SEE SCHEDULE O
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$294.1M
-0.5% YoY
Annual Giving
$360K
-6.0% YoY
Grant Count
10
-41.2% YoY
Avg Grant Size
$36K
+59.8% YoY
About Health New England Inc
Based on IRS filings
Health New England Inc is a nonprofit organization focused on Health, based in SPRINGFIELD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $294.1M in total assets. In 2024, it awarded 10 grants totaling $360K. Net investment income was $11.6M.
Focus Areas
Ready to take the next step with Health New England Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $294,149,482 | $295,692,088 | $292,952,185 |
| Revenue | $995,624,746 | $990,780,932 | $930,545,645 |
| Expenses | $975,203,492 | $1,016,731,021 | $923,558,117 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $11,593,630 | $8,194,460 | $3,426,145 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Care Center ($50,000), Community Legal Aid Inc ($50,000), Planned Parenthood League of Massachusetts ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BERKSHIRE NURSING FAMILIES (BNF) ADAMS, MA | AWARDS IN ALIGNMENT OF HEALTH NEW ENGLAND'S MISSION | $10,000 |
| THE CARE CENTER HOLYOKE, MA | AWARDS IN ALIGNMENT OF HEALTH NEW ENGLAND'S MISSION | $50,000 |
| COMMUNITY LEGAL AID INC WORCESTER, MA | AWARDS IN ALIGNMENT OF HEALTH NEW ENGLAND'S MISSION | $50,000 |
| PLANNED PARENTHOOD LEAGUE OF MASSACHUSETTS BOSTON, MA | AWARDS IN ALIGNMENT OF HEALTH NEW ENGLAND'S MISSION | $50,000 |
| STONE SOUP CAFE GREENFIELD, MA | AWARDS IN ALIGNMENT OF HEALTH NEW ENGLAND'S MISSION | $50,000 |
| THIRD SECTOR NEW ENGLAND INC BOSTON, MA | AWARDS IN ALIGNMENT OF HEALTH NEW ENGLAND'S MISSION | $50,000 |
| VOLUNTEERS IN MEDICINE BERKSHIRES INC GREAT BARRINGTON, MA | AWARDS IN ALIGNMENT OF HEALTH NEW ENGLAND'S MISSION | $10,000 |
| WELLSPRING COOPERATIVE CORPORATION SPRINGFIELD, MA | AWARDS IN ALIGNMENT OF HEALTH NEW ENGLAND'S MISSION | $50,000 |
| UNITED WAY OF PIONEER VALLEY SPRINGFIELD, MA | AWARDS IN ALIGNMENT OF HEALTH NEW ENGLAND'S MISSION | $20,000 |
| PARTNERS FOR A HEALTHIER COMMUNITY INC SPRINGFIELD, MA | AWARDS IN ALIGNMENT OF HEALTH NEW ENGLAND'S MISSION | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK A KEROACK MD TERM 531 | CHAIR/DIR, PRES & CEO BH | 1 | — |
| PETER BANKO START 6124 | CHAIR/DIR, PRES & CEO BH | 1 | — |
| WILLIAM WEBBER | DIRECTOR | 1 | — |
| KATHLEEN OESTREICH | DIRECTOR | 1 | — |
| PIA FLANAGAN | DIRECTOR | 1 | — |
| RICHARD BEAUCHAMP STEELE | DIRECTOR | 1 | — |
| WYNDOLYN BELL MD | DIRECTOR | 1 | — |
| HARRIET DEVERRY | DIRECTOR (TERM 12/31/24) | 1 | — |
| TANIA BARBER | DIRECTOR (TERM 2/1/24) | 1 | — |
| RAYMOND MCCARTHY | DIRECTOR, SVP CFO TREAS BH | 1 | — |
| RICHARD SWIFT | CHIEF EXECUTIVE OFFICER | 39 | $1,058,502 |
| CASEY J HOSSA | CHIEF INFORMATION OFFICER | 40 | $490,024 |
| KATE MCINTOSH | CHIEF MEDICAL OFFICER | 40 | $570,936 |
| JUDITH DANEK | DIR OFFICE OF PRES & GOV RELATIONS | 40 | $210,647 |
| JASON RIO | SR. DIR. REVENUE ASSUR. & RISK MGMT | 40 | $331,478 |
| LISA M COHEN | VP & CHIEF FINANCIAL OFFICER | 40 | $600,777 |
| SUSAN O CONNOR | VP & GENERAL COUNSEL | 40 | $415,734 |
| SHAWN E THAMERT | VP OF SALES & CHIEF GROWTH OFFICER | 40 | $309,505 |
| TYLER HUTCHISON | CHIEF ACTUARY, SR. DIR, HEALTHCARE ECON | 40 | $330,434 |
| TIMOTHY CHRYSTAL | DIR. OF SALES & ACCOUNT MGMT | 40 | $303,706 |
| MICHAEL GAUVIN | DIR. PROGRAM DVP. & MARKET INTEL | 40 | $296,757 |
| GARY TERESO | DIRECTOR OF PHARMACY SERVICES | 40 | $290,112 |
| SEAN NOONE | SR. DIRECTOR, CHIEF OF OPERATIONS | 40 | $303,516 |
| MICHAEL FASO | FORMER INTERIM CFO | — | $202,538 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Health New England Inc?
Health New England Inc is a nonprofit organization focused on Health, based in SPRINGFIELD, MA. It holds $294.1M in total assets as of 2024.
How large is Health New England Inc?
As of 2024, Health New England Inc holds $294.1M in total assets with $995.6M in annual revenue. It awarded 10 grants totaling $360K in 2024.
Where does Health New England Inc operate?
Health New England Inc has awarded grants in Massachusetts, Maryland.
What size grants does Health New England Inc award?
In 2024, Health New England Inc awarded 10 grants totaling $360K — an average of about $36K per grant, based on its IRS Form 990 filings.
What is Health New England Inc's EIN?
Health New England Inc's EIN (Employer Identification Number) is 04-2864973. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Health New England Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Conservation Food and Health Foundation
BOSTON, MA
Assets
$14.6M
Grants
49
Total Given
$2.2M
Charles J Tasker Memorial Scholarship Fund
HANOVER, MA
Assets
$98K
Grants
1
Total Given
$8K
The Bulens Family Foundation
WELLESLEY, MA
Assets
$3.0M
Grants
68
Total Given
$956K
Marshall M & Barbara J Sloane Pvt Found
CHESTNUT HILL, MA
Assets
$1.2M
Grants
11
Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Health New England Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Health New England Inc to a real strategy.