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← DRISCOLL CHILDRENS HEALTH PLAN

Form 990 for tax year 2022

Filed by DRISCOLL CHILDRENS HEALTH PLAN.

Totals

Total revenue
$1,220,319,695
Total expenses
$1,171,874,203
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,181,931,302
Investment income
$38,388,393
Other revenue
$0
Total assets, end of year
$482,409,975
Total liabilities, end of year
$201,332,732
Net assets or fund balances, end of year
$281,077,243
Program services expenses (Part IX)
$1,074,157,069
Management and general expenses
$97,717,134
Fundraising expenses
$0
Program service expenses (Part III)
$1,074,157,069

Program services were 91.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Premium Revenue

    total $1,181,931,302 · related or exempt $1,181,931,302

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $38,388,393 · excluded $38,388,393

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $37,229,916 · program services $14,590,000 · management and general $22,639,916

  • 8 · Pension plan contributions

    total $2,250,354 · program services $623,687 · management and general $1,626,667

  • 9 · Other employee benefits

    total $5,537,265 · program services $2,211,972 · management and general $3,325,293

  • 10 · Payroll taxes

    total $2,533,671 · program services $1,064,141 · management and general $1,469,530

  • 11a · Fees: management

    total $5,234,017 · program services $571,209 · management and general $4,662,808

  • 11d · Fees: lobbying

    total $35,257 · management and general $35,257

  • 11f · Fees: investment management

    total $347,626 · management and general $347,626

  • 11g · Fees: other

    total $5,932,088 · program services $0 · management and general $5,932,088 · fundraising $0

  • 12 · Advertising and promotion

    total $115,250 · management and general $115,250

  • 13 · Office expenses

    total $1,591,692 · management and general $1,591,692

  • 14 · Information technology

    total $4,784,671 · management and general $4,784,671

  • 16 · Occupancy

    total $1,750,689 · management and general $1,750,689

  • 17 · Travel

    total $3,670,916 · management and general $3,670,916

  • 22 · Depreciation, depletion and amortization

    total $1,740,147 · management and general $1,740,147

  • 23 · Insurance

    total $2,469,189 · management and general $2,469,189

  • 24a · Other expenses: MEDICAL EXPENSES

    total $1,030,757,516 · program services $1,030,757,516

  • 24b · Other expenses: PREMIUM TAXES

    total $24,338,544 · program services $24,338,544

  • 24c · Other expenses: MEMBER VALUE ADD EXPENSE

    total $2,477,423 · management and general $2,477,423

  • 24d · Other expenses: ALLOCATED COSTS

    total $33,988,914 · management and general $33,988,914

  • 24e · All other expenses

    total $5,089,058 · program services $0 · management and general $5,089,058 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,013,366 · end of year $169,206,958

  • 2 · Savings and temporary cash investments

    beginning of year $19,997,327 · end of year $0

  • 4 · Accounts receivable

    beginning of year $10,269,261 · end of year $42,143,215

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,364 · end of year $262,008

  • 10a · Land, buildings and equipment: cost or other basis

    $10,230,726

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,249,455

  • 10c · Land, buildings and equipment, net

    beginning of year $5,721,418 · end of year $3,981,271

  • 11 · Investments: publicly traded securities

    beginning of year $289,428,628 · end of year $265,551,523

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,265,000 · end of year $1,265,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $179,682,806 · end of year $201,332,732

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $17,338,934 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $263,760,624 · end of year $281,077,243

Mission and programs · 2022

Mission

DRISCOLL CHILDREN'S HEALTH PLAN IS COMMITTED TO PROVIDING EFFICIENT, COST-EFFECTIVE, QUALITY CARE THROUGH A DEDICATED AND COMPASSIONATE, HEALTH CARE TEAM AND RESPECTFUL COORDINATION WITH ITS PROVIDER NETWORK.

Activities or mission (Part I)

Committed to providing efficient, cost-effective, quality care through a dedicated and compassionate health care team & respectful collaboration with its provider network.

  • SEE SCHEDULE O.

    Expenses $1,074,157,069 · Revenue $1,181,931,302

As filed on the 2022 return.

Listed in Part VII

  • Eric Hamon

    Board Member/SECRETARY

    Total calculated
    $1,487,805
    From this org
    $0
    From related orgs
    $1,429,977
    Other
    $57,828
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $977,105 related
    Bonus
    $0 + $327,042 related
    Other
    $0 + $125,830 related
    Deferred
    $0 + $29,750 related
    Nontaxable benefits
    $0 + $28,078 related
    Filer's total
    $0 + $1,487,805 related

  • Bob Parker

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jim Devlin

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Julie Buckley

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Carrell

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Val Lamantia Peisen

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gregory A Ward

    Chief Financial Officer

    Total calculated
    $414,899
    From this org
    $0
    From related orgs
    $370,046
    Other
    $44,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $174,075 related
    Bonus
    $0 + $90,319 related
    Other
    $0 + $105,652 related
    Deferred
    $0 + $19,357 related
    Nontaxable benefits
    $0 + $25,496 related
    Filer's total
    $0 + $414,899 related

  • James Smith

    President & Chief Executive Officer

    Total calculated
    $619,559
    From this org
    $0
    From related orgs
    $589,518
    Other
    $30,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $435,473 related
    Bonus
    $0 + $116,874 related
    Other
    $0 + $37,171 related
    Deferred
    $0 + $7,989 related
    Nontaxable benefits
    $0 + $22,052 related
    Filer's total
    $0 + $619,559 related

  • Jennifer S Brooks

    VP of Claims Administration

    Total calculated
    $326,090
    From this org
    $0
    From related orgs
    $281,052
    Other
    $45,038
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $203,826 related
    Bonus
    $0 + $55,991 related
    Other
    $0 + $21,235 related
    Deferred
    $0 + $23,569 related
    Nontaxable benefits
    $0 + $21,469 related
    Filer's total
    $0 + $326,090 related

  • Stephen P Collins

    VP Provider Relations & Network Strategy

    Total calculated
    $415,739
    From this org
    $0
    From related orgs
    $376,461
    Other
    $39,278
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $273,377 related
    Bonus
    $0 + $76,783 related
    Other
    $0 + $26,301 related
    Deferred
    $0 + $22,405 related
    Nontaxable benefits
    $0 + $16,873 related
    Filer's total
    $0 + $415,739 related

  • Timothy Neyer

    Senior Director Finance DCHP

    Total calculated
    $225,307
    From this org
    $0
    From related orgs
    $208,165
    Other
    $17,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $178,341 related
    Bonus
    $0 + $27,651 related
    Other
    $0 + $2,173 related
    Deferred
    $0 + $5,289 related
    Nontaxable benefits
    $0 + $11,853 related
    Filer's total
    $0 + $225,307 related

  • Daniel Doucet

    Medical Director

    Total calculated
    $354,032
    From this org
    $0
    From related orgs
    $328,639
    Other
    $25,393
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $284,393 related
    Bonus
    $0 + $43,148 related
    Other
    $0 + $1,098 related
    Deferred
    $0 + $3,699 related
    Nontaxable benefits
    $0 + $21,694 related
    Filer's total
    $0 + $354,032 related

  • Frederick Mccurdy

    Medical Director

    Total calculated
    $400,555
    From this org
    $0
    From related orgs
    $349,726
    Other
    $50,829
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $263,339 related
    Bonus
    $0 + $46,252 related
    Other
    $0 + $40,135 related
    Deferred
    $0 + $25,514 related
    Nontaxable benefits
    $0 + $25,315 related
    Filer's total
    $0 + $400,555 related

  • Heather Pigott

    Senior Director of Health Services

    Total calculated
    $259,036
    From this org
    $0
    From related orgs
    $225,285
    Other
    $33,751
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $181,926 related
    Bonus
    $0 + $28,443 related
    Other
    $0 + $14,916 related
    Deferred
    $0 + $21,214 related
    Nontaxable benefits
    $0 + $12,537 related
    Filer's total
    $0 + $259,036 related

  • Karl Serrao MD

    Chief Medical Director

    Total calculated
    $658,495
    From this org
    $0
    From related orgs
    $553,726
    Other
    $104,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $336,319 related
    Bonus
    $0 + $153,973 related
    Other
    $0 + $63,434 related
    Deferred
    $0 + $76,572 related
    Nontaxable benefits
    $0 + $28,197 related
    Filer's total
    $0 + $658,495 related

  • Lisa D Sprenger

    Pharmacy Program Director

    Total calculated
    $275,746
    From this org
    $0
    From related orgs
    $230,564
    Other
    $45,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $190,895 related
    Bonus
    $0 + $30,832 related
    Other
    $0 + $8,837 related
    Deferred
    $0 + $19,637 related
    Nontaxable benefits
    $0 + $25,545 related
    Filer's total
    $0 + $275,746 related

  • Ernest Buck MD

    Former Chief Medical Director

    Total calculated
    $478,049
    From this org
    $0
    From related orgs
    $434,698
    Other
    $43,351
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $344,381 related
    Bonus
    $0 + $58,591 related
    Other
    $0 + $31,726 related
    Deferred
    $0 + $22,335 related
    Nontaxable benefits
    $0 + $21,016 related
    Filer's total
    $0 + $478,049 related

  • Mary D Peterson MD

    Former President

    Total calculated
    $885,494
    From this org
    $0
    From related orgs
    $828,008
    Other
    $57,486
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $620,974 related
    Bonus
    $0 + $173,273 related
    Other
    $0 + $33,761 related
    Deferred
    $0 + $29,211 related
    Nontaxable benefits
    $0 + $28,275 related
    Filer's total
    $0 + $885,494 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE FILING ORGANIZATION, DRISCOLL CHILDREN'S HEALTH PLAN, DOES NOT COMPENSATE OR PROVIDE BENEFITS. ALL COMPENSATION AND BENEFITS ARE DETERMINED AND PAID BY DRISCOLL CHILDREN'S HOSPITAL, A RELATED TAX EXEMPT ORGANIZATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE NONQUALIFIED 457(F) PLAN COVERED THE EXECUTIVE LEADERSHIP TEAM DURING 2022. VESTING OCCURS WHEN EMPLOYEES MEET A PRESELECTED DATE THEY CHOOSE AT THE TIME OF ENROLLMENT. THE FOLLOWING INDIVIDUAL RECEIVED A TAXABLE DISTRIBUTION FROM THE PLAN IN 2022. THE AMOUNT WAS INCLUDED IN COLUMN (B)(III) AS OTHER COMPENSATION. Gregory Ward $80,716 Karl Serrao, MD $36,275
Schedule J, Part I, Line 7 NON-FIXED PAYMENTS
CERTAIN EXECUTIVES AND MANAGEMENT TEAM MEMBERS ARE ELIGIBLE FOR DISCRETIONARY INCENTIVE BONUSES DETERMINED THROUGH A REVIEW OF SYSTEM AND INDIVIDUAL ACCOMPLISHED GOALS. ALL BONUSES REQUIRE BOARD APPROVAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALLEGRA INSURANCE COMPANY LTD

    C Corporation · CAPTIVE INSURANCE · CJ · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
4 November 2023
IRS schema version
2022v5.0
Source object
202343079349302524

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