NORTHERN NEW ENGLAND BENEFIT TRUST (DBA ALLEGIANT CARE)

EIN: 026015031

MANCHESTER, NH

Total Revenue
$334,156,209
Total Expenses
$291,736,724
Total Assets
$428,558,078
Net Assets
$419,547,338
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NH
Principal Officer
CHRISTINA KOSHA
Phone
6036694771
Tax Period
2023-09-01 to 2024-08-31

NORTHERN NEW ENGLAND BENEFIT TRUST (DBA ALLEGIANT CARE), founded in 1965, is a major nonprofit that reported $334.2M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $291.7M left a modest 13% surplus.

Mission

AT ALLEGIANT CARE, WE ARE COMMITTED TO PROVIDING QUALITY, COMPREHENSIVE, AND AFFORDABLE HEALTHCARE AND PRESCRIPTION BENEFITS. OUR MISSION IS TO ASSIST AND ADVOCATE FOR YOU AND YOUR DEPENDENTS WHILE NAVIGATING THE INCREASINGLY COMPLEX HEALTHCARE SYSTEM. THIS IS OUR MISSION AND OUR RESPONSIBILITY TO YOU AS FELLOW TEAMSTERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $309,995,511
Investment Income $12,818,684
Other Revenue $11,342,014
TOTAL REVENUE $334,156,209

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,259,375
Fundraising Expenses $0
Other Expenses $13,841,519
TOTAL EXPENSES $291,736,724

Year-over-Year Comparison

2023 2022 Change
Revenue $334,156,209 $253,708,744 +0.3%
Expenses $291,736,724 $219,119,672 +0.3%
Net Income $42,419,485 $34,589,072 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
6
Employees
36
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$490,777
Total Directors
10
$152,844
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HOLMES TRUSTEE 2.00
Director
$15,000 $24,336 $39,336
RONALD RABIDEAU TRUSTEE 2.00
Director
$15,000 $24,336 $39,336
ROBERT ROBICHAUD TRUSTEE 2.00
Director
$15,000 $24,336 $39,336
DENNIS MCGUIRE TRUSTEE 2.00
Director
$10,500 $24,336 $34,836
JEFFREY PADELLARO TRUSTEE, CHAIRMAN 2.00
Officer Director
$0 $0 $0
GEORGE BELANGER TRUSTEE 2.00
Director
$0 $0 $0
ROCCO CALO TRUSTEE 2.00
Director
$0 $0 $0
BRETT MILLER TRUSTEE 2.00
Director
$0 $0 $0
FRANK O'HANLON TRUSTEE 2.00
Director
$0 $0 $0
TONY ST HILAIRE TRUSTEE 2.00
Director
$0 $0 $0
CHRISTINA KOSHA EXECUTIVE DIRECTOR 60.00
Officer
$411,609 $79,168 $490,777
KATELYN STRAUCH CLINICAL PHARMACIST 60.00
Highest
$210,286 $65,239 $275,525
CAROLYN MADDEN ACCOUNTING MANAGER 60.00
Highest
$124,188 $80,596 $204,784
ERIC EICHEN OPERATIONS MANAGER 60.00
Highest
$129,497 $67,359 $196,856
JACOB CUTONE IT MANAGER 60.00
Highest
$122,753 $72,651 $195,404
PENEE O'NEIL OFFICE MANAGER 60.00
Highest
$109,222 $58,202 $167,424
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $334,156,209 $291,736,724 $428,558,078 $42,419,485
2023 $253,708,744 $219,119,672 $368,013,677 $34,589,072
2022 $250,295,917 $212,711,932 $333,851,351 $37,583,985
2021 $244,276,811 $206,543,138 $312,721,397 $37,733,673
2020 $224,022,005 $182,211,743 $262,204,402 $41,810,262
2019 $206,843,938 $184,514,683 $210,867,528 $22,329,255
2018 $190,658,578 $183,313,019 $187,547,651 $7,345,559
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