KAISER FOUNDATION HEALTH PLAN OF GEORGIAINC (EIN 581592076) - 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

1985

Legal Domicile

Principal Officer

Corwin N Harper

Phone

5102716611

Tax Period

2024-01-01 to 2024-12-31

KAISER FOUNDATION HEALTH PLAN OF GEORGIAINC, founded in 1985, is a large national nonprofit in the Health Care sector that reported $2.6B in total revenue in fiscal year 2024.

Mission

TO PROVIDE HIGH-QUALITY, AFFORDABLE HEALTH CARE SERVICES TO IMPROVE THE HEALTH OF OUR MEMBERS AND 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 (2024)

Revenue Breakdown

Contributions & Grants $3,114,245

Program Service Revenue $2,579,547,850

Investment Income $18,028,216

Other Revenue $147,771

TOTAL REVENUE $2,600,838,082

Expense Breakdown

Grants Paid $8,503,942

Salaries & Benefits $325,315,109

Fundraising Expenses $0

Program Expenses $2,512,935,005

Other Expenses $2,349,356,542

TOTAL EXPENSES $2,683,175,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,600,838,082	$2,416,805,535	+0.1%
Expenses	$2,683,175,593	$2,473,052,652	+0.1%
Net Income	$-82,337,511	$-56,247,117	+0.5%

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

3981

Volunteers

530

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

$48,007,585

Total Directors

$9,479,718

Key Employees

$2,387,573

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Adams	Chairman & CEO	4.0	Officer	$0	$186,239	$12,976,050
Kimberly Horn	EVP, Group President, MOC	3.5	Officer	$0	$795,510	$6,474,308
Janet Liang	EVP, Group President & COO	3.5	Officer	$0	$689,685	$5,011,705
Kathryn Lancaster	EVP & CFO	3.5	Officer Director	$0	$153,985	$5,004,087
Brandon Cuevas	EVP, Health Plan	4.0	Officer	$0	$842,876	$4,354,878
Vanessa Benavides	EVP,Chief Legal Officer & Secy	1.5	Officer	$0	$486,134	$2,623,191
Pamela Shipley	SVP, Health Plan Innovation	12.0	Officer Director	$0	$466,301	$2,128,599
David Thomason	SVP,Corporate Controller & CAO	3.5	Officer	$0	$90,610	$1,811,075
Thomas Meier	SVP, Corporate Treasurer	1.5	Officer	$0	$138,446	$1,640,974
Thomas Curtin	SVP, Commercial LOB	0.1	Officer Director	$0	$151,880	$1,638,349
James Simpson	SVP, Enterprise Projects	0.0		$0	$162,146	$1,625,180
Alfonse Upshaw	SVP, CFO - NCAL	0.0		$0	$220,778	$1,461,303
Heidi Veltman	VP, COO - GA	50.0	Key Emp	$0	$252,116	$1,124,749
Arthur Southam	EVP, Health Plan Ops & CGO	0.0		$0	$0	$1,120,683
Jalena Bingham	Assistant Secretary	4.0	Officer	$0	$183,003	$1,094,758
Mark Zemelman	SVP, General Counsel & Secy	0.0		$0	$799,702	$1,057,476
Julie Miller-Phipps	Regional President - SCAL & HI	0.0		$0	$0	$948,874
Ryan Jenson	Interim Corp Controller & CAO	3.5		$0	$133,533	$897,048
Eldridge Banks	VP, Human Resources - Georgia	50.0	Highest	$0	$140,262	$843,077
Kristin Bear	Assistant Secretary	4.0	Officer	$0	$188,500	$762,657
Christopher Berry	VP, Virtual Medical Center	50.0	Key Emp	$0	$193,936	$741,263
Christina Lockwood	Assistant Secretary	1.5	Officer	$0	$135,339	$697,966
Kimberee Phelps	VP, Quality - GA	50.0	Highest	$0	$166,292	$650,118
Noel Baber	VP, CFO - Georgia	49.9	Officer Director	$0	$134,294	$637,893
Kirkland McGhee	Assistant Secretary	47.0	Officer	$0	$133,137	$619,842
Anjum Khan	VP, Ambulatory Care - GA	50.0	Highest	$0	$109,329	$575,431
Donald Orndoff	SVP, NFS	0.0		$0	$0	$549,210
Sandra Harris	VP, Sales and Account Mgmt	50.0	Key Emp	$0	$126,194	$521,561
Qiana Hines-Taylor	VP, Continuum of Care	50.0	Highest	$0	$44,579	$431,797
Shelley Sweazey	VP, Strategic Implementation	50.0	Highest	$0	$30,913	$382,832
Hong-Sze Yu	VP, Brd & Corp Gov & Asst Secy	3.5	Officer	$0	$8,143	$315,232
Cherita White	Assistant Secretary	50.0	Officer	$0	$66,554	$216,021
Cheryl G Franklin MD	Director	3.0	Director	$44,027	$0	$44,027
John W Jackson	Director	2.5	Director	$26,763	$0	$26,763

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	$2,600,838,082	$2,683,175,593	$976,273,320	$-82,337,511
2023	$2,416,805,535	$2,473,052,652	$958,752,089	$-56,247,117
2022	$2,189,779,219	$2,320,277,806	$930,812,227	$-130,498,587
2021	$2,090,554,380	$2,398,541,115	$929,443,520	$-307,986,735
2020	$2,030,631,770	$2,168,287,267	$929,542,621	$-137,655,497
2019	$2,016,737,420	$2,116,748,996	$933,843,175	$-100,011,576
2018	$2,168,616,699	$2,390,315,020	$835,995,527	$-221,698,321
2016	$1,547,446,547	$1,573,887,374	$570,625,021	$-26,440,827

KAISER FOUNDATION HEALTH PLAN OF GEORGIAINC