Overview
What is Fallon Community Health Plan Inc?
Fallon Community Health Plan Inc, based on the provided information, is a prominent health care services organization dedicated to addressing the diverse and evolving requirements of its members. With a mission to lead in delivering exceptional coordinated care and coverage, the nonprofit focuses on improving health and inspiring hope. Their commitment extends beyond just providing healthcare services, emphasizing on the unique and diverse needs of the community they serve.
Official website here: www.fchp.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 91%, Four-Star out of Four Star rating.
Fallon Community Health Plan Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong performance primarily in the area of Accountability & Finance. This score suggests that the organization demonstrates a high level of transparency, with effective governance practices such as having a majority of independent board members and comprehensive oversight mechanisms in place.
The nonprofit excels in several key areas, including its strong financial management and a high program expense ratio, indicating that a significant portion of its resources goes directly to its programs. Additionally, it has established robust policies, including a conflict of interest policy and a whistleblower policy, which contribute to its accountability framework.
However, the organization's liabilities to assets ratio is relatively moderate at 57.17%, which could suggest potential financial risks that warrant monitoring. Overall, Fallon Community Health Plan Inc appears to be a well-managed nonprofit with a focus on accountability, although it would benefit from continued vigilance regarding its financial liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Fallon Community Health Plan Inc legitimate?
Fallon Community Health Plan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fallon Community Health Plan Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,971,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,365,919
For more financial information, click here
Official website here: www.fchp.org
What is the mission statement of Fallon Community Health Plan Inc?
Fallon Community Health Plan Inc is dedicated to leading the way in delivering exceptional coordinated care and coverage that caters to the unique, diverse, and evolving requirements of its members. By prioritizing the needs of those they serve, Fallon Health aspires to make a positive impact on their health and wellbeing. The organization's mission emphasizes its commitment to adapting and responding to the changing needs of its members, ensuring they receive the care they need when they need it. Through its services, Fallon Community Health Plan Inc aims to inspire hope and enhance the overall health and wellbeing of those it serves.
Official website here: www.fchp.org
Who is the CEO of Fallon Community Health Plan Inc?
Todd Bailey is the President & Ceo of Fallon Community Health Plan Inc. The CEO's salary of Fallon Community Health Plan Inc is $1,419,791 and their total compensation is $2,158,200.
Official website here: www.fchp.org
What is the revenue of Fallon Community Health Plan Inc?
Fallon Community Health Plan Inc's revenue in 2022 was $1,747,343,886.
Official website here: www.fchp.org
Who are the executives of Fallon Community Health Plan Inc and what are their salaries?
The average compensation at Fallon Community Health Plan Inc during 2022 was $62,216. There are 1452 employees at Fallon Community Health Plan Inc.
Here are 28 key members and their salaries (Fallon Community Health Plan Inc's CEO's salary is $1,419,791 and their total compensation is $2,158,200):
- Compensation: $1,419,791
- Related: $0
- Other: $738,409
- Compensation: $607,232
- Related: $0
- Other: $221,159
- Compensation: $495,972
- Related: $0
- Other: $231,748
- Compensation: $500,698
- Related: $0
- Other: $212,897
- Compensation: $483,743
- Related: $0
- Other: $214,401
- Compensation: $469,876
- Related: $0
- Other: $203,754
- Compensation: $404,566
- Related: $0
- Other: $149,693
- Compensation: $379,978
- Related: $0
- Other: $156,283
- Compensation: $345,464
- Related: $0
- Other: $167,169
- Compensation: $359,974
- Related: $0
- Other: $152,247
- Compensation: $366,512
- Related: $0
- Other: $142,667
- Compensation: $352,546
- Related: $0
- Other: $154,959
- Compensation: $347,663
- Related: $0
- Other: $155,600
- Compensation: $308,589
- Related: $0
- Other: $173,174
- Compensation: $260,677
- Related: $0
- Other: $94,949
- Compensation: $230,399
- Related: $0
- Other: $29,369
- Compensation: $46,250
- Related: $0
- Other: $0
- Compensation: $41,000
- Related: $0
- Other: $0
- Compensation: $40,250
- Related: $0
- Other: $0
- Compensation: $37,750
- Related: $0
- Other: $0
- Compensation: $37,250
- Related: $0
- Other: $0
- Compensation: $37,250
- Related: $0
- Other: $0
- Compensation: $30,750
- Related: $0
- Other: $0
- Compensation: $28,250
- Related: $0
- Other: $0
- Compensation: $24,750
- Related: $0
- Other: $0
- Compensation: $24,750
- Related: $0
- Other: $0
- Compensation: $8,250
- Related: $0
- Other: $0
- Compensation: $6,750
- Related: $0
- Other: $0
Official website here: www.fchp.org
Where can I find the form 990 for Fallon Community Health Plan Inc?
Fallon Community Health Plan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fchp.org
Learn more at the official website: www.fchp.org
Mission Statement of Fallon Community Health Plan Inc
Fallon Community Health Plan Inc, a leading health care services organization, is dedicated to providing exceptional coordinated care and coverage that caters to the unique, diverse, and evolving needs of its members. The mission of Fallon Community Health Plan is to be a beacon of hope in the health sector, inspiring confidence and delivering comprehensive solutions that address the complexities of health care.
By prioritizing the needs of its members, Fallon Community Health Plan works tirelessly to ensure that every individual receives the care and support they require. The organization's commitment to excellence is reflected in its adaptable and inclusive approach, which recognizes the importance of addressing the diverse and ever-changing health care needs of its community.
Fallon Community Health Plan's team of dedicated professionals collaborates closely with healthcare providers and industry partners to develop and implement innovative solutions that improve health outcomes and promote overall wellbeing. Through its unwavering dedication to quality and compassion, Fallon Community Health Plan has become a trusted name in the health care industry, transforming lives and making a positive impact on the lives of those it serves.
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Impact
October, 2024
Fallon Community Health Plan Inc significantly impacts the healthcare landscape by offering exceptional coordinated care and coverage tailored to the unique needs of its members. Based in Worcester, MA, Fallon Health is dedicated to improving health outcomes and inspiring hope within the communities it serves. The organization adapts to the diverse and evolving healthcare demands of its membership, ensuring that individuals receive the necessary support and resources to manage their health effectively. By focusing on innovative care solutions and patient-centered services, Fallon Health plays a vital role in enhancing overall community wellness and accessibility to healthcare.
This information is meant to be a general summary of Fallon Community Health Plan Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,960,215
- Program Service Revenue: $1,739,420,952
- Gross Receipts: $1,904,019,451
Assets and Liabilities:
- Total Assets: $698,844,489
- Total Liabilities: $442,003,253
- Net Assets: $256,841,236
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM-GOVERNMENTAL
Revenue
$1,708,969,648
PREMIUM-COMMERCIAL
Revenue
$30,451,304
Organization Details
Founding Year
1975
Phone
(508) 799-2100Principal Officer
Todd Bailey
Main Address
10 Chestnut Street, Worcester, MA, 01608
Website
www.fchp.orgNTEE Category
Code: E800 - Health
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