Medica Community Health Plan
- Assets
- $129.9m
- Revenue
- $124.3m
- Investments
- $83.0m
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 03/2000
- Data as of
- 12/2022
- 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 12/2022, Medica Community Health Plan generated $124.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $130.0m during the year ending 12/2022. While expenses have increased by 7.4% 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Naylor President & CEO | OfficerTrustee | 0 | $0 |
Rajesh Aggarwal Director | Trustee | 0 | $0 |
Brigid Bonner Director | Trustee | 0 | $0 |
John Buck Director & Chair | OfficerTrustee | 0 | $0 |
Peter Kelly Director | Trustee | 0 | $0 |
Samuel Leon 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 | $122,724,916 |
| Investment income | $2,013,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$487,746 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,250,679 |
| 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 | $117,840,248 |
| 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 | $47,807 |
| Fees for services: Accounting | $29,694 |
| Fees for services: Lobbying | $8,410 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,089,889 |
| Advertising and promotion | $207,756 |
| Office expenses | $97,822 |
| Information technology | $719,996 |
| Royalties | $0 |
| Occupancy | $139,812 |
| Travel | $10,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $562,292 |
| Insurance | $56,566 |
| All other expenses | $0 |
| Total functional expenses | $130,033,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,771,457 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,607,869 |
| 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 | $82,967,886 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,518,300 |
| Total assets | $129,865,512 |
| Accounts payable and accrued expenses | $1,900,176 |
| Grants payable | $0 |
| Deferred revenue | $1,073,338 |
| 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 | $25,784,860 |
| Total liabilities | $28,758,374 |
| 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 | $101,107,138 |
| Total liabilities and net assets/fund balances | $129,865,512 |