MEDICA HEALTH PLANS

EIN: 411242261

MINNETONKA, MN

Total Revenue
$1,827,807,730
Total Expenses
$1,934,770,747
Total Assets
$971,675,180
Net Assets
$555,423,674
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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
1973
Legal Domicile
MN
Principal Officer
ELIZABETH ERICKSON
Phone
9529922753
Tax Period
2024-01-01 to 2024-12-31

MEDICA HEALTH PLANS, founded in 1973, is a large national nonprofit that reported $1.8B in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO BE THE TRUSTED HEALTH PLAN OF CHOICE FOR CUSTOMERS, MEMBERS, PARTNERS AND OUR EMPLOYEES

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,780,776,947
Investment Income $43,654,053
Other Revenue $3,376,730
TOTAL REVENUE $1,827,807,730

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,731,503,812
Other Expenses $203,266,935
TOTAL EXPENSES $1,934,770,747

Year-over-Year Comparison

2024 2023 Change
Revenue $1,827,807,730 $1,453,962,017 +0.3%
Expenses $1,934,770,747 $1,425,557,707 +0.4%
Net Income $-106,963,017 $28,404,310 -4.8%
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
5
Independent Members
4
Employees
14
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
6
$4,186,016
Total Directors
5
$2,329,601
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH F ERICKSON PRESIDENT, CEO, & TREAS THRU 1/2024 0.00
Officer Director
$0 $201,202 $1,870,851
JOHN BUCK DIRECTOR & CHAIR 0.00
Officer Director
$0 $0 $145,250
JOHN STANOCH DIRECTOR & VICE CHAIR 0.00
Officer Director
$0 $0 $128,500
PETER KELLEY DIRECTOR 0.00
Director
$0 $0 $94,750
MARY TWINEM DIRECTOR 0.00
Director
$0 $0 $90,250
MARY P QUIST SR. VP, FINANCE THRU 6/2024 0.00
Officer
$0 $35,245 $639,953
KRISTA DUSIL SVP, CFO, & TREASURER 0.00
Officer
$0 $116,115 $920,238
ALICIA REUTER SVP & CLO, SECRETARY 0.00
Officer
$0 $72,742 $481,224
MARK L BAIRD FORMER SVP & CFO 0.00
$0 $0 $370,125
JAMES P JACOBSON FORMER SVP SEC & GEN COUNSEL 0.00
$0 $0 $403,815
JOHN NAYLOR FORMER PRESIDENT & CEO 0.00
$0 $0 $565,230
DAVID H ELLENBOGEN FORMER SVP SEC & GEN COUNSEL 0.00
$0 $1,619 $226,230
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 $1,827,807,730 $1,934,770,747 $971,675,180 $-106,963,017
2023 $1,453,962,017 $1,425,557,707 $925,548,510 $28,404,310
2023 $1,453,962,017 $1,425,557,707 $925,548,510 $28,404,310
2022 $1,320,077,888 $1,246,496,448 $849,808,305 $73,581,440
2021 $1,218,114,241 $1,126,958,539 $840,677,669 $91,155,702
2020 $1,158,090,888 $1,087,409,259 $702,929,390 $70,681,629
2019 $1,383,149,041 $1,333,307,619 $587,940,014 $49,841,422
2018 $1,039,894,413 $997,535,181 $539,695,899 $42,359,232
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