HEALTH PARTNERS PLANS INC (EIN 232379751) - Form 990 Financial Analysis & Trantor Score

🔒

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

1987

Legal Domicile

Principal Officer

DENISE M NAPIER

Phone

2159914180

Tax Period

2023-01-01 to 2023-12-31

HEALTH PARTNERS PLANS INC, founded in 1987, is a large national nonprofit that reported $2.5B in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

LICENSED HMO COMMITTED TO BUILDING HEALTHIER LIVES AND STRONGER COMMUNITIES.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,511,446,566

Investment Income $22,476,121

Other Revenue $0

TOTAL REVENUE $2,533,922,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,390,471

Fundraising Expenses $0

Program Expenses $2,008,181,501

Other Expenses $2,375,356,890

TOTAL EXPENSES $2,486,747,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,533,922,687	$2,146,673,179	+0.2%
Expenses	$2,486,747,361	$2,106,966,742	+0.2%
Net Income	$47,175,326	$39,706,437	+0.2%

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

1068

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

$3,760,897

Total Directors

$1,230,123

Key Employees

$505,663

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise M Napier RN	President & CEO	40.0	Officer	$1,299,311	$139,163	$1,438,474
Joseph T Brand	COO & SVP NEW BUS (TERM 7/23)	40.0	Officer	$868,942	$42,314	$911,256
Kevin Clancy	SVP & CFO	40.0	Officer	$658,126	$83,321	$741,447
Christopher McTiernan	CHIEF OPERATING OFF (EFF 7/23)	40.0	Officer	$597,316	$60,104	$657,420
Katherine A Behan MD	Director (TERM 2/23)	55.0	Director	$0	$17,402	$620,925
Anna Flattau MD	Director	55.0	Director	$0	$13,212	$573,885
Johnna W Baker Esq	Chief Legal Officer	40.0	Highest	$481,140	$70,437	$551,577
Carol Potts	SVP HEALTH CARE DATA ANALYTICS	40.0	Highest	$500,413	$49,152	$549,565
Daniel Paquin	CSO & CTO (TERM 7/23)	40.0	Highest	$475,016	$42,281	$517,297
Catherine Bird	CHIEF ADMIN. & DIVERSITY OFF.	40.0	Key Emp	$437,180	$68,483	$505,663
Kearline Jones LLD	VP GOVT AFFAIRS&STATE PROG MGR	40.0	Highest	$437,932	$46,303	$484,235
Eugene T Diebold	VP Finance	40.0	Highest	$399,739	$43,672	$443,411
Ramesh J Vangala	Former Key Employee	40.0		$269,394	$19,606	$289,000
Clarence Armbrister	Director	5.0	Director	$13,213	$0	$13,213
Loree D Jones	Vice Chair - Director	5.0	Officer Director	$12,300	$0	$12,300
Cynthia Figueroa	Director	5.0	Director	$9,800	$0	$9,800
Joseph G Cacchione MD	Chair - Director	60.0	Officer Director	$0	$0	$0
John Mordach	Treasurer-Director (EFF 6/23)	55.0	Officer Director	$0	$0	$0
Baligh Yehia MD	Director	55.0	Director	$0	$0	$0
Michael B Walsh	Treasurer-Director (TERM 6/23)	55.0	Officer Director	$0	$0	$0
Kenneth D Levitan	Director (TERM 2/23)	55.0	Director	$0	$0	$0
CRISTINA G CAVALIERI ESQ	SECRETARY	60.0	Officer	$0	$0	$0

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	$2,533,922,687	$2,486,747,361	$812,680,598	$47,175,326
2022	$2,146,673,179	$2,106,966,742	$782,878,996	$39,706,437
2021	$1,902,227,889	$1,872,264,904	$651,760,882	$29,962,985
2020	$1,795,543,344	$1,793,677,418	$618,664,524	$1,865,926
2019	$1,790,181,576	$1,801,474,169	$681,218,101	$-11,292,593
2018	$1,968,019,081	$1,936,272,867	$569,673,685	$31,746,214

HEALTH PARTNERS PLANS INC