Nonprofit · EIN 59-2742907
AVMED INC
Also known as CHRISTINE SHIPLEY CPO
Tax-exempt · VIRGINIA BCH, VA 23464
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $616,585,583 | $800,710,663 | -$184,125,080 | $444,319,576 | $326,111,075 | $118,208,501 |
| December 31, 2023 | 990 | $698,732,792 | $809,427,276 | -$110,694,484 | $536,967,116 | $300,551,175 | $236,415,941 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $606,831,497
- Investment income
- $9,677,253
- Net gain from sales of assets
- $79,810
- Other revenue
- $76,833
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $715,874
- Accounting fees
- $377,496
- Occupancy
- $2,507,100
- Travel
- $392,687
- Depreciation
- $3,270,738
- Program services (functional)
- $772,922,788
- Management and general (functional)
- $27,787,875
Balance sheet and other
- Total assets, start of year
- $536,967,116
- Total assets, end of year
- $444,319,576
- Total liabilities, end of year
- $326,111,075
- Net assets, end of year
- $118,208,501
- Land, buildings and equipment
- $6,490,648
- Publicly traded securities
- $108,691,360
- Net assets without donor restrictions
- $118,208,501
- Gross receipts
- $630,004,707
- Employees
- 1
- Volunteers
- 5
- Year formed
- 1986
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DENNIS A MATHEIS | DIRECTOR Trustee or director, Officer | 1 | $0 | $6,056,025 | $319,017 |
| ROBERT A BROERMANN | TREASURER Officer | 1 | $0 | $3,111,555 | $345,144 |
| COLIN DROZDOWSKI | DIRECTOR/PRESIDENT Trustee or director, Officer | 1 | $0 | $1,983,533 | $203,969 |
| JAMES M REPP | DIRECTOR Trustee or director | 1 | $0 | $1,852,274 | $43,855 |
| EARL J BARNES II | SECRETARY Officer | 1 | $0 | $1,489,106 | $152,653 |
| CHRISTINE M SHIPLEY | FORMER KE Former | 0 | $0 | $994,244 | $27,845 |
| FRANK IZQUIERDO | FORMER KE Former | 0 | $0 | $948,787 | $47,190 |
| ERIC D JOHNSON | FORMER KE Former | 0 | $0 | $950,140 | $43,939 |
| TIMOTHY MATSUBARA | FORMER T5 Former | 0 | $0 | $544,893 | $49,710 |
| ROBERT D BONNELL MD | FORMER T5 Former | 0 | $0 | $512,617 | $40,106 |
| ANDRES GONZALEZ | FORMER T5 Former | 0 | $0 | $517,856 | $12,782 |
| IAN M ANDES | FORMER T5 Former | 0 | $0 | $491,282 | $27,383 |
| JAVIER MENDOZA | FORMER T5 Former | 0 | $0 | $439,910 | $50,326 |
| CATHERINE A ALLEN | FORMER KE Former | 0 | $0 | $450,806 | $600 |
| G WILKINS HUBBARD II MD | DIRECTOR Trustee or director | 1 | $0 | $244,658 | -$16,925 |
7 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JEFFERY O SMITH ED D | DIRECTOR Trustee or director | 1 | $0 | $40,000 |
| CATHIE J VICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARYL L JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FREDERICK C COBLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J LES HALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY R BOTERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT C FORT | DIRECTOR/CHAIR Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DENNIS A MATHEIS | DIRECTOR Trustee or director, Officer | 1 | $0 | $5,723,707 | $84,854 |
| ROBERT A BROERMANN | TREASURER Officer | 1 | $0 | $2,673,690 | $135,907 |
| JAMES M REPP | DIRECTOR Trustee or director | 40 | $1,989,348 | $0 | $43,463 |
| COLIN DROZDOWSKI | DIRECTOR/PRESIDENT Trustee or director, Officer | 7 | $0 | $1,514,230 | $197,193 |
| EARL J BARNES II | SECRETARY Officer | 1 | $0 | $1,094,606 | $143,768 |
| FRANK IZQUIERDO | SR. VP PROVIDER SOLUTIONS Key employee | 40 | $922,383 | $0 | $47,763 |
| CATHERINE A ALLEN | SR. VP CHIEF MARKETING OFFICER Key employee | 40 | $939,540 | $0 | $24,753 |
| CHRISTINE M SHIPLEY | SR. VP CHIEF PEOPLE OFFICER Key employee | 40 | $907,133 | $0 | $27,537 |
| ERIC D JOHNSON | SR. VP CHIEF ACTUARY, CIO Key employee | 40 | $885,592 | $0 | $42,192 |
| PAUL AITKEN MD | SR. VP CMO (THRU 9/8/23) Key employee | 40 | $699,947 | $0 | $36,562 |
| ROBERT D BONNELL MD | REGIONAL MEDICAL DIRECTOR Highest-paid employee | 40 | $646,550 | $0 | $46,163 |
| TIMOTHY MATSUBARA | VP FINANCE Highest-paid employee | 40 | $633,212 | $0 | $45,083 |
| JAVIER MENDOZA | VP PRODUCT PORTFOLIO MGMT Highest-paid employee | 40 | $590,683 | $0 | $37,970 |
| ANDRES GONZALEZ | VP DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $581,752 | $0 | $13,085 |
| IAN M ANDES | VP PROVIDER CONTRACT & SVS Highest-paid employee | 40 | $539,406 | $0 | $26,432 |
| G WILKINS HUBBARD II MD | DIRECTOR Trustee or director | 1 | $0 | $263,478 | $33,519 |
| JEFFERY O SMITH ED D | DIRECTOR Trustee or director | 1 | $0 | $44,191 | $0 |
| J LESLIE HALL | DIRECTOR Trustee or director | 1 | $0 | $2,077 | $0 |
| ROBERT C FORT | DIRECTOR/CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CATHIE J VICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FREDERICK C COBLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DARYL L JONES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NANCY R BOTERO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1300 SENTARA PARK, VIRGINIA BCH, VA 23464-5884
- In care of
- % REBECCA WILSON
- Principal officer (990 for 2024)
- COLIN DROZDOWSKI, 1300 SENTARA PARK, VIRGINIA BEACH, VA 23464
- Signed the 990
- SHARILYN CAMPBELL, TREASURER
- Phone
- (757) 455-7020
- Website
- WWW.AVMED.ORG
Mission
AS PART OF SENTARA HEALTH'S INTEGRATED HEALTH CARE SYSTEM, WE IMPROVE HEALTH EVERY DAY BY PROVIDING ACCESS TO HIGH-QUALITY, AFFORDABLE HEALTH CARE SERVICES THROUGH A NETWORK OF CREDENTIALED HEALTH CARE PROVIDERS. AVMED, INC. PROVIDES AFFORDABLE, NON-COMMERCIAL-TYPE HEALTH BENEFITS CONTRACTS, EDUCATES ITS ENROLLEES ABOUT HEALTH ISSUES, PROVIDES WELLNESS AND DISEASE PREVENTION PROGRAMS, CONDUCTS HEALTH FAIRS, PROVIDES DISEASE AND CHRONIC CARE MANAGEMENT PROGRAMS, MANAGES COMPLEX CASES, AND PROVIDES PRESCRIPTION DRUGS AND CERTAIN MEDICAL RESEARCH PROGRAMS. AVMED, INC. OFFERS ITS PROGRAM OF SERVICES AT AFFORDABLE FIXED PRICES TO FLORIDA EMPLOYERS AND VULNERABLE POPULATIONS INCLUDING INDIVIDUALS, SMALL EMPLOYER GROUPS AND SENIOR CITIZENS THROUGH THE MEDICARE ADVANTAGE PROGRAM (INCLUDING PRESCRIPTION DRUGS).
Program accomplishments
- AVMED, INC. PROVIDED HEALTH MAINTENANCE ORGANIZATION SERVICES TO EMPLOYERS AND INDIVIDUALS, INCLUDING SMALL EMPLOYER GROUPS AND SENIOR CITIZENS. AVMED, INC. ALSO PROVIDED ADMINISTRATIVE SERVICES FOR SELF-FUNDED HEALTH CARE PLANS.SEE ALSO SCHEDULE OExpenses $772,922,788 · revenue $606,831,497
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-2742907
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $444,319,576
- Income (IRS master file)
- $630,004,707
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $616,585,583 | $800,710,663 | $444,319,576 | IRS |
| 990 | December 2023 | $698,732,792 | $809,427,276 | $536,967,116 | XML |
| 990 | December 2022 | $823,068,692 | $988,921,823 | $378,952,909 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 59-2742907).
Questions about AVMED INC
- What is the EIN of AVMED INC?
- The employer identification number (EIN) of AVMED INC is 59-2742907.
- Is AVMED INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1987.
- Are donations to AVMED INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AVMED 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 AVMED 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 AVMED INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AVMED INC?
- The 990 for the year ended December 31, 2024 names COLIN DROZDOWSKI.
- Who are the officers and directors of AVMED INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 0 received compensation from the organization.
- How much revenue does AVMED INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $616,585,583, expenses of $800,710,663 and total assets of $444,319,576 at year end.
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