Fallon Community Health Plan Inc
- Assets
- $712.9m
- Revenue
- $1.8b
- Investments
- $0.0
- Employees
- 1,452
- Location
- Worcester, MA
- Founding
- 03/1976
- Data as of
- 12/2021
- EIN
- 23-7442369
Organization Overview
Fallon Community Health Plan Inc, operating under the name Fallon Health, is located in Worcester, MA. The organization was established in 1976. 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 12/2023, Fallon Health employed 1,452 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fallon Health 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, Fallon Health generated $1.8b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.7b during the year ending 12/2021. While expenses have increased by 6.9% 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, Fallon Health has awarded 344 individual grants totaling $5,308,166. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O IMPROVING HEALTH AND INSPIRING HOPE
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Burke President & CEO | OfficerTrustee | 44 | $1,419,791 |
Todd Bailey Svp, Chief Financial Officer | Officer | 47 | $607,232 |
David Brumley MD SVP And Chief Medical Officer | Officer | 50 | $495,972 |
Emily L West Svp, Chief Operating Officer | Officer | 50 | $500,698 |
Mary Ritter Svp, Chief Strtgy & Govt. Prog | Officer | 49 | $483,743 |
Jill Green Lebow Svp, Chief Hr Officer | 48 | $469,876 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epstein Becker And Green Pc Legal Services | 12/30/22 | $1,506,945 |
Safeway Luxury Transportation Transportation Servi | 12/30/22 | $1,287,280 |
Change Healthcare Llc Healthcare Consultin | 12/30/22 | $1,069,973 |
Cdw Direct Llc Technology Products | 12/30/22 | $992,106 |
Mdx Medical Llc Healthcare Software | 12/30/22 | $711,150 |
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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $1,764,526,148 |
| Investment income | $10,509,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $800,784 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,782,502,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $809,275 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,606,086,951 |
| Compensation of current officers, directors, key employees. | $4,977,353 |
| Compensation of current officers, directors, key employees. | $2,957,238 |
| Compensation to disqualified persons | $4,504,247 |
| Other salaries and wages | $72,071,525 |
| Pension plan accruals and contributions | $2,025,177 |
| Other employee benefits | $9,748,009 |
| Payroll taxes | $7,167,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,754,015 |
| Fees for services: Accounting | $3,074,454 |
| Fees for services: Lobbying | $137,484 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,097,725 |
| Fees for services: Other | $2,990,526 |
| Advertising and promotion | $1,722,981 |
| Office expenses | $4,696,852 |
| Information technology | $13,665,727 |
| Royalties | $0 |
| Occupancy | $2,909,244 |
| Travel | $9,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,676 |
| Interest | $77,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,224,197 |
| Insurance | $1,062,341 |
| All other expenses | $0 |
| Total functional expenses | $1,746,369,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $90,085,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,139,634 |
| 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 | $5,976,350 |
| Net Land, buildings, and equipment | $10,493,215 |
| Investments—publicly traded securities | $480,290,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,910,729 |
| Total assets | $712,896,484 |
| Accounts payable and accrued expenses | $401,392,953 |
| Grants payable | $0 |
| Deferred revenue | $6,231,450 |
| 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 | $0 |
| Total liabilities | $407,624,403 |
| Net assets without donor restrictions | $305,272,081 |
| 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 | $712,896,484 |
Grants Awarded
Over the last fiscal year, Fallon Community Health Plan Inc has awarded $869,593 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
WORCESTER REGIONAL CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $47,050 |
BOYS AND GIRLS CLUB OF WORCESTER PURPOSE: GENERAL SUPPORT | $49,039 |
WORCESTER COUNTY FOOD BANK PURPOSE: GENERAL SUPPORT | $59,500 |
UNITED WAY OF CENTRAL MA PURPOSE: GENERAL SUPPORT | $30,831 |
WORCESTER REGIONAL RESEARCH BUREAU PURPOSE: GENERAL SUPPORT | $7,000 |
CENTRAL MA HOUSING ALLIANCE PURPOSE: GENERAL SUPPORT | $14,500 |