Montana Health Network Health Insurance Plan & Trust
- Assets
- $15.3m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Miles City, MT
- Founding
- 07/1994
- Data as of
- 12/2021
- EIN
- 81-6073209
Organization Overview
Montana Health Network Health Insurance Plan & Trust is located in Miles City, MT. The organization was established in 1994. 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. Montana Health Network Health Insurance Plan & 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 Health Network Health Insurance Plan & Trust generated $23.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $21.1m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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
MULTIPLE EMPLOYER VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL BENEFITS PAID FOR QUALIFIED MEDICAL CLAIMS OF PARTICIPANTS AT 33 HEALTHCARE ENTITIES.
STOP LOSS INSURANCE PREMIUMS PAID TO MANAGE RISK ASSOCIATED WITH BEING SELF-INSURED ON ULTIMATE BENEFIT COVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Holom Chair See Sch. O Explanation | OfficerTrustee | 1 | $0 |
Greg Drapes Secretary See Sch. O Explanation | OfficerTrustee | 0.5 | $0 |
Bill Robinson Member See Sch. O Explanation | Trustee | 0.5 | $0 |
Steph Denham Member At Large (thru Sep) See Sch. O Explanation | Trustee | 0.5 | $0 |
Linda Mehlhoff Member See Sch. O Explanation | Trustee | 0.5 | $0 |
Holly Wolff Member (from October) See Sch. O Explanation | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allegiance Benefit Plan Management Inc Tpa | 12/30/21 | $431,214 |
Montana Health Network Inc Administrative Expenses | 12/30/21 | $165,196 |
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 | $23,117,146 |
| Investment income | $154,459 |
| 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 | $23,271,605 |
| 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 | $19,522,903 |
| 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 | $0 |
| Fees for services: Legal | $295 |
| Fees for services: Accounting | $23,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $663,649 |
| Advertising and promotion | $0 |
| Office expenses | $33,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $145 |
| 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 | $3,277 |
| All other expenses | $806,024 |
| Total functional expenses | $21,053,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,855,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $839,236 |
| 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 | $275 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,410,863 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $163,400 |
| Total assets | $15,268,844 |
| Accounts payable and accrued expenses | $10,875 |
| 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 | $10,875 |
| 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 | $15,257,969 |
| Total liabilities and net assets/fund balances | $15,268,844 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joint Powers Trust Billings, MT | $11,191,637 | $40,721,740 |
Idaho Power Company Voluntary Employees Beneficiary Association Boise, ID | $41,463,808 | $26,523,416 |
Noridian Mutual Insurance Company Retirees Veba Tr Fargo, ND | $45,397,738 | $16,529,456 |
Montana Health Network Health Insurance Plan & Trust Miles City, MT | $15,268,844 | $23,271,605 |
South Dakota Bankers Benefit Plan Trust Pierre, SD | $10,846,248 | $20,987,346 |
Idaho Agc Self-Funded Benefit Tr Boise, ID | $6,885,647 | $14,916,501 |
Montana Automobile Dealers Association Insurance Trust Fund Helena, MT | $782,366 | $6,867,313 |
Dick Anderson Construction Health And Welfare Benefits Tr Helena, MT | $1,064,570 | $5,780,819 |
Dakotas Areawide Ibew-Neca Vacation And Holiday Trust Fargo, ND | $4,917,933 | $6,471,191 |
Montana Credit Union League Group Benefits Tr Helena, MT | $4,089,358 | $5,824,958 |
Associated General Contractors Of North Dakota Employee Benefit Trus Bismarck, ND | $6,781,820 | $6,106,611 |
Wyoming Credit Union Ins Tr Casper, WY | $3,690,382 | $3,473,857 |