New England Quality Care Alliance Inc
- Assets
- $72.3m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 119
- Location
- Braintree, MA
- Founding
- 05/2008
- Data as of
- 09/2023
- EIN
- 04-3040427
Organization Overview
New England Quality Care Alliance Inc is located in Braintree, MA. The organization was established in 2008. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 09/2023, New England Quality Care Alliance Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Quality Care Alliance Inc 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 09/2023, New England Quality Care Alliance Inc generated $10.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (30.7%) each year. All expenses for the organization totaled $12.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEQCA IS A PARTNERSHIP OF COMMUNITY AND ACADEMIC PHYSICIANS DEDICATED TO PROVIDING COMPREHENSIVE, INNOVATIVE, HIGH QUALITY, AND AFFORDABLE HEALTH CARE THAT BRINGS VALUE TO THEIR PATIENTS AND THE COMMUNITY, AND EXPANDS THE TEACHING AND RESEARCH MISSION OF TUFTS MEDICAL CENTER.
Describe the Organization's Program Activity:
NEW ENGLAND QUALITY CARE ALLIANCE, INC. IS A NONPROFIT CARE ORGANIZATION FORMED TO IMPROVE THE HEALTH OF PATIENTS, AND TO ENHANCE THE PATIENT'S EXPERIENCE OF CARE AND THE REDUCTION OF THE PER CAPITA COST OF CARE, THROUGH INTEGRATED CARE COORDINATION, SHARED SAVINGS, AND QUALITY INCENTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Wagner MD Trustee (until Nov. 2022) | Trustee | 1 | $0 |
Alain Chaoui MD Trustee | Trustee | 1 | $0 |
Michele Crage MD Chair/trustee | OfficerTrustee | 1 | $0 |
David Criss MD Trustee | Trustee | 1 | $0 |
Daniel Driscoll MD Trustee | Trustee | 1 | $0 |
William Galvin III MD Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arcadia Solutions Llc Technology Services | 9/29/23 | $866,516 |
Wood Road Llc Property Management | 9/29/23 | $400,647 |
Mass Health Quality Partners Consulting Services | 9/29/23 | $124,441 |
Salesforcecom Inc Data Management Services | 9/29/23 | $113,723 |
Veralon Consulting Services | 9/29/23 | $116,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,596,034 |
| Investment income | $219,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,282,870 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,532,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $441,738 |
| Compensation of current officers, directors, key employees. | $44,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,776,238 |
| Pension plan accruals and contributions | $139,633 |
| Other employee benefits | $1,670,242 |
| Payroll taxes | $680,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,729 |
| Fees for services: Accounting | $13,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $316,783 |
| Advertising and promotion | $0 |
| Office expenses | $129,117 |
| Information technology | $874,013 |
| Royalties | $0 |
| Occupancy | $160,097 |
| Travel | $14,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $263,191 |
| Insurance | $93,166 |
| All other expenses | $17,334 |
| Total functional expenses | $11,996,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,759,248 |
| Savings and temporary cash investments | $7,398,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,523,984 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,055,732 |
| Investments—publicly traded securities | $33,583,800 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,002,077 |
| Total assets | $72,322,887 |
| Accounts payable and accrued expenses | $31,065,137 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,973,207 |
| Total liabilities | $39,038,344 |
| Net assets without donor restrictions | $33,284,543 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $72,322,887 |