Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREMIUM REVENUE

  total $428,752,288 · related or exempt $428,752,288

• 3 · Investment income

  total $2,777,760 · excluded $2,777,760

• 7a · Gross sales of assets other than inventory

  securities $435

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $435

• 7d · Net gain or loss

  total $435 · excluded $435

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $14,235,952 · program services $5,381,751 · management and general $8,854,201

• 8 · Pension plan contributions

  total $442,295 · program services $172,782 · management and general $269,513

• 9 · Other employee benefits

  total $2,649,822 · program services $65,405 · management and general $2,584,417

• 10 · Payroll taxes

  total $990,687 · program services $412,758 · management and general $577,929

• 11c · Fees: accounting

  total $187,270 · management and general $187,270

• 11f · Fees: investment management

  total $375,759 · management and general $375,759

• 11g · Fees: other

  total $439,957 · management and general $439,957

• 12 · Advertising and promotion

  total $1,148,856 · program services $44,368 · management and general $1,104,488

• 13 · Office expenses

  total $799,386 · program services $90,989 · management and general $708,397

• 14 · Information technology

  total $4,887,786 · program services $2,225,250 · management and general $2,662,536

• 16 · Occupancy

  total $511,666 · management and general $511,666

• 17 · Travel

  total $112,441 · program services $23,405 · management and general $89,036

• 19 · Conferences, conventions and meetings

  total $55,999 · program services $8,780 · management and general $47,219

• 20 · Interest

  total $8,429 · program services $8,429

• 22 · Depreciation, depletion and amortization

  total $540,696 · program services $9,196 · management and general $531,500

• 23 · Insurance

  total $356,613 · management and general $356,613

• 24a · Other expenses: MEDICAL EXPENSES

  total $400,572,353 · program services $400,572,353

• 24b · Other expenses: OUTSOURCED SERVICES

  total $6,226,270 · program services $4,109,016 · management and general $2,117,254

• 24c · Other expenses: COMMISSIONS

  total $3,315,378 · management and general $3,315,378

• 24d · Other expenses: CORPORATE DUES, LICENSE

  total $192,321 · program services $973 · management and general $191,348

• 24e · All other expenses

  total $529,842 · program services $257,582 · management and general $272,260

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $55,574,858 · end of year $59,630,163

• 2 · Savings and temporary cash investments

  beginning of year $144,932 · end of year $151,327

• 4 · Accounts receivable

  beginning of year $20,521,204 · end of year $34,547,214

• 9 · Prepaid expenses and deferred charges

  beginning of year $13,300 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $6,370,906 · end of year $8,479,986

• 13 · Investments: program-related

  beginning of year $8,378,743 · end of year $8,975,385

• 15 · Other assets

  beginning of year $896,446 · end of year $1,686,644

• 17 · Accounts payable and accrued expenses

  beginning of year $47,566,847 · end of year $53,984,704

• 19 · Deferred revenue

  beginning of year $4,123,487 · end of year $7,376,003

• 25 · Other liabilities

  beginning of year $962,859 · end of year $4,747,411

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $32,850,999 · end of year $47,005,731

• 31 · Retained earnings, endowment or other funds

  beginning of year $6,396,197 · end of year $356,870

The filer's explanations (Part III)

PART I, LINE 3

QUARTZ HEALTH PLAN CORPORATION RELIED ON A RELATED ORGANIZATION, QUARTZ HEALTH SOLUTIONS, INC., THAT USED METHODS DESCRIBED BELOW TO ESTABLISH THE TOP MANAGEMENT OFFICIALS' COMPENSATION. - COMPENSATION SURVEY OR STUDY - INDEPENDENT COMPENSATION CONSULTANT - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINES 4A-B

PART I, LINE 4A: SOME EMPLOYEES RECEIVED A SEVERANCE PAYMENT DURING THE CALENDER YEAR. THE TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT ARE AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST. PART I, LINE 4B: QUARTZ HEALTH SOLUTIONS, INC. INITIATED A NONQUALIFIED DEFERRED RETIREMENT PLAN IN 2019 AND STARTED FUNDING IN 2020. A NUMBER OF EMPLOYEES PARTICIPATED IN THE PLAN DURING THE YEAR. THE DEFERRED AMOUNT IS INCLUDED IN PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN C AND THE VESTED AMOUNT IS INCLUDED IN PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN B(III). THE TERMS AND CONDITIONS OF THE CONFIDENTIAL AGREEMENTS ARE AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST. THE AMOUNT PAID TO JAMES L. HIVELEY DURING 2023 WAS $150,308. THERE WERE NO AMOUNTS PAID OUT TO ANY OTHER PARTICIPANTS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• QUARTZ HEALTH BENEFIT PLANS CORPORATION

  C · HEALTH MAINTENANCE ORGANIZATION · WI

• QUARTZ HOLDING COMPANY

  C · HOLDING COMPANY · WI

• QUARTZ HEALTH SOLUTIONS INC

  C · TPA · WI

• QUARTZ HEALTH INSURANCE CORPORATION

  C · INDEMNITY CORPORATION · WI