Form 990 for tax year 2023
Filed by GROUP HEALTH CO-OPERATIVE OF EAU CLAIRE.
Totals
- Total revenue
- $248,607,350
- Total expenses
- $252,683,570
- Contributions and grants received
- $0
- Grants paid
- $5,706
- Program service revenue
- $246,203,225
- Investment income
- $2,404,125
- Other revenue
- $0
- Total assets, end of year
- $101,219,197
- Total liabilities, end of year
- $48,007,018
- Net assets or fund balances, end of year
- $53,212,179
- Program services expenses (Part IX)
- $228,673,757
- Management and general expenses
- $24,009,813
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $228,673,757
Program services were 90.5% 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.
-
2a · Program service revenue: MED & HOSP PREMIUM
total $230,277,906 · related or exempt $230,277,906
-
2b · Program service revenue: SSI & MA CAPITATION
total $15,925,319 · related or exempt $15,925,319
-
3 · Investment income
total $2,935,330 · excluded $2,935,330
-
7a · Gross sales of assets other than inventory
securities $16,875,552
-
7b · Less cost or other basis and sales expenses
securities $17,406,757
-
7c · Gain or loss
securities -$531,205
-
7d · Net gain or loss
total -$531,205 · excluded -$531,205
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,706 · program services $5,706
-
7 · Other salaries and wages
total $3,195,326 · program services $2,583,960 · management and general $611,366
-
8 · Pension plan contributions
total $80,433 · program services $65,245 · management and general $15,188
-
9 · Other employee benefits
total $2,664,719 · program services $2,426,756 · management and general $237,963
-
10 · Payroll taxes
total $229,761 · program services $187,100 · management and general $42,661
-
11a · Fees: management
total $20,235,241 · management and general $20,235,241
-
11b · Fees: legal
total $403,083 · management and general $403,083
-
11c · Fees: accounting
total $509,161 · program services $239,242 · management and general $269,919
-
11g · Fees: other
total $222,658,900 · program services $220,960,039 · management and general $1,698,861
-
12 · Advertising and promotion
total $146,166 · management and general $146,166
-
13 · Office expenses
total $197,093 · program services $45,661 · management and general $151,432
-
14 · Information technology
total $1,883,234 · program services $1,881,234 · management and general $2,000
-
16 · Occupancy
total $54,852 · program services $47,619 · management and general $7,233
-
17 · Travel
total $68 · program services $68
-
19 · Conferences, conventions and meetings
total $318,661 · program services $4,318 · management and general $314,343
-
22 · Depreciation, depletion and amortization
total $225,994 · program services $225,994
-
23 · Insurance
total $73,801 · management and general $73,801
-
24a · Other expenses: PCORI TAX EXPENSE
total $15,111 · management and general $15,111
-
24b · Other expenses: INCOME TAX EXPENSE
total -$221,905 · management and general -$221,905
-
24e · All other expenses
total $8,165 · program services $815 · management and general $7,350
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,138,835 · end of year $1,579,745
-
2 · Savings and temporary cash investments
beginning of year $86,665,802 · end of year $91,548,133
-
4 · Accounts receivable
beginning of year $5,890,857 · end of year $2,651,008
-
9 · Prepaid expenses and deferred charges
beginning of year $1,112,159 · end of year $1,211,807
-
10a · Land, buildings and equipment: cost or other basis
$2,115,647
-
10b · Land, buildings and equipment: accumulated depreciation
$520,883
-
10c · Land, buildings and equipment, net
beginning of year $385,758 · end of year $1,594,764
-
12 · Investments: other securities
beginning of year $1,561,465 · end of year $1,551,067
-
15 · Other assets
beginning of year $622,236 · end of year $1,082,673
-
17 · Accounts payable and accrued expenses
beginning of year $38,263,295 · end of year $47,158,903
-
25 · Other liabilities
beginning of year $1,092,231 · end of year $848,115
-
29 · Capital stock, trust principal or current funds
beginning of year $1,430 · end of year $1,430
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $1,001,422 · end of year $1,001,422
-
31 · Retained earnings, endowment or other funds
beginning of year $58,018,734 · end of year $52,209,327
Mission and programs · 2023
Mission
THE PURPOSE OF THIS ORGANIZATION SHALL BE TO PROVIDE: (A) A MEANS FOR SUBSCRIBERS TO SECURE FOR THEMSELVES, THEIR FAMILIES, AND THEIR DEPENDENTS COMPREHENSIVE PREPAID PREVENTATIVE AS WELL AS CURATIVE HEALTH CARE; (B) A MEANS TO EMPHASIZE DISEASE PREVENTION AND EARLY CARE; (C) INCENTIVES FOR HOLDING DOWN COSTS AND FOR INCREASING THE PRODUCTIVITY OF RESOURCES; (D) A MEANS TO IMPROVE BOTH THE QUALITY OF CARE AND ITS GEOGRAPHIC DISTRIBUTION.
Activities or mission (Part I)
OPTIMIZE HEALTHCARE OF MEMBERS THROUGH POOLING OF HEALTH-RELATED RESOURCES.
-
THE COOPERATIVE OFFERS INSURANCE COVERAGE FOR COMMERCIAL, MEDICAID AND SSI MEMBERS. IN 2023, THE COOPERATIVE HAD APPROXIMATELY 181,127 COMMERCIAL MEMBER MONTHS, 667,274 MEDICAID MEMBER MONTHS, 40,098 SSI MEMBER MONTHS AND 10 MEDICARE MEMBER MONTHS. ALONG WITH INSURANCE COVERAGE, THE COOPERATIVE ALSO HELPS MEMBERS WITH MEDICAL MANAGEMENT AND COORDINATION OF CARE.
Expenses $228,673,757 · Grants $5,706 · Revenue $246,203,225
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert LeeROBERT LEE
ASSISTANT MEDICAL DIRECTOR
- Total calculated
- $250,196
- From this org
- $238,746
- From related orgs
- $0
- Other
- $11,450
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $238,346
- Bonus
- $400
- Other
- $0
- Deferred
- $7,252
- Nontaxable benefits
- $4,198
- Filer's total
- $250,196
-
Dakota T RauDAKOTA T RAU
PHARMACIST
- Total calculated
- $147,047
- From this org
- $130,846
- From related orgs
- $0
- Other
- $16,201
- Hours/week
- 40
-
Sarah NorthSARAH NORTH
GENERAL MANAGER AND CEO
- Total calculated
- $0
- Hours/week
- 40
-
Bob TannerBOB TANNER
CHIEF FINANCIAL OFFICER
- Total calculated
- $0
- Hours/week
- 40
-
Jeffrey BoweJEFFREY BOWE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
Douglas HofferDOUGLAS HOFFER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Tyler FadnessTYLER FADNESS
FIRST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Brian LannersBRIAN LANNERS
SECOND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Corrissa WolniakCORRISSA WOLNIAK
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3
-
Kenneth AnibasKENNETH ANIBAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Georgia CrownhartGEORGIA CROWNHART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Susan MarcottSUSAN MARCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Michael McHorneyMICHAEL MCHORNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Debra StantonDEBRA STANTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Derek ThomasDEREK THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Matthew ThompsonMATTHEW THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442849349300044
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