2024-08-06T15:29:30-05:00 2023-09-30 990 2022-10-01 010382340 LincolnHealth Cove's Edge LINC 2075634600 35 Miles Street Damariscotta ME 04543 WAYNE PRINTY CFO 2075634600 2024-07-16 1 2022 2024-08-08 14:25:15Z Cynthia Wade 6 St Andrews Ln Boothbay Harbor ME 04538 11169517 0 X WWW.LCHCARE.ORG X 1981 ME LincolnHealth Cove's Edge will uphold the trust placed in us by assuring: -the best and most compassionate skilled nursing, long term-care, assisted living and adult day care services from well trained professionals. -that the independence and dignity of our patients, residents, and clients will always be respected, and promoting open communication in all care decisions that, as a not-for-profit organization, we will be trustworthy stewards of our resources. -our active participation and support of the Mainehealth family. 20 11 0 24 455182 0 68534 2275805 7725778 7508152 6441 55335 706629 477232 8507382 10316524 0 0 0 0 7971461 7835880 0 0 0 5675347 5419491 13646808 13255371 -5139426 -2938847 8330762 7653706 4130747 2871379 4200015 4782327 X See Schedule O 0 0 8282584 5138040 Long Term Care - LincolnHealth Cove's Edge long term care program services include a 76 bed, dually licensed facility that provides both skilled and long term nursing care to its residents. For the year ending September 30, 2023, LincolnHealth Cove's Edge had 14,157 patient days. Of those days, 12% represented Medicare patients, and 58% MaineCare patients. 3474154 2396648 Residential Care - LincolnHealth Cove's Edge provides residential care at its Chase Point facility. Chase Point consists of 24 residential care apartments and 18 dementia care beds. For the year ending September 30, 2023, Chase Point had 3,778 Residential Care patient days, and 5,382 dementia care patient days. Of the dementia care days, 49% represented MaineCare patients. 401038 Schooner Cove Cooperative provides maintenance and other services for Schooner Cove, a congregate living facility located in Damariscotta, Maine. 401038 12157776 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 20 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X WAYNE R PRINTY 2076338402 6 ST ANDREWS LANE BOOTHBAY HARBOR ME 04538 Andrew Russ MD Physician, LH 1.00 50.00 X 0 340437 48703 Aquilino Alamo MD Physician, LH 1.00 50.00 X 0 250428 43548 Jessica Pinkham RN Director of Surgical Services, LH 1.00 50.00 X 0 96076 30322 Kelly Elkins Chief Operating Officer, MH 1.00 50.00 X 0 1100614 29176 Omar Hasan MD Chief Quality Officer, MH 1.00 50.00 X 0 751544 53320 Russell Mack MD Physician, LH 1.00 50.00 X 0 122400 0 Samira Hasan DO Physician, LH 1.00 50.00 X 0 574896 47934 Sean O'Donnell MD Physician, LH 1.00 50.00 X 0 310796 44185 Bruce P Garren Vice Chair/Treasurer 1.00 0.00 X X 0 0 0 Marva Nesbit Secretary 1.00 0.00 X X 0 0 0 Jack T Fulmer MD Chair 1.00 0.00 X X 0 0 0 Leslie Fossel Trustee 1.00 0.00 X 0 0 0 Denise Soucy MD Trustee 1.00 0.00 X 0 0 0 Holly Stover Trustee 1.00 0.00 X 0 0 0 Peter Wood Trustee 1.00 0.00 X 0 0 0 Meagan G Hamblett Trustee 1.00 0.00 X 0 0 0 Bruce Lutsk Trustee 1.00 0.00 X 0 0 0 Louis Sell Trustee 1.00 0.00 X 0 0 0 Timothy Fox MD Physician, LH 1.00 50.00 X 0 418434 46799 Wayne Moore Trustee 1.00 0.00 X 0 0 0 Cynthia Wade President 3.00 50.00 X 0 465506 50730 Wayne Printy Chief Financial Officer 3.00 50.00 X 0 311617 40944 Cheryl L Dobbelsteyn Senior Director 50.00 0.00 X 139631 0 20325 Sherry A McCormick Director of Nursing 50.00 0.00 X 100741 0 31903 Stacy M Oliver Clinical Nurse Manager 50.00 0.00 X 106392 0 32176 Thelma A Hannan Director of Nursing 50.00 0.00 X 105542 0 33166 Wanda Wilcox Executive Director 50.00 0.00 X 126817 0 23560 579123 4742748 576791 5 0 1 0 0 2270006 5799 2275805 PATIENT SERVICE REVENU 623000 5123982 5123982 RESIDENT SERVICE REVEN 623000 2384170 2384170 7508152 50849 50849 20189 2432 0 2432 20189 0 20189 20189 855047 850561 4486 4486 4486 Admin & Support Servic 561000 401038 401038 Contract Service 531310 33655 33655 Management Fees 531310 22050 22050 300 300 457043 10316524 7534688 455182 50849 X 5992992 5990742 2250 197191 197191 1200909 1199139 1770 444788 444788 2605 2605 1262995 1262995 503 503 152321 114589 37732 347265 159742 187523 303299 303299 10040 10040 49545 49545 504439 504439 31749 11567 20182 INTEGRATED SERVICES 1099043 250905 848138 0 STATE NURSING HOME TAX 442440 442440 MEDICAL SUPPLIES 151714 151714 MAINTENANCE 50584 50584 1010949 1010949 13255371 12157776 1097595 0 446 350 155939 175301 1089997 744841 54207 79294 16062 19084 20239896 16834775 3766385 3405121 2026337 2135863 203390 199339 1017999 894513 8330762 7653706 733877 960910 42708 17024 1128884 917027 2225278 976418 4130747 2871379 X 3699972 4260948 500043 521379 4200015 4782327 8330762 7653706 X -2938847 56058 3465101 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 2605 2605 0 Part II-B, Line 1: Member dues paid to MHCA, AHCA, LeadingAge National and LeadingAge Maine & New Hampshire, a portion of which is attributable to lobbying activities. 2092980 85686 -3653 2175012 2217763 50325 -171468 -3640 2092980 2161428 300 59358 -3324 2217763 2054585 200 110025 -3382 2161428 1986894 225 77266 -9800 2054585 0.07660 0.92340 0 1 1 846273 846273 13104777 11580885 1523892 4677717 3981430 696287 1611129 1272460 338669 3405121 OTHER 477916 PATIENT DEPOSITS 120340 DUE FROM AFFILIATES 296257 894513 DUE TO THIRD PARTY PAYORS 958321 DUE TO AFFILIATES 18097 976418 X Part V, Line 4: BOARD DESIGNATED FUNDS - COVES CARE AND THE MCLAUGHLIN FUND 1. COVES CARE FUND INTENDED USE: THE INTENDED USE OF INTEREST EARNED ONLY IS EARMARKED SPECIFICALLY FOR EDUCATION FOR STAFF IN LONG TERM CARE OR ASSISTED LIVING. 2. MCLAUGHLIN FUND INTENDED USE: THE INTENDED USE OF INTEREST EARNED ONLY IS EARMARKED FOR THE COURTYARD UPKEEP. PERMANENT ENDOWMENT - HOSPICE FUND 1. HOSPICE FUND INTENDED USE: THE INTENDED USE OF 3% OF THE MARKET VALUE TO BE USED FOR MISC HOSPICE NEEDS AS APPROVED BY THE BOARD. Part X, Line 2: The Internal Revenue Service has previously determined that the MaineHealth System and its subsidiaries (except Maine Medical Partners (MMP) (a subsidiary of MaineHealth) are organizations as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and are exempt from federal income taxes on related income pursuant to Section 501(a) of the IRC. The MaineHealth System recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount of benefit that is greater than fifty percent likely to be realized upon settlement. Changes in measurement are reflected in the period in which the change in judgment occurs. The MaineHealth System did not recognize the effect of any income tax positions in either 2023 or 2022. 0 0 0 0 0 0 0 0 0 Kelly Elkins Chief Operating Officer, MH 0 734790 0 174375 0 191449 0 12200 0 16976 0 1129790 0 0 Omar Hasan MD Chief Quality Officer, MH 0 462411 0 91500 0 197633 0 15250 0 38070 0 804864 0 0 Samira Hasan DO Physician, LH 0 374395 0 174261 0 26240 0 10675 0 37259 0 622830 0 0 Cynthia Wade President 0 301518 0 82450 0 81538 0 12200 0 38530 0 516236 0 0 Timothy Fox MD Physician, LH 0 351019 0 46818 0 20597 0 9154 0 37645 0 465233 0 0 Andrew Russ MD Physician, LH 0 263338 0 49651 0 27448 0 12479 0 36224 0 389140 0 0 Sean O'Donnell MD Physician, LH 0 286984 0 990 0 22822 0 12200 0 31985 0 354981 0 0 Wayne Printy Chief Financial Officer 0 243165 0 40734 0 27718 0 24400 0 16544 0 352561 0 0 Aquilino Alamo MD Physician, LH 0 198583 0 27022 0 24823 0 10418 0 33130 0 293976 0 0 Cheryl L Dobbelsteyn Senior Director 138065 0 0 0 1566 0 5217 0 15108 0 159956 0 0 0 Wanda Wilcox Executive Director 125088 0 0 0 1729 0 5290 0 18270 0 150377 0 0 0 A Maine Health & Higher Ed Facilities 010314384 560427LW4 2011-08-31 6271571 See Part VI 0 0 0 A 4680000 6271571 343761 63232 6208339 1 0 1 1 A 0 0 0 1 0 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: Maine Health & Higher Ed. Facilities Date the Rebate Computation was Performed: 08/31/2023 Series 2011A Refund Bonds: With respect to Part I, column (e), and Part II lines 1-12, the institution is reporting its allocable portion of this bond issue, the remainder of which is allocable to affiliated entities(though the affiliated entities' shares are at this time fully defeased). For purposes of Part I,column (i), the institution has assumed that this arrangement does not constitute a "pooled financing." Part I, column (f) - Refund bonds issued 7/9/1998, 12/10/1998, 5/19/1999 and 11/15/2001. Part II, line 4 The amount shown here consists of $276,543 in a debt service reserve fund, plus $71,082 of debt service fund deposits. Part III has not been completed with respect to the bonds shown in column A, since the bonds being refinanced by such bonds were issued before 2003. Form 990, Part V, Line 1a: MaineHealth (EIN 01-0238552), acting on behalf of the MaineHealth System filed 1,684 Form 1099s for the calendar year 2022. FORM 990, Part V, Line 2a: MaineHealth (EIN 01-0238552), acting on behalf of the MaineHealth System filed Form W-3, reporting 26,427 employees for the calendar year 2022. Form 990, Part VI, Section A, line 6 Mainehealth (EIN # 01-0238552) is the sole member of LincolnHealth Cove's Edge. Form 990, Part VI, Section A, line 7a MaineHealth appoints the members of the governing body of LincolnHealth Hospital pursuant to the bylaws of LincolnHealth Cove's Edge. Those individuals also serve on the board of LincolnHealth Cove's Edge. Form 990, Part VI, Section A, line 7b Decisions of the governing body such as budgets, business strategies, significant financial commitments, and amendments to the articles of incorporation are subject to the approval of the sole corporate member. Form 990, Part VI, Section B, line 11b The Chief Financial Officer reviews the 990 prior to signing the return. The Form 990 is provided to the full Board of Trustees prior to filing the return. Form 990, Part VI, Section B, line 12c MaineHealth's Audit & Compliance Services sends Conflict of Interest (COI) disclosure form requests to over 3,000 Care Team Members (including all Board Members, Officers, and other Senior Leaders) each year. Audit & Compliance Services collects the disclosure forms and reviews each submission for possible reported conflicts to determine if a management mitigation plan is required. The results of the annual COI process are reported to the MaineHealth Executive Compliance Committee, the Audit Committee, Local Health System Presidents, and the Board of Trustees Chairpersons. Form 990, Part VI, Section B, line 15 Compensation Process for Presidents (Line 15a) MaineHealth, a related organization uses an outside firm, Sullivan Cotter, to perform an independent benchmark analysis annually for the President of LincolnHealth Cove's Edge. The firm meets with the Executive Committee of the Board of Directors of MaineHealth to review the executive compensation report. The Executive Committee then deliberates on MaineHealth's written salary and incentive plan philosophy before making a final decision. All meeting decisions are captured in minutes with appropriate approvals at all levels. Compensation process for officers (Line 15b) Compensation for officers of LincolnHealth Cove's Edge is part of the independent benchmark analysis performed annually by Sullivan Cotter. All compensation decisions are reviewed and approved by the MaineHealth Chief Executive Officer, Chief Operating Officer and Chief People Officer. Form 990, Part VI, Section C, line 19 Documents that are required to be open for public inspection are made available upon request. Form 990, Part IX, line 11g Purchased Services - Long-term care: Program service expenses 1,135,567. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,135,567. Purchased Services - Assisted living: Program service expenses 127,428. Management and general expenses 0. Fundraising expenses 0. Total expenses 127,428. Form 990, Part XI, line 9: Equity transfers 3,465,101. LincolnHealth Medical Partners Inc 35 Miles Street Damariscotta ME 04543 263878235 Physician practices ME 501(c)(3) Line 7 MaineHealth 0 MaineHealth Services 110 Free Street Portland ME 04101 010431680 Healthcare ME 501(c)(3) Line 12c, III-FI N/A 0 MaineHealth 22 Bramhall Street Portland ME 04102 010238552 Hospital ME 501(c)(3) Line 3 MaineHealth Services 0 St Joseph's Rehabilitation & Residence 1133 Washington Avenue Portland ME 04103 010339489 Nursing home ME 501(c)(3) Line 10 MaineHealth 0 Maine Medical Center Realty Corp 22 Bramhall Street Portland ME 04102 010434215 Property management ME 501(c)(3) Line 12a, I MaineHealth 0 Quarry Hill 4 White Street Rockland ME 04841 010213976 Long term care ME 501(c)(3) Line 10 MaineHealth 0 Healthy Community Coalition Inc 105 Mt Blue Circle Farmington ME 04938 223305743 Community services ME 501(c)(3) Line 7 MaineHealth 0 Western Maine Multi-Medical Specialists 181 Main Street Norway ME 04268 010489824 Physician practices ME 501(c)(3) Line 10 MaineHealth 0 Western Maine Nursing Home Inc 181 Main Street Norway ME 04268 222842655 Nursing home ME 501(c)(3) Line 10 MaineHealth 0 Mid Coast Geriatric Services Corporation 123 Medical Center Drive Brunswick ME 04011 010496221 Home health ME 501(c)(3) Line 10 MaineHealth 0 Community Health and Nursing Services 60 Baribeau Drive Brunswick ME 04011 010211546 Home health ME 501(c)(3) Line 10 maineHealth 0 PBH Management Company PO Box 287 Belfast ME 04915 010537278 Management services ME N/A C 0 Maine Medical Partners 22 Bramhall Street Portland ME 04102 010442142 Healthcare ME N/A C 0 Waldo County Healthcare Mgmt Co PO Box 287 Belfast ME 04915 010485133 Management services ME N/A C 0 Midcoast Health Management Corp 123 Medical Center Drive Brunswick ME 04011 010429598 Management services ME N/A C 0 Mid Coast Medical Group 123 Medical Center Drive Brunswick ME 04011 010484592 Management services ME N/A C 0 Thornton Oaks Development Corp 123 Medical Center Drive Brunswick ME 04011 010448411 Management services ME N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1