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Nonprofiteer
← MVP HEALTH CARE INC

Form 990 for tax year 2023

Filed by MVP HEALTH CARE INC.

Totals

Total revenue
$44,631
Total expenses
$177,018
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$44,631
Other revenue
$0
Total assets, end of year
$505,754,902
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$505,754,902
Program services expenses (Part IX)
$0
Management and general expenses
$177,018
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 $44,631 · excluded $44,631

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

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

  • 22 · Depreciation, depletion and amortization

    total $175,165 · management and general $175,165

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,088,408 · end of year $1,131,186

  • 14 · Intangible assets

    beginning of year $2,272,467 · end of year $2,097,302

  • 15 · Other assets

    beginning of year $490,534,980 · end of year $502,526,414

  • 27 · Net assets without donor restrictions

    beginning of year $100,687,321 · end of year $124,586,962

  • 28 · Net assets with donor restrictions

    beginning of year $393,208,534 · end of year $381,167,940

Mission and programs · 2023

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 2023 return.

Listed in Part VII

  • Alan Goldberg

    CHAIR

    Total calculated
    $89,500
    From this org
    $0
    From related orgs
    $89,500
    Other
    $0
    Hours/week
    4 + 4 related

  • David S Pratt MD

    VICE CHAIR

    Total calculated
    $56,500
    From this org
    $0
    From related orgs
    $56,500
    Other
    $0
    Hours/week
    3.5 + 3.5 related

  • Richard D'Ascoli

    DIRECTOR

    Total calculated
    $79,500
    From this org
    $0
    From related orgs
    $79,500
    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
    $64,316
    From this org
    $0
    From related orgs
    $64,316
    Other
    $0
    Hours/week
    3 + 3 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
    2 + 2 related

  • Lindsay Farrell

    DIRECTOR

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

  • William Phelan

    DIRECTOR (AS OF 01/2023)

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

  • Kimberly Zeoli

    DIRECTOR (THRU 12/2023)

    Total calculated
    $14,667
    From this org
    $0
    From related orgs
    $14,667
    Other
    $0
    Hours/week
    1.5 + 1.5 related

  • Christopher Del Vecchio

    PRESIDENT & CEO

    Total calculated
    $2,912,564
    From this org
    $0
    From related orgs
    $2,722,478
    Other
    $190,086
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,034,394 related
    Bonus
    $0 + $1,623,635 related
    Other
    $0 + $64,449 related
    Deferred
    $0 + $164,932 related
    Nontaxable benefits
    $0 + $25,154 related
    Filer's total
    $0 + $2,912,564 related

  • Karla Austen

    CFO/TREASURER

    Total calculated
    $940,310
    From this org
    $0
    From related orgs
    $908,748
    Other
    $31,562
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,238 related
    Bonus
    $0 + $371,049 related
    Other
    $0 + $53,461 related
    Deferred
    $0 + $21,450 related
    Nontaxable benefits
    $0 + $10,112 related
    Filer's total
    $0 + $940,310 related

  • Emily Titsworth - Chief

    LEGAL OFFICER & GENERAL COUNSEL

    Total calculated
    $543,520
    From this org
    $0
    From related orgs
    $501,439
    Other
    $42,081
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,000 related
    Bonus
    $0 + $139,813 related
    Other
    $0 + $36,626 related
    Deferred
    $0 + $17,996 related
    Nontaxable benefits
    $0 + $24,085 related
    Filer's total
    $0 + $543,520 related

  • Dominick Bizzarro

    CHIEF GROWTH OFFICER

    Total calculated
    $1,116,222
    From this org
    $0
    From related orgs
    $1,072,372
    Other
    $43,850
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $549,002 related
    Bonus
    $0 + $474,896 related
    Other
    $0 + $48,474 related
    Deferred
    $0 + $21,593 related
    Nontaxable benefits
    $0 + $22,257 related
    Filer's total
    $0 + $1,116,222 related

  • Catherine Buhler Clancy

    CHIEF OPERATIONS OFFICER

    Total calculated
    $798,956
    From this org
    $0
    From related orgs
    $752,687
    Other
    $46,269
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,605 related
    Bonus
    $0 + $306,020 related
    Other
    $0 + $47,062 related
    Deferred
    $0 + $21,450 related
    Nontaxable benefits
    $0 + $24,819 related
    Filer's total
    $0 + $798,956 related

  • Carl Cameron

    CHIEF MEDICAL OFFICER

    Total calculated
    $757,038
    From this org
    $0
    From related orgs
    $706,286
    Other
    $50,752
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,784 related
    Bonus
    $0 + $295,661 related
    Other
    $0 + $35,841 related
    Deferred
    $0 + $30,218 related
    Nontaxable benefits
    $0 + $20,534 related
    Filer's total
    $0 + $757,038 related

  • Michael Della Villa

    CHIEF DIGITAL & INFORMATION OFFICER

    Total calculated
    $731,548
    From this org
    $0
    From related orgs
    $677,034
    Other
    $54,514
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,630 related
    Bonus
    $0 + $292,494 related
    Other
    $0 + $19,910 related
    Deferred
    $0 + $33,927 related
    Nontaxable benefits
    $0 + $20,587 related
    Filer's total
    $0 + $731,548 related

  • Laurie Metheny

    CHIEF CUSTOMER EXPERIENCE OFFICER

    Total calculated
    $704,656
    From this org
    $0
    From related orgs
    $648,464
    Other
    $56,192
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,433 related
    Bonus
    $0 + $268,399 related
    Other
    $0 + $31,632 related
    Deferred
    $0 + $36,508 related
    Nontaxable benefits
    $0 + $19,684 related
    Filer's total
    $0 + $704,656 related

  • Amy Harlow

    CHIEF TALENT OFFICER

    Total calculated
    $620,926
    From this org
    $0
    From related orgs
    $601,282
    Other
    $19,644
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,001 related
    Bonus
    $0 + $202,744 related
    Other
    $0 + $43,537 related
    Deferred
    $0 + $18,560 related
    Nontaxable benefits
    $0 + $1,084 related
    Filer's total
    $0 + $620,926 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
  • 6b · Pay contingent on a related organization's net earnings

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

The filer's explanations (Part 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). WHILE OTHER INDIVIDUALS REPORTED ON THE FORM 990, SCHEDULE J PARTICIPATED IN THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN, NO ONE RECEIVED A PAYOUT IN CALENDAR YEAR 2023.
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 $54,555

    Directly controlled by MVPUT HOLDING

  • BH ACO LLC

    C · MCR SUPPORT SERVICES · NY · 50% owned · share of income $22,904,916 · share of assets $1,027,065

    Directly controlled by BELONG HEALTH NY LLC

  • BHNY IPA LLC

    C · DSNP PROVIDER NETWORK · NY · 50% owned · share of income $6,967,303

    Directly controlled by BELONG HEALTH NY LLC

  • BHNY SERVICES LLC

    C · DSNP SUPPORT SERVICES · NY · 50% owned · share of income $343,246 · share of assets $57,440

    Directly controlled by BELONG HEALTH NY LLC

  • GEMINI HEALTH HOLDINGS INC

    C · HOLDING CORPORATION · DE · 100% owned · share of assets $38,803 · controlled entity

    Directly controlled by MVPUT HOLDING

  • GENOMIC CARE AND CONTROL INC

    C · PRECISION MEDICINE · DE · 49% owned

    Directly controlled by MVPUT HOLDING

  • MVP BENEFIT GROUP INC

    C · AGENT/BROKER · NY · 100% owned · share of income $281,215 · share of assets $632,572 · controlled entity

    Directly controlled by MVPUT HOLDING

  • MVP HEALTH INSURANCE COMPANY

    C · INSURANCE · NY · 100% owned · share of income $393,654 · share of assets $5,926,498 · controlled entity

    Directly controlled by MVPRT HOLDING

  • MVP HEALTH SERVICES CORP

    C · INSURANCE · NY · 100% owned · share of income $675,171,918 · share of assets $211,777,890 · controlled entity

    Directly controlled by MVPRT HOLDING

  • MVP HEALTH SOLUTIONS IPA INC

    C · BH NTWRK CONTRACT · NY · 100% owned · share of income $477 · share of assets $6,458 · controlled entity

    Directly controlled by MVPUT HOLDING

  • MVP HEALTH SOLUTIONS INC

    C · BH NTWRK CONTRACT · NY · 100% owned · share of income $451 · share of assets $6,615 · controlled entity

    Directly controlled by MVPUT HOLDING

  • MVP SELECT CARE INC

    C · TPA/ASO · NY · 100% owned · share of income $28,715,684 · share of assets $39,453,552 · controlled entity

    Directly controlled by MVPUT HOLDING

  • MVP SERVICE CORP

    C · MANAGEMENT · NY · 100% owned · share of income $201,735,875 · share of assets $35,665,052 · controlled entity

    Directly controlled by MVPUT HOLDING

  • MVPHIC HOLDING CORP

    C · HOLDING CORPORATION · NY · 100% owned · share of income $261,949 · share of assets $386,684,938 · controlled entity

    Directly controlled by MVP HEALTH CARE

  • MVPHP HOLDING COMPANY INC

    C · HOLDING CORPORATION · NY · 100% owned · controlled entity

    Directly controlled by MVP HEALTH CARE

  • MVPRT HOLDINGS INC

    C · HOLDING CORPORATION · NY · 100% owned · share of income $1,880 · share of assets $255,138,545 · controlled entity

    Directly controlled by MVPHIC HOLD

  • MVPUT HOLDINGS INC

    C · HOLDING CORPORATION · NY · 100% owned · share of income $27,265 · share of assets $91,985,042 · controlled entity

    Directly controlled by MVPHIC HOLD

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413179349308461

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