Health New England Inc

“Two or more of the persons listed in this form 990, part vii have a business relationship with each other by virtue of sitting on one or more boards of directors/trustees or by serving in an employment relationships with one or more entities within the network of affiliated organizations.”

“As a massachusetts nonprofit organization, health new england, inc. Has no stockholders and one legal member - baystate health, inc. Health new england, inc. Refers to its enrollees as "members", but health new england, inc.'s organizational documents and by laws give enrollees no organizational membership status from a legal perspective.”

“Baystate health, inc. Is the sole member of health new england, inc. Consequently, baystate health has final authority on all appointments and elections to the health new england, inc. Board.”

“The health new england, inc. ("hne") governance committee (the "committee") is made up of members of the hne board of directors and the hne general counsel, who serves in an advisory, non-voting capacity. The committee is responsible for overseeing and making recommendations on matters affecting the governance of hne and its affiliates, consistent with the hne bylaws. The principal activities of the committee are to develop and recommend to the board procedures and policies designed to provide for effective and efficient governance, including but not limited to: evaluation of the board and the board chair; recruitment and recommendation of candidates for board membership; board orientation and education; succession planning for the board chair and other board leaders and periodic review and amendment of committee charters and corporate by laws as needed.”

“Prior to the filing of this return appropriate parts of this form 990 were reviewed by representatives from the finance and legal departments of health new england, inc., some of whom are officers of the filing organization. The entire return was reviewed by a tax expert from an outside accounting firm. The entire return was sent out to the board of directors and officers of health new england, inc. For comment and review.”

“Health new england, inc. Has a comprehensive conflict of interest policy. All directors, officers, key employees, and highest compensated employees of health new england and its affiliates are asked to complete an annual "conflict of interest" disclosure survey. We use an electronic database to receive and manage all annual conflict of interest submissions. This information is reviewed by the health new england director of compliance and shared with the hne compliance committee. Potential conflict of interest are reviewed as appropriate under the policy, which provides for recusal from discussion and deliberation by any party with a potential conflict of interest and well as other pertinent management actions. Health new england employees also sign an annual statement which affirms that such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the conflict of interest policy; and (c) has agreed to comply with the conflict of interest policy.”

“The compensation of the president and ceo and of other officers and key employees is established based on information provided by independent third party consultants (korn ferry/hay group) for reasonableness and appropriate comparability data. The compensation is then established, reviewed and approved by the independent compensation committee of health new england, inc. And all such deliberations and decisions are documented contemporaneously.”

“Available upon request and at management's discretion”

“The mission of health new england, inc., is to improve the health and lives of the people in the communities we serve. As part of baystate health, inc. (an integrated health care system), health new england contributes to the economic success of our region and is committed to meeting the identified health and wellness needs of our communities served through the combined efforts of baystate health, community organization partners, and affiliated providers.”

“The mission of health new england, inc., is to improve the health and lives of the people in the communities we serve. As part of baystate health, inc. (an integrated health care system), health new england contributes to the economic success of our region and is committed to meeting the identified health and wellness needs of our communities served through the combined efforts of baystate health, community organization partners, and affiliated providers.”

“In 2024, health new england funded programs that served the needs of specific vulnerable and low-income communities within our service area and align with the health priorities and social and economic determinants of health as identified by the 2022 community health needs assessment (chna). In 2024, health new england continued to support existing multiyear commitments to organizations through the where health matters grant program, with $70,000 additional grant funds. Berkshires nursing families (bnf) received $10,000 in funding to continue expanding doula access and provide mentorship for newly licensed doulas in berkshire county. (year 2 out of 2) third sector new england, inc. Received $50,000 in funding to support gardening the community's (gtc) "use hip, get healthy". Gtc formalized outreach strategies and strengthened organizational partnerships and developing a citywide systems approach to healthy incentive program (hip) outreach. Activities include but are not limited to: 1) hired a hip outreach manager and six resident peer hip educators (3 bilingual); 2) educating parent liaisons at springfield and holyoke elementary schools; 3) identifying agencies to receive hip trainings; and 4) hosting biweekly pop-up produce markets at brightwood and caring health centers, square one, and summer meal distribution sites. (year 2 out of 2) volunteers in medicine berkshires (vim) received $10,000 in funding to continue advancing their work in implementing an integrated health care model of medical, behavioral, social and legal services to address the social determinants of health for their patients. (year 2 out of 2) in 2024, the dr. Mark keroack health equity grant program aimed to advance health equity to improve health or health care related needs in the pioneer valley (franklin, hampden, and hampshire counties). Health new england awarded a total of $250,000 in grant funding, to five local nonprofit organizations to advance health equity. The care center received $50,000 in funding to provide the "healthy homes, healthy families" program. By leveraging the care center's counseling, education and wraparound supports, holyoke housing authority's vouchers, and valley opportunity council's housing supply, healthy homes will provide ten families headed by women with low income with safe stable housing, behavioral health services, healthcare, and a tuition free education. (year 1 out of 1) wellspring received $50,000 in funding to support the "nutrition for health" program. Go fresh market will provide fresh produce to the three baystate health centers to expand patient access, to increase health information and healthcare support to all go fresh delivery sites, and to increase knowledge and use of the hip program. (year 1 out of 1) community legal aid, inc. Received $50,000 in funding to support the "pioneer valley farmworker medical-legal partnership (fmlp)" the fmlp embeds an attorney into the farmworker healthcare team at brightwood, also known as "la cliniquita". The fmlp staff attorney will work on-site at brighwood on a regular basis and serve as a resource for providers and patients. Planned parenthood league of massachusetts (pplm) received $50,000 in funding to increasing language accessibilty by translating materials and website information in priority languages. Stone soup cafe received $50,000 in funding to support the "weekly pay what you can community meal and free store" program. To enhance its weekly community meal and free store programs. Every saturday, the community meal provides 550-600 balanced, nutritious, scratch-cooked meals made from fresh ingredients to over 180 households on a pay-what-you-can basis, totaling 31,812 meals in 2023. The free store, open every saturday, extends this impact by providing 80-110+ households with groceries, produce, and personal care items to use throughout the week. In 2024, health new england awarded $80,000 in community mini grants to 38 local non-profit organizations (averag”

“Change in non admitted assets -3,723,824.”

“The audited financial statements are based on insurance statutory accounting principles (sap) promulgated by the accounting practices and procedures task force under the auspices of the national association of insurance commissioners (naic). This form of accounting is typically looked upon as more conservative than accrual accounting without quite being cash basis. The accompanying statutory basis financial statements have been prepared in accordance with naic statements of statutory accounting principles (ssap) and in accordance with statutory accounting practices (sap) prescribed by the state of massachusetts, which is a comprehensive basis of accounting other than u.s. Generally accepted accounting principles (gaap). Such practices vary from gaap principally as follows: investments - for statutory, investments in bonds are reported at amortized cost or fair value based on their naic rating. For gaap purposes, such fixed maturity investments would be designated at purchase as held-to-maturity trading or available for sale. Held-to-maturity fixed investments would be reported at amortized cost and the remaining fixed maturity investments would be reported at fair value. For statutory purposes, unrealized gains and losses on investments are excluded from net income and reported as an increase or decrease in capital and surplus. Decreases in fair value that are determined by management to be other than temporary are reported as realized losses. The organization has elected the fair value option for certain of its investments. All single class and multi class mortgage backed/asset backed securities (e.g. Cmos) are adjusted for the effects of changes in prepayment assumptions on the related accretion of discount or amortization of premium of such securities using prospective method. If it is determined that a decline in fair value is other than temporary, the cost basis of the security is written down to the present value of estimated future cash flows using the original effective interest rate inherent in the security. Non admitted assets - certain assets are designated as non- admitted. These assets (which are principally electronic data processing equipment, prepaid items, certain health receivables, receivables over 90 days past due and non-audited equity value of subsidiaries) are excluded from the accompanying statements of admitted assets, liabilities and capital and surplus. These items are charged directly to unassigned surplus. Under gaap, such assets are included in the balance sheet, to the extent they are not impaired.”