HEALTHCARE PURCHASER ALLIANCE OF M… - Form 990 Financial Data

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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

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

THE ALLIANCE IS A COLLABORATIVE OF PRIVATE EMPLOYERS AND PUBLIC TRUSTS DEDICATED TO LOWERING HEALTHCARE COSTS AND IMPROVING QUALITY. THROUGH COLLECTIVE AND INNOVATIVE STRATEGIES, ALLIANCE MEMBERS DRIVE THE CHANGE THEY WANT TO SEE IN MAINE'S HEALTHCARE MARKET.

Program Service Accomplishments

Program 1

Expenses: $971,322 Revenue: $663,850

The Healthcare Purchaser Alliance of Maine uses data to better inform employers about variations in the quality and cost of care provided across Maine and support them in using the data to improve...

The Healthcare Purchaser Alliance of Maine uses data to better inform employers about variations in the quality and cost of care provided across Maine and support them in using the data to improve the value of healthcare benefits. The Alliance has developed, and continues to develop, programs for employers that will not only reduce their healthcare costs but encourage employees to utilize high-value providers. Current offerings include programs involving centers of excellence, reference-based pricing, and behavioral health access. In 2023 the HPA became involved in legislative monitoring and advocacy as another strategy to advance value in our healthcare system for our members and everyone in the State of Maine.

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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 (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

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

$732,623

Total Directors

Key Employees

Highest Compensated

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

HEALTHCARE PURCHASER ALLIANCE OF MAINE