Skip to content
Nonprofiteer
← MEDICA HOLDING COMPANY

Form 990 for tax year 2023

Filed by MEDICA HOLDING COMPANY.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 5 March 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$22,445,270
Total expenses
$13,956,522
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$22,445,270
Other revenue
$0
Total assets, end of year
$468,669,723
Total liabilities, end of year
$153,000
Net assets or fund balances, end of year
$468,516,723
Program services expenses (Part IX)
$0
Management and general expenses
$13,956,522
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $22,445,270 · excluded $22,445,270

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $641,296 · management and general $641,296

  • 20 · Interest

    total $321,736 · management and general $321,736

  • 24a · Other expenses: MEMBERSHIP GUARANTEE

    total $12,993,490 · management and general $12,993,490

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $122,250,106 · end of year $16,000,045

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $178,390,303 · end of year $183,860,120

  • 12 · Investments: other securities

    beginning of year $11,636,573 · end of year $347,214

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $290,599,588 · end of year $268,462,344

  • 17 · Accounts payable and accrued expenses

    beginning of year $153,000 · end of year $153,000

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $108,280,048 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $494,443,522 · end of year $468,516,723

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

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

  • MEDICA HOLDING COMPANY IS THE HOLDING COMPANY FOR ALL OF THE MEDICA ENTITIES. THE GOAL OF MEDICA IS TO BE THE TRUSTED HEALTH PLAN OF CHOICE FOR CUSTOMERS, MEMBERS, PARTNERS, OUR EMPLOYEES.

As filed on the 2023 return.

Listed in Part VII

  • John Naylor

    PRESIDENT & CEO (THRU 9/23)

    Total calculated
    $2,605,686
    From this org
    $0
    From related orgs
    $2,577,014
    Other
    $28,672
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $745,040 related
    Bonus
    $0 + $1,498,719 related
    Other
    $0 + $333,255 related
    Deferred
    $0 + $10,532 related
    Nontaxable benefits
    $0 + $18,140 related
    Filer's total
    $0 + $2,605,686 related

  • John Buck

    DIRECTOR & CHAIR

    Total calculated
    $163,750
    From this org
    $0
    From related orgs
    $163,750
    Other
    $0
    Hours/week
    0 + 15 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $163,750 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $163,750 related

  • Samuel Leon

    DIRECTOR

    Total calculated
    $100,250
    From this org
    $0
    From related orgs
    $100,250
    Other
    $0
    Hours/week
    0 + 10 related

  • John Stanoch

    DIRECTOR & VICE CHAIR

    Total calculated
    $121,250
    From this org
    $0
    From related orgs
    $121,250
    Other
    $0
    Hours/week
    0 + 10 related

  • Mary Twinem

    DIRECTOR

    Total calculated
    $111,000
    From this org
    $0
    From related orgs
    $111,000
    Other
    $0
    Hours/week
    0 + 10 related

  • Gaye Adams Massey

    DIRECTOR

    Total calculated
    $95,000
    From this org
    $0
    From related orgs
    $95,000
    Other
    $0
    Hours/week
    0 + 10 related

  • Rajesh Aggarwal

    DIRECTOR

    Total calculated
    $119,750
    From this org
    $0
    From related orgs
    $119,750
    Other
    $0
    Hours/week
    0 + 10 related

  • Brigid Bonner

    DIRECTOR

    Total calculated
    $108,000
    From this org
    $0
    From related orgs
    $108,000
    Other
    $0
    Hours/week
    0 + 10 related

  • Peter Kelley

    DIRECTOR

    Total calculated
    $112,500
    From this org
    $0
    From related orgs
    $112,500
    Other
    $0
    Hours/week
    0 + 10 related

  • Earl Stratton

    DIRECTOR

    Total calculated
    $114,750
    From this org
    $0
    From related orgs
    $114,750
    Other
    $0
    Hours/week
    0 + 10 related

  • David H Ellenbogen

    SVP SEC & GEN COUNSEL (THRU 12/23)

    Total calculated
    $818,602
    From this org
    $0
    From related orgs
    $773,584
    Other
    $45,018
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $407,024 related
    Bonus
    $0 + $249,087 related
    Other
    $0 + $117,473 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $31,818 related
    Filer's total
    $0 + $818,602 related

  • Elizabeth F Erickson

    PRESIDENT & CEO & CFO

    Total calculated
    $1,242,128
    From this org
    $0
    From related orgs
    $1,203,089
    Other
    $39,039
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,530 related
    Bonus
    $0 + $600,051 related
    Other
    $0 + $115,508 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $25,839 related
    Filer's total
    $0 + $1,242,128 related

  • Mark L Baird

    FORMER SVP & CFO

    Total calculated
    $552,044
    From this org
    $0
    From related orgs
    $552,044
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $329,888 related
    Other
    $0 + $222,156 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $552,044 related

  • James Jacobson

    FORMER SVP SEC & GEN COUNSEL

    Total calculated
    $448,077
    From this org
    $0
    From related orgs
    $448,077
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $129,138 related
    Other
    $0 + $318,939 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $448,077 related

  • Mary P Quist

    TREASURER/INTERIM CFO

    Total calculated
    $857,958
    From this org
    $0
    From related orgs
    $808,429
    Other
    $49,529
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,386 related
    Bonus
    $0 + $349,158 related
    Other
    $0 + $116,885 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $36,329 related
    Filer's total
    $0 + $857,958 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
MEDICA HOLDING COMPANY, THE FILING ORGANIZATION, DOES NOT PAY COMPENSATION. ALL COMPENSATION IS PAID BY MEDICA SERVICES COMPANY, A RELATED ORGANIZATION. WHEN ESTABLISHING COMPENSATION, MEDICA SERVICES COMPANY USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 6
MANAGEMENT INCENTIVE COMPENSATION INCLUDES COMPONENTS RELATED TO THE ORGANIZATION'S OPERATING EARNINGS.
PART-I LINE-4B
THE FOLLOWING RECEIVED A SUPPLEMENT NONQUALIFIED RETIREMENT PLAN PAYMENT FROM MEDICA SERVICES COMPANY, A RELATED ORGANIZATION: MARK L. BAIRD - $32,279 JOHN W. NAYLOR - $212,534 DAVID H. ELLENBOGEN - $62,813 MARY P. QUIST - $65,748 JAMES P. JACOBSON - $91,442 ELIZABETH F. ERICKSON - $109,692

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MS COMMUNITY NFP JV LLC (MFCJVN)

    RELATED · HOLDING COMPANY · MN · 55% owned · share of assets $5,114,402

    Directly controlled by MHC

Related corporations and trusts

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

  • MEDICA SERVICES COMPANY

    C · ADMIN. SERVICES · MN

    Directly controlled by MAS

  • DEAN HEALTH SERVICES COMPANY LLC

    C · ADMIN. SERVICES · WI

    Directly controlled by MSCJV

  • DEAN HEALTH PLAN INC

    C · HEALTH INSURANCE · WI

    Directly controlled by DHI

  • DEAN HEALTH INSURANCE INC (DHI)

    C · HEALTH INSURANCE · WI

    Directly controlled by MSCJV

  • SSM HEALTH INSURANCE COMPANY

    C · HEALTH INSURANCE · MO

    Directly controlled by MSCJV

  • MEDICA REGIONAL INSURANCE COMPANY

    C · HEALTH INSURANCE · MN

    Directly controlled by MAS

  • MEDICA INSURANCE COMPANY

    C · HEALTH INSURANCE · MN

    Directly controlled by MAS

  • MEDICA HEALTH MANAGEMENT

    C · HEALTH MANAGEMENT · MN

    Directly controlled by MAS

  • MEDICA AFFILIATED SERVICES (MAS)

    C · HOLDING COMPANY · MN · 100% owned · controlled entity

    Directly controlled by MHC

  • MS COMMUNITY JV LLC (MSCJV)

    C · HOLDING COMPANY · MN

    Directly controlled by MHC

  • MEDICA SELF-INSURED

    C · THIRD PARTY ADMIN · MN

    Directly controlled by MAS

  • MMSI INC

    C · THIRD PARTY ADMIN · MN

    Directly controlled by MAS

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349317527

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.