CHORUS COMMUNITY HEALTH PLANS INC (EIN 271494977) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

MARK RAKOWSKI

Phone

4142665420

Tax Period

2023-01-01 to 2023-12-31

CHORUS COMMUNITY HEALTH PLANS INC, founded in 2009, is a major nonprofit in the Health Care sector that reported $473.6M in total revenue in fiscal year 2023. Expenses of $457.2M left a modest 3% surplus.

Mission

TO PROVIDE ACCESS TO QUALITY HEALTH CARE AND SERVICES TO ITS MEMBERS IN WI.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $466,998,654

Investment Income $6,578,316

Other Revenue $33,974

TOTAL REVENUE $473,610,944

Expense Breakdown

Grants Paid $53,500

Salaries & Benefits $14,222,283

Fundraising Expenses $0

Program Expenses $441,721,594

Other Expenses $49,259,622

TOTAL EXPENSES $457,188,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,610,944	$462,603,968	+0.0%
Expenses	$457,188,599	$438,710,759	+0.0%
Net Income	$16,422,345	$23,893,209	-0.3%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$3,003,777

Total Directors

$3,071,044

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET TROY	DIRECTOR/PRESIDENT AND CEO CHHS	0.00	Director	$0	$74,552	$2,267,171
MARK RAKOWSKI	DIRECTOR/PRESIDENT OF CCHP	0.00	Officer Director	$0	$163,764	$803,873
JAMES PURKO	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
DAVID DRURY	DIRECTOR	1.00	Director	$0	$0	$0
MARK HOGAN	DIRECTOR	1.00	Director	$0	$0	$0
BEN MELSON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PRECIA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SILVER	DIRECTOR	1.00	Director	$0	$0	$0
CLARK SLIPHER	DIRECTOR	1.00	Director	$0	$0	$0
RALPH WEBER	DIRECTOR	1.00	Director	$0	$0	$0
MARC CADIEUX	TREASURER/CORP VP & CFO	0.00	Officer	$0	$132,135	$1,168,140
LESLIE TECTOR	SECRETARY/VP GENERAL COUNSEL	0.00	Officer	$0	$103,581	$714,973
MICHAEL BOEDER	VICE PRESIDENT/COO CCHP	40.00	Officer	$270,442	$46,349	$316,791
JULIE ANTHOLINE	DIR HEALTH PLAN OPERATIONS	40.00	Highest	$164,520	$56,676	$221,196
KELLY HODGES MD	ASSOCIATE CMO CCHP	40.00	Highest	$308,502	$21,897	$330,399
MICHAEL PELYHES	HLTH PLAN PHARMACY DIRECTOR	40.00	Highest	$188,337	$65,947	$254,284
JAMES SLAWSON MD	CHIEF MEDICAL OFFICER CCHP	40.00	Highest	$389,491	$82,919	$472,410
JACQUELINE WHELAN	VP QLTY & ANALYTICS	40.00	Highest	$179,329	$67,301	$246,630
MICHELLE METTNER	FORMER SEC/CORP VP GOV & LEGAL AFF.	0.00		$0	$7,319	$419,212

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	$473,610,944	$457,188,599	$268,808,395	$16,422,345
2022	$462,603,968	$438,710,759	$253,600,863	$23,893,209
2021	$426,722,132	$408,839,929	$219,109,708	$17,882,203
2020	$398,714,820	$346,341,652	$228,211,004	$52,373,168
2019	$365,734,131	$337,390,130	$196,510,098	$28,344,001
2018	$460,248,143	$427,521,631	$162,028,686	$32,726,512

CHORUS COMMUNITY HEALTH PLANS INC