HEALTHCARE PURCHASER ALLIANCE OF MAINE

EIN: 043845053 501(c)(3) Health Care

FALMOUTH, ME

Total Revenue
$1,707,544
Total Expenses
$1,310,999
Total Assets
$3,969,430
Net Assets
$3,308,672
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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
2006
Legal Domicile
ME
Principal Officer
TREVOR PUTNOKY
Phone
2078448106
Tax Period
2025-01-01 to 2025-12-31

HEALTHCARE PURCHASER ALLIANCE OF MAINE, founded in 2006, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2025. The organization ran a surplus of $397K, a strong 23% operating margin.

Mission

DEDICATED TO LOWERING HEALTHCARE COSTS AND IMPROVING QUALITY THROUGH COLLECTIVE ACTION AND INNOVATIVE STRATEGIES

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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 (2025)

Revenue Breakdown

Contributions & Grants $834,677
Program Service Revenue $662,651
Investment Income $209,017
Other Revenue $1,199
TOTAL REVENUE $1,707,544

Expense Breakdown

Grants Paid $0
Salaries & Benefits $999,534
Fundraising Expenses $0
Program Expenses $971,322
Other Expenses $311,465
TOTAL EXPENSES $1,310,999

Year-over-Year Comparison

2025 2024 Change
Revenue $1,707,544 $1,636,814 +0.0%
Expenses $1,310,999 $1,346,788 0.0%
Net Income $396,545 $290,026 +0.4%
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

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Governance

Voting Members
13
Independent Members
13
Employees
6
Volunteers
13

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
7
$732,623
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Kent Chair 1.00
Officer Director
$0 $0 $0
Kristy Gould Vice-Chair 1.00
Officer Director
$0 $0 $0
Kelly Landry Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Tracy Elliott Board Member 1.00
Director
$0 $0 $0
Andrew Gregg Board Member 1.00
Director
$0 $0 $0
Palmer Higgins Board Member 1.00
Director
$0 $0 $0
Jenn Hughs Board Member 1.00
Director
$0 $0 $0
Christopher Lockman Board Member 1.00
Director
$0 $0 $0
Nate Moody Board Member 1.00
Director
$0 $0 $0
Nathan Morse Board Member 1.00
Director
$0 $0 $0
Geoff Swift Board Member 1.00
Director
$0 $0 $0
Amy Tardiff Board Member 1.00
Director
$0 $0 $0
Anne Torregrossa Board Member 1.00
Director
$0 $0 $0
Trevor Putnoky President & CEO 44.70
Officer
$181,874 $41,055 $222,929
Sara Fitzgerald Director of Data Analytics 39.12
Officer
$166,236 $30,843 $197,079
Lisa Nolan Director of Strategy & Advocacy 50.67
Officer
$155,898 $6,895 $162,793
Michelle Hall Director of Finance & Administration 39.01
Officer
$123,415 $26,407 $149,822
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
2025 $1,707,544 $1,310,999 $3,969,430 $396,545
2024 No data No data No data No data
2023 $1,335,410 $1,411,187 $3,138,817 $-75,777
2022 $1,439,003 $1,369,178 $3,665,544 $69,825
2021 $1,376,077 $1,451,314 $4,077,534 $-75,237
2020 $1,490,167 $1,471,094 $4,148,940 $19,073
2019 $1,358,726 $1,535,683 $2,956,266 $-176,957
2018 $1,323,705 $1,606,106 $3,097,002 $-282,401
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