New Hampshire Health Plan
Legal name: New Hampshire Individual Health Plan Benefit Association
Nonprofit profile at a glance
- EIN
- 020499340
- IRS 990 coverage
- 2011–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Concord, NH, USA
- Phone
- (603) 223-NHHP (6447)
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Insurance Providers
Reported finances
- Revenue
- $65,745,175
- Expenses
- $65,745,175
- Assets
- $29,706,883
- Liabilities
- $29,706,883
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
People named in this filing
- Christopher Kennedy (Chair)
- Kathryn Skouteris (Vice-Chair)
- Martha McLeod (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Protecting Granite Staters who participate in the individual health insurance market by providing a mechanism to equitably distribute the excess risk sometimes associated with this market. New Hampshire Individual Health Plan Benefit Association (the “Association”) is a not-for-profit organization established by the State of New Hampshire under Chapter 404-G of the New Hampshire Revised Statutes Annotated (“RSA 404-G”). The Association’s purpose is to protect the citizens of the state who participate in the individual health insurance market by providing a mechanism to equitably distribute the excess risk sometimes associated with this market. The Association previously made available individual health insurance to New Hampshire residents who are considered medically uninsurable or who otherwise qualify based on federal and state guidelines and currently supports the state’s M.
What it reported doing in 2025
The Association collects assessments from its members on behalf of the State of New Hampshire to support its New Hampshire Reinsurance Program, which was established as a mechanism to equitably distribute the excess risk associated with the individual health insurance market and to support the affordability and accessibility of health insurance in New Hampshire's individual health insurance market. The reinsurance program reimburses health plan issuers who offer comprehensive, major medical plans in New Hampshire's individual market that are part of a single-risk pool based on a percentage of annual claims that issuers incur for coverage under such plans.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 65% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.5%; rating input score 100
- Program expense ratio: 99.5%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 61st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 97; 97th percentile among comparable filings
Growth
- Program expense growth: 22.2% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 62nd percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 99.5% of revenue deployed · 99.5% of spending went to programs
- Governance: 10 of 10 board members independent · 7 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $65.4M in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Highest-paid contractors: 2 contractors listed · $659K reported
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 4 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.