Overview
What is Sentara Health Plans?
Sentara Health Plans, located in Virginia Beach, Virginia, is a nonprofit organization with a team of eight dedicated individuals. They are part of Sentara Health's integrated healthcare system, committed to enhancing community health through state-of-the-art healthcare, disease prevention, and health promotion services. These services are accessible, effective, and affordable. By supporting the charitable, educational, and scientific purposes of Sentara Health and its subsidiaries, Sentara Health Plans aims to improve health every day. They maintain contracts with local providers to ensure the best possible care for individuals and families in the community.
Official website here: www.optimahealth.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90% (Four-Star out of Four Star rating)
Sentara Health Plans has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization demonstrates effective governance with a majority of independent board members, a robust audit and oversight committee, and comprehensive policies addressing conflicts of interest and whistleblower protections.
The nonprofit excels in financial management, boasting a high program expense ratio of 98.46%, which suggests that a large portion of its funds is directed towards its programs rather than administrative costs. Additionally, there are no reported material diversions of assets, reinforcing the organization's commitment to responsible financial practices.
However, the organization has a liabilities to assets ratio of 57.64%, which may indicate a moderate level of financial leverage. While this isn't necessarily a red flag, it does suggest that stakeholders should monitor the financial health closely. Overall, Sentara Health Plans shows a strong commitment to transparency and effective use of resources, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Sentara Health Plans legitimate?
Sentara Health Plans is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sentara Health Plans 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: $3,265,118
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.optimahealth.com
What is the mission statement of Sentara Health Plans?
Sentara Health Plans is a crucial component of Sentara Health's integrated healthcare system, dedicated to enhancing overall health and wellbeing. Their mission is to advance charitable, educational, and scientific objectives alongside Sentara Health and its subsidiaries. Through these pursuits, they strive to provide state-of-the-art health care, disease prevention, and health promotion services in an effective, accessible, and affordable manner for individuals and families in the community. Sentara Health Plans manage contracts with local healthcare providers, ensuring top-tier systems catering to various health needs.
Official website here: www.optimahealth.com
Who is the CEO of Sentara Health Plans?
Colin Drozdowski is the Director/President (Eff 9/22) of Sentara Health Plans.
Official website here: www.optimahealth.com
What is the revenue of Sentara Health Plans?
Sentara Health Plans's revenue in 2022 was $3,355,118,077.
Official website here: www.optimahealth.com
Who are the executives of Sentara Health Plans and what are their salaries?
The average compensation at Sentara Health Plans during 2022 was $408,140. There are 8 employees and 5 volunteers at Sentara Health Plans.
Here are 25 key members and their salaries:
- Compensation: $0
- Related: $10,168,793
- Other: -$310,858
- Compensation: $924,579
- Related: $1,410,346
- Other: $269,863
- Compensation: $0
- Related: $1,019,175
- Other: $16,050
- Compensation: $493,695
- Related: $405,262
- Other: $138,525
- Compensation: $0
- Related: $250,543
- Other: -$81,464
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $40,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,401,429
- Other: -$86,268
- Compensation: $170,614
- Related: $140,054
- Other: -$86,482
- Compensation: $421,993
- Related: $346,404
- Other: $129,034
- Compensation: $385,052
- Related: $316,080
- Other: -$37,058
- Compensation: $328,102
- Related: $269,332
- Other: $38,480
- Compensation: $0
- Related: $229,108
- Other: -$41,470
- Compensation: $0
- Related: $502,537
- Other: $73,874
- Compensation: $158,666
- Related: $130,246
- Other: $14,999
- Compensation: $185,059
- Related: $151,910
- Other: $8,899
- Compensation: $0
- Related: $3,479,384
- Other: -$40,215
- Compensation: $0
- Related: $1,103,191
- Other: -$16,296
- Compensation: $198,655
- Related: $128,581
- Other: -$64,869
- Compensation: $0
- Related: $426,180
- Other: -$72,695
- Compensation: $0
- Related: $342,380
- Other: -$147,687
- Compensation: $0
- Related: $353,209
- Other: -$28,648
Official website here: www.optimahealth.com
Where can I find the form 990 for Sentara Health Plans?
Sentara Health Plans's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.optimahealth.com
Learn more at the official website: www.optimahealth.com
Mission Statement of Sentara Health Plans
Sentara Health Plans, a key component of Sentara Health's integrated healthcare system, is dedicated to enhancing community health daily. Through supporting the charitable, educational, and scientific purposes of Sentara Health and its subsidiaries, Sentara Health Plans strives to provide top-tier healthcare services, disease prevention, and health promotion for individuals and families in an effective, accessible, and affordable manner. By maintaining contracts with area providers, Sentara Health Plans delivers state-of-the-art systems of care that cater to the community's health needs, ensuring that individuals and families have access to essential health services when they need it most. Sentara Health Plans' mission extends beyond just providing healthcare services; it aims to improve overall health and well-being in the community by fostering a culture of wellness and prevention.
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Impact
October, 2024
Sentara Health Plans plays a crucial role in enhancing community health by providing access to quality healthcare services, disease prevention, and health promotion initiatives. By maintaining partnerships with local providers, Sentara Health Plans ensures that individuals and families receive state-of-the-art care tailored to their needs. Their commitment to making healthcare effective, accessible, and affordable directly impacts the well-being of the communities they serve in Virginia Beach and beyond. Through a focus on integrated healthcare, Sentara Health Plans contributes to improved health outcomes and supports overall community wellness.
This information is meant to be a general summary of Sentara Health Plans. 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: -$3,621,747
- Program Service Revenue: $3,358,739,824
- Gross Receipts: $11,167,925,301
Assets and Liabilities:
- Total Assets: $887,162,964
- Total Liabilities: $511,363,553
- Net Assets: $375,799,411
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIBER PREMIUMS
Revenue
$3,358,739,824
Organization Details
Founding Year
1984
Phone
(757) 455-7020Principal Officer
Colin Drozdowski
Main Address
1300 SENTARA PARK, VIRGINIA BEACH, VA, 23464
Website
www.optimahealth.comNTEE Category
Code: E310 - Health
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