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Nonprofiteer
← HEALTH FIRST COMMERCIAL PLANS INC

Form 990 for tax year 2022

Filed by HEALTH FIRST COMMERCIAL PLANS INC.

Totals

Total revenue
$255,391,568
Total expenses
$245,380,620
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$254,598,832
Investment income
$792,736
Other revenue
$0
Total assets, end of year
$122,120,572
Total liabilities, end of year
$45,139,818
Net assets or fund balances, end of year
$76,980,754
Program services expenses (Part IX)
$236,094,012
Management and general expenses
$9,286,608
Fundraising expenses
$0
Program service expenses (Part III)
$236,094,012

Program services were 96.2% 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: PREMIUM REVENUE

    total $254,598,832 · related or exempt $254,598,832

  • 3 · Investment income

    total $1,274,822 · excluded $1,274,822

  • 7a · Gross sales of assets other than inventory

    securities $25,620,106

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

    securities $26,102,192

  • 7c · Gain or loss

    securities -$482,086

  • 7d · Net gain or loss

    total -$482,086 · excluded -$482,086

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $7,613,946 · program services $6,823,048 · management and general $790,898

  • 7 · Other salaries and wages

    total $143,945 · program services $128,993 · management and general $14,952

  • 8 · Pension plan contributions

    total $1,478,132 · program services $1,324,591 · management and general $153,541

  • 9 · Other employee benefits

    total $557,793 · program services $499,852 · management and general $57,941

  • 11c · Fees: accounting

    total $105,336 · management and general $105,336

  • 11f · Fees: investment management

    total $60,059 · management and general $60,059

  • 11g · Fees: other

    total $6,663,044 · program services $5,970,921 · management and general $692,123

  • 12 · Advertising and promotion

    total $1,465,839 · program services $1,313,575 · management and general $152,264

  • 13 · Office expenses

    total $993,387 · program services $890,199 · management and general $103,188

  • 14 · Information technology

    total $746,758 · program services $669,189 · management and general $77,569

  • 16 · Occupancy

    total $109,992 · program services $98,567 · management and general $11,425

  • 17 · Travel

    total $8,819 · program services $7,903 · management and general $916

  • 19 · Conferences, conventions and meetings

    total $2,037 · program services $1,825 · management and general $212

  • 24a · Other expenses: MEDICAL SERVICES

    total $206,566,512 · program services $206,566,512

  • 24b · Other expenses: TAXES & LICENSES

    total $5,968,647 · management and general $5,968,647

  • 24c · Other expenses: BROKER COMMISSIONS

    total $2,330,421 · program services $2,330,421

  • 24e · All other expenses

    total $10,565,953 · program services $9,468,416 · management and general $1,097,537

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,172,277 · end of year $31,922,825

  • 2 · Savings and temporary cash investments

    beginning of year $1,310,260 · end of year $1,187,123

  • 4 · Accounts receivable

    beginning of year $560,611 · end of year $975,213

  • 9 · Prepaid expenses and deferred charges

    beginning of year $982,935 · end of year $501,237

  • 11 · Investments: publicly traded securities

    beginning of year $34,444,534 · end of year $35,497,736

  • 15 · Other assets

    beginning of year $34,695,740 · end of year $52,036,438

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,647,131 · end of year $36,516,264

  • 19 · Deferred revenue

    beginning of year $4,416,476 · end of year $1,408,501

  • 25 · Other liabilities

    beginning of year $6,473,317 · end of year $7,215,053

  • 27 · Net assets without donor restrictions

    beginning of year $66,629,433 · end of year $76,980,754

Mission and programs · 2022

Mission

OUR TEAM IMPROVING THE WELLNESS AND HEALTH OF YOU AND YOUR FAMILY THROUGH EXCELLENT AND COMPASSIONATE HEALTH CARE.

  • HEALTH FIRST COMMERCIAL PLANS, INC., DOING BUSINESS AS HEALTH FIRST HEALTH PLANS, OFFERS COMMERCIAL INDIVIDUAL & FAMILY PLANS WITHIN AN APPROVED SERVICE AREA CONSISTING OF BREVARD, INDIAN RIVER, LAKE, POLK, PASCO, ORANGE, OSCEOLA, VOLUSIA, FLAGLER, AND SEMINOLE COUNTIES IN FLORIDA. COMMERCIAL PRODUCTS OFFERED ARE ON AND OFF THE FEDERAL EXCHANGE MARKETPLACE. HEALTH FIRST HEALTH PLANS IS UNDERWRITTEN BY THE HEALTH FIRST COMMERCIAL PLANS, INC. HEALTH FIRST HEALTH PLANS' PRIMARY BUSINESS IS THE PROVISION OF PREPAID HEALTHCARE SERVICES TO MEMBERS RESIDING IN ITS SERVICE AREAS.

    Expenses $236,094,012 · Revenue $254,598,832

As filed on the 2022 return.

Listed in Part VII

  • Steven P Johnson

    CHAIR/PRESIDENT/CEO HFI (END 2/2023)

    Total calculated
    $2,208,499
    From this org
    $0
    From related orgs
    $2,183,427
    Other
    $25,072
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,162,221 related
    Bonus
    $0
    Other
    $0 + $21,206 related
    Deferred
    $0 + $8,200 related
    Nontaxable benefits
    $0 + $16,872 related
    Filer's total
    $0 + $2,208,499 related

  • Drew A Rector

    EVP CSO/VC (END 4/2023)

    Total calculated
    $1,195,723
    From this org
    $0
    From related orgs
    $1,166,423
    Other
    $29,300
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $844,570 related
    Bonus
    $0
    Other
    $0 + $321,853 related
    Deferred
    $0 + $8,200 related
    Nontaxable benefits
    $0 + $21,100 related
    Filer's total
    $0 + $1,195,723 related

  • Michael A Scialdone

    EVP/CFO HFI/SECR/TREA (END 1/2023)

    Total calculated
    $917,976
    From this org
    $0
    From related orgs
    $896,876
    Other
    $21,100
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $723,726 related
    Bonus
    $0
    Other
    $0 + $173,150 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,100 related
    Filer's total
    $0 + $917,976 related

  • Brett A Esrock

    EXE VP CFO/COO TREASURER (1/2023)

    Total calculated
    $761,751
    From this org
    $0
    From related orgs
    $735,252
    Other
    $26,499
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $725,700 related
    Bonus
    $0
    Other
    $0 + $9,552 related
    Deferred
    $0 + $8,200 related
    Nontaxable benefits
    $0 + $18,299 related
    Filer's total
    $0 + $761,751 related

  • Matthew F Gerrell

    PRESIDENT/SR VP CEO

    Total calculated
    $652,509
    From this org
    $0
    From related orgs
    $622,114
    Other
    $30,395
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $522,561 related
    Bonus
    $0
    Other
    $0 + $99,553 related
    Deferred
    $0 + $8,200 related
    Nontaxable benefits
    $0 + $22,195 related
    Filer's total
    $0 + $652,509 related

  • Frank S Letherby

    DIRECTOR

    Total calculated
    $651,511
    From this org
    $0
    From related orgs
    $623,512
    Other
    $27,999
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $613,517 related
    Bonus
    $0
    Other
    $0 + $9,995 related
    Deferred
    $0 + $8,200 related
    Nontaxable benefits
    $0 + $19,799 related
    Filer's total
    $0 + $651,511 related

  • Dale A Dettmer Esq

    DIRECTOR

    Total calculated
    $13,968
    From this org
    $0
    From related orgs
    $13,968
    Other
    $0
    Hours/week
    1 + 2 related

  • Alan L Prestwood

    DIRECTOR

    Total calculated
    $7,891
    From this org
    $0
    From related orgs
    $7,891
    Other
    $0
    Hours/week
    1 + 8 related

  • Kim K Patrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Nicholas W Romanello Esq

    SECRETARY

    Total calculated
    $765,983
    From this org
    $0
    From related orgs
    $736,683
    Other
    $29,300
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $588,875 related
    Bonus
    $0
    Other
    $0 + $147,808 related
    Deferred
    $0 + $8,200 related
    Nontaxable benefits
    $0 + $21,100 related
    Filer's total
    $0 + $765,983 related

  • Taylor K Smith

    INTERIM CEO HFI (BEG 2/2023)

    Total calculated
    $61,634
    From this org
    $0
    From related orgs
    $61,634
    Other
    $0
    Hours/week
    3 + 37 related

  • Joshua P Pulver

    VP CFO HFHP

    Total calculated
    $453,817
    From this org
    $0
    From related orgs
    $425,301
    Other
    $28,516
    Hours/week
    13 + 27 related

    Schedule J breakdown matched by us

    Base
    $0 + $423,591 related
    Bonus
    $0
    Other
    $0 + $1,710 related
    Deferred
    $0 + $8,200 related
    Nontaxable benefits
    $0 + $20,316 related
    Filer's total
    $0 + $453,817 related

  • Robert K Henry

    FORMER DIRECTOR (TERM 9/2022)

    Total calculated
    $12,368
    From this org
    $0
    From related orgs
    $12,368
    Other
    $0
    Hours/week
    0 + 6 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $12,368 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $12,368 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

  • 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 I, LINE 3
COMPENSATION IS PAID BY HEALTH FIRST SHARED SERVICES, INC. EIN: 59-3336894 AND REIMBURSED BY HEALTH FIRST COMMERCIAL PLANS, INC. THE FILING ORGANIZATION RELIED ON HEALTH FIRST SHARED SERVICES, INC. FOR ESTABLISHING THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. SEE CORE 990, PART VI, SECTION B, LINE 15 ON SCHEDULE O FOR FURTHER INFORMATION REGARDING THE PROCESS UTILIZED.
PART I, LINE 4B:
THE FOLLOWING INDIVIDUALS PARTICIPATE IN CAP-EX (A SPLIT DOLLAR LIFE INSURANCE AGREEMENT IN PLACE OF A TRADITIONAL SERP) AND HAVE ESTABLISHED A PREMIUM DEPOSIT ACCOUNT. THE ACCOUNT IS CONNECTED TO THE INSURANCE POLICY AND WILL BE USED TO PAY FUTRE PREMIUMS ON THE POLICY. THE INDIVIDUALS ARE TAXED ON ANY EARNINGS GENERATED BY THIS ACCOUNT. DURING THE TAX YEAR, THE FOLLOWING INDIVIDUALS RECEIVED TAX WITHDRAWAL AMOUNTS TO COVER THEIR TAX LIABILITY. SEE HEALTH FIRST SHARED SERVICES, INC. (EIN: 59-3336894) FORM 990, AND RELATED SCHEDULES FOR FURTHER DETAILS ON THE PROGRAM. STEVEN P. JOHNSON $2,136 BRETT A. ESROCK $1,566 FRANK S. LETHERBY $4,819 MICHAEL A. SCIALDONE $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 partnerships

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

  • DOCTORS GI PARTNERSHIP LTD

    RELATED · HEALTHCARE · FL

Related corporations and trusts

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

  • CAPE HEALTH PROPERTIES INC

    C · REAL ESTATE · FL · controlled entity

  • DOCTOR'S SURGICAL PARTNERSHIP LLC

    C · HEALTH CARE · FL · controlled entity

  • HEALTH FIRST HOLDING CORP

    C · HOLDING CORP. · FL · controlled entity

  • HEALTH FIRST INSURANCE INC

    C · HEALTH CARE · FL · controlled entity

  • HEALTH FIRST MEDICAL MANAGEMENT INC

    C · HEALTH CARE · FL · controlled entity

  • HEALTH FIRST PHYSICIAN SPECIALTIES

    C · HEALTH CARE · FL · controlled entity

  • HEALTH FIRST PHYSICIANS INC

    C · HEALTH CARE · FL · controlled entity

  • HOLMES REGIONAL ENTERPRISES INC

    C · REAL ESTATE · FL · controlled entity

  • PHYSICIANS GI PARTNERSHIP INC

    C · HEALTH CARE · FL · controlled entity

  • SPACE COAST INDEMNITY

    C · SELF-INSURANCE · CJ · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202402279349302680

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