Fallon Community Health Plan Inc

Organization Overview

Fallon Community Health Plan Inc, operating under the name Fallon Health, is located in Worcester, MA. The organization was established in 1976. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, Fallon Health employed 1,346 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fallon Health 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 12/2021, Fallon Health generated $1.8b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.7b during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 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.

Since 2014, Fallon Health has awarded 293 individual grants totaling $4,438,573. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O IMPROVING HEALTH AND INSPIRING HOPE

Describe the Organization's Program Activity:

SEE SCHEDULE O


SEE SCHEDULE O


SEE SCHEDULE O


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cognizant Trizetto Software Group I
Consulting Services
$2,649,547
Change Healthcare Solutions Inc
Healthcare Consultg.
$1,101,197
Milliman Inc
Actuarial Consulting
$1,652,488
Galaxe Healthcare Solutions Inc
It Consulting Svc.
$2,112,248
Epstein Becker And Green Pc
Legal Services
$1,443,382
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,000
Total Program Service Revenue$1,764,526,148
Investment income $10,509,137
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $800,784
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,782,502,394

Grants Awarded

Over the last fiscal year, Fallon Community Health Plan Inc has awarded $621,500 in support to 28 organizations.

Grant RecipientAmount

CITY OF WORCESTER

PURPOSE: GENERAL SUPPORT

$200,000

WORCESTER COUNTY FOOD BANK

Org PageRecipient Profile

Shrewsbury, MA

PURPOSE: GENERAL SUPPORT

$55,000

WORCESTER REGIONAL CHAMBER OF COMMERCE

Org PageRecipient Profile

Worcester, MA

PURPOSE: GENERAL SUPPORT

$40,000

HEYWOOD MEMORIAL HOSPITAL

Org PageRecipient Profile

Gardner, MA

PURPOSE: GENERAL SUPPORT

$30,000

UNITED WAY OF CENTRAL MA

Org PageRecipient Profile

Worcester, MA

PURPOSE: GENERAL SUPPORT

$27,500

RON BURTON TRAINING VILLAGE

Org PageRecipient Profile

Hubbardston, MA

PURPOSE: GENERAL SUPPORT

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Fallon Community Health Plan Inc has recieved totaling $10,875.

Awarding OrganizationAmount
Justgive Inc

Weston, CT

PURPOSE: General Support

$10,875
View Grant Recipient Profile

Create an account to unlock the data you need.

or