NorDx

Overview

Mission

To maximize the efficiencies and quality of clinical diagnostic, blood banking and anatomic pathology laboratory services throughout the mainehealth services network.

What it reported doing in 2023

Nordx is committed to supporting their partners in healthcare by providing superior quality and cost-effective laboratory services which emphasize customer satisfaction, value, innovation, technology, and exceptional service. Nordx provides comprehensive, dependable laboratory services to hospitals, networks, physician offices, post-acute and long-term care providers, managed care organizations, and employer groups throughout the region.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
010511356
IRS 990 coverage
2009–2023
Forms available
Form 990 2023, Form 990-T 2023
Headquarters
Scarborough, ME, USA
Phone
2073968927
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health - General and Rehabilitative N.E.C.

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 60
  • Accountability: 47
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.8%; rating input score 90
  • Program expense ratio: 94.4%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 25%; rating input score 25; 9th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 6.7% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 12.4% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 89.8% of revenue deployed · 94.4% of spending went to programs
  • Governance: 2 of 8 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $98.8M in reported program spending
  • Leadership: top reported pay $1.4M · 19 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $5.4M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 annual filings from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

19 people listed

Highest reported compensation

  • Albert G Swallow III (CFO, MaineHealth/Board Treasurer): $1,404,205 total reported compensation
  • Kelly Elkins (COO, MaineHealth/Board Chair): $1,217,045 total reported compensation
  • Guillermo Martinez-Torres (President/Trustee): $709,542 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.