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Nonprofiteer
← MONTANA HEALTH COOPERATIVE

Form 990 for tax year 2022

Filed by MONTANA HEALTH COOPERATIVE.

Totals

Total revenue
$285,775,835
Total expenses
$286,126,139
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$289,112,381
Investment income
-$3,348,170
Other revenue
$11,624
Total assets, end of year
$154,017,085
Total liabilities, end of year
$70,649,356
Net assets or fund balances, end of year
$83,367,729
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: INSURANCE PREMIUM INCOME

    total $271,733,454 · related or exempt $271,733,454

  • 2b · Program service revenue: REINSURANCE RECOVERIES

    total $17,378,927 · related or exempt $17,378,927

  • 3 · Investment income

    total $2,694,613 · related or exempt $2,694,613

  • 7a · Gross sales of assets other than inventory

    securities $47,138,990

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

    securities $53,181,773

  • 7c · Gain or loss

    securities -$6,042,783

  • 7d · Net gain or loss

    total -$6,042,783 · related or exempt -$6,042,783

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $11,624 · related or exempt $11,624

  • 11e · Other revenue, total

    $11,624

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,781,126

  • 7 · Other salaries and wages

    total $2,463,625

  • 8 · Pension plan contributions

    total $133,845

  • 9 · Other employee benefits

    total $320,070

  • 10 · Payroll taxes

    total $286,037

  • 11b · Fees: legal

    total $311,808

  • 11c · Fees: accounting

    total $98,575

  • 11f · Fees: investment management

    total $5,000

  • 11g · Fees: other

    total $15,509,174

  • 12 · Advertising and promotion

    total $883,293

  • 13 · Office expenses

    total $342,591

  • 14 · Information technology

    total $318,676

  • 16 · Occupancy

    total $252,219

  • 17 · Travel

    total $109,938

  • 19 · Conferences, conventions and meetings

    total $5,805

  • 22 · Depreciation, depletion and amortization

    total $3,289

  • 23 · Insurance

    total $155,014

  • 24a · Other expenses: CLAIMS

    total $245,141,113

  • 24b · Other expenses: CLAIMS ADJUSTMENT EXPEN

    total $8,381,245

  • 24c · Other expenses: AGENT COMMISSIONS

    total $4,479,850

  • 24d · Other expenses: REINSURANCE PREMIUM PAY

    total $4,319,888

  • 24e · All other expenses

    total $823,958

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $520,962 · end of year $2,066,311

  • 2 · Savings and temporary cash investments

    beginning of year $18,871,164 · end of year $24,383,204

  • 4 · Accounts receivable

    beginning of year $13,137,945 · end of year $22,683,489

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

    $1,207,541

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

    $304,772

  • 10c · Land, buildings and equipment, net

    beginning of year $913,681 · end of year $902,769

  • 12 · Investments: other securities

    beginning of year $128,091,211 · end of year $103,981,312

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,589,346 · end of year $70,649,356

  • 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 $76,463,200 · end of year $76,463,200

  • 31 · Retained earnings, endowment or other funds

    beginning of year $25,482,417 · end of year $6,904,529

Mission and programs · 2022

Mission

THE ORGANIZATION OFFERS TRUE NON-PROFIT MEMBER GOVERNED HEALTH INSURANCE THAT PROMOTES MEMBER ENGAGEMENT AND PROVIDES ACCESS TO HIGH QUALITY HEALTH CARE.

  • THE ORGANIZATION'S LARGEST PROGRAM SERVICE ACCOMPLISHMENT IS THE SALE OF INSURANCE WHILE SUPPORTING THEIR MEMBERS AND ADHERING TO FEDERAL AND STATE GUIDELINES AS REQUIRED UNDER THE ORGANIZATION STRUCTURE. THIS INCLUDES MEDICARE SUPPLEMENT POLICY SALES.

As filed on the 2022 return.

Listed in Part VII

  • Raymond Rogers

    CHAIR

    Total calculated
    $18,400
    From this org
    $18,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Maureen O'Keeffe-Wing

    VICE CHAIR

    Total calculated
    $8,900
    From this org
    $8,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael McMurray

    TREASURER

    Total calculated
    $9,650
    From this org
    $9,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lisa Ballard

    SECRETARY

    Total calculated
    $9,650
    From this org
    $9,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joan Miles

    IMMEDIATE PAST CHAIR

    Total calculated
    $12,500
    From this org
    $12,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tom Bassler

    DIRECTOR

    Total calculated
    $11,000
    From this org
    $11,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Liesel Brink

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Christina Goe

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Thomas Gooch

    DIRECTOR

    Total calculated
    $12,050
    From this org
    $12,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Patty Hamblock

    DIRECTOR

    Total calculated
    $9,560
    From this org
    $9,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Nolan Hill

    DIRECTOR

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rebecca Lafond

    DIRECTOR

    Total calculated
    $12,500
    From this org
    $12,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • T Chris Muirhead

    DIRECTOR

    Total calculated
    $9,400
    From this org
    $9,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark Reinsel

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeremy Johnson

    DIRECTOR

    Total calculated
    $9,750
    From this org
    $9,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tara Beam

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard Miltenberger

    CEO

    Total calculated
    $429,130
    From this org
    $390,227
    From related orgs
    $0
    Other
    $38,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,155
    Bonus
    $86,072
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $20,603
    Filer's total
    $429,130

  • David Slonaker

    CFO

    Total calculated
    $240,668
    From this org
    $211,955
    From related orgs
    $0
    Other
    $28,713
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,468
    Bonus
    $50,487
    Other
    $0
    Deferred
    $11,567
    Nontaxable benefits
    $17,146
    Filer's total
    $240,668

  • Blair Fjeseth

    COS

    Total calculated
    $224,275
    From this org
    $204,631
    From related orgs
    $0
    Other
    $19,644
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,423
    Bonus
    $25,208
    Other
    $0
    Deferred
    $12,278
    Nontaxable benefits
    $7,366
    Filer's total
    $224,275

  • Ronda McMillan

    CEAO

    Total calculated
    $282,409
    From this org
    $265,893
    From related orgs
    $0
    Other
    $16,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,212
    Bonus
    $60,681
    Other
    $0
    Deferred
    $15,954
    Nontaxable benefits
    $562
    Filer's total
    $282,409

  • Jeffrey Swingley

    VP SALES

    Total calculated
    $236,899
    From this org
    $227,873
    From related orgs
    $0
    Other
    $9,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,390
    Bonus
    $102,483
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,026
    Filer's total
    $236,899

  • Greg Sonnenberg

    VP-ID OPS

    Total calculated
    $207,185
    From this org
    $185,667
    From related orgs
    $0
    Other
    $21,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,890
    Bonus
    $25,777
    Other
    $0
    Deferred
    $11,140
    Nontaxable benefits
    $10,378
    Filer's total
    $207,185

  • Hillary Galyean

    VPCS

    Total calculated
    $158,338
    From this org
    $137,949
    From related orgs
    $0
    Other
    $20,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,087
    Bonus
    $24,862
    Other
    $0
    Deferred
    $7,535
    Nontaxable benefits
    $12,854
    Filer's total
    $158,338

  • Melissa McVaugh

    DIRECTOR CLINICAL PROGRAM

    Total calculated
    $203,850
    From this org
    $178,786
    From related orgs
    $0
    Other
    $25,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,890
    Bonus
    $25,896
    Other
    $0
    Deferred
    $10,021
    Nontaxable benefits
    $15,043
    Filer's total
    $203,850

  • Peggy Worley

    CONTROLLER

    Total calculated
    $174,398
    From this org
    $150,554
    From related orgs
    $0
    Other
    $23,844
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,131
    Bonus
    $20,423
    Other
    $0
    Deferred
    $9,033
    Nontaxable benefits
    $14,811
    Filer's total
    $174,398

  • Morris McGaugh

    DIRECTOR PROVIDER NETWORK

    Total calculated
    $140,313
    From this org
    $123,606
    From related orgs
    $0
    Other
    $16,707
    Hours/week
    40

  • Leah Martin

    ASSISTANT VICE PRESIDENT

    Total calculated
    $139,322
    From this org
    $109,145
    From related orgs
    $0
    Other
    $30,177
    Hours/week
    40

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 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related 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
CEO COMPENSATION IS REVIEWED ANNUALLY BY THE MONTANA HEALTH CO-OP COMPENSATION COMMITTEE.
PART I, LINES 4A-B
SEVERANCE PAYMENTS TOTALING $107,400 WERE ACCRUED IN 2022 FOR RONDA MCMILLAN. THE SEVERANCE WAS PAID IN 2023. DAVID SLONAKER, RICHARD MILTENBERGER, AND BLAIR FJESETH PARTICIPATED IN A 457(F) PLAN DURING THE YEAR. NO PAYMENTS WERE MADE TO THE PARTICIPANTS DURING THE YEAR.
PART I, LINE 6
THE ORGANIZATION HAS AN EMPLOYEE INCENTIVE PROGRAM WITH A COMPONENT OF THE INCENTIVE/COMPENSATION BASED ON THE UNDERWRITING GAINS OF THE COMPANY.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202313079349302501

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