Sources
The receipts
Every number on this site, and where it comes from
Capital Health Plan is a tax-exempt nonprofit (EIN 59-1830622), so it files a Form 990 with the IRS every year. Those filings are public. We use the copies published by ProPublica's Nonprofit Explorer. "Surplus" here means total revenue minus total expenses as reported on each filing. "Pay" means reportable compensation from CHP listed for Sabin Bass, not including the separate "other compensation" column.
The data behind the charts
Annual surplus is a flow for one year, not accumulated reserves or net assets. CHP reported net assets of $548,174,501 in 2022 and $606,139,424 in 2024: net assets increased over that period even as annual surplus declined. The pay comparison also spans Bass's move from CFO to CEO.
Fiscal years end in December. Bass was EVP & CFO through July 2023 and President & CEO from August 1, 2023.
| Year | Revenue | Expenses | Surplus | Bass reported pay | Bass title |
|---|
| 2019 | $917,972,525 | $866,150,777 | $51,821,748 | $503,207 | EVP Finance & CFO |
| 2020 | $926,352,451 | $889,707,157 | $36,645,294 | $530,658 | EVP & CFO |
| 2021 | $976,457,575 | $947,543,428 | $28,914,147 | $567,795 | EVP & CFO |
| 2022 | $1,018,630,159 | $990,665,250 | $27,964,909 | $595,248 | EVP & CFO |
| 2023 | $1,097,163,751 | $1,091,180,786 | $5,982,965 | $691,120 | President & CEO |
| 2024 | $1,189,640,889 | $1,178,773,085 | $10,867,804 | $842,739 | President & CEO |
How we got the headline numbers
| Claim | Math |
|---|
| Pay up 42% (2022 → 2024) | $842,739 ÷ $595,248 = 1.416, an increase of 41.6% |
| Surplus down 61% (2022 → 2024) | $10,867,804 ÷ $27,964,909 = 0.389, a decrease of 61.1% |
| Surplus down 88% (2019 → 2023) | $5,982,965 ÷ $51,821,748 = 0.115, a decrease of 88.5% |
| $347,139 in other compensation (2024) | "Other" compensation column for Sabin Bass on the 2024 filing |
| CFO from 2003; CEO since August 1, 2023 | CHP's own announcement and local coverage, below |
| 135,000+ members, Big Bend region | As reported at the time of the 2023 CEO announcement |
Sources
- Capital Health Plan Inc, Nonprofit Explorer, ProPublica (Form 990 filings, fiscal years 2012–2024)
- Capital Health Plan Names New CEO, Capital Health Plan
- Tallahassee-based Capital Health Plan has a new CEO, WFSU, August 18, 2023
- Capital Health Plan is getting a new CEO, Tallahassee Reports, August 15, 2023
- Capital Health Plan has new CEO after 44 years, Becker's Payer Issues
- CHP 2024 Form 990, Schedule O, board compensation committee's role in setting CEO compensation
- 2024 Health Insurance Industry Analysis Report, National Association of Insurance Commissioners (industry profit margins of 2.2% in 2023 and 0.8% in 2024)
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