Health First Commercial Plans Inc
- Assets
- $128.6m
- Revenue
- $284.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockledge, FL
- Founding
- 06/2018
- Data as of
- 09/2021
- EIN
- 82-1866443
Organization Overview
Health First Commercial Plans Inc is located in Rockledge, FL. The organization was established in 2018. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health First Commercial Plans Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2021, Health First Commercial Plans Inc generated $284.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $275.6m during the year ending 09/2021. While expenses have increased by 11.1% per year over the past 4 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
OUR TEAM IMPROVING THE WELLNESS AND HEALTH OF YOU AND YOUR FAMILY THROUGH EXCELLENT AND COMPASSIONATE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH FIRST COMMERCIAL PLANS, INC. (HEALTH PLAN) OPERATES A COMMERCIAL HEALTH MAINTENANCE ORGANIZATION, OFFERING SMALL AND LARGE GROUP PLANS, WITHIN AN APPROVED SERVICE AREA CONSISTING OF BREVARD, INDIAN RIVER, VOLUSIA, FLAGLER, AND SEMINOLE COUNTIES IN FLORIDA. COMMERCIAL PRODUCTS OFFERED ARE ON AND OFF THE FEDERAL EXCHANGE MARKETPLACE. THE COMMERCIAL PLANS ARE UNDERWRITTEN BY THE HEALTH PLAN AND ADMINISTERED BY HEALTH FIRST ADMINISTRATIVE PLANS, INC. THE HEALTH PLAN'S PRIMARY BUSINESS IS THE PROVISION OF PREPAID HEALTH CARE SERVICES TO MEMBERS RESIDING IN ITS SERVICE AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew A Rector Evp Chief Strat. Officer/vice Chair | OfficerTrustee | 3 | $0 |
Steven P Johnson Chair/president/ceo Hfi | OfficerTrustee | 3 | $0 |
Michael A Scialdone Evp/cfo Hfi/secretary/treasurer | OfficerTrustee | 3 | $0 |
Matthew F Gerrell President/sr VP CEO | OfficerTrustee | 1 | $0 |
Nicholas W Romanello ESQ Assistant Secretary | Officer | 3 | $0 |
Joshua P Pulver VP CFO Hfhp | Officer | 13 | $0 |
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 | $282,044,668 |
| Investment income | $986,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,348,385 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,379,591 |
| 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 | $10,004,406 |
| Pension plan accruals and contributions | $207,161 |
| Other employee benefits | $2,336,561 |
| Payroll taxes | $746,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $121,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,935 |
| Fees for services: Other | $10,688,211 |
| Advertising and promotion | $2,225,345 |
| Office expenses | $698,387 |
| Information technology | $1,492,016 |
| Royalties | $0 |
| Occupancy | $161,171 |
| Travel | $5,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,371 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,106,713 |
| Total functional expenses | $275,573,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,756,811 |
| Savings and temporary cash investments | $9,904,032 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,041,250 |
| 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 | $656,581 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $46,596,091 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,608,963 |
| Total assets | $128,563,728 |
| Accounts payable and accrued expenses | $31,078,782 |
| Grants payable | $0 |
| Deferred revenue | $4,841,549 |
| 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 | $23,537,858 |
| Total liabilities | $59,458,189 |
| Net assets without donor restrictions | $69,105,539 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $128,563,728 |
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|---|---|---|
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Global Health Solutions Inc Decatur, GA | $0 | $961,202,345 |
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United Parcel Service Veba Ups Health And Welfare Plan Atlanta, GA | $4,408,597 | $950,371,007 |
Prisma Health-University Medical Group Greenville, SC | $134,365,616 | $657,970,757 |
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Shriners Hospitals For Children Tampa, FL | $10,877,290,799 | $896,169,390 |
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Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
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