NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ELDERPLAN INC, founded in 1982, is a large national nonprofit in the Health Care sector that reported $1.6B in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.
ELDERPLAN (WHICH INCLUDES HOMEFIRST - ONE OF THE OLDEST, AND TODAY ONE OF THE LARGEST AND MOST HIGHLY-RATED MANAGED LONG-TERM CARE PLANS IN NY STATE), IS A HEALTH PLAN WITH MEDICARE AND MEDICAID CONTRACTS. ELDERPLAN STARTED AS ONE OF THE ORIGINAL SOCIAL HEALTH MAINTENANCE ORGANIZATIONS IN THE COUNTRY. MORE THAN 35 YEARS LATER, ELDERPLAN, A MEMBER OF MJHS HEALTH SYSTEM, CARRIES ON THE CORE VALUES OF COMPASSION, DIGNITY AND RESPECT FIRST ESTABLISHED BY THE FOUR BROOKLYN LADIES IN 1907. ELDERPLAN IS A NOT-FOR-PROFIT HEALTH PLAN COMMITTED TO SUPPORTING, GUIDING AND CARING FOR ADULTS 65 AND OVER AND INDIVIDUALS 18+ WITH SPECIAL NEEDS IN NEW YORK STATE, EMPOWERING THEM TO ACHIEVE THEIR GREATEST LEVEL OF INDEPENDENCE AND QUALITY OF LIFE THROUGH PIONEERING HEALTH CARE AND SOCIAL SUPPORT PROGRAMS.
A NOT-FOR-PROFIT HEALTH PLAN THAT'S DEDICATED TO CARING FOR NEW YORKERS, ELDERPLAN (INCLUDING HOMEFIRST - ONE OF THE OLDEST, AND TODAY ONE OF THE LARGEST AND MOST HIGHLY-RATED, MANAGED LONG-TERM CARE...
A NOT-FOR-PROFIT HEALTH PLAN THAT'S DEDICATED TO CARING FOR NEW YORKERS, ELDERPLAN (INCLUDING HOMEFIRST - ONE OF THE OLDEST, AND TODAY ONE OF THE LARGEST AND MOST HIGHLY-RATED, MANAGED LONG-TERM CARE PLANS IN NY STATE) IS COMMITTED TO SERVING THE NEEDS OF AT-RISK, LARGELY DUAL-ELEGIBLE, MEMBERS OF THE COMMUNITY OF ALL RELIGIOUS AND CULTURAL BACKGROUNDS AS WELL AS GENDER IDENTITY, SEXUAL ORIENTATION AND MILITARY STATUS. A MEMBER OF THE MJHS HEALTH SYSTEM FAMILY, ELDERPLAN CARRIES ON A TRADITION OF COMPASSION, DIGINITY AND RESPECT, FIRST ESTABLISHED BY THE FOUR BROOKLYN LADIES IN 1907. ELDERPLAN OFFERS SPECIAL NEEDS PLANS TO HELP BENEFICIARIES RECEIVE THE SUPPORT, GUIDANCE, CARE COORDINATION AND HEALTH-RELATED SERVICES NECESSARY FOR THEM TO REMAIN SAFELY AT HOME. ELDERPLAN ALSO OFFERS HEALTH PLANS FOR BENEFICIARIES WHO LIVE IN CONTRACTED NURSING HOMES AND ASSISTED LIVING COMMUNITIES. AS A NOT-FOR-PROFIT, ELDERPLAN REINVESTS EARNINGS TO BRING ITS MEMBERS IMPROVED BENEFITS. ELDERPLAN BELIEVES THAT HEALTH CARE IS MORE THAN JUST CARING FOR PEOPLE, IT'S CARING ABOUT THEM TOO. AS OF 12/31/2023, ELDERPLAN (INCLUSIVE OF HOMEFIRST) CARED FOR 34,857 MEMBERS ACROSS NYC, WESTCHESTER, NASSAU, SUFFOLK, PUTNAM, ROCKLAND, DUCHESS, ONTARIO, ORLEANS, SENECA, SULLIVAN, ULSTER, YATES, LIVINGSTON ORANGE, AND MONROE COUNTIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,594,361,712 | $1,259,573,317 | +0.3% |
| Expenses | $1,561,824,105 | $1,247,605,028 | +0.3% |
| Net Income | $32,537,607 | $11,968,289 | +1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID WAGNER | CEO/PRESIDENT | 20.93 |
Officer
Director
|
$0 | $138,798 | $1,485,170 |
| DAVID KOSCHITZKI | CHIEF FINANCIAL OFFICER | 23.12 |
Officer
|
$0 | $124,203 | $820,536 |
| CHRISTINA VAN VORT | CHIEF LEGAL OFFICER | 23.54 |
Officer
|
$0 | $87,581 | $767,682 |
| LAURISSA BURNS | CHIEF ADMINISTRATIVE OFFICER | 35.0 |
Key Emp
|
$509,957 | $60,119 | $570,076 |
| DIANA GELFAND | CHIEF CLINICAL OFFICER | 35.0 |
Key Emp
|
$479,512 | $72,307 | $551,819 |
| GILBERT BURGOS | ED OF MEDICAL AFFAIRS | 29.0 |
Highest
|
$391,406 | $75,782 | $467,188 |
| JOHN COLEMAN | VP OF FINANCE | 35.0 |
Highest
|
$366,897 | $80,822 | $447,719 |
| SAIFUL KHAN | SVP (TERM 3/27/23) | 35.0 |
Highest
|
$392,264 | $34,658 | $426,922 |
| JACLYN O'BRIEN | VP OF HEALTH ECONOMICS | 35.0 |
Highest
|
$353,419 | $50,791 | $404,210 |
| CRAIG AZOFF | SVP, ELDERPLAN INFO SVCS. | 35.0 |
Highest
|
$351,141 | $29,811 | $380,952 |
| BARBARA LATESTA | DIRECTOR | 0.5 |
Director
|
$14,428 | $0 | $14,428 |
| BRADLEY FLUEGEL | CHAIRMAN | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| ARTHUR GOSHIN | VICE CHAIRMAN | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| AMIR KISHON | SECRETARY | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| PETER BAILEY | TREASURER | 0.5 |
Director
|
$0 | $0 | $0 |
| BURTON ESRIG | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| ELI FELDMAN | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| CARI ALMO GALLMAN | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| STEPHEN JACKSON | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| DANIELLE ROLLMANN | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| IRA ROSEN | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| TINA SADARANGANI | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| JAY TALBOT | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| JAMES WILLIS | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,594,361,712 | $1,561,824,105 | $678,009,254 | $32,537,607 |
| 2022 | $1,259,573,317 | $1,247,605,028 | $501,767,408 | $11,968,289 |
| 2021 | $1,142,003,022 | $1,121,689,777 | $441,011,488 | $20,313,245 |
| 2020 | $1,190,934,065 | $1,128,662,067 | $392,708,489 | $62,271,998 |
| 2019 | $1,221,934,241 | $1,187,008,156 | $299,700,880 | $34,926,085 |
| 2018 | $1,088,227,056 | $1,067,010,463 | $275,529,878 | $21,216,593 |
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