Mclaren Health Plan Inc
- Assets
- $450.2m
- Revenue
- $1.0b
- Investments
- $33.3m
- Employees
- 0
- Location
- Flint, MI
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 38-3252216
Organization Overview
Mclaren Health Plan Inc is located in Flint, MI. The organization was established in 2015. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclaren Health Plan Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Mclaren Health Plan Inc generated $1.0b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $973.5m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE OUR MEMBERS' HEALTH STATUS IN THE COMMUNITIES WE SERVE BY PROMOTING: 1. PREVENTIVE CARE AND WELL-BEING; 2. ACCESS TO QUALITY HEALTH SERVICES; 3. STRONG RELATIONSHIPS WITH OUR MEMBERS, PROVIDERS, AND EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE SERVICES TO MEDICAID RECIPIENTS THROUGH CONTRACTS WITH VARIOUS PHYSICIAN GROUPS, HOSPITALS AND OTHER HEALTH CARE PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Tompkins Chairman | OfficerTrustee | 1 | $0 |
Patrick Hayes Secretary | OfficerTrustee | 1 | $0 |
Nancy Jenkins President & CEO | OfficerTrustee | 20 | $0 |
David Mazurkiewicz Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Kendall Vice President | Officer | 1 | $0 |
Cheryl Diehl Assistant Secretary | Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Regents Of The University Of Michiga Medical Provider | 12/30/21 | $63,202,459 |
Medimpact Healthcare Systems Inc Pharmacy Benefit Manager | 12/30/21 | $252,211,147 |
Edward W Sparrow Hospital Association Medical Provider | 12/30/21 | $55,647,821 |
Hurley Medical Center Medical Provider | 12/30/21 | $44,470,022 |
Spectrum Health Hospitals Medical Provider | 12/30/21 | $23,839,565 |
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 | $1,043,448,589 |
| Investment income | $1,048,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,425,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,045,922,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,153,673 |
| Pension plan accruals and contributions | $370,516 |
| Other employee benefits | $3,380,095 |
| Payroll taxes | $912,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,861 |
| Fees for services: Accounting | $121,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $314,216 |
| Office expenses | $1,837,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $705,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,262,393 |
| Insurance | $237,499 |
| All other expenses | $4,916,886 |
| Total functional expenses | $973,530,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $300,860,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,477,822 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,707 |
| Net Land, buildings, and equipment | $2,256,498 |
| Investments—publicly traded securities | $75,813,590 |
| Investments—other securities | $33,349,968 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $423,171 |
| Total assets | $450,183,476 |
| Accounts payable and accrued expenses | $25,951,839 |
| Grants payable | $0 |
| Deferred revenue | $32,127,650 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $154,741,596 |
| Total liabilities | $212,821,085 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,140,000 |
| Retained earnings, endowment, accumulated income, or other funds | $236,222,391 |
| Total liabilities and net assets/fund balances | $450,183,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mclaren Health Plan Inc Flint, MI | $450,183,476 | $1,045,922,622 |
Priority Health Choice Inc Grand Rapids, MI | $365,837,413 | $855,732,086 |
Mount Carmel Health Plan Inc Columbus, OH | $483,267,404 | $579,951,393 |
Group Health Cooperative Of South Central Wi Madison, WI | $101,296,548 | $425,253,744 |
Quartz Health Plan Corporation Madison, WI | $73,798,914 | $332,612,093 |
Physicians Health Plan Of Northern Indiana Inc Fort Wayne, IN | $94,644,511 | $196,513,216 |
My Choice Wisconsin Health Plan Inc Wauwatosa, WI | $94,864,690 | $199,253,580 |
Physicians Health Plan Lansing, MI | $85,614,801 | $162,492,112 |
Total Health Care Inc Detroit, MI | $80,244,042 | $180,321,159 |
Beaumont Medical Group - Hospital-Based Services Southfield, MI | $0 | $82,138,397 |
Beaumont Medical Group - Specialty Services Southfield, MI | $0 | $131,140,763 |
Community Care Network Inc Munster, IN | $30,410,908 | $125,321,446 |