Evergreen Health Cooperative Inc, operating under the name co Risk & Regulatory Consulting LLC, is located in Farmington, CT. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2023, co Risk & Regulatory Consulting LLC generated $503.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (57.8%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EVERGREEN HEALTH WAS A NONPROFIT HEALTH INSURANCE COOPERATIVE UNDER ACA EHC WAS PUT INTO LIQUIDATION BY THE MIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY IS IN LIQUIDATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Erin Bennett Vpcontroller | Officer | $50,832 | |
Barbara Van Buskirk Director | Officer | $64,625 | |
Benjamin Eastman Legal Compliance | Officer | $19,554 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Milliman Actuarial Services | 12/30/15 | $627,691 |
Goodell Devries Legal | 12/30/15 | $170,282 |
Scott Bolick Implementation | 12/30/15 | $117,887 |
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 | $0 |
Investment income | $502,971 |
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 | $503,050 |
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 | $27,845 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $10 |
Payroll taxes | $3,777 |
Fees for services: Management | $168,359 |
Fees for services: Legal | $61,053 |
Fees for services: Accounting | $4,933 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $17,695 |
Fees for services: Other | $0 |
Advertising and promotion | $116 |
Office expenses | -$11,298 |
Information technology | $21,413 |
Royalties | $0 |
Occupancy | $5,205 |
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 | $4,081 |
All other expenses | -$1,375,510 |
Total functional expenses | -$16,381,343 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $111,258 |
Savings and temporary cash investments | $10,712,588 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,432,655 |
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 | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $38,324 |
Total assets | $13,294,825 |
Accounts payable and accrued expenses | $3,772,303 |
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 | $54,422,627 |
Total liabilities | $58,194,930 |
Net assets without donor restrictions | -$44,900,105 |
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 | $0 |
Total liabilities and net assets/fund balances | $13,294,825 |
Over the last fiscal year, Evergreen Health Cooperative Inc has awarded $70,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
THE Y OF CENTRAL MARYLAND PURPOSE: 2015 Title Sponsorship of the Y Turkey Trot Charity 5K. | $65,000 |
YESHIVA OF GREATER WASHINGTON INC PURPOSE: Support of the annual banquet. | $5,000 |