Hometown Health Plan Inc (EIN 880231433) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

Brian Erling

Phone

7759826488

Tax Period

2023-01-01 to 2023-12-31

Hometown Health Plan Inc, founded in 1987, is a major nonprofit that reported $361.8M in total revenue in fiscal year 2023. Revenue surged 157% from the prior year, signaling strong growth momentum. Expenses of $327.2M left a modest 10% surplus.

Mission

An HMO health insurance company.

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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 $41,479,619

Program Service Revenue $318,284,703

Investment Income $1,895,901

Other Revenue $121,563

TOTAL REVENUE $361,781,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,255,532

Fundraising Expenses $0

Program Expenses $273,524,680

Other Expenses $311,909,849

TOTAL EXPENSES $327,165,381

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,781,786	$140,742,491	+1.6%
Expenses	$327,165,381	$164,350,922	+1.0%
Net Income	$34,616,405	$-23,608,431	-2.5%

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

N/A

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

$3,798,845

Total Directors

$2,865,255

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bethany Sexton - President	& Chair/CEO Hometown Health	57.00	Officer Director	$678,306	$93,628	$771,934
Jamie Winter	Secretary	3.00	Officer Director	$0	$30,093	$288,402
Brian Erling	President/CEO	2.00	Officer Director	$0	$215,714	$1,503,804
Rebekah Winter	Treasurer	3.00	Officer Director	$0	$15,531	$301,115
Ann Beck	Chief Financial Officer	2.00	Officer	$0	$110,675	$933,590
Matthew Cain	Physician - Cardiologist	60.00	Highest	$1,325,432	$21,548	$1,346,980
Athan Roumanas	Cardiothoracic CV Surgeon	60.00	Highest	$1,103,105	$26,495	$1,129,600
Abhilash Akinapelli	Physician - Cardiologist	60.00	Highest	$1,091,667	$30,576	$1,122,243
John Hansen	Physician - Surgeon Vascular	60.00	Highest	$1,097,062	$27,025	$1,124,087
Ben Jaquish	Physician - Surgeon Vascular	60.00	Highest	$1,092,820	$22,502	$1,115,322
Josiah Johnson	Former Officer	0.00		$0	$18,368	$786,427
Thomas Graf	Former Officer	0.00		$0	$11,028	$604,805
Sean Hawthorne	Former Officer	0.00		$0	$30,797	$436,803
Ty Windfeldt	Former Officer	0.00		$0	$0	$537,640

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	$361,781,786	$327,165,381	$90,632,241	$34,616,405
2022	$269,317,841	$294,780,173	$95,684,117	$-25,462,332
2022	$140,742,491	$164,350,922	$79,859,894	$-23,608,431
2021	$238,268,510	$242,159,183	$105,254,347	$-3,890,673
2020	$253,251,841	$244,980,953	$114,791,187	$8,270,888
2019	$272,934,800	$257,557,240	$115,448,901	$15,377,560
2018	$390,858,130	$405,677,686	$124,659,740	$-14,819,556

Hometown Health Plan Inc