Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SUBSCRIPTION REVENUE:

  total $215,868,675 · related or exempt $215,868,675

• 2b · Program service revenue: SUBSCRIPTION REVENUE:

  total $186,707,482 · related or exempt $186,707,482

• 3 · Investment income

  total $2,891,227 · excluded $2,891,227

• 7a · Gross sales of assets other than inventory

  securities $70,281,745 · other assets $12,217

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

  securities $69,682,886 · other assets $0

• 7c · Gain or loss

  securities $598,859 · other assets $12,217

• 7d · Net gain or loss

  total $611,076 · excluded $611,076

• 11a · Other revenue: OTHER REVENUE

  total $332,215 · excluded $332,215

• 11e · Other revenue, total

  $332,215

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $478,028 · program services $478,028

• 5 · Compensation of officers, directors and key employees

  total $3,297,664 · program services $3,066,827 · management and general $230,837

• 7 · Other salaries and wages

  total $16,021,907 · program services $14,900,373 · management and general $1,121,534

• 8 · Pension plan contributions

  total $454,845 · program services $423,005 · management and general $31,840

• 9 · Other employee benefits

  total $5,179,081 · program services $4,816,547 · management and general $362,534

• 10 · Payroll taxes

  total $635,793 · program services $591,287 · management and general $44,506

• 11a · Fees: management

  total $17,514,155 · program services $2,977,406 · management and general $14,536,749

• 11b · Fees: legal

  total $454,210 · management and general $454,210

• 11c · Fees: accounting

  total $161,825 · management and general $161,825

• 11f · Fees: investment management

  total $418,393 · management and general $418,393

• 11g · Fees: other

  total $2,550,164 · program services $433,520 · management and general $2,116,644

• 12 · Advertising and promotion

  total $384,391 · program services $311,357 · management and general $73,034

• 13 · Office expenses

  total $2,724,843 · program services $544,868 · management and general $2,179,975

• 14 · Information technology

  total $2,087,054 · program services $417,334 · management and general $1,669,720

• 16 · Occupancy

  total $1,586,105 · program services $1,586,105

• 17 · Travel

  total $81,376 · program services $3,255 · management and general $78,121

• 19 · Conferences, conventions and meetings

  total $15,822 · program services $15,822

• 22 · Depreciation, depletion and amortization

  total $2,433,435 · management and general $2,433,435

• 23 · Insurance

  total $950,582 · management and general $950,582

• 24a · Other expenses: CLAIMS EXPENSE

  total $342,510,365 · program services $342,510,365

• 24b · Other expenses: COMMISSIONS EXPENSE

  total $11,845,270 · program services $11,845,270

• 24c · Other expenses: BUSINESS TAXES

  total $2,017,014 · program services $201,701 · management and general $1,815,313

• 24d · Other expenses: BANK CHARGES

  total $1,012,324 · program services $30,370 · management and general $981,954

• 24e · All other expenses

  total -$9,296,729 · program services $698,677 · management and general -$9,995,406

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $11,836,034 · end of year $14,870,633

• 4 · Accounts receivable

  beginning of year $8,194,800 · end of year $9,922,777

• 7 · Other notes and loans receivable

  beginning of year $2,620,695 · end of year $2,577,045

• 12 · Investments: other securities

  beginning of year $106,320,925 · end of year $86,325,796

• 15 · Other assets

  beginning of year $291,906 · end of year $13,546,723

• 17 · Accounts payable and accrued expenses

  beginning of year $18,002,074 · end of year $21,844,043

• 19 · Deferred revenue

  beginning of year $3,309,902 · end of year $2,813,762

• 25 · Other liabilities

  beginning of year $19,530,105 · end of year $27,731,668

• 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 $88,422,279 · end of year $74,853,501

The filer's explanations (Part III)

PART I, LINE 3

ALL COMPENSATION TO THE CEO IS PAID BY STRATACOR, A RELATED ORGANIZATION. STRATACOR USES THE FOLLOWING TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY BOARD OR COMPENSATION COMMITTEE

PART I, LINE 4A

SOME EMPLOYEES RECEIVED A SEVERANCE PAYMENT DURING THE CALENDER YEAR. THE TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT ARE AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST.

PART I, LINE 5

ALL ELIGIBLE EMPLOYEES MAY PARTICIPATE IN THE EMPLOYEE INCENTIVE PLAN WHICH IS APPROVED BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE BOARD. THE 2022 PLAN ALLOWS FOR AN INCENTIVE PLAN PAYOUT BASED ON THREE COMPONENTS: THE RELATED COMPANY'S FINANCIAL PERFORMANCE, CUSTOMER AND EMPLOYEE EXPERIENCE, AND INDIVIDUAL GOALS. WITHIN THE CALCULATION OF THE RELATED COMPANY'S FINANCIAL PERFORMANCE, THERE IS A COMPONENT BASED ON REVENUE AND A COMPONENT BASED ON OPERATING EARNINGS. THE INCENTIVE AMOUNT IS BASED ON THE MATHEMATICAL CALCULATION OF THE RESULTS FOR EACH COMPONENT. FOR 2022, EACH EMPLOYEE'S AMOUNT WAS CALCULATED WITH 75% WEIGHT BASED ON THE RELATED COMPANY PERFORMANCE AND 25% WEIGHT BASED ON THEIR INDIVIDUAL PERFORMANCE

PART I, LINE 6

ALL ELIGIBLE EMPLOYEES MAY PARTICIPATE IN THE EMPLOYEE INCENTIVE PLAN WHICH IS APPROVED BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE BOARD. THE 2022 PLAN ALLOWS FOR AN INCENTIVE PLAN PAYOUT BASED ON THREE COMPONENTS: THE RELATED COMPANY'S FINANCIAL PERFORMANCE, CUSTOMER AND EMPLOYEE EXPERIENCE, AND INDIVIDUAL GOALS. WITHIN THE CALCULATION OF THE RELATED COMPANY'S FINANCIAL PERFORMANCE, THERE IS A COMPONENT BASED ON REVENUE AND A COMPONENT BASED ON OPERATING EARNINGS. THE INCENTIVE AMOUNT IS BASED ON THE MATHEMATICAL CALCULATION OF THE RESULTS FOR EACH COMPONENT. FOR 2022, EACH EMPLOYEE'S AMOUNT WAS CALCULATED WITH 75% WEIGHT BASED ON THE RELATED COMPANY PERFORMANCE AND 25% WEIGHT BASED ON THEIR INDIVIDUAL PERFORMANCE

Related corporations and trusts

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

• HEALTH VENTURES NETWORK

  C · VISION COVERAGE · MN

• ABOVA INC

  C · SALE OF DENTAL PRODUCTS AND CONSULTING · DE

• TRASKA INC

  C · BEMIDJI BUILDING HOLDING CO · DE