MEDICA HOLDING COMPANY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

ELIZABETH ERICKSON

Phone

9529922058

Tax Period

2023-01-01 to 2023-12-31

MEDICA HOLDING COMPANY, founded in 2002, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $22.4M in total revenue in fiscal year 2023. Revenue surged 2064% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.5M, a strong 38% operating margin.

Mission

TO BE THE TRUSTED HEALTH PLAN OF CHOICE FOR CUSTOMERS, MEMBERS, PARTNERS AND OUR EMPLOYEES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

MEDICA HOLDING COMPANY IS THE HOLDING COMPANY FOR ALL OF THE MEDICA ENTITIES. THE GOAL OF MEDICA IS TO BE THE TRUSTED HEALTH PLAN OF CHOICE FOR CUSTOMERS, MEMBERS, PARTNERS, OUR EMPLOYEES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $22,445,270

Other Revenue $0

TOTAL REVENUE $22,445,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,956,522

TOTAL EXPENSES $13,956,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,445,270	$1,037,106	+20.6%
Expenses	$13,956,522	$652,335	+20.4%
Net Income	$8,488,748	$384,771	+21.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,951,416

Total Directors

$3,651,936

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JOHN NAYLOR	PRESIDENT & CEO (THRU 9/23)	Officer Director	$0	$28,672	$2,605,686
JOHN BUCK	DIRECTOR & CHAIR	Officer Director	$0	$0	$163,750
SAMUEL LEON	DIRECTOR	Director	$0	$0	$100,250
JOHN STANOCH	DIRECTOR & VICE CHAIR	Officer Director	$0	$0	$121,250
MARY TWINEM	DIRECTOR	Director	$0	$0	$111,000
GAYE ADAMS MASSEY	DIRECTOR	Director	$0	$0	$95,000
RAJESH AGGARWAL	DIRECTOR	Director	$0	$0	$119,750
BRIGID BONNER	DIRECTOR	Director	$0	$0	$108,000
PETER KELLEY	DIRECTOR	Director	$0	$0	$112,500
EARL STRATTON	DIRECTOR	Director	$0	$0	$114,750
DAVID H ELLENBOGEN	SVP SEC & GEN COUNSEL (THRU 12/23)	Officer	$0	$45,018	$818,602
ELIZABETH F ERICKSON	PRESIDENT & CEO & CFO	Officer	$0	$39,039	$1,242,128
MARK L BAIRD	FORMER SVP & CFO		$0	$0	$552,044
JAMES JACOBSON	FORMER SVP SEC & GEN COUNSEL		$0	$0	$448,077
MARY P QUIST	TREASURER/INTERIM CFO		$0	$49,529	$857,958

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$22,445,270	$13,956,522	$468,669,723	$8,488,748
2023	$22,445,270	$13,956,522	$468,669,723	$8,488,748
2022	$1,037,106	$652,335	$602,876,570	$384,771
2021	$25,184	$128,481	$521,450,691	$-103,297
2020	$481,640	$97,375	$396,466,769	$384,265
2019	$1,101,365	$18,861	$56,082,504	$1,082,504
2018	No data	No data	No data	No data