CAPITAL DISTRICT PHYSICIANS' HEALT… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

PAUL KAHLON

Phone

5186414085

Tax Period

2023-01-01 to 2023-12-31

CAPITAL DISTRICT PHYSICIANS' HEALTH PLAN INC, founded in 1984, is a large national nonprofit that reported $2.0B in total revenue in fiscal year 2023.

Mission

CDPHP PROVIDES QUALITY HEALTH CARE AT A REASONABLE COST FOR CDPHP MEMBERS AND OPERATES AS A MODEL FOR THE DELIVERY, FINANCING, AND ADMINISTRATION OF HEALTH CARE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $618,617,241 Revenue: $605,478,949

CDPHP PROVIDES HEALTH CARE BENEFITS TO EMPLOYER GROUP MEMBERS AND INDIVIDUALS IN OUR COMMUNITY. AS OF DECEMBER 31, 2023, 73,614 MEMBERS WERE ENROLLED IN COMMERCIAL PRODUCTS.

Program 2

Expenses: $619,160,062 Revenue: $729,093,116

CDPHP'S MEDICAID, HARP, AND ESSENTIAL PLANS PROVIDE HEALTH CARE BENEFITS TO 114,474 MEMBERS IN NEW YORK STATE.

Program 3

Expenses: $606,572,348 Revenue: $644,803,639

CDPHP'S MEDICARE PROGRAM PROVIDES HEALTH CARE BENEFITS TO 44,339 MEMBERS IN NEW YORK STATE.

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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 $2,029,134,818

Investment Income $6,845,328

Other Revenue $0

TOTAL REVENUE $2,035,980,146

Expense Breakdown

Grants Paid $346,517

Salaries & Benefits $130,763,384

Fundraising Expenses $0

Program Expenses $1,901,493,902

Other Expenses $90,229,230

TOTAL EXPENSES $1,981,536,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,035,980,146	$2,044,552,285	0.0%
Expenses	$1,981,536,225	$2,069,745,086	0.0%
Net Income	$54,443,921	$-25,192,801	-3.2%

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

1485

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

$209,489

Total Directors

$816,497

Key Employees

$6,477,884

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADETUTU ADETONA MD	DIRECTOR	4.00	Director	$42,802	$0	$42,802
BRIAN SHERIDAN MD	DIRECTOR	8.30	Director	$62,252	$0	$62,252
TODD DOYLE MD	DIRECTOR	4.30	Director	$45,352	$0	$45,352
MICHAEL CASTELLANA	DIRECTOR	7.80	Director	$67,452	$0	$67,452
SUSAN SCRIMSHAW PHD	SECRETARY	10.20	Officer Director	$36,683	$0	$36,683
CARMEN MAZZOTTA	TREASURER OF THE BOARD	6.70	Officer Director	$62,002	$0	$62,002
JOSEPH POLITO II MD	VICE CHAIRMAN OF THE BOARD	6.50	Officer Director	$34,552	$0	$34,552
LEE MCELROY	DIRECTOR	4.60	Director	$44,802	$0	$44,802
MICHAEL DEVITO MD	CHAIRMAN OF THE BOARD	1.60	Officer Director	$76,252	$0	$76,252
GERALD JENNINGS	DIRECTOR	8.30	Director	$69,652	$0	$69,652
JANINE JURKOWSKI	DIRECTOR	2.70	Director	$17,719	$0	$17,719
GREGORY SERIO	DIRECTOR	8.10	Director	$68,502	$0	$68,502
HOLLY K CLENEY MD	DIRECTOR	4.80	Director	$21,433	$0	$21,433
PATRICK TIMMINS III MD	DIRECTOR	3.80	Director	$39,352	$0	$39,352
REBECCA KEIM MD	DIRECTOR	4.30	Director	$10,250	$0	$10,250
AMY JOHNSON	DIRECTOR	9.20	Director	$73,452	$0	$73,452
CINDY CHAN MDCM	DIRECTOR	5.40	Director	$25,069	$0	$25,069
VINCENT CARSILLO II DO	DIRECTOR	3.20	Director	$18,919	$0	$18,919
KATHRYN DECKER	SVP PEOPLE AND CULTURE CHR	40.00	Key Emp	$535,477	$46,787	$582,264
BRIAN O'GRADY	PRESIDENT - HEALTH PLANS M	40.00	Key Emp	$792,211	$37,393	$829,604
JOHN D BENNETT MD	CEO/PRESIDENT	40.00	Key Emp	$1,395,017	$32,643	$1,427,660
ELIZABETH WARNER	EVP CHIEF MEDICAL O	40.00	Key Emp	$624,395	$41,787	$666,182
PAUL KAHLON	EVP FINANCE AND CFO	40.00	Key Emp	$562,488	$36,157	$598,645
JOHN LUTZ	EVP/INTEGRATED DEL SYS	40.00	Key Emp	$955,547	$21,880	$977,427
EILEEN WOOD	EVP PHARMACY SERVICES/CPO	40.00	Key Emp	$689,422	$38,393	$727,815
MARY JANE BENDON COUCH	EVP GENERAL COUNSEL	40.00	Key Emp	$624,451	$43,836	$668,287
PATRICIA LUSHKEVICH	SVP INTERNAL OPERATIONS	40.00	Highest	$545,375	$43,837	$589,212
BRUCE E COPLIN MD	SVP SPECIALTY TRANSFORMATI	40.00	Highest	$553,779	$31,300	$585,079
NICHOLAS KRAFT	SVP CHIEF GROWTH OFFICER	40.00	Highest	$487,987	$48,902	$536,889
TANVIR KHAN	SVP/TECHNOLOGY DATA AND ANALYTICS	40.00	Highest	$506,345	$38,072	$544,417
VANESSA BOBB	VP BEHAVIORAL HEALTH AND MEDICAL	40.00	Highest	$493,304	$41,412	$534,716
BETHANY SMITH	FORMER EVP FINANCE AND CFO	0.00		$287,862	$873	$288,735
BARBARA DOWNS	FORMER EVP CORP ADMIN/COO	0.00		$624,445	$604	$625,049
ROBERT HINCKLEY	FORMER EVP STRATEGY COMM A	0.00		$403,084	$1,025	$404,109
FREDERICK GALT ESQ	FORMER EVP GENERAL COUNSEL	0.00		$394,376	$1,434	$395,810
ANTHONY MARINELLO	FORMER EVP CHIEF MEDICAL O	0.00		$455,548	$1,212	$456,760
MICHAEL RENZI	FORMER PRESIDENT - HEALTHC	0.00		$691,710	$1,559	$693,269

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	$2,035,980,146	$1,981,536,225	$588,027,141	$54,443,921
2022	$2,044,552,285	$2,069,745,086	$629,458,696	$-25,192,801
2021	$1,909,442,378	$1,948,052,467	$743,367,236	$-38,610,089
2020	$1,749,273,300	$1,777,852,843	$778,008,144	$-28,579,543
2019	$1,610,134,034	$1,592,330,440	$671,719,138	$17,803,594
2018	$1,519,962,941	$1,477,007,828	$623,455,338	$42,955,113

CAPITAL DISTRICT PHYSICIANS' HEALTH PLAN INC