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Filing year 2023

Lakewood Northern Light Continuing Care Lakewood

Waterville, Maine·EIN 01-0421234·NTEE E200 · Health Care·3
Total revenue
$12.8M
Total assets
$6.5M
Total expenses
$14.2M
Reported officers
17
Mission

Lakewood d/b/a Northern Light Continuing Care Lakewood is a 105 bed long-term care facility that provides skilled, dementia and long-term nursing care.

Executive compensation, broken down

Form 990 · Schedule J · 12 reported individuals · Filing year 2023

Cna III
unclassified
$198k
$221k
Base
$142k
Bonus
$28k
Other
$6k
Benefits
$22k
Cna III
unclassified
$184k
$205k
Base
$132k
Bonus
$28k
Other
$10k
Benefits
$11k
Registered Nurse I
unclassified
$174k
$194k
Base
$130k
Bonus
$4k
Other
$14k
Benefits
$22k
Administrator
officer (unspecified)
$144k
$161k
Manager Clinical
unclassified
$144k
$160k
Registered Nurse I
unclassified
$124k
$139k
EVP & CPO
executive vice president
$113k
$126k
VP Fin-pt Yr
vice president
$83k
$92k
Base
$28k
Bonus
$1k
Other
$1k
Benefits
$3k
Former VP Finance
vice president
$58k
$65k
Pres/ex-officio
officer (unspecified)
$47k
$52k
Interim Vp-fin
officer (unspecified)
$19k
$21k
Director
board member
$2k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Health Care

Held steady
from 2022

From $199k in 2022 to $198k in 2023.

$199k
2022
$198k
2023
In today's dollarsEst.
Down 4% in real terms$230k to $221k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Lakewood Northern Light Continuing Care Lakewood reported revenue and expenses across 2 filing years.

RevenueExpenses
$14M
$13.4M
2022
$12.8M
$14.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Health Care executives earn

Comparable health care organizations nationwide pay their highest-earning executive a median of $163,400.

25th percentile
$60k
Median
$163,400
75th percentile
$408k
90th percentile
$966k

These are health care sector-wide figures, not this organization's reported pay. Based on 3,993 organizations across 3,993 filings (2021 – 2023).

See full Health Care compensation data
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