Group Health Co-Operative Of Eau Claire
- Assets
- $101.2m
- Revenue
- $248.6m
- Investments
- $1.6m
- Employees
- 70
- Location
- Eau Claire, WI
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 39-6252984
Organization Overview
Group Health Co-Operative Of Eau Claire is located in Eau Claire, WI. The organization was established in 1994. As of 12/2023, Group Health Co-Operative Of Eau Claire employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Group Health Co-Operative Of Eau Claire 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, Group Health Co-Operative Of Eau Claire generated $248.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $252.7m during the year ending 12/2023. While expenses have increased by 5.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPTIMIZE HEALTHCARE OF MEMBERS THROUGH POOLING OF HEALTH-RELATED RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE OFFERS INSURANCE COVERAGE FOR COMMERCIAL, MEDICAID AND SSI MEMBERS. IN 2023, THE COOPERATIVE HAD APPROXIMATELY 181,127 COMMERCIAL MEMBER MONTHS, 667,274 MEDICAID MEMBER MONTHS, 40,098 SSI MEMBER MONTHS AND 10 MEDICARE MEMBER MONTHS. ALONG WITH INSURANCE COVERAGE, THE COOPERATIVE ALSO HELPS MEMBERS WITH MEDICAL MANAGEMENT AND COORDINATION OF CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lee Assistant Medical Director | 40 | $238,746 | |
Dakota T Rau Pharmacist | 40 | $130,846 | |
Sarah North General Manager And CEO | Officer | 40 | $0 |
Bob Tanner Chief Financial Officer | Officer | 40 | $0 |
Jeffrey Bowe Treasurer | OfficerTrustee | 0.3 | $0 |
Douglas Hoffer President | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mchs Hospitals Inc Medical Services & Access Payment | 12/30/23 | $31,619,982 |
Kmtsj Inc Mgmt Services | 12/30/23 | $20,235,241 |
Sacred Heart Hospital Medical Services & Access Payment | 12/30/23 | $7,728,825 |
Lakeview Medical Center Inc Of Rice Lake Medical Services & Access Payment | 12/30/23 | $4,300,458 |
Memorial Medical Center Medical Services & Access Payment | 12/30/23 | $4,026,678 |
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 | $246,203,225 |
| Investment income | $2,935,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$531,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,607,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,706 |
| 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 | $3,195,326 |
| Pension plan accruals and contributions | $80,433 |
| Other employee benefits | $2,664,719 |
| Payroll taxes | $229,761 |
| Fees for services: Management | $20,235,241 |
| Fees for services: Legal | $403,083 |
| Fees for services: Accounting | $509,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,658,900 |
| Advertising and promotion | $146,166 |
| Office expenses | $197,093 |
| Information technology | $1,883,234 |
| Royalties | $0 |
| Occupancy | $54,852 |
| Travel | $68 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $318,661 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,994 |
| Insurance | $73,801 |
| All other expenses | $8,165 |
| Total functional expenses | $252,683,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,579,745 |
| Savings and temporary cash investments | $91,548,133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,651,008 |
| 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 | $1,211,807 |
| Net Land, buildings, and equipment | $1,594,764 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,551,067 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,082,673 |
| Total assets | $101,219,197 |
| Accounts payable and accrued expenses | $47,158,903 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $848,115 |
| Total liabilities | $48,007,018 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,430 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,001,422 |
| Retained earnings, endowment, accumulated income, or other funds | $52,209,327 |
| Total liabilities and net assets/fund balances | $101,219,197 |
Grants Awarded
Over the last fiscal year, Group Health Co-Operative Of Eau Claire has awarded $773,700 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF THE GREATER CHIPPEWA VALLEY PURPOSE: CAPITAL PROJECT FOR CHIPPEWA FALLS CENTER | $500,000 |
CHIPPEWA FALLS AREA UNIFIED SCHOOL DISTRICT PURPOSE: DONATION FOR PARENT COACHING ADDITION | $166,200 |
CHILDREN'S MUSEUM OF EAU CLAIRE INC PURPOSE: CAPITAL CAMPAIGN | $100,000 |
EAU CLAIRE DOWNTOWN FARMERS MARKET PURPOSE: MARKET MATCHING PROGRAM DONATION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Group Health Co-Operative Of Eau Claire Eau Claire, WI | $101,219,197 | $248,607,350 |
Campagna Turano Bakeries Inc & Turano Pastry Shops Inc S-F Ben Tr Berwyn, IL | $5,923,383 | $13,223,241 |
Kraus Anderson Incorporated Health Care Plan Trust Agreement Minneapolis, MN | $532,902 | $5,235,617 |
Warehousemen Drivers And Helpers Benefit Association Bloomington, MN | $3,230,361 | $6,276,769 |
Portland Area Service Group Inc Portland, MI | $130,887 | $0 |
Amalgamated Life And Health Insurance Company Chicago, IL | $0 | $197,042 |