Ryder Health Plan Inc
- Assets
- $1.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Humacao, PR
- Founding
- 07/1985
- Data as of
- 12/2022
- EIN
- 66-0407821
Organization Overview
Ryder Health Plan Inc is located in Humacao, PR. The organization was established in 1985. 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, Ryder Health Plan Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ryder 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 12/2022, Ryder Health Plan Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING COMPREHENSIVE HEALTH CARE SERVICES ON A PREPAID AND AT A LOW COST TO SUBSCRIBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RYDER HEALTH PLAN, INC. (THE PLAN) WAS CREATED FOR THE PURPOSE OF PROVIDING COMPREHENSIVE HEALTH CARE SERVICES ON A PREPAID BASIS AND FOR THE PURPOSE OF ESTABLISHING AND OPERATING ORGANIZED HEALTH MAINTENANCE AND HEALTH CARE DELIVERY SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan DE La Rosa Medina Admin. Direc | Officer | $51,225 | |
Adelia I Acevedo Director | Trustee | $0 | |
Carmen S Albino Director | Trustee | $0 | |
Esther Alemn Secretary | OfficerTrustee | $0 | |
Brbara T Baylor Director | Trustee | $0 | |
Benjamn Berros Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Premier Nuclear Medicine Csp Nuclear Med | 12/30/16 | $120,000 |
Pronet Health Inc Med. Serv. Netw | 12/30/16 | $195,833 |
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 | $1,317,758 |
| Investment income | $3,557 |
| 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 | $1,414,633 |
| 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. | $51,225 |
| Compensation of current officers, directors, key employees. | $51,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,826 |
| Pension plan accruals and contributions | $6,485 |
| Other employee benefits | $3,984 |
| Payroll taxes | $13,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $1,515,770 |
| Advertising and promotion | $4,294 |
| Office expenses | $1,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $3,543 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,836,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $654,055 |
| Savings and temporary cash investments | $355,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $129,151 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,066 |
| Net Land, buildings, and equipment | $15,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $602,240 |
| Total assets | $1,856,498 |
| Accounts payable and accrued expenses | $653,384 |
| Grants payable | $0 |
| Deferred revenue | $67,664 |
| 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 | $600,000 |
| Total liabilities | $1,321,048 |
| Net assets without donor restrictions | $535,450 |
| 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 | $1,856,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Escuela De Medicina San Juan Bautista Inc Caguas, PR | $34,628,520 | $15,734,833 |
Centro De Servicios Primarios De Sa Lud Inc Florida, PR | $14,607,386 | $13,265,045 |
Sociedad De Educacion Y Rehabilitacion Ser De P R San Juan, PR | $8,485,858 | $6,289,843 |
Health Care Integrated Program Services Inc Humacao, PR | $1,647,715 | $5,105,203 |
Centro De Ayuda Y Terapia Al Nino Con Impedimento Inc Moca, PR | $2,930,834 | $5,393,555 |
Comprehensive Human Services Corporation Guaynabo, PR | $22,030,417 | $3,608,694 |
Asociacion De Salud Primaria De Puerto Rico Inc San Juan, PR | $1,267,736 | $2,555,174 |