Hometown Health Plan Inc
501(c)(4)
85% goes to programs $0 to raise $100 Growing revenue
Hometown Health Plan Inc is a 501(c)(4) organization based in Reno, Nevada, registered in 1991, with $392,073,181 in FY2024 revenue. CharityIndex grades it B+, and it directs about 85% of spending to programs.
1155 Mill St Co Tax Treasury Z-4, Reno, NV, 89502 EIN 88-0231433 Since 1991
Revenue (FY2024)
$392.1M
▲ 8.4% vs prior year
Expenses (FY2024)
$378.3M
Net assets
$54.2M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
AProgram efficiency40% of the rating85% to programs · $0 to raise $100
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 Hometown Health Plan Inc: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +4% 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 Hometown Health Plan Inc: 2 mo reserves · +4% margin earns a B on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Hometown Health Plan Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Hometown Health Plan Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
An hmo health insurance company.
Contact & location
Financial trends
Revenue grew from $296.1M (FY2013) to $392.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $67.1MNet assets $54.2M
Operating margin
3.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$121.3M
Total liabilities
$67.1M
Net assets
$54.2M
Salaries & benefits
$20.3M
5% of expenses
Board members
4
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $392,073,181▲8.4% | $378,275,748▲15.6% | $54,237,297▲31.9% | $121,325,277▲33.9% | 990 |
| 2023 | $361,781,786▲157% | $327,165,381▲99.1% | $41,127,458▲716% | $90,632,241▲13.5% | 990 |
| 2022 | $140,742,491▼47.7% | $164,350,922▼44.2% | $5,037,587▼83.6% | $79,859,894▼16.5% | 990 |
| 2021 | $269,317,841▲13.0% | $294,780,173▲21.7% | $30,717,459▼50.6% | $95,684,117▼9.1% | 990 |
| 2020 | $238,268,510▼5.9% | $242,159,183▼1.2% | $62,135,783▼6.8% | $105,254,347▼8.3% | 990 |
| 2019 | $253,251,841▼7.2% | $244,980,953▼4.9% | $66,633,694▲15.1% | $114,791,187▼0.6% | 990 |
| 2018 | $272,934,800▼30.2% | $257,557,240▼36.5% | $57,889,646▲87.1% | $115,448,901▼7.4% | 990 |
| 2017 | $390,858,130▲4.8% | $405,677,686▲11.7% | $30,948,144▼32.8% | $124,659,740▲6.8% | 990 |
| 2016 | $372,988,539▲5.8% | $363,260,380▲3.8% | $46,060,369▲25.7% | $116,695,991▲29.5% | 990 |
| 2015 | $352,592,809▲5.9% | $349,813,124▲2.2% | $36,650,902▲8.5% | $90,082,632▲1.7% | 990 |
| 2014 | $333,099,309▲12.5% | $342,429,447▲11.9% | $33,769,328▲20.1% | $88,566,129▲12.2% | 990 |
| 2013 | $296,056,892 | $306,101,784▲17.4% | $28,112,509▼26.2% | $78,939,493▼32.0% | 990 |
| 2012 | — | $260,690,891▲14.0% | $38,083,407▲35.5% | $116,026,684▲53.3% | 990 |
| 2011 | — | $228,674,476▲18.9% | $28,115,042▲9.6% | $75,708,622▲59.0% | 990 |
| 2010 | — | $192,309,003▲16.7% | $25,659,244▲18.1% | $47,610,586▲2.6% | 990 |
| 2009 | — | $164,720,584 | $21,718,883 | $46,391,938 | 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: Abhilash Akinapelli — $1,213,951 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Abhilash Akinapelli | Physician - Cardiologist | 60 | $1,213,951 |
| Shining Sun | Physician - Cardiology Ep | 60 | $1,142,030 |
| John Hansen | Physician - Surgeon Vascular | 60 | $1,124,238 |
| Athan Roumanas | Cardiothoracic Cv Surgeon | 60 | $1,108,593 |
| Ben Jaquish | Physician - Surgeon Vascular | 60 | $1,092,661 |
| Bethany Sexton - President | & Chair/ceo Hometown Health | 57 | $622,282 |
| Anna Loomis - Chief | Financial Officer (as of 07/24) | 2 | — |
| Ann Beck | Chief Financial Officer (thru 01/24) | 2 | — |
| Brian Erling | President/ceo | 2 | — |
| Jamie Winter | Secretary | 3 | — |
| Rebekah Winter | Treasurer | 3 | — |
| Sean Hawthorne | Former Officer | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Liberty Dental Plan of Nevada Inc | Insurance Claims Processing | $4,573,301 |
| P3 Health Partners | Insurance Claims Processing | $2,423,517 |
| Eyemed Insurance Company | Insurance Claims Processing | $963,913 |
| Willis Towers Watson | Insurance Broker Services | $697,067 |
| Caremore Health Plan of Nevada | Insurance Claims Processing | $361,587 |
Grants received · $69.8M total
2 grants to Hometown Health Plan Inc totaling $69.8M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Renown Health | General support | 2024 | $28,361,000 |
| Renown Health | General support | 2023 | $41,479,619 |
Frequently asked questions
- Is Hometown Health Plan Inc a legitimate nonprofit?
- Yes. Hometown Health Plan Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 88-0231433, based in Reno, Nevada.
- What is Hometown Health Plan Inc's EIN?
- Hometown Health Plan Inc's Employer Identification Number (EIN) is 88-0231433.
- How much revenue does Hometown Health Plan Inc report?
- Hometown Health Plan Inc reported $392,073,181 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hometown Health Plan Inc's spending goes to programs?
- Hometown Health Plan Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hometown Health Plan Inc have?
- CharityIndex grades Hometown Health Plan Inc B+, based on program efficiency and fundraising cost.
- How much does Hometown Health Plan Inc's highest-paid employee make?
- The highest reported compensation on Hometown Health Plan Inc's latest Form 990 is $1,213,951, paid to Abhilash Akinapelli (Physician - Cardiologist).
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Data for Hometown Health Plan Inc (EIN 88-0231433) 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.