Elderplan Inc
86% goes to programs Growing revenue
Elderplan Inc is a 501(c)(3) organization based in New York, New York, registered in 1983, with $2,045,758,096 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
55 Water St 46th Floor, New York, NY, 10041 EIN 11-2625096 Since 1983
Revenue (FY2024)
$2.0B
▲ 28.3% vs prior year
Health median: $840K
Expenses (FY2024)
$2.0B
Net assets
$356.4M
Employees
1,314
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Elderplan Inc: 86% to programs earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Elderplan Inc: 2 mo reserves · +3% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Elderplan Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Elderplan Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
A medicare managed care and medicaid managed long term care program.
What they do
In 2014, elderplan made a grant of $10,000,000 to mjhs to use for the hospice program.
Contact & location
- Address
- 55 Water St 46th Floor, New York, NY, 10041
- City
- New York
- State
- New York
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $667.4M (FY2013) to $2.0B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $397.9MNet assets $356.4M
Operating margin
3.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$754.4M
Total liabilities
$397.9M
Net assets
$356.4M
Salaries & benefits
$156.4M
8% of expenses
Board members
15
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,045,758,096▲28.3% | $1,983,292,460▲27.0% | $356,434,287▲23.7% | $754,376,002▲11.3% | 990 |
| 2023 | $1,594,361,712▲26.6% | $1,561,824,105▲25.2% | $288,195,871▲19.4% | $678,009,254▲35.1% | 990 |
| 2022 | $1,259,573,317▲10.3% | $1,247,605,028▲11.2% | $241,414,070▲0.3% | $501,767,408▲13.8% | 990 |
| 2021 | $1,142,003,022▼4.1% | $1,121,689,777▼0.6% | $240,729,254▲6.7% | $441,011,488▲12.3% | 990 |
| 2020 | $1,190,934,065▼2.5% | $1,128,662,067▼4.9% | $225,510,454▲36.6% | $392,708,489▲31.0% | 990 |
| 2019 | $1,221,934,241▲12.3% | $1,187,008,156▲11.2% | $165,105,290▲33.7% | $299,700,880▲8.8% | 990 |
| 2018 | $1,088,227,056▲11.7% | $1,067,010,463▲11.8% | $123,530,720▲18.0% | $275,529,878▲10.7% | 990 |
| 2017 | $974,580,457▲14.8% | $954,371,743▲13.5% | $104,696,242▲8.4% | $248,828,623▲15.3% | 990 |
| 2016 | $848,675,571▲4.0% | $840,732,209▼0.4% | $96,599,846▲9.3% | $215,756,462▲8.3% | 990 |
| 2015 | $816,372,796▲1.0% | $844,059,435▲5.1% | $88,402,845▼24.4% | $199,305,781▼7.6% | 990 |
| 2014 | $808,688,540▲21.2% | $803,365,920▲25.3% | $116,875,591▲4.1% | $215,746,472▲4.2% | 990 |
| 2013 | $667,382,701 | $641,255,847▲21.8% | $112,317,974▲32.9% | $207,024,785▲34.5% | 990 |
| 2012 | — | $526,479,103▲27.5% | $84,487,934▲3.2% | $153,912,205▲4.0% | 990 |
| 2011 | — | $413,034,873▲68.9% | $81,866,948▲74.0% | $148,020,075▲67.6% | 990 |
| 2010 | — | $244,534,740 | $47,039,643 | $88,330,497 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Francisco Polanco — $547,761 (0.03% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Francisco Polanco | Svp of Business Dev & Growth | 35 | $547,761 |
| Diana Gelfand | Chief Clinical Officer | 35 | $508,173 |
| Gilbert Burgos Md | Ed of Medical Affairs | 29 | $481,035 |
| John Coleman | Vp of Finance | 35 | $385,194 |
| Jaclyn O'brien | Vp of Health Economics | 35 | $366,427 |
| Craig Azoff | Svp, Elderplan Info Svcs. | 35 | $362,542 |
| Laurissa Burns | Chief Administrative Officer | 35 | $323,542 |
| Barbara Latesta | Director | 0.5 | $14,430 |
| Amir Kishon | Secretary/treasurer | 0.5 | — |
| Arthur Goshin | Director | 0.5 | — |
| Benny Soffer | Director (7/24 - 9/24) | 0.5 | — |
| Bradley Fluegel | Director | 0.5 | — |
| Burton Esrig | Chairman | 0.5 | — |
| Cari Almo Gallman | Director | 0.5 | — |
| Christina Van Vort | Chief Legal Officer | 24.05 | — |
| Danielle Rollmann | Director | 0.5 | — |
| Daniel Wolfson | Director (7/24-11/24) | 0.5 | — |
| David Koschitzki | Chief Financial Officer | 23.62 | — |
| David Wagner | Ceo, President | 21.75 | — |
| Eli Feldman | Director | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cvscaremark | Pharmacy Benefit Mgr | $119,443,872 |
| Freedom Care LLC | Lhcsa/cdpas | $36,453,243 |
| La Familia Home Care | Lhcsa/cdpas | $33,501,656 |
| Community Home Health Care | Lhcsa/cdpas | $33,237,486 |
| Preferred Home Care of Ny | Lhcsa/cdpas | $32,536,518 |
Grants received · $4.0M total
1 grant to Elderplan Inc totaling $4.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Metropolitan Jewish Health System Inc | Operating | 2016 | $3,967,552 |
Grants made · $10.0M in FY2014
1 grant totaling $10.0M in FY2014. All grants made by Elderplan Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Metropolitan Jewish Health System Inc | To help fund the hospice program | $10,000,000 |
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Compare Elderplan Inc
Frequently asked questions
- Is Elderplan Inc a legitimate nonprofit?
- Yes. Elderplan Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-2625096, based in New York, New York. Donations are tax-deductible.
- What is Elderplan Inc's EIN?
- Elderplan Inc's Employer Identification Number (EIN) is 11-2625096.
- How much revenue does Elderplan Inc report?
- Elderplan Inc reported $2,045,758,096 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Elderplan Inc's spending goes to programs?
- Elderplan Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Elderplan Inc have?
- CharityIndex grades Elderplan Inc A, based on program efficiency and fundraising cost.
- How much does Elderplan Inc's highest-paid employee make?
- The highest reported compensation on Elderplan Inc's latest Form 990 is $547,761, paid to Francisco Polanco (Svp of Business Dev & Growth).
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Data for Elderplan Inc (EIN 11-2625096) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.