Partners Health Plan Inc
93% goes to programs Thin reserves
Partners Health Plan Inc is a 501(c)(4) organization based in Bronx, New York, registered in 2014, with $305,304,394 in FY2024 revenue. CharityIndex grades it C+, and it directs about 93% of spending to programs.
2500 Halsey Street, Bronx, NY, 10461 EIN 46-1496685 Since 2014
Revenue (FY2024)
$305.3M
▼ 9.3% vs prior year
Health median: $840K
Expenses (FY2024)
$359.7M
Net assets
-$110.6M
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+
C+Program efficiency40% of the rating93% 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 Partners Health Plan Inc: 93% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -18% 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 Partners Health Plan Inc: 0 mo reserves · -18% margin earns a D 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 Partners Health Plan Inc: 6 of 6 checks met earns a A+ 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 Partners Health Plan Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Partners health plan, inc. is a mission-driven, person-centered organization dedicated to assisting individuals in pursuing the lives they choose.
Contact & location
- Address
- 2500 Halsey Street, Bronx, NY, 10461
- City
- Bronx
- State
- New York
- Category
- Health Care
- Subcategory
- Health Care Financing
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $88.4M (FY2017) to $305.3M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $187.9MNet assets -$110.6M
Operating margin
-17.8%
Spent more than it raised in the latest fiscal year.
Total assets
$77.3M
Total liabilities
$187.9M
Net assets
-$110.6M
Salaries & benefits
$12.6M
4% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $305,304,394▼9.3% | $359,727,511▲11.3% | -$110,626,967▼96.8% | $77,304,871▼33.5% | 990 |
| 2023 | $336,505,403▲11.3% | $323,221,261▲10.3% | -$56,203,281▲19.1% | $116,304,805▲52.6% | 990 |
| 2022 | $302,379,602▲5.2% | $293,122,825▼6.0% | -$69,488,093▲11.8% | $76,215,193▲52.8% | 990 |
| 2021 | $287,431,178▲10.3% | $311,851,883▲12.3% | -$78,744,408▼45.0% | $49,889,991▲2.0% | 990 |
| 2020 | $260,649,333▲17.9% | $277,681,092▲20.5% | -$54,323,454▼45.7% | $48,917,554▼16.6% | 990 |
| 2019 | $221,034,942▲49.1% | $230,469,415▲54.1% | -$37,280,975▼33.8% | $58,658,370▲44.0% | 990 |
| 2018 | $148,202,298▲67.7% | $149,597,174▲49.7% | -$27,857,965▼5.0% | $40,743,616▲30.8% | 990 |
| 2017 | $88,380,056 | $99,939,959 | -$26,529,928 | $31,160,435 | 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: Kerry Ann Delaney-masawi — $549,384 (0.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kerry Ann Delaney-masawi | Chief Executive Officer | 45 | $549,384 |
| Christopher Masi | Chief Financial Officer | 45 | $297,226 |
| Diane Marrone | Chief of Care Coordination | 45 | $208,280 |
| Premila Kumar | Vp of Quality Programs & Initiatives | 45 | $208,280 |
| Karleen Haines | Chief of Community Relations & Outreach | 45 | $206,203 |
| Tracy Corraro | Vp of Analytics | 45 | $200,138 |
| Natalia Mcgarry | Assistant Vp of Health Care Management | 45 | $165,869 |
| Alden Kaplan | Director and Treasurer (eff. 03/13/2024) | 2 | — |
| Arthur Webb | Director | 2 | — |
| Dr Timothy Sullivan | Director | 2 | — |
| Howard Gold | Director | 2 | — |
| Howard Jurist | Director and Secretary | 2 | — |
| Kevin Conroy | Director | 2 | — |
| Martin Boorstein | Director Emeritus (eff. 03/13/2024) | 2 | — |
| Michael Mascari | Chairman of the Board | 2 | — |
| Steven Logan | Director | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Healthsmart Benefit Solutions | Health Plan Management | $5,040,962 |
| Hmetrix | Data Analytics | $838,050 |
| Care Design New York LLC | Administrative Services | $837,436 |
| Medimpact Healthcare Systems Inc | Pharmacy Benefit Management | $391,815 |
| Greenberg Traurig LLP | Legal Services | $247,003 |
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Compare Partners Health Plan Inc
Frequently asked questions
- Is Partners Health Plan Inc a legitimate nonprofit?
- Yes. Partners Health Plan Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 46-1496685, based in Bronx, New York.
- What is Partners Health Plan Inc's EIN?
- Partners Health Plan Inc's Employer Identification Number (EIN) is 46-1496685.
- How much revenue does Partners Health Plan Inc report?
- Partners Health Plan Inc reported $305,304,394 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Partners Health Plan Inc's spending goes to programs?
- Partners Health Plan Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Partners Health Plan Inc have?
- CharityIndex grades Partners Health Plan Inc C+, based on program efficiency and fundraising cost.
- How much does Partners Health Plan Inc's highest-paid employee make?
- The highest reported compensation on Partners Health Plan Inc's latest Form 990 is $549,384, paid to Kerry Ann Delaney-masawi (Chief Executive Officer).
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Data for Partners Health Plan Inc (EIN 46-1496685) 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.