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Nonprofiteer
← HPMPT Sponsor Organization Inc

Form 990 for tax year 2023

Filed by HPMPT Sponsor Organization Inc.

Totals

Total revenue
$627,264
Total expenses
$593,190
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$614,307
Investment income
$12,957
Other revenue
$0
Total assets, end of year
$708,775
Total liabilities, end of year
$10,633
Net assets or fund balances, end of year
$698,142
Program services expenses (Part IX)
$365,697
Management and general expenses
$227,493
Fundraising expenses
$0
Program service expenses (Part III)
$365,697

Program services were 61.6% 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: Admin Outreach

    total $352,440 · related or exempt $352,440

  • 2b · Program service revenue: Service Fees

    total $257,928 · related or exempt $257,928

  • 2c · Program service revenue: Other Program Income

    total $3,939 · related or exempt $3,939

  • 3 · Investment income

    total $11,551 · excluded $11,551

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

    securities -$1,406

  • 7c · Gain or loss

    securities $1,406

  • 7d · Net gain or loss

    total $1,406 · excluded $1,406

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $304,740 · program services $219,438 · management and general $85,302

  • 7 · Other salaries and wages

    total $49,687 · program services $19,685 · management and general $30,002

  • 8 · Pension plan contributions

    total $14 · program services $14

  • 9 · Other employee benefits

    total $25,370 · management and general $25,370

  • 10 · Payroll taxes

    total $25,195 · program services $19,695 · management and general $5,500

  • 11c · Fees: accounting

    total $2,300 · management and general $2,300

  • 11f · Fees: investment management

    total $1,478 · management and general $1,478

  • 12 · Advertising and promotion

    total $13,258 · program services $13,258

  • 13 · Office expenses

    total $23,081 · program services $11,347 · management and general $11,734

  • 14 · Information technology

    total $103,693 · program services $77,015 · management and general $26,678

  • 16 · Occupancy

    total $1,600 · program services $800 · management and general $800

  • 17 · Travel

    total $19,595 · program services $4,445 · management and general $15,150

  • 22 · Depreciation, depletion and amortization

    total $1,823 · management and general $1,823

  • 23 · Insurance

    total $8,164 · management and general $8,164

  • 24e · All other expenses

    total $13,192 · management and general $13,192

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $231,135 · end of year $269,444

  • 4 · Accounts receivable

    beginning of year $20,928 · end of year $7,003

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,492 · end of year $6,678

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

    $10,747

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

    $6,625

  • 10c · Land, buildings and equipment, net

    beginning of year $4,353 · end of year $4,122

  • 11 · Investments: publicly traded securities

    beginning of year $388,033 · end of year $421,528

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,120 · end of year $10,633

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $638,821 · end of year $698,142

Mission and programs · 2023

Mission

To engage in sponsor activities for the Health Professions of Montana Plan & Trust, which provides an assortment of benefits to eligible employees and dependents of employers in the healthcare industry in Montana.

Activities or mission (Part I)

To sponsor the Health Professions of Montana Plan and Trust (The "HPMPT").

  • The sponsor activities performed for the Health Professions of Montana Plan and Trust included improvements and restatements for employer group subscriber agreements and adoption agreements. Other sponsor activities were for the purposes of marketing the plan to new employer groups.

    Expenses $365,697 · Revenue $614,307

As filed on the 2023 return.

Listed in Part VII

  • Timothy J McInnis MD

    President/Chairman

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • John O'Connor

    Secretary/Treasurer

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • Dale Mortenson MD

    Director

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Daniel D Zimmerman

    Vice President

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Orville Mann MD

    Director

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • John Bisges MD

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • Aimee Ameline DDS

    Director

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kandy Jenkins

    Executive Director

    Total calculated
    $158,970
    From this org
    $144,097
    From related orgs
    $0
    Other
    $14,873
    Hours/week
    3.75 + 33.75 related

    Schedule J breakdown matched by us

    Base
    $144,097
    Bonus
    $0
    Other
    $0
    Deferred
    $4,323
    Nontaxable benefits
    $10,550
    Filer's total
    $158,970

  • Joanna Sells

    Finance Director

    Total calculated
    $119,021
    From this org
    $103,737
    From related orgs
    $0
    Other
    $15,284
    Hours/week
    11.25 + 26.25 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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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.

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
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202423059349302912

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