Midwest Business Group On Health

Organization Overview

Midwest Business Group On Health is located in Chicago, IL. The organization was established in 1980. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2023, Midwest Business Group On Health employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Business Group On Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Midwest Business Group On Health generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION OPERATES EXCLUSIVELY FOR EDUCATIONAL AND SCIENTIFIC PURPOSES, CONCENTRATING ON THE IMPLICATIONS AND CONSEQUENCES OF EMPLOYER SPONSORSHIP OF HEALTH CARE BENEFIT PLANS AND HEALTH IMPROVEMENT PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONFERENCES AND EDUCATION - SPEAKERS TO DISCUSS CHANGES IN LAW, MEDICAL REIMBURSEMENT, ETC. VALUE PURCHASING - TEACHING HOW TO MAXIMIZE HEALTH CARE DOLLARS WHEN PURCHASING DIFFERENT HEALTH INSURANCE. CONSUMER INFORMATION - INFORMING PARTICIPANTS OF HEALTH CARE MATTERS AND GENERAL UPDATES ON RELEVANT HEALTH CARE INDUSTRY CHANGES.


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Board, Officers & Key Employees

Name (title)Compensation
Cheryl Larson
Board President
$207,470
Karen Jaffee Cofsky
Board Member
$0
Carol Partington
Treasurer
$0
Tara Sherman
Board Secretary
$0
Marilyn Bartlett
Board Member
$0
Frank Janecek
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$497,415
Fundraising events$0
Related organizations$0
Government grants $98,897
All other contributions, gifts, grants, and similar amounts not included above$208,423
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$804,735
Total Program Service Revenue$973,498
Investment income $42,726
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,606
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,838,731

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