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← ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS

Form 990 for tax year 2024

Filed by ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS.

Totals

Total revenue
$2,784,206
Total expenses
$4,525,315
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,525,088
Investment income
-$1,740,882
Other revenue
$0
Total assets, end of year
$318,438,182
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$318,438,182
Program services expenses (Part IX)
$4,072,783
Management and general expenses
$452,532
Fundraising expenses
$0
Program service expenses (Part III)
$4,072,783

Program services were 90.0% 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.

  • 2a · Program service revenue: SERVICE FEES

    total $4,525,088 · related or exempt $4,525,088

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total -$1,740,882 · excluded -$1,740,882

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $227 · program services $204 · management and general $23

  • 24a · Other expenses: Shared Savings Expense

    total $4,525,088 · program services $4,072,579 · management and general $452,509

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,973 · end of year $9,864

  • 4 · Accounts receivable

    end of year $4,375

  • 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

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $66,449,169 · end of year $29,964,104

  • 13 · Investments: program-related

    beginning of year $265,796,581 · end of year $288,459,839

  • 15 · Other assets

    beginning of year $7,407,505 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,841 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $7,409,217 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $332,171,170 · end of year $318,438,182

Mission and programs · 2024

Mission

OUR HEALTH MINISTRY IS DEDICATED TO THE CATHOLIC TRADITION OF SPIRITUALLY-CENTERED, HOLISTIC CARE AND WORKING WITH AFFILIATES TO MEET THE HEALTHCARE NEEDS OF LARGE POPULATIONS.

Activities or mission (Part I)

ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS IS A CATHOLIC HEALTH MINISTRY DEDICATED TO IMPROVING THE HEALTH OF INDIVIDUALS AND COMMUNITIES.

  • THE CATHOLIC RELIGIOUS COMMUNITIES AND HEALTH MINISTRIES WHICH FORMED ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS AND WHOSE CHARITABLE MISSIONS ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS CONTINUES TO SUPPORT HAVE CHARGED THE ORGANIZATION WITH FURTHERING THEIR MISSIONS OF SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS OPERATED IN TEN STATES AND CREATES CUSTOMIZED HEALTHCARE SOLUTIONS FOR HEALTH SYSTEMS, PAYERS AND EMPLOYERS THAT STABILIZE COSTS, IMPROVE OUTCOMES AND ENHANCE THE EXPERIENCE FOR BOTH PROVIDERS AND INDIVIDUALS. OUR RANGE OF SERVICES STRIVE TO CREATE A SEAMLESS HEALTHCARE EXPERIENCE FOR PROVIDERS, PAYERS AND HEALTHCARE LEADERS BY IMPROVING ACCESS TO AND REMOVING COMPLEXITY FROM THE DELIVERY OF HEALTHCARE.

    Expenses $4,072,783 · Revenue $4,525,088

As filed on the 2024 return.

Listed in Part VII

  • ADAM S DURALL

    DIRECTOR (START 7/2024)/TREASURER (START 11/2024)

    Total calculated
    $428,433
    From this org
    $0
    From related orgs
    $376,832
    Other
    $51,601
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,074 related
    Bonus
    $0 + $119,351 related
    Other
    $0 + $2,407 related
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $32,626 related
    Filer's total
    $0 + $428,433 related

  • HOLLIS DORSEY MEIDL

    PRESIDENT

    Total calculated
    $1,332,313
    From this org
    $0
    From related orgs
    $1,282,379
    Other
    $49,934
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,886 related
    Bonus
    $0 + $774,000 related
    Other
    $0 + $94,493 related
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $30,959 related
    Filer's total
    $0 + $1,332,313 related

  • CHRISTINE K MCCOY JD

    DIRECTOR

    Total calculated
    $5,287,112
    From this org
    $0
    From related orgs
    $4,901,128
    Other
    $385,984
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $926,028 related
    Bonus
    $0 + $2,800,000 related
    Other
    $0 + $1,175,100 related
    Deferred
    $0 + $334,425 related
    Nontaxable benefits
    $0 + $51,559 related
    Filer's total
    $0 + $5,287,112 related

  • JONATHAN SOHN

    DIRECTOR (END 6/2024)

    Total calculated
    $1,655,486
    From this org
    $0
    From related orgs
    $1,626,930
    Other
    $28,556
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,491 related
    Bonus
    $0 + $988,342 related
    Other
    $0 + $365,097 related
    Deferred
    $0 + $5,500 related
    Nontaxable benefits
    $0 + $23,056 related
    Filer's total
    $0 + $1,655,486 related

  • ELIZABETH C FOSHAGE CPA

    TREASURER (END 11/2024)

    Total calculated
    $4,978,540
    From this org
    $0
    From related orgs
    $4,931,407
    Other
    $47,133
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $925,456 related
    Bonus
    $0 + $3,600,000 related
    Other
    $0 + $405,951 related
    Deferred
    $0 + $22,425 related
    Nontaxable benefits
    $0 + $24,708 related
    Filer's total
    $0 + $4,978,540 related

  • MARY A MADICK

    SECRETARY

    Total calculated
    $1,144,172
    From this org
    $0
    From related orgs
    $1,106,205
    Other
    $37,967
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,995 related
    Bonus
    $0 + $552,000 related
    Other
    $0 + $99,210 related
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $18,992 related
    Filer's total
    $0 + $1,144,172 related

  • ADOLFO MIGUEL VALADEZ

    VP, CMO INSURANCE SERVICES

    Total calculated
    $1,022,704
    From this org
    $966,669
    From related orgs
    $0
    Other
    $56,035
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $433,001
    Bonus
    $452,959
    Other
    $80,709
    Deferred
    $17,250
    Nontaxable benefits
    $38,785
    Filer's total
    $1,022,704

  • ASHLEY FISHER

    ASSOCIATE VP, BUSINESS DEVELOPMENT

    Total calculated
    $409,094
    From this org
    $375,894
    From related orgs
    $0
    Other
    $33,200
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $256,751
    Bonus
    $116,865
    Other
    $2,278
    Deferred
    $18,975
    Nontaxable benefits
    $14,225
    Filer's total
    $409,094

  • KRISTEN COVER

    ASSOCIATE VP, BUSINESS DEVELOPMENT

    Total calculated
    $496,223
    From this org
    $453,107
    From related orgs
    $0
    Other
    $43,116
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $306,687
    Bonus
    $142,985
    Other
    $3,435
    Deferred
    $9,213
    Nontaxable benefits
    $33,903
    Filer's total
    $496,223

  • KYLE WELCH

    ASSOCIATE VP, BUSINESS DEVELOPMENT

    Total calculated
    $407,028
    From this org
    $375,568
    From related orgs
    $0
    Other
    $31,460
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $257,550
    Bonus
    $115,763
    Other
    $2,255
    Deferred
    $20,700
    Nontaxable benefits
    $10,760
    Filer's total
    $407,028

  • SARA JANE DAUGHERTY

    VP, INSURANCE SERVICES

    Total calculated
    $584,390
    From this org
    $559,275
    From related orgs
    $0
    Other
    $25,115
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $317,576
    Bonus
    $192,000
    Other
    $49,699
    Deferred
    $17,250
    Nontaxable benefits
    $7,865
    Filer's total
    $584,390

  • JOSEPH R IMPICCICHE JD MHA

    FORMER OFFICER (END 12/2019)

    Total calculated
    $14,086,474
    From this org
    $0
    From related orgs
    $14,013,862
    Other
    $72,612
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,989,529 related
    Bonus
    $0 + $10,878,750 related
    Other
    $0 + $1,145,583 related
    Deferred
    $0 + $22,425 related
    Nontaxable benefits
    $0 + $50,187 related
    Filer's total
    $0 + $14,086,474 related

  • MATTHEW A JAGGER

    FORMER OFFICER (END 12/2019)

    Total calculated
    $996,900
    From this org
    $0
    From related orgs
    $935,448
    Other
    $61,452
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,209 related
    Bonus
    $0 + $480,000 related
    Other
    $0 + $60,239 related
    Deferred
    $0 + $22,425 related
    Nontaxable benefits
    $0 + $39,027 related
    Filer's total
    $0 + $996,900 related

  • TIM MOORHEAD

    FORMER OFFICER (END 11/2022)

    Total calculated
    $372,146
    From this org
    $0
    From related orgs
    $367,908
    Other
    $4,238
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $367,908 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,238 related
    Filer's total
    $0 + $372,146 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
A RELATED ORGANIZATION OF THE FILING ORGANIZATION, USES ONE OR MORE OF THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PLEASE REFER TO THE FORM 990, PART VI, LINE 15A DISCLOSURE IN SCHEDULE O FOR ADDITIONAL DETAILS ON HOW COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED.
Schedule J, Part I, Line 4a Severance or change-of-control payment
THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS FROM THE ORGANIZATION OR A RELATED ORGANIZATION DURING THE CALENDAR YEAR 2024: TIM MOORHEAD - $365,385 JONATHAN SOHN - $264,423
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
ELIGIBLE EXECUTIVES PARTICIPATE IN A PROGRAM THAT PROVIDES FOR SUPPLEMENTAL RETIREMENT BENEFITS. THE PAYMENT OF BENEFITS UNDER THE PROGRAM, IF ANY, IS ENTIRELY DEPENDENT UPON THE FACTS AND CIRCUMSTANCES UNDER WHICH THE EXECUTIVE TERMINATES EMPLOYMENT WITH THE ORGANIZATION. BENEFITS UNDER THE PROGRAM ARE UNFUNDED AND NON-VESTED. DUE TO THE SUBSTANTIAL RISK OF FORFEITURE PROVISION, THERE IS NO GUARANTEE THAT THESE EXECUTIVES WILL EVER RECEIVE ANY BENEFIT UNDER THE PROGRAM. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. NO INDIVIDUALS RECEIVED CURRENT YEAR DISTRIBUTIONS.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202523219349320747

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