Nonprofit · EIN 46-5190134
HNE OF CONNECTICUT INC
Tax-exempt · SPRINGFIELD, MA 01144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $213,992 | $11,522 | $202,470 | $4,689,358 | $0 | $4,689,358 |
| December 31, 2023 | 990 | $178,898 | $490 | $178,408 | $4,486,888 | $0 | $4,486,888 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $213,992
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $11,522
Balance sheet and other
- Total assets, start of year
- $4,486,888
- Total assets, end of year
- $4,689,358
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,689,358
- Net assets without donor restrictions
- $4,689,358
- Gross receipts
- $213,992
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER BANKO | CHAIR/DIR, PRES. & CEO BH Trustee or director, Officer | 1 | $0 | $1,514,715 | $233,002 |
| MARK A KEROACK MD | CHAIR/DIR, PRES,CEO BH (TERM 5/31/24) Trustee or director, Officer | 1 | $0 | $1,554,650 | $33,049 |
| RICHARD SWIFT | PRESIDENT AND CEO Officer | 1 | $0 | $1,058,502 | $452,498 |
| RAYMOND MCCARTHY | TREASURER/DIRECTOR Trustee or director | 1 | $0 | $1,279,577 | $56,057 |
| LISA M COHEN | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $600,777 | $252,001 |
| JUDITH DANEK | DIR OFFICE OF PRES & GOVT RELATIONS Officer | 1 | $0 | $210,647 | $49,724 |
| MICHAEL FASO | FORMER INTERIM CFO Former | 0 | $0 | $202,538 | $0 |
| DAVID FRIED | DIRECTOR (TERM 12/31/24) Trustee or director | 1 | $0 | $0 | $0 |
| JAMES KESSLER ESQ | DIRECTOR (TERM 6/30/24) Trustee or director | 1 | $0 | $0 | $0 |
| MARYLYNN EILEEN IRELAND | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK A KEROACK MD | CHAIR/DIRECTOR, PRES. & CEO BH Trustee or director | 1 | $0 | $2,718,608 | $42,615 |
| RICHARD SWIFT | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $1,203,119 | $371,042 |
| RAYMOND MCCARTHY | TREASURER & DIRECTOR, SVP CFO BH Trustee or director | 1 | $0 | $1,181,243 | $24,432 |
| LISA M COHEN | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $578,571 | $202,947 |
| MICHAEL FASO | FORMER INTERIM CFO Former | 1 | $0 | $248,050 | $0 |
| JUDITH DANEK | DIR OFFICE OF PRES & GOVT RELATIONS Officer | 1 | $0 | $169,728 | $47,154 |
| KEITH LEDOUX | VP COMM LOB & SALES (TERM 12/31/22) Former | 1 | $0 | $193,347 | $21,524 |
| DAVID LEON FRIED DDS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMES MICHAEL KESSLER ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARYLYNN EILEEN IRELAND PHD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 MONARCH PL STE 1500, SPRINGFIELD, MA 01144-1500
- In care of
- % JAMES M KESSLER
- Principal officer (990 for 2024)
- PETER BANKO, ONE MONARCH PLACE 1500, SPRINGFIELD, MA 011441500
- Signed the 990
- PETER BANKO, CHAIR
- Phone
- (413) 787-4000
- Website
- HNE.HEALTHNEWENGLAND.COM
- Return prepared by
- DELOITTE TAX LLP
Mission
THE MISSION OF HNE OF CONNECTICUT, INC., LIKE THAT OF ITS SOLE MEMBER HEALTH NEW ENGLAND, INC, ("HNE"), IS TO IMPROVE THE OVERALL QUALITY OF LIFE AND HEALTH STATUS OF THE COMMUNITIES WE SERVE AND TO CONTRIBUTE TO THE ECONOMIC SUCCESS OF OUR REGION.
Program accomplishments
- HNE OF CONNECTICUT WAS LICENSED AS A HEALTH CARE CENTER (HMO) UNDER CHAPTER 698A OF THE CONNECTICUT GENERAL STATUTES IN 2014. SINCE JANUARY 1, 2015, THE ORGANIZATION'S MAIN ACTIVITY WAS TO OFFER, THROUGH THE MEDICARE ADVANTAGE PROGRAM, LOW COST, HIGH QUALITY HEALTH CARE COVERAGE TO PERSONS ELIGIBLE FOR MEDICARE. EFFECTIVE JANUARY 1, 2018 THE ORGANIZATION CEASED OFFERING COVERAGE THROUGH ITS MEDICARE ADVANTAGE PROGRAM, BUT CONTINUES TO MAINTAIN ITS LICENSE TO OPERATE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-5190134
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E21)
- Assets (IRS master file)
- $4,689,358
- Income (IRS master file)
- $213,992
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $213,992 | $11,522 | $4,689,358 | XML |
| 990 | December 2023 | $178,898 | $490 | $4,486,888 | XML |
| 990 | December 2022 | $25,366 | -$1,337 | $4,308,480 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-5190134).
Questions about HNE OF CONNECTICUT INC
- What is the EIN of HNE OF CONNECTICUT INC?
- The employer identification number (EIN) of HNE OF CONNECTICUT INC is 46-5190134.
- Is HNE OF CONNECTICUT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2016.
- Are donations to HNE OF CONNECTICUT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HNE OF CONNECTICUT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HNE OF CONNECTICUT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HNE OF CONNECTICUT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HNE OF CONNECTICUT INC?
- The 990 for the year ended December 31, 2024 names PETER BANKO.
- Who are the officers and directors of HNE OF CONNECTICUT INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does HNE OF CONNECTICUT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $213,992, expenses of $11,522 and total assets of $4,689,358 at year end.
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