Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: DENTAL SERVICES

  total $706,750,976 · related or exempt $706,750,976

• 3 · Investment income

  total $3,030,437 · excluded $3,030,437

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $560,141 · other assets $0

• 7c · Gain or loss

  securities $560,141 · other assets $0

• 7d · Net gain or loss

  total $560,141 · excluded $560,141

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: INVESTMENT IN SUBSIDIARY

  total -$45,589,666 · related or exempt -$45,589,666

• 11b · Other revenue: MISC. INCOME

  total $6,858 · related or exempt $6,858

• 11e · Other revenue, total

  -$45,582,808

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $633,007,292 · program services $633,007,292

• 5 · Compensation of officers, directors and key employees

  total $16,705,062 · management and general $16,705,062

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $8,285,020 · management and general $8,285,020

• 8 · Pension plan contributions

  total $497,909 · management and general $497,909

• 9 · Other employee benefits

  total $1,646,693 · management and general $1,646,693

• 10 · Payroll taxes

  total $817,509 · management and general $817,509

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total -$68,779 · management and general -$68,779

• 11c · Fees: accounting

  total $147,417 · management and general $147,417

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $76,068 · management and general $76,068

• 11g · Fees: other

  total $353,567 · management and general $353,567

• 12 · Advertising and promotion

  total $213,687 · management and general $213,687

• 13 · Office expenses

  total $532,824 · management and general $532,824

• 14 · Information technology

  total $242,542 · management and general $242,542

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $2,040,733 · management and general $2,040,733

• 17 · Travel

  total $20,471 · management and general $20,471

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $23,556,267 · management and general $23,556,267

• 22 · Depreciation, depletion and amortization

  total $33,068 · management and general $33,068

• 23 · Insurance

  total $0

• 24a · Other expenses: COMMISSIONS AND BROKER FEES

  total $4,379,539 · management and general $4,379,539

• 24b · Other expenses: LICENSES AND FEES

  total $1,599,700 · management and general $1,599,700

• 24c · Other expenses: BOARDS AND ASSOCIATIONS

  total $730,872 · management and general $730,872

• 24d · Other expenses: INTERPRETING

  total $855,979 · management and general $855,979

• 24e · All other expenses

  total $146,130 · management and general $146,130

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $35,612,959 · end of year $28,451,334

• 2 · Savings and temporary cash investments

  beginning of year $349,145 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $8,845,932 · end of year $15,336,372

• 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 $89,827 · end of year $137,630

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

  $396,820

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

  $396,820

• 10c · Land, buildings and equipment, net

  beginning of year $33,069 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $49,673,461 · end of year $53,045,892

• 12 · Investments: other securities

  beginning of year $294,071,471 · end of year $268,146,741

• 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 $197,763 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $32,251,446 · end of year $36,433,052

• 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 $14,942,075 · end of year $16,573,610

• 29 · Capital stock, trust principal or current funds

  beginning of year $30,000 · end of year $30,000

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $21,566,951 · end of year $21,566,951

• 31 · Retained earnings, endowment or other funds

  beginning of year $320,083,155 · end of year $290,514,356

The filer's explanations (Part III)

Part I, Line 1

With respect to the items checked in Question 1a, the organization does not have a written policy regarding reimbursement/payment. Expenses for first-class air travel are incurred from time to time when there is a legitimate business need. Such analysis is made on a case by case basis based on the facts and circumstances in question. It is not, for example, a policy of the organization to purchase first-class air tickets. On occasion, however, scheduling constraints or ticket availability may mean that it is in the best interest of the organization to incur the additional expense. Travel benefits are not treated as taxable compensation. Expenses for personal services relate to financial planning and include tax return preparation. Three officers, four key employees, and four highest compensated employees received these benefits. Personal services are treated as taxable compensation.

Part I, Line 4b

Supplemental Executive Retirement Account Program: Through the related organization Moda Partners, Inc. (FEIN 93-1083363), the Company's Supplemental Executive Retirement Account Program covers certain key employees and consists of two nonqualified defined contribution retirement plans in which eligibility is based on years of service as an executive level employee. Both plans are designed to be paid at or after retirement or other qualifying separation from service (e.g., death or disability). Deferred Compensation Plans: Through the related organization Moda Partners, Inc. (FEIN 93-1083363), the Company offers a nonqualified Deferred Compensation Plan to certain employees and to members of the Board of Directors of the company. The Employee Plan includes a Supplemental Benefit Schedule that provides for a company match, up to specified limits based on the level/rank of the employee, on amount of salary deferred by participants. Matched amounts are paid out along with each individual's salary deferrals based on elections made under the Plan. Defined Contribution Supplemental Executive Incentive Plan: The Company's Defined Contribution Supplemental Executive Incentive Plan covers its Chief Executive Officer and consists of a nonqualified defined contribution retirement plan in which vesting is based on the employment of the participant in the capacity as Chief Executive Officer on pre-defined calendar dates as well as certain other contingencies. The Plan is designed to be paid at or after retirement or other qualifying separation from service (e.g., death or disability). No payments were made during 2024.

Part II

All employees are legal employees of Moda Partners, Inc. (FEIN 93-1083363), which files all required federal employment forms each year.

Related partnerships

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

• Ardon Health Holding LLC

  N/A · Pharmaceuticals · CA

  Directly controlled by NA

Related corporations and trusts

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

• Moda Partners Inc

  C · Holding Co · OR · 100% owned · share of income $23,770,779 · share of assets $507,256,758 · controlled entity

  Directly controlled by Moda Holdings G

• Moda Health Plan Inc

  C · Insurance · OR · 100% owned · share of income -$34,471,307 · share of assets $550,832,680 · controlled entity

  Directly controlled by Moda Holdings G

• Benefithelp Solutions Inc

  C · Admin Services · OR · 100% owned · share of income -$382,387 · share of assets $1,918,919 · controlled entity

  Directly controlled by Moda Holdings G

• ODS Community Health Inc

  C · Medicaid Ins. · OR · 100% owned · share of income $21,745,017 · share of assets $21,745,017 · controlled entity

  Directly controlled by Moda Holdings G

• Dentists Management Corporation

  C · Dev & Mkt Ser · OR · 100% owned · share of income -$198,268 · share of assets $446,189 · controlled entity

  Directly controlled by Moda Holdings G

• Payless Drug Stores Inc

  C · Pharm. Serv · OR · 100% owned · share of income $10,003,685 · share of assets $68,793,920 · controlled entity

  Directly controlled by Moda Holdings G

• Moda Holdings Group Inc

  C · Holding Co · OR · 100% owned · share of income -$1,509,384 · share of assets $338,965,833 · controlled entity

  Directly controlled by Oregon Dental S

• Moda Assurance Company

  C · Insurance · OR · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by Moda Holdings G

• Dental Commerce Corporation

  C · Consumer Lend · OR · 70% owned · share of income -$85,733 · share of assets $5,780,824 · controlled entity

  Directly controlled by Moda PartnersI

• Summit Health Plan Inc

  C · Insurance · OR · 51.71% owned · share of income -$9,852,824 · share of assets $12,236,548 · controlled entity

  Directly controlled by Moda PartnersI