Montana Medical Association Health Care Plan And Trust
- Assets
- $6.4m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- Data as of
- 12/2021
- EIN
- 71-1029753
Organization Overview
Montana Medical Association Health Care Plan And Trust is located in Helena, MT. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Medical Association Health Care Plan And Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Montana Medical Association Health Care Plan And Trust generated $13.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $13.6m during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE PRIMARY CHOICE FOR HEALTH BENEFITS FOR HEALTH PROFESSIONS IN MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS MULTIPLE EMPLOYER WELFARE AGREEMENT WAS ABLE TO PAY OUT $11,512,665 IN HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND BENEFICIARIES THIS YEAR. THE PLAN PROVIDES HEALTH BENEFITS (MEDICAL, DENTAL, VISION AND PRESCRIPTION) BY SELF-FUNDING WHICH IS RE-INSURED WITH INDIVIDUAL AND AGGREGATE STOP-LOSS INSURANCE COVERAGE. THE PLAN PROVIDES CONTINUATION OF COVERAGE FOR HEALTH BENEFITS FOR ELIGIBLE GROUPS AS REQUIRED UNDER THE CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT OF 1985 (COBRA).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Bruce Robertson MD Chairman | OfficerTrustee | 10 | $24,000 |
Timothy J Mcinnis MD Trustee | Trustee | 2 | $0 |
Paul Gorsuch MD Trustee | Trustee | 2 | $0 |
Jami Eschler MD Trustee | Trustee | 2 | $0 |
Orville Mann MD Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross And Blue Shield Of Montana He Tpa - Claims Administration | 12/30/21 | $524,946 |
Leif Associates Inc Actuary & Underwriting | 12/30/21 | $160,884 |
Hpmpt Sponsor Organization Inc Administrative, Outreach, And Marketing | 12/30/21 | $292,730 |
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 | $12,986,693 |
| Investment income | $77,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,392 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,149,680 |
| 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 | $11,512,665 |
| Compensation of current officers, directors, key employees. | $24,000 |
| 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 | $551,576 |
| Fees for services: Legal | $96,000 |
| Fees for services: Accounting | $93,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,858 |
| Fees for services: Other | $441,566 |
| 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 | $1,736 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,407 |
| All other expenses | $0 |
| Total functional expenses | $13,638,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,701,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,274 |
| 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 | $2,438 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,523,404 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $6,400,850 |
| Accounts payable and accrued expenses | $91,570 |
| 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 | $1,150,851 |
| Total liabilities | $1,242,421 |
| 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 | $5,158,429 |
| Total liabilities and net assets/fund balances | $6,400,850 |
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|---|---|---|
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Wells Fargo & Co Employee Benifit Trust For Retiree Minneapolis, MN | $295,455,025 | $46,494,282 |
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
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