MCLAREN HEALTH PLAN INC (EIN 383252216) - 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

1995

Legal Domicile

Principal Officer

JESSICA CROMER

Phone

8107339705

Tax Period

2024-01-01 to 2024-12-31

MCLAREN HEALTH PLAN INC, founded in 1995, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2024.

Mission

ENHANCE OUR MEMBERS' HEALTH STATUS IN THE COMMUNITIES WE SERVE BY PROMOTING: 1. PREVENTIVE CARE AND WELL-BEING; 2. ACCESS TO QUALITY HEALTH SERVICES; 3. STRONG RELATIONSHIPS WITH OUR MEMBERS, PROVIDERS, AND EMPLOYERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,187,580,872

Investment Income $15,411,030

Other Revenue $0

TOTAL REVENUE $1,202,991,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,262,504

Fundraising Expenses $0

Program Expenses $1,087,229,238

Other Expenses $1,158,657,518

TOTAL EXPENSES $1,182,920,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,202,991,902	$1,211,022,217	0.0%
Expenses	$1,182,920,022	$1,176,736,221	+0.0%
Net Income	$20,071,880	$34,285,996	-0.4%

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

$6,604,409

Total Directors

$3,595,265

Key Employees

$1,194,915

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN BROWN	CHAIRMAN	1.00	Officer Director	$0	$119,268	$706,132
DAVID MAZURKIEWICZ	TREASURER	1.00	Officer Director	$0	$50,376	$2,156,210
LAKISHA ATKINS	ENROLLEE REPRESENTATIVE	1.00	Director	$0	$0	$0
MELISSA JENKINS	ENROLLEE REPRESENTATIVE	1.00	Director	$0	$0	$0
NANCY JENKINS	PRESIDENT & CEO	32.30	Officer Director	$0	$49,552	$726,923
PATRICK HAYES	SECRETARY	1.00	Officer Director	$0	$0	$6,000
CHERYL DIEHL	ASSISTANT SECRETARY	1.00	Officer	$0	$62,695	$411,642
JESSICA CROMER	VICE PRESIDENT	1.00	Officer	$0	$145,867	$779,058
KATHLEEN KENDALL	VICE PRESIDENT - PART YEAR	1.00	Officer	$0	$79,067	$1,574,812
RACHEL HAIRSTON	ASSISTANT TREASURER	32.30	Officer	$0	$21,636	$243,632
CANDACE WEST	MHP VP, PROVIDER SERVICES	32.30	Key Emp	$0	$18,114	$203,114
JEFFREY ROMBACK	MHP VP, STRATEGIC INITIATIVES	32.30	Key Emp	$0	$41,611	$244,880
MARYLYNN CLARK	MHP VP, HEALTH SERVICES	32.30	Key Emp	$0	$42,302	$296,804
MATTHEW EHRLICH	MHP VP, GENERAL COUNSEL	32.30	Key Emp	$0	$55,021	$450,117

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	$1,202,991,902	$1,182,920,022	$461,189,887	$20,071,880
2023	$1,211,022,217	$1,176,736,221	$434,435,196	$34,285,996
2023	$1,211,022,217	$1,176,736,221	$434,435,196	$34,285,996
2022	$1,131,135,540	$1,072,132,782	$434,775,598	$59,002,758
2021	$1,045,922,622	$973,530,823	$450,183,476	$72,391,799
2020	$845,052,646	$794,350,319	$365,181,863	$50,702,327
2019	$789,553,404	$757,093,329	$258,187,113	$32,460,075
2018	$699,346,849	$683,775,422	$227,932,954	$15,571,427

MCLAREN HEALTH PLAN INC