Metroplus Health Plan Inc
- Assets
- $1.7b
- Revenue
- $4.3b
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 13-4115686
Organization Overview
Metroplus Health Plan Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metroplus Health Plan Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Metroplus Health Plan Inc generated $4.3b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $4.2b during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
METROPLUS PROVIDES ITS MEMBERS WITH ACCESS TO HIGH QUALITY, COST EFFECTIVE HEALTHCARE, PARTNERING WITH NYC HHC AND OTHER PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH - GENERAL AND REHABILITATIVE: PROVIDED MANAGED CARE SERVICES TO NY CITY ENROLLEES AND PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Talya Schwartz Chief Executive Officer | Officer | 35 | $495,550 |
Lauren Castaldo Chief Financial Officer | Officer | 35 | $425,142 |
Roger Milliner Chief Growth Officer | Officer | 35 | $418,933 |
Sanjiv Shah Chief Medical Officer | Officer | 35 | $412,482 |
Glendon Henry Senior Medical Director | Officer | 35 | $370,327 |
Raven Ryan-Solon Chief Compliance/reg Officer | Officer | 35 | $355,249 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caremark Ipa Llc Pharmacy Administration | 12/30/22 | $13,665,351 |
Dst Health Solutions Claims Processing Services | 12/30/22 | $13,492,824 |
Healthplex Inc Management Services Dental | 12/30/22 | $6,584,859 |
Finity Inc Member Rewards Program | 12/30/22 | $6,178,879 |
Change Healthcare Llc Risk Assessment | 12/30/22 | $3,873,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $505,774 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $505,774 |
| Total Program Service Revenue | $4,286,725,615 |
| Investment income | $8,958,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,296,189,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,925,393,359 |
| Compensation of current officers, directors, key employees. | $5,249,932 |
| Compensation of current officers, directors, key employees. | $5,249,932 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,871,405 |
| Pension plan accruals and contributions | $6,843,623 |
| Other employee benefits | $26,848,004 |
| Payroll taxes | $11,439,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $477,478 |
| Fees for services: Accounting | $523,202 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,940,357 |
| Advertising and promotion | $6,624,140 |
| Office expenses | $10,816,053 |
| Information technology | $18,613,226 |
| Royalties | $0 |
| Occupancy | $22,650,947 |
| Travel | $24,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,538,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,149,609 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,221,356,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $581,225,858 |
| Savings and temporary cash investments | $386,440,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,931,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,641,482 |
| Investments—publicly traded securities | $564,125,410 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,748,364,475 |
| Accounts payable and accrued expenses | $932,325,473 |
| Grants payable | $0 |
| Deferred revenue | $131,723,513 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,064,048,986 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $684,315,489 |
| Total liabilities and net assets/fund balances | $1,748,364,475 |