Elderplan
Elderplan reported $2.05 billion in revenue and $1.98 billion in expenses for calendar year 2024. Of every $100 it spent, $86.11 went to program services, $13.89 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.1% of the total. The highest compensation it reported for one person was $1,655,965 (CEO, PRESIDENT). 441 people received more than $100,000 in reportable compensation. Revenue rose 67% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.98BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $2.05BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.9% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,655,965 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.08% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 441 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.2 | 6.6 |
| Independent voting board members Part VI 1a–1b | 13 of 15 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseA not-for-profit health plan that's dedicated to caring for new yorkers, elderplan (including homefirst - one of the oldest, and today one of the largest and most highly-rated, managed long-term care plans in ny state) is committed to serving the needs of at-risk, largely dual-elegible, members of the community of all religious and cultural backgrounds as well as gender identity, sexual orientation and military status. A member of the mjhs health system family, elderplan carries on a tradition of compassion, diginity and respect, first established by the four brooklyn ladies in 1907.…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO, PRESIDENT Director/trustee, officer, 21.75 hrs/week | $0 | $1,508,391 | $147,574 | $1,655,965 |
| CHIEF FINANCIAL OFFICER Officer, 23.62 hrs/week | $0 | $727,248 | $136,046 | $863,294 |
| CHIEF LEGAL OFFICER Officer, 24.05 hrs/week | $0 | $738,027 | $90,830 | $828,857 |
| SVP of Business DEV & GROWTH Highest compensated employee, 35.0 hrs/week | $547,761 | $0 | $106,387 | $654,148 |
| CHIEF CLINICAL OFFICER Key employee, 35.0 hrs/week | $508,173 | $0 | $77,860 | $586,033 |
| ED OF MEDICAL AFFAIRS Highest compensated employee, 29.0 hrs/week | $481,035 | $0 | $79,401 | $560,436 |
| VP OF FINANCE Highest compensated employee, 35.0 hrs/week | $385,194 | $0 | $87,273 | $472,467 |
| VP OF HEALTH ECONOMICS Highest compensated employee, 35.0 hrs/week | $366,427 | $0 | $53,197 | $419,624 |
441 people received more than $100,000 in reportable compensation from Elderplan (Part VII, line 2). Compensation of current officers, directors and key employees totaled $962K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 51,314
- Volunteers Part I, line 616
Correct a figure or respond
Every number above is copied from Elderplan's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Elderplan, you can publish a response that is linked from this page.
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Of every $100 Elderplan spent in 2024, $86.11 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Elderplan's spending goes to programs?
In calendar year 2024, Elderplan reported that 86.1% of its $1.98 billion in expenses went to program services, 13.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Elderplan pay its top executive?
The largest total compensation Elderplan reported for one person in calendar year 2024 was $1,655,965, for the role of CEO, PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Elderplan get its money?
Of $2.05 billion in revenue in calendar year 2024, 0.0% came from contributions and grants and 99.1% from program service revenue (Form 990, Part VIII).
Is Elderplan a registered charity?
The IRS lists EIN 11-2625096 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533169349305118 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443169349303929 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323149349302487 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243159349304389 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143159349306899 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033189349304973 · read the filing
All filings for EIN 11-2625096: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.