Inter Valley Health Plan Inc
- Assets
- $30.0m
- Revenue
- $260.6m
- Investments
- $0.0
- Employees
- 116
- Location
- Pomona, CA
- Founding
- 03/1979
- Data as of
- 03/2022
- EIN
- 95-3258674
Organization Overview
Inter Valley Health Plan Inc is located in Pomona, CA. The organization was established in 1979. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 03/2022, Inter Valley Health Plan Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inter Valley 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 03/2022, Inter Valley Health Plan Inc generated $260.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $270.2m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 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
REFER TO PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTER VALLEY HEALTH PLAN, INC. IS A FEDERALLY QUALIFIED HEALTH MAINTENANCE ORGANIZATION. IT PROVIDES A FULL RANGE OF MEDICAL SERVICES TO ELIGIBLE MEDICARE PARTICIPANTS. AT MARCH 31, 2022 THERE WERE 15,703 PARTICIPATING MEMBERS. IVHP HAS ELECTED NOT TO CONTRACT WITH CMS EFFECTIVE JANUARY 1,2023 THEREFOR NOT OFFERING ANY MEDICAL COVERAGE TO MEMBERS. IHVP IS CURRENTLY IN PROCESS OF WINDING DOWN OPERATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Smith MD Cmo | Officer | 40 | $393,207 |
Bruce Bowne Cfo,vp Fin,treas | Officer | 40 | $278,330 |
Susan Tenorio COO | Officer | 40 | $271,567 |
Bill Chen Cio | Officer | 40 | $249,151 |
Patricia Jacobson VP Hr,secretary | Officer | 40 | $240,605 |
Larry Baca Sales, VP | Officer | 40 | $217,623 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Promed Health Network Of Pomona Medical Services | 3/30/22 | $31,698,551 |
Desert Oasis Healthcare Medical Services | 3/30/22 | $89,100,845 |
Pomona Valley Hospital Medical Cent Med Svs & Leased Emp | 3/30/22 | $32,273,852 |
Epic Health Plan Medical Services | 3/30/22 | $20,670,307 |
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 | $260,421,563 |
| Investment income | $148,992 |
| 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 | $260,570,555 |
| 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. | $1,777,990 |
| Compensation of current officers, directors, key employees. | $1,777,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,712,906 |
| Pension plan accruals and contributions | $315,566 |
| Other employee benefits | $1,440,963 |
| Payroll taxes | $790,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $283,926 |
| Fees for services: Accounting | $355,307 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $247,095,616 |
| Advertising and promotion | $980,778 |
| Office expenses | $70,711 |
| Information technology | $1,091,034 |
| Royalties | $0 |
| Occupancy | $938,693 |
| Travel | $10,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,897 |
| Insurance | $311,975 |
| All other expenses | $998,979 |
| Total functional expenses | $270,181,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$513,873 |
| Savings and temporary cash investments | $11,518,134 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,000 |
| Prepaid expenses and deferred charges | $11,593,500 |
| Net Land, buildings, and equipment | $86,601 |
| Investments—publicly traded securities | $7,266,054 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,003,416 |
| Accounts payable and accrued expenses | $22,890,073 |
| 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 | $0 |
| Total liabilities | $22,890,073 |
| Net assets without donor restrictions | $0 |
| 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 | $5,647 |
| Retained earnings, endowment, accumulated income, or other funds | $7,107,696 |
| Total liabilities and net assets/fund balances | $30,003,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharp Health Plan San Diego, CA | $261,289,169 | $875,353,493 |
Oregon Dental Service Portland, OR | $420,288,845 | $628,137,445 |
Intercommunity Health Network Corvallis, OR | $141,416,717 | $441,454,363 |
Inter Valley Health Plan Inc Pomona, CA | $30,003,416 | $260,570,555 |
Hometown Health Plan Inc Reno, NV | $105,254,347 | $238,268,510 |
Hawaii Dental Service Honolulu, HI | $358,953,785 | $255,479,645 |
Ochin Inc Portland, OR | $111,041,907 | $150,535,533 |
Arizona Dental Insurance Service Inc Glendale, AZ | $142,905,114 | $150,253,256 |
Community Health Group Chula Vista, CA | $101,362,340 | $146,687,559 |
Asante Physician Partners Medford, OR | $27,184,469 | $68,506,445 |
Greater Oregon Behavioral Health Inc The Dalles, OR | $40,204,483 | $75,610,299 |
St Francis Community Health Services Honolulu, HI | $12,606,099 | $25,329,395 |