Yourcare Health Plan Inc
- Assets
- $64.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Pittsford, NY
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 16-1500379
Organization Overview
Yourcare Health Plan Inc is located in Pittsford, NY. The organization was established in 2000. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Yourcare Health Plan Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yourcare Health Plan 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 12/2021, Yourcare Health Plan Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (50.4%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (45.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE NEEDS OF THE UNDERSERVED AND UNINSURED IN WESTERN NEW YORK, BY PROVIDING AFFORDABLE INSURANCE OPTIONS, BY INCREASED ACCESS TO HEALTH CARE, BY IMPROVING THE QUALITY OF CARE THROUGH THE COOPERATIVE EFFORTS OF ITS PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH COVERAGE TO CHILDREN, FAMILIES, PREGNANT WOMEN, THE ELDERLY AND PEOPLE WITH DISABILITIES INCLUDING CHILD HEALTH PLUS, ESSENTIAL PLAN AND HEALTH AND RECOVERY PLAN COVERAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Lombard Dir Of Finance | 40 | $175,233 | |
Dennis Graziano Vice Chairman | OfficerTrustee | 4 | $0 |
Michael Messier Secretary | OfficerTrustee | 4 | $0 |
Joseph Stankaitis Cmo | Officer | 4 | $0 |
Kim Hess COO | Officer | 4 | $0 |
Brendan Brady MD Chairman | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beacon Health Strategies Consulting | 12/30/20 | $2,172,604 |
Bhs Ipa Consulting | 12/30/20 | $129,480 |
Manatt Phelps & Phillips Llp Attorneys | 12/30/20 | $143,466 |
Pronexus Llc Consulting | 12/30/20 | $112,590 |
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 | $679,673 |
| Investment income | $384,703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$33,208 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,931,302 |
| 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 | $66,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,741 |
| Pension plan accruals and contributions | $41,973 |
| Other employee benefits | $32,614 |
| Payroll taxes | $18,388 |
| Fees for services: Management | $2,661,159 |
| Fees for services: Legal | $3,161 |
| Fees for services: Accounting | $47,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,785 |
| Fees for services: Other | $19,733 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,368 |
| Travel | $37 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $131,486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,755 |
| All other expenses | $0 |
| Total functional expenses | $3,474,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,673,160 |
| Savings and temporary cash investments | $15,120,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,527,205 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,105,602 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,426,105 |
| Accounts payable and accrued expenses | $288,277 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $66,109,464 |
| Total liabilities | $66,397,741 |
| Net assets without donor restrictions | $0 |
| 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 | -$1,971,636 |
| Total liabilities and net assets/fund balances | $64,426,105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |
Main Line Health System Newtown Square, PA | $716,989,438 | $16,528,062 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Keystone Human Services Harrisburg, PA | $87,650,682 | $15,974,485 |
Masonicare Corporation Wallingford, CT | $62,787,609 | $7,389,407 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Gslpg Inc Allentown, PA | $2,068,397 | $14,256,674 |
Western Connecticut Health Network Affiliates Inc Danbury, CT | $7,022,021 | $12,529,671 |
Wellspan Health Care Services York, PA | $27,111,355 | $16,698,867 |
Southcoast Health System Inc New Bedford, MA | $230,534,649 | $39,093,596 |
Mass General Brigham Incorporated Somerville, MA | $110,987,827 | $17,110,178 |