Form 990 for tax year 2022
Filed by Healthfirst Health Plan of New Jersey Inc.
Totals
- Total revenue
- $20,755
- Total expenses
- -$192,335
- Contributions and grants received
- $0
- Grants paid
- $0
- Program services expenses (Part IX)
- -$206,627
- Management and general expenses
- $14,292
- Fundraising expenses
- $0
- Program service expenses (Part III)
- -$206,627
Listed in Part VII
-
PATRICIA J WANG
PRESIDENT AND CEO
- Total calculated
- $4,584,870
- From this org
- $0
- From related orgs
- $4,075,010
- Other
- $509,860
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $1,414,965 related
- Bonus
- not reported + $2,066,277 related
- Other
- not reported + $593,768 related
- Deferred
- $0 + $501,453 related
- Nontaxable benefits
- $0 + $9,237 related
- Filer's total
- $0 + $4,585,700 related
-
STEVEN H BLACK
CHIEF OPERATING OFFICER
- Total calculated
- $2,232,658
- From this org
- $0
- From related orgs
- $2,212,246
- Other
- $20,412
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $216,382 related
- Bonus
- not reported + $901,875 related
- Other
- not reported + $1,093,989 related
- Deferred
- $0 + $18,300 related
- Nontaxable benefits
- $0 + $2,361 related
- Filer's total
- $0 + $2,232,907 related
-
JOHN J BERMEL
CHIEF FINANCIAL OFFICER
- Total calculated
- $1,923,485
- From this org
- $0
- From related orgs
- $1,888,149
- Other
- $35,336
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $818,031 related
- Bonus
- not reported + $1,000,223 related
- Other
- not reported + $69,895 related
- Deferred
- $0 + $18,300 related
- Nontaxable benefits
- $0 + $18,099 related
- Filer's total
- $0 + $1,924,548 related
-
GERALD T SWEENEY
SVP CHIEF INFORMATION OFFICER
- Total calculated
- $1,778,444
- From this org
- $0
- From related orgs
- $1,601,680
- Other
- $176,764
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $610,892 related
- Bonus
- not reported + $836,898 related
- Other
- not reported + $153,890 related
- Deferred
- $0 + $150,740 related
- Nontaxable benefits
- $0 + $27,086 related
- Filer's total
- $0 + $1,779,506 related
-
SEAN KANE
CHIEF HR OFFICER
- Total calculated
- $1,480,958
- From this org
- $0
- From related orgs
- $1,323,066
- Other
- $157,892
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $544,519 related
- Bonus
- not reported + $650,966 related
- Other
- not reported + $127,581 related
- Deferred
- $0 + $131,868 related
- Nontaxable benefits
- $0 + $27,086 related
- Filer's total
- $0 + $1,482,020 related
-
JAY A SCHECHTMAN
CHIEF MEDICAL OFFICER
- Total calculated
- $1,451,000
- From this org
- $0
- From related orgs
- $1,301,217
- Other
- $149,783
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $534,195 related
- Bonus
- not reported + $662,230 related
- Other
- not reported + $104,792 related
- Deferred
- $0 + $124,779 related
- Nontaxable benefits
- $0 + $26,067 related
- Filer's total
- $0 + $1,452,063 related
-
LINDA TIANO
CHIEF LEGAL OFFICER/SECRETARY
- Total calculated
- $1,438,485
- From this org
- $0
- From related orgs
- $1,299,672
- Other
- $138,813
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $567,343 related
- Bonus
- not reported + $590,036 related
- Other
- not reported + $142,293 related
- Deferred
- $0 + $129,767 related
- Nontaxable benefits
- $0 + $10,108 related
- Filer's total
- $0 + $1,439,547 related
-
BARBARA MONTRESOR
SVP Comm & Marketing
- Total calculated
- $1,125,913
- From this org
- $0
- From related orgs
- $1,006,154
- Other
- $119,759
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $497,374 related
- Bonus
- not reported + $431,396 related
- Other
- not reported + $77,384 related
- Deferred
- $0 + $93,735 related
- Nontaxable benefits
- $0 + $27,086 related
- Filer's total
- $0 + $1,126,975 related
-
SHERYL MARKOWITZ
Executive Medical Director
- Total calculated
- $1,125,018
- From this org
- $0
- From related orgs
- $1,031,129
- Other
- $93,889
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $423,299 related
- Bonus
- not reported + $372,289 related
- Other
- not reported + $235,541 related
- Deferred
- $0 + $93,889 related
- Nontaxable benefits
- $0 + $1,049 related
- Filer's total
- $0 + $1,126,067 related
-
DEBORAH E HAMMOND
VP, MEDICAL DIRECTOR
- Total calculated
- $670,851
- From this org
- $0
- From related orgs
- $648,576
- Other
- $22,275
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $398,801 related
- Bonus
- not reported + $245,891 related
- Other
- not reported + $3,884 related
- Deferred
- $0 + $4,755 related
- Nontaxable benefits
- $0 + $18,246 related
- Filer's total
- $0 + $671,577 related
-
CRAIG BARATTIN
CONTROLLER
- Total calculated
- $597,424
- From this org
- $0
- From related orgs
- $553,100
- Other
- $44,324
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $341,268 related
- Bonus
- not reported + $209,804 related
- Other
- not reported + $2,028 related
- Deferred
- $0 + $18,300 related
- Nontaxable benefits
- $0 + $26,883 related
- Filer's total
- $0 + $598,283 related
-
ANTHONY T ORLANDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL MARON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EDWARD CONDIT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TOM DALY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHAD FORBES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ALAN BEATTY
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 — 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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 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 COMMITTEE OF HF MANAGEMENT SERVICES, LLC, THE MANAGEMENT COMPANY THAT PROVIDES ALL SERVICES TO HFNJ (A RELATED ORGANIZATION). 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 4A THE FOLLOWING INDIVIDUALS ENTERED INTO SEVERANCE AGREEMENTS AND/OR RECEIVED SEVERANCE PAYMENTS FROM HF MANAGEMENT SERVICES, LLC - AN AFFILIATE ORGANIZATION OF HEALTHFIRST. STEVEN H. BLACK. - TOTAL SEVERANCE: $1,684,615, SEVERANCE PAID IN 2022: $871,789 SEVERANCE DEFERRED: $812,826.
- 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 2022: PATRICIA J. WANG $485,449, JAY A. SCHECHTMAN $106,479, GERALD T. SWEENEY $132,440, SEAN KANE $113,568, LINDA TIANO $111,467, SHERYL MARKOWITZ $82,750.
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.
-
501(C)(3) · MANAGED CARE · NY
Directly controlled by NA
-
501(C)(4) · MANAGED CARE · NY
Directly controlled by HEALTHFIRST
-
501(C)(3) · MANAGED CARE · NY
Directly controlled by HEALTHFIRST
-
501(C)(3) · CHARITABLE · NY
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332269349302658
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