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Hamaspik Choice

Spring Valley, NY · EIN 45-4781328 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Hamaspik Choice reported $406.2 million in revenue and $399.2 million in expenses for calendar year 2024. Of every $100 it spent, $94.91 went to program services, $5.09 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: 97.5% of the total. The highest compensation it reported for one person was $1,035,283 (EXECUTIVE DIRECTOR). 80 people received more than $100,000 in reportable compensation. Revenue rose 247% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $399M

For 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 $406M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
94.9%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
5.1%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
97.5%93.7%
Highest reported compensation
Part VII-A, columns D–F
$1,035,283$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.26%1.34%
People paid over $100,000
Part VII, line 2
8027
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
0.96.6
Independent voting board members
Part VI 1a–1b
4 of 488.9%

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 expense
$379M expenses · 100.0% of program spending · revenue $404M

Hamaspik Choice is a managed long term care plan that provides eligible members with healthcare-related products and services, on a partially capitated basis

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
EXECUTIVE DIRECTOR
Officer, 40.00 hrs/week
$1,026,691$0$8,592$1,035,283
CHIEF BUSINESS DEVELOPMENT OFFICER
Key employee, 40.00 hrs/week
$724,931$0$38,065$762,996
CHIEF OPERATING OFFICER
Officer, 40.00 hrs/week
$365,927$0$37,997$403,924
MEDICAL DIRECTOR
Highest compensated employee, 40.00 hrs/week
$376,392$0$0$376,392
VP OF COMPLIANCE & REGULATORY AFFAIRS
Key employee, 40.00 hrs/week
$327,333$0$24,519$351,852
ENROLLMENT SUPERVISOR
Highest compensated employee, 40.00 hrs/week
$258,769$0$12,514$271,283
CHIEF OF STRATEGIC INITIATIVES
Highest compensated employee, 34.00 hrs/week
$237,247$0$25,662$262,909
MANAGER OF FACILITY ENROLLMENTS
Highest compensated employee, 40.00 hrs/week
$217,562$0$23,275$240,837

80 people received more than $100,000 in reportable compensation from Hamaspik Choice (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.8M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$406M$399M94.9%$29M$1,035,283
2023 ⓘ$212M$238M94.2%$22M$1,823,585
2022 ⓘ$93M$92M86.0%$48M$726,860
2021 ⓘ$111M$88M89.3%$48M$550,901
2020 ⓘ$112M$102M91.9%$25M$448,544
2019 ⓘ$117M$124M92.4%$15M$550,014

Governance 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–1b4 · 4 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 15aYes
  • 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 4No
  • 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 5489
  • Volunteers Part I, line 64

Correct a figure or respond

Every number above is copied from Hamaspik Choice's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hamaspik Choice, you can publish a response that is linked from this page.

Questions people ask

How much of Hamaspik Choice's spending goes to programs?

In calendar year 2024, Hamaspik Choice reported that 94.9% of its $399.2 million in expenses went to program services, 5.1% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Hamaspik Choice pay its top executive?

The largest total compensation Hamaspik Choice reported for one person in calendar year 2024 was $1,035,283, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Hamaspik Choice get its money?

Of $406.2 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 97.5% from program service revenue (Form 990, Part VIII).

Is Hamaspik Choice a registered charity?

The IRS lists EIN 45-4781328 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 202513119349302036 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202433199349317633 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343199349326194 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213149349303856 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202220109349300102 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013219349322851 · read the filing

All filings for EIN 45-4781328: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.