New York State Catholic Health Plan Inc
Only 0% goes to programs Strong reserves
New York State Catholic Health Plan Inc is a 501(c)(3) organization based in New York, New York, registered in 1998, with $1,086,429 in FY2024 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
488 Madison Avenue 3rd Floor, New York, NY, 10022 EIN 11-3153422 Since 1998
Revenue (FY2024)
$1.1M
▼ 92.4% vs prior year
Health median: $840K
Expenses (FY2024)
$2.4M
Net assets
$14.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
FProgram efficiency40% of the rating0% 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 New York State Catholic Health Plan Inc: 0% to programs earns a F on this criterion. See the exact thresholds →
FFinancial health25% of the rating71 mo reserves · -125% 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 New York State Catholic Health Plan Inc: 71 mo reserves · -125% margin earns a F 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 New York State Catholic Health Plan 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 New York State Catholic Health Plan Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
New york state catholic health plan, inc. was established to promote health through quality, accessible care and services for all; to join in partnership with health professionals to assist them in their healing work; to act as a facilitator to build linkages and systems for the coordination of care and services among healthcare, behavioral and social services, as well as educators and religious leaders, to address the spiritual, emotional and physical needs of those it serves; to advocate for a health policy that accords true dignity and respect for all human persons, especially the poor and undeserved.
What they do
Medicaid advantage plus is a full-risk managed long-term care program for individuals 18 years of age and older with medicare and medicaid coverage who have a chronic illness or disability. members must be in need of long-term care services and may need care typically given in a nursing home. as of december 31, 2019, nyschp served approximately 90 medicaid advantage plus program beneficiaries under reinsurance arrangements with hallmark life insurance company.
Other than medicare advantage, which provides medicare benefits through a private health insurer, the other medicare related products (medicare advantage d-snp, medicare advantage plus, and medicaid advantage plus) are programs for those who meet eligibility requirements for both medicare and medicaid and are enrolled in both programs. as of december 31, 2019, nyschp served approximately 1,300 medicare related products beneficiaries under reinsurance arrangements with hallmark life insurance company.
Contact & location
- Address
- 488 Madison Avenue 3rd Floor, New York, NY, 10022
- City
- New York
- State
- New York
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $4.1B (FY2013) to $1.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $425KNet assets $14.5M
Operating margin
-125.3%
Spent more than it raised in the latest fiscal year.
Total assets
$15.0M
Total liabilities
$425K
Net assets
$14.5M
Salaries & benefits
$0
0% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,086,429▼92.4% | $2,447,653▲55.5% | $14,539,325▼8.6% | $14,964,464▼7.3% | 990 |
| 2023 | $14,241,518 | $1,574,194▲0.6% | $15,900,549▲392% | $16,146,864▲343% | 990 |
| 2022 | $0 | $1,565,537▼7.1% | $3,233,225▼32.6% | $3,642,814▼93.5% | 990 |
| 2021 | $0 | $1,686,000▼0.2% | $4,798,762▲149% | $55,875,066▼46.3% | 990 |
| 2020 | $0▼100% | $1,689,786▼99.8% | $1,926,762▼46.7% | $104,069,976▼79.5% | 990 |
| 2019 | $856,354,381▼90.1% | $859,422,093▼88.4% | $3,616,548▼97.7% | $506,752,403▼23.2% | 990 |
| 2018 | $8,677,977,457▼11.2% | $7,401,492,957▼21.8% | $157,168,260▼92.6% | $659,716,609▼84.6% | 990 |
| 2017 | $9,773,756,227▲15.8% | $9,461,980,911▲16.4% | $2,121,511,228▲19.9% | $4,275,726,392▲26.9% | 990 |
| 2016 | $8,438,339,064▲29.9% | $8,127,257,741▲30.2% | $1,769,998,774▲23.3% | $3,370,300,258▲26.9% | 990 |
| 2015 | $6,493,574,288▲22.4% | $6,241,795,918▲24.0% | $1,435,089,396▲17.6% | $2,655,764,792▲20.7% | 990 |
| 2014 | $5,304,760,754▲29.3% | $5,033,018,334▲34.4% | $1,220,028,234▲27.8% | $2,199,606,728▲35.6% | 990 |
| 2013 | $4,101,540,222 | $3,745,077,735▲22.8% | $954,929,941▲63.0% | $1,622,426,424▲43.8% | 990 |
| 2012 | — | $3,048,584,667▲30.5% | $585,913,091▲75.8% | $1,128,562,629▲51.5% | 990 |
| 2011 | — | $2,336,248,588▲25.0% | $333,250,448▲25.7% | $745,086,008▲27.2% | 990 |
| 2010 | — | $1,869,592,693 | $265,042,605 | $585,701,387 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Deacon Frank J Thomas Md | Chairman of the Board | 1 | — |
| John J Hurley | Director | 1 | — |
| Mary Thompson | Director/secretary | 1 | — |
| Michael J Tooley | Director | 1 | — |
| Thomas Doodian | Director/treasurer | 1 | — |
| William Whiston | Director/ceo | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Loeb & Loeb LLP | Legal Counsel/services | $1,607,294 |
| Archdiocese of New York | Administrative Services | $180,000 |
| Deloitte & Touche LLP | Accounting/tax Services | $103,510 |
Grants received · $3,000 total
1 grant to New York State Catholic Health Plan Inc totaling $3,000, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New York State Catholic Health Plan Inc | Part iv, supplemental information | 2018 | $3,000 |
Grants made · $150K in FY2019
1 grant totaling $150K in FY2019. All grants made by New York State Catholic Health Plan Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Alfred Smith Memorial Foundation | See part iv | $150,000 |
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Frequently asked questions
- Is New York State Catholic Health Plan Inc a legitimate nonprofit?
- Yes. New York State Catholic Health Plan Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-3153422, based in New York, New York. Donations are tax-deductible.
- What is New York State Catholic Health Plan Inc's EIN?
- New York State Catholic Health Plan Inc's Employer Identification Number (EIN) is 11-3153422.
- How much revenue does New York State Catholic Health Plan Inc report?
- New York State Catholic Health Plan Inc reported $1,086,429 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of New York State Catholic Health Plan Inc's spending goes to programs?
- New York State Catholic Health Plan Inc spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does New York State Catholic Health Plan Inc have?
- CharityIndex grades New York State Catholic Health Plan Inc C, based on program efficiency and fundraising cost.
- How much does New York State Catholic Health Plan Inc's highest-paid employee make?
- The highest reported compensation on New York State Catholic Health Plan Inc's latest Form 990 is $0, paid to Deacon Frank J Thomas Md (Chairman of the Board).
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Data for New York State Catholic Health Plan Inc (EIN 11-3153422) 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.