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

$1.5MRevenue

$7.0MAssets

90/100Mission Score (Excellent)

P75

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.

AI Transparency Report

Vernon Continuing Care Homes Inc. demonstrates a generally stable financial position with consistent revenue streams over the past decade, typically ranging from $1.3 million to $1.5 million annually. The organization has shown a strong commitment to its program services, as evidenced by its program spending ratio. While the organization experienced a significant expense spike in 2022 ($2,249,353 against $1,433,290 revenue), leading to a deficit, it quickly recovered in 2023 with expenses ($1,253,587) well below revenue ($1,519,461). This indicates effective financial management in response to challenges. The absence of reported officer compensation across all filings suggests a high degree of financial transparency and a focus on directing resources towards its mission rather than executive salaries, which is a positive indicator for a nonprofit.

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.

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 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.	PDF
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.

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.