MOUNT CARMEL HEALTH PLAN OF CONNECTICUT INC

EIN: 873948434

COLUMBUS, OH

Total Revenue
$1,055,665
Total Expenses
$973,489
Total Assets
$4,136,000
Net Assets
$3,763,434
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Organization Details

Formation Year
2021
Legal Domicile
CT
Principal Officer
JACK RANDOLPH
Phone
6145464000
Tax Period
2023-01-01 to 2023-12-31

MOUNT CARMEL HEALTH PLAN OF CONNECTICUT INC, founded in 2021, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $973K left a modest 8% surplus.

Mission

WE, MOUNT CARMEL AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES.MOUNT CARMEL HEALTH PLAN OF CONNECTICUT IS A MEMBER OF MOUNT CARMEL AND TRINITY HEALTH.

Program Service Accomplishments

Program 1
Expenses: $570,402 Revenue: $972,139

MOUNT CARMEL HEALTH PLAN OF CONNECTICUT WAS FORMED IN 2021 FOR THE PURPOSE OF PROVIDING COMPREHENSIVE HEALTH CARE COVERAGE TO SENIORS IN THE NEW ENGLAND AREA AS A WHOLLY OWNED SUBSIDIARY OF MOUNT...

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MOUNT CARMEL HEALTH PLAN OF CONNECTICUT WAS FORMED IN 2021 FOR THE PURPOSE OF PROVIDING COMPREHENSIVE HEALTH CARE COVERAGE TO SENIORS IN THE NEW ENGLAND AREA AS A WHOLLY OWNED SUBSIDIARY OF MOUNT CARMEL HEALTH PLAN. IT IS A MEMBER OF THE MOUNT CARMEL HEALTH SYSTEM, A TAX-EXEMPT HEALTH CARE SYSTEM UNDER IRC SECTION 501(C)(3). MOUNT CARMEL HEALTH PLAN OF CONNECTICUT IS A NONPROFIT ORGANIZATION THAT OFFERS BENEFITS THROUGH A MEDICARE ADVANTAGE PLAN (TRINITY HEALTH PLAN OF NEW ENGLAND) APPROVED BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS) THAT REPLACES TRADITIONAL MEDICARE COVERAGE. TRINITY HEALTH PLAN OF NEW ENGLAND SERVES SENIORS AND OTHER MEDICARE BENEFICIARIES IN FOUR CONNECTICUT COUNTIES.PLAN MEMBERS ELECT TO HAVE TRINITY HEALTH PLAN OF NEW ENGLAND (INSTEAD OF THE FEDERAL GOVERNMENT) ADMINISTER THE BENEFITS OF MEDICARE PART A AND PART B, AND THE PLAN ALSO OFFERS PHARMACEUTICAL COVERAGE UNDER MEDICARE PART D. TRINITY HEALTH PLAN OF NEW ENGLAND IS REQUIRED TO PROVIDE COVERAGE FOR EVERYTHING THAT THE FEDERAL MEDICARE PROGRAM COVERS, PLUS THE PLAN ALSO OFFERS ADDITIONAL ITEMS SUCH AS: UNLIMITED INPATIENT HOSPITAL DAYS COVERED AT 100% WITH NO DEDUCTIBLE (SMALL COPAY FOR FIRST 4 DAYS); OUTPATIENT SURGERY FOR A SMALL CO-PAYMENT; DIAGNOSTIC AND TESTING SERVICES FOR A SMALL CO-PAYMENT; HOME HEALTH CARE AND SKILLED NURSING CARE COVERAGE WHEN NECESSARY; PRESCRIPTION DRUG BENEFITS; PHYSICIAN OFFICE VISITS WITH FIXED COPAYMENTS; AND UNLIMITED GENERIC DRUG COVERAGE.AS AN INTEGRAL PART OF MOUNT CARMEL HEALTH SYSTEM, MOUNT CARMEL HEALTH PLAN OF CONNECTICUT IS A COMMUNITY-BASED MANAGED HEALTH CARE ORGANIZATION THAT WORKS IN COLLABORATION WITH EMPLOYERS, INDIVIDUAL MEMBERS, PHYSICIANS, HEALTH CARE PROVIDERS, AND COMMUNITY AND GOVERNMENTAL AGENCIES TO CONTINUALLY IMPROVE THE HEALTH OF ITS MEMBERS BY PROVIDING EXCEPTIONAL COVERAGE AND ACCESS TO HIGH QUALITY AND COST-EFFECTIVE CARE.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.TRINITYHEALTHOFNE.ORG/MEDICARE

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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 $972,139
Investment Income $83,526
Other Revenue $0
TOTAL REVENUE $1,055,665

Expense Breakdown

Grants Paid $0
Salaries & Benefits $264,046
Fundraising Expenses $0
Program Expenses $570,402
Other Expenses $709,443
TOTAL EXPENSES $973,489

Year-over-Year Comparison

2023 2022 Change
Revenue $1,055,665 N/A N/A
Expenses $973,489 N/A N/A
Net Income $82,176 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
1

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
$2,395,179
Total Directors
3
$1,722,895
Key Employees
2
$795,471
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK RANDOLPH DIRECTOR; CHAIR; PRESIDENT & CEO 2.00
Officer Director
$0 $190,083 $957,338
ANDY PRIDAY MOUNT CARMEL CFO 2.00
Officer
$0 $73,151 $580,062
GREG WISE MD MEDICAL DIRECTOR MCHP 2.00
Key Emp
$0 $32,654 $447,867
DAVID VIS DIRECTOR; SECRETARY; TREASURER 2.00
Officer Director
$0 $18,414 $388,049
CLAUDIO CAPONE DIR;REG VP STRAT & BUS PLAN TH OF NE 2.00
Director
$0 $52,492 $377,508
CARLOS ALVARADO CHIEF ADMINISTRATIVE OFFICER MCHP 2.00
Key Emp
$0 $44,568 $347,604
TRISHA WHETSTONE ASST SECRETARY; MCHS ASSOC COUNSEL 2.00
Officer
$0 $43,944 $242,559
FATOU NDOYE ASST TREASURER; MCHP CONTROLLER 2.00
Officer
$0 $44,449 $227,171
KEVIN ARIAS SALES MANAGER 40.00
Highest
$0 $15,329 $122,355
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 $1,055,665 $973,489 $4,136,000 $82,176
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