Gatorcare Health Management Corporation

Nonprofit profile at a glance

EIN
461185106
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Gainesville, FL, USA
Phone
3527339200
Rating
33
Verdict
REVIEW
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$5,117,624
Expenses
$2,245,840
Assets
$8,254,977
Liabilities
$618,099

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • BILL MCCARTY MD (PRESIDENT)

Highest reported compensation

  • DAVID NELSON (CHAIR UNTIL MAY 2025): $1,666,138 total reported compensation
  • ROBERT THORNTON (TREASURER): $882,592 total reported compensation
  • SCOTT ANGLE (DIRECTOR UNTIL 4/4/25): $632,051 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To coordinate and facilitate the management of the self-insured health insurance plan of the university of Florida and its participating affiliated employers.

What it reported doing in 2024

The organization managed the self-insured health insurance plan (the "plan") of the university of Florida and its affiliates identified below in such areas as contracting with the third party administrator and network providers, collection and payment of employer and employee premiums, fiscal accounting, claims and quality analysis, and other matters to support the orderly administration and management of the plan. During the year, the organization managed the plan for the following members of the controlled group under irc section 414: the university of Florida, shands teaching hospital and clinics, shands jacksonville healthcare, the university of Florida jacksonville healthcare/the university of Florida jacksonville physicians, the university of Florida foundation, university of Florida investment corporation, and the university of Florida proton therapy institute.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 71
  • Accountability: 32
  • Sustainability: 75
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 56.1%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 3.68; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 53%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 15.9% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: -14.1% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 0 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $1.7M · 11 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $328K reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.