New England Telehealth Consortium
- Assets
- $1.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 08/2009
- Data as of
- 12/2021
- 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 12/2021, New England Telehealth Consortium generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 11.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 | $52,800 |
Tim Smith Treasurer | OfficerTrustee | 2.5 | $13,200 |
Spafford Hutchinson Vice Preside | OfficerTrustee | 5 | $6,600 |
Jeremy Look Director | Trustee | 0.25 | $0 |
Drew Brown Director | Trustee | 0.25 | $0 |
Tammy Mclean Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Professional Information Networks Management Serv | 12/30/14 | $593,142 |
Windstream Telecom Provide | 12/30/14 | $133,752 |
Fair Point Telecom Provide | 12/30/14 | $779,969 |
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 | $3,025,766 |
| Investment income | $143 |
| 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 | $29,036 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,057,335 |
| 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. | $72,600 |
| 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 | $2,093,442 |
| Fees for services: Legal | $54,170 |
| Fees for services: Accounting | $60,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $984 |
| Office expenses | $12,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156 |
| Interest | $20,197 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,703 |
| Insurance | $5,402 |
| All other expenses | $283 |
| Total functional expenses | $2,642,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,244 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $811,326 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $93,096 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $270,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,337,342 |
| Accounts payable and accrued expenses | $561,186 |
| 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 | $375,350 |
| Other liabilities | $0 |
| Total liabilities | $936,536 |
| 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 | $400,806 |
| Total liabilities and net assets/fund balances | $1,337,342 |
Grants Awarded
Over the last fiscal year, New England Telehealth Consortium has awarded $1,376,394 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, ME PURPOSE: TELECOMMUNICATIONS | $256,029 |
Manchester, NH PURPOSE: TELECOMMUNICATIONS | $221,188 |
Brewer, ME PURPOSE: TELECOMMUNICATIONS | $112,622 |
Bridgeport, CT PURPOSE: TELECOMMUNICATIONS | $100,973 |
Burlington, VT PURPOSE: TELECOMMUNICATIONS | $88,986 |
Augusta, ME PURPOSE: TELECOMMUNICATIONS | $82,271 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Telehealth Consortium Bangor, ME | $1,337,342 | $3,057,335 |
New Hampshire Health Information Organization Corporation Concord, NH | $99,559 | $1,471,668 |
Gst Health Benefit Trust Weare, NH | $5,000 | $1,018,394 |
New Hampshire Life And Health Insurance Guaranty Association Bedford, NH | $1,509,742 | $566,509 |
Restore Hope Lyme, NH | $60,142 | $246,026 |
Maine Life And Health Insurance Guaranty Association South China, ME | $1,139,220 | $806,595 |
Robbie Foundation Scarborough, ME | $131,378 | $0 |
North Country Aco Littleton, NH | $3,080 | $0 |