UNIVERSITY OF MICHIGAN HEALTH PLAN (EIN 382356288) - 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

1980

Legal Domicile

Principal Officer

SHARON WILLIAMS

Phone

5173648400

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY OF MICHIGAN HEALTH PLAN, founded in 1980, is a major nonprofit that reported $164.5M in total revenue in fiscal year 2023. Expenses of $195.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

UNIVERSITY OF MICHIGAN HEALTH PLAN'S MISSION IS TO IMPROVE THE HEALTH STATUS OF ITS MEMBERS BY FACILITATING QUALITY, COMPASSIONATE, ACCESSIBLE, COST EFFECTIVE HEALTHCARE.

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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 $163,065,641

Investment Income $1,393,061

Other Revenue $0

TOTAL REVENUE $164,458,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,455,282

Fundraising Expenses $0

Program Expenses $186,191,985

Other Expenses $40,376,547

TOTAL EXPENSES $195,136,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,458,702	$166,036,259	0.0%
Expenses	$195,136,249	$184,723,980	+0.1%
Net Income	$-30,677,547	$-18,687,721	+0.6%

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

217

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

$4,239,494

Total Directors

$5,934,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH DICKEY	CHAIR	1.00	Officer Director	$0	$150,321	$1,312,152
JAMES F DOVER	PRES/CEO-UMH	1.00	Officer Director	$0	$89,945	$1,248,692
JOSEPH RUTH	DIRECTOR	1.00	Director	$0	$101,260	$1,214,309
PAULA REICHLE	TREASURER	1.00	Officer Director	$0	$63,325	$784,600
DOUGLAS EDEMA MD	DIRECTOR	1.00	Director	$0	$57,870	$664,288
JOHN AYANIAN MD	DIRECTOR	1.00	Director	$0	$52,777	$603,412
DENNIS REESE	PRESIDENT &	40.00	Officer	$455,915	$69,849	$525,764
NICOLE WERNER	FORMER CFO	40.00	Officer	$224,180	$33,714	$257,894
WALTER BRIGGS	DIRECTOR OF	40.00	Highest	$199,587	$54,580	$254,167
JONATHAN DENGEL	OPERATION &	40.00	Highest	$200,559	$31,208	$231,767
KENNETH WALKER	DIR OF NETWO	40.00	Highest	$172,677	$52,980	$225,657
ANN HUNT-FUGATE RPH	MGR CLINICAL	40.00	Highest	$170,935	$41,156	$212,091
JENNIFER JOHNSTON	VP SALES & M	40.00	Highest	$164,980	$20,258	$185,238
ANDREA KOSLOSKI	FORMER DIREC	N/A		$0	$18,171	$158,849
EDWARD VOZZO	FORMER CFO/C	40.00	Officer	$100,000	$10,392	$110,392
IFTIKER AHMAD MD	DIRECTOR	1.00	Director	$0	$4,296	$59,874
TIMOTHY PETERSON M D	DIRECTOR	1.00	Director	$0	$304	$46,921
KEVIN ALBOSTA	DIRECTOR	1.00	Director	$0	$0	$0

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	$164,458,702	$195,136,249	$79,342,275	$-30,677,547
2022	$166,036,259	$184,723,980	$60,797,102	$-18,687,721
2021	$162,492,112	$175,312,681	$85,614,801	$-12,820,569
2020	$171,519,917	$185,204,970	$97,555,482	$-13,685,053
2019	$180,918,782	$182,077,032	$104,484,330	$-1,158,250
2018	$206,058,136	$199,434,624	$95,848,627	$6,623,512

UNIVERSITY OF MICHIGAN HEALTH PLAN