Maine Veterans Home
88% goes to programs $0 to raise $100 Strong reserves
Maine Veterans Home is a 501(c)(3) organization based in Augusta, Maine, registered in 1981, with $106,659,613 in FY2023 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
460 Civic Center Dr, Augusta, ME, 04330 EIN 01-0376832 Since 1981
Revenue (FY2023)
$106.7M
▲ 19.2% vs prior year
Health median: $840K
Expenses (FY2023)
$113.2M
Net assets
$120.6M
Employees
1,591
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Maine Veterans Home: 88% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating13 mo reserves · -6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Maine Veterans Home: 13 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Maine Veterans Home: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Maine Veterans Home: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
Maine veterans' home scarborough operates 150 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. during fy24, we provided 50,855 days of care to 256 residents. efforts to recover from the coronavirus pandemic were the primary focus in this fiscal year.
Maine veterans' home bangor operates 150 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. duringfy24, we provided 50,375 days of care to 258 residents. efforts to recover from the coronavirus pandemic were the primary focus in this fiscal year.
We operate three additional facilities in maine, one in south paris (90 beds), caribou (70 beds) and machias (30 beds). during fy24, we provided a combined total of 61,493 days of care to 317 residents. mvh pharmacies provides medication and consulting services to all six mvh facilities and external nursing homes.
Contact & location
- Address
- 460 Civic Center Dr, Augusta, ME, 04330
- City
- Augusta
- State
- Maine
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $92.3M (FY2013) to $106.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $52.1MNet assets $120.6M
Operating margin
-6.1%
Spent more than it raised in the latest fiscal year.
Total assets
$172.6M
Total liabilities
$52.1M
Net assets
$120.6M
Salaries & benefits
$71.1M
63% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $106,659,613▲19.2% | $113,203,865▲9.8% | $120,551,407▼5.9% | $172,629,725▼6.7% | 990 |
| 2022 | $89,462,623▲4.2% | $103,085,307▲7.4% | $128,060,614▼9.9% | $185,101,800▼8.2% | 990 |
| 2021 | $85,884,783▼20.0% | $95,974,404▼2.0% | $142,085,605▼10.2% | $201,723,871▼7.3% | 990 |
| 2020 | $107,295,717▼15.1% | $97,921,867▼3.4% | $158,273,296▲11.3% | $217,527,191▲16.1% | 990 |
| 2019 | $126,323,581▲13.3% | $101,373,945▲9.6% | $142,261,364▲22.6% | $187,313,138▲25.6% | 990 |
| 2018 | $111,490,239▲10.2% | $92,467,792▼6.9% | $116,065,743▲20.8% | $149,178,828▲4.9% | 990 |
| 2017 | $101,148,915▲3.4% | $99,351,896▲1.5% | $96,099,873▲2.6% | $142,234,366▼0.4% | 990 |
| 2016 | $97,808,788▲4.7% | $97,870,385▲5.6% | $93,692,573▲2.3% | $142,818,715▲11.8% | 990 |
| 2015 | $93,411,752▲4.9% | $92,675,543▲7.1% | $91,599,921▲0.8% | $127,726,566▲8.6% | 990 |
| 2014 | $89,050,718▼3.5% | $86,512,944▼0.6% | $90,914,556▼12.0% | $117,601,979▲5.1% | 990 |
| 2013 | $92,250,641 | $87,069,788▲1.7% | $103,331,890▲9.1% | $111,943,810▲6.8% | 990 |
| 2012 | — | $85,645,389▲7.0% | $94,708,392▲3.4% | $104,837,219▲4.2% | 990 |
| 2011 | — | $80,039,181▲5.7% | $91,563,715▲4.4% | $100,588,540▲4.3% | 990 |
| 2010 | — | $75,714,276▲3.2% | $87,664,106▲11.5% | $96,480,267▲12.1% | 990 |
| 2009 | — | $73,349,569 | $78,648,877 | $86,041,025 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Sharon Fusco — $250,001 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sharon Fusco | Ceo | 40 | $250,001 |
| Kevin Brooks | Cfo | 40 | $190,927 |
| Rebecca Gagnon | Coo | 40 | $187,486 |
| Neil Thurlow | Director of Pharmacy Ops | 40 | $168,803 |
| Jeffrey Church | Pharmacist | 40 | $168,738 |
| James Mcquaid | Past Chief Pharmacy Officer | 40 | $161,990 |
| Gregory Urban | Administrator | 40 | $160,948 |
| Jacob Anderson | Administrator | 40 | $159,951 |
| Angela Armstrong | Board Member | 1 | — |
| Bridget Miller | Board Member | 1 | — |
| Christine Brawn | Board Member | 1 | — |
| Christopher Gardner | Board Member | 1 | — |
| David Richmond | Board Member | 1 | — |
| Diane Jackson | Board Member | 1 | — |
| Donald Lagace | Board Chair | 1 | — |
| Emil Genest | Treasurer | 1 | — |
| Heather Burr | Board Member | 1 | — |
| Julie Schwetz | Secretary | 1 | — |
| Michael Pooler | Board Member | 1 | — |
| Richard Parent | Past Board Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Hudson Staffing Pllc | Contract Nursing | $5,890,323 |
| Health Carousel LLC | Contract Nursing | $1,698,396 |
| Mas Medical Staffing | Contract Nursing | $686,932 |
| Select Rehabilitation Inc | Therapy Services | $606,842 |
| Boreas Transportation Company LLC | Delivery Services | $565,362 |
Grants received · $31K total
4 grants to Maine Veterans Home totaling $31K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,100 |
| Martins Point Health Care Inc | General support | 2020 | $6,480 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $11,564 |
| Thdf II Inc | To assist local charities | 2017 | $7,800 |
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Compare Maine Veterans Home
Frequently asked questions
- Is Maine Veterans Home a legitimate nonprofit?
- Yes. Maine Veterans Home is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0376832, based in Augusta, Maine. Donations are tax-deductible.
- What is Maine Veterans Home's EIN?
- Maine Veterans Home's Employer Identification Number (EIN) is 01-0376832.
- How much revenue does Maine Veterans Home report?
- Maine Veterans Home reported $106,659,613 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Maine Veterans Home's spending goes to programs?
- Maine Veterans Home spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Maine Veterans Home have?
- CharityIndex grades Maine Veterans Home A, based on program efficiency and fundraising cost.
- How much does Maine Veterans Home's highest-paid employee make?
- The highest reported compensation on Maine Veterans Home's latest Form 990 is $250,001, paid to Sharon Fusco (Ceo).
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Data for Maine Veterans Home (EIN 01-0376832) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.