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Nonprofit · EIN 59-1830622

CAPITAL HEALTH PLAN INC

Tax-exempt · TALLAHASSEE, FL 32308

Financials

$1.1B$1.1B2023$1.2B$1.2B2024
Revenue Expenses · by fiscal year end
Financials of CAPITAL HEALTH PLAN INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,189,640,889$1,178,773,085$10,867,804$756,900,040$150,760,616$606,139,424
December 31, 2023990$1,097,163,751$1,091,180,786$5,982,965$744,445,407$155,424,641$589,020,766
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,161,144,580
Investment income
$27,813,507
Net rental income
-$224,321
Net gain from sales of assets
$5,299,146
Net income from sales of inventory
$907,123
Other revenue
$682,802

Expenses

Grants and similar amounts paid
$2,135,227
Benefits paid to members
$1,071,892,544
Compensation of officers, directors and key employees
$6,509,396
Other salaries and wages
$40,602,001
Salaries, compensation and benefits (total)
$65,802,563
Professional fundraising fees
$0
Legal fees
$195,698
Accounting fees
$1,551,801
Occupancy
$5,206,434
Travel
$15,649
Depreciation
$1,101,235
Program services (functional)
$1,135,610,010
Management and general (functional)
$43,163,075

Balance sheet and other

Total assets, start of year
$744,445,407
Total assets, end of year
$756,900,040
Total liabilities, end of year
$150,760,616
Net assets, end of year
$606,139,424
Land, buildings and equipment
$40,327,134
Publicly traded securities
$594,422,548
Net assets without donor restrictions
$606,139,424
Gross receipts
$1,467,945,808
Employees
533
Year formed
1978
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
STEVEN BLUMBERGDIRECTOR
Trustee or director
2$0$1,058,098$237,107
SABIN BASS CPAPRESIDENT& CEO
Officer
50$842,739$0$347,139
ADEKUNLE OMOTAYO MDMEDICAL DIRECTOR50$624,614$0$244,338
ERIC SMITHSR. VP IS & CIO50$589,449$0$190,853
JEFF BEDENBAUGHSR. VP FIN& CFO
Officer
50$517,143$0$194,717
LYNN JONES MDMEDICAL DIRECTOR50$486,581$0$219,629
SEAN LUECKDIRECTOR
Trustee or director
2$0$640,076$38,381
TOM GLENNONSR. VP MARKETING/ADMIN SERVICES50$445,548$0$173,257
CYNTHIA FITZGERALDEND 022024DIRECTOR
Trustee or director
2$0$496,464$119,684
PAUL BAWEK CPACONTROLLER50$430,536$0$139,704
JOHN HOGANPRESIDENT& CEO, FORMER0$471,750$0$47,242
KAREN FROSTSR. VP CLINICAL OPER & ADMIN50$326,797$0$173,368
AMY NEAL MDMEDICAL DOCTOR50$396,196$0$87,326
STEVEN CURRIEO MDMEDICAL DOCTOR50$363,541$0$84,990
CIELO ROSE MDMEDICAL DOCTOR50$362,758$0$85,627
17 more people on this return
NameTitleHours / weekCompensationOther / benefits
KRISTA RANKIN MDMEDICAL DOCTOR50$354,443$79,980
HELEN PAULSON MDMEDICAL DOCTOR50$339,903$81,006
FRANK KAMINSKICOMPLIANCE OFFICER50$235,035$91,067
POLLY WHITEEnd 032024SR. VP QUALITY IMPRV/CLINIC OPER50$241,316$35,629
W KEN BOUTWELL JRCHAIRMAN
Trustee or director, Officer
4$54,700$0
WINIFRED H SCHMELINGVICE CHAIRMAN
Trustee or director, Officer
3$53,100$0
DAVID K COBURNTREASURER
Trustee or director, Officer
3$41,000$0
TOM HERNDONDIRECTOR
Trustee or director, Officer
3$37,480$0
THOMAS A BARRONSECRETARY
Trustee or director, Officer
3$34,400$0
LILLIE BOGANDIRECTOR
Trustee or director
2$33,300$0
ALISON ANWAYDIRECTOR
Trustee or director
2$31,540$0
KATHLEEN MEARSDIRECTOR
Trustee or director
2$30,000$0
J BRIAN SHEEDY MDDIRECTOR
Trustee or director
2$29,780$0
ALMA LITTLESMDDIRECTOR
Trustee or director
2$28,900$0
C DUBOSE AUSLEYDIRECTOR
Trustee or director
2$25,600$0
KYLE CLARKDIRECTOR
Trustee or director
2$8,150$0
ANDRES RODRIGUEZ MDDIRECTOR
Trustee or director
2$4,850$0
990 for the year ended December 31, 2023: 29 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN HOGAN End JulyPRESIDENT& CEO
Officer
50$932,119$0$328,559
JEFF BEDENBAUGHSR. VP FIN& CFO
Officer
50$256,154$515,685$152,588
SABIN BASS CPAPRESIDENT& CEO
Officer
50$691,120$0$226,359
ADEKUNLE OMOTAYO MDMEDICAL DIRECTOR50$597,690$0$240,811
ERIC SMITHSR. VP IS & CIO50$573,802$0$184,411
SEAN LUECKDIRECTOR
Trustee or director
2$0$679,100$57,878
POLLY WHITESR. VP QUALITY IMPRV/CLINIC OPER50$486,224$0$167,921
LYNN JONES MDMEDICAL DIRECTOR50$413,201$0$188,637
TOM GLENNONSR. VP MARKETING/ADMIN SERVICES50$429,673$0$167,341
CYNTHIA FITZGERALDDIRECTOR
Trustee or director
2$0$466,325$103,615
PAUL BAWEK CPACONTROLLER50$414,394$0$136,363
LISA CHATANI MDMEDICAL DOCTOR50$394,511$0$80,334
STEVEN CURRIEO MDMEDICAL DOCTOR50$372,790$0$74,099
AMY NEAL MDMEDICAL DOCTOR50$357,064$0$83,107
CIELO ROSE MDMEDICAL DOCTOR50$351,521$0$79,854
STEVEN LAROSA MDMEDICAL DOCTOR50$324,280$0$100,010
FRANK KAMINSKICOMPLIANCE OFFICER50$222,193$0$87,494
WINIFRED H SCHMELINGVICE CHAIRMAN
Trustee or director, Officer
3$71,840$0$0
W KEN BOUTWELL JRCHAIRMAN
Trustee or director, Officer
4$50,560$0$0
TOM HERNDONDIRECTOR
Trustee or director, Officer
3$46,980$0$0
DAVID K COBURNTREASURER
Trustee or director, Officer
3$41,700$0$0
THOMAS A BARRONSECRETARY
Trustee or director, Officer
3$35,100$0$0
LILLIE BOGANDIRECTOR
Trustee or director
2$32,900$0$0
J BRIAN SHEEDY MDDIRECTOR
Trustee or director
2$30,040$0$0
KATHLEEN MEARSDIRECTOR
Trustee or director
2$29,600$0$0
ALISON ANWAYDIRECTOR
Trustee or director
2$27,400$0$0
C DUBOSE AUSLEYDIRECTOR
Trustee or director
2$24,100$0$0
ISAAC MOOREMD End SepDIRECTOR
Trustee or director
2$8,000$0$0
ALMA LITTLESMD Beg OctDirector
Trustee or director
2$6,300$0$0

Address and contacts

Address (IRS master file)
2140 CENTERVILLE RD, TALLAHASSEE, FL 32308-4314
Signed the 990
JEFF BEDENBAUGH, SR. VP FINANCE & CFO
Phone
(850) 383-3333

Mission

SEE STATEMENT 2

990 for the year ended December 31, 2024

Program accomplishments

  • BACKGROUND AND MISSION:CAPITAL HEALTH PLAN IS A LOCAL HMO FOCUSED ON SERVING THE 9 COUNTIES THAT CONSTITUTE THE TALLAHASSEE, FLORIDA METROPOLITAN AREA. THE HEALTH PLAN'S VISION IS TO BE NATIONALLY RECOGNIZED QUALITY, LOCALLY TRUSTED, AND AFFORDABLE HEALTHCARE. THE HEALTH PLAN'S MISSION: AS A NOT-FOR-PROFIT HMO, WE EXIST TO IMPROVE THE HEALTH OF OUR COMMUNITIES BY PROVIDING HIGH QUALITY, COMPREHENSIVE HEALTH PLANS WITH LOW ADMINISTRATIVE COSTS, THROUGH PRIMARY CARE FOCUSED, PATIENT-CENTERED HEALTHCARE.IN PURSUING THE MISSION, CAPITAL HEALTH PLAN IMPACTS THE HEALTH AND WELL BEING OF TALLAHASSEE AREA RESIDENTS - BOTH THOSE WHO ARE PLAN MEMBERS AND THOSE WHO ARE NOT.CHP SERVES A MEMBERSHIP BASE OF 136,000 PEOPLE; OVER 34% OF THE AREA'S POPULATION. THE HEALTH PLAN HAS DEVELOPED A HIGH QUALITY DELIVERY SYSTEM THAT INCLUDES OVER 800 AREA PHYSICIANS, MORE THAN 90% OF THE MEDICAL COMMUNITY. THE CORE OF THIS DELIVERY SYSTEM IS CHP'S EMPLOYED CLINICAL STAFF, A GROUP OF 32 PHYSICIANS AND 8 OPTOMETRISTS WHO PRACTICE IN THREE STATE-OF-THE-ART HEALTH CENTERS THE PLAN HAS DEVELOPED. THESE HEALTH CENTERS ARE EQUIPPED WITH ELECTRONIC MEDICAL RECORDS AND CAN ACCOMMODATE A BROAD RANGE OF PRIMARY AND SPECIALIST CARE SERVICES INCLUDING EVENING AND WEEKEND URGENT CARE, LAB, SKIN AND WOUND CARE CENTER, INFUSION CLINIC, DIGITAL X-RAY AND MAMMOGRAPHY SERVICES. CHP'S ABILITY TO OFFER A HIGHLY ORGANIZED COMPONENT OF ITS DELIVERY SYSTEM TO ITS MEMBERS HAS PROVIDED UNIQUE OPPORTUNITIES FOR IMPROVING HEALTH CARE OUTCOMES. THE STAFF COMPONENT OF CHP'S DELIVERY SYSTEM CONSISTENTLY PRODUCES BETTER RESULTS ON MEASURES OF CLINICAL CARE,MEMBER SATISFACTION AND EFFICIENCY.CAPITAL HEALTH PLAN SEEKS TO LEAD OUR AREA AND CONTINUALLY IMPROVE PERFORMANCE AGAINST BENCHMARKS FOR CLINICAL QUALITY, MEMBER SATISFACTION, AND AFFORDABILITY. OUR FOCUS ON QUALITY OF CARE IS EVIDENCED BY OUR MEMBER SATISFACTION AND QUALITY RATINGS FROM BOTH NCQA AND CMS, WHERE CHP HAS CONSISTENTLY BEEN RATED AS THE BEST PLAN IN FLORIDA AND ONE OF THE BEST IN THE COUNTRY. IN ADDITION, AS STEWARDS OF OUR MEMBER'S PREMIUM DOLLARS, CHP RETURNED ROUGHLY 97 CENTS OF EVERY PREMIUM DOLLAR TO DELIVER HEALTHCARE SERVICES TO OUR MEMBERS. THIS CONCENTRATION ON QUALITY AND AFFORDABILITY IS COMBINED WITH A CONTINUOUS EFFORT BY OUR MEDICAL LEADERSHIP, IN CONCERT WITH PHYSICIANS AND OTHER PROVIDERS IN THE COMMUNITY, TO IDENTIFY AND ACT UPON OPPORTUNITIES TO LOWER COSTS WHILE MAINTAINING QUALITY. BY BEING OUR AREA'S MARKET LEADER, CAPITAL HEALTH PLAN ATTEMPTS TO RAISE THE BAR FOR PROVIDING VALUE IN HEALTH CARE THROUGHOUT OUR COMMUNITY. IN ADDITION TO THESE MARKETPLACE IMPACTS, CHP DIRECTLY INVESTS IN THE COMMUNITY IT SERVES THROUGH A FORMAL COMMUNITY BENEFIT POLICY ADOPTED BY ITS BOARD OF DIRECTORS. THE POLICY FOCUSES THE ORGANIZATION'S COMMUNITY BENEFIT INITIATIVES IN THREE PRIMARY AREAS:ADDRESSING MARKET FAILURES- CHP WILL BE A LEADING PARTNER IN THE TALLAHASSEE AREA IN ADDRESSING THE NEEDS OF THE UNINSURED AND UNDERINSURED.PROMOTING COMMUNITY HEALTH - CHP WILL TRANSFORM ITS HERITAGE IN POPULATION-BASED HEALTH TO PURSUE STRATEGIES THAT GO BEYOND TRADITIONAL MEDICAL CARE TO IMPACT THE HEALTH OF THE ENTIRE TALLAHASSEE COMMUNITY.CLINICAL TRAINING/RESEARCH- CHP WILL PARTNER WITH THE EDUCATIONAL INSTITUTIONS IN OUR AREA TO HELP TRAIN THE CLINICAL WORKFORCE OUR COMMUNITY WILL NEED IN THE FUTURE AND TO MAXIMIZE AN EVIDENCE-BASED FOCUS ON POPULATION HEALTH IN TRAINING AND RESEARCH.CAPITAL HEALTH PLAN'S COMMITMENT TO COMMUNITY BENEFIT REPRESENTS A SOCIAL DIVIDENDDERIVED FROM THE ORGANIZATION'S ONGOING FOCUS ON EXCELLENT CLINICAL CARE AND SERVICE TO ITS MEMBERS.2024 ACCOMPLISHMENTS AND BENEFIT TO THE COMMUNITYHIGHLIGHTS OF CAPITAL HEALTH PLAN'S CONTRIBUTIONS TO THE HEALTH OF THE TALLAHASSEE AREA IN 2024 INCLUDE THE FOLLOWING:AFFORDABILITYCAPITAL HEALTH PLAN'S COMMERCIAL PREMIUM YIELD INCREASED 5.8% FOR 2024. CHP HAS MAINTAINED 20 CONSECUTIVE YEARS OF SINGLE DIGIT PRICE ADJUSTMENTS. THESE LOW PRICE ADJUSTMENTS WERE ACHIEVED WHILE MAINTAINING A COMPREHENSIVE LEVEL OF HEALTH BENEFITS.CHP'S ADMINISTRATIVE OVERHEAD IS CONSISTENTLY MAINTAINED AT ONE OF THE LOWEST LEVELS IN THE STATE OF FLORIDA, HAS BEEN BELOW 5% OF REVENUES FOR THE PAST 34 YEARS, AND IN 2024 TOTALED 3.6% OF REVENUES.REFLECTING CHP'S SUCCESS IN MAINTAINING OVER 34% OF AREA RESIDENTS IN ITS COMPREHENSIVE HMO PROGRAM, THE TALLAHASSEE AREA - SPECIFICALLY LEON COUNTY, FLORIDA - HAS MAINTAINED THE HIGHEST LEVEL OF HMO MEMBERSHIP AND THE LOWEST LEVEL, BY SURVEY, OF UNINSURED POPULATION IN THE STATE OF FLORIDA.CLINICAL QUALITY AND MEMBER SATISFACTION CHP HAS PERFORMED WELL ACROSS A BROAD RANGE OF CLINICAL BENCHMARKS HIGHLIGHTED BY COLON CANCER SCREENING, WHERE CHP CONSISTENTLY PERFORMED AT ONE OF THE HIGHEST RATES IN THE NATION.COMMUNITY BENEFIT INITIATIVESIN ACCORDANCE WITH OUR COMMUNITY BENEFIT POLICY, THE FOLLOWING INITIATIVES WERE SUPPORTED IN 2024:ADDRESSING MARKET FAILURE/UNINSURED AND UNDERINSUREDSAFETY NET INSTITUTIONS - CHP PROVIDES FINANCIAL SUPPORT FOR THE "WE CARE" PROGRAM ADMINISTERED BY THE CAPITAL MEDICAL SOCIETY FOUNDATION. "WE CARE" PROVIDES DONATED PROFESSIONAL HEALTHCARE SERVICES TO MEDICALLY INDIGENT INDIVIDUALS WHO DO NOT QUALIFY FOR PUBLIC ASSISTANCE. CHP'S FINANCIAL SUPPORT HELPS FUND THE ADMINISTRATIVE COSTS OF THIS PROGRAM. CHP ALSO PROVIDES FINANCIAL SUPPORT THROUGH THE UNITED WAY TO FUND OUTREACH WORKERS TO ASSIST FAMILIES IN QUALIFYING THEIR UNINSURED CHILDREN FOR A VARIETY OF HEALTH PROGRAMS. CHP ALSO PROVIDES FUNDS TO NEIGHBORHOOD MEDICAL CENTER IN TALLAHASSEE WHICH DIRECTLY PROVIDES A RANGE OF PRIMARY HEALTH CARE SERVICES TO LOW-INCOME PEOPLE IN OUR COMMUNITY.PROMOTING COMMUNITY HEALTHCHP CHAMPIONS PROGRAM - THIS IS A PUBLIC SCHOOL PARTNERSHIP CREATED TO HELP STEM THE TIDE OF CHILDHOOD OBESITY BY OFFERING FITNESS PROGRAMS BEFORE AND AFTER SCHOOL. IT WAS DEVELOPED AS A COLLABORATIVE PARTNERSHIP WITH LEON COUNTY SCHOOLS AND THE TALLAHASSEE AREA CHAMBER OF COMMERCE WITH SERVICES PROVIDED THROUGH TITUS SPORTS ACADEMY. CHP STARTED THE PROGRAM IN 2006. THE PROGRAM IS OFFERED TO ALL PUBLIC ELEMENTARY AND MIDDLE SCHOOL CHILDREN. APPROXIMATELY 18,000 CHILDREN ARE REGISTERED FOR THE PROGRAM IN LEON COUNTY AND THE ADJOINING RURAL COUNTIES.CLINICAL TRAININGWITH THE CONTINUAL AGING OF OUR POPULATION AND THE GROWING SHORTAGE OF GENERAL INTERNAL MEDICINE PHYSICIANS PROVIDING PRIMARY CARE SERVICES IN OUR AREA, CHP HAS ACTIVELY WORKED WITH FLORIDA STATE UNIVERSITY'S COLLEGE OF MEDICINE TO ESTABLISH AN ENDOWMENT FUND INVESTMENT. THIS INVESTMENT IS INTENDED TO PROVIDE MUCH NEEDED SCHOLARSHIP SUPPORT TO MEDICAL STUDENTS COMMITTED TO BECOMING GENERAL INTERNAL MEDICINE PHYSICIANS OR GERIATRICIANS PRACTICING IN OUTPATIENT SETTINGS IN LEON AND ADJOINING COUNTIES OF JEFFERSON, GADSDEN, CALHOUN, WAKULLA,LIBERTY AND FRANKLIN.THROUGH A COMPREHENSIVE RANGE OF SERVICES AND INITIATIVES NOTED ABOVE, CAPITAL HEALTH PLAN FULFILLED ITS MISSION AND POSITIVELY IMPACTED THE HEALTH OF THE TALLAHASSEE AREA IT SERVES IN 2024.
    Expenses $1,135,610,010 · grants $2,135,227 · revenue $1,189,865,210

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-1830622
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$756,900,040
Income (IRS master file)
$1,467,945,808

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,189,640,889$1,178,773,085$756,900,040IRS
990December 2023$1,097,163,751$1,091,180,786$744,445,407XML
990December 2022$1,018,630,159$990,665,250$686,375,499IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-1830622).

Questions about CAPITAL HEALTH PLAN INC

What is the EIN of CAPITAL HEALTH PLAN INC?
The employer identification number (EIN) of CAPITAL HEALTH PLAN INC is 59-1830622.
Is CAPITAL HEALTH PLAN INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1982.
Are donations to CAPITAL HEALTH PLAN INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CAPITAL HEALTH PLAN INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CAPITAL HEALTH PLAN INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CAPITAL HEALTH PLAN INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of CAPITAL HEALTH PLAN INC?
The 990 for the year ended December 31, 2024 lists 32 people; 29 received compensation from the organization.
How much revenue does CAPITAL HEALTH PLAN INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,189,640,889, expenses of $1,178,773,085 and total assets of $756,900,040 at year end.

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