New England Life Care Inc
- Assets
- $56.2m
- Revenue
- $127.8m
- Investments
- $0.0
- Employees
- 573
- Location
- South Portland, ME
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 22-3195337
Organization Overview
New England Life Care Inc is located in South Portland, ME. The organization was established in 1994. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, New England Life Care Inc employed 573 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Life Care 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 12/2021, New England Life Care Inc generated $127.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $116.1m during the year ending 12/2021. While expenses have increased by 16.6% 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
DELIVERY OF HOME HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW ENGLAND LIFE CARE (NELC) PROVIDED HOME HEALTH SERVICES AND PRODUCTS TO AMBULATORY AND HOMEBOUND PATIENTS IN MAINE, MASSACHUSETTS, VERMONT, AND NEW HAMPSHIRE. NELC HAD AN AVERAGE OF OVER 4,345 PATIENTS ON CENSUS PER DAY IN 2021. SERVICES INCLUDED NUTRITIONAL SUPPORT AND SPECIALTY DRUG ADMINISTRATION. NELC RECEIVED THE CERTIFICATE FROM THE JOINT COMMISSION, DATED FEBRUARY 8, 2020, PROVIDING ACCREDITATION FOR THE NEXT THREE YEARS.
ADVANCED COMPOUNDING SOLUTIONS (ACS) IS A MEMBER OWNED COOPERATIVE DIVISION OF NELC WHOSE PRIMARY FOCUS IS PATIENT SAFETY WHILE ADDING VALUE TO ITS OWNERS. WE PROVIDE A WIDE VARIETY OF COMMONLY USED COMPOUNDED MEDICATIONS, IN BULK PACKAGING AND OFFER BEST IN CLASS QUALITY, SAFETY, AND SERVICE STANDARDS. OUR OWNERSHIP STRUCTURE ALLOWS US TO OFFER OUR MEMBERS MANY OTHER VALUE ADDED BENEFITS. ACCESS TO INFORMATION, INPUT TO DRUG AVAILABILITY MANAGEMENT AND QUALITY CONTROL WITH A DEDICATED QUALITY CONTROL TEAM TO BETTER MANAGE RISK ARE SOME OF THE CORE VALUES. ADVANCED COMPOUNDING SOLUTIONS, WANTS TO BECOME THE INDISPENSABLE CARE PARTNER AND DO OUR PART TO IMPROVE THE HEALTH OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Souza President & CEO | Officer | 40 | $605,512 |
Robert Calway Chief Operating Officer | 40 | $336,254 | |
Michael Gallagher Chief Financial Officer | Officer | 40 | $301,198 |
Brian Treptow Chief Information Officer | 40 | $215,588 | |
Jeni Shields Exec. Reg. Dir. Acct. Mgmt. | 40 | $203,962 | |
Janice Donovan Reg. Dir. Of Nursing | 40 | $186,132 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
East Coast Critical Llc Courier Services | 12/30/21 | $1,755,198 |
Revitalized Llc Staffing | 12/30/21 | $578,245 |
Dyna Labs Llc Lab Services | 12/30/21 | $741,133 |
Alliance Builders Inc Building Construction | 12/30/21 | $956,829 |
Medix2 Staffing | 12/30/21 | $676,694 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,522,423 |
| 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 | $5,522,423 |
| Total Program Service Revenue | $122,200,956 |
| Investment income | $49,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,825,851 |
| 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. | $934,665 |
| Compensation of current officers, directors, key employees. | $934,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,784,888 |
| Pension plan accruals and contributions | $796,677 |
| Other employee benefits | $4,160,777 |
| Payroll taxes | $2,579,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $122,198 |
| Fees for services: Accounting | $84,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,459,333 |
| Advertising and promotion | $54,279 |
| Office expenses | $9,828,375 |
| Information technology | $1,754,583 |
| Royalties | $0 |
| Occupancy | $2,157,402 |
| Travel | $639,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,749 |
| Interest | $129,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,448,424 |
| Insurance | $505,085 |
| All other expenses | $0 |
| Total functional expenses | $116,093,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,647,477 |
| Savings and temporary cash investments | $11,799,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,841,161 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,775,928 |
| Prepaid expenses and deferred charges | $1,097,148 |
| Net Land, buildings, and equipment | $8,284,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $792,000 |
| Total assets | $56,238,020 |
| Accounts payable and accrued expenses | $10,615,765 |
| 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 | $2,968,845 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $351,903 |
| Total liabilities | $13,936,513 |
| Net assets without donor restrictions | $42,301,507 |
| 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 | $56,238,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Life Care Inc South Portland, ME | $56,238,020 | $127,825,851 |
Vna Home & Hospice South Portland, ME | $24,331,547 | $49,774,592 |
Androscoggin Home Health Services Inc Lewiston, ME | $55,511,179 | $52,066,043 |
Granite Vna Inc Concord, NH | $51,710,798 | $41,824,646 |
Mainehealth Care At Home Saco, ME | $18,123,878 | $35,705,705 |
Rockingham Visiting Nurse Association And Hospice Exeter, NH | $4,116,836 | $17,268,809 |
Vna Home Health & Hospice Services Inc Manchester, NH | $14,859,113 | $16,405,289 |
Lake Sunapee Home Care And Hospice New London, NH | $13,215,361 | $13,155,134 |
Lakes Region Visiting Nurse Association Meredith, NH | $3,461,409 | $6,280,571 |
Alternative Health Services Of St Joseph Inc Bangor, ME | $692,977 | $4,269,536 |
Pemi-Baker Hospice & Home Health Plymouth, NH | $4,460,825 | $5,248,527 |
Visiting Nurse Association Of Franklin Franklin, NH | $4,125,598 | $2,890,385 |