Health Repulic Insurance Company
- Assets
- $0.0
- Revenue
- $1.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 45-3261827
Organization Overview
Health Repulic Insurance Company is located in Portland, OR. 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 12/2022, Health Repulic Insurance Company generated $1.0 in total revenue. All expenses for the organization totaled $154.0k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND OPERATE CONSUMER OPERATED AND ORIENTED PLAN CO-OP AS QUALIFIED NONPROFIT HEALTH INSURER UNDER SECTION 1322 OF THE AFFORDABLE CARE ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERED QUALIFIED HEALTH POLICIES THROUGH THE OREGON EXCHANGE AND DIRECTLY TO CONSUMERS FOR COVERAGE EFFECTIVE BEGINNING JANUARY 1 2014 BUT TERMINATED ALL COVERAGE AS OF DECEMBER 31,2015. HAVE BEEN MANAGING THE RUN OUT OF OPERATIONS UNTIL FULL LIQUIDATION WAS COMPLETED IN 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Finley Chief Financial Officer | OfficerTrustee | 0.7 | $7,000 |
Dawn Bonder Chief Executive Officer | OfficerTrustee | 0.5 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Providence Health Plan Administrative | 12/30/15 | $3,494,681 |
Milliman Actuarial | 12/30/15 | $571,135 |
Softheon Inc Member Portal | 12/30/15 | $317,289 |
Morneau Shepell Member Portal | 12/30/15 | $312,168 |
Truven Health Analytics Consulting | 12/30/15 | $115,500 |
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 | $0 |
| Investment income | $1 |
| 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 | $1 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $127,711 |
| 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. | $12,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| 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 | $0 |
| Fees for services: Legal | -$3,882 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $434 |
| Information technology | $506 |
| 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 | $68 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,188 |
| All other expenses | -$1,060 |
| Total functional expenses | $153,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Health Repulic Insurance Company has awarded $21,345,307 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: General Support | $21,293,307 |
Portland, OR PURPOSE: General Support | $10,000 |
Lake Oswego, OR PURPOSE: General Support | $10,000 |
WILDLAND FIREFIGHTER RESEARCH AND PROTECTION CENTER PURPOSE: General Support | $10,000 |
SAVAGE MEMORIAL PRESBYTERIAN CHURCH PURPOSE: General Support | $9,000 |
Coos Bay, OR PURPOSE: General Support | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nonprofits Insurance Alliance Of California Santa Cruz, CA | $422,311,251 | $88,356,752 |
Washington Counties Insurance Fund Tumwater, WA | $12,803,774 | $66,207,996 |
General Conference Of Seventh Day Adventist Roseville, CA | $15,390,414 | $66,062,205 |
Alliance Of Nonprofits For Insurance Risk Retention Group Inc Santa Cruz, CA | $261,341,148 | $70,179,499 |
Bio-Rad Laboratories Employee Benefit Trust Hercules, CA | $0 | $57,371,968 |
Intel Corporation Short Term Disability Plan Trust Santa Clara, CA | $0 | $22,029,560 |
Power Engineers Inc Employee Benefit Plan Hailey, ID | $6,741,524 | $36,639,487 |
Carrix Inc Benefits Trust Seattle, WA | $13,678,947 | $20,538,875 |
Loma Linda University Adventist Health Sciences Cntr Liability Tr San Bernardino, CA | $60,948,101 | $27,070,636 |
Surplus Line Association Of California San Ramon, CA | $30,618,927 | $32,067,894 |
United Employees Benefit Trust Tacoma, WA | $48,936,771 | $25,801,114 |
Dignity Health Hosp & Professional Liability Self-Insurance Trust San Francisco, CA | $0 | $32,275,072 |