Cox Health Systems Hmo Inc
- Assets
- $44.5m
- Revenue
- $12.6m
- Investments
- $26.0m
- Employees
- 0
- Location
- Springfield, MO
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 43-1757075
Organization Overview
Cox Health Systems Hmo Inc is located in Springfield, MO. The organization was established in 2015. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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 Hmo Inc 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, Cox Health Systems Hmo Inc generated $12.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $11.1m during the year ending 12/2022. 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
ENGAGED IN PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY BY PROVIDING LOW-COST, HIGH-QUALITY, HMO OPTION TO ALL INDIVIDUALS, INCLUDING AN UNDERSERVING POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COX HMO PROVIDES OPERATIONAL SUPPORT SERVICES TO ITS WHOLLY OWNED SUBSIDIARY CHSIC. SUCH ADMINISTRATIVE SERVICES PROVIDED TO CHSIC INCLUDE COMPREHENSIVE ADMINISTRATIVE SERVICES, FINANCIAL AND MANAGERIAL SERVICES, PREMIUM PROCESSING, CLAIMS MANAGEMENT AND PROVIDER NETWORK ADMINISTRATION.
COX HMO SERVES AS THE THIRD PARTY ADMINISTRATOR (TPA) FOR COX HEALTH SYSTEMS HOSPITALS' SELF-FUNDED EMPLOYEE HEALTH PLAN. THE CHS HOSPITALS' SELF-FUNDED PLAN COVERS APPROXIMATELY 14,400 MEMBERS INCLUDING EMPLOYEES AND DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Steven Edwards Vice Chair/director End 05/22 | OfficerTrustee | 1 | $0 |
Max Buetow Vice Chair/director Beg 06/22 | OfficerTrustee | 1 | $0 |
Dr Timothy Jones Director | Trustee | 1 | $0 |
Dr Norman J Mechlin Director | Trustee | 1 | $0 |
Mr Matthew Aug Chief Executive Officer | Officer | 20 | $0 |
Mrs Lisa Odom Chief Financial Officer | Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lewis And Ellis Actuarial | 12/30/22 | $324,355 |
Clarity Software Solutions Inc Software Solutions | 12/30/22 | $375,174 |
Broadpath Llc Contract Staff | 12/30/22 | $216,952 |
Cognizant Trizetto Healthcare It Svc | 12/30/22 | $224,913 |
Lgiii Llc Building Lease | 12/30/22 | $226,417 |
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 | $12,572,234 |
| Investment income | $36,449 |
| 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 | $12,608,683 |
| 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 | $4,731,646 |
| Pension plan accruals and contributions | $194,310 |
| Other employee benefits | $834,414 |
| Payroll taxes | $318,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $94,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $373,902 |
| Fees for services: Other | $1,514,357 |
| Advertising and promotion | $126,501 |
| Office expenses | $723,795 |
| Information technology | $1,389,303 |
| Royalties | $0 |
| Occupancy | $298,383 |
| Travel | $7,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,244 |
| Insurance | $136,746 |
| All other expenses | $0 |
| Total functional expenses | $11,084,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,965 |
| Savings and temporary cash investments | $11,306,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $761,661 |
| 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 | $1,351,898 |
| Net Land, buildings, and equipment | $266,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,035,459 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,763,734 |
| Total assets | $44,488,230 |
| Accounts payable and accrued expenses | $1,035,780 |
| 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 | $764,855 |
| Other liabilities | $7,593,072 |
| Total liabilities | $9,393,707 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,104,392 |
| Paid-in or capital surplus, or land, building, or equipment fund | $10,601,073 |
| Retained earnings, endowment, accumulated income, or other funds | $10,389,058 |
| Total liabilities and net assets/fund balances | $44,488,230 |