Healthcare Purchaser Alliance Of Maine
- Assets
- $4.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Falmouth, ME
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 04-3845053
Organization Overview
Healthcare Purchaser Alliance Of Maine is located in Falmouth, ME. The organization was established in 2007. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Health Care and related organizations. As of 12/2021, Healthcare Purchaser Alliance Of Maine employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Purchaser Alliance Of Maine 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 12/2021, Healthcare Purchaser Alliance Of Maine generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO LOWERING HEALTHCARE COSTS AND IMPROVING QUALITY THROUGH COLLECTIVE ACTION AND INNOVATIVE STRATEGIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEALTHCARE PURCHASER ALLIANCE OF MAINE USES DATA TO BETTER INFORM EMPLOYERS AND PROVIDERS ABOUT VARIATIONS IN THE QUALITY AND COST OF CARE PROVIDED ACROSS MAINE AND SUPPORTS THESE STAKEHOLDERS IN USING THE DATA TO IMPROVE THE VALUE OF CARE. THE ALLIANCE HAS DEVELOPED, AND CONTINUES TO DEVELOP, PROGRAMS FOR EMPLOYERS TO USE THAT WILL NOT ONLY REDUCE THEIR HEALTHCARE COSTS BUT ENCOURAGE EMPLOYEES TO UTILIZE HIGH VALUE PROVIDERS. CURRENT PROGRAM OFFERINGS INCLUDE GROUP PURCHASING OF RX, A MEDICAL SHOPPING TOOL TO INCENTIVIZE EMPLOYEES TO CHOOSE HIGH VALUE PROVIDERS, STAR CAPTIVE, CENTERS OF EXCELLENCE, ALONG WITH SEVERAL OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hayes President & CEO | Officer | 38.36 | $157,664 |
Sara Fitzgerald Director Of Data Analytics | Officer | 38.69 | $131,437 |
Tim Hannan Data Scientist | Officer | 38.38 | $127,467 |
Lisa Nolan Director Of Value Based Purchasing | Officer | 40.88 | $119,004 |
Trevor Putnoky Director Of Membership & Communications | Officer | 37.77 | $103,249 |
Christopher Lockman Chair | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Data & Management Solutions Inc Consultants | 12/30/15 | $891,832 |
Shannon Banks Consultant Services | 12/30/15 | $109,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $687,336 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $690,535 |
| Total Program Service Revenue | $622,145 |
| Investment income | $60,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,376,077 |
| 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. | $735,452 |
| Compensation of current officers, directors, key employees. | $261,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,546 |
| Pension plan accruals and contributions | $8,817 |
| Other employee benefits | $44,581 |
| Payroll taxes | $63,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,823 |
| Fees for services: Accounting | $7,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,294 |
| Advertising and promotion | $6,703 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,723 |
| Travel | $1,886 |
| 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 | $8,612 |
| Insurance | $15,362 |
| All other expenses | $12,407 |
| Total functional expenses | $1,451,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,684 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,090,159 |
| 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 | $11,703 |
| Net Land, buildings, and equipment | $9,178 |
| Investments—publicly traded securities | $2,713,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,340 |
| Total assets | $4,077,534 |
| Accounts payable and accrued expenses | $117,091 |
| Grants payable | $0 |
| Deferred revenue | $1,223,794 |
| 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 | $0 |
| Total liabilities | $1,340,885 |
| Net assets without donor restrictions | $2,736,649 |
| 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 | $4,077,534 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Healthcare Purchaser Alliance Of Maine has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Harvard Pilgrim Health Care Foundation Inc Canton, MA PURPOSE: COALITION TO LOWER HEALTH COSTS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Health Policy Development Portland, ME | $14,753,984 | $10,999,090 |
North Country Healthcare Inc Whitefield, NH | $3,297,109 | $7,107,750 |
New Hampshire Hospital Association Concord, NH | $4,512,482 | $2,616,289 |
Healthcare Purchaser Alliance Of Maine Falmouth, ME | $4,077,534 | $1,376,077 |
Safe Abortions For Everyone Portland, ME | $650,302 | $213,338 |
New Hampshire Patient Voices Concord, NH | $10,553 | $0 |
Alliance Ambulatory Services Manchester, NH | $6,942,608 | $4,156,495 |