Mvp Health Plan Inc
- Assets
- $792.5m
- Revenue
- $3.0b
- Investments
- $0.0
- Employees
- 2,013
- Location
- Schenectady, NY
- Founding
- 04/1984
- Data as of
- 12/2021
- EIN
- 14-1640868
Organization Overview
Mvp Health Plan Inc is located in Schenectady, NY. The organization was established in 1984. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, Mvp Health Plan Inc employed 2,013 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mvp Health Plan Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Mvp Health Plan Inc generated $3.0b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $3.0b during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mvp Health Plan Inc has awarded 288 individual grants totaling $6,529,655. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Del Vecchio President & CEO | Officer | 29.82 | $2,115,986 |
Dominick Bizzarro Chief Growth Officer | Officer | 29.82 | $749,356 |
Karla Austen Treasurer | Officer | 27.35 | $713,258 |
Monice Barbero Secretary | Officer | 29.27 | $636,709 |
Carl Cameron Chief Medical Officer | Officer | 30.39 | $610,909 |
Catherine Buhler Clancy Chief Operations Officer | Officer | 26.96 | $574,926 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Media Logic Usa Llc Media Relations/pr | 12/30/21 | $7,443,986 |
Digital Mobile Innovations Technology Solutions | 12/30/21 | $5,808,862 |
Change Healthcare Solutions Technology Solutions | 12/30/21 | $2,423,961 |
Hitachi Solutions America Ltd Technology Solutions | 12/30/21 | $2,098,389 |
Tivity Health Utilization Fees | 12/30/21 | $1,806,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,987,229,016 |
| Investment income | $5,844,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,929,179 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,002,120,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $902,191 |
| 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. | $729,672 |
| Compensation of current officers, directors, key employees. | $729,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $17,979,165 |
| Fees for services: Legal | $1,617,972 |
| Fees for services: Accounting | $901,744 |
| Fees for services: Lobbying | $189,775 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $532,484 |
| Fees for services: Other | $25,644,489 |
| Advertising and promotion | $10,801,576 |
| Office expenses | $13,258,533 |
| Information technology | $26,686,859 |
| Royalties | $0 |
| Occupancy | $8,095,897 |
| Travel | $34,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,273 |
| Interest | $0 |
| Payments to affiliates | $129,511,942 |
| Depreciation, depletion, and amortization | $3,957,723 |
| Insurance | $1,744,682 |
| All other expenses | $3,908,620 |
| Total functional expenses | $3,022,736,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,799,850 |
| Savings and temporary cash investments | $18,951,320 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,236,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $81,003,865 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,462,290 |
| Net Land, buildings, and equipment | $26,729,160 |
| Investments—publicly traded securities | $175,913,882 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $250,000 |
| Other assets | $385,184,154 |
| Total assets | $792,531,200 |
| Accounts payable and accrued expenses | $44,182,395 |
| Grants payable | $0 |
| Deferred revenue | $33,430,711 |
| 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 | $0 |
| Other liabilities | $298,080,485 |
| Total liabilities | $375,693,591 |
| Net assets without donor restrictions | $125,189,420 |
| Net assets with donor restrictions | $291,648,189 |
| 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 | $792,531,200 |
Grants Awarded
Over the last fiscal year, Mvp Health Plan Inc has awarded $857,500 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
Albany, NY PURPOSE: ELDER LAW ASSISTANCE PROGRAM | $130,000 |
Albany, NY PURPOSE: DONT HESITATE - VACCINATE CAMPAIGN | $100,000 |
Tuckahoe, NY PURPOSE: SUPPORT OF NSSA STAKEHOLDER RELATIONSHIP - INFORMAL LEARNING CENTER | $75,000 |
Troy, NY PURPOSE: HEALTHY STORES SPONSORSHIP | $35,000 |
Schenectady, NY PURPOSE: 2021 AMBASSADOR PROGRAM - PALACE THEATER | $32,500 |
Albany, NY PURPOSE: 518 DAY PRESENTING SPONSORSHIP | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partners Health Plan Inc Bronx, NY | $49,889,991 | $287,431,178 |
Delta Dental Plan Of New Jersey Parsippany, NJ | $344,405,175 | $295,379,195 |
Dental Service Of Massachusetts Inc Boston, MA | $126,144,035 | $299,025,981 |
Sunset Park Health Council Inc Brooklyn, NY | $120,395,373 | $204,216,031 |
Hudson Headwaters Health Network Queensbury, NY | $162,853,955 | $161,688,562 |
Massachusetts Mutual Employee Health Benefit Tr Springfield, MA | $6,593,525 | $93,603,894 |
United Food & Comm Wkrs Union Local 1262 & Employers Welfare Fund Clifton, NJ | $25,277,473 | $87,753,687 |
Delta Dental Of Delaware Inc Mechanicsburg, PA | $18,629,043 | $77,257,162 |
International Union Of Operating Engineers Welfare Fund 478 Hamden, CT | $131,628,266 | $64,853,595 |
Dentcare Delivery Systems Inc Uniondale, NY | $23,820,779 | $55,088,779 |
Northwest Behavioral Health Partnership Inc New Castle, PA | $31,030,978 | $48,843,347 |
Carepartners Of Connecticut Inc Canton, MA | $21,597,096 | $24,446,230 |