New England Telehealth Consortium
- Assets
- $2.2m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 20-8865685
Organization Overview
New England Telehealth Consortium is located in Bangor, ME. The organization was established in 2009. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), 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. New England Telehealth Consortium is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, New England Telehealth Consortium generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $7.2m during the year ending 12/2023. While expenses have increased by 21.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORKING TOWARD BETTER HEALTH CARE IN NEW ENGLAND THROUGH IMPROVED TELECOMMUNICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NETWORKING HEALTHCARE FACILITIES FOR IMPROVED COMMUNICATIONS IN THE NEW ENGLAND REGION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Thibeau President | OfficerTrustee | 20 | $58,212 |
Spafford Hutchinson Vice Preside | OfficerTrustee | 5 | $8,117 |
Tim Smith Treasurer | OfficerTrustee | 2.5 | $15,393 |
Drew Brown Director | Trustee | 0.25 | $0 |
Jeremy Look Director | Trustee | 0.25 | $0 |
Tammy Mclean Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fair Point Telecom Provide | 12/30/14 | $779,969 |
Professional Information Networks Management Serv | 12/30/14 | $593,142 |
Windstream Telecom Provide | 12/30/14 | $133,752 |
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 | $7,432,058 |
| Investment income | $9,538 |
| 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 | $71,467 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,513,063 |
| 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. | $82,982 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,190,540 |
| Fees for services: Legal | $48,399 |
| Fees for services: Accounting | $66,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,970 |
| Advertising and promotion | $3,750 |
| Office expenses | $6,777 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,421 |
| Travel | $22,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,625 |
| Interest | $640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,576 |
| Insurance | $5,634 |
| All other expenses | $0 |
| Total functional expenses | $7,201,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,899 |
| Savings and temporary cash investments | $744,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $840,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $236,477 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $130,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,188,915 |
| Accounts payable and accrued expenses | $884,164 |
| 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 | $0 |
| Total liabilities | $884,164 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,304,751 |
| Total liabilities and net assets/fund balances | $2,188,915 |
Grants Awarded
Over the last fiscal year, New England Telehealth Consortium has awarded $1,376,394 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMMONOOSUC COMMUNITY HEALTH SERVICE PURPOSE: TELECOMMUNICATIONS | $16,011 |
COMMUNITY HEALTH ACCESS NETWORKS PURPOSE: TELECOMMUNICATIONS | $22,372 |
HOWARD CENTER PURPOSE: TELECOMMUNICATIONS | $88,986 |
HUGGINS HOSPITAL PURPOSE: TELECOMMUNICATIONS | $52,213 |
LRG HEALTHCARE PURPOSE: TELECOMMUNICATIONS | $221,188 |
LAMPREY HEALTH CARE PURPOSE: TELECOMMUNICATIONS | $40,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Telehealth Consortium Bangor, ME | $2,188,915 | $7,513,063 |
New Hampshire Health Information Organization Corporation Concord, NH | $99,559 | $1,471,668 |
Gst Health Benefit Trust Weare, NH | $5,000 | $859,999 |
Reproductive Freedom Fund Of New Hampshire Dover, NH | $181,916 | $397,166 |
New Hampshire Life And Health Insurance Guaranty Association Bedford, NH | $1,234,280 | $4,547 |
Restore Hope Lyme, NH | $29,350 | $242,453 |
Maine Life And Health Insurance Guaranty Association South China, ME | $910,219 | $6,445 |
Robbie Foundation Scarborough, ME | $131,378 | $0 |
North Country Aco Littleton, NH | $3,080 | $0 |