Driscoll Childrens Health Plan
- Assets
- $460.8m
- Revenue
- $1.1b
- Investments
- $0.0
- Employees
- 533
- Location
- Corpus Christi, TX
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 74-2838488
Organization Overview
Driscoll Childrens Health Plan is located in Corpus Christi, TX. The organization was established in 2009. 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, Driscoll Childrens Health Plan employed 533 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Driscoll Childrens Health Plan 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, Driscoll Childrens Health Plan generated $1.1b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $961.8m during the year ending 12/2021. While expenses have increased by 11.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO PROVIDING EFFICIENT, COST-EFFECTIVE, QUALITY CARE THROUGH A DEDICATED AND COMPASSIONATE HEALTH CARE TEAM & RESPECTFUL COLLABORATION WITH ITS PROVIDER NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former President/ceo | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo Bank Tower Office Lessor | 12/30/21 | $1,034,173 |
Aon Benfield Inc Reinsurance Broker | 12/30/21 | $2,282,680 |
Risk Strategies Co Reinsurance Broker | 12/30/21 | $1,891,161 |
Health Management Services Resource Recoveries | 12/30/21 | $1,112,329 |
Navitus Health Pharmacy Benefit Mgt | 12/30/21 | $3,636,875 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,041,032,605 |
| Investment income | $14,410,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$318,068 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,055,125,455 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,281,379 |
| Pension plan accruals and contributions | $2,232,226 |
| Other employee benefits | $4,438,456 |
| Payroll taxes | $2,363,732 |
| Fees for services: Management | $4,734,927 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $82,100 |
| Fees for services: Lobbying | $50,505 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $420,647 |
| Fees for services: Other | $4,602,768 |
| Advertising and promotion | $459,966 |
| Office expenses | $1,760,674 |
| Information technology | $4,125,919 |
| Royalties | $0 |
| Occupancy | $1,943,773 |
| Travel | $278,902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,104 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,873,570 |
| Insurance | $12,252 |
| All other expenses | $5,269,711 |
| Total functional expenses | $961,773,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,013,366 |
| Savings and temporary cash investments | $19,997,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,269,261 |
| 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 | $87,364 |
| Net Land, buildings, and equipment | $5,721,418 |
| Investments—publicly traded securities | $289,428,628 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,265,000 |
| Total assets | $460,782,364 |
| Accounts payable and accrued expenses | $179,682,806 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $17,338,934 |
| Total liabilities | $197,021,740 |
| 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 | $263,760,624 |
| Total liabilities and net assets/fund balances | $460,782,364 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Driscoll Childrens Health Plan has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Jlh Foundation Katy, TX PURPOSE: CHARITABLE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Driscoll Childrens Health Plan Corpus Christi, TX | $460,782,364 | $1,055,125,455 |
Community Health Choice Inc Houston, TX | $271,208,373 | $794,944,240 |
Scott And White Health Plan Dallas, TX | $666,008,689 | $819,696,357 |
Parkland Community Health Plan Inc Dallas, TX | $285,896,917 | $736,554,717 |
Delta Dental Plan Of Oklahoma Oklahoma City, OK | $95,559,254 | $250,157,456 |
Delta Dental Plan Of Arkansas Inc Sherwood, AR | $185,482,857 | $244,317,874 |
Adventist Health System Texas Inc Burleson, TX | $7,604,065 | $145,119,144 |
Delta Dental Plan Of New Mexico Inc Albuquerque, NM | $81,908,346 | $75,517,286 |
Arvest Bank Group Employees Health Benefit Trust Lowell, AR | $8,178,125 | $52,821,500 |
Lifenet Inc Texarkana, TX | $20,550,106 | $37,401,240 |
Iberia Comprehensive Community Health Center New Iberia, LA | $48,889,495 | $32,027,137 |
Northeast Oklahoma Community Health Centers Inc Hulbert, OK | $28,383,218 | $24,477,125 |