Health First Administrative Plans Inc
- Assets
- $21.7m
- Revenue
- $95.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockledge, FL
- Founding
- 06/2018
- Data as of
- 09/2023
- EIN
- 82-1851221
Organization Overview
Health First Administrative Plans Inc is located in Rockledge, FL. The organization was established in 2018. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health First Administrative Plans 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 09/2023, Health First Administrative Plans Inc generated $95.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $106.9m during the year ending 09/2023. While expenses have increased by 5.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR TEAM IMPROVING THE WELLNESS AND HEALTH OF YOU AND YOUR FAMILY THROUGH EXCELLENT AND COMPASSIONATE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH FIRST ADMINISTRATIVE PLANS, INC., (HFAP) IS A PARENT HOLDING COMPANY, LICENSED TO OPERATE AS A THIRD-PARTY ADMINISTRATOR (TPA). THE COMPANY OPERATES AS A TPA PROVIDING CLAIM PROCESSING AND BENEFITS ADMINISTRATION, AND IS RESPONSIBLE FOR REAL ESTATE, EMPLOYEES, PROVIDER CONTRACTS, BROKER CONTRACTS, AND VENDOR AGREEMENTS FOR ITS AFFILIATES.HFAP SERVES TO PROMOTE, FURTHER AND SUPPORT THE CHARITABLE PURPOSES OF HEALTH FIRST, INC., WHICH IS CENTRAL FLORIDA'S ONLY FULLY INTEGRATED HEALTH DELIVERY SYSTEM. HFAP PROVIDES THIRD PARTY MANAGEMENT SERVICES FOR ITS RELATED ENTITIES, HEALTH FIRST HEALTH PLANS, INC. AND HEALTH FIRST COMMERCIAL PLANS, INC. THESE COMBINED MANAGEMENT AND HEALTH PLAN ACTIVITIES WITHIN THE INTEGRATED DELIVERY SYSTEM ENSURES A FULL GEOGRAPHICAL COVERAGE BY OFFERING COVERAGE IN COUNTIES IN WHICH THERE ARE LIMITED AFFORDABLE OPTIONS. HFAP COLLABORATES WITH GOVERNMENT AND OTHER NON-PROFIT ORGANIZATIONS, SUCH AS THE ORANGE COUNTY DEPARTMENT OF CORRECTIONS AND THE ORANGE COUNTY MEDICAL CLINIC. THE COMPANY RECEIVES AND PAY BILLS ON BEHALF OF THESE ORGANIZATIONS WITH A LOWER THAN STANDARD RATE AS A FURTHERANCE OF ITS CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven P Johnson Chair/president/ceo Hfi (end 2/2023) | OfficerTrustee | 1 | $0 |
Drew A Rector Evp Cso/vc (end 04/2023) | OfficerTrustee | 1 | $0 |
Michael A Scialdone Evp/cfo Hfi/sec/trea (end 01/2023) | OfficerTrustee | 1 | $0 |
Brett A Esrock Exec VP Cfo/coo Treasurer (1/2023) | OfficerTrustee | 1 | $0 |
Matthew F Gerrell President/sr VP CEO | OfficerTrustee | 1 | $0 |
Frank S Letherby Director | Trustee | 1 | $0 |
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 | $94,021,232 |
| Investment income | $6,849 |
| 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 | $95,236,986 |
| 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. | $1,825,314 |
| Compensation of current officers, directors, key employees. | $1,825,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,272,675 |
| Pension plan accruals and contributions | $678,126 |
| Other employee benefits | $8,914,052 |
| Payroll taxes | $2,817,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $706,641 |
| Fees for services: Accounting | $333,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,378 |
| Fees for services: Other | $21,307,692 |
| Advertising and promotion | $6,059,603 |
| Office expenses | $2,450,091 |
| Information technology | $4,164,727 |
| Royalties | $0 |
| Occupancy | $1,523,687 |
| Travel | $57,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,611 |
| Interest | $5,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $930,531 |
| Insurance | $233,848 |
| All other expenses | $7,416,472 |
| Total functional expenses | $106,887,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,146,987 |
| Savings and temporary cash investments | $156,516 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,938 |
| 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 | $1,960,349 |
| Net Land, buildings, and equipment | $2,759,075 |
| Investments—publicly traded securities | $670 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,546,082 |
| Total assets | $21,682,617 |
| Accounts payable and accrued expenses | $15,652,263 |
| 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 | $2,457,540 |
| Total liabilities | $18,109,803 |
| Net assets without donor restrictions | $3,572,814 |
| 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 | $21,682,617 |