POINT32HEALTH INC

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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

2016

Legal Domicile

Principal Officer

SCOTT WALKER

Phone

6179729400

Tax Period

2023-01-01 to 2023-12-31

POINT32HEALTH INC, founded in 2016, is a micro nonprofit in the Health Care sector that reported $55.5M in total revenue in fiscal year 2023.

Mission

DETAIL REGARDING THE ORGANIZATION'S MISSION POINT32HEALTH, INC. ("P32H")'S PURPOSE IS TO GUIDE AND EMPOWER HEALTHIER LIVES FOR EVERYONE. P32H SEEKS TO OPERATE EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE, FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF AND OVERSEE ORGANIZATIONS THAT: (A) ARRANGE FOR THE DELIVERY OF COMPREHENSIVE HEALTH CARE SERVICES, ON A PREPAID BASIS, MANAGED CARE PROGRAMS, AND OTHER ALTERNATIVE HEALTH CARE DELIVERY PROGRAMS, INCLUDING PROGRAMS DIRECTED PRIMARILY AT LOW INCOME RESIDENTS; (B) PROMOTE HEALTH MAINTENANCE THROUGH PROVIDING AND/OR ARRANGING FOR THE PROVISION OF HEALTH EDUCATION SERVICES; AND/OR (C) PROMOTE POSITIVE REGIONAL HEALTH PLANNING BETWEEN PROVIDERS AND CONSUMERS. P32H WHICH WAS FORMERLY KNOWN AS HEALTH PLAN HOLDINGS, INC., IS THE SOLE CORPORATE MEMBER OF TUFTS ASSOCIATED HEALTH MAINTENANCE ORGANIZATION, INC. ("TAHMO"), TUFTS HEALTH PUBLIC PLANS, INC. ("THPP") AND HARVARD PILGRIM HEALTH CARE, INC. ("HPHC"). ----------

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

P32H'S PURPOSE IS TO OPERATE EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE, FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF,AND TO CARRY OUT THE PURPOSES OF AND OVERSEE ORGANIZATIONS THAT: (A)...

P32H'S PURPOSE IS TO OPERATE EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE, FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF,AND TO CARRY OUT THE PURPOSES OF AND OVERSEE ORGANIZATIONS THAT: (A) ARRANGE FOR THE PROVISION OF COMPREHENSIVE HEALTH CARE SERVICES, PRIMARILY ON A PRE-PAID BASIS, MANAGED CARE PROGRAMS,AND OTHER ALTERNATIVE HEALTH CARE DELIVERY PROGRAMS, INCLUDING PROGRAMS DIRECTED PRIMARILY AT LOW INCOME RESIDENTS; (B) PROMOTE HEALTH MAINTENANCE THROUGH PROVIDING AND/OR ARRANGING FOR THE PROVISION OF HEALTH EDUCATION SERVICES; AND/OR (C) PROMOTE POSITIVE REGIONAL HEALTH PLANNING BETWEEN PROVIDERS AND CONSUMERS. P32H'S ACTIVITIES INCLUDE SUPERVISING, OVERSEEING, AND APPROVING STRATEGIC PLANNING FOR TAHMO, THPP, HPHC AND OTHER ENTITIES IN THE POINT32HEALTH ENTERPRISE.

Program 2

Expenses: $0 Revenue: $0

DISCRETIONARY RETIREMENT PLAN THE ORGANIZATION'S LEADERS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN SPONSORED BY THEIR EMPLOYER, POINT32HEALTH SERVICES, INC., A RELATED PARTY. THE EMPLOYEES AND AMOUNTS LISTED ON SCHEDULE J, PART II, COLUMN C REFLECT EMPLOYER CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. --------------------

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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 $0

Investment Income $-396,838

Other Revenue $-55,058,078

TOTAL REVENUE $-55,454,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $35,168,849

TOTAL EXPENSES $35,168,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-55,454,916	$-13,473,446	+3.1%
Expenses	$35,168,849	$1,246,725	+27.2%
Net Income	$-90,623,765	$-14,720,171	+5.2%

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

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

$10,969,455

Total Directors

$5,710,334

Key Employees

$3,624,892

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAIN HAYES	PRESIDENT & CEO	2.5	Officer Director	$0	$387,442	$4,246,459
PHILIP BARR	EVP, PRESIDENT, MARKETS	2.5	Key Emp	$0	$201,705	$1,952,558
PATRICIA HOWARD	COO (END 5/3)	2.5	Key Emp	$0	$59,229	$1,672,334
UMESH KURPAD	CFO (END 7/4)	2.5	Officer	$0	$166,409	$1,621,244
PETE CHURCH	CHIEF PEOPLE OFFICER	2.5	Highest	$0	$199,722	$1,548,068
TISA HUGHES	CLERK/SECRETARY	2.5	Officer	$0	$135,726	$1,466,203
TRACEY CARTER	SVP, CHIEF ACTUARY	2.5	Highest	$0	$167,611	$1,343,146
SELMA FERHATBEGOVIC	SVP, CHIEF INFORMATION OFFICER	2.5	Highest	$0	$152,803	$1,260,256
MARK PORTER	TREASURER (START 10/12)	2.5	Officer	$0	$166,825	$1,222,453
PATRICIA BLAKE	SVP, PRESIDENT MEDICARE	2.5	Highest	$0	$160,733	$1,211,996
KRISTIN LEWIS	CHIEF PUB & COMM AFF OFFICER	2.5	Highest	$0	$152,533	$1,187,178
MICHAEL CARSON	FORMER PRESIDENT (END 10/1/21)	0.0		$0	$0	$866,154
R SCOTT WALKER	CFO (START 7/5)	2.5	Officer	$0	$117,945	$845,896
SUSAN KEE	CLERK/SECRETARY (START 12/11)	2.5	Officer	$0	$72,203	$717,571
ROLAND PRICE	TREASURER (END 10/11)	2.5	Officer	$0	$79,256	$675,379
THOMAS CROSWELL	FORMER CEO	0.0		$0	$9,150	$621,650
EILEEN AUEN	DIRECTOR, CHAIR	2.0	Officer Director	$0	$0	$161,250
MICHAEL J MCCOLGAN	DIRECTOR	1.0	Director	$0	$0	$131,750
GREGORY D TRANTER	DIRECTOR	1.0	Director	$0	$0	$129,375
MICHAEL SHEA	DIRECTOR	1.0	Director	$0	$0	$123,375
BERTRAM L SCOTT	DIRECTOR	1.0	Director	$0	$0	$119,375
HEDWIG VEITH WHITNEY	DIRECTOR	1.0	Director	$0	$0	$117,375
MYECHIA MINTER-JORDAN MD	DIRECTOR (END 12/8)	1.0	Director	$0	$0	$116,375
TODD WHITBECK	DIRECTOR	1.0	Director	$0	$0	$113,000
PETER SLAVIN MD	DIRECTOR	1.0	Director	$0	$0	$112,000
RAYMOND PAWLICKI	DIRECTOR	1.0	Director	$0	$0	$111,000
IRINA SIMMONS	DIRECTOR	1.0	Director	$0	$0	$109,000
JOYCE MURPHY	DIRECTOR	1.0	Director	$0	$0	$107,000
GREG SHELL	DIRECTOR, VICE CHAIR	1.0	Officer Director	$0	$0	$13,000

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
2023	$-55,454,916	$35,168,849	$2,083,086,166	$-90,623,765
2022	$-13,473,446	$1,246,725	$2,458,191,290	$-14,720,171
2021	$246,931,152	$1,040,051	$1,668,814,929	$245,891,101
2021	$289,940,305	$1,040,051	$2,478,649,185	$288,900,254
2018	$129,396,754	$1,091,686	$1,180,093,544	$128,305,068