Hometown Health Plan Inc
- Assets
- $90.6m
- Revenue
- $361.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Reno, NV
- Founding
- 01/1991
- Data as of
- 12/2023
- EIN
- 88-0231433
Organization Overview
Hometown Health Plan Inc is located in Reno, NV. The organization was established in 1991. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hometown Health Plan 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 12/2023, Hometown Health Plan Inc generated $361.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $327.2m during the year ending 12/2023. 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
AN HMO HEALTH INSURANCE COMPANY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OHOMETOWN HEALTH PLAN IS PART OF THE INSURANCE DIVISION OF RENOWN HEALTH AND IS COMMITTED TO PROVIDING HIGH-QUALITY HEALTH PLANS AND GREAT CUSTOMER SERVICE. HOMETOWN HEALTH PLAN OPERATES A HEALTH MAINTENANCE ORGANIZATION AND HEALTH INSURANCE SERVICES TO COMMERCIAL ENROLLEES AND TO THOSE ELIGIBLE FOR MEDICARE THROUGH ITS MEDICARE ADVANTAGE PLAN SENIOR CARE PLUS. HOMETOWN HEALTH PLAN HAD 8,801 MEMBERS IN ITS COMMERCIAL PRODUCT AND 18,618 MEMBERS IN ITS SENIOR CARE PLUS PRODUCT AS OF DECEMBER 31, 2023. HOMETOWN HEALTH PLAN HELPS ITS MEMBERS RECEIVE THE MOST APPROPRIATE, FINANCIALLY RESPONSIBLE CARE BASED UPON INDIVIDUAL HEALTH NEEDS.FOR THE YEAR ENDED DECEMBER 31, 2023, HOMETOWN HEALTH PLAN, ALONG WITH ITS PARENT, RENOWN HEALTH AND ITS SUBSIDIARIES, PROVIDED APPROXIMATELY $274 MILLION IN BENEFIT TO THE COMMUNITY (USING COMMUNITY BENEFIT NUMBERS GATHERED BY THE NEVADA HOSPITAL ASSOCIATION USING STATE-APPROVED CRITERIA TO ENSURE CONSISTENCY). FOR A FULL REPORT ON THE BENEFIT RENOWN HEALTH PROVIDED TO OUR COMMUNITY, AS WELL AS OUR COMMUNITY NEEDS ASSESSMENT AND COMMUNITY BENEFIT PLAN, GO TO HTTPS://WWW.RENOWN.ORG/ABOUT/COMMUNITY-COMMITMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bethany Sexton - President & Chair/ceo Hometown Health | OfficerTrustee | 57 | $678,306 |
Jamie Winter Secretary | OfficerTrustee | 3 | $0 |
Brian Erling President/ceo | OfficerTrustee | 2 | $0 |
Rebekah Winter Treasurer | OfficerTrustee | 3 | $0 |
Ann Beck Chief Financial Officer | Officer | 2 | $0 |
Matthew Cain Physician - Cardiologist | 60 | $1,325,432 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
P3 Health Partners Insurance Claims Processing | 12/30/23 | $3,840,659 |
Liberty Dental Plan Of Nevada Inc Insurance Claims Processing | 12/30/23 | $2,375,403 |
Aon Benfield Inc Reinsurance Services | 12/30/23 | $1,547,327 |
Eyemed Insurance Company Insurance Claims Processing | 12/30/23 | $836,084 |
Willis Towers Watson Insurance Broker Services | 12/30/23 | $692,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $41,479,619 |
| 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 | $41,479,619 |
| Total Program Service Revenue | $318,284,703 |
| Investment income | $1,909,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,563 |
| Net Gain/Loss on Asset Sales | -$13,668 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,781,786 |
| 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. | $771,934 |
| Compensation of current officers, directors, key employees. | $771,934 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,483,598 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $27,744,069 |
| 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 | $186,461 |
| Fees for services: Other | $5,793,948 |
| Advertising and promotion | $0 |
| Office expenses | $733,031 |
| 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 | $191,842 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252,477 |
| Insurance | $0 |
| All other expenses | $1,316,541 |
| Total functional expenses | $327,165,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,624,264 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $529,492 |
| 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 | $274,096 |
| Net Land, buildings, and equipment | $8,055,995 |
| Investments—publicly traded securities | $50,496,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,652,085 |
| Total assets | $90,632,241 |
| Accounts payable and accrued expenses | $45,276,425 |
| 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 | $4,228,358 |
| Total liabilities | $49,504,783 |
| Net assets without donor restrictions | $41,127,458 |
| 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 | $90,632,241 |