Sharp Health Plan (EIN 330519730) - 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

1992

Legal Domicile

Phone

8584998391

Tax Period

2023-10-01 to 2024-09-30

Sharp Health Plan, founded in 1992, is a large national nonprofit that reported $1.0B in total revenue in fiscal year 2023. Expenses of $995.4M left a modest 3% surplus.

Mission

TO PROMOTE THE HEALTH AND TO SERVE THE COMMUNITY INTERESTS OF THE RESIDENTS OF CALIFORNIA, BY OPERATION OF THE HEALTH MAINTENANCE ORGANIZATION AND BY THE PROVISION OF OTHER MANAGED HEALTH CARE SERVICES.

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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 $1,021,670,839

Investment Income $9,266,823

Other Revenue $0

TOTAL REVENUE $1,030,937,662

Expense Breakdown

Grants Paid $61,738

Salaries & Benefits $40,251,968

Fundraising Expenses $0

Program Expenses $957,973,878

Other Expenses $955,049,003

TOTAL EXPENSES $995,362,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,030,937,662	$968,135,050	+0.1%
Expenses	$995,362,709	$945,992,249	+0.1%
Net Income	$35,574,953	$22,142,801	+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

281

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

$4,730,090

Total Directors

$8,001,973

Key Employees

$1,549,972

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alison Fleury	SECRETARY, SVP BUSINESS DEVELOPMENT	2.0	Officer Director	$0	$25,041	$785,198
Christopher D Howard	CHAIRMAN, PRESIDENT & CEO SHC	2.0	Officer Director	$0	$17,675	$2,467,123
Melissa Hayden-Cook	VICE CHAIR, PRESIDENT & CEO-SHP	47.0	Officer Director	$0	$24,697	$1,024,132
Susan Green	TREASURER AS OF 03/27/2024	2.0	Officer Director	$0	$0	$0
Alan Bier MD	DIRECTOR AS OF 12/04/2023	2.0	Director	$0	$0	$0
Brett G McClain	DIRECTOR, CHIEF OPERATING OFFICER SHC	1.0	Director	$0	$17,675	$1,672,971
John Lemoine MD	CHIEF MEDICAL INFO OFFICER	1.0	Director	$0	$31,605	$708,545
Michael Reagin	DIRECTOR THRU 05/10/2024, SVP CIIO SHC	2.0	Director	$0	$17,675	$1,344,004
Sergio Flores MD	DIRECTOR AS OF 12/04/2023	6.0	Director	$0	$0	$0
Rita Datko	CFO SHP	50.0	Officer	$0	$48,673	$453,637
Cary Shames	CMO SHP	50.0	Key Emp	$0	$31,913	$687,489
Leslie Pels-Beck	COO SHP	60.0	Key Emp	$0	$46,027	$422,738
Michael Byrd	BUSINESS DEVELOPMENT OFFICER	55.0	Key Emp	$0	$42,882	$439,745
Bahareh Khavarian	MEDICAL DIRECTOR	40.0	Highest	$0	$24,435	$357,335
Gregory Limon	CHIEF ADMINISTRATIVE OFFICER	50.0	Highest	$0	$23,469	$299,339
Lisa Arian	SR MEDICAL DIRECTOR	55.0	Highest	$0	$34,201	$438,678
Robert Peters	PHYSICIAN REVIEWER	40.0	Highest	$0	$23,225	$295,211
Zachary Contreras	DIR PHARMACY BENEFITS	40.0	Highest	$0	$32,663	$309,927
Staci L Dickerson	FORMER OFFICER	0.0		$0	$24,847	$983,119

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	$1,030,937,662	$995,362,709	$331,009,264	$35,574,953
2023	$968,135,050	$945,992,249	$285,264,526	$22,142,801
2022	$918,722,197	$900,273,991	$266,652,371	$18,448,206
2021	$875,353,493	$852,850,698	$261,289,169	$22,502,795
2020	$844,861,105	$822,964,401	$232,256,653	$21,896,704
2019	$789,103,336	$766,100,071	$173,106,073	$23,003,265
2018	$727,803,018	$724,583,114	$157,690,846	$3,219,904

Sharp Health Plan