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Health · 2023 Form 990

Healthfirst Phsp Inc: $12.1B Revenue, $11.9B Expenses

New York, New York · EIN 133783732 · Filing year 2023

Healthfirst Phsp Inc reported $12.1B in total revenue, $11.9B in total expenses, and $4.4B in total assets on its 2023 IRS Form 990. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: B (75/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
B
Efficiency Score
75/100

Key Facts (2023 Form 990)

Total Revenue
$12.1B
Total Expenses
$11.9B
Total Assets
$4.4B
Reserve Months
4.4 months
Surplus / (Deficit)
$161.3M
EIN
133783732
Latest 990 Year
2023
Current-Officer Compensation
Not reported
Officer Comp % of Revenue
N/A

The efficiency rubric puts Healthfirst Phsp Inc at a B grade: a composite of 75/100 that lands above the national midpoint. The grade reflects solid financial reserves alongside reasonable officer compensation and steady revenue.

Healthfirst Phsp Inc operates at corporate scale — $12.1B in reported 2023 revenue. At over a billion in annual revenue, nonprofits typically run consolidated operations across multiple states or business lines, and the IRS Form 990 reflects a much larger operational footprint than a typical 501(c)(3). On the reserves factor, Healthfirst Phsp Inc scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Healthfirst Phsp Inc reported $12.1B in 2023, up notably from the start of the window. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Healthfirst Phsp Inc is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. The financial profile in this category is capital-intensive, with large balance sheets and program service revenue that often dwarfs donations.


$12.1B
Revenue
$11.9B
Expenses
$4.4B
Total Assets
N/A
Officer Compensation

How Healthfirst Phsp Inc Compares

Healthfirst Phsp Inc earns a NonprofitTruth efficiency grade of B (75/100). That is 3 points below the Health category average. The organization holds 4.4 months of operating reserves.

Financials

990 Financial Snapshot

$11.9B
Total Expenses
Filing year 2023
Not reported
Officer Compensation
on this 990
4.4 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Healthfirst Phsp Inc reported $12.1B in revenue against $11.9B in total functional expenses for filing year 2023, holding roughly 4.4 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

Trend

Revenue History

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Healthfirst Phsp Inc has a NonprofitTruth Efficiency Score of B (75/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Healthfirst Phsp Inc, Donor FAQ

Healthfirst Phsp Inc has a NonprofitTruth Efficiency Score of B (75/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Current-officer compensation for Healthfirst Phsp Inc is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.

Healthfirst Phsp Inc reported $12.1B in annual revenue and $11.9B in total expenses for filing year 2023. The organization holds $4.4B in total assets.

Healthfirst Phsp Inc holds approximately 4.4 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.

Healthfirst Phsp Inc is a registered 501(c) organization with EIN 133783732, based in New York, New York. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.