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Nonprofiteer
← VNS CHOICE

Form 990 for tax year 2023

Filed by VNS CHOICE.

Totals

Total revenue
$2,337,109,744
Total expenses
$2,241,630,575
Contributions and grants received
$442,616
Grants paid
$0
Program service revenue
$2,329,191,203
Investment income
$7,346,531
Other revenue
$129,394
Total assets, end of year
$735,944,441
Total liabilities, end of year
$351,573,009
Net assets or fund balances, end of year
$384,371,432
Program services expenses (Part IX)
$2,051,838,526
Management and general expenses
$189,792,049
Fundraising expenses
$0
Program service expenses (Part III)
$2,051,838,526

Program services were 91.5% 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.

  • 1e · Government grants (contributions)

    $442,616

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $2,329,191,203 · related or exempt $2,329,191,203

  • 3 · Investment income

    total $12,956,408 · unrelated business $0 · excluded $12,956,408

  • 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

  • 7a · Gross sales of assets other than inventory

    securities $678,593,826

  • 7b · Less cost or other basis and sales expenses

    securities $684,203,703

  • 7c · Gain or loss

    securities -$5,609,877

  • 7d · Net gain or loss

    total -$5,609,877 · excluded -$5,609,877

  • 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

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $129,394 · excluded $129,394

  • 11e · Other revenue, total

    $129,394

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 $753,046 · program services $170,750 · management and general $582,296

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $19,069,773 · program services $4,325,947 · management and general $14,743,826

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $2,018,499 · program services $448,999 · management and general $1,569,500

  • 10 · Payroll taxes

    total $1,335,682 · program services $299,607 · management and general $1,036,075

  • 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 $556,479 · management and general $556,479

  • 11g · Fees: other

    total $2,085,531,150 · program services $2,023,140,373 · management and general $62,390,777 · fundraising $0

  • 12 · Advertising and promotion

    total $1,853,346 · management and general $1,853,346

  • 13 · Office expenses

    total $1,433,707 · management and general $1,433,707

  • 14 · Information technology

    total $1,868,561 · management and general $1,868,561

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $9,759,310 · management and general $9,759,310

  • 17 · Travel

    total $327,003 · management and general $327,003

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $140,681 · management and general $140,681

  • 20 · Interest

    total $7,494,722 · program services $841,944 · management and general $6,652,778

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,558,204 · program services $1,558,204

  • 23 · Insurance

    total $2,080,683 · management and general $2,080,683

  • 24a · Other expenses: SHARED SERVICES

    total $83,454,519 · management and general $83,454,519

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $21,052,702 · program services $21,052,702

  • 24c · Other expenses: OTHER EXPENSES

    total $1,342,508 · management and general $1,342,508

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,450,717 · end of year $14,018,761

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $115,603,588 · end of year $159,847,475

  • 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 $22,615,716 · end of year $29,783,632

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

    $26,193,261

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

    $20,394,714

  • 10c · Land, buildings and equipment, net

    beginning of year $6,629,299 · end of year $5,798,547

  • 11 · Investments: publicly traded securities

    beginning of year $505,435,085 · end of year $415,674,915

  • 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 $3,250,000 · end of year $3,250,000

  • 15 · Other assets

    beginning of year $88,089,585 · end of year $107,571,111

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,113,098 · end of year $27,860,376

  • 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 $455,498,698 · end of year $323,712,633

  • 27 · Net assets without donor restrictions

    beginning of year $263,462,194 · end of year $384,371,432

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO HELP MEMBERS CONTINUE TO LIVE INDEPENDENTLY IN THEIR OWN HOME AND COMMUNITIES FOR AS LONG AS POSSIBLE THROUGH PROACTIVE SUPPORT OF BOTH PREVENTATIVE AND EMERGENT CARE NEEDS. PLEASE REFER TO SCHEDULE O FOR ADDITIONAL INFORMATION.

Activities or mission (Part I)

TO HELP MEMBERS CONTINUE TO LIVE INDEPENDENTLY IN THEIR OWN HOMES AND COMMUNITIES. PLEASE REFER TO CORE FORM, PART III & SCHEDULE O FOR ADDITIONAL INFORMATION.

  • VNS HEALTH MLTC: This program provides an array of home, community, and facility-based long-term care services to eligible enrollees. MLTC Plus program provides both Medicare and Medicaid benefits to the eligible enrollees.

    Expenses $1,869,817,422 · Revenue $2,129,828,339

  • SELECTHEALTH FROM VNS HEALTH: THIS PROGRAM SERVES THEMEDICAID HIV SPECIAL NEEDS POPULATION. THIS HIGH NEEDS HIGH ACUITY POPULATION INCLUDES HOMELESS AND TRANSGENDER AS WELL. FOR THE LAST THREE CONSECUTIVE YEARS, SELECTHEALTH HAS HAD THE HIGHEST VIRAL LOAD SUPPRESSION RATE FOR THE HIV POSITIVE MEMBERSHIP AND CONTINUES TO PARTNER AS A RECIPIENT OF THE ENDING THE EPIDEMIC GRANT. PLEASE REFER TO SCHEDULE O FOR ADDITIONAL INFORMATION.

    Expenses $109,724,259 · Revenue $134,012,258

  • VNS HEALTH EASYCARE PLUS IS A D-SNP DESIGNED TO OFFER FOCUSED CARE MANAGEMENT TO INDIVIDUALS THAT HAVE BOTH MEDICARE AND MEDICAID. VNS HEALTH EASYCARE IS AN HMO MEDICARE ADVANTAGE PRESCRIPTION DRUG (MAPD) PLAN DESIGNED TO MAKE MEDICAL CARE MORE AFFORDABLE. THE PLAN PROVIDES BOTH PART A & PART B COVERAGE TO ENROLLEES WHO ARE ELIGIBLE FOR MEDICARE BENEFITS.

    Expenses $72,296,845 · Revenue $65,350,606

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DANIEL SAVITT

    DIRECTOR;EX-OFFICIO - CEO/PRES

    Total calculated
    $2,140,459
    From this org
    $0
    From related orgs
    $2,003,708
    Other
    $136,751
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $1,346,113 related
    Bonus
    $0 + $445,578 related
    Other
    $0 + $212,017 related
    Deferred
    $0 + $49,793 related
    Nontaxable benefits
    $0 + $86,958 related
    Filer's total
    $0 + $2,140,459 related
  • KEITH PATTERSON

    EVP & CFO

    Total calculated
    $838,132
    From this org
    $0
    From related orgs
    $782,883
    Other
    $55,249
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $568,903 related
    Bonus
    $0 + $127,500 related
    Other
    $0 + $86,480 related
    Deferred
    $0 + $20,831 related
    Nontaxable benefits
    $0 + $34,418 related
    Filer's total
    $0 + $838,132 related
  • HANY ABDELAAL DO

    PRES, VHHP (TERM 6/2023)

    Total calculated
    $753,046
    From this org
    $724,380
    From related orgs
    $0
    Other
    $28,666
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $340,087
    Bonus
    $147,000
    Other
    $237,293
    Deferred
    $4,950
    Nontaxable benefits
    $23,716
    Filer's total
    $753,046
  • JAY DOBKIN MD

    CMO, HEALTH PLANS

    Total calculated
    $392,679
    From this org
    $344,731
    From related orgs
    $0
    Other
    $47,948
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $283,797
    Bonus
    $37,198
    Other
    $23,736
    Deferred
    $9,681
    Nontaxable benefits
    $38,267
    Filer's total
    $392,679
  • DAVID ROBINSON

    VP, SALES & PARTNERSHIP DEV.

    Total calculated
    $373,111
    From this org
    $319,065
    From related orgs
    $0
    Other
    $54,046
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $257,227
    Bonus
    $39,200
    Other
    $22,638
    Deferred
    $8,801
    Nontaxable benefits
    $45,245
    Filer's total
    $373,111
  • JAMES BIEBEL

    VP, PROVIDER NTWK CONTRACTING

    Total calculated
    $330,480
    From this org
    $287,106
    From related orgs
    $0
    Other
    $43,374
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $248,663
    Bonus
    $29,344
    Other
    $9,099
    Deferred
    $8,227
    Nontaxable benefits
    $35,147
    Filer's total
    $330,480
  • Michael Tricomi

    VP of Product Management

    Total calculated
    $320,439
    From this org
    $261,182
    From related orgs
    $0
    Other
    $59,257
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $231,399
    Bonus
    $28,800
    Other
    $983
    Deferred
    $7,071
    Nontaxable benefits
    $52,186
    Filer's total
    $320,439
  • TOBIAS GERMOSO

    AVP, PARTNERSHIP DEVELOPMENT

    Total calculated
    $302,320
    From this org
    $251,515
    From related orgs
    $0
    Other
    $50,805
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $215,020
    Bonus
    $31,229
    Other
    $5,266
    Deferred
    $6,288
    Nontaxable benefits
    $44,517
    Filer's total
    $302,320
  • PETER L HUTCHINGS

    CHAIR - DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MARY R NINA HENDERSON

    VICE CHAIR/SEC. - DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William Mike Allen

    Director

    Total calculated
    $0
    Hours/week
    1
  • Robert C Daum

    Director

    Total calculated
    $0
    Hours/week
    1
  • Darren Fogel

    Director

    Total calculated
    $0
    Hours/week
    1
  • Joseph D Mark

    Director

    Total calculated
    $0
    Hours/week
    1
  • PHYLLIS J MILLS BSN RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carol Raphael

    Director

    Total calculated
    $0
    Hours/week
    1
  • ANDREW N SCHIFF MD

    DIRECTOR; EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Edward Torres

    Director

    Total calculated
    $0
    Hours/week
    1
  • Mark Godfrey

    Director (Term 9/2023)

    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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

CORE FORM, PART VII AND SCHEDULE J
TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2023 FORMS W-2.
SCHEDULE J, PART I; QUESTION 3
CERTAIN OFFICERS ARE COMPENSATED FOR SERVICES PROVIDED TO VNS CHOICE D/B/A VNS HEALTH HEALTH PLANS ("VNS HEALTH HEALTH PLANS"). THE COMPENSATION POLICIES ADOPTED FROM VISITING NURSE SERVICE OF NEW YORK D/B/A VNS HEALTH ("VNS HEALTH"); A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, ARE SUBJECT TO OVERSIGHT AND REVIEW. PLEASE REFER TO THE CORE FORM, PART VI, SECTION B; QUESTION 15 NARRATIVE INCLUDED WITHIN SCHEDULE O FOR ADDITIONAL INFORMATION.
SCHEDULE J, PART I; QUESTION 4B
THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUALS INCLUDES CURRENT YEAR VESTING IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) AS THE AMOUNTS WERE NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNTS OUTLINED HEREIN WERE INCLUDED IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DANIEL SAVITT, $189,739; KEITH PATTERSON, $63,920 AND HANY ABDELAAL, D.O., $125,872. THE DEFERRED COMPENSATION AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDES UNVESTED BENEFITS IN A LONG-TERM INCENTIVE PLAN, WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN WAS NOT INCLUDED IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DANIEL SAVITT, $44,843; KEITH PATTERSON, $15,881; JAY DOBKIN, M.D., $5,115; DAVID ROBINSON, $4,620, JAMES BIEBEL, $4,035; MICHAEL TRICOMI, $3,960 AND TOBIAS GERMOSO, $3,681.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH AMOUNTS WERE INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. EMPLOYEE BONUSES ARE NON-FIXED PAYMENTS BASED UPON PERFORMANCE. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

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.

Related corporations and trusts

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

  • MEDICAL CARE AT HOME PC

    C CORP. · HEALTH SVCS. · NY

    Directly controlled by NA

  • VNS HEALTH HOLDINGS INC

    C CORP. · HOLDING COMPANY · NY · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by VNSNY

  • VNS HEALTH SERVICES IPA INC

    C CORP. · HEALTH SVCS. · NY · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by VNSNY

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202422929349301752

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