Harvard Pilgrim Health Care of New England Inc
98% goes to programs Declining revenue
Harvard Pilgrim Health Care of New England Inc is a 501(c)(4) organization based in Canton, Massachusetts, registered in 1979, with $466,173,745 in FY2024 revenue. CharityIndex grades it B+, and it directs about 98% of spending to programs.
1 Wellness Way, Canton, MA, 02021 EIN 04-2663394 Since 1979
Revenue (FY2024)
$466.2M
▼ 7.1% vs prior year
Health median: $840K
Expenses (FY2024)
$510.8M
Net assets
$53.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
A+Program efficiency40% of the rating98% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Harvard Pilgrim Health Care of New England Inc: 98% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Harvard Pilgrim Health Care of New England Inc: 1 mo reserves · -10% margin earns a C+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Harvard Pilgrim Health Care of New England Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Harvard Pilgrim Health Care of New England Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 1 Wellness Way, Canton, MA, 02021
- City
- Canton
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Health Care Financing
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $237.8M (FY2013) to $466.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $93.8MNet assets $53.0M
Operating margin
-9.6%
Spent more than it raised in the latest fiscal year.
Total assets
$146.8M
Total liabilities
$93.8M
Net assets
$53.0M
Salaries & benefits
$0
0% of expenses
Board members
2
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $466,173,745▼7.1% | $510,838,240▼1.8% | $52,978,149▲6.2% | $146,760,299▼4.8% | 990 |
| 2023 | $501,994,135▼3.7% | $520,135,133▼4.3% | $49,890,094▼22.0% | $154,239,239▼1.2% | 990 |
| 2022 | $521,545,311▼5.5% | $543,582,863▼6.9% | $63,943,716▲1.8% | $156,187,608▼7.2% | 990 |
| 2021 | $551,758,850▲0.5% | $584,000,368▲4.1% | $62,805,879▲11.4% | $168,348,324▲3.2% | 990 |
| 2020 | $548,842,588▲6.7% | $560,814,554▲11.5% | $56,380,685▼18.3% | $163,175,488▲10.3% | 990 |
| 2019 | $514,139,816▼7.8% | $503,070,429▼9.4% | $69,014,851▲17.1% | $147,882,247▼4.3% | 990 |
| 2018 | $557,603,687▼2.1% | $555,146,392▼3.1% | $58,930,834▲5.2% | $154,494,698▲9.0% | 990 |
| 2017 | $569,764,300▲16.1% | $572,692,477▲14.8% | $56,039,729▼6.7% | $141,683,075▼6.3% | 990 |
| 2016 | $490,940,502▲27.8% | $498,672,657▲36.4% | $60,085,978▼11.7% | $151,280,958▲18.3% | 990 |
| 2015 | $384,054,015▲31.3% | $365,612,415▲28.1% | $68,009,423▲15.0% | $127,899,752▲24.1% | 990 |
| 2014 | $292,419,207▲23.0% | $285,509,634▲27.2% | $59,139,864▼0.5% | $103,098,446▲21.5% | 990 |
| 2013 | $237,831,186 | $224,503,597▲15.5% | $59,441,721▲18.7% | $84,830,307▲16.4% | 990 |
| 2012 | — | $194,403,507▼25.4% | $50,090,022▲13.8% | $72,883,560▲4.0% | 990 |
| 2011 | — | $260,617,083▼16.7% | $44,033,653▲39.0% | $70,058,383▲8.2% | 990 |
| 2010 | — | $313,022,759 | $31,678,453 | $64,744,778 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Cain Hayes | President & Ceo (end 9/24) | 2.5 | — |
| Mark Porter | Treasurer (start 6/24) | 2.5 | — |
| Roland Price | Former Treasurer | 0 | — |
| R Scott Walker | Director, Cfo & President | 2.5 | — |
| Susan Kee | Director, Clerk/secretary | 2.5 | — |
| Tisa Hughes | Former Clerk/secretary | 0 | — |
| Umesh Kurpad | Former Cfo | 0 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| See Schedule O | — | — |
Grants received · $31.4M total
8 grants to Harvard Pilgrim Health Care of New England Inc totaling $31.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New Hampshire Individual Health Plan Benefit Association | Nh reinsurance program | 2024 | $5,600,080 |
| American Diabetes Association Inc | Postdoctoral fellowship youth-onset type 2 diabetes | 2024 | $65,632 |
| New Hampshire Individual Health Plan Benefit Association | Nh reinsurance program | 2023 | $9,920,074 |
| Broad Institute Inc | Research | 2023 | $99,899 |
| American Diabetes Association Inc | Postdoctoral fellowship | 2023 | $65,224 |
| New Hampshire Individual Health Plan Benefit Association | — | 2022 | $15,519,651 |
| Broad Institute Inc | Program support | 2022 | $60,368 |
| Broad Institute Inc | Program support | 2022 | $60,368 |
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Compare Harvard Pilgrim Health Care of New England Inc
Frequently asked questions
- Is Harvard Pilgrim Health Care of New England Inc a legitimate nonprofit?
- Yes. Harvard Pilgrim Health Care of New England Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 04-2663394, based in Canton, Massachusetts.
- What is Harvard Pilgrim Health Care of New England Inc's EIN?
- Harvard Pilgrim Health Care of New England Inc's Employer Identification Number (EIN) is 04-2663394.
- How much revenue does Harvard Pilgrim Health Care of New England Inc report?
- Harvard Pilgrim Health Care of New England Inc reported $466,173,745 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Harvard Pilgrim Health Care of New England Inc's spending goes to programs?
- Harvard Pilgrim Health Care of New England Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Harvard Pilgrim Health Care of New England Inc have?
- CharityIndex grades Harvard Pilgrim Health Care of New England Inc B+, based on program efficiency and fundraising cost.
- How much does Harvard Pilgrim Health Care of New England Inc's highest-paid employee make?
- The highest reported compensation on Harvard Pilgrim Health Care of New England Inc's latest Form 990 is $0, paid to Cain Hayes (President & Ceo (end 9/24)).
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Data for Harvard Pilgrim Health Care of New England Inc (EIN 04-2663394) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.