HEALTH FIRST COMMERCIAL PLANS INC

EIN: 821866443

ROCKLEDGE, FL

Total Revenue
$106,707,022
Total Expenses
$97,763,140
Total Assets
$129,592,257
Net Assets
$80,112,856
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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
2017
Legal Domicile
FL
Principal Officer
TERRY L FORDE
Phone
3214345150
Tax Period
2024-10-01 to 2024-12-31

HEALTH FIRST COMMERCIAL PLANS INC, founded in 2017, is a major nonprofit that reported $106.7M in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $97.8M left a modest 8% surplus.

Mission

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

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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 $0
Program Service Revenue $106,153,502
Investment Income $553,520
Other Revenue $0
TOTAL REVENUE $106,707,022

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,289,651
Fundraising Expenses $0
Program Expenses $94,214,988
Other Expenses $94,473,489
TOTAL EXPENSES $97,763,140

Year-over-Year Comparison

2024 2023 Change
Revenue $106,707,022 $372,774,713 -0.7%
Expenses $97,763,140 $367,951,182 -0.7%
Net Income $8,943,882 $4,823,531 +0.9%
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

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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
1
$477,220
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW F GERRELL SR VP CEO HEALTH PLANS 13.00
Officer Director
$0 $30,178 $1,031,733
DALE A DETTMER ESQ DIRECTOR 1.00
Director
$0 $0 $15,268
ALAN L PRESTWOOD DIRECTOR 1.00
Director
$0 $0 $5,470
KIM K PATRICK DIRECTOR 1.00
Director
$0 $0 $18,500
NICHOLAS W ROMANELLO ESQ SECRETARY 3.00
Officer
$0 $31,967 $1,042,107
TERRY L FORDE PRESIDENT/CEO BEG. 8/5/202 3.00
Officer
$0 $7,976 $1,081,516
KRISTEN M PULIO EXECUTIVE VP CFO BEG. 9/24 3.00
Officer
$0 $1,251 $215,159
ANDREW FINK SR. VP COMMUNITY HEALTH SERVICES BEG 8/24 1.00
Officer
$0 $12,751 $437,150
JOSHUA P PULVER VP CFO HFHP 12.00
Key Emp
$0 $33,136 $477,220
STEVEN P JOHNSON FORMER CHAIR/PRESIDENT/CEO 0.00
$0 $3,102 $282,041
DREW A RECTOR FORMER EVP CSO/VC 0.00
$0 $0 $322,036
MICHAEL A SCIALDONE FORMER EVP/CFO HFI/SECR/TR 0.00
$0 $11,967 $473,129
BRETT A ESROCK FRMR EXE VP CFO/COO TREASURER E 0.00
$0 $31,208 $1,267,396
FRANK S LETHERBY FORMER SR. VP COMM HS /DIRECTO 0.00
$0 $26,059 $758,642
ROBERT K HENRY FORMER DIRECTOR 0.00
$0 $0 $17,914
TAYLOR K SMITH FRMR 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 $106,707,022 $97,763,140 $129,592,257 $8,943,882
2024 No data No data No data No data
2023 $255,391,568 $245,380,620 $122,120,572 $10,010,948
2022 $229,587,621 $228,853,175 $115,166,357 $734,446
2021 $284,379,591 $275,573,523 $128,563,728 $8,806,068
2020 $254,051,476 $246,675,398 $110,571,636 $7,376,078
2019 $247,211,025 $244,558,496 $94,871,832 $2,652,529
2018 $193,634,280 $180,717,610 $96,921,866 $12,916,670
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