VIRGINIA PREMIER HEALTH PLAN INC (EIN 541760974) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

DENNIS A MATHEIS

Phone

7574557020

Tax Period

2023-01-01 to 2023-06-30

Virginia Premier Health Plan Inc, founded in 2010, is a large national nonprofit that reported $1.4B in total revenue in fiscal year 2017. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO ENSURE OUR MEMBERS RECEIVE THE HIGHEST QUALITY MEDICAL SERVICES, OUR GOAL IS TO IMPROVE THE HEALTH STATUS OF OUR MEMBERSHIP.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,448,059,312

Investment Income $6,547,840

Other Revenue $0

TOTAL REVENUE $1,454,607,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,358,093,575

Other Expenses $1,387,458,263

TOTAL EXPENSES $1,387,458,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,454,607,152	$2,781,171,218	-0.5%
Expenses	$1,387,458,263	$2,669,863,225	-0.5%
Net Income	$67,148,889	$111,307,993	-0.4%

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

$5,599,133

Total Directors

$9,886,141

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT A BROERMANN	DIRECTOR	1.00	Director	$0	$83,099	$1,973,161
DENNIS A MATHEIS	DIRECTOR/PRESIDENT	5.00	Officer Director	$0	$49,232	$4,455,531
JORDAN R ASHER MD	DIRECTOR	1.00	Director	$0	$123,465	$1,604,361
PATRICIA DARNLEY	DIRECTOR	1.00	Director	$0	$92,757	$725,615
COLIN DROZDOWSKI	DIRECTOR	4.00	Director	$0	$103,809	$1,126,304
ROBERT C FORT	DIRECTOR	1.00	Director	$0	$0	$0
CATHIE J VICK	DIRECTOR	1.00	Director	$0	$0	$0
J LES HALL	DIRECTOR	1.00	Director	$0	$0	$1,169
JEFF C SNYDER	TREASURER	2.00	Officer	$0	$82,990	$313,879
EARL J BARNES II	SECRETARY	1.00	Officer	$0	$124,188	$829,723
LINDA T HINES	FORMER OFFICER AND KE	0.00		$0	$28,067	$327,826
TIMOTHY E CARPENTER	FORMER OFFICER AND KE	0.00		$0	$22,370	$171,062
MEGAN R PERRY	FORMER OFFICER	0.00		$0	$95,640	$1,124,432
LOUIS PATALANO IV	FORMER OFFICER	0.00		$0	$7,117	$187,084
PETER PAVELL	FORMER KE	0.00		$0	$27,825	$270,594
ERIC WILSON	FORMER KE	0.00		$0	$23,204	$214,767
RANDY DOVEL	FORMER KE	0.00		$0	$21,072	$152,994
JAMIE MCPHERSON	FORMER KE	0.00		$0	$28,817	$203,610
RICHARD GORDON	FORMER KE	0.00		$0	$11,120	$154,365
MARK MATTINGLY	FORMER KE	0.00		$0	$14,149	$280,221

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
2023	$1,454,607,152	$1,387,458,263	No data	$67,148,889
2022	$2,781,171,218	$2,669,863,225	$642,649,249	$111,307,993
2021	$2,397,125,715	$2,313,091,521	$777,728,605	$84,034,194
2020	$1,137,976,965	$1,119,551,701	$749,956,030	$18,425,264
2020	$2,185,804,321	$1,952,258,785	$597,588,792	$233,545,536
2019	$1,735,765,344	$1,792,143,648	$440,107,533	$-56,378,304
2018	$1,377,543,858	$1,398,190,189	$405,385,087	$-20,646,331

VIRGINIA PREMIER HEALTH PLAN INC