Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $530

• 1e · Government grants (contributions)

  $1,105,563

• 1f · All other contributions, gifts and grants

  $209,356

• 2a · Program service revenue: MEDI-CAL PREMIUMS EARNED

  total $183,547,266 · related or exempt $183,547,266

• 2b · Program service revenue: MEDICARE PREMIUMS EARNED

  total $63,903,022 · related or exempt $63,903,022

• 2c · Program service revenue: SERVICE INCOME - RELATED ORGS

  total $3,061,165 · related or exempt $3,061,165

• 2d · Program service revenue: PREMIUMS FROM PARTICIPANTS

  total $958,633 · related or exempt $958,633

• 2e · Program service revenue: RENTAL INCOME - RELATED ORGS

  total $369,437 · related or exempt $369,437

• 3 · Investment income

  total $3,544,342 · excluded $3,544,342

• 7a · Gross sales of assets other than inventory

  securities $36,162,707

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

  securities $32,955,225 · other assets $30,455

• 7c · Gain or loss

  securities $3,207,482 · other assets -$30,455

• 7d · Net gain or loss

  total $3,177,027 · excluded $3,177,027

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $44,809 · excluded $44,809

• 11e · Other revenue, total

  $44,809

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,877 · program services $10,877

• 5 · Compensation of officers, directors and key employees

  total $1,746,668 · program services $1,295,809 · management and general $450,859

• 7 · Other salaries and wages

  total $90,164,790 · program services $81,086,891 · management and general $9,077,899

• 8 · Pension plan contributions

  total $2,324,198 · program services $2,066,239 · management and general $257,959

• 9 · Other employee benefits

  total $14,350,496 · program services $13,031,257 · management and general $1,319,239

• 10 · Payroll taxes

  total $6,482,077 · program services $5,839,461 · management and general $642,616

• 11b · Fees: legal

  total $54,974 · program services $18,017 · management and general $36,957

• 11c · Fees: accounting

  total $70,040 · management and general $70,040

• 11f · Fees: investment management

  total $488,098 · management and general $488,098

• 11g · Fees: other

  total $94,657,527 · program services $86,974,023 · management and general $7,683,504

• 12 · Advertising and promotion

  total $4,029 · management and general $4,029

• 13 · Office expenses

  total $5,586,164 · program services $5,149,782 · management and general $436,382

• 14 · Information technology

  total $855,542 · program services $636,738 · management and general $218,804

• 16 · Occupancy

  total $5,237,139 · program services $4,698,810 · management and general $538,329

• 17 · Travel

  total $912,402 · program services $857,003 · management and general $55,399

• 19 · Conferences, conventions and meetings

  total $144,274 · program services $128,266 · management and general $16,008

• 20 · Interest

  total $927,724 · program services $864,085 · management and general $63,639

• 22 · Depreciation, depletion and amortization

  total $3,046,266 · program services $2,941,378 · management and general $104,888

• 23 · Insurance

  total $1,406,274 · program services $1,280,098 · management and general $126,176

• 24a · Other expenses: PRESCRIPTIONS

  total $17,055,814 · program services $17,055,814 · management and general $0

• 24b · Other expenses: MEDICAL SUPPLIES

  total $1,422,745 · program services $1,422,745

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $955,175 · program services $933,766 · management and general $21,409

• 24d · Other expenses: SUBSCRIPTIONS & BOOKS

  total $193,551 · program services $155,301 · management and general $38,250

• 24e · All other expenses

  total $3,340,659 · program services $1,534,760 · management and general $1,805,899

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $843 · end of year $843

• 2 · Savings and temporary cash investments

  beginning of year $13,059,954 · end of year $4,660,334

• 3 · Pledges and grants receivable

  beginning of year $287,766 · end of year $225,280

• 4 · Accounts receivable

  beginning of year $18,693,666 · end of year $24,646,114

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,539,665 · end of year $3,900,384

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

  $76,784,433

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

  $28,358,086

• 10c · Land, buildings and equipment, net

  beginning of year $44,028,734 · end of year $48,426,347

• 11 · Investments: publicly traded securities

  beginning of year $102,635,187 · end of year $130,652,627

• 12 · Investments: other securities

  beginning of year $19,222,475 · end of year $20,914,824

• 15 · Other assets

  beginning of year $8,052,823 · end of year $43,128,581

• 17 · Accounts payable and accrued expenses

  beginning of year $17,929,532 · end of year $20,862,733

• 19 · Deferred revenue

  beginning of year $5,311,747 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $26,779,283 · end of year $77,967,290

• 25 · Other liabilities

  beginning of year $10,938,420 · end of year $12,600,046

• 27 · Net assets without donor restrictions

  beginning of year $145,154,355 · end of year $161,869,014

• 28 · Net assets with donor restrictions

  beginning of year $3,407,776 · end of year $3,256,251

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S CEO IS COMPENSATED BY ON LOK, INC., A RELATED ORGANIZATION. ON LOK, INC. UTILIZES THE FOLLOWING METHODS TO DETERMINE COMPENSATION OF THE CEO: INDEPENDENT COMPENSATION CONSULTANT; APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

PART I, LINE 7

ON LOK'S SENIOR LEADERS ARE ELIGIBLE FOR AN ANNUAL INCENTIVE REWARD. THE REASONABLENESS AND APPROPRIATENESS OF THE ANNUAL INCENTIVE PLAN DESIGN AND SPECIFIC GOALS AND REWARDS ARE ASSESSED BY THE EXECUTIVE COMMITTEE OF THE BOARD EACH YEAR. THE INCENTIVE PLAN, WHICH IS ALIGNED WITH THE ORGANIZATION'S FISCAL YEAR, HAS SPECIFIED ORGANIZATIONAL AND INDIVIDUAL GOALS LINKED TO THE ANNUAL BUSINESS, WITH FINANCIAL PLANS AND PREDEFINED FINANCIAL REWARD OPPORTUNITIES SET FOR EACH GOAL. A MINIMUM, TARGET, AND MAXIMUM INCENTIVE REWARD OPPORTUNITY IS ESTABLISHED FOR EACH SENIOR LEADER. FOR THE CEO AND CFO, THE EXECUTIVE COMMITTEE OF THE BOARD SETS THE GOALS AND RELATED GOAL WEIGHTS AT THE BEGINNING OF THE FISCAL YEAR, AND DETERMINES THE APPROVED DEGREE OF GOAL ATTAINMENT AND RELATED REWARD EARNED AT FISCAL YEAR-END. THE CEO FOLLOWS THE SAME PROCESS FOR HER DIRECT REPORTS AND SHARES HER FINAL DECISIONS WITH THE EXECUTIVE COMMITTEE.