MEDICA COMMUNITY HEALTH PLAN

EIN: 411843804 Health Care

MINNETONKA, MN

Total Revenue
$152,054,828
Total Expenses
$133,916,019
Total Assets
$148,944,995
Net Assets
$118,456,471
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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
1996
Legal Domicile
WI
Principal Officer
ELIZABETH ERICKSON
Phone
9529922058
Tax Period
2023-01-01 to 2023-12-31

MEDICA COMMUNITY HEALTH PLAN, founded in 1996, is a major nonprofit in the Health Care sector that reported $152.1M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $133.9M left a modest 12% surplus.

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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $149,373,340
Investment Income $2,681,488
Other Revenue $0
TOTAL REVENUE $152,054,828

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $119,095,421
Other Expenses $14,820,598
TOTAL EXPENSES $133,916,019

Year-over-Year Comparison

2023 2022 Change
Revenue $152,054,828 $124,250,679 +0.2%
Expenses $133,916,019 $130,033,938 +0.0%
Net Income $18,138,809 $-5,783,259 -4.1%
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
10
Independent Members
9
Employees
N/A
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
5
$8,046,787
Total Directors
12
$8,808,037
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ELLENBOGEN SVP SEC & GEN COUNSEL (THRU 12/23) 0.00
Officer Director
$0 $45,018 $818,602
ELIZABETH F ERICKSON PRESIDENT & CEO & CFO 0.00
Officer Director
$0 $39,039 $1,242,128
JOHN NAYLOR PRESIDENT & CEO (THRU 9/23) 0.00
Officer Director
$0 $28,672 $5,701,057
JOHN BUCK DIRECTOR & CHAIR 0.00
Officer Director
$0 $0 $163,750
JOHN STANOCH DIRECTOR & VICE CHAIR 0.00
Officer Director
$0 $0 $121,250
MARY TWINEM DIRECTOR 0.00
Director
$0 $0 $111,000
PETER KELLEY DIRECTOR 0.00
Director
$0 $0 $112,500
RAJ AGGARWAL DIRECTOR 0.00
Director
$0 $0 $119,750
BRIGID BONNER DIRECTOR 0.00
Director
$0 $0 $108,000
SAM LEON DIRECTOR 0.00
Director
$0 $0 $100,250
GAYE ADAMS MASSEY DIRECTOR 0.00
Director
$0 $0 $95,000
EARL STRATTON DIRECTOR 0.00
Director
$0 $0 $114,750
MARY P QUIST TREASURER/INTERIM CFO 0.00
$0 $49,529 $857,958
MARK L BAIRD FORMER SVP & CFO 0.00
$0 $0 $552,044
JAMES P JACOBSON FORMER SVP SEC & GEN COUNSEL 0.00
$0 $0 $448,077
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 $152,054,828 $133,916,019 $148,944,995 $18,138,809
2023 $152,054,828 $133,916,019 $148,944,995 $18,138,809
2022 $124,250,679 $130,033,938 $129,865,512 $-5,783,259
2021 $115,853,339 $118,183,846 $134,243,555 $-2,330,507
2020 $121,750,310 $94,109,736 $167,894,405 $27,640,574
2019 $83,318,711 $59,497,465 $136,926,904 $23,821,246
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