Cox Health Systems Insurance Company
- Assets
- $52.8m
- Revenue
- $137.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MO
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 43-1684044
Organization Overview
Cox Health Systems Insurance Company is located in Springfield, MO. 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. Cox Health Systems Insurance Company 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, Cox Health Systems Insurance Company generated $137.9m 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 $139.3m 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
ENGAGED IN PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PEOPLE OF THE COMMUNITY BY PROVIDING LOW-COST, HIGH-QUALITY HEALTH PLANS TO AN UNDERSERVED POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY (CHSIC) PROVIDES GROUP AND INDIVIDUAL HEALTH INSURANCE POLICIES. IT HAS BEEN ARRANGING HEALTH CARE SERVICES THROUGH THE OPERATION OF HEALTH PLANS SINCE ITS INCEPTION IN 1994. CHSIC SERVES APPROXIMATELY 27,000 PEOPLE ACROSS THE STATE OF MISSOURI AND MOST ARE IN ITS PRIMARY SERVICE AREA, WHICH CONSISTS OF THE 26 COUNTIES IN SOUTHWEST MISSOURI. CHSIC'S HEALTH PLANS ARE EPO AND PPO PLANS, AND THEY PROVIDE A COMMUNITY BENEFIT DUE TO THEIR LOW COST, THEIR AVAILABILITY TO ALL IN THE COMMUNITY AND THEIR ROLE IN COX HEALTH SYSTEM'S IMPROVING OF THE HEALTH OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Steven D Edwards Vice Chairman/director | OfficerTrustee | 1 | $0 |
Dr Mark Costley Chairman/dirctor | OfficerTrustee | 1 | $0 |
Mr Matthew Aug Chief Executive Officer | Officer | 20 | $0 |
Ms Loree Lines Secretary | Officer | 20 | $0 |
Ms Susan Butts Chief Information Officer | Officer | 20 | $0 |
Mrs Lisa Odom Chief Financial Officer | Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Connell Insurance Broker Commissions | 12/30/21 | $806,207 |
Barker Phillips Jackson Broker Commissions | 12/30/21 | $702,578 |
Multiplan Negotiating Savings | 12/30/21 | $777,160 |
First Health Savings Fees | 12/30/21 | $624,439 |
Ollis And Company Broker Commissions | 12/30/21 | $409,614 |
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 | $137,385,478 |
| Investment income | $515,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,904,727 |
| 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 | $127,312,178 |
| 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 | $7,868,923 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,522,560 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,952 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $139,318,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202 |
| Savings and temporary cash investments | $26,959,382 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,576,103 |
| 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 | $22,238,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,773,938 |
| Accounts payable and accrued expenses | $295,088 |
| Grants payable | $0 |
| Deferred revenue | $2,928,965 |
| 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 | $26,500,434 |
| Total liabilities | $29,724,487 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $800,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $39,189,682 |
| Retained earnings, endowment, accumulated income, or other funds | -$16,940,231 |
| Total liabilities and net assets/fund balances | $52,773,938 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Vincent Medical Group Inc St Louis, MO | $143,310,550 | $311,944,995 |
Elmhurst Memorial Healthcare Elmhurst, IL | $485,802,636 | $282,855,830 |
Hshs Medical Group Inc Springfield, IL | $136,932,585 | $219,567,166 |
Cox Health Systems Insurance Company Springfield, MO | $52,773,938 | $137,904,727 |
Memorial Health Partners Foundation Inc Chattanooga, TN | $34,336,235 | $106,834,470 |
Fairview Heights Medical Group Sc Alton, IL | $23,689,888 | $125,411,214 |
Ascension Medical Group Promed St Louis, MO | $11,680,037 | $91,054,014 |
Siu Physicians & Surgeons Inc Springfield, IL | $86,042,575 | $124,533,122 |
Alexian Brothers Specialty Group St Louis, MO | $16,215,416 | $50,311,063 |
Prairie Cardiovascular Consultants Ltd Springfield, IL | $27,843,094 | $57,983,651 |
Medical Education Assistance Corporation Mountain Home, TN | $46,494,527 | $58,785,837 |
Missouri Hospital Plan Jefferson City, MO | $239,982,399 | $48,115,814 |