Health First Commercial Plans Inc
- Assets
- $122.1m
- Revenue
- $255.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockledge, FL
- Founding
- 06/2018
- Data as of
- 09/2023
- EIN
- 82-1866443
Organization Overview
Health First Commercial 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 Commercial 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 Commercial Plans Inc generated $255.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $245.4m during the year ending 09/2023. While expenses have increased by 5.2% 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 COMMERCIAL PLANS, INC., DOING BUSINESS AS HEALTH FIRST HEALTH PLANS, OFFERS COMMERCIAL INDIVIDUAL & FAMILY PLANS WITHIN AN APPROVED SERVICE AREA CONSISTING OF BREVARD, INDIAN RIVER, LAKE, POLK, PASCO, ORANGE, OSCEOLA, VOLUSIA, FLAGLER, AND SEMINOLE COUNTIES IN FLORIDA. COMMERCIAL PRODUCTS OFFERED ARE ON AND OFF THE FEDERAL EXCHANGE MARKETPLACE. HEALTH FIRST HEALTH PLANS IS UNDERWRITTEN BY THE HEALTH FIRST COMMERCIAL PLANS, INC. HEALTH FIRST HEALTH PLANS' PRIMARY BUSINESS IS THE PROVISION OF PREPAID HEALTHCARE SERVICES TO MEMBERS RESIDING IN ITS SERVICE AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven P Johnson Chair/president/ceo Hfi (end 2/2023) | OfficerTrustee | 3 | $0 |
Drew A Rector Evp Cso/vc (end 4/2023) | OfficerTrustee | 3 | $0 |
Michael A Scialdone Evp/cfo Hfi/secr/trea (end 1/2023) | OfficerTrustee | 3 | $0 |
Brett A Esrock Exe VP Cfo/coo Treasurer (1/2023) | OfficerTrustee | 3 | $0 |
Matthew F Gerrell President/sr VP CEO | OfficerTrustee | 1 | $0 |
Frank S Letherby Director | Trustee | 3 | $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 | $254,598,832 |
| Investment income | $1,274,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$482,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,391,568 |
| 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 | $7,613,946 |
| Other salaries and wages | $143,945 |
| Pension plan accruals and contributions | $1,478,132 |
| Other employee benefits | $557,793 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $105,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,059 |
| Fees for services: Other | $6,663,044 |
| Advertising and promotion | $1,465,839 |
| Office expenses | $993,387 |
| Information technology | $746,758 |
| Royalties | $0 |
| Occupancy | $109,992 |
| Travel | $8,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,565,953 |
| Total functional expenses | $245,380,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,922,825 |
| Savings and temporary cash investments | $1,187,123 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $975,213 |
| 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 | $501,237 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $35,497,736 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,036,438 |
| Total assets | $122,120,572 |
| Accounts payable and accrued expenses | $36,516,264 |
| Grants payable | $0 |
| Deferred revenue | $1,408,501 |
| 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 | $7,215,053 |
| Total liabilities | $45,139,818 |
| Net assets without donor restrictions | $76,980,754 |
| 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 | $122,120,572 |