Medica Community Health Plan
- Assets
- $134.2m
- Revenue
- $115.9m
- Investments
- $83.3m
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 41-1843804
Organization Overview
Medica Community Health Plan is located in Minnetonka, MN. The organization was established in 2000. 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. Medica Community Health Plan 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, Medica Community Health Plan generated $115.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $118.2m during the year ending 12/2021. While expenses have increased by 5.9% 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 BE THE TRUSTED HEALTH PLAN OF CHOICE FOR CUSTOMERS, MEMBERS, PARTNERS AND OUR EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Naylor President & CEO | OfficerTrustee | 0 | $0 |
John Buck Chair & Director | OfficerTrustee | 0 | $0 |
John Stanoch Vice Chair & Direcor | OfficerTrustee | 0 | $0 |
Mark L Baird SVP & CFO | Officer | 0 | $0 |
David H Ellenbogen SVP Sec & General Counsel | Officer | 0 | $0 |
Rajesh Aggarwal Director | Trustee | 0 | $0 |
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 | $113,918,877 |
| Investment income | $1,666,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $267,471 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,853,339 |
| 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 | $95,150,702 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,744 |
| Fees for services: Accounting | $27,645 |
| Fees for services: Lobbying | $22,599 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,954,600 |
| Advertising and promotion | $580,676 |
| Office expenses | $167,944 |
| Information technology | $1,160,057 |
| Royalties | $0 |
| Occupancy | $253,504 |
| Travel | $7,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,355 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $876,670 |
| Insurance | $89,304 |
| All other expenses | $0 |
| Total functional expenses | $118,183,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,392,304 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,057 |
| 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 | $0 |
| Investments—other securities | $83,290,848 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,484,346 |
| Total assets | $134,243,555 |
| Accounts payable and accrued expenses | $4,660,704 |
| Grants payable | $0 |
| Deferred revenue | $1,047,097 |
| 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 | $22,474,909 |
| Total liabilities | $28,182,710 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $106,060,845 |
| Total liabilities and net assets/fund balances | $134,243,555 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
My Choice Wisconsin Health Plan Inc Wauwatosa, WI | $94,864,690 | $199,253,580 |
Medica Community Health Plan Minnetonka, MN | $134,243,555 | $115,853,339 |
Community Care Health Plan Brookfield, WI | $28,400,717 | $108,865,323 |
Medical Associates Clinic Health Plan Of Wisconsin Dubuque, IA | $5,101,906 | $43,479,788 |
Mercy Health Network Inc Clive, IA | $29,567,569 | $25,434,292 |
Physicians Neck & Back Clinics Minneapolis, MN | $0 | $7,798,319 |
Sanford Heart of America Health Plan Sioux Falls, SD | $2,683,671 | $1,605,608 |
Hmong American Center Inc Wausau, WI | $815,793 | $701,024 |
Womens Life Care Center Little Canada, MN | $769,461 | $480,384 |
Minnesota Medical Group Management Association Inc St Paul, MN | $272,638 | $209,417 |