Amida Care Inc
- Assets
- $235.5m
- Revenue
- $339.7m
- Investments
- $0.0
- Employees
- 192
- Location
- New York, NY
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 13-4154068
Organization Overview
Amida Care Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2023, Amida Care Inc employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amida Care Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Amida Care Inc generated $339.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $338.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AMIDA CARE INC. IS A HEALTH MAINTENANCE ORGANIZATION FORMED TO OBTAIN A COMPREHENSIVE HIV SPECIAL NEEDS CERTIFICATE OF AUTHORITY IN ORDER TO PROVIDE OR ARRANGE FOR ALL MEDICAL ASSISTANCE SERVICES TO PERSONS ENROLLED IN THE PLAN AND FOR ASSISTING ENROLLEES IN THE PRUDENT SELECTION OF SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMIDA CARE IS A MEDICAID MANAGED CARE PLAN THAT PROVIDES ASSISTANCE AND/OR ARRANGES FOR MEDICAL CARE AND NON-MEDICAL SUPPORT FOR PERSONS ENROLLED IN THE PLAN. STAFF ALSO ASSISTS ENROLLEES IN THE PRUDENT SELECTION OF SERVICES. THE PLAN COVERED 108,182 MEMBER MONTHS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacquelyn Kilmer Chairperson | OfficerTrustee | 0.5 | $0 |
Emma Devito Vice Chair | OfficerTrustee | 0.5 | $0 |
Charles King Secretary | OfficerTrustee | 0.5 | $0 |
Dr David Collymore Member | Trustee | 0.5 | $0 |
Daniel Lowy Member | Trustee | 0.5 | $0 |
Jim Sinkoff Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carelon Behavioral Health Management Services | 12/30/23 | $3,859,860 |
Mp Care Solutions Management Services | 12/30/23 | $1,732,309 |
Ropes & Gray Llp Legal Services | 12/30/23 | $807,291 |
Sonnick Partners Llc Consultant & Software Call Center | 12/30/23 | $752,980 |
Express Scripts Inc Pharmacy Adm. | 12/30/23 | $311,114 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $177,405 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,657,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,835,091 |
| Total Program Service Revenue | $337,837,694 |
| Investment income | $536,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,500 |
| Net Gain/Loss on Asset Sales | -$509,952 |
| Net Income from Fundraising Events | -$8,718 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $339,717,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,940,471 |
| Compensation of current officers, directors, key employees. | $1,940,471 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,254,114 |
| Pension plan accruals and contributions | $484,305 |
| Other employee benefits | $3,078,162 |
| Payroll taxes | $1,230,416 |
| Fees for services: Management | $5,567,622 |
| Fees for services: Legal | $887,967 |
| Fees for services: Accounting | $246,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,824 |
| Fees for services: Other | $3,554,623 |
| Advertising and promotion | $298,558 |
| Office expenses | $1,378,760 |
| Information technology | $3,770,612 |
| Royalties | $0 |
| Occupancy | $3,581,473 |
| Travel | $109,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $838,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,334 |
| Insurance | $388,856 |
| All other expenses | $2,247,781 |
| Total functional expenses | $338,647,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,639,638 |
| Savings and temporary cash investments | $580,305 |
| Pledges and grants receivable | $716,732 |
| Accounts receivable, net | $119,371,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,581,673 |
| Net Land, buildings, and equipment | $628,578 |
| Investments—publicly traded securities | $24,900,147 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $18,082,923 |
| Other assets | $13,893 |
| Total assets | $235,514,900 |
| Accounts payable and accrued expenses | $56,519,024 |
| Grants payable | $0 |
| Deferred revenue | $330,226 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,836,532 |
| Other liabilities | $113,113,997 |
| Total liabilities | $180,799,779 |
| Net assets without donor restrictions | $54,715,121 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $235,514,900 |