care Homes Inc a legitimate charity?
Vernon Continuing Care Homes Inc (EIN: 20427450) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Vernon Continuing Care Homes Inc spend its money?
Vernon Continuing Care Homes Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Vernon Continuing Care Homes Inc tax-deductible?
Vernon Continuing Care Homes Inc is registered as a tax-exempt nonprofit (EIN: 20427450). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vernon Continuing Care Homes Inc's spending goes to programs?
Vernon Continuing Care Homes Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vernon Continuing Care Homes Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Vernon Continuing Care Homes Inc is above average for NTEE category P75 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vernon Continuing Care Homes Inc located?
Vernon Continuing Care Homes Inc is headquartered in Kittery, Maine and files with the IRS under EIN 20427450. It is classified under NTEE code P75.
How many years of IRS 990 filings does Vernon Continuing Care Homes Inc have?
Vernon Continuing Care Homes Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
Is Vernon Continuing Care Homes Inc. a good charity?
Based on the available IRS 990 data, Vernon Continuing Care Homes Inc. appears to be a good charity. It consistently directs a high percentage of its expenses to program services, has no reported executive compensation, and has demonstrated financial resilience after a challenging year in 2022.
How has the organization's financial health changed over time?
The organization has maintained a stable revenue base over the past decade. While it experienced a significant deficit in 2022 with expenses exceeding revenue by over $800,000, it demonstrated a strong recovery in 2023, returning to a surplus with expenses well below revenue. Assets have generally remained robust, fluctuating between $5.3 million and $7 million.
What caused the large expense increase in 2022?
The IRS 990 data alone does not specify the exact cause of the $2,249,353 expenses in 2022, which significantly exceeded the $1,433,290 revenue for that period. This could be due to one-time capital expenditures, unexpected operational costs, or a temporary increase in services. Further investigation into the detailed 990 form for that year would be needed to identify the specific reasons.
Filing History
IRS 990 filing history for Vernon Continuing Care Homes Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vernon Continuing Care Homes Inc's revenue has grown by 47.7%, moving from $1.0M to $1.5M. Total assets increased by 18.2% over the same period, from $5.1M to $6.0M. Total functional expenses rose by 16.9%, from $1.1M to $1.3M. In its most recent filing year (2023), Vernon Continuing Care Homes Inc reported a surplus of $266K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $6.0M in assets (debt-to-asset ratio: 33.7%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.3M | $6.0M | $2.0M | — | View 990 |
| 2022 | $1.4M | $2.2M | $5.7M | $2.2M | — | View 990 |
| 2021 | $1.5M | $1.2M | $7.1M | $2.4M | — | View 990 |
| 2020 | $1.5M | $1.2M | $6.7M | $2.5M | — | — |
| 2019 | $1.4M | $1.3M | $6.2M | $2.7M | — | View 990 |
| 2018 | $1.4M | $1.2M | $5.8M | $2.8M | — | View 990 |
| 2017 | $1.3M | $1.1M | $5.9M | $2.9M | — | — |
| 2016 | $1.3M | $1.1M | $5.7M | $3.0M | — | View 990 |
| 2015 | $1.3M | $1.1M | $5.5M | $3.2M | — | View 990 |
| 2014 | $1.3M | $1.1M | $5.4M | $3.3M | — | View 990 |
| 2013 | $1.2M | $1.1M | $5.3M | $3.4M | — | View 990 |
| 2012 | $1.1M | $1.1M | $5.1M | $3.5M | — | View 990 |
| 2011 | $1.0M | $1.1M | $5.1M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.3M, and assets of $6.0M (revenue +6.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $2.2M, and assets of $5.7M (revenue -1.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.2M, and assets of $7.1M (revenue -1.1% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.2M, and assets of $6.7M (revenue +5.5% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $6.2M (revenue +0.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $5.8M (revenue +6.1% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $5.9M (revenue -0.3% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.1M, and assets of $5.7M (revenue +2.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.1M, and assets of $5.5M (revenue -2.1% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.1M, and assets of $5.4M (revenue +8.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $5.3M (revenue +6.2% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $5.1M (revenue +11.5% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.1M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vernon Continuing Care Homes Inc:
Data Sources and Methodology
This transparency report for Vernon Continuing Care Homes Inc 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.