Aspire Health Plan
- Assets
- $23.6m
- Revenue
- $95.1m
- Investments
- $0.0
- Employees
- 98
- Location
- Monterey, CA
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 46-1567681
Organization Overview
Aspire Health Plan is located in Monterey, CA. The organization was established in 2016. 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 12/2022, Aspire Health Plan employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspire Health Plan 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL WELFARE THROUGH THE PROVISION OF HEALTH INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSURANCE CLAIMS EXPENDITURES FOR 6,164 MEDICARE ADVANTAGE BENEFICIARIES.
ADMINISTRATIVE EXPENDITURES FOR 6,164 MEDICARE ADVANTAGE BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Packer Vice Chair / Ceo, Montage | OfficerTrustee | 1 | $0 |
Laura Zehm President / CEO (thru 7/22) | OfficerTrustee | 8 | $0 |
Michael Mcglue MD Director | Trustee | 1 | $0 |
Tyler Munson CEO Of Aspire | OfficerTrustee | 55 | $0 |
John O'brien Chair | OfficerTrustee | 1 | $0 |
David Awerbuck Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Performance Health Technology Business Process Outsourcing | 12/30/22 | $3,539,654 |
Applied General Agency Agent Commissions | 12/30/22 | $235,646 |
Mcg Health Llc Guideline Clinical Editors | 12/30/22 | $184,842 |
Green Leaf Financial And Insurance Servi Agent Commissions | 12/30/22 | $144,289 |
Halthsparq Inc Business Intelligence | 12/30/22 | $140,000 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $925,943 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $683,864 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,609,807 |
| Total Program Service Revenue | $93,529,128 |
| Investment income | $75 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,139,010 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,996,106 |
| Pension plan accruals and contributions | $305,618 |
| Other employee benefits | $0 |
| Payroll taxes | $3,894,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,771 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,148,171 |
| Advertising and promotion | $1,235,614 |
| Office expenses | $114,489 |
| Information technology | $725,114 |
| Royalties | $0 |
| Occupancy | $499,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,952 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $106,596,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,677,218 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,477,003 |
| 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 | $342,938 |
| Net Land, buildings, and equipment | $455,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,635,675 |
| Total assets | $23,588,300 |
| Accounts payable and accrued expenses | $11,684,193 |
| Grants payable | $0 |
| Deferred revenue | $237,444 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $36,581,940 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,388,605 |
| Total liabilities | $94,892,182 |
| Net assets without donor restrictions | -$71,303,882 |
| 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 | $23,588,300 |