HEALTH FIRST ADMINISTRATIVE PLANS INC

EIN: 821851221

ROCKLEDGE, FL

Total Revenue
$34,696,825
Total Expenses
$37,036,269
Total Assets
$21,494,586
Net Assets
$2,341,903
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
FL
Principal Officer
TERRY L FORDE
Phone
3214345150
Tax Period
2024-10-01 to 2024-12-31

HEALTH FIRST ADMINISTRATIVE PLANS INC, founded in 2017, is a mid-sized nonprofit that reported $34.7M in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring.

Mission

WE EXIST TO IMPROVE THE HEALTH AND WELLNESS OF THE COMMUNITIES WE SERVE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $34,247,017
Investment Income $145,959
Other Revenue $303,849
TOTAL REVENUE $34,696,825

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,839,581
Fundraising Expenses $0
Program Expenses $30,593,415
Other Expenses $22,196,688
TOTAL EXPENSES $37,036,269

Year-over-Year Comparison

2024 2023 Change
Revenue $34,696,825 $120,428,204 -0.7%
Expenses $37,036,269 $119,208,544 -0.7%
Net Income $-2,339,444 $1,219,660 -2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

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
$3,807,665
Total Directors
4
$1,070,971
Key Employees
3
$1,369,028
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW F GERRELL SR VP CEO HEALTH PLANS 2.00
Officer Director
$0 $30,178 $1,031,733
KIM K PATRICK DIRECTOR 1.00
Director
$0 $0 $18,500
DALE A DETTMER ESQ DIRECTOR 1.00
Director
$0 $0 $15,268
ALAN L PRESTWOOD DIRECTOR 1.00
Director
$0 $0 $5,470
TERRY L FORDE PRESIDENT/CEO BEG 8/5/202 1.00
Officer
$0 $7,976 $1,081,516
NICHOLAS W ROMANELLO ESQ SECRETARY 1.00
Officer
$0 $31,967 $1,042,107
ANDREW FINK SR VP COMMUNITY HEALTH SVC. BEG 8/24 1.00
Officer
$0 $12,751 $437,150
KRISTEN M PULIO EXECUTIVE VP CFO BEG 9/24 1.00
Officer
$0 $1,251 $215,159
JAMIE R FORREST VP COO HFHP 6.00
Key Emp
$0 $31,015 $521,595
JOSHUA P PULVER VP CFO HFHP 6.00
Key Emp
$0 $33,136 $477,220
JASON W ALFORD HFHP VP OF SALES AND BUS. 6.00
Key Emp
$0 $28,977 $370,213
KHADIDJA KORAIBAA MEDICAL DIRECTOR 40.00
Highest
$0 $33,161 $363,450
MARY K VANZANTE FLEMING VP PROVIDER OPS AND ENGAGE 40.00
Highest
$0 $29,203 $349,892
KAMELA C SOOKNANAN VP POPULATION HEALTH HFHP 40.00
Highest
$0 $22,412 $335,200
ALISON N ALULI-IMBERMAN VP OPERATIONS HFHP 40.00
Highest
$0 $25,730 $302,488
STEVEN R SEGRE-LEWIS VP HFHP ECONOMICS 40.00
Highest
$0 $23,935 $295,969
BRETT A ESROCK FRMR EXEC VP CFO/COO TREASURER 0.00
$0 $31,208 $1,267,396
FRANK S LETHERBY FMR SR. VP COMMUNITY HS/DIRECT 0.00
$0 $26,059 $758,642
MICHAEL A SCIALDONE FORMER EVP/CFO HFI/SEC/TRE 0.00
$0 $11,967 $473,129
DREW A RECTOR FORMER EVP CSO/VC 0.00
$0 $0 $322,036
STEVEN P JOHNSON FORMER CHAIR/PRESIDENT/CEO 0.00
$0 $3,102 $282,041
ROBERT K HENRY FORMER DIRECTOR 0.00
$0 $0 $17,914
TAYLOR K SMITH FMR INTERIM CEO HFI END 8/24 0.00
$0 $0 $678,744
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 $34,696,825 $37,036,269 $21,494,586 $-2,339,444
2024 No data No data No data No data
2023 $95,236,986 $106,887,393 $21,682,617 $-11,650,407
2022 $92,210,139 $106,640,376 $9,200,489 $-14,430,237
2021 $135,034,317 $139,427,021 $43,577,240 $-4,392,704
2020 $134,194,103 $138,355,894 $34,961,799 $-4,161,791
2019 $125,049,074 $120,709,080 $40,158,689 $4,339,994
2018 $74,531,532 $78,274,261 $30,758,889 $-3,742,729
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HEALTH FIRST ADMINISTRATIVE PLANS INC with other nonprofits in Florida and across the country.