Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $25,366 · excluded $25,366

Functional expenses

Part IX, the statement of functional expenses.

• 24a · Other expenses: MISCELLANEOUS EXPENSES

  total -$1,337 · management and general -$1,337

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,785,827

• 2 · Savings and temporary cash investments

  end of year $3,805,244

• 11 · Investments: publicly traded securities

  beginning of year $500,638 · end of year $500,032

• 15 · Other assets

  beginning of year $3,179 · end of year $3,204

• 17 · Accounts payable and accrued expenses

  beginning of year $6,364

• 25 · Other liabilities

  beginning of year $1,503 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $4,281,777 · end of year $4,308,480

The filer's explanations (Part III)

PART I, LINE 4B

MARK A. KEROACK, MD - SUPPLEMENTAL RETIREMENT OF $382,688 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $378,488 EARNED AND PAID IN 2022 AND $4,200 THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS FROM FORMS 990 AND THAT IS CURRENTLY REPORTED AS TAXABLE INCOME. RAYMOND MCCARTHY - SUPPLEMENTAL RETIREMENT OF $175,124 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2022. SUPPLEMENTAL RETIREMENT OF $4,575 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2022. MARION MCGOWAN - SUPPLEMENTAL RETIREMENT OF $35,509 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2022.

PART I, LINE 5

CERTAIN EMPLOYEES OF HEALTH NEW ENGLAND, INC ARE ELIGIBLE FOR BONUSES IN PART BASED ON NET REVENUES, EMPLOYEES RECEIVE A PERCENTAGE OF THE EXCESS REVENUES WHEN TARGET UNDERWRITING MARGINS ARE EXCEEDED.

PART I, LINE 7

CERTAIN EMPLOYEES OF HEALTH NEW ENGLAND, INC ARE ELIGIBLE FOR BONUSES IN PART BASED ON NUMBERS OF MEMBERS BY LINES OF BUSINESSES, AND QUALITY - MEDICARE 5 STAR, PBM, MEDICAID AND POPULATION HEALTH.

SCHEDULE J, PART I, LINE 3

HEALTH NEW ENGLAND, INC USES AN INDEPENDENT COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, AND APPROPRIATE COMPARABILITY DATA AND APPROVAL BY THE COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF ITS KEY OFFICERS, DIRECTORS, AND EMPLOYEES. HNE OF CONNECTICUT, INC DOES NOT HAVE ITS OWN COMPENSATION COMMITTEE. THE ORGANIZATION RELIES UPON THE OPIONION PROVIDED TO HEALTH NEW ENGLAND, INC.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• BAYSTATE HEALTH URGENT CARE LLC

  URGENT HEALTHCARE · MA

• AMSURG BMC LLC

  MEDICAL SERVICES · MA

• BAYSTATE NEW ENGLAND ORTHOPEDIC SURGEONS ALLIANCE LLC

  MEDICAL SERVICES · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• HNE ADVISORY SERVICES INC

  C · ADMINISTRATIVE SERVICES · MA

• HNE INSURANCE SERVICES INC

  C · ANCILLARY INSURANCE · MA

• INGRAHAM CORPORATION

  C · HEALTH CARE AND OTHER BUSINESS ACTIVITIES · MA

• HNE HOLDING CORPORATION

  C · HOLDING SHARES IN SUBSIDIARY CORPORATION · MA

• HNE INSURANCE COMPANY INC

  C · HEALTH INS SVCS FOR MASS MEDICARE SUPPLEMENT MEMBERS · MA

• BAYSTATE HEALTH INSURANCE COMPANY LTD

  C · OFFSHORE CAPTIVE INSURANCE · CJ