New England Life Care Inc (EIN 223195337) - 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

1992

Legal Domicile

Principal Officer

Robert Calway

Phone

8002906558

Tax Period

2024-01-01 to 2024-12-31

New England Life Care Inc, founded in 1992, is a major nonprofit that reported $135.2M in total revenue in fiscal year 2024.

Mission

Delivery of home health care services.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $134,806,010

Investment Income $401,434

Other Revenue $0

TOTAL REVENUE $135,207,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,768,350

Fundraising Expenses $0

Program Expenses $113,986,966

Other Expenses $87,154,681

TOTAL EXPENSES $132,923,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,207,444	$130,371,244	+0.0%
Expenses	$132,923,031	$135,669,010	0.0%
Net Income	$2,284,413	$-5,297,766	-1.4%

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

624

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

$921,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vincent T McDermott	Chairman	1.00	Officer Director	$0	$0	$0
Patrick F Jordan III	Treasurer	1.00	Officer Director	$0	$0	$0
Amy Hoey	Secretary	1.00	Officer Director	$0	$0	$0
John Alexander MD	Director	1.00	Director	$0	$0	$0
Mary Bakken	Director	1.00	Director	$0	$0	$0
Mary L Bolg	Director	1.00	Director	$0	$0	$0
Britt Crewse	Director	1.00	Director	$0	$0	$0
Matthew Larkin	Director	1.00	Director	$0	$0	$0
Lisa Harvey-McPherson	Director	1.00	Director	$0	$0	$0
Alice Shakman	Director	1.00	Director	$0	$0	$0
Sam J Skura	Director	1.00	Director	$0	$0	$0
Laura E Smith MD	Director	1.00	Director	$0	$0	$0
Christina M Stone	Director	1.00	Director	$0	$0	$0
Kevin B Whitney	Director	1.00	Director	$0	$0	$0
Staci A Hermann	Past Director	1.00	Director	$0	$0	$0
Jennifer McCarthy	Past Director	1.00	Director	$0	$0	$0
Greg Pauly	Past Director	1.00	Director	$0	$0	$0
Susan Moffatt-Bruce MD	Past Director	1.00	Director	$0	$0	$0
Robert Calway	President & CEO	40.00	Officer	$473,069	$75,745	$548,814
Michael Gallagher	Chief Financial Officer	40.00	Officer	$311,121	$62,048	$373,169
Brian Treptow	Chief Information Officer	40.00	Highest	$259,848	$52,297	$312,145
Timathy John Horton	Director of Pharmacy Operations	40.00	Highest	$191,469	$14,833	$206,302
Catherine Boyd	Chief Operating Officer	40.00	Highest	$278,818	$48,425	$327,243
Jeni Shields	Executive Regional Director	40.00	Highest	$195,417	$11,656	$207,073
Dana Sheer	Chief of Nursing	40.00	Highest	$201,501	$15,755	$217,256

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	$135,207,444	$132,923,031	$62,119,745	$2,284,413
2023	$130,371,244	$135,669,010	$58,387,014	$-5,297,766
2022	$123,539,159	$125,059,016	$58,394,548	$-1,519,857
2021	$127,825,851	$116,093,403	$56,238,020	$11,732,448
2020	$112,625,488	$104,185,502	$49,432,649	$8,439,986
2019	$92,719,785	$85,061,299	$33,680,965	$7,658,486
2018	$78,966,106	$75,629,847	$26,013,036	$3,336,259

New England Life Care Inc