ASPIRE HEALTH PLAN

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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

2012

Legal Domicile

Principal Officer

LAURA MCMAHON

Phone

8315744938

Tax Period

2024-01-01 to 2024-12-31

ASPIRE HEALTH PLAN, founded in 2012, is a major nonprofit in the Health Care sector that reported $146.0M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $167.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

SOCIAL WELFARE THROUGH THE PROVISION OF HEALTH INSURANCE.

Program Service Accomplishments

Program 1

Expenses: $104,317,733 Revenue: $103,201,208

INSURANCE CLAIMS EXPENDITURES FOR 7,440 MEDICARE ADVANTAGE BENEFICIARIES.

Program 2

Expenses: $33,634,404 Revenue: $32,758,001

INSURANCE CLAIMS EXPENDITURES FOR COMMERCIAL PLAN BENEFICIARIES.

Program 3

Expenses: $14,771,735 Revenue: $1,868,424

ADMINISTRATIVE EXPENDITURES FOR 6,164 MEDICARE ADVANTAGE BENEFICIARIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,667,148

Program Service Revenue $141,604,706

Investment Income $729,103

Other Revenue $0

TOTAL REVENUE $146,000,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,375,801

Fundraising Expenses $0

Program Expenses $158,406,391

Other Expenses $152,119,782

TOTAL EXPENSES $167,495,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,000,957	$127,086,474	+0.1%
Expenses	$167,495,583	$136,509,776	+0.2%
Net Income	$-21,494,626	$-9,423,302	+1.3%

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

110

Volunteers

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

$4,931,445

Total Directors

$4,853,789

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN PACKER MD	PRESIDENT & CEO	1.00	Officer Director	$0	$633,933	$2,566,012
MARK CARVALHO MD	DIRECTOR	1.00	Director	$0	$128,182	$920,378
TYLER MUNSON	CEO OF ASPIRE/SECRETARY	55.00	Officer Director	$0	$97,441	$746,843
MICHAEL MCGLUE MD	DIRECTOR	1.00	Director	$0	$53,334	$620,556
JOHN O'BRIEN	CHAIR	1.00	Officer Director	$0	$0	$0
RYAN EDWARDS	VICE CHAIR (THRU 12/24)	1.00	Officer Director	$0	$0	$0
DAVID AWERBUCK MD	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE CARSON	DIRECTOR	1.00	Director	$0	$0	$0
REGINA GAGE	DIRECTOR (THRU 12/24)	1.00	Director	$0	$0	$0
LESLIE HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
GREGG KANTER MD	DIRECTOR	1.00	Director	$0	$0	$0
TONY PRUTHI MD	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN RADNER MD	DIRECTOR	1.00	Director	$0	$0	$0
GARY RAY	DIRECTOR	1.00	Director	$0	$0	$0
VICTORY REY JR	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MORGAN	VP OF FINANCE/CFO	8.00	Officer	$0	$163,123	$976,231
LIZ LORENZI	VP/COO	55.00	Officer	$0	$84,965	$642,359
MELISSA HALL	COO	55.00	Highest	$442,162	$57,202	$499,364
CAMMIE FLORES - DIRECTOR	OF CARE MANAGEMENT (THRU 11/24)	40.00	Highest	$289,304	$50,684	$339,988
TINA LAMAA	ASPIRE PHARMACY DIRECTOR	40.00	Highest	$286,910	$46,714	$333,624
KELLIE VERDUGO	DIRECTOR OF UTILIZATION MANAGEMENT	40.00	Highest	$232,304	$53,900	$286,204
GUEZ GHISLAINE	CHIEF MEDICAL OFFICER	55.00	Highest	$421,943	$43,496	$465,439

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	$146,000,957	$167,495,583	$33,003,837	$-21,494,626
2023	$127,086,474	$136,509,776	$31,266,095	$-9,423,302
2022	$95,139,010	$106,596,359	$23,588,300	$-11,457,349
2021	$76,415,009	$87,587,195	$18,926,964	$-11,172,186
2020	$68,333,650	$74,478,074	$11,937,116	$-6,144,424
2019	$47,351,883	$58,470,619	$12,873,908	$-11,118,736
2018	$35,507,776	$45,548,406	$5,910,816	$-10,040,630