2018-11-13T15:02:07-06:00 2017-12-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2017-01-01 223195337 New England Life Care Inc NEWE 8002906558 600 Southborough Drive South Portland ME 04106 Michael Gallagher Chief Financial Officer 8002906558 2018-11-13 1 Barbara J McGuan CPA P00219457 2077752387 2018-11-13 69.49.157.66 2018-11-13 13:14:05 ES P 6394914DB802BEC38993851A15E6C3DEFAE5BF81 C97FEFACFBC752A47944C84B492960BB6E99453A 2017 2019-02-21 02:37:17Z Michael Souza 600 Southborough Drive South Portland ME 04106 59653845 0 X www.nelifecare.org X 1992 ME Delivery of home health care services. 11 11 373 12 0 0 0 0 49068575 59633151 9147 20694 0 0 49077722 59653845 0 0 0 0 20931797 24137133 0 0 0 27800466 35289537 48732263 59426670 345459 227175 18137860 22109429 6839040 10583434 11298820 11525995 X Delivery of home health care services to patients discharged from member hospitals as well as homebound and ambulatory patients living in areas served by the cooperative member hospitals. 1 0 46021503 58457374 New England Life Care (NELC) provided home health services and products to ambulatory and homebound patients in Maine, Massachusetts, Vermont, and New Hampshire. NELC had an average of over 1,900 patients on census per day in 2017. Services included nutritional support and speciality drug administration. NELC received the certificate from the Joint Commission, dated March 30, 2017, providing accreditation for the next three years. 2840859 1175777 Advanced Compounding Solutions (ACS) is a member owned cooperative division of NELC whose primary focus is patient safety while adding value to its owners. We provide a wide variety of commonly used compounded medications, in bulk packaging and offer best in class quality, safety, and service standards. Our ownership structure allows us to offer our members many other value added benefits. Access to information, input to drug availability management and quality control with a dedicated quality control team to better manage risk are some of the core values. Advanced Compounding Solutions, wants to become the indispensable care partner and do our part to improve the health of the community. 48862362 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 67 0 1 373 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 MA X Michael Gallagher 7819324347 600 Southborough Drive South Portland ME 04106 Bruce P King Chairman 1.00 0.00 X X 0 0 0 Vincent T McDermott Treasurer 1.00 0.00 X X 0 0 0 Amy Hoey Secretary 1.00 0.00 X X 0 0 0 Peter Chalke Past Director 1.00 0.00 X 0 0 0 Jessica Dudley Director 1.00 0.00 X 0 0 0 Lisa Harvey-McPherson Director 1.00 0.00 X 0 0 0 Timothy Jones Director 1.00 0.00 X 0 0 0 Patrick F Jordan III Director 1.00 0.00 X 0 0 0 Greg Pauly Director 1.00 0.00 X 0 0 0 Jeff Sanders Director 1.00 0.00 X 0 0 0 Gregory Walker Director 1.00 0.00 X 0 0 0 Kevin Whitney Director 1.00 0.00 X 0 0 0 Michael Souza President & CEO 40.00 0.00 X 369658 0 6062 Michael Gallagher Chief Financial Officer 40.00 0.00 X 184437 0 27549 Terese Danowski Past VP, Regional Admin and Finance 40.00 0.00 X 23910 0 420 Robert Calway Chief Operating Officer 40.00 0.00 X 172073 0 8197 Andrew Heindl VP Business Development 40.00 0.00 X 165043 0 21208 Scott Hyde General Manager 40.00 0.00 X 220521 0 7698 Alain Loriaux Lead Clinical Pharmacist 40.00 0.00 X 158799 0 26439 Bret Snow Regional Director of Pharmacy 40.00 0.00 X 178829 0 28820 1473270 0 126393 13 0 1 0 East Coast Critical PO Box 231 Revere MA 02151 Express Delivery 619900 Grifols USA 8784 NW 18th Terrace Doral FL 33172 Consulting Services 321185 Dynalabs 2327 Choteau Avenue St Louis MO 63103 Lab Services 272295 United Parcel Services PO Box 7247-0244 Philadelphia PA 17170 Package Delivery 233272 TPX Communications PO Box 984001 Boston MA 02298 Communication Services 160542 5 Patient Service Rev. 621610 60848208 60848208 Compounding Sales 446110 1175777 1175777 Miscellaneous Revenue 900099 2000 2000 Bad Debt Provision 621610 -2392834 -2392834 59633151 4744 4744 15950 0 15950 15950 15950 59653845 59633151 0 20694 587706 587706 19104312 14130537 4973775 474863 326531 148332 2425298 1544412 880886 1544954 1140408 404546 77247 77247 77443 77443 261655 16800 244855 37617 37617 2899565 2532165 367400 505389 505389 1464396 1080168 384228 610674 432972 177702 54594 931 53663 188426 188426 572789 248110 324679 362843 362843 Medical Supplies 26795568 26795568 Miscellaneous 1381331 425334 955997 59426670 48862362 10564308 0 X 980450 1131734 984149 1088893 8670750 11425116 1440276 2151368 205014 300657 7237154 2275664 4109255 4961490 1747966 1050171 18137860 22109429 4076315 5582132 2713725 5001302 49000 0 6839040 10583434 X 11298820 11525995 11298820 11525995 18137860 22109429 227175 0 X 0 1 X 1 0 X 2404754 339533 2065221 4747400 1936131 2811269 85000 85000 4961490 59653845 0 59653845 0 59653845 59426670 0 59426670 0 59426670 X X X X 0 0 0 1 0 1 0 0 0 Michael Souza President & CEO 265750 0 103650 0 258 0 6062 0 0 0 375720 0 0 0 Michael Gallagher Chief Financial Officer 184249 0 0 0 188 0 7789 0 19760 0 211986 0 0 0 Robert Calway Chief Operating Officer 171885 0 0 0 188 0 8197 0 0 0 180270 0 0 0 Andrew Heindl VP Business Development 121335 0 43312 0 396 0 5014 0 16194 0 186251 0 0 0 Scott Hyde General Manager 144811 0 75572 0 138 0 7509 0 189 0 228219 0 0 0 Alain Loriaux Lead Clinical Pharmacist 129669 0 29070 0 60 0 8190 0 18249 0 185238 0 0 0 Bret Snow Regional Director of Pharmacy 156419 0 22356 0 54 0 0 0 28820 0 207649 0 0 0 Part I, Line 5 The Organization's bonus compensation structure compensates individuals for achieving specific goals with the overarching criteria that the Organization must achieve its net revenue and net income goals for the calendar year. Part I, Line 6 The Organization's bonus compensation structure compensates individuals for achieving specific goals with the overarching criteria that the Organization must achieve its net revenue and net income goals for the calendar year. Form 990, Part III, line 2 In August 2017, the Cooperative began engaging in compounding activities for participating members. Its members are hospitals located in Maine, Massachusetts, New Hampshire, and Vermont. See Form 990, Part III, line 4b for more information. Form 990, Part VI, Section A, line 6 Each hospital that the Organization provides services for owns an equity share in New England Life Care, Inc. There is a single class of membership in the Corporation. Any nonprofit hospital located in Maine, New Hampshire, Massachusetts, or Vermont authorized to provide services under Internal Revenue Code section 501(e) is qualified for membership and may be elected to membership at any annual or special meeting of the members by a two-thirds majority vote of the entire membership of the Corporation. No member may hold more than one membership in the Corporation. The Corporation shall have no capital stock; however, membership certificates of the Corporation shall be required. No later than the 15th day of the ninth month after the end of each fiscal year, the Corporation shall allocate or pay all of its net earnings to its members on the basis of patronage of the Corporation's services performed for each member, subject to cash reserve requirements. Form 990, Part VI, Section A, line 7a There is a single class of membership in the Corporation. Application for new membership is submitted in writing to the Board of Directors and Board Secretary. Upon a majority approval by the Board, the application is submitted to the full membership for ratification. No Member may hold more than one membership in the corporation. Each Member shall be entitled to vote on each matter submitted to a vote of the membership. A majority of the Members must vote in the affirmative to accept a new member application. Form 990, Part VI, Section A, line 7b All Board Members are comprised of directors from Member Organizations. The Board of Directors shall consist of not less than six and not more than twelve directors. Each director shall serve for a 2 year term. A Member Hospital may nominate a representative to the Board of Directors to fill an open Board position. The composition of the Board of Directors shall be determined periodically by a resolution of the Board of Directors. A director filling a newly created directorship shall be elected by an affirmative vote of a majority of the directors. Vacancies on the Board caused by resignations, removal, disqualification or death of a director may be filled by a new diretor elected by an affirmative vote of a majority of the remaining directors. Form 990, Part VI, Section A, line 8b The Organization has no formal board sub-committee to handle this function. Form 990, Part VI, Section B, line 11b The Organization's CEO and CFO formally review the annual Form 990 with the board chairman and respond to questions from the board chairman and other board members once they have reviewed a copy of the draft document. Form 990, Part VI, Section B, line 12c All employees execute a formal disclosure document on an annual basis. Any apparent conflict is reported to the compliance officer, to legal counsel, and, if appropriate, to the full board. Form 990, Part VI, Section B, line 15 CEO and CFO compensation is reviewed and approved by the NELC board. All other NELC officers, and key employee compensation matters are administered internally with board oversight within the budget process and via board review of the employee compensation disclosed on the annual Form 990. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: New England Life Care, Inc. 600 Southborough Drive South Portland, ME 04106 EIN 22-3195337 New England Life Care, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Schedule A, Part 1, Line 3: New England Life Care is a cooperative hospital service organization described in IRC section 170(b)(1)(A)(iii), and is comprised of a number of member hospitals. However, the Organization is not licensed in the State of Maine as a hospital. Accordingly, Schedule H is not being attached, as the Organization does not meet the definition of a hospital for purposes of Schedule H. Form 990, Part VIII, Line 2a: Inception to date, NELC has provided $19,197,450 of uncompensated free care (Charity Care) to patients. Charity care services provided in 2017 amounted to $1,971,275. NELC LLC 4 Constitution Way Suite J Woburn MA 01801 464810145 Home Health Services MA New England Life Care Inc C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0