Nordx
- Assets
- $62.2m
- Revenue
- $87.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Scarborough, ME
- Founding
- 07/1997
- Data as of
- 09/2020
- EIN
- 01-0511356
Organization Overview
Nordx is located in Scarborough, ME. The organization was established in 1997. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nordx is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Nordx generated $87.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $75.6m during the year ending 09/2020. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO MAXIMIZE THE EFFICIENCIES AND QUALITY OF CLINICAL DIAGNOSTIC, BLOOD BANKING AND ANATOMIC PATHOLOGY LABORATORY SERVICES THROUGHOUT THE MAINEHEALTH SERVICES NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORDX IS COMMITTED TO SUPPORTING THEIR PARTNERS IN HEALTHCARE BY PROVIDING SUPERIOR QUALITY AND COST-EFFECTIVE LABORATORY SERVICES WHICH EMPHASIZE CUSTOMER SATISFACTION, VALUE, INNOVATION, TECHNOLOGY, AND EXCEPTIONAL SERVICE. NORDX PROVIDES COMPREHENSIVE, DEPENDABLE LABORATORY SERVICES TO HOSPITALS, NETWORKS, PHYSICIAN OFFICES, POST-ACUTE AND LONG-TERM CARE PROVIDERS, MANAGED CARE ORGANIZATIONS, AND EMPLOYER GROUPS THROUGHOUT THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Carlson Director - Lab | 50 | $331,734 | |
James Mcavoy CFO | Officer | 50 | $215,004 |
Patricia Andrews Director - Lab | 50 | $163,174 | |
Ronald Rubocki Hla Director | 50 | $145,209 | |
Elisha Elliott Director - Lab | 50 | $133,304 | |
Annette Maynard-Kidder Director - Lab | 50 | $119,185 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lab Logistics Llc Courier | 9/29/21 | $1,916,514 |
Quest Diagnostics Diagnostic Services | 9/29/21 | $117,571 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,228 |
| Investment income | $725,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $176,141 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,579,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $446,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,466,441 |
| Pension plan accruals and contributions | $878,058 |
| Other employee benefits | $5,742,227 |
| Payroll taxes | $2,066,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,679 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,285,124 |
| Advertising and promotion | $2,540 |
| Office expenses | $2,911,379 |
| Information technology | $215,374 |
| Royalties | $0 |
| Occupancy | $1,826,397 |
| Travel | $325,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,449,307 |
| Insurance | $43,820 |
| All other expenses | $0 |
| Total functional expenses | $75,611,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,049 |
| Savings and temporary cash investments | $6,059,639 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,209,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,881,287 |
| Prepaid expenses and deferred charges | $252,304 |
| Investments—publicly traded securities | $37,128,238 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,612,389 |
| Total assets | $62,155,079 |
| Accounts payable and accrued expenses | $9,031,002 |
| Grants payable | $0 |
| Deferred revenue | $401,323 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,799,198 |
| Total liabilities | $13,231,523 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $48,923,556 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Martins Point Generations Advantage Inc Portland, ME | $191,522,847 | $568,602,384 |
Foundation Medical Partners Inc Nashua, NH | $51,959,863 | $127,393,246 |
Nordx Scarborough, ME | $62,155,079 | $87,579,107 |
Home Health & Hospice Care Merrimack, NH | $24,769,163 | $23,113,084 |
Vna At Hcs Inc Keene, NH | $9,766,426 | $18,124,886 |
Tri-County Mental Health Services Lewiston, ME | $7,983,072 | $15,678,818 |
Exeter Med Real Inc Exeter, NH | $48,444,143 | $7,175,126 |
Graniteone Health Manchester, NH | $1,202,880 | $8,160,739 |
Amistad Portland, ME | $577,709 | $2,429,831 |
New Hampshire Childrens Health Foundation Concord, NH | $26,766,436 | $331,723 |
Island Commons Resource Center Chebeague Island, ME | $1,773,833 | $1,346,250 |
Consumers For Affordable Health Care Foundation Augusta, ME | $490,802 | $679,805 |