UTMB HEALTH PLANS INC

EIN: 760480012 501(c)(3) Health Care

GALVESTON, TX

Total Revenue
$436,037
Total Expenses
$378,850
Total Assets
$7,366,131
Net Assets
$7,259,915
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
TX
Principal Officer
JENNIFER B SARPALIUS
Phone
4097664000
Tax Period
2023-09-01 to 2024-08-31

UTMB HEALTH PLANS INC, founded in 2000, is a small nonprofit in the Health Care sector that reported $436K in total revenue in fiscal year 2023. Expenses of $379K left a modest 13% surplus.

Mission

UTMB HEALTH PLANS, INC. WAS ESTABLISHED TO HELP THE UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON FULFILL THE MISSION OF EDUCATION, RESEARCH AND PATIENT CARE. FULFILLING THE MISSION OF PATIENT CARE INCLUDES MAINTENANCE OF A MEDICARE SELECT INSURANCE PROGRAM. MEDICARE SELECT IS A MEDICARE SUPPLEMENTAL POLICY AVAILABLE TO RESIDENTS OF GALVESTON COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $214,462
Investment Income $221,575
Other Revenue $0
TOTAL REVENUE $436,037

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,036
Fundraising Expenses $0
Program Expenses $328,827
Other Expenses $267,814
TOTAL EXPENSES $378,850

Year-over-Year Comparison

2023 2022 Change
Revenue $436,037 $446,879 0.0%
Expenses $378,850 $321,250 +0.2%
Net Income $57,187 $125,629 -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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$930,913
Total Directors
5
$3,784,966
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES MOUTON MD DIRECTOR 1.00
Director
$0 $104,693 $1,262,605
JOCHEN REISER MD PHD CHAIR, SOLE MEMBER 1.00
Director
$0 $209,725 $659,421
JENNIFER B SARPALIUS CPA PRESIDENT AND CEO 2.00
Officer
$0 $1,158 $317,061
C AARON LEMAY CPA JD MSED TREASURER/DIRECTOR 1.00
Officer Director
$0 $60,238 $506,867
REBECCA KORENEK MBA MHA VICE CHAIR 1.00
Director
$0 $102,895 $989,636
B KENT PICKERING JD MA DIRECTOR 1.00
Director
$0 $9,684 $366,437
CHERYL S HERROD SECETARY 5.00
Officer
$0 $8,725 $106,985
DUSTIN J THOMAS FORMER PRESIDENT AND CEO 0.00
$0 $0 $8,692
ANISH BHARDWAJ MD FORMER VICE CHAIR 0.00
$0 $1,836 $848,197
DAVID C GRUENER FORMER PRESIDENT AND CEO 0.00
$0 $6,844 $359,640
MARIA L GONZALEZ FORMER SECRETARY 0.00
$0 $637 $101,141
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 $436,037 $378,850 $7,366,131 $57,187
2023 $446,879 $321,250 $6,652,615 $125,629
2022 $519,428 $429,304 $6,472,415 $90,124
2021 $594,400 $451,254 $7,096,596 $143,146
2020 $629,785 $531,588 $6,360,984 $98,197
2019 $668,543 $542,735 $5,951,968 $125,808
2018 $742,996 $545,563 $5,702,893 $197,433
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