Kaiser Foundation Health Plan Inc
- Assets
- $24.1b
- Revenue
- $62.5b
- Investments
- $0.0
- Employees
- 28,879
- Location
- Oakland, CA
- Founding
- 12/1981
- Data as of
- 12/2019
- EIN
- 94-1340523
Organization Overview
Kaiser Foundation Health Plan Inc is located in Oakland, CA. The organization was established in 1981. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2019, Kaiser Foundation Health Plan Inc employed 28,879 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Kaiser Foundation Health Plan Inc generated $62.5b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $61.0b during the year ending 12/2019. While expenses have increased by 4.8% per year over the past 5 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 2012, Kaiser Foundation Health Plan Inc has awarded 1,148 individual grants totaling $552,573,530. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH-QUALITY, AFFORDABLE HEALTH CARE SERVICES TO IMPROVE THE HEALTH OF OUR MEMBERS AND THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
-MEMBER HEALTH CARE SERVICES AND MEDICAL TRAINING TO IMPROVE CARE- KAISER FOUNDATION HEALTH PLAN, INC. (KFHP, INC.) PROVIDES MEDICAL AND SURGICAL CARE, INCLUDING URGENT CARE SERVICES, EXTENDED CARE AND HOME HEALTH CARE, FOR ITS MEMBERS WITHOUT REGARDS TO AGE, SEX, RACE, RELIGION OR NATIONAL ORIGIN OR THE ABILITY TO PAY. KFHP, INC. EDUCATES AND TRAINS MEDICAL STUDENTS AND OTHER HEALTH CARE PROFESSIONALS AND PROMOTES SCIENTIFIC AND NURSING EDUCATION IN ORDER TO IMPROVE CARE.
- MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS - KAISER FOUNDATION HEALTH PLAN (KFHP, INC.) IS COMMITTED TO IMPROVING MEDICAL CARE FOR BENEFICIARIES OF MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS, NOT ONLY FOR KFHP, INC. MEMBERS, BUT ALSO WITHIN THE COMMUNITIES WE SERVE. AT THE END OF 2019, APPROXIMATELY 737,000 INDIVIDUALS WERE RECEIVING THE BENEFITS OF FULL MEMBERSHIP THROUGH KFHP, INC.'S MEDICAID MANAGED CARE PROGRAMS IN THE STATES OF CALIFORNIA AND HAWAII AND CHILDREN'S HEALTH INSURANCE PROGRAM (CHIP). IN ADDITION, KFHP, INC. PROVIDED HEALTH CARE ON A FEE-FOR-SERVICE BASIS FOR MEDICAID BENEFICIARIES WHO WERE NOT ENROLLED AS KFHP, INC. MEMBERS.
- CHARITY CARE (MEDICAL FINANCIAL ASSISTANCE AND CHARITABLE HEALTH COVERAGE) - KAISER FOUNDATION HEALTH PLAN (KFHP, INC.) PROVIDES CHARITY CARE TO LOW-INCOME VULNERABLE PATIENTS THROUGH THE MEDICAL FINANCIAL ASSISTANCE (MFA) AND CHARITABLE HEALTH COVERAGE (CHC) PROGRAMS. KFHP, INC. OFFERS FINANCIAL ASSISTANCE THROUGH THE MFA PROGRAM TO HELP FAMILIES AND INDIVIDUALS WITH A DEMONSTRATED FINANCIAL NEED PAY FOR ALL OR PART OF THE COST OF EMERGENCY OR MEDICALLY NECESSARY CARE PROVIDED IN KAISER PERMANENTE FACILITIES AND/OR BY KAISER PERMANENTE PROVIDERS. IN 2019, THIS PROGRAM ASSISTED APPROXIMATELY 164,000 PATIENTS THROUGH FINANCIAL ASSISTANCE. THE CHC PROGRAMS OFFER REGULAR KAISER FOUNDATION HEALTH PLAN MEMBERSHIP AT MINIMAL COST TO LOW INCOME FAMILIES WHO ARE NOT ELIGIBLE FOR OTHER PUBLIC OR PRIVATELY SPONSORED COVERAGE. OVER 13,000 INDIVIDUALS WERE RECEIVING COMPREHENSIVE HEALTH CARE THROUGH THESE PROGRAMS AT THE END OF 2019.
SEE COMMUNITY BENEFIT REPORT IN SCH O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Tyson Chairman & CEO | OfficerTrustee | 15 | $16,114,729 |
Kathryn Lancaster Evp & CFO | Officer | 15 | $6,221,959 |
Gregory Adams Chairman & CEO | OfficerTrustee | 14.9 | $5,505,365 |
Arthur Southam Evp, Health Plan Operations | Officer | 24 | $5,331,038 |
Richard Daniels Evp, Chief Information Officer | Officer | 25 | $2,586,247 |
Charles Columbus Svp, Chief Hr Officer | Officer | 25 | $2,568,164 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Permanente Medical Group Medical Services | 12/30/19 | $12,600,882,266 |
Kaiser Foundation Hospitals Medical Services | 12/30/19 | $20,370,531,924 |
Easter Seals Southern California Health Services | 12/30/19 | $227,244,362 |
Southern Ca Permanente Medical Grou Medical Services | 12/30/19 | $10,036,416,429 |
Hawaii Permanente Medical Group Medical Services | 12/30/19 | $331,676,017 |
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 | $62,244,776,774 |
| Investment income | $17,787,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,168,347 |
| Net Gain/Loss on Asset Sales | $252,846,781 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,519,341,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $252,192,527 |
| 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. | $112,394,377 |
| Compensation of current officers, directors, key employees. | $11,443,463 |
| Compensation to disqualified persons | $304,142 |
| Other salaries and wages | $2,428,119,320 |
| Pension plan accruals and contributions | $415,164,675 |
| Other employee benefits | $316,890,624 |
| Payroll taxes | $188,333,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,030,364 |
| Fees for services: Accounting | $1,742,084 |
| Fees for services: Lobbying | $769,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,611,898 |
| Fees for services: Other | $0 |
| Advertising and promotion | $159,645,570 |
| Office expenses | $51,689,621 |
| Information technology | $3,122,196,388 |
| Royalties | $0 |
| Occupancy | $285,969,526 |
| Travel | $46,271,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,764,807 |
| Interest | $25,182,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $358,162,310 |
| Insurance | $214,850,583 |
| All other expenses | $770,217,471 |
| Total functional expenses | $60,955,210,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,992,451 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,299,588,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,122,500 |
| Inventories for sale or use | $223,105,635 |
| Prepaid expenses and deferred charges | $95,703,105 |
| Net Land, buildings, and equipment | $5,263,889,666 |
| Investments—publicly traded securities | $10,240,278,364 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $311,600 |
| Other assets | $6,910,357,403 |
| Total assets | $24,115,349,346 |
| Accounts payable and accrued expenses | $6,102,300,208 |
| Grants payable | $0 |
| Deferred revenue | $723,954,229 |
| 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 | $14,974,067,695 |
| Total liabilities | $21,800,322,132 |
| 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 | -$284,041,319 |
| Retained earnings, endowment, accumulated income, or other funds | $2,599,068,533 |
| Total liabilities and net assets/fund balances | $24,115,349,346 |
Grants Awarded
Over the last fiscal year, Kaiser Foundation Health Plan Inc has awarded $251,148,518 in support to 163 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: Grants/Donation | $230,000,000 |
San Francisco, CA PURPOSE: Generation Thrive Grant | $10,000,000 |
Arlington, VA PURPOSE: Execution of Mental Health Sponsorship | $3,250,000 |
Portland, OR PURPOSE: Project Support | $649,553 |
atlanta, GA PURPOSE: Project Support | $501,250 |
Silver Spring, MD PURPOSE: Project Support | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kaiser Foundation Health Plan Inc has recieved totaling $17,173.
| Awarding Organization | Amount |
|---|---|
Sonoma County Academic Foundation For Excellence In Medicine Santa Rosa, CA PURPOSE: DONATION OF MEDICAL MODELS FOR MEDICAL PERSONNEL TRAINING | $17,173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Health Advantage Sacramento, CA | $74,023,272 | $786,708,097 |
Scripps Health Plan Services Inc San Diego, CA | $217,998,744 | $789,770,963 |
Banner Medical Group Phoenix, AZ | $77,090,808 | $407,251,609 |
Sutter Health Plan Sacramento, CA | $132,507,976 | $533,987,669 |
Childrens Hospital Los Angeles Medical Group Inc Los Angeles, CA | $76,726,710 | $214,260,500 |
Health Plan Of Careoregon Inc Portland, OR | $78,222,878 | $187,308,824 |
Banner Medical Group Colorado Phoenix, AZ | $26,420,672 | $119,056,527 |
Washington Township Medical Foundation Fremont, CA | $8,144,743 | $43,358,116 |
Aocds Medical Benefits Trust Santa Ana, CA | $44,415,254 | $67,946,374 |
Aspire Health Plan Monterey, CA | $12,873,908 | $47,351,883 |
University Of Nevada School Of Med Multispecialty Group Practice Nort Reno, NV | $4,763,933 | $16,309,444 |
Good Samaritan Medical Office Bldg Inc Los Angeles, CA | $115,199,271 | $6,243,614 |