Healthinfonet
- Assets
- $6.0m
- Revenue
- $6.5m
- Investments
- $300.0k
- Employees
- 25
- Location
- New Gloucester, ME
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 20-5150062
Organization Overview
Healthinfonet is located in New Gloucester, ME. The organization was established in 2009. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Healthinfonet employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthinfonet 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, Healthinfonet generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
HEALTHINFONET IS AN INDEPENDENT, NONPROFIT ORGANIZATION USING INFORMATION TECHNOLOGY TO IMPROVE PATIENT CARE QUALITY AND SAFETY. THE ORGANIZATION WAS ESTABLISHED TO CREATE, IMPLEMENT AND MAINTAIN A STATEWIDE ELECTRONIC HEALTH INFORMATION EXCHANGE (HIE), FOR DOCTORS, HOSPITALS AND OTHER PROVIDERS TO SHARE IMPORTANT HEALTH INFORMATION AND IMPROVE PATIENT CARE. THE HIE SYSTEM LINKS MEDICAL INFORMATION FROM SEPARATE HEALTH CARE SITES TO CREATE A SINGLE ELECTRONIC PATIENT HEALTH RECORD, THEN ALLOWS AUTHORIZED PROVIDERS TO SEE THAT RECORD TO SUPPORT PATIENT CARE. IN AN EMERGENCY, THIS HELPS PROVIDERS QUICKLY AND MORE ACCURATELY DIAGNOSE AND TREAT PATIENTS. HEALTHINFONET ALSO PROVIDES A NUMBER OF VALUE ADDED SERVICES INCLUDING ASSISTING PROVIDERS WITH MEANINGFUL USE ATTESTATION, PUBLIC HEALTH REPORTING, EVENT OF CARE NOTIFICATIONS, AND POPULATION ANALYTICS AND REPORTING SERVICES. HEALTHINFONET ALSO PROVIDES TOOLS TO SUPPORT THE NEEDS OF ACCOUNTABLE CARE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaun T Alfreds MBA Executive Director & CEO | 50 | $366,591 | |
Dimitri Michaud MBA COO | 50 | $263,393 | |
Philip Profenno Cio | 50 | $216,571 | |
Allison Mcbrierty CPA CFO | 50 | $211,476 | |
Jennifer Beedy General Council | 40 | $189,590 | |
Katie Sendze Gray MBA Director Of Client S | 40 | $133,059 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Systems Engineering Inc | 12/30/21 | $537,324 |
Orion Health | 12/30/21 | $461,550 |
Crisp | 12/30/21 | $120,860 |
Tyler Technologies Inc | 12/30/21 | $54,540 |
Audacious Inquiry Llc | 12/30/21 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,635 |
| Dividends & Interest | $0 |
| Net Rental Income | $26,820 |
| Net Gain on Sale of Assets | $10,000 |
| Capital Gain Net Income | $10,000 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,429,801 |
| Total Revenue | $6,471,256 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $939,056 |
| Other employee salaries and wages | $1,714,097 |
| Pension plans, employee benefits | $460,369 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $364,487 |
| Occupancy | $54,423 |
| Travel, conferences, and meetings | $17,739 |
| Printing and publications | $994 |
| Other expenses | $1,996,145 |
| Total operating and administrative expenses | $5,737,966 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,737,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,478 |
| Savings and temporary cash investments | $3,068,525 |
| Net Accounts receivable | $821,998 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $295,536 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $735,058 |
| Other assets | $390,804 |
| Total assets | $5,992,399 |
| Accounts payable and accrued expenses | $671,009 |
| Grants payable | $0 |
| Deferred revenue | $180,543 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $851,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthinfonet New Gloucester, ME | $5,992,399 | $6,471,256 |
Manchester Public Television Service Inc Manchester, NH | $7,676 | $476,377 |
Telephone Association Bangor, ME | $178,980 | $0 |
Clearview Community Television Services Sanbornville, NH | $9,105 | $0 |
Old Town-Orono Fiber Corporation Orono, ME | $3,341 | $0 |