Quartz Health Plan Corporation
- Assets
- $113.5m
- Revenue
- $431.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Fitchburg, WI
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 39-1807071
Organization Overview
Quartz Health Plan Corporation is located in Fitchburg, WI. The organization was established in 1996. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, 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. Quartz Health Plan Corporation 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 12/2023, Quartz Health Plan Corporation generated $431.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $438.6m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL WELFARE BY OPERATION OF A HEALTH MAINTENANCE ORGANIZATION AND OTHER ACTIVITIES INCIDENTAL THERETO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HEALTH CARE SERVICES PROVIDED FOR 80,793 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald E Arndt Bod - Member | Trustee | 2 | $0 |
Gerald R Kember Bod - Member | Trustee | 2 | $0 |
George H Tervalon III Bod - Member | Trustee | 2 | $0 |
Randy R Bruegman Bod - Member | Trustee | 2 | $0 |
William J Farrell Bod - Chairman | Trustee | 2 | $0 |
Alan S Kaplan MD Bod - Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gundersen Lutheran Medical Center Medical Services | 12/30/23 | $130,628,739 |
Medimpact Healthcare Systems Medical Services | 12/30/23 | $73,942,284 |
Uw Hospitals & Clinics Authority Medical Services | 12/30/23 | $61,829,719 |
Meriter Hospital Inc Medical Services | 12/30/23 | $22,662,493 |
University Of Wisconsin Medical Foundati Medical Services | 12/30/23 | $19,544,187 |
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 | $428,752,288 |
| Investment income | $2,777,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $435 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $431,530,483 |
| 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 | $0 |
| 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 | $14,235,952 |
| Pension plan accruals and contributions | $442,295 |
| Other employee benefits | $2,649,822 |
| Payroll taxes | $990,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $187,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $375,759 |
| Fees for services: Other | $439,957 |
| Advertising and promotion | $1,148,856 |
| Office expenses | $799,386 |
| Information technology | $4,887,786 |
| Royalties | $0 |
| Occupancy | $511,666 |
| Travel | $112,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,999 |
| Interest | $8,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $540,696 |
| Insurance | $356,613 |
| All other expenses | $529,842 |
| Total functional expenses | $438,579,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,630,163 |
| Savings and temporary cash investments | $151,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,547,214 |
| 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 | $0 |
| Investments—publicly traded securities | $8,479,986 |
| Investments—other securities | $0 |
| Investments—program-related | $8,975,385 |
| Intangible assets | $0 |
| Other assets | $1,686,644 |
| Total assets | $113,470,719 |
| Accounts payable and accrued expenses | $53,984,704 |
| Grants payable | $0 |
| Deferred revenue | $7,376,003 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,747,411 |
| Total liabilities | $66,108,118 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $47,005,731 |
| Retained earnings, endowment, accumulated income, or other funds | $356,870 |
| Total liabilities and net assets/fund balances | $113,470,719 |