BLUE CROSS BLUE SHIELD ASSOCIATION (EIN 135656874) - Form 990 Financial Analysis & Trantor Score

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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

1948

Legal Domicile

Principal Officer

KIM KECK

Phone

3122976369

Tax Period

2023-01-01 to 2023-12-31

BLUE CROSS BLUE SHIELD ASSOCIATION, founded in 1948, is a major nonprofit in the Health Care sector that reported $606.2M in total revenue in fiscal year 2018.

Mission

THE ORGANIZATION'S TAX EXEMPT PURPOSE IS PROMOTING THROUGH INDEPENDENT BLUE CROSS AND BLUE SHIELD MEMBER PLANS, THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY BY FOSTERING BROADBASED HEALTH INSURANCE COVERAGE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $811,173,913

Investment Income $5,320,484

Other Revenue $2,629,151

TOTAL REVENUE $819,123,548

Expense Breakdown

Grants Paid $2,000,585

Salaries & Benefits $273,000,689

Fundraising Expenses $0

Program Expenses $773,069,264

Other Expenses $522,974,960

TOTAL EXPENSES $797,976,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$819,123,548	$755,791,525	+0.1%
Expenses	$797,976,234	$697,934,609	+0.1%
Net Income	$21,147,314	$57,856,916	-0.6%

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

Governance

Voting Members

Independent Members

Employees

1363

Volunteers

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

$29,211,177

Total Directors

$6,041,415

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM KECK	PRESIDENT AND CEO	40.00	Officer Director	$4,374,499	$1,666,916	$6,041,415
MATT ALL	BOARD MEMBER	4.00	Director	$0	$0	$0
CURTIS BARNETT	BOARD MEMBER	4.00	Director	$0	$0	$0
GAIL BOUDREAUX	BOARD MEMBER	4.00	Director	$0	$0	$0
DAN CONRAD	BOARD MEMBER	4.00	Director	$0	$0	$0
GREGORY DEAVENS	BOARD MEMBER	4.00	Director	$0	$0	$0
DANA ERICKSON	BOARD MEMBER	4.00	Director	$0	$0	$0
DON GEORGE	BOARD MEMBER	4.00	Director	$0	$0	$0
PATRICK GERAGHTY	BOARD MEMBER	4.00	Director	$0	$0	$0
DIANE GORE	BOARD MEMBER	4.00	Director	$0	$0	$0
STEVE GRANDFIELD	BOARD MEMBER (END 06/25/23)	4.00	Director	$0	$0	$0
CORY HARRIS	BOARD MEMBER	4.00	Director	$0	$0	$0
JD HICKEY	BOARD MEMBER	4.00	Director	$0	$0	$0
DAVID HOLMBERG	BOARD MEMBER	4.00	Director	$0	$0	$0
SARAH ISELIN	BOARD MEMBER (START 1/1/23)	4.00	Director	$0	$0	$0
PAM KEHALY	BOARD MEMBER	4.00	Director	$0	$0	$0
DANIEL LOEPP	BOARD MEMBER	4.00	Director	$0	$0	$0
CHARLENE MAHER	BOARD MEMBER	4.00	Director	$0	$0	$0
PAUL MARKOVICH	BOARD MEMBER	4.00	Director	$0	$0	$0
MICHAEL MIZEUR	BOARD MEMBER	4.00	Director	$0	$0	$0
MARK MUGIISHI	BOARD MEMBER	4.00	Director	$0	$0	$0
BRIAN PIENINCK	BOARD MEMBER	4.00	Director	$0	$0	$0
M CAROL PIGOTT	BOARD MEMBER	4.00	Director	$0	$0	$0
JAMES REED	BOARD MEMBER	4.00	Director	$0	$0	$0
JEFFREY ROE	BOARD MEMBER	4.00	Director	$0	$0	$0
JEFF RUSSELL	BOARD MEMBER (START 06/26/23)	4.00	Director	$0	$0	$0
MARK RUSZCZYK	BOARD MEMBER	4.00	Director	$0	$0	$0
TODD SHAMASH	BOARD MEMBER	4.00	Director	$0	$0	$0
JARED SHORT	BOARD MEMBER	4.00	Director	$0	$0	$0
MAURICE SMITH	BOARD MEMBER	4.00	Director	$0	$0	$0
TUNDE SOTUNDE	BOARD MEMBER	4.00	Director	$0	$0	$0
GARY ST HILAIRE	BOARD MEMBER	4.00	Director	$0	$0	$0
ERIN STUCKY	BOARD MEMBER	4.00	Director	$0	$0	$0
DR STEVEN UDVARHELYI	BOARD MEMBER	4.00	Director	$0	$0	$0
TIM VINES	BOARD MEMBER	4.00	Director	$0	$0	$0
MARTHA WOFFORD	BOARD MEMBER	4.00	Director	$0	$0	$0
JENNIFER VACHON	EXECUTIVE VICE PRESIDENT	40.00	Officer	$1,829,407	$296,343	$2,125,750
SEAN ROBBINS	EXECUTIVE VICE PRESIDENT	40.00	Officer	$1,357,164	$363,246	$1,720,410
KARI HEDGES	SENIOR VICE PRESIDENT	40.00	Officer	$1,134,849	$183,704	$1,318,553
LACHLAN TIDMARSH	SENIOR VICE PRESIDENT	40.00	Officer	$1,058,098	$163,538	$1,221,636
WILLIAM NEHS	SENIOR VICE PRESIDENT	40.00	Officer	$1,006,003	$185,080	$1,191,083
ADAM MYERS	SENIOR VP & CCTO (END 04/03/23)	40.00	Officer	$991,850	$41,248	$1,033,098
CHRISTINA FISHER	EXECUTIVE VICE PRESIDENT & CFO	40.00	Officer	$915,677	$222,222	$1,137,899
LYNN MERRITT	SVP AND CHIEF HR OFFICER	40.00	Officer	$806,728	$86,833	$893,561
JOHN BANTA	VP INVESTMENTS & NEBA	40.00	Officer	$711,735	$330,639	$1,042,374
MARK TALLUTO	VICE PRESIDENT	40.00	Officer	$711,349	$95,433	$806,782
CHRISTOPHER LUGO	VP & CHIEF INFO SEC OFFICER	40.00	Officer	$668,245	$151,419	$819,664
DAVID MERRITT	SVP POLICY AND ADVOCACY	40.00	Officer	$616,812	$89,058	$705,870
DAVID YODER	SVP FEDERAL EMPLOYEE PROGRAM	40.00	Officer	$562,640	$130,794	$693,434
RICHARD CULLEN	VICE PRESIDENT	40.00	Officer	$533,981	$76,659	$610,640
KELLY WILLIAMS	VICE PRESIDENT	40.00	Officer	$529,295	$96,580	$625,875
KRIS HALTMEYER	VICE PRESIDENT	40.00	Officer	$520,934	$98,897	$619,831
KEYSHA BROOKS-COLEY	VICE PRESIDENT ADVOCACY	40.00	Officer	$500,757	$55,549	$556,306
ERIN BARNEY	VICE PRESIDENT	40.00	Officer	$493,691	$102,247	$595,938
ERIC WILKERSON	VP STRATEGY PSHIP & DEVELOPMENT	40.00	Officer	$478,118	$92,385	$570,503
ANURAG VOLETI	VICE PRESIDENT (END 12/29/23)	40.00	Officer	$469,970	$91,279	$561,249
MELISSA MASIELLO ROTUNNO	VICE PRESIDENT	40.00	Officer	$436,567	$77,240	$513,807
KATIE MCBREEN	VICE PRESIDENT	40.00	Officer	$431,196	$101,935	$533,131
JOHN JOYCE JR	VICE PRESIDENT	40.00	Officer	$418,989	$93,734	$512,723
REBECCA D'AMICO	VICE PRESIDENT	40.00	Officer	$406,271	$62,366	$468,637
REED MELTON	VICE PRESIDENT (END 12/29/23)	40.00	Officer	$393,666	$65,418	$459,084
ANSHUMAN CHOUDHRI	VICE PRESIDENT	40.00	Officer	$384,976	$60,830	$445,806
BRAD LUBRANT	VICE PRESIDENT	40.00	Officer	$371,606	$94,563	$466,169
SONDRA IMPERATI	VICE PRESIDENT	40.00	Officer	$252,894	$49,109	$302,003
JEFFREY BERTA	VICE PRESIDENT (END 1/31/23)	40.00	Officer	$212,371	$37,173	$249,544
BRIAN BAUER	VP APP. SOLUTIONS (START 7/3/23)	40.00	Officer	$192,213	$53,041	$245,254
RAZIA HASHMI	VICE PRESIDENT (START 9/29/23)	40.00	Officer	$107,534	$15,614	$123,148
DENISE SCHOFIELD	ED DATA STRATEGY	40.00	Highest	$374,239	$11,926	$386,165
PATRICIA TAYLOR	ED IT INFO ENTERPRISE ARCHITECTURE	40.00	Highest	$358,200	$22,111	$380,311
JAMES BARKACH	ED STRATEGIC SRVCS GROUP PURCHASING	40.00	Highest	$345,583	$42,251	$387,834
CATHERINE LEVENTIS	CHIEF GROWTH OFFICER	40.00	Highest	$342,167	$19,628	$361,795
DARIN ROTHERT	ED FEP PROGRAM INTEGRITY	40.00	Highest	$328,060	$45,212	$373,272
WILLIAM BRESKIN	FORMER SENIOR VP (END 12/31/22)	0.00		$430,910	$35,020	$465,930
JUSTINE HANDELMAN	FORMER SENIOR VP (END 6/16/22)	0.00		$162,500	$0	$162,500
JULIE KOEWLER	FORMER VICE PRESIDENT (END 12/20/22)	0.00		$117,312	$22,806	$140,118
MAUREEN SULLIVAN	FORMER SENIOR VICE PRESIDENT	0.00		$237,722	$17,977	$255,699
ROBERT KOLODGY	FORMER EXECUTIVE VP (END 10/31/21)	0.00		$146,114	$0	$146,114
SCOTT SEROTA	FORMER PRESIDENT & CEO (END 1/4/21)	40.00		$154,652	$0	$154,652
JODY VOSS	FORMER VICE PRESIDENT (END 2018)	40.00		$185,616	$0	$185,616

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	$819,123,548	$797,976,234	$1,126,787,082	$21,147,314
2022	$755,791,525	$697,934,609	$1,027,832,993	$57,856,916
2021	$779,983,196	$705,382,676	$823,249,199	$74,600,520
2020	$672,909,630	$661,065,961	$1,101,136,173	$11,843,669
2019	$695,794,709	$659,070,100	$872,476,835	$36,724,609
2018	$606,168,219	$602,641,023	$795,746,293	$3,527,196

BLUE CROSS BLUE SHIELD ASSOCIATION