NEW ENGLAND HEALTHCARE EXCHANGE NETWORK INC

EIN: 270479458 501(c)(3)

WALTHAM, MA

Total Revenue
$5,189,376
Total Expenses
$4,852,672
Total Assets
$1,125,446
Net Assets
$765,882
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
DE
Principal Officer
DAVID DELANO
Phone
7819077200
Tax Period
2020-04-01 to 2021-03-31

NEW ENGLAND HEALTHCARE EXCHANGE NETWORK INC, founded in 2009, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2020. Expenses of $4.9M left a modest 6% surplus.

Mission

THE NEW ENGLAND HEALTHCARE EXCHANGE NETWORK, INC. (NEHEN) PROMOTES THE INTEROPERABILITY OF HEALTH INFORMATION TECHNOLOGY, ELECTRONIC HEALTH RECORDS, AND CLINICAL AND ADMINISTRATIVE HEALTH INFORMATION EXCHANGE ACROSS ORGANIZATIONAL BOUNDARIES IN THE NEW ENGLAND HEALTH CARE COMMUNITY.NEHEN'S EFFORTS ARE DIRECTED AT IMPROVING PATIENT SAFETY, SATISFACTION AND THE OVERALL PATIENT EXPERIENCE; SIMPLIFYING THE COMPLEXITY OF HEALTH CARE OPERATIONS; REMOVING BARRIERS TO AUTOMATION THROUGH GREATER USE OF INFORMATION TECHNOLOGY; AND REDUCING OVERALL COSTS FOR ALL PARTICIPANTS. NEHEN SHARES BEST PRACTICES WITH ALL INTERESTED PARTIES AND PROVIDES INNOVATIVE PROCESS AND TECHNICAL SOLUTIONS TO MAKE INFORMATION AVAILABLE WHEREVER IT IS NEEDED TO TREAT PATIENTS SAFELY AND TO HELP THE COMMUNITY OPERATE AT A WORLD-CLASS LEVEL OF EFFICIENCY AND VALUE.

Program Service Accomplishments

Program 1
Expenses: $4,739,717

TO PROVIDE HEALTH INFORMATION EXCHANGE SERVICES TO SERVE THE COMMUNITY NEEDS FOR HEALTHCARE TRANSACTIONS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $5,189,376
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,189,376

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,739,717
Other Expenses $4,852,672
TOTAL EXPENSES $4,852,672

Year-over-Year Comparison

2020 2019 Change
Revenue $5,189,376 $5,053,000 +0.0%
Expenses $4,852,672 $4,793,580 +0.0%
Net Income $336,704 $259,420 +0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID QUERUSIO PRESIDENT & CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOHN STONE DIRECTOR 1.00
Director
$0 $0 $0
DAN O'NEIL DIRECTOR 1.00
Director
$0 $0 $0
SONJA BREHM DIRECTOR 1.00
Director
$0 $0 $0
DAVID WHITHAM DIRECTOR 1.00
Director
$0 $0 $0
PETER COAKLEY DIRECTOR 1.00
Director
$0 $0 $0
ELAINE GODDARD DIRECTOR 1.00
Director
$0 $0 $0
ALINE YURIK DIRECTOR 1.00
Director
$0 $0 $0
PAUL PECORARO DIRECTOR 1.00
Director
$0 $0 $0
MANU TANDON DIRECTOR 1.00
Director
$0 $0 $0
DENNY BRENNAN DIRECTOR 1.00
Director
$0 $0 $0
DAVE SZABO SECRETARY 1.00
Officer
$0 $0 $0
TOM WALL TREASURER 1.00
Officer
$0 $0 $0
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
2021 $5,189,376 $4,852,672 $1,125,446 $336,704
2021 No data No data No data No data
2020 $5,053,000 $4,793,580 $804,672 $259,420
2019 $4,874,456 $4,888,055 $649,614 $-13,599
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