ROCKLEDGE, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
WE EXIST TO IMPROVE THE HEALTH AND WELLNESS OF THE COMMUNITIES WE SERVE.
HEALTH FIRST ADMINISTRATIVE PLANS, INC., (HFAP) IS A PARENT HOLDING COMPANY, LICENSED TO OPERATE AS A THIRD-PARTY ADMINISTRATOR (TPA). THE COMPANY OPERATES AS A TPA PROVIDING CLAIM PROCESSING AND...
HEALTH FIRST ADMINISTRATIVE PLANS, INC., (HFAP) IS A PARENT HOLDING COMPANY, LICENSED TO OPERATE AS A THIRD-PARTY ADMINISTRATOR (TPA). THE COMPANY OPERATES AS A TPA PROVIDING CLAIM PROCESSING AND BENEFITS ADMINISTRATION, AND IS RESPONSIBLE FOR REAL ESTATE, EMPLOYEES, PROVIDER CONTRACTS, BROKER CONTRACTS, AND VENDOR AGREEMENTS FOR ITS AFFILIATES.HFAP SERVES TO PROMOTE, FURTHER AND SUPPORT THE CHARITABLE PURPOSES OF HEALTH FIRST, INC., WHICH IS CENTRAL FLORIDA'S ONLY FULLY INTEGRATED HEALTH DELIVERY SYSTEM. HFAP PROVIDES THIRD PARTY MANAGEMENT SERVICES FOR ITS RELATED ENTITIES, HEALTH FIRST HEALTH PLANS, INC. AND HEALTH FIRST COMMERCIAL PLANS, INC. THESE COMBINED MANAGEMENT AND HEALTH PLAN ACTIVITIES WITHIN THE INTEGRATED DELIVERY SYSTEM ENSURES A FULL GEOGRAPHICAL COVERAGE BY OFFERING COVERAGE IN COUNTIES IN WHICH THERE ARE LIMITED AFFORDABLE OPTIONS. HFAP COLLABORATES WITH GOVERNMENT AND OTHER NON-PROFIT ORGANIZATIONS, SUCH AS THE ORANGE COUNTY DEPARTMENT OF CORRECTIONS AND THE ORANGE COUNTY MEDICAL CLINIC. THE COMPANY RECEIVES AND PAY BILLS ON BEHALF OF THESE ORGANIZATIONS WITH A LOWER THAN STANDARD RATE AS A FURTHERANCE OF ITS CHARITABLE PURPOSES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare HEALTH FIRST ADMINISTRATIVE PLANS INC with other nonprofits in Florida and across the country.