Civic Intelligence

Dentaquest Care Group Inc.

990 • Fiscal year 2015 • EIN 46-3674034

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

465 Medford StreetBoston, MA 02129

(617) 886-1000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.31x

Higher debt load relative to assets than 62% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2015

Top Officer Pay

100th percentile

$7,034,405

Higher top officer pay than 100% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

5th percentile

-19%

Faster asset growth than 5% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Assets

Down

$7,275,760

Down $1,718,040 (-19%) from 2014

Net Assets

Down

$5,018,469

Down $3,975,331 (-44%) from 2014

Liabilities

Up

$2,257,291

Up $2,257,291 from 2014

Revenue

Flat

$0

Flat from 2014

Expenses

Up

$2,939,066

Up $2,086,417 (+245%) from 2014

Net Income

Down

-$2,939,066

Down $2,086,417 (-245%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2013: $5,394,659Liabilities 2013: $0Net Assets 2013: $5,394,6592013Assets 2014: $8,993,800Liabilities 2014: $0Net Assets 2014: $8,993,8002014Assets 2015: $7,275,760Liabilities 2015: $2,257,291Net Assets 2015: $5,018,4692015Assets 2016: $5,944,966Liabilities 2016: $0Net Assets 2016: $5,944,9662016Assets 2017: $6,828,407Liabilities 2017: $1,638,945Net Assets 2017: $5,189,4622017Assets 2018: $9,451,930Liabilities 2018: $315,038Net Assets 2018: $9,136,8922018Assets 2019: $8,138,431Liabilities 2019: $10,000Net Assets 2019: $8,128,4312019Assets 2020: $7,317,826Liabilities 2020: $1,312,832Net Assets 2020: $6,004,9942020Assets 2021: $2,518,678Liabilities 2021: $15,868Net Assets 2021: $2,502,8102021Assets 2022: $1,867,382Liabilities 2022: $23,983Net Assets 2022: $1,843,3992022Assets 2023: $1,773,375Liabilities 2023: $23,983Net Assets 2023: $1,749,3922023Assets 2024: $1,764,808Liabilities 2024: $0Net Assets 2024: $1,764,8082024

Highlighted filing

2015

Assets$7,275,760
Liabilities$2,257,291
Net Assets$5,018,469

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MRevenue 2013: $95,298Expenses 2013: $0Net Income 2013: $95,2982013Revenue 2014: $0Expenses 2014: $852,649Net Income 2014: -$852,6492014Revenue 2015: $0Expenses 2015: $2,939,066Net Income 2015: -$2,939,0662015Revenue 2016: $0Expenses 2016: $5,212,734Net Income 2016: -$5,212,7342016Revenue 2017: $0Expenses 2017: $5,940,412Net Income 2017: -$5,940,4122017Revenue 2018: $0Expenses 2018: $6,376,393Net Income 2018: -$6,376,3932018Revenue 2019: $0Expenses 2019: $7,709,041Net Income 2019: -$7,709,0412019Revenue 2020: $0Expenses 2020: $6,859,251Net Income 2020: -$6,859,2512020Revenue 2021: $0Expenses 2021: $5,370,130Net Income 2021: -$5,370,1302021Revenue 2022: $0Expenses 2022: $1,004,630Net Income 2022: -$1,004,6302022Revenue 2023: $45,506Expenses 2023: $0Net Income 2023: $45,5062023Revenue 2024: $39,146Expenses 2024: $47,713Net Income 2024: -$8,5672024

Highlighted filing

2015

Revenue$0
Expenses$2,939,066
Net Income-$2,939,066
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$0
Mission and Program Overview

Mission

DentaQuest Care Group, Inc. develops, manages, and improves cost-effective quality dental healthcare and access to underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$8,396,791$7,110,526▼ $1,286,265
Accounts Receivable$576,482$0▼ $576,482
Savings and Temporary Cash Investments$20,527$165,234▲ $144,707
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$8,993,800$7,275,760▼ $1,718,040
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$2,257,291▲ $2,257,291
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$2,257,291▲ $2,257,291
Net Assets / Fund Balance
Unrestricted Net Assets$8,993,800$5,018,469▼ $3,975,331
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$8,993,800$5,018,469▼ $3,975,331
Total Liabilities and Net Assets / Fund Balance$8,993,800$7,275,760▼ $1,718,040
Compensation and Service Providers

Employees

NameTitleOtherTotal
Fay DonohueDirector$7,034,405$7,034,405
Pamela Da ReeveDirector (1/1/15-3/3/15)$75,000$75,000
Donald R LeclairDirector$48,084$48,084
Edward a Hjerpe IiiDirector$48,000$48,000
Roderick K KingDirector$43,322$43,322
Thomas J Galligan IiiDirector$26,584$26,584
Robert J WeyantDirector$20,084$20,084

Board Members and Trustees

NameTitle
Jeffrey a ParkerPresident (1/1/2015-10/15/15)
Todd CrusePresident (10/15/15-12/31/15)
Fay DonohueDirector (1/1/15-4/1/15)
Steven J PollockDirector (4/1/15-12/31/15)
David AbelmanClerk
Brett a BostrackClient/provider Engage. Dq
James Hawkins Fmr ClerkDeputy General Counsel, Dq
Dennis LeonardSVP - Dentaquest
Robert E LynnSVP - Dentaquest
Kenneth P ErdeltSVP - Operations Dq
Sheryl TraylorSVP - VP Human Resources - Dq
James E CollinsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,939,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,316,255
Salaries, Compensation, and Employee Benefits$622,811
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$1,913,218$212,580$0$2,125,798
Current Officers, Directors, Trustees, and Key Employees$560,530$62,281$0$622,811
Travel$155,711$0$0$155,711
Office Expenses$20,468$0$0$20,468
Fees for Services Management$14,278$0$0$14,278
Total Functional Expenses$2,664,205$274,861$0$2,939,066
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
DentaQuest Care Group Inc
EIN
46-3674034
In Care Of
% JAMES E COLLINS
Phone
6178861000
Address
465 MEDFORD STREET, BOSTON, MA 02129

Signing Officer

Name
James E Collins
Title
Treasurer
Phone
6178861414
Signed
2016-11-10

Organization Details

Principal Officer
Todd Cruse
Formed
2013
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
200 CLARENDON STREET, BOSTON, MA 02116
Preparer
Barbara E Hunt
Phone
6172662000
Supplemental Narrative

Additional Explanations

ORGANIZATION'S MISSION

Part iii, line 1 dentaquest care group, inc. Aims to develop, manage and improve systems for cost-effective and quality-focused dental health care. Dentaquest care group, inc. Operates to increase access of care and improve the overall health of all persons, regardless of income, status, geography or other advantage. Program service accomplishments part iii, line 4a dentaquest care group, inc. Is organized exclusively to support dental service of massachusetts, inc. Dentaquest care group, inc. Aims to develop, manage and improve systems for cost-effective and quality-focused dental health care. Dentaquest care group, inc. Operates to increase access to care and improve the overall health of all persons, regardless of income, status, geography or other advantage. Business relationships part vi, line 2 steven j. Pollock, james e. Collins, gregory p. Winn and david abelman have a business relationship since they jointly serve as officers/directors of the organization and at dental service of massachusetts, inc. And its taxable subsidiary, dentaquest, llc. Members or stockholders part vi, line 6 dental service of massachusetts, inc. Is the sole member of dentaquest care group, inc. Membership rights part vi, line 7a the member of the organization elects the directors and may remove directors of the organization. Governance part vi, line 7b dental service of massachusetts, inc., the member, may vote to amend the bylaws. Review process part vi, line 11b members of the external tax firm (currently ernst & young u.s., llp) initially discuss, prepare and review the form 990 return with management. Management reviews the form 990 for accuracy and completeness and provides comments to the preparer. Once the return is fully analyzed and prepared, a copy is distributed to the board of directors in advance of a specific meeting. A copy of the final form 990 is sent to the full board and officers before it is filed. Conflict of interest part vi, line 12c the board of dentaquest care group, inc. Has not formally adopted a conflict of interest policy. However, dentaquest care group, inc. Follows the conflict of interest policy of dental service of massachusetts, inc., dentaquest care group, inc.'s parent organization. The conflict of interest policy was approved by the dental service of massachusetts, inc. Board of directors prior to the current year. Therefore, even though dentaquest care group follows a conflict of interest policy, it must answer no to part vi, line 12 because it has not been formally adopted by dentaquest care group, inc's board of directors. A description of the policy and its enforcement is below. Monitoring the organization's conflict of interest policy provides that, annually, each director, principal officer and member of a committee with governing board delegated powers shall sign a questionnaire affirming that such person received a copy of the conflict of interest policy, read and understands the policy and agrees to comply with the policy. Additionally, the signed questionnaire affirms that the person understands dentaquest care group, inc. Is a charitable organization and that in order to maintain its tax-exempt status, dentaquest care group, inc. Must engage in activities which accomplish one or more of its tax-exempt purposes. Enforcement if the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Who is covered? The organization's conflict of interest policy covers each director, principal officer and me

Financial Statement Notes

Asc 740 Disclosure (fin 48)

There is no fin 48/asc 740 footnote. However, the following disclosure was made: the company determines whether a tax position of the company is more likely than not to be sustained upon examination, including resolution of any related appeals of litigation processes, based on the technical merits of the position. For tax positions meeting the more likely than not threshold, the tax amount recognized in the financial statements is reduced by the largest benefit that has a greater than fifty percent likelihood of being realized upon the ultimate settlement with the relevant taxing authority.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (4/1/15-12/31/15)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR (1/1/15-3/3/15)
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