GROUP HEALTH COOPERATIVE OF EAU CL… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

TYLER FADNESS

Phone

7155524300

Tax Period

2023-01-01 to 2023-12-31

GROUP HEALTH COOPERATIVE OF EAU CLAIRE, founded in 1972, is a major nonprofit in the Health Care sector that reported $248.6M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSE OF THIS ORGANIZATION SHALL BE TO PROVIDE: (A) A MEANS FOR SUBSCRIBERS TO SECURE FOR THEMSELVES, THEIR FAMILIES, AND THEIR DEPENDENTS COMPREHENSIVE PREPAID PREVENTATIVE AS WELL AS CURATIVE HEALTH CARE; (B) A MEANS TO EMPHASIZE DISEASE PREVENTION AND EARLY CARE; (C) INCENTIVES FOR HOLDING DOWN COSTS AND FOR INCREASING THE PRODUCTIVITY OF RESOURCES; (D) A MEANS TO IMPROVE BOTH THE QUALITY OF CARE AND ITS GEOGRAPHIC DISTRIBUTION.

Program Service Accomplishments

Program 1

Expenses: $228,673,757 Revenue: $246,203,225

THE COOPERATIVE OFFERS INSURANCE COVERAGE FOR COMMERCIAL, MEDICAID AND SSI MEMBERS. IN 2023, THE COOPERATIVE HAD APPROXIMATELY 181,127 COMMERCIAL MEMBER MONTHS, 667,274 MEDICAID MEMBER MONTHS, 40,098 SSI MEMBER MONTHS AND 10 MEDICARE MEMBER MONTHS. ALONG WITH INSURANCE COVERAGE, THE COOPERATIVE ALSO HELPS MEMBERS WITH MEDICAL MANAGEMENT AND COORDINATION OF CARE.

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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 $246,203,225

Investment Income $2,404,125

Other Revenue $0

TOTAL REVENUE $248,607,350

Expense Breakdown

Grants Paid $5,706

Salaries & Benefits $6,170,239

Fundraising Expenses $0

Program Expenses $228,673,757

Other Expenses $246,507,625

TOTAL EXPENSES $252,683,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,607,350	$177,386,611	+0.4%
Expenses	$252,683,570	$174,076,326	+0.5%
Net Income	$-4,076,220	$3,310,285	-2.2%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT LEE	ASSISTANT MEDICAL DIRECTOR	40.00	Highest	$238,746	$11,450	$250,196
DAKOTA T RAU	PHARMACIST	40.00	Highest	$130,846	$16,201	$147,047
SARAH NORTH	GENERAL MANAGER AND CEO	40.00	Officer	$0	$0	$0
BOB TANNER	CHIEF FINANCIAL OFFICER	40.00	Officer	$0	$0	$0
JEFFREY BOWE	TREASURER	0.30	Officer Director	$0	$0	$0
DOUGLAS HOFFER	PRESIDENT	0.30	Officer Director	$0	$0	$0
TYLER FADNESS	FIRST VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
BRIAN LANNERS	SECOND VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
CORRISSA WOLNIAK	SECRETARY	0.30	Officer Director	$0	$0	$0
KENNETH ANIBAS	DIRECTOR	0.30	Director	$0	$0	$0
GEORGIA CROWNHART	DIRECTOR	0.30	Director	$0	$0	$0
SUSAN MARCOTT	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL MCHORNEY	DIRECTOR	0.30	Director	$0	$0	$0
DEBRA STANTON	DIRECTOR	0.30	Director	$0	$0	$0
DEREK THOMAS	DIRECTOR	0.30	Director	$0	$0	$0
MATTHEW THOMPSON	DIRECTOR	0.30	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	$248,607,350	$252,683,570	$101,219,197	$-4,076,220
2022	$177,386,611	$174,076,326	$98,377,112	$3,310,285
2021	$168,777,753	$156,514,928	$86,702,714	$12,262,825
2020	$160,600,149	$147,399,344	$71,427,480	$13,200,805
2019	$149,764,848	$141,395,717	$53,338,487	$8,369,131
2018	$164,112,623	$163,703,559	$52,034,770	$409,064

GROUP HEALTH COOPERATIVE OF EAU CLAIRE