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Nonprofiteer
← MVP HEALTH CARE INC

Form 990 for tax year 2022

Filed by MVP HEALTH CARE INC.

Totals

Total revenue
$2,745
Total expenses
$156,823
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$2,745
Other revenue
$0
Total assets, end of year
$493,895,855
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$493,895,855
Program services expenses (Part IX)
$0
Management and general expenses
$156,823
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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 $2,745 · excluded $2,745

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $2,839 · management and general $2,839

  • 22 · Depreciation, depletion and amortization

    total $153,984 · management and general $153,984

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,088,520 · end of year $1,088,408

  • 14 · Intangible assets

    beginning of year $2,426,451 · end of year $2,272,467

  • 15 · Other assets

    beginning of year $473,935,342 · end of year $490,534,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $19

  • 27 · Net assets without donor restrictions

    beginning of year $97,616,510 · end of year $100,687,321

  • 28 · Net assets with donor restrictions

    beginning of year $379,833,784 · end of year $393,208,534

Mission and programs · 2022

Mission

THE ORGANIZATION IS THE PARENT OF, AND SUPPORTS THE OPERATIONS OF, A TAX-EXEMPT HEALTH MAINTENANCE ORGANIZATION AND ITS RELATED ENTITIES, AND COORDINATES A NUMBER OF SUPPORT SERVICES TO SUCH ENTITIES.

Activities or mission (Part I)

SEE SCHEDULE O THE ORGANIZATION SUPPORTS THE OPERATIONS OF A TAX-EXEMPT HEALTH MAINTENANCE ORGANIZATION AND ITS RELATED ENTITIES AND COORDINATES A NUMBER OF SUPPORT SERVICES TO SUCH ENTITIES.

  • SERVES TO PROVIDE A CENTRALIZED MANAGEMENT STRUCTURE FOR AFFILIATED HEALTH BENEFIT INSURANCE AND HEALTH BENEFIT MANAGEMENT SYSTEM SERVING COMMUNITIES IN TWO STATES: NEW YORK AND VERMONT.

As filed on the 2022 return.

Listed in Part VII

  • Christopher Del Vecchio

    PRESIDENT & CEO

    Total calculated
    $2,490,878
    From this org
    $0
    From related orgs
    $2,340,148
    Other
    $150,730
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $913,436 related
    Bonus
    $0 + $1,363,781 related
    Other
    $0 + $62,931 related
    Deferred
    $0 + $128,156 related
    Nontaxable benefits
    $0 + $22,574 related
    Filer's total
    $0 + $2,490,878 related

  • Dominick Bizzarro

    CHIEF GROWTH OFFICER

    Total calculated
    $1,072,360
    From this org
    $0
    From related orgs
    $1,028,676
    Other
    $43,684
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $549,357 related
    Bonus
    $0 + $429,331 related
    Other
    $0 + $49,988 related
    Deferred
    $0 + $21,091 related
    Nontaxable benefits
    $0 + $22,593 related
    Filer's total
    $0 + $1,072,360 related

  • Karla Austen

    TREASURER

    Total calculated
    $951,564
    From this org
    $0
    From related orgs
    $922,531
    Other
    $29,033
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,237 related
    Bonus
    $0 + $382,423 related
    Other
    $0 + $55,871 related
    Deferred
    $0 + $19,825 related
    Nontaxable benefits
    $0 + $9,208 related
    Filer's total
    $0 + $951,564 related

  • Catherine Buhler Clancy

    CHIEF OPERATIONS OFFICER

    Total calculated
    $802,184
    From this org
    $0
    From related orgs
    $759,834
    Other
    $42,350
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,595 related
    Bonus
    $0 + $315,400 related
    Other
    $0 + $44,839 related
    Deferred
    $0 + $19,825 related
    Nontaxable benefits
    $0 + $22,525 related
    Filer's total
    $0 + $802,184 related

  • Carl Cameron

    CHIEF MEDICAL OFFICER

    Total calculated
    $744,836
    From this org
    $0
    From related orgs
    $706,436
    Other
    $38,400
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,781 related
    Bonus
    $0 + $295,688 related
    Other
    $0 + $35,967 related
    Deferred
    $0 + $19,825 related
    Nontaxable benefits
    $0 + $18,575 related
    Filer's total
    $0 + $744,836 related

  • Michael Della Villa

    CHIEF DIGITAL & INFORMATION OFFICER

    Total calculated
    $736,309
    From this org
    $0
    From related orgs
    $686,240
    Other
    $50,069
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,091 related
    Bonus
    $0 + $301,051 related
    Other
    $0 + $21,098 related
    Deferred
    $0 + $32,017 related
    Nontaxable benefits
    $0 + $18,052 related
    Filer's total
    $0 + $736,309 related

  • Laurie Metheny

    CHIEF CUSTOMER EXPERIENCE OFFICER

    Total calculated
    $708,012
    From this org
    $0
    From related orgs
    $655,147
    Other
    $52,865
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,091 related
    Bonus
    $0 + $275,549 related
    Other
    $0 + $29,507 related
    Deferred
    $0 + $34,881 related
    Nontaxable benefits
    $0 + $17,984 related
    Filer's total
    $0 + $708,012 related

  • Monice Barbero

    SECRETARY (THRU 07/2022)

    Total calculated
    $688,348
    From this org
    $0
    From related orgs
    $624,591
    Other
    $63,757
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,779 related
    Bonus
    $0 + $350,053 related
    Other
    $0 + $29,759 related
    Deferred
    $0 + $58,012 related
    Nontaxable benefits
    $0 + $5,745 related
    Filer's total
    $0 + $688,348 related

  • Kelly Smith

    CHIEF OF SALES (THRU 04/2022)

    Total calculated
    $624,136
    From this org
    $0
    From related orgs
    $599,139
    Other
    $24,997
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $100,235 related
    Bonus
    $0 + $169,554 related
    Other
    $0 + $329,350 related
    Deferred
    $0 + $18,272 related
    Nontaxable benefits
    $0 + $6,725 related
    Filer's total
    $0 + $624,136 related

  • Amy Harlow

    CHIEF TALENT OFFICER

    Total calculated
    $590,844
    From this org
    $0
    From related orgs
    $572,743
    Other
    $18,101
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,231 related
    Bonus
    $0 + $183,229 related
    Other
    $0 + $55,283 related
    Deferred
    $0 + $17,015 related
    Nontaxable benefits
    $0 + $1,086 related
    Filer's total
    $0 + $590,844 related

  • Emily Titsworth - Chief Legal Offic

    & GENERAL COUNSEL (AS OF 07/2022)

    Total calculated
    $432,364
    From this org
    $0
    From related orgs
    $393,041
    Other
    $39,323
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,047 related
    Bonus
    $0 + $101,240 related
    Other
    $0 + $14,754 related
    Deferred
    $0 + $17,831 related
    Nontaxable benefits
    $0 + $21,492 related
    Filer's total
    $0 + $432,364 related

  • Alan Goldberg

    CHAIR

    Total calculated
    $89,500
    From this org
    $0
    From related orgs
    $89,500
    Other
    $0
    Hours/week
    3 + 5 related

  • David Pratt

    VICE CHAIR

    Total calculated
    $80,400
    From this org
    $0
    From related orgs
    $80,400
    Other
    $0
    Hours/week
    2.5 + 4.5 related

  • Richard D'Ascoli

    DIRECTOR

    Total calculated
    $65,500
    From this org
    $0
    From related orgs
    $65,500
    Other
    $0
    Hours/week
    3 + 3 related

  • Kevin O'Connor

    DIRECTOR

    Total calculated
    $65,500
    From this org
    $0
    From related orgs
    $65,500
    Other
    $0
    Hours/week
    1.5 + 1.5 related

  • Burt Danovitz

    DIRECTOR

    Total calculated
    $64,262
    From this org
    $0
    From related orgs
    $64,262
    Other
    $0
    Hours/week
    2 + 4 related

  • Curtis Lloyd

    DIRECTOR

    Total calculated
    $61,500
    From this org
    $0
    From related orgs
    $61,500
    Other
    $0
    Hours/week
    1.5 + 1.5 related

  • Meng-Ling Hsiao

    DIRECTOR

    Total calculated
    $60,500
    From this org
    $0
    From related orgs
    $60,500
    Other
    $0
    Hours/week
    1.5 + 1.5 related

  • Kimberly Zeoli

    DIRECTOR

    Total calculated
    $56,500
    From this org
    $0
    From related orgs
    $56,500
    Other
    $0
    Hours/week
    1.5 + 1.5 related

  • Lindsay Farrell

    DIRECTOR

    Total calculated
    $55,500
    From this org
    $0
    From related orgs
    $55,500
    Other
    $0
    Hours/week
    1.5 + 1.5 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

  • 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

The filer's explanations (Part III)

PART I, LINE 4A:
KELLY SMITH, CHIEF OF SALES, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $309,786 DURING CALENDAR YEAR 2022; THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 4B: DURING THE YEAR, SEVERAL OF THE PERSONS LISTED ON SCHEDULE J PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. EMPLOYER AND EMPLOYEE CONTRIBUTIONS DURING THE YEAR TO THIS PLAN HAVE BEEN REPORTED, AS REQUIRED, ON SCHEDULE J, PART II, COLUMNS (B)(III) AND (C). THE FOLLOWING OFFICERS AND KEY EMPLOYEES RECEIVED PAYMENTS UNDER THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN DURING THE YEAR: MONICE BARBERO $105,289 KELLY SMITH $3,494 PART I, LINE 6: RELATIVE TO BONUSES, MVP'S BOARD HAS A COMPENSATION COMMITTEE MADE UP OF FOUR BOARD MEMBERS WHO PROVIDE GOVERNANCE OVERSIGHT PROCEDURES TO ENSURE ADEQUATE BOARD OVERSIGHT OF ITS EXECUTIVE COMPENSATION PROGRAMS. THE COMPENSATION COMMITTEE MEETS AT LEAST TWO TIMES PER YEAR AND MAINTAINS FORMAL MINUTES EVIDENCING THIS OVERSIGHT. ADDITIONALLY, MVP ENGAGES AN INDEPENDENT CONSULTANT TO EVALUATE THE COMPETITIVENESS OF EXISTING REMUNERATION LEVELS FOR PURPOSES OF ATTRACTING AND RETAINING TALENTED STAFF AT ALL LEVELS. MVP PROVIDES BONUS PROGRAMS TO EMPLOYEES THAT TIE VARIABLE PAY AND INDIVIDUAL PERFORMANCE TO THE CORPORATE GOALS OF THE ORGANIZATION. THE PLANS INCLUDE LONG-TERM INCENTIVES FOR EXECUTIVES, MANAGEMENT INCENTIVES FOR MANAGEMENT-LEVEL AND ABOVE PERFORMANCE INCENTIVE FOR THE BALANCE OF THE ORGANIZATION.

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.

  • MVP HEALTH PLAN INC

    501(C)(4) · HMO, GOVTPROG · NY · controlled entity

    Directly controlled by MVPHP HOLD

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.

  • BELONG HEALTH NY LLC

    C · HOLDING CORPORATION · NY · 50% owned · share of assets $2,000,000

    Directly controlled by MVPUT HOLDING

  • BH ACO LLC

    C · MCR SUPPORT SERVICES · NY · 50% owned

    Directly controlled by BELONG HEALTH NY LLC

  • BHNY IPA LLC

    C · DSNP PROVIDER NETWORK · NY · 50% owned

    Directly controlled by BELONG HEALTH NY LLC

  • BHNY SERVICES LLC

    C · DSNP SUPPORT SERVICES · NY · 50% owned · share of income $185,410 · share of assets $378,598

    Directly controlled by BELONG HEALTH NY LLC

  • GEMINI HEALTH HOLDINGS INC

    C · HOLDING CORPORATION · DE · 100% owned · share of assets $39,482 · controlled entity

    Directly controlled by MVPUT HOLDING

  • GENOMIC CARE AND CONTROL INC

    C · PRECISION MEDICINE · DE · 49% owned · share of income $5,684 · share of assets $544,194

    Directly controlled by MVPUT HOLDING

  • MVP BENEFIT GROUP INC

    C · AGENT/BROKER · NY · 100% owned · share of income $415,665 · share of assets $441,512 · controlled entity

    Directly controlled by MVPUT HOLDING

  • MVP HEALTH INSURANCE COMPANY

    C · INSURANCE · NY · 100% owned · share of income -$6 · share of assets $5,584,411 · controlled entity

    Directly controlled by MVPRT HOLDING

  • MVP HEALTH SERVICES CORP

    C · INSURANCE · NY · 100% owned · share of income $703,151,496 · share of assets $177,100,908 · controlled entity

    Directly controlled by MVPRT HOLDING

  • MVP HEALTH SOLUTIONS IPA INC

    C · BH NTWRK CONTRACT · NY · 100% owned · share of assets $6,440 · controlled entity

    Directly controlled by MVPUT HOLDING

  • MVP HEALTH SOLUTIONS INC

    C · BH NTWRK CONTRACT · NY · 100% owned · share of assets $6,616 · controlled entity

    Directly controlled by MVPUT HOLDING

  • MVP SELECT CARE INC

    C · TPA/ASO · NY · 100% owned · share of income $29,410,335 · share of assets $36,173,142 · controlled entity

    Directly controlled by MVPUT HOLDING

  • MVP SERVICE CORP

    C · MANAGEMENT · NY · 100% owned · share of income $192,747,911 · share of assets $41,169,986 · controlled entity

    Directly controlled by MVPUT HOLDING

  • MVPHIC HOLDING CORP

    C · HOLDING CORPORATION · NY · 100% owned · share of income $732,980,901 · share of assets $274,326,240 · controlled entity

    Directly controlled by MVP HEALTH CARE

  • MVPHP HOLDING COMPANY INC

    C · HOLDING CORPORATION · NY · 100% owned · share of income $3,177,964,149 · share of assets $824,542,023 · controlled entity

    Directly controlled by MVP HEALTH CARE

  • MVPRT HOLDINGS INC

    C · HOLDING CORPORATION · NY · 100% owned · share of income $703,151,490 · share of assets $182,983,408 · controlled entity

    Directly controlled by MVPHIC HOLD

  • MVPUT HOLDINGS INC

    C · HOLDING CORPORATION · NY · 100% owned · share of income $29,829,411 · share of assets $82,270,258 · controlled entity

    Directly controlled by MVPHIC HOLD

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202313139349305796

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