BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC

EIN: 043362283

BOSTON, MA

Total Revenue
$5,851,428,643
Total Expenses
$5,663,700,213
Total Assets
$3,446,766,844
Net Assets
$2,381,695,523
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MA
Phone
6172465313
Tax Period
2023-01-01 to 2023-12-31

BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC, founded in 2005, is a large national nonprofit that reported $5.9B in total revenue in fiscal year 2023. Expenses of $5.7B left a modest 3% surplus.

Mission

THE COMPANY OFFERS HEALTH MAINTENANCE ORGANIZATION SERVICES AND SUPPLEMENTARY PROGRAMS FOR THE BENEFIT OF ITS MEMBERS, PROVIDING HOSPITALIZATION, MEDICAL, AND OTHER HEALTH BENEFITS TO MEMBERS. THROUGH CONTRACTS WITH HOSPITALS, PHYSICIANS, NURSING FACILITIES, AND OTHER HEALTH CARE PROVIDERS.

Program Service Accomplishments

Program 1
Expenses: $5,033,264,555 Revenue: $5,770,512,275

PROVISION OF HOSPITAL AND MEDICAL BENEFITS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,770,512,275
Investment Income $80,916,368
Other Revenue $0
TOTAL REVENUE $5,851,428,643

Expense Breakdown

Grants Paid $0
Salaries & Benefits $218,234,215
Fundraising Expenses $0
Program Expenses $5,033,264,555
Other Expenses $412,201,443
TOTAL EXPENSES $5,663,700,213

Year-over-Year Comparison

2023 2022 Change
Revenue $5,851,428,643 $5,527,610,698 +0.1%
Expenses $5,663,700,213 $5,325,549,852 +0.1%
Net Income $187,728,430 $202,060,846 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
N/A
Employees
144
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$19,238,567
Total Directors
6
$15,083,237
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR, EVP & CFO 0.0
Officer Director
$0 $229,865 $3,750,613
N/A DIRECTOR, GENERAL COUNSEL AND SECRETARY 0.0
Officer Director
$0 $159,733 $991,124
N/A CHAIR 0.0
Officer Director
$0 $0 $138,759
N/A DIRECTOR, SVP & COO 0.0
Officer Director
$0 $953,842 $3,295,520
N/A DIRECTOR, EVP & CHIEF FINANCIAL OFFICER 0.0
Officer Director
$0 $513,599 $697,483
N/A DIRECTOR, PRESIDENT & CEO 0.0
Officer Director
$0 $188,658 $6,209,738
N/A VICE PRESIDENT & ASST. CLERK 0.0
Officer
$0 $67,988 $482,006
N/A VP OF TREASURY AND INVESTMENTS 0.0
Officer
$0 $299,631 $1,044,583
N/A ASSISTANT TREASURER 15.0
Officer
$94,110 $17,573 $252,847
N/A SVP & CHIEF AUDIT EXECUTIVE 0.0
Officer
$0 $178,840 $1,094,816
N/A ASSISTANT TREASURER 15.0
Officer
$94,269 $17,898 $253,570
N/A SVP & CHIEF ACTUARY 0.0
Officer
$0 $194,653 $1,027,508
N/A PHYSICIAN REVIEWER 11.5
Highest
$95,554 $41,438 $355,758
N/A ASSOCIATE DIRECTOR, NATL SALES 3.5
Highest
$265,697 $16,954 $309,250
N/A PHYSICIAN REVIEWER 11.5
Highest
$88,227 $30,363 $320,580
N/A PHYSICIAN REVIEWER 11.5
Highest
$79,115 $18,467 $278,714
N/A PHYSICIAN REVIEWER 11.5
Highest
$85,887 $23,461 $305,984
N/A FORMER DIRECTOR, PRESIDENT & CEO 0.0
$0 $654,130 $14,492,982
N/A FORMER DIRECTOR AND FORMER CHIEF LEGAL OFFICER 0.0
$0 $-232,666 $647,084
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,851,428,643 $5,663,700,213 $3,446,766,844 $187,728,430
2022 $5,527,610,698 $5,325,549,852 $3,083,661,495 $202,060,846
2021 $5,379,580,781 $5,195,259,923 $3,100,726,716 $184,320,858
2020 $5,254,246,974 $4,914,661,962 $2,876,856,771 $339,585,012
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