INDEPENDENT HEALTH ASSOCIATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

MICHAEL W CROPP MD

Phone

7166313001

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT HEALTH ASSOCIATION INC, founded in 1980, is a large national nonprofit in the Health Care sector that reported $1.7B in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PROVIDES HEALTH-RELATED PRODUCTS AND SERVICES THAT ENABLE AFFORDABLE ACCESS TO QUALITY HEALTH CARE.

Program Service Accomplishments

Program 1

Expenses: $1,594,522,390 Revenue: $1,696,804,673

INDEPENDENT HEALTH ASSOCIATION (IHA) COORDINATES THE DELIVERY OF QUALITY HEALTH CARE COVERAGE THROUGH CONTRACTS WITH THE INDIVIDUAL PRACTICE ASSOCIATION OF WESTERN NEW YORK (IPAWNY), A TAXABLE...

INDEPENDENT HEALTH ASSOCIATION (IHA) COORDINATES THE DELIVERY OF QUALITY HEALTH CARE COVERAGE THROUGH CONTRACTS WITH THE INDIVIDUAL PRACTICE ASSOCIATION OF WESTERN NEW YORK (IPAWNY), A TAXABLE NON-PROFIT, FOR ITS COMMERCIAL AND MEDICARE HMO PRODUCTS WITHIN THE EIGHT COUNTIES OF WESTERN NEW YORK (WNY). IHA ALSO PROVIDES COVERAGE AND COORDINATES SERVICES TO ITS MEDICAID HMO PRODUCT (WHICH INCLUDES TRADITIONAL MEDICAID (MA) OFFERINGS, THE CHILD HEALTH PLUS (CHP) PROGRAM, AS WELL AS THE ESSENTIAL PLAN (EFFECTIVE JANUARY 1, 2016), AND THE HEALTH AND RECOVERY PLAN (HARP) (EFFECTIVE JULY 1, 2016) FOR THE ARRANGEMENT OF PHYSICIAN, HOSPITAL, MEDICALLY NECESSARY HEALTH SERVICES, DIAGNOSTIC AND PREVENTIVE HEALTH SERVICES TO THE COMMUNITIES LOCATED IN ERIE AND NIAGARA COUNTY. (SEE SCH O FOR ADDITIONAL DETAIL).

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,696,804,673

Investment Income $35,225,370

Other Revenue $689,859

TOTAL REVENUE $1,732,719,902

Expense Breakdown

Grants Paid $3,219,750

Salaries & Benefits $90,602,767

Fundraising Expenses $0

Program Expenses $1,594,522,390

Other Expenses $115,908,035

TOTAL EXPENSES $1,747,815,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,732,719,902	$1,600,418,300	+0.1%
Expenses	$1,747,815,329	$1,676,202,535	+0.0%
Net Income	$-15,095,427	$-75,784,235	-0.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

1492

Volunteers

421

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

$6,410,340

Total Directors

$3,416,297

Key Employees

$10,279,419

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL W CROPP MD	PRESIDENT (END 02/24) & CEO	32.00	Officer Director	$1,908,011	$583,975	$2,491,986
KATHLEEN MYLOTTE MD	CHAIRPERSON	10.00	Officer Director	$115,100	$0	$115,100
DANIEL B WEINTRAUB CPA	BOARD MEMBER	4.00	Director	$83,500	$8,030	$91,530
DONALD K BOSWELL	VICE CHAIRPERSON	4.00	Officer Director	$67,500	$411	$67,911
PATRICIA SMITH	BOARD MEMBER	4.00	Director	$64,750	$411	$65,161
DAVID J MCNAMARA ESQ	BOARD MEMBER	4.00	Director	$56,750	$3,597	$60,347
DANIEL GAGLIARDO	BOARD MEMBER	4.00	Director	$48,500	$10,790	$59,290
LISA MENDONZA MD	BOARD MEMBER	4.00	Director	$44,500	$10,790	$55,290
GERARD T MAZURKIEWICZ CPA	BOARD MEMBER	4.00	Director	$54,500	$411	$54,911
PAMELA D REED MD	BOARD MEMBER	4.00	Director	$54,500	$0	$54,500
DAVID PAWLOWSKI MD	BOARD MEMBER	4.00	Director	$42,500	$10,790	$53,290
FUAD SHERIFF MD	BOARD MEMBER	4.00	Director	$43,500	$8,030	$51,530
ANDREW DORN JR	BOARD MEMBER (BEG 04/24)	4.00	Director	$48,750	$0	$48,750
YVONNE S MINOR-RAGAN PHD	BOARD MEMBER	4.00	Director	$46,500	$411	$46,911
MANSI DEMLA	BOARD MEMBER	4.00	Director	$44,500	$0	$44,500
THOMAS J FOELS MD	BOARD MEMBER	4.00	Director	$44,500	$0	$44,500
ANTHONY BAYNES	BOARD MEMBER (END 4/24)	4.00	Director	$0	$10,790	$10,790
JAMES DUNLOP	TREAS, EVP CFO/PRES. (END/BEG 02/24)	33.00	Officer	$914,891	$335,008	$1,249,899
ANTHONY BILLITTIER	EVP-CHF MEDICAL OFCR	22.00	Officer	$718,300	$436,862	$1,155,162
KENNETH SODARO	SEC -EVP-GENERAL COUNSEL	26.00	Officer	$508,805	$119,851	$628,656
JARED GROSS	EVP-CFO/TREASURER (BEG 02/24)	27.00	Officer	$439,427	$18,871	$458,298
NICOLE BRITTON	VP-CHIEF COMPLIANCE OFFICER	32.00	Officer	$211,405	$31,923	$243,328
JOHN REID RODGERS	EVP-CHIEF OPERATING OFFICER	34.00	Key Emp	$1,455,354	$497,886	$1,953,240
PATRICIA C CLABEAUX	EVP-CHIEF HR OFFICER	28.00	Key Emp	$898,576	$377,220	$1,275,796
ERIC J DECKER	SVP-INFORMATION TECHNOLOGY CIO	33.00	Key Emp	$535,298	$88,413	$623,711
RICHARD M ARGENTIERI	SVP-CHIEF SALES & MARKETING OFFICER	33.00	Key Emp	$442,461	$165,249	$607,710
ROBERTA D RIFKIN	SVP-GOVT AFFAIRS & STRAT PRTNRSHPS	27.00	Key Emp	$392,814	$200,392	$593,206
CHERYL FRIEDMAN	SVP-HEALTH CARE SRVCS. (END 9/24)	21.00	Key Emp	$541,665	$27,730	$569,395
MARGARET STEFFAN	SVP-FINANCE & CAO (END 11/24)	20.00	Key Emp	$402,320	$165,147	$567,467
AMIN M SEREHALI	SVP-CHIEF DATA & ANALYTICS OFFICER	38.00	Key Emp	$455,836	$75,843	$531,679
ANTHONY MONTAGNA	SVP-CHIEF NETWORK OFFICER	29.00	Key Emp	$361,799	$137,579	$499,378
ANNE O'NEILL	SVP-CHIEF RISK OFFICER	32.00	Key Emp	$339,011	$128,059	$467,070
DAVID SHUTE	SVP-OPERATIONS - (END 11/24)	22.00	Key Emp	$406,083	$40,081	$446,164
ROBERT TRACY	SVP-GOVERNMENT PROGRAMS	33.00	Key Emp	$361,109	$77,920	$439,029
DAVE MIKA	SVP-BUSINESS SERVICES & OPERATIONS	32.00	Key Emp	$353,712	$61,356	$415,068
PETER GHIL	SVP-CHIEF ACTUARIAL OFFICER	42.00	Key Emp	$314,272	$75,756	$390,028
MIKE REILLY	SVP-CHF HC INNV. & STRAT. (END 7/24)	14.00	Key Emp	$341,893	$18,471	$360,364
PETER JABRUCKI	VP-CHIEF INFORMATION SECURITY OFFICER	32.00	Key Emp	$242,501	$44,812	$287,313
GEORGE WANDS	VP-CHIEF AUDIT OFFICER	31.00	Key Emp	$210,287	$42,514	$252,801
TIMOTHY HALEY	MEDICAL DIRECTOR-MEDICAL POLICY & UM	12.00	Highest	$377,089	$42,295	$419,384
DEIRDRE WHEAT	MED DIR-QUALITY & POP. HEALTH MGMT	19.00	Highest	$366,192	$46,681	$412,873
JOSHUA ZALEN	VP-IT SERVICE OPERATIONS	29.00	Highest	$338,141	$44,807	$382,948
JONATHAN BUROW	VP-CUST EXPERIENCE & DIGITAL TRANS	33.00	Highest	$338,627	$40,896	$379,523
LESLEY HAAK	VP-IT APPLICATION DELIVERY	30.00	Highest	$330,441	$18,723	$349,164
JOHN MINEO	FORMER OFFICER (END 04/23)	0.00		$597,516	$439	$597,955

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	$1,732,719,902	$1,747,815,329	$776,718,863	$-15,095,427
2023	$1,600,418,300	$1,676,202,535	$840,495,742	$-75,784,235
2022	$1,572,271,176	$1,558,677,842	$920,173,815	$13,593,334
2021	$1,489,183,590	$1,535,994,749	$961,041,739	$-46,811,159
2020	$1,443,585,916	$1,388,806,658	$805,543,530	$54,779,258
2019	$1,466,225,076	$1,429,152,141	$812,957,744	$37,072,935
2018	$1,419,938,474	$1,390,056,900	$716,145,017	$29,881,574