Priority Health
- Assets
- $2.0b
- Revenue
- $4.8b
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 38-2715520
Organization Overview
Priority Health is located in Grand Rapids, MI. The organization was established in 1995. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Priority Health is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Priority Health generated $4.8b in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $4.7b during the year ending 12/2022. While expenses have increased by 10.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HEALTH, INSTILL HUMANITY AND INSPIRE HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIORITY HEALTH HMO: SEE SCHEDULE O
PRIORITY HEALTH SENIOR MARKETS (MEDICARE ADVANTAGE AND MEDICARE SUPPLEMENT): SEE SCHEDULE O
PRIORITY HEALTH WELLNESS: SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Freese Decker Director/ceo | OfficerTrustee | 1 | $0 |
Matthew Cox Director | Trustee | 1 | $0 |
Praveen Thadani Director/president | OfficerTrustee | 50 | $0 |
James Forshee MD Former Key Employee | 50 | $0 | |
Kimberly Thomas Secretary | Officer | 1 | $0 |
Michael Jasperson Former Key Employee | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delta Dental Plan Of Michigan Dental Benefits Mgr | 12/30/22 | $61,384,344 |
Solutran Inc Pharmacy Admin | 12/30/22 | $22,464,638 |
Tivity Health Inc Sr Fitness Pgm Mgr | 12/30/22 | $7,514,059 |
Express Scripts Insurance Company Pharm Benefits Mgr | 12/30/22 | $10,957,261 |
First American Administrators Vision | 12/30/22 | $6,308,796 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,693,955,658 |
| Investment income | $120,384,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $201,956 |
| Net Gain/Loss on Asset Sales | -$7,601,631 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,806,940,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,200,226,958 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,501,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,002,424 |
| Payroll taxes | $8,395,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,836 |
| Fees for services: Accounting | $3,330,029 |
| Fees for services: Lobbying | $38,481 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,266,121 |
| Fees for services: Other | $40,076,019 |
| Advertising and promotion | $15,613,967 |
| Office expenses | $5,450,447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,863,173 |
| Travel | $431,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $517,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,361,869 |
| Insurance | $1,008,180 |
| All other expenses | $676,421 |
| Total functional expenses | $4,702,803,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $490,258,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $234,694,407 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,861,063 |
| Investments—publicly traded securities | $863,884,320 |
| Investments—other securities | $0 |
| Investments—program-related | $298,359,243 |
| Intangible assets | $35,394,581 |
| Other assets | $32,208,810 |
| Total assets | $1,979,660,437 |
| Accounts payable and accrued expenses | $530,360,267 |
| Grants payable | $0 |
| Deferred revenue | $24,687,435 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,916,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $132,288,103 |
| Total liabilities | $704,252,394 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $8,471 |
| Paid-in or capital surplus, or land, building, or equipment fund | $122,521,001 |
| Retained earnings, endowment, accumulated income, or other funds | $1,152,878,571 |
| Total liabilities and net assets/fund balances | $1,979,660,437 |