Vinalhaven Eldercare Services- Resources EIN 04-3380438

Vinalhaven Eldercare Services- Resources FY2021 filing

EIN  04-3380438 Public charity (501(c)(3)) Vinalhaven, ME
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps island elders live safely and comfortably at home, connected to their community.
Leadership
Linda Lynch · Adminstrator/CEO · $33K
Money in and out
$723K revenue, $673K expenses
Bottom line
76% program efficiency

Helps island elders live safely and comfortably at home, connected to their community. For fiscal year 2021 it reported $723K in revenue, $673K in expenses, and $891K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$723K
Pt VIII · Ln 12
Total expenses
$673K
Pt IX · Ln 25
Net assets
$891K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $50K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.23 Fundraising $0.01
Program efficiency
76%
of spending reaches programs
Operating runway
9.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$723K
FY2021▼ -1%
Expenses
$673K
FY2021▲ +5%
Total assets
$899K
FY2021▲ +7%
Total liabilities
$8K
FY2021▲ +75%
Total revenue
$723K
Pt VIII · Ln 12
Total expenses
$673K
Pt IX · Ln 25
Net assets
$891K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$50K
Total assetsPt X · Ln 16$899K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

2 program services account for $512K of program spending, described in the organization's own filed words · FY2020.
01

The Organization operates the Ivan Calderwood Homestead, an eight-person assisted living facility. Eight rooms provide housing to elders of Vinalhaven who are no longer able to remain in their homes. The Homestead also houses a Senior Center providing adult care and activities.

$500Kprogram expense
02

The Organization provides home care and other support for elderly on the island, including meals on wheels and medical alert services.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVinalhaven Eldercare Services- Resources
EINHdr · item D04-3380438
Principal addressHdr · item CVinalhaven, ME
WebsiteHdr · item Jwww.vinalhaveneldercare.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P81)
Ruling yearIRS BMFApr 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Adminstrator/CEO
$32,780Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Sandra Alley’s $67K as Administrator/CEO is at the 57th percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sandra Alley$66,788$61,313$27,481
Kristi Butler$64,301$52,803
Linda Lynch$44,421$32,780$28,905

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$534K · 74%
Contributions & grants$178K · 25%
Other revenue$10K · 1%
Program service revenue74%$534K
Contributions & grants25%$178K
Other revenue1%$10K
Investment income$776
Total revenueLn 12$723K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.23 Fundraising $0.01
Program services76%$512K
Management & general23%$157K
Fundraising1%$4K
Total functional expensesLn 25$673K

Balance Sheet

Part X · end of year
CashLn 1$522K
Total assetsLn 16$899K
Total liabilitiesLn 26$8K
Total net assetsLn 32$891K
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $547K · Operating expenses (Pt IX) $673K · Less non-cash grants $13K · Cash operating expenses/yr $660K
9.9 months
Where the money goes
Program services
Program services $512K · Total expenses $673K
76%
Management & General
Management & general $157K · Total expenses $673K
23%
Fundraising
Fundraising $4K · Total expenses $673K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $5K · Solicited contributions (2-yr avg) $171K
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $178K · Total revenue $723K
25%
Government reliance
Government grants — · Total revenue $723K
Earned-income share
Program service revenue $534K · Total revenue $723K
74%
Investment reliance
Investment income $776 · Total revenue $723K
0%
Program self-sufficiency
Program service revenue $534K · Total expenses $673K
79%
Growth & trend
Revenue growth (YoY)
This year $723K · Prior year $731K
-1%
Net-asset trend (YoY)
End of year $891K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $723K · Expenses $673K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $899K
Net-asset ratio
Net assets $891K · Total assets $899K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $25K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $899K
3%
People & payroll
Highest Reported Total Compensation
Individual Linda Lynch · Reported title Adminstrator/CEO · Highest reported compensation $33K · Total expenses $673K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $444K · Total expenses $673K
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 23%
Fundraising cost ratio 2%
Revenue growth -1%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$828K revenue · ⤓ 990 PDF
FY2024$892K revenue · ⤓ 990 PDF
FY2023$760K revenue · ⤓ 990 PDF
FY2022$747K revenue · ⤓ 990 PDF
FY2021$723K revenue · viewing · ⤓ 990 PDF
FY2020$731K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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