Civic Intelligence

Capital District Physicians' Health Plan Inc

EIN 14-1641028 • 501(c)4 • Latham, NY

Profile

Cdphp provides quality health care at a reasonable cost for cdphp members and operates as a model for the delivery, financing, and administration of health care services.

6 Wellness WayLatham, NY 12110

www.cdphp.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.83x

Higher debt load relative to assets than 76% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.21x

Higher debt load relative to revenue than 23% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Net Margin

13th percentile

-3.9%

Higher net margin than 13% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$1,506,978

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

$1B+ nonprofits • Source year 2024

Asset Growth

5th percentile

-9.8%

Faster asset growth than 5% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

2.5%

Faster revenue growth than 21% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Assets

Down

$530,312,235

Down $57,714,906 (-9.8%) from 2023

Liabilities

Up

$440,752,112

Up $109,290,854 (+33%) from 2023

Net Assets

Down

$89,560,123

Down $167,005,760 (-65%) from 2023

Revenue

Up

$2,087,598,226

Up $51,618,080 (+2.5%) from 2023

Expenses

Up

$2,168,199,456

Up $186,663,231 (+9.4%) from 2023

Net Income

Down

-$80,601,230

Down $135,045,151 (-248%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800M$600M$400M$200M$0Assets 2010: $500,325,970Liabilities 2010: $184,638,449Net Assets 2010: $315,687,5212010Assets 2011: $571,683,092Liabilities 2011: $213,592,484Net Assets 2011: $358,090,6082011Assets 2012: $622,934,009Liabilities 2012: $219,532,528Net Assets 2012: $403,401,4812012Assets 2013: $526,345,828Liabilities 2013: $199,671,811Net Assets 2013: $326,674,0172013Assets 2014: $477,542,554Liabilities 2014: $197,213,701Net Assets 2014: $280,328,8532014Assets 2015: $514,503,766Liabilities 2015: $195,821,998Net Assets 2015: $318,681,7682015Assets 2016: $543,253,306Liabilities 2016: $210,871,653Net Assets 2016: $332,381,6532016Assets 2017: $564,420,374Liabilities 2017: $204,919,672Net Assets 2017: $359,500,7022017Assets 2018: $623,455,338Liabilities 2018: $219,337,641Net Assets 2018: $404,117,6972018Assets 2019: $671,719,138Liabilities 2019: $236,548,634Net Assets 2019: $435,170,5042019Assets 2020: $778,008,144Liabilities 2020: $301,294,044Net Assets 2020: $476,714,1002020Assets 2021: $743,367,236Liabilities 2021: $371,636,714Net Assets 2021: $371,730,5222021Assets 2022: $629,458,696Liabilities 2022: $386,054,137Net Assets 2022: $243,404,5592022Assets 2023: $588,027,141Liabilities 2023: $331,461,258Net Assets 2023: $256,565,8832023Assets 2024: $530,312,235Liabilities 2024: $440,752,112Net Assets 2024: $89,560,1232024

Highlighted filing

2024

Assets$530,312,235
Liabilities$440,752,112
Net Assets$89,560,123

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0B$2.0B$1.0B$0-$1.0BExpenses 2010: $990,382,9132010Expenses 2011: $1,054,307,7112011Expenses 2012: $1,209,542,6272012Revenue 2013: $1,314,663,338Expenses 2013: $1,291,669,710Net Income 2013: $22,993,6282013Revenue 2014: $1,448,037,570Expenses 2014: $1,424,344,226Net Income 2014: $23,693,3442014Revenue 2015: $1,518,625,155Expenses 2015: $1,432,922,843Net Income 2015: $85,702,3122015Revenue 2016: $1,450,599,647Expenses 2016: $1,416,798,267Net Income 2016: $33,801,3802016Revenue 2017: $1,447,983,526Expenses 2017: $1,428,546,413Net Income 2017: $19,437,1132017Revenue 2018: $1,519,962,941Expenses 2018: $1,477,007,828Net Income 2018: $42,955,1132018Revenue 2019: $1,610,134,034Expenses 2019: $1,592,330,440Net Income 2019: $17,803,5942019Revenue 2020: $1,749,273,300Expenses 2020: $1,777,852,843Net Income 2020: -$28,579,5432020Revenue 2021: $1,909,442,378Expenses 2021: $1,948,052,467Net Income 2021: -$38,610,0892021Revenue 2022: $2,044,552,285Expenses 2022: $2,069,745,086Net Income 2022: -$25,192,8012022Revenue 2023: $2,035,980,146Expenses 2023: $1,981,536,225Net Income 2023: $54,443,9212023Revenue 2024: $2,087,598,226Expenses 2024: $2,168,199,456Net Income 2024: -$80,601,2302024

Highlighted filing

2024

Revenue$2,087,598,226
Expenses$2,168,199,456
Net Income-$80,601,230

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$530$441$89.6$2,088$2,168$80.6
2023Summary only. Only limited summary data is available for this year.$588$331$257$2,036$1,982$54.4
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$629$386$243$2,045$2,070$25.2
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$743$372$372$1,909$1,948$38.6
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$778$301$477$1,749$1,778$28.6
2019Summary only. Only limited summary data is available for this year.$672$237$435$1,610$1,592$17.8
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$623$219$404$1,520$1,477$43.0
2017Summary only. Only limited summary data is available for this year.$564$205$360$1,448$1,429$19.4
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$543$211$332$1,451$1,417$33.8
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$515$196$319$1,519$1,433$85.7
2014Detailed filing. Detailed filing data is available for this year.$478$197$280$1,448$1,424$23.7
2013Detailed filing. Detailed filing data is available for this year.$526$200$327$1,315$1,292$23.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$623$220$403$1,210
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$572$214$358$1,054
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$500$185$316$990
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 15, 2025
Return Version
2024v5.2
Gross Receipts
$2,122,506,540
Mission and Program Overview

Mission

Cdphp provides quality health care at a reasonable cost for cdphp members and operates as a model for the delivery, financing, and administration of health care services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$221,329,660$214,582,686▼ $6,746,974
Investments in Publicly Traded Securities$174,894,426$176,887,697▲ $1,993,271
Land, Buildings, and Equipment, Net$23,952,884$43,373,472▲ $19,420,588
Investments Other Securities$123,650,362$36,741,918▼ $86,908,444
Savings and Temporary Cash Investments$21,105,780$25,986,675▲ $4,880,895
Prepaid Expenses and Deferred Charges$13,070,312$16,910,863▲ $3,840,551
Total Assets$588,027,141$530,312,235▼ $57,714,906
Other Assets Total$10,023,717$15,828,924▲ $5,805,207
Liabilities
Accounts Payable and Accrued Expenses$325,090,256$432,653,010▲ $107,562,754
Other Liabilities$4,980,682$5,423,254▲ $442,572
Deferred Revenue$1,390,320$2,675,848▲ $1,285,528
Total Liabilities$331,461,258$440,752,112▲ $109,290,854
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$256,565,883$89,560,123▼ $167,005,760
Total Net Assets Fund Balance$256,565,883$89,560,123▼ $167,005,760
Total Liabilities and Net Assets / Fund Balance$588,027,141$530,312,235▼ $57,714,906

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,054,674$89,909,051$97,963,725
Other Land Buildings$21,801,034$542,991$22,344,026
Leasehold Improvements$13,517,764$756,910$14,274,673
Other Securities$189,316--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John D Bennett MdCEO/president (former)FT$505,924$1,001,054$1,506,978
BRIAN O'GRADYCEO/presidentFT$773,749$256,753$1,030,502
John LutzEvp/integrated Del Sys (former)FT$571,445$416,680$988,125
Mary Jane Bendon CouchEvp General Counsel (former)FT$619,499$343,284$962,783
Kathryn DeckerEvp/people and Culture/chroFT$605,058$268,134$873,192
Paul KahlonEvp Finance and CFOFT$530,844$239,537$770,381
Peter DifondiSVP/information Technology CIOFT$356,154$375,143$731,297
Elizabeth WarnerEvp Chief Medical Officer (former)FT$488,205$223,707$711,912
Eileen WoodEvp Pharmacy Services/CPO (former)FT$473,425$205,658$679,083
Nicholas KraftSVP Chief Growth OfficerFT$396,112$220,347$616,459
Patricia LushkevichSVP Internal OperationsFT$391,123$187,701$578,824
Bruce E Coplin MdEvp Chief Medical OfficerFT$369,339$194,970$564,309
Ned JaleelVP Member Health Senior MedicalFT$310,916$232,975$543,891
Robert LittleVP UnderwritingFT$295,473$197,872$493,345
Sheila NelsonChief Compliance Officer (former)FT$292,633$162,354$454,987
Tanvir KhanSVP/technology Data and an-$378,561-$378,561
Barbara DownsEvp Corporate Administration (former)-$168,282$2,670$170,952
Barbara DownsEvp Corporate Administration (former-$168,282$2,670$170,952
Barry James Thornton IiDirectorPT-$117,209$117,209
Lisa Anne WhiteDirectorPT-$77,441$77,441
Amy JohnsonDirectorPT$76,600-$76,600
Michael Devito MdChairman of the Board-$75,800-$75,800
Gerald JenningsDirectorPT$73,800-$73,800
Michael CastellanaDirectorPT$72,000-$72,000
Gregory SerioDirectorPT$71,200-$71,200
Carmen MazzottaTreasurer of the BoardPT$70,600-$70,600
Brian Sheridan MdDirectorPT$69,200-$69,200
Todd Doyle MdDirectorPT$59,800-$59,800
Patrick Timmins Iii MdDirectorPT$57,200-$57,200
Lee McelroySecretaryPT$53,400-$53,400
Adetutu Adetona MdDirectorPT$53,200-$53,200
Cindy Chan MdcmDirectorPT$47,200-$47,200
Joseph Polito Ii MdVice Chairman of the BoardPT$39,900-$39,900
Janine JurkowskiDirector-$38,000-$38,000
Vincent Carsillo Ii DoDirector-$34,400-$34,400
Manish MehtaDirectorPT$14,400-$14,400

Board Members and Trustees

NameTitle
James ReedDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Nationsbenefits Holdings LLCHealthcare Services1700 NORTH UNIVERSITY DRIVE, Plantation, FL 33322$23,972,652
Landmark Health LLCHealthcare Services7755 CENTER AVE STE 630, Huntington, CA 92647$12,924,175
Atos Syntel INCIt Processing And Consulting525 E BIG BEAVER RD SUITE 300, Troy, MI 48083$9,437,677
Bbl Construction ServicesConstruction Services302 WASHINGTON AVE EXT, Albany, NY 12203$5,105,058
Clarity Software SolutionsIt Processing And Consulting92 WALL STREET SUITE 1, Madison, CT 06443$4,908,846
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,079,695,513
Investment Income
$7,902,713
Other Revenue
$0
Change in Net Assets
$-80,601,230

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,087,294,217
Revenue Not Reported on Financial Statements
$304,009
Revenue Not Reported on Form 990
$-86,878,803
Total Revenue per Audited Statements
$2,000,415,414
Total Revenue per Form 990
$2,087,598,226
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$138,736,769
Other Expenses$102,888,257
Grants and Similar Amounts Paid$89,715
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$1,926,484,715--$1,926,484,715
Other Salaries and Wages$49,031,380$54,757,517-$103,788,897
Information Technology$22,719,479$702,664-$23,422,143
Other Employee Benefits$7,896,043$10,135,904-$18,031,947
Payroll Taxes$3,413,501$3,834,936-$7,248,437
Office Expenses$3,482,691$3,268,598-$6,751,289
Current Officers, Directors, Trustees, and Key Employees$2,880,963$3,613,461-$6,494,424
Depreciation Depletion$4,196,671$1,798,573-$5,995,244
Advertising$5,016,235--$5,016,235
Occupancy$1,797,523$1,797,523-$3,595,046
Pension Plan Contributions$1,325,065$1,520,659-$2,845,724
Other Expenses$1,335,441$1,068,272-$2,403,713
Interest$1,537,477$384,369-$1,921,846
Fees for Services Legal$1,430,338$357,585-$1,787,923
Insurance-$1,206,667-$1,206,667
Travel$437,856$190,477-$628,333
Fees for Services Accounting$451,151$112,788-$563,939
Comp Disqual Persons-$327,340-$327,340
Fees for Service Investment Mgmnt Fees-$304,009-$304,009
Fees for Services Lobbying-$242,932-$242,932
Grants to Domestic Orgs$89,715--$89,715
Conferences and Meetings-$32,172-$32,172
Total Functional Expenses$2,077,135,030$91,064,426$0$2,168,199,456

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,168,199,456
Total Expenses per Audited Statements$2,167,962,243
Expenses per Audited Statements$2,167,895,447
Expenses Not Reported on Financial Statements$304,009
Expenses Not Reported on Form 990$66,796
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Comfort Food CommunityGreenwich, NY501(c)(3)Food Assistance$60,000
Cdphp Foundation IncLatham, NY501(c)(3)Operating Grant$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Manish Mehta, Md, Mph, FacsSee Explanation BelowNo$62,791,404
Michael RanaCindy Chan MdcmSee Explanation BelowNo$62,791,404
-Todd Doyle MdSee Explanation BelowNo$47,520,233
-Michael Devito MdSee Explanation BelowNo$43,801,230
-Joseph Polito Ii MdSee Explanation BelowNo$7,315,537
-Brian Sheridan MdSee Explanation BelowNo$2,383,572
-Patrick F Timmins MdSee Explanation BelowNo$1,762,850
-Vincent Carsillo Ii D.o.See Explanation BelowNo$1,605,950
Brian RanaAdetutu Adetona MdSee Explanation BelowNo$334,904
-Son of Eileen Wood, Key Employee of CdphpMichael Is Employed at Cdphp as a Product Leader of Business Technology ServicesNo$219,277
-Son of Eileen Wood, Key Employee of CdphpBrian Is Employed at Cdphp as a Salesforce AdministratorNo$108,063
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Claim Adjustment Expense Liability$5,423,254
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

In april 2024, excelsior health, inc. Was made the sole corporate member of cdphp. In december 2024, lifetime healthcare inc (lifetime) became the sole member of excelsior health, inc.

Form 990, Part VI, Section A, Line 6

Explanation: the organization has a sole corporate class a member, excelsior health inc., as well as individual class b members who are the same individuals serving as class b directors of the organization.

Form 990, Part VI, Section A, Line 7A

Explanation: excelsior health inc., and its parent/member lifetime healthcare, inc. Elect the board of directors of cdphp.

Form 990, Part VI, Section A, Line 7B

Explanation: yes, the corporate member must approve any changes in the corporation's mission statement, certificate of incorporation, by-laws, or changes to the board of directors, merger, consolidation, reorganization, dissolution or any conversion from non-for-profit status.

Form 990, Part VI, Section B, Line 11B

Explanation: the form 990 is reviewed and approved by the director of accounting and financial reporting and the cfo. It is then presented to the audit committee of the board for review. Finally, it is presented to the board for review prior to the irs submission.

Form 990, Part VI, Section B, Line 12C

Explanation: cdphp has a conflict of interest policy. Cdphp regularly polls employees and board members regarding potential conflict of interest situations. Any actual or potential conflicts disclosed are presented to the board, at least annually.

Form 990, Part VI, Section B, Line 15

Explanation: cdphp uses outside compensation consulting firms. These firms utilize custom and published surveys. Information is provided to cdphp's board compensation committee for annual approval of executive positions.

Form 990, Part VI, Section C, Line 19

Explanation: financial documents are filed quarterly with the department of financial services and are available through the freedom of information act (foia). Governing documents are also available through the department of financial services, also through foia. The conflict of interest policy is not available to the public.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

James reed - c/o excellus health plan, inc. 165 court street, rochester, ny 14647. Barry james thornton, ii - c/o excellus health plan, inc. 165 court street, rochester, ny 14647. Lisa anne white - c/o excellus health plan, inc. 165 court street, rochester, ny 14647.

Form 990, Part VII, Section A

Reporting of compensation paid by a related organization is provided only for the period during which the related organization, lifetime healthcare, inc., was related, not the entire calendar year ending with or within the tax year. The period during which lifetime healthcare, inc. Was related was from 12/6/2024-12/31/2024.

Filing and Contact Details

Filer

Filer Name
CAPITAL DISTRICT PHYSICIANS' HEALTH
EIN
14-1641028
Phone
5186414085
Address
6 WELLNESS WAY, LATHAM, NY 12110

Signing Officer

Name
Paul Kahlon
Title
Evp Finance and CFO
Phone
5186413000
Signed
2025-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Kahlon
Formed
1984
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
5
Employees
1,501
Volunteers
0

Preparer

Firm
Bonadio & Co Llp
Address
6 WEMBLEY CT, ALBANY, NY 12205
Preparer
Gloria M Nostramo
Phone
5184644080
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Other income 26,943. Current year equity method loss on investment in subsidiaries -86,972,542.

Financial Statement Notes

PART X, LINE 2:

Explanation: under asc 740, cdphp is required to determine whether a tax position of the plan is more likely than not to be sustained upon examination, including resolution of any related appeals of the litigation processes, based on the technical merits of the position. For tax positions meeting the more likely than not threshold, the tax amount recognized in the consolidated financial statement is reduced by the largest benefit that has a greater than fifty percent likelihood of being realized upon the ultimate settlement with the relevant taxing authority.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Gain/loss on equity of consolidated and unconsolidated subsidiary -86,908,446. Other income 29,643.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Other income netted against rent expense 29,645. Statutory lease difference 37,151.

FORM 990, SCHEDULE D, PART VII, LINES 3A-3C:

Explanation: the method of valuation in column c is the equity method of accounting.

Raw XML AppendixShowing 400 of 1,406 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt0214582686
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CDPHP PROVIDES QUALITY HEALTH CARE AT A REASONABLE COST FOR CDPHP MEMBERS AND OPERATES AS A MODEL FOR THE DELIVERY, FINANCING, AND ADMINISTRATION OF HEALTH CARE SERVICES.
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01700 NORTH UNIVERSITY DRIVE
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3302 WASHINGTON AVE EXT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt492 WALL STREET SUITE 1
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0PLANTATION
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1HUNTINGTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2TROY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3ALBANY
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