NEW ENGLAND QUALITY CARE ALLIANCE INC (EIN 043040427) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

EMILY YOUNG

Phone

7813563336

Tax Period

2023-10-01 to 2024-09-30

NEW ENGLAND QUALITY CARE ALLIANCE INC, founded in 1988, is a mid-sized nonprofit in the Health Care sector that reported $10.9M in total revenue in fiscal year 2023. The organization ran a surplus of $9.4M, a strong 86% operating margin.

Mission

TO PREVENT DISEASE. OUR PATIENTS AND THEIR FAMILIES ARE AT THE CENTER OF EVERYTHING WE DO.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,902,815

Investment Income $4,040,076

Other Revenue $0

TOTAL REVENUE $10,942,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,943

Fundraising Expenses $0

Program Expenses $963,128

Other Expenses $1,370,034

TOTAL EXPENSES $1,537,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,942,891	$10,532,585	+0.0%
Expenses	$1,537,977	$11,996,084	-0.9%
Net Income	$9,404,914	$-1,463,499	-7.4%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$2,530,719

Total Directors

$3,616,145

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL OKALA	TRUSTEE	1.00	Director	$0	$16,258	$1,137,502
KAREN FREUND MD	TRUSTEE	1.00	Director	$0	$57,687	$652,575
EMILY YOUNG	PRESIDENT/TRUSTEE	1.00	Officer Director	$0	$100,550	$636,096
WILLIAM GALVIN III MD	TRUSTEE	1.00	Director	$0	$24,295	$601,433
DANIEL DRISCOLL MD	TRUSTEE (UNTIL 3/24)	1.00	Director	$0	$51,355	$440,466
DAVID CRISS MD	TRUSTEE	1.00	Director	$0	$0	$131,601
SHIRLEY HUANG MD	TRUSTEE	1.00	Director	$0	$0	$16,472
ALAIN CHAOUI MD	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE CRAGE MD	CHAIR/TRUSTEE	1.00	Officer Director	$0	$0	$0
MARK GILCHRIST MD	VICE CHAIR/TRUSTEE	1.00	Officer Director	$0	$0	$0
PETER ROMAN MD	TRUSTEE (UNTIL 3/24)	1.00	Director	$0	$0	$0
TUSHAR PATEL MD	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA CLIFFORD FNP	TRUSTEE (UNTIL 3/24)	1.00	Director	$0	$0	$0
ZACHARY REDMOND	SECRETARY	1.00	Officer	$0	$70,149	$669,412
NATHAN GAGNE	TREASURER (UNTIL 12/23)	20.00	Officer	$230,663	$35,752	$497,078
CHARLES R WHIPPLE ESQ	SECRETARY (UNTIL 4/24)	1.00	Officer	$0	$77,182	$479,065
ADAM RUSSMAN	ASSISTANT TREASURER	20.00	Officer	$107,781	$33,506	$249,068
LISA MANN REED	VP, POPULATION HEALTH MGMT.	20.00	Highest	$151,413	$25,144	$327,970
JAMES GAGNON	DIR. OF NETWORK PERFORMANCE	20.00	Highest	$106,102	$7,764	$219,968
BENJAMIN KRUSKAL	SR. MEDICAL DIRECTOR	20.00	Highest	$103,611	$6,021	$213,242
MARY PISTORINO	DIRECTOR OF NETWORK OPERATIONS	20.00	Highest	$73,718	$30,948	$178,384
JORY CURRAN	SR MANAGER COMMUNITY IMPLEMENTATIONS	20.00	Highest	$74,484	$4,588	$153,556
JOSEPH WHITE	FORMER TRUSTEE (UNTIL 9/23)	0.00		$0	$23,483	$1,140,951
CRAIG BEST	FORMER TRUSTEE	0.00		$0	$0	$188,461
DEEB SALEM MD	FORMER TRUSTEE	0.00		$0	$27,646	$201,758

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	$10,942,891	$1,537,977	$50,644,390	$9,404,914
2023	$10,532,585	$11,996,084	$72,322,887	$-1,463,499
2022	$26,873,556	$35,893,619	$98,780,535	$-9,020,063
2021	$31,702,650	$23,416,342	$132,535,337	$8,286,308

NEW ENGLAND QUALITY CARE ALLIANCE INC