HEALTH FIRST HEALTH PLANS INC (EIN 472736029) - 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

2015

Legal Domicile

Principal Officer

TERRY L FORDE

Phone

3214345150

Tax Period

2023-10-01 to 2024-09-30

HEALTH FIRST HEALTH PLANS INC, founded in 2015, is a major nonprofit in the Health Care sector that reported $509.0M in total revenue in fiscal year 2023. Expenses of $488.5M left a modest 4% surplus.

Mission

WE EXIST TO IMPROVE THE HEALTH AND WELLNESS OF THE COMMUNITIES WE SERVE.

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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 $502,332,068

Investment Income $6,699,365

Other Revenue $0

TOTAL REVENUE $509,031,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,740,427

Fundraising Expenses $0

Program Expenses $463,370,173

Other Expenses $450,725,905

TOTAL EXPENSES $488,466,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$509,031,433	$474,117,673	+0.1%
Expenses	$488,466,332	$463,244,049	+0.1%
Net Income	$20,565,101	$10,873,624	+0.9%

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

N/A

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

$3,152,145

Total Directors

$2,748,696

Key Employees

$412,650

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT A ESROCK	EXEC CFO/COO TREASURER END 7/15/2024	4.00	Officer Director	$0	$28,047	$1,008,497
MATTHEW F GERRELL	SR VP CEO HEALTH PLANS	14.00	Officer Director	$0	$31,656	$779,177
FRANK S LETHERBY	SR VP COMMUNITY HS /DIRECTOR END 8/8/2024	1.00	Director	$0	$29,647	$794,306
DALE A DETTMER ESQ	DIRECTOR	1.00	Director	$0	$0	$14,956
ALAN L PRESTWOOD	DIRECTOR	1.00	Director	$0	$0	$151,760
KIM K PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS W ROMANELLO ESQ	SECRETARY	4.00	Officer	$0	$30,967	$848,197
TAYLOR K SMITH	INTERIM CEO HFI END 8/5/2024	4.00	Officer	$0	$0	$516,274
TERRY L FORDE	PRESIDENT/CEO BEG. 8/5/2024	4.00	Officer	$0	$0	$0
KRISTEN M PULIO	EXECUTIVE VP CFO BEG. 9/23/2024	4.00	Officer	$0	$0	$0
JOSHUA P PULVER	VP CFO HFHP	22.00	Key Emp	$0	$28,578	$412,650
STEVEN P JOHNSON	FORMER CHAIR/PRESIDENT/CEO HFI	0.00		$0	$20,932	$1,724,795
DREW A RECTOR	FORMER EVP CSO/VC	0.00		$0	$27,757	$1,223,538
MICHAEL A SCIALDONE	FORMER EVP/CFO HFI/SEC/TREA	0.00		$0	$20,263	$819,729
ROBERT K HENRY	FORMER DIRECTOR	0.00		$0	$0	$19,875

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
2024	$509,031,433	$488,466,332	$206,151,613	$20,565,101
2023	$474,117,673	$463,244,049	$269,740,164	$10,873,624
2022	$436,699,223	$437,275,721	$241,150,589	$-576,498
2021	$451,804,198	$439,838,374	$176,410,066	$11,965,824
2020	$467,467,756	$458,805,860	$185,369,255	$8,661,896
2019	$443,031,050	$422,499,795	$174,603,605	$20,531,255
2018	$394,645,047	$375,544,987	$152,679,009	$19,100,060

HEALTH FIRST HEALTH PLANS INC