Concordia Health Plan
- Assets
- $193.7m
- Revenue
- $286.5m
- Investments
- $7.2m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 11/1966
- Data as of
- 12/2023
- EIN
- 43-6062857
Organization Overview
Concordia Health Plan is located in St Louis, MO. The organization was established in 1966. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concordia Health Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Concordia Health Plan generated $286.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $276.9m during the year ending 12/2023. While expenses have increased by 0.7% 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
PROVIDE HEALTHCARE BENEFITS FOR THE EMPLOYEES, AND THEIR SELECTED DEPENDENTS, OF MEMBER CONGREGATIONS, CONTROLLED ORGANIZATIONS, AND AFFILIATED AGENCIES OF THE LUTHERAN CHURCH-MISSOURI SYNOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHCARE BENEFITS: 2023 ENROLLMENT CONSISTS OF 15,668 MEMBERS (14,996 ACTIVE AND 672 DISABLED/RETIRED/SEMINARY STUDENTS/SURVIVING DEPENDENTS/LEAVE OF ABSENCE) AND 19,800 DEPENDENTS. TOTAL ENROLLMENT IS 35,468. (INFORMATION FROM 12/31/23 ENROLLMENT REPORTS.) PROVIDE MEDICAL HEALTHCARE DIRECTLY TO MEMBERS THROUGH A NETWORK HEALTH PROGRAM TOTALING $161,340,314
HEALTHCARE DELIVERY: PROVIDED DENTAL COVERAGE TOTALING $33,678,073. OTHER PROGRAM EXPENSES: INVESTMENT AND CUSTODIAN FEES $233,136; EXTERNAL CLAIM SERVICES $13,551,544; HEALTHCARE COST CONTAINMENT SERVICES $5,045,547; NET BENEFITS & REFUNDS $-11,749; MANAGEMENT FEES $16,662,821; INSURANCE PREMIUMS $2,354,428; BENEFIT RELATED LEGAL EXPENSE $28,701; HEALTH & WELLNESS PUBLICATIONS/COMMUNICATIONS $81,409; MISCELLANEOUS $260,805
HEALTHCARE DELIVERY: PROVIDED PRESCRIPTION DRUG COVERAGE TOTALING $41,168,856
HEALTHCARE DELIVERY: PROVIDED VISION SERVICE PLAN TOTALING $2,491,909
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lesko Chairman Of The Board And Trustee | Trustee | 2 | $0 |
Jon Boeche Trustee | Trustee | 2 | $0 |
Kory Boster Trustee | Trustee | 1 | $0 |
Daryl Dagit Trustee | Trustee | 1 | $0 |
Henry Eickelberg Trustee | Trustee | 1 | $0 |
Gail Hartmann Trustee | Trustee | 1 | $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 | $286,539,630 |
| Investment income | $0 |
| 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 | $286,539,630 |
| 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 | $238,667,403 |
| 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 | $16,662,821 |
| Fees for services: Legal | $28,701 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $233,136 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,354,428 |
| All other expenses | $260,805 |
| Total functional expenses | $276,885,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,141,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,376,865 |
| 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 | $143,275,756 |
| Investments—other securities | $7,242,752 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,662,830 |
| Total assets | $193,699,354 |
| Accounts payable and accrued expenses | $5,050,684 |
| 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 | $45,306,000 |
| Total liabilities | $50,356,684 |
| 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 | $143,342,670 |
| Total liabilities and net assets/fund balances | $193,699,354 |