Skip to content
Nonprofiteer
← HEALTHFIRST INC

Form 990 for tax year 2024

Filed by HEALTHFIRST INC.

Totals

Total revenue
$2,427
Total expenses
$1,500
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$2,427
Other revenue
$0
Total assets, end of year
$259,111,682
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$259,111,682
Program services expenses (Part IX)
$0
Management and general expenses
$1,500
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 3 · Investment income

    total $2,427 · unrelated business $0 · excluded $2,427

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: DUES & FILLING FEES

    total $1,500 · program services $0 · management and general $1,500 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $193,357 · end of year $194,284

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $258,917,398 · end of year $258,917,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $259,110,755 · end of year $259,111,682

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO PROMOTE THE PROVISION OF HEALTH SERVICES TO INDIGENT AND OTHER PERSONS THROUGH THE SUPPORT OF A PREPAID HEALTH SERVICES PLAN AND OTHER NOT-FOR-PROFIT HEALTH MAINTENANCE ORGANIZATIONS ENGAGED IN THE OFFERING OF MEDICAID MANAGED CARE AND OTHER FEDERAL AND STATE MANAGED CARE PRODUCTS.

Activities or mission (Part I)

TO PROMOTE THE PROVISION OF HEALTH SERVICES TO INDIGENT AND OTHER PERSONS THROUGH THE SUPPORT OF PLANS ENGAGED IN OFFERING MEDICAID, MEDICARE AND LONG TERM MANAGED CARE.

  • PROMOTION OF THE PROVISION OF HEALTH SERVICES TO INDIGENT AND OTHER PERSONS THROUGH SUPPORT OF A PREPAID HEALTH SERVICES PLAN AND OTHER NOT-FOR-PROFIT HEALTH MAINTENANCE ORGANIZATIONS ENGAGED IN THE OFFERING OF MEDICAID MANAGED CARE, MEDICARE MANAGED CARE AND OTHER FEDERAL AND STATE MANAGED CARE PRODUCTS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patricia J Wang

    PRESIDENT AND CEO

    Total calculated
    $5,237,080
    From this org
    $0
    From related orgs
    $4,693,860
    Other
    $543,220
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,645,969 related
    Bonus
    $0 + $2,469,453 related
    Other
    $0 + $578,438 related
    Deferred
    $0 + $534,513 related
    Nontaxable benefits
    $0 + $9,872 related
    Filer's total
    $0 + $5,238,245 related

  • John J Bermel

    CHIEF FINANCIAL OFFICER

    Total calculated
    $2,141,094
    From this org
    $0
    From related orgs
    $2,102,763
    Other
    $38,331
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $889,423 related
    Bonus
    $0 + $1,123,487 related
    Other
    $0 + $89,853 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $18,946 related
    Filer's total
    $0 + $2,142,409 related

  • Gerald T Sweeney

    SVP CHIEF INFORMATION OFFICER

    Total calculated
    $1,740,491
    From this org
    $0
    From related orgs
    $1,548,324
    Other
    $192,167
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $666,108 related
    Bonus
    $0 + $713,045 related
    Other
    $0 + $169,171 related
    Deferred
    $0 + $165,324 related
    Nontaxable benefits
    $0 + $28,158 related
    Filer's total
    $0 + $1,741,806 related

  • Sean Kane

    CHIEF HR OFFICER

    Total calculated
    $1,557,029
    From this org
    $0
    From related orgs
    $1,387,832
    Other
    $169,197
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $638,420 related
    Bonus
    $0 + $631,859 related
    Other
    $0 + $117,553 related
    Deferred
    $0 + $142,354 related
    Nontaxable benefits
    $0 + $28,158 related
    Filer's total
    $0 + $1,558,344 related

  • Jay Schechtman

    CHIEF MEDICAL OFFICER

    Total calculated
    $1,502,468
    From this org
    $0
    From related orgs
    $1,341,805
    Other
    $160,663
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $601,346 related
    Bonus
    $0 + $622,061 related
    Other
    $0 + $118,398 related
    Deferred
    $0 + $134,760 related
    Nontaxable benefits
    $0 + $27,218 related
    Filer's total
    $0 + $1,503,783 related

  • Karen Weinseiss

    SVP Operations

    Total calculated
    $1,396,037
    From this org
    $0
    From related orgs
    $1,235,464
    Other
    $160,573
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $659,927 related
    Bonus
    $0 + $487,649 related
    Other
    $0 + $87,888 related
    Deferred
    $0 + $133,730 related
    Nontaxable benefits
    $0 + $28,158 related
    Filer's total
    $0 + $1,397,352 related

  • Errol Pierre

    SVP State Programs

    Total calculated
    $1,228,235
    From this org
    $0
    From related orgs
    $1,108,361
    Other
    $119,874
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $569,755 related
    Bonus
    $0 + $458,347 related
    Other
    $0 + $80,259 related
    Deferred
    $0 + $112,156 related
    Nontaxable benefits
    $0 + $9,033 related
    Filer's total
    $0 + $1,229,550 related

  • Kathryn Howell

    CLO and General Counsel

    Total calculated
    $1,066,133
    From this org
    $0
    From related orgs
    $960,748
    Other
    $105,385
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $580,770 related
    Bonus
    $0 + $372,495 related
    Other
    $0 + $7,483 related
    Deferred
    $0 + $105,385 related
    Nontaxable benefits
    $0 + $1,315 related
    Filer's total
    $0 + $1,067,448 related

  • Linda Tiano

    CLO/SECRETARY ENDED 6/2023

    Total calculated
    $453,850
    From this org
    $0
    From related orgs
    $453,850
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $453,850 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $453,850 related

  • Robert P Blanchard

    Treasurer

    Total calculated
    $452,718
    From this org
    $0
    From related orgs
    $405,175
    Other
    $47,543
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,745 related
    Bonus
    $0 + $137,659 related
    Other
    $0 + $2,771 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $27,449 related
    Filer's total
    $0 + $453,324 related

  • Rahul Rajkumar

    DIRECTOR

    Total calculated
    $105,000
    From this org
    $0
    From related orgs
    $105,000
    Other
    $0
    Hours/week
    1 + 40 related

  • Frank McCauley

    DIRECTOR

    Total calculated
    $100,000
    From this org
    $0
    From related orgs
    $100,000
    Other
    $0
    Hours/week
    1 + 40 related

  • Claire Burns

    DIRECTOR

    Total calculated
    $78,750
    From this org
    $0
    From related orgs
    $78,750
    Other
    $0
    Hours/week
    1 + 40 related

  • Miguel A Fuentes Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michele Cusack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Flanz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Gibbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Terrinoni

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Colleen Blye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Perlstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Ulberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Brotman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brent Estes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 1, LINE 3
THE COMPENSATION OF THE CEO IS DETERMINED BY THE COMPENSATION COMMITTE OF HF MANAGEMENT SERVICES, LLC, THE MANAGEMENT COMPANY THAT PROVIDES ALL SERVICES TO HFI. THE COMMITTEE CONSISTS ONLY OF HFMS MEMBER HOSPITAL EXECUTIVES (WHO ARE NOT EMPLOYED NOR COMPENSATED BY HFMS OR ANY OF ITS AFFILIATES). THE PROCESS FOR DETERMINING COMPENSATION IS DESCRIBED IN THE COMMITTEE'S CHARTER. THE PROCESS INCLUDES ENGAGEMENT OF AN OUTSIDE HUMAN RESOURCES CONSULTING FIRM TO CONDUCT A COMPARABILITY ANALYSIS. THE ANALYSIS INCLUDES COMPARABLE RANGES OF EXECUTIVE COMPENSATION USING THE COMPANY'S INDUSTRY CLASSIFICATION. THE COMMITTEE MEETS PRIOR TO IMPLEMENTATION OF ANY CHANGE IN COMPENSATION. CONTEMPORANEOUS MINUTES OF EACH MEETING ARE PREPARED.
SCHEDULE J, PART 1, LINE 4B
THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE NON-QUALIFIED RETIREMENT PLAN PROVIDED BY HF MANAGEMENT SERVICES, LLC - A RELATED ORGANIZATION. THE AMOUNTS BELOW REPRESENT CONTRIBUTIONS TO THE PLAN SPONSOR FOR 2024: PATRICIA J. WANG $520,013, JAY A. SCHECHTMAN $114,060, GERALD T. SWEENEY $144,624, SEAN KANE $121,654, ERROL PIERRE $93,912, KAREN B. WEINSEISS $113,030 AND KATHRYN HOWELL $95,000.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HFMS LLC

    3RD PTY ADM S · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • SMC PARTNERS LLC

    CONSULTING SV · CT · share of income $0 · share of assets $0

    Directly controlled by HF ADMIN SVCS

Related corporations and trusts

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

  • HF ADMINISTRATIVE SERVICES INC

    C CORP · 3RD PTY ADM S · NY · share of income $0 · share of assets $0

    Directly controlled by HF MGMT SVCS

  • HEALTHFIRST INSURANCE COMPANY INC

    C Corp · Insur.Provide · NY · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513169349305801

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.