Compass Cooperative Mutual Health Network Inc

Organization Overview

Compass Cooperative Mutual Health Network Inc, operating under the name Meritus Mutual Health Partners, is located in Scottsdale, AZ. The organization was established in 2014. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2017, Meritus Mutual Health Partners employed 6 individuals.

For the year ending 12/2017, Meritus Mutual Health Partners generated $178.7k in total revenue. All expenses for the organization totaled $321.5k during the year ending 12/2017.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2017

Describe the Organization's Mission:

Part 3 - Line 1

MERITUS IS ORGANIZED AS A HEALTH INSURANCE CO-OP PURSUANT TO SECTION 1322 OF THE AFFORDABLE CARE ACT AND PROVIDES HEALTH INSURANCE TO INDIVIDUALS AND SMALL GROUPS IN THE STATE OF ARIZONA BOTH ON AND OFF THE FEDERAL HEALTH INSURANCE EXCHANGE. IN THE YEAR 2016 MERITUS WAS PLACED IN RECEIVERSHIP BY THE ARIZONA DEPARTMENT OF INSURANCE AND DID NOT SELL ANY HEALTH INSURANCE COVERAGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COMPANY WAS ORGANIZED AS A NONPROFIT HEALTH PLAN COOPERATIVE. THE AFFORDABLE CARE ACT ENABLED A NEW TYPE OF HEALTH INSURER CALLED A CONSUMER ORIENTED AND OPERATED PLAN, MORE COMMONLY KNOWN AS A CO-OP. CO-OPS, REGULATED BY EACH STATE'S DEPARTMENT OF INSURANCE, ARE DIRECTED BY THEIR CUSTOMERS AND DESIGNED TO OFFER INDIVIDUALS, FAMILIES AND SMALL BUSINESSES MORE AFFORDABLE, CONSUMER-FRIENDLY AND HIGH-QUALITY HEALTH INSURANCE OPTIONS. ON OR BEFORE DECEMBER 31, 2015 MERITUS SUSPENDED THE ISSUANCE OF NEW OR RENEWAL BUSINESS AND CANCELLED ALL EXISTING POLICIES. IN ADDITION, MERITUS WAS PLACES UNDER THE ARIZONA DEPARTMENT OF INSURANCE SUPERVISION AND SUBSEQUENTLY ON AUGUST 10, 2016 INTO LIQUIDATION BY THE MARICOPA COUNTY SUPERIOR COURT.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$178,028
Investment income $7
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $639
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $178,674

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