Montana Health Cooperative

Organization Overview

Montana Health Cooperative is located in Helena, MT. The organization was established in 2013. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Montana Health Cooperative employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2022, Montana Health Cooperative generated $285.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $286.1m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION OFFERS TRUE NON-PROFIT MEMBER GOVERNED HEALTH INSURANCE THAT PROMOTES MEMBER ENGAGEMENT AND PROVIDES ACCESS TO HIGH QUALITY HEALTH CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION'S LARGEST PROGRAM SERVICE ACCOMPLISHMENT IS THE SALE OF INSURANCE WHILE SUPPORTING THEIR MEMBERS AND ADHERING TO FEDERAL AND STATE GUIDELINES AS REQUIRED UNDER THE ORGANIZATION STRUCTURE. THIS INCLUDES MEDICARE SUPPLEMENT POLICY SALES.


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Board, Officers & Key Employees

Name (title)Compensation
Raymond Rogers
Chair
$18,400
Maureen O'keeffe-Wing
Vice Chair
$8,900
Michael Mcmurray
Treasurer
$9,650
Lisa Ballard
Secretary
$9,650
Joan Miles
Immediate Past Chair
$12,500
Tom Bassler
Director
$11,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Commissioner Of Insurance
Montana High Risk Reinsurance Premium
$5,130,514
University Of Utah Health Plans
Claims Processing Administrator
$8,287,301
Zelis Claims Integrity Llc
Claims Reprocessor
$2,990,873
Montana Reinsurance Association
State Of Montana Reinsurance Program
$1,586,235
Online Insight Llc
Third Party Enrollment, Eligibility And
$1,193,471
View All Vendors

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$289,112,381
Investment income $2,694,613
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,042,783
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $285,775,835

Peer Organizations

Organization NameAssets
Montana Health Cooperative
Helena, MT
$285,775,835
Power Engineers Inc Employee Benefit Plan
Hailey, ID
$54,914,357
Billings Clinic Employee Benefit Trust
Billings, MT
$46,942,153
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$20,834,958
Nd Rec Benefit Trust
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$17,966,703
Missoula County Comprehensive Medical Benefit Plan
Missoula, MT
$15,058,760
Cuad Health Benefits Trust
Bismarck, ND
$14,609,979
Regency Managed Properties Benefit Trust
Sioux Falls, SD
$10,072,345
Hagadone Employee Benefit Trust
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$6,787,345
Whitney Benefits Inc
Sheridan, WY
$6,809,928
Southwest Hide Employee Benefit Trust
Boise, ID
$3,282,643
Energy Laboratories Inc Employee Welfare Benefit Plan Trust
Billings, MT
$2,367,075
Crookham Company Employee Benefit Trust
Caldwell, ID
$1,272,405
Oregon Life And Health Insurance Guaranty Association
Meridian, ID
$955,307
Howard Energy Employee Benefit Trust
Jackson, WY
$602,871
Humboldt Farm Mutual Insurance Of
Canton, SD
$331,656
Montana Life And Health Insurance Guaranty Association
Missoula, MT
$1,152,794
Idaho Life & Health Insurance Guaranty Association
Meridian, ID
$862,147
South Dakota Insurance Guaranty Association
Sioux Falls, SD
$177,209
North Dakota Life And Heath Insurance Guaranty Assn
Fargo, ND
$190,630
Tri-County Farmers Mutual Insurance Companyrated
Malta, MT
$230,923
Independent Insurance Agents Of Idaho Inc
Meridian, ID
$272,264
Hanson Farm Mutual Insurance Co
Alexandria, SD
$107,499
North Dakota Insurance Guaranty Association
Bismarck, ND
$96,096
National Association Of Insurance And Financial Advisors Montana
Kalispell, MT
$0

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