BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC Charity Report

Public IRS 990 nonprofit record

BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC

EIN 04-3362283

What they do

THE COMPANY OFFERS HEALTH MAINTENANCE ORGANIZATION SERVICES and SUPPLEMENTARY PROGRAMS for THE BENEFIT of ITS MEMBERS, PROVIDING HOSPITALIZATION, MEDICAL, and OTHER HEALTH BENEFITS to MEMBERS THROUGH CONTRACTS WITH HOSPITALS, PHYSICIANS, NURSING FACILITIES, and OTHER HEALTH CARE PROVIDERS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

90.71%of revenue went to mission work87.5% of expenses · Program services

$103.72spent for every $100 of revenueSpending was higher than revenue this year.

13.01%of revenue went to management and office costs12.5% of expenses

$0.58in assets for every $1 spent this yearSome assets cannot be spent right away.

0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $220,642,949 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $395,807 for SARAH ISELIN (DIRECTOR, PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,928,518,480

Mission workProgram services$5,377,706,53690.71% of revenue87.5% of expenses

ManagementOffice and general costs$771,454,89313.01% of revenue12.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$6,149,161,429103.72% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.5% mission · 12.5% management · 0.0% fundraisingTotal expenses: 103.72% of revenue

2023Expense mix: 88.9% mission · 11.1% management · 0.0% fundraisingTotal expenses: 96.79% of revenue

2022Expense mix: 89.1% mission · 10.9% management · 0.0% fundraisingTotal expenses: 96.34% of revenue

2021Expense mix: 90.5% mission · 9.5% management · 0.0% fundraisingTotal expenses: 96.57% of revenue

2020Expense mix: 86.3% mission · 13.7% management · 0.0% fundraisingTotal expenses: 93.54% of revenue

Money in and money out

Revenue$5,928,518,480

Expenses$6,149,161,429

Annual shortfall $220,642,949 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,377,706,536 · 87.5% of expenses

Management and office costs$771,454,893 · 12.5% of expenses

See all reported dollar amounts

Revenue$5,928,518,480

Expenses$6,149,161,429

Assets$3,575,326,930

Contributions$31,479

Mission work (program services)$5,377,706,536

Management and general$771,454,893

Stocks and bonds$2,036,057,383

Accounting fees$21,756,423

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SARAH ISELINDIRECTOR, PRESIDENT & CEO $395,807Base · Other $395,807

MICHAEL CONTIASSOCIATE DIRECTOR, NATL SALES · 34 hrs/week $315,101Base $299,663 · Other $15,438

MARK IRZYKASSOCIATE DIRECTOR, NATL SALES · 34 hrs/week $287,196Base $271,558 · Other $15,638

RICHARD LYNCHDIRECTOR, SVP & COO $203,096Base · Other $203,096

RUBY KAMDIRECTOR, EVP & CHIEF FINANCIAL OFFICER $146,972Base · Other $146,972

JOSEPH SCHWARTZPHYSICIAN REVIEWER · 10 hrs/week $119,542Base $88,821 · Other $30,721

ENRICO GIAMMARCOASSISTANT TREASURER · 15 hrs/week $115,171Base $96,576 · Other $18,595

MARK COLLURAASSISTANT TREASURER · 15 hrs/week $114,810Base $96,402 · Other $18,408

BENJAMIN KRUSKALASSOCIATE MEDICAL DIRECTOR · 12 hrs/week $114,027Base $89,835 · Other $24,192

MONICA RUEHLIPHYSICIAN REVIEWER · 10 hrs/week $107,257Base $83,132 · Other $24,125

ANTHONY CRISCUOLOVP OF TREASURY AND INVESTMENTS $45,888Base · Other $45,888

LINDA WILLIAMSFORMER SVP & CHIEF AUDIT EXECUTIVE $42,236Base · Other $42,236

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

SARAH ISELINDIRECTOR, PRESIDENT & CEO

MICHAEL CONTIASSOCIATE DIRECTOR, NATL SALES

MARK IRZYKASSOCIATE DIRECTOR, NATL SALES

RICHARD LYNCHDIRECTOR, SVP & COO

RUBY KAMDIRECTOR, EVP & CHIEF FINANCIAL OFFICER

JOSEPH SCHWARTZPHYSICIAN REVIEWER

ENRICO GIAMMARCOASSISTANT TREASURER

MARK COLLURAASSISTANT TREASURER

BENJAMIN KRUSKALASSOCIATE MEDICAL DIRECTOR

MONICA RUEHLIPHYSICIAN REVIEWER

ANTHONY CRISCUOLOVP OF TREASURY AND INVESTMENTS

LINDA WILLIAMSFORMER SVP & CHIEF AUDIT EXECUTIVE

DONALD SAVERYDIRECTOR, GENERAL COUNSEL AND SECRETARY

MICHAEL GURRIERESVP & CHIEF ACTUARY

DAWN PERRYSVP CHIEF RISK & AUDIT OFFICER

ALONA ABALOSVICE PRESIDENT & ASST. CLERK

STEPHANIE LOVELLFORMER DIRECTOR AND FORMER CHIEF LEGAL OFFICER

DOROTHY PUHYDIRECTOR & CHAIR

ANDREW DREYFUSFORMER DIRECTOR, PRESIDENT & CEO

ANDREANA SANTANGELOFORMER DIRECTOR, EVP & CFO

About this charity

Location: 101 HUNTINGTON AVE 1300, BOSTON, MA 02199
County: Suffolk
In care of: RUBY KAM
Primary officer: RUBY KAM, CFO

How to reach them

WebsiteVisit the charity’s website Phone(617) 246-5313

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ERNST & YOUNG US LLP