Quartz Health Plan Corporation
- Assets
- $73.8m
- Revenue
- $332.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 39-1807071
Organization Overview
Quartz Health Plan Corporation is located in Madison, WI. The organization was established in 1996. 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. Quartz Health Plan Corporation 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, Quartz Health Plan Corporation generated $332.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $328.2m during the year ending 12/2021. While expenses have increased by 1.0% 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
TO PROMOTE SOCIAL WELFARE BY OPERATION OF A HEALTH MAINTENANCE ORGANIZATION AND OTHER ACTIVITIES INCIDENTAL THERETO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HEALTH CARE SERVICES PROVIDED FOR 77,438 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle P Brua Chief Actuary (term. 05/2021) | Officer | 2 | $0 |
Mark J Selna MD President & CEO | Officer | 2 | $0 |
Gary J Lenth MD Evp & Cmo (term. 03/2021) | Officer | 2 | $0 |
Christine C Senty General Counsel, VP & Secretary | Officer | 2 | $0 |
David S Hanekom MD Senior VP & Chief Medical Officer | Officer | 2 | $0 |
James L Hiveley Vp, Treasurer & CFO | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medimpact Healthcare Systems Medical Services | 12/30/21 | $40,721,986 |
Gundersen Lutheran Medical Center Medical Services | 12/30/21 | $112,018,584 |
Uw Hospitals & Clinics Authority Medical Services | 12/30/21 | $65,776,189 |
Gundersen Lutheran Health System Inc Medical Services | 12/30/21 | $17,871,271 |
Vernon Memorial Healthcare Medical Services | 12/30/21 | $14,023,629 |
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 | $332,445,965 |
| Investment income | $164,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $332,612,093 |
| 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 | $8,554,188 |
| Pension plan accruals and contributions | $391,493 |
| Other employee benefits | $1,714,990 |
| Payroll taxes | $582,061 |
| Fees for services: Management | $94,157 |
| Fees for services: Legal | $632,858 |
| Fees for services: Accounting | $287,080 |
| Fees for services: Lobbying | $9,148 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $377,503 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,553,380 |
| Office expenses | $773,970 |
| Information technology | $608,602 |
| Royalties | $0 |
| Occupancy | $344,505 |
| Travel | $37,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $138,757 |
| All other expenses | $192,409 |
| Total functional expenses | $328,180,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,737,977 |
| Savings and temporary cash investments | $149,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,975,338 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,234,029 |
| Investments—other securities | $0 |
| Investments—program-related | $5,176,505 |
| Intangible assets | $0 |
| Other assets | $525,359 |
| Total assets | $73,798,914 |
| Accounts payable and accrued expenses | $36,014,016 |
| Grants payable | $0 |
| Deferred revenue | $3,191,990 |
| 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 | $2,850,849 |
| Total liabilities | $42,056,855 |
| 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 | $19,409,750 |
| Retained earnings, endowment, accumulated income, or other funds | $12,332,309 |
| Total liabilities and net assets/fund balances | $73,798,914 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Quartz Health Plan Corporation has recieved totaling $373,750.
| Awarding Organization | Amount |
|---|---|
Gundersen Lutheran Health System Inc La Crosse, WI PURPOSE: Equity Transfer - GHP/Unity Merger | $373,750 |
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 |
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 |
Elmhurst Memorial Healthcare Elmhurst, IL | $485,802,636 | $282,855,830 |
Hshs Medical Group Inc Springfield, IL | $136,932,585 | $219,567,166 |
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 |
Fairview Heights Medical Group Sc Alton, IL | $23,689,888 | $125,411,214 |