Blue Care Network of Michigan

EIN: 382359234 Health Care

DETROIT, MI

Total Revenue
$4,483,151,632
Total Expenses
$4,478,671,251
Total Assets
$2,619,529,328
Net Assets
$1,784,233,980
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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
1981
Legal Domicile
MI
Phone
3132256688
Tax Period
2023-01-01 to 2023-12-31

Blue Care Network of Michigan, founded in 1981, is a large national nonprofit in the Health Care sector that reported $4.5B in total revenue in fiscal year 2023.

Mission

BLUE CARE NETWORK PROVIDES HEALTH CARE SERVICES TO SUBSCRIBERS THROUGH CONTRACTS IT HAS ENTERED INTO WITH VARIOUS PHYSICIAN GROUPS, HOSPITALS AND OTHER HEALTH CARE PROVIDERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,418,345,676
Investment Income $64,805,956
Other Revenue $0
TOTAL REVENUE $4,483,151,632

Expense Breakdown

Grants Paid $0
Salaries & Benefits $284,692,894
Fundraising Expenses $0
Program Expenses $4,005,619,160
Other Expenses $372,742,142
TOTAL EXPENSES $4,478,671,251

Year-over-Year Comparison

2023 2022 Change
Revenue $4,483,151,632 $4,153,996,666 +0.1%
Expenses $4,478,671,251 $4,241,941,116 +0.1%
Net Income $4,480,381 $-87,944,450 -1.1%
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

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Governance

Voting Members
15
Independent Members
12
Employees
N/A
Volunteers
13

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
5
$12,775,264
Total Directors
15
$15,503,192
Key Employees
4
$3,873,714
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VP & Pres & CEO BCN 23.0
Officer Director
$0 $531,982 $2,438,460
N/A Director & Officer - EVP & CFO 1.0
Officer Director
$0 $876,056 $5,091,572
N/A Director 1.0
Director
$69,072 $0 $69,072
N/A Director 1.0
Director
$62,072 $0 $62,072
N/A Director 1.0
Director
$69,072 $0 $69,072
N/A EVP President Hlth Plan Bus 1.0
Director
$0 $1,067,677 $7,167,305
N/A Contractor 0.0
Director
$55,063 $0 $55,063
N/A Director 1.0
Director
$62,072 $0 $62,072
N/A Director 1.0
Director
$69,072 $0 $69,072
N/A Director 1.0
Director
$69,072 $0 $69,072
N/A Director 1.0
Director
$62,072 $0 $62,072
N/A Director 1.0
Director
$62,072 $0 $62,072
N/A Director 1.0
Director
$62,072 $0 $62,072
N/A Director 1.0
Director
$62,072 $0 $62,072
N/A Director 1.0
Director
$102,072 $0 $102,072
N/A Sr Dir Corp Perfrmnce & Admin 55.0
Officer
$0 $103,567 $396,544
N/A Officer - SVP Health Plan Business 0.0
Officer
$0 $371,162 $2,588,120
N/A Officer - SVP & Treasurer 20.0
Officer
$0 $268,062 $2,260,568
N/A VP & Controller 9.0
Key Emp
$0 $149,247 $1,100,427
N/A VP Enterprise Finance and Chief Risk Officer 10.0
Key Emp
$0 $196,391 $1,330,368
N/A VP Bus Perf & Execution BCN 50.0
Key Emp
$0 $202,454 $864,717
N/A Sr Director BCN IT 21.0
Key Emp
$0 $113,713 $578,202
N/A VP Claims Operations 0.0
$0 $344,542 $1,119,658
N/A Former VP and Treasurer 0.0
$0 $200,230 $200,230
N/A EVP Health Care Value 0.0
$0 $0 $604,465
N/A VP HL & CLN AFS & BCN SVP CMO 0.0
$0 $0 $312,854
N/A Former Director 0.0
$0 $0 $2,861,811
N/A VP Bus & Program Dev &Reg Exec 0.0
$0 $154,984 $695,563
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 $4,483,151,632 $4,478,671,251 $2,619,529,328 $4,480,381
2022 $4,153,996,666 $4,241,941,116 $2,627,985,022 $-87,944,450
2021 $4,068,672,345 $4,151,723,902 $2,791,773,564 $-83,051,557
2020 $4,229,242,702 $4,087,914,132 $3,036,231,739 $141,328,570
2019 $4,366,314,594 $4,265,797,460 $2,807,631,804 $100,517,134
2018 $4,393,467,255 $4,125,556,889 $2,499,496,688 $267,910,366
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