Sack Sabin

Opinion · Tallahassee · Capital Health Plan

Sack
Sabin.

Tallahassee loves Capital Health Plan. That's exactly why its CEO has to go.

See the numbers Read the editorial
Satire · Proposed noticeNot a CHP document
Sabin Bass, President and CEO of Capital Health Plan

Notice of
Separation

Employee
Sabin M. Bass, CPA
Title
President & CEO
Effective
Immediately. Sooner if possible.

Reason for separation (check all that apply)

  • Reported pay up 42% while the plan's surplus fell 61% (2022→2024)
  • Annual surplus fell from $51.8M to $6.0M (2019→2023)
  • Exceeds expectations

The numbers

Pay goes up.
Annual surplus goes down.

Capital Health Plan is a nonprofit, so it has to file its finances with the IRS every year. Sabin Bass was CHP's chief financial officer from 2003 until he became CEO on August 1, 2023. Here is what the filings show. Annual surplus means revenue minus expenses; it is not the plan's accumulated reserves.

+42%
Bass's reported pay, 2022 → 2024: $595,248 → $842,739. Plus $347,139 in other compensation in 2024.
−61%
CHP's surplus (revenue minus expenses), 2022 → 2024: $28.0M → $10.9M.
−88%
The surplus from 2019 to 2023, the years he ran the books and then the company: $51.8M → $6.0M.

The plan's surplus

Revenue minus expenses, $ millions

$0M $20M $40M $60M 2019: $51.8M$51.8M2019 2020: $36.6M$36.6M2020 2021: $28.9M$28.9M2021 2022: $28.0M$28.0M2022 2023: $6.0M$6.0M2023 2024: $10.9M$10.9M2024 CEO →
Source: CHP Form 990 filings, via ProPublica. Full table

Sabin Bass's reported pay

Reportable compensation, $ thousands

$0K $300K $600K $900K 2019: $503K$503K2019 2020: $531K$531K2020 2021: $568K$568K2021 2022: $595K$595K2022 2023: $691K$691K2023 2024: $843K$843K2024 CEO →
Source: CHP Form 990 filings, via ProPublica. Full table

Try it at home

The Sabin Raise Calculator

Between 2022 and 2024, Sabin Bass's reported pay went up 41.6%. Over the same two years, the plan he runs saw its surplus fall by more than half. Curious what that kind of raise would look like on your paycheck?

A Sabin-sized raise would take you to $73,620That's $21,620 more a year. Good luck asking for it at your next review.

Based on reported compensation on CHP's 2022 and 2024 Form 990s. Doesn't include the $347,139 in other compensation reported for 2024.

Classifieds · Satire

Now hiring · Satire

Wanted: A CEO for Capital Health Plan

Tallahassee, FL · Full-time · Start date: the sooner the better

Beloved local nonprofit health plan seeks a chief executive who remembers whose plan it is.

  • Can read a Form 990 without wincing.
  • Understands that "surplus down 61%, pay up 42%" is a problem, not a personal best.
  • Treats the staff as the reason the plan works, not a line item.
  • Thinks of Tallahassee as the owner, not the audience.
  • Does not require a 42% raise to show up.

Compensation: Generous. Just maybe not that generous.

What we want

New leadership at Capital Health Plan.

CHP's board of directors hires the CEO, and it can replace one. We're asking the board to begin a search for new leadership, and asking Tallahassee to make sure the board hears it.

  1. Share this site with a CHP member, an employee, or anyone who cares about health care in the Big Bend.
  2. Talk about it. Members, employers, and providers are the plan's whole reason to exist. Their voices carry.
  3. Read the public filings on our Receipts page and make up your own mind.
Check our receipts