CONCORDIA HEALTH PLAN (EIN 436062857) - 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

1980

Legal Domicile

Principal Officer

Scott Seefeld

Phone

3148856744

Tax Period

2024-01-01 to 2024-12-31

CONCORDIA HEALTH PLAN, founded in 1980, is a major nonprofit that reported $285.8M in total revenue in fiscal year 2024. Expenses of $275.9M left a modest 3% surplus.

Mission

Provide healthcare benefits for the employees, and their selected dependents, of member congregations, controlled organizations, and affiliated agencies of The Lutheran Church-Missouri Synod.

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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 $285,776,976

Investment Income $0

Other Revenue $0

TOTAL REVENUE $285,776,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $275,862,692

Other Expenses $43,378,419

TOTAL EXPENSES $275,862,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,776,976	$286,539,630	0.0%
Expenses	$275,862,692	$276,885,794	0.0%
Net Income	$9,914,284	$9,653,836	+0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Seefeld	Chairman of the Board and Trustee	2	Director	$0	$0	$0
Jon Boeche	Trustee	2	Director	$0	$0	$0
Jason Burk	Trustee	1	Director	$0	$0	$0
Daryl Dagit	Trustee	1	Director	$0	$0	$0
Henry Eickelberg	Trustee	1	Director	$0	$0	$0
Gail Hartmann	Trustee	1	Director	$0	$0	$0
David Hawk	Trustee	1	Director	$0	$0	$0
Jesse Huber	Trustee	1	Director	$0	$0	$0
Ronald Kuehn	Trustee	1	Director	$0	$0	$0
Mark Miller	Trustee	1	Director	$0	$0	$0
Mark Swenson	Trustee	1	Director	$0	$0	$0
Renee Varga	Trustee	1	Director	$0	$0	$0
Amber Bahr	Trustee	1	Director	$0	$0	$0
Roger Offermann	Trustee	1	Director	$0	$0	$0
Roger Paavola	Trustee	1	Director	$0	$0	$0
M Douglas Peters	Trustee	1	Director	$0	$0	$0
Nathan Haak	Trustee	1	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	$285,776,976	$275,862,692	$215,803,584	$9,914,284
2023	$286,539,630	$276,885,794	$193,699,354	$9,653,836
2022	$272,769,037	$269,198,531	$168,165,601	$3,570,506
2021	$265,014,136	$270,223,811	$188,828,015	$-5,209,675
2020	$266,059,390	$262,213,545	$185,239,752	$3,845,845
2019	$258,035,809	$271,278,925	$165,569,864	$-13,243,116
2018	$249,597,716	$252,437,168	$158,913,091	$-2,839,452

CONCORDIA HEALTH PLAN