ILLINOIS ASSOCIATION OF MEDICAID HEALTH PLANS

EIN: 383904312 Community Improvement

SPRINGFIELD, IL

Total Revenue
$2,071,879
Total Expenses
$1,553,087
Total Assets
$1,264,063
Net Assets
$656,831
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IL
Principal Officer
JILL HAYDEN
Phone
2173414720
Tax Period
2023-01-01 to 2023-12-31

ILLINOIS ASSOCIATION OF MEDICAID HEALTH PLANS, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $519K, a strong 25% operating margin.

Mission

TO ASSIST HEALTH PLANS, THE STATE, AND HEALTHCARE PROVIDERS IN THE TRANSITION FROM A FEE-FOR-SERVICE MEDICAID PROGRAM TO A COORDINATED SYSTEM.

Program Service Accomplishments

Program 1

IAMHP PRESENTED AT NUMEROUS FORUMS TO BETTER EDUCATE PROVIDERS, ADVOCATES, AND CONSUMERS ON ILLINOIS' TRANSITION TO CARE COORDINATION.

Program 2

IAMHP CONDUCTED NUMEROUS MEETINGS BETWEEN HEALTHCARE PROVIDERS AND HEALTH PLANS TO FURTHER AND IMPROVE COMMUNICATIONS.

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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 $2,071,879
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,071,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $506,094
Fundraising Expenses $0
Other Expenses $1,046,993
TOTAL EXPENSES $1,553,087

Year-over-Year Comparison

2023 2022 Change
Revenue $2,071,879 $1,614,329 +0.3%
Expenses $1,553,087 $1,489,434 +0.0%
Net Income $518,792 $124,895 +3.2%
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
6
Independent Members
6
Employees
5
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON GALEENER TREASURER 1.00
Officer Director
$0 $0 $0
RUSHIL DESAI SECRETARY 1.00
Officer Director
$0 $0 $0
MATT WOLF PRESIDENT 1.00
Officer Director
$0 $0 $0
JEB DUKE DIRECTOR 1.00
Director
$0 $0 $0
CRISTAL GARY DIRECTOR 1.00
Director
$0 $0 $0
NANCY WOHLHART DIRECTOR 1.00
Director
$0 $0 $0
SAMANTHA OLDS FREY FORMER EXECUTIVE DIRECTOR 40.00
$253,044 $18,123 $271,167
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 $2,071,879 $1,553,087 $1,264,063 $518,792
2022 $1,614,329 $1,489,434 $540,611 $124,895
2021 $1,343,510 $1,325,992 $586,271 $17,518
2020 $1,282,078 $1,430,053 $142,618 $-147,975
2019 $1,233,971 $1,449,529 $279,028 $-215,558
2018 $1,311,170 $1,162,669 $393,989 $148,501
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