GROUP HEALTH PLAN INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,519,002,057
Program Services
72%
Other
26%
Investments
1%
Government Grants
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,576,869,175
Salaries & Benefits
67%
Other
16%
Offices, Occupancy & IT
8%
Fees to Service Providers
5%
Depreciation
3%
Advertising & Promotion
<1%
Interest
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$3,877,406
$3,552,113
-8%
Fundraising Events
$0
$0
-
Program Services
$975,889,753
$1,098,252,165
+13%
Membership Dues
$0
$0
-
Investments
$13,127,182
$22,466,607
+71%
Other
$268,664,912
$394,731,172
+47%
Total Revenues
$1,261,559,253
$1,519,002,057
+20%
Expenses
2023
2024
Change
Grants
$236,967
$319,286
+35%
Benefits to Members
$0
$0
-
Salaries & Benefits
$801,972,130
$1,055,537,027
+32%
Fees to Service Providers
$297,820,354
$76,745,538
-74%
Advertising & Promotion
$4,637,834
$5,593,431
+21%
Offices, Occupancy & IT
$71,390,743
$133,620,318
+87%
Interest
$598,861
$3,947,070
+559%
Depreciation
$18,242,106
$48,217,701
+164%
Other
$203,144,534
$252,888,804
+24%
Total Expenses
$1,398,043,529
$1,576,869,175
+13%
Net income
2023
2024
Change
Net income
-$136,484,276
-$57,867,118
+58%
Functional Expenses
Summary
2023
2024
Change
Program
$1,183,246,460
$1,067,076,275
-10%
Admin
$214,797,069
$509,792,900
+137%
Fundraising
$0
$0
-
Total Expenses
$1,398,043,529
$1,576,869,175
+13%
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