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Nonprofiteer
← UTMB HEALTH PLANS INC

Form 990 for tax year 2023

Filed by UTMB HEALTH PLANS INC.

Totals

Total revenue
$436,037
Total expenses
$378,850
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$214,462
Investment income
$221,575
Other revenue
$0
Total assets, end of year
$7,366,131
Total liabilities, end of year
$106,216
Net assets or fund balances, end of year
$7,259,915
Program services expenses (Part IX)
$328,827
Management and general expenses
$50,023
Fundraising expenses
$0
Program service expenses (Part III)
$328,827

Program services were 86.8% 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: MANAGED CARE

    total $214,462 · related or exempt $214,462

  • 3 · Investment income

    total $207,241 · excluded $207,241

  • 7a · Gross sales of assets other than inventory

    securities $100,000

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

    securities $85,666

  • 7c · Gain or loss

    securities $14,334

  • 7d · Net gain or loss

    total $14,334 · excluded $14,334

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $12,303 · management and general $12,303

  • 6 · Compensation of disqualified persons

    total $98,729 · program services $61,289 · management and general $37,440

  • 9 · Other employee benefits

    total $4 · management and general $4

  • 11b · Fees: legal

    total $13 · management and general $13

  • 11c · Fees: accounting

    total $9,242 · program services $9,201 · management and general $41

  • 11g · Fees: other

    total $223,205 · program services $223,200 · management and general $5

  • 12 · Advertising and promotion

    total $12 · management and general $12

  • 13 · Office expenses

    total $7,767 · program services $7,729 · management and general $38

  • 14 · Information technology

    total $2 · management and general $2

  • 16 · Occupancy

    total $4 · management and general $4

  • 23 · Insurance

    total $23,245 · program services $23,084 · management and general $161

  • 24a · Other expenses: PREMIUM TAX AND FEES

    total $2,824 · program services $2,824

  • 24b · Other expenses: COMPLIANCE PHONE

    total $1,500 · program services $1,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,809 · end of year $20,772

  • 2 · Savings and temporary cash investments

    beginning of year $6,568,519 · end of year $7,316,507

  • 4 · Accounts receivable

    beginning of year $17,658 · end of year $18,402

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,629 · end of year $10,450

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,610 · end of year $92,094

  • 19 · Deferred revenue

    beginning of year $6,371 · end of year $5,013

  • 25 · Other liabilities

    beginning of year $9,097 · end of year $9,109

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,592,537 · end of year $7,259,915

Mission and programs · 2023

Mission

SEE SCHEDULE O UTMB HEALTH PLANS, INC. WAS ESTABLISHED TO HELP THE UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON FULFILL THE MISSION OF EDUCATION, RESEARCH, AND PATIENT CARE. FULFILLING THE MISSION OF PATIENT CARE INCLUDES MAINTENANCE OF A MEDICARE SELECT INSURANCE PROGRAM. MEDICARE SELECT IS A MEDICARE SUPPLEMENTAL POLICY AVAILABLE TO RESIDENTS OF GALVESTON COUNTY.

Activities or mission (Part I)

SEE SCHEDULE O UTMB HEALTH PLANS, INC. WAS ESTABLISHED TO HELP THE UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON FULFILL THE MISSION OF EDUCATION, RESEARCH AND PATIENT CARE. FULFILLING THE MISSION OF PATIENT CARE INCLUDES MAINTENANCE OF A MEDICARE SELECT INSURANCE PROGRAM. MEDICARE SELECT IS A MEDICARE SUPPLEMENTAL POLICY AVAILABLE TO RESIDENTS OF GALVESTON COUNTY.

  • HMO AND MANAGED CARE CONTRACTING FOR THE UNIVERSITY OF TEXAS MEDICAL BRANCH HOSPITALS AND CLINICS AND OTHER SUCH PROVIDERS AS MAY BE NECESSARY AND APPROPRIATE TO ENABLE UTMB TO FULFILL ITS MISSION.

    Expenses $328,827 · Revenue $214,462

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

Listed in Part VII

  • Charles Mouton MD

    DIRECTOR

    Total calculated
    $1,262,605
    From this org
    $0
    From related orgs
    $1,157,912
    Other
    $104,693
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,156,392 related
    Bonus
    $0
    Other
    $0 + $1,520 related
    Deferred
    $0 + $100,000 related
    Nontaxable benefits
    $0 + $4,693 related
    Filer's total
    $0 + $1,262,605 related

  • Jochen Reiser MD PhD

    CHAIR, SOLE MEMBER

    Total calculated
    $659,421
    From this org
    $0
    From related orgs
    $449,696
    Other
    $209,725
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,696 related
    Bonus
    $0
    Other
    $0 + $50,000 related
    Deferred
    $0 + $208,334 related
    Nontaxable benefits
    $0 + $1,391 related
    Filer's total
    $0 + $659,421 related

  • Jennifer B Sarpalius CPA

    PRESIDENT AND CEO

    Total calculated
    $317,061
    From this org
    $0
    From related orgs
    $315,903
    Other
    $1,158
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,054 related
    Bonus
    $0
    Other
    $0 + $70,849 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,158 related
    Filer's total
    $0 + $317,061 related

  • C Aaron Lemay CPA JD Msed

    TREASURER/DIRECTOR

    Total calculated
    $506,867
    From this org
    $0
    From related orgs
    $446,629
    Other
    $60,238
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,361 related
    Bonus
    $0 + $31,908 related
    Other
    $0 + $1,360 related
    Deferred
    $0 + $50,000 related
    Nontaxable benefits
    $0 + $10,238 related
    Filer's total
    $0 + $506,867 related

  • Rebecca Korenek MBA Mha

    VICE CHAIR

    Total calculated
    $989,636
    From this org
    $0
    From related orgs
    $886,741
    Other
    $102,895
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $773,628 related
    Bonus
    $0 + $112,013 related
    Other
    $0 + $1,100 related
    Deferred
    $0 + $100,000 related
    Nontaxable benefits
    $0 + $2,895 related
    Filer's total
    $0 + $989,636 related

  • B Kent Pickering JD Ma

    DIRECTOR

    Total calculated
    $366,437
    From this org
    $0
    From related orgs
    $356,753
    Other
    $9,684
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,253 related
    Bonus
    $0 + $32,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,684 related
    Filer's total
    $0 + $366,437 related

  • Cheryl S Herrod

    SECETARY

    Total calculated
    $106,985
    From this org
    $0
    From related orgs
    $98,260
    Other
    $8,725
    Hours/week
    5 + 35 related

  • Dustin J Thomas

    FORMER PRESIDENT AND CEO

    Total calculated
    $8,692
    From this org
    $0
    From related orgs
    $8,692
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $8,692 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $8,692 related

  • Anish Bhardwaj MD

    FORMER VICE CHAIR

    Total calculated
    $848,197
    From this org
    $0
    From related orgs
    $846,361
    Other
    $1,836
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $644,934 related
    Bonus
    $0 + $195,507 related
    Other
    $0 + $5,920 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,836 related
    Filer's total
    $0 + $848,197 related

  • David C Gruener

    FORMER PRESIDENT AND CEO

    Total calculated
    $359,640
    From this org
    $0
    From related orgs
    $352,796
    Other
    $6,844
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $316,636 related
    Bonus
    $0 + $36,160 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,844 related
    Filer's total
    $0 + $359,640 related

  • Maria L Gonzalez

    FORMER SECRETARY

    Total calculated
    $101,141
    From this org
    $0
    From related orgs
    $100,504
    Other
    $637
    Hours/week
    0

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)

PART I, LINE 3
THE CEO RECEIVES NO COMPENSATION FROM UTMB HEALTH PLANS, INC. THE CEO IS COMPENSATED BY THE UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON. THE UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON USES LABOR MARKET SURVEY INFORMATION TO ESTABLISH THE COMPENSATION OF THE CEO.
PART I, LINE 4B
SEVERANCE NONQUALIFIED EQUITY-BASED CHARLES MOUTON, MD 0 100,000 0 C. AARON LEMAY, CPA, JD, MSED 0 50,000 0 REBECCA B. KORENEK, MBA, MHA 0 100,000 0 JOCHEN REISER, MD, PHD 0 208,334 0

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.

  • FHC FAMILY HEALTHCARE CENTERS INC

    C · INACTIVE · TX

  • HSI HEALTHCARE SERVICES INC

    C · INACTIVE · TX

Provenance

Return type
form_990
Tax year
2023
Filed
18 June 2025
IRS schema version
2023v6.0
Source object
202521889349300907

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