KAISER FOUNDATION HEALTH PLAN OF GEORGIAINC

EIN: 581592076 501(c)(3) Health Care

OAKLAND, CA

Total Revenue
$2,600,838,082
Total Expenses
$2,683,175,593
Total Assets
$976,273,320
Net Assets
$-1,543,430,795
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
GA
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.

Program Service Accomplishments

Program 1
Expenses: $2,444,429,281 Revenue: $2,574,341,169

MEMBER HEALTH CARE SERVICES AND MEDICAL TRAINING FOR CARE IMPROVEMENT KAISER FOUNDATION HEALTH PLAN OF GEORGIA, INC. (KFHP-GA) PROVIDES MEDICAL AND SURGICAL CARE, INCLUDING URGENT CARE SERVICES...

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MEMBER HEALTH CARE SERVICES AND MEDICAL TRAINING FOR CARE IMPROVEMENT KAISER FOUNDATION HEALTH PLAN OF GEORGIA, INC. (KFHP-GA) PROVIDES MEDICAL AND SURGICAL CARE, INCLUDING URGENT CARE SERVICES, EXTENDED CARE AND HOME HEALTH CARE, FOR ITS MEMBERS WITHOUT REGARDS TO AGE, SEX, RACE, RELIGION OR NATIONAL ORIGIN OR THE ABILITY TO PAY. KFHP-GA EDUCATES AND TRAINS MEDICAL STUDENTS AND OTHER HEALTH CARE PROFESSIONALS AND PROMOTES SCIENTIFIC AND NURSING EDUCATION IN ORDER TO IMPROVE CARE FOR OUR MEMBERS AND OUR COMMUNITY. KFHP-GA DIRECTLY INVESTS IN IMPROVEMENTS IN COMMUNITY HEALTH BY WORKING TO INCREASE ACCESS TO HEALTH CARE, IMPROVING THE CONDITIONS FOR HEALTH AND EQUITY AND PROVIDING HEALTH EDUCATION.

Program 2
Expenses: $46,058,631 Revenue: $0

CHARITY CARE (MEDICAL FINANCIAL ASSISTANCE AND CHARITABLE HEALTH COVERAGE) KAISER FOUNDATION HEALTH PLAN OF GEORGIA (KFHP-GA) PROVIDES CHARITY CARE TO LOW INCOME VULNERABLE PATIENTS THROUGH THE...

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CHARITY CARE (MEDICAL FINANCIAL ASSISTANCE AND CHARITABLE HEALTH COVERAGE) KAISER FOUNDATION HEALTH PLAN OF GEORGIA (KFHP-GA) PROVIDES CHARITY CARE TO LOW INCOME VULNERABLE PATIENTS THROUGH THE MEDICAL FINANCIAL ASSISTANCE (MFA) AND CHARITABLE HEALTH COVERAGE (CHC) PROGRAMS. KFHP-GA OFFERS FINANCIAL ASSISTANCE THROUGH THE MFA PROGRAM TO HELP FAMILIES AND INDIVIDUALS WITH A DEMONSTRATED FINANCIAL NEED PAY FOR ALL OR PART OF THE COST OF EMERGENCY OR MEDICALLY NECESSARY CARE PROVIDED IN KAISER PERMANENTE FACILITIES AND/OR BY KAISER PERMANENTE PROVIDERS. IN 2024, THIS PROGRAM ASSISTED OVER 54,000 PEOPLE THROUGH FINANCIAL ASSISTANCE. THE CHC PROGRAM OFFERS REGULAR KAISER FOUNDATION HEALTH PLAN MEMBERSHIP AT MINIMAL COST TO LOW INCOME FAMILIES WHO ARE NOT ELIGIBLE FOR OTHER PUBLIC OR PRIVATELY SPONSORED COVERAGE. OVER 1,400 PEOPLE WERE RECEIVING COMPREHENSIVE HEALTH CARE THROUGH THIS PROGRAM AT THE END OF 2024.

Program 3
Expenses: $12,815,201 Revenue: $5,206,681

MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS KAISER FOUNDATION HEALTH PLAN OF GEORGIA (KFHP-GA) IS COMMITTED TO IMPROVING MEDICAL CARE FOR BENEFICIARIES OF MEDICAID AND OTHER GOVERNMENT SPONSORED...

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MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS KAISER FOUNDATION HEALTH PLAN OF GEORGIA (KFHP-GA) IS COMMITTED TO IMPROVING MEDICAL CARE FOR BENEFICIARIES OF MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS, NOT ONLY FOR KFHP-GA MEMBERS, BUT ALSO, WITHIN THE COMMUNITIES WE SERVE. KFHP-GA PARTICIPATES IN THE FEDERAL MEDICAID PROGRAM AS A PROVIDER OF PEDIATRIC PRIMARY AND SPECIALTY CARE THROUGH CONTRACTS WITH AMERIGROUP, PEACH STATE HEALTH PLAN, AND WELLCARE HEALTH PLANS. AT THE END OF 2024, A TOTAL OF 22,000 PEOPLE WERE RECEIVING BENEFITS THROUGH KFHP-GA'S MANAGED CARE CONTRACTS.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
2
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
17
$48,007,585
Total Directors
6
$9,479,718
Key Employees
3
$2,387,573
Highest Compensated
5
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
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