Sharp Health Plan

EIN: 330519730

San Diego, CA

Total Revenue
$1,030,937,662
Total Expenses
$995,362,709
Total Assets
$331,009,264
Net Assets
$245,883,749
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CA
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 a health maintenance organization and by provision of other managed health care services. To support the charitable and community oriented mission and programs of the Sharp Healthcare system. To do generally all things and transact all business which any person or individual may lawfully do, not inconsistent with the purposes of the corporation or with the rights and purposes of a nonprofit organization.

Program Service Accomplishments

Program 1
Expenses: $957,973,878 Revenue: $1,021,670,839

Sharp Health Plan (SHP) offers a wide variety of commercial benefit plans to businesses in San Diego and Southern Riverside Counties. SHP is a San Diego based commercial health plan and as a...

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Sharp Health Plan (SHP) offers a wide variety of commercial benefit plans to businesses in San Diego and Southern Riverside Counties. SHP is a San Diego based commercial health plan and as a not-for-profit enterprise, we are here for one simple reason: to serve our members since 1992. Sharp Health Plan offers a variety of health insurance options for individuals, families and businesses that combine affordability and choice, while delivering high quality health care and personal service. Members have access to valuable plan enhancements, such as interactive wellness resources, dental discounts, Sharp Nurse Connection and our exclusive global emergency services program. In 2013, Sharp Health Plan was selected as one of 13 health plans to participate in Covered California's individual marketplace and one of six health plans to participate in Covered California's Small Business Health Options Program ("SHOP") marketplace for small businesses. See Community Benefits Report Summary on Schedule O.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
2
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
5
$4,730,090
Total Directors
9
$8,001,973
Key Employees
3
$1,549,972
Highest Compensated
5
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
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