Concord, NH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)New Hampshire Individual Health Plan Benefit Association, founded in 1997, is a mid-sized nonprofit in the Mutual Benefit sector that reported $68.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.
The Association was created pursuant to the order of the New Hampshire Insurance Commissioner with the purpose of supporting the State's individual health plan programs. The primary purpose of the Association is to protect the residents of New Hampshire who participate in the individual health insurance market by providing a mechanism to equitably distribute the excess risk associated with this market. The Association's membership consists, by statute, of all insurers licensed to transact health insurance in the State of New Hampshire that offer policies for major medical coverage of an expense-incurred basis and all licensed hospitals, medical service corporations, or other organizers, if any, in the state that offer subscriber contacts for major medical coverage.
The Association collects assessments from its members on behalf of the State of New Hampshire to support its current Medicaid Expansion Program, known as the Granite Advantage Health Care Program...
The Association collects assessments from its members on behalf of the State of New Hampshire to support its current Medicaid Expansion Program, known as the Granite Advantage Health Care Program. The funds are then used by the State as required by statute to support the State's expansion of Medicaid services to a broader segment of the underserved population in New Hampshire.
The Association collects assessments from its members on behalf the State of New Hampshire to support its New Hampshire Reinsurance Program, which was established as a mechanism to equitably...
The Association collects assessments from its members on behalf the State of New Hampshire to support its New Hampshire Reinsurance Program, which was established as a mechanism to equitably distribute the excess risk associated with the individual health insurance market and to support the affordability and accessibility of health insurance in New Hampshire's individual health insurance market. The reinsurance program reimburses health plan issuers who offer comprehensive, major medical plans in New Hampshire's individual market that are part of a single-risk pool based on a percentage of annual claims that issuers incur for coverage under such plans.
The Association collects assessments from its members on behalf of the State of New Hampshire to support the cost of the ground ambulance cost and actuarial study mandated by New Hampshire Senate...
The Association collects assessments from its members on behalf of the State of New Hampshire to support the cost of the ground ambulance cost and actuarial study mandated by New Hampshire Senate Bill 407 (the "Ground Ambulance Study"). The Association is also responsible for overseeing the request for proposal (RFP) process and vendor contract for the Ground Ambulance Study, which evaluates adequacy of reimbursement rates for ground ambulance services in the State of New Hampshire.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $68,233,747 | $63,129,062 | +0.1% |
| Expenses | $68,242,955 | $63,140,745 | +0.1% |
| Net Income | $-9,208 | $-11,683 | -0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Christopher Kennedy | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kathryn Skouteris | Vice-Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Martha McLeod | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Bruce King | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gregg Daly | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Michelle Heaton | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Elaine Koskela | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Bradley Long | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Tu Nguyen | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| David Trudo | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mark McCue | Assistant Secretary | 1.00 |
Officer
|
$0 | $0 | $0 |
| J Michael Degnan | Executive Director | 15.00 |
Officer
|
$0 | $0 | $0 |
| Andrew Luce | Chief Financial Officer | 10.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $68,233,747 | $68,242,955 | $24,310,027 | $-9,208 |
| 2023 | $63,129,062 | $63,140,745 | $22,694,901 | $-11,683 |
| 2022 | $66,352,457 | $66,330,962 | $24,479,679 | $21,495 |
| 2021 | $20,083,017 | $20,083,017 | $26,631,931 | No data |
| 2020 | $10,282,373 | $10,282,373 | $9,962,660 | No data |
Compare New Hampshire Individual Health Plan Benefit Association with other nonprofits in New Hampshire and across the country.