Group Health Plan Inc
- Assets
- $1.4b
- Revenue
- $1.7b
- Investments
- $216.6m
- Employees
- 7,946
- Location
- Minneapolis, MN
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 41-0797853
Organization Overview
Group Health Plan Inc is located in Minneapolis, MN. The organization was established in 1990. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, Group Health Plan Inc employed 7,946 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Group Health Plan Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Group Health Plan Inc generated $1.7b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.7b during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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.
Since 2014, Group Health Plan Inc has awarded 254 individual grants totaling $23,114,998. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS
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 |
|---|---|---|---|
Scott A Aebischer Former Sr VP Customer Serv/prod | Officer | 37.6 | $3,054,007 |
Chad M Myeroff Physician | 65 | $1,754,970 | |
Timothy J Kroshus Physician | 70 | $1,614,494 | |
Andrea M Walsh CEO | OfficerTrustee | 45.3 | $1,604,270 |
Sam A Miotke Physician | 80 | $1,571,343 | |
Matthew M Kang Physician | 60 | $1,507,050 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Mn Med Ctr-west Physician Services | 12/30/21 | $6,245,891 |
University Of Mn Physicians Physician Services | 12/30/21 | $9,620,213 |
Pricewaterhousecoopers Advisor Consultant | 12/30/21 | $4,880,142 |
Marsden Bldg Maintenance Building Maintenance | 12/30/21 | $2,418,279 |
Interim Healthcare Staffing Professional Services | 12/30/21 | $4,395,879 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,830,517 |
| 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 | $6,830,517 |
| Total Program Service Revenue | $1,178,763,833 |
| Investment income | $19,923,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $584,540 |
| Net Gain/Loss on Asset Sales | -$6,836,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,671,047,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,032,271 |
| 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. | $36,818,652 |
| Compensation of current officers, directors, key employees. | $36,818,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $668,564,326 |
| Pension plan accruals and contributions | $63,803,523 |
| Other employee benefits | $137,551,385 |
| Payroll taxes | $52,623,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,568,312 |
| Fees for services: Accounting | $2,537,375 |
| Fees for services: Lobbying | $511,019 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,054,230 |
| Advertising and promotion | $13,066,487 |
| Office expenses | $21,085,286 |
| Information technology | $75,559,815 |
| Royalties | $0 |
| Occupancy | $47,658,267 |
| Travel | $1,229,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $249,324 |
| Interest | $129,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,041,864 |
| Insurance | $10,889,618 |
| All other expenses | $15,860,505 |
| Total functional expenses | $1,742,774,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,961,197 |
| Savings and temporary cash investments | $56,177,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $311,786,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,818,056 |
| Prepaid expenses and deferred charges | $245,692,885 |
| Net Land, buildings, and equipment | $221,746,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $216,622,856 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,501,898 |
| Total assets | $1,403,307,501 |
| Accounts payable and accrued expenses | $743,053,858 |
| Grants payable | $0 |
| Deferred revenue | $6,047,773 |
| Tax-exempt bond liabilities | $20,715,888 |
| 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 | $244,980,747 |
| Total liabilities | $1,014,798,266 |
| Net assets without donor restrictions | $388,509,235 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,403,307,501 |
Grants Awarded
Over the last fiscal year, Group Health Plan Inc has awarded $908,795 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis Park, MN PURPOSE: PROGRAM SUPPORT | $155,664 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $147,082 |
St Paul, MN PURPOSE: PROGRAM SUPPORT | $75,000 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $50,000 |
Hutchinson, MN PURPOSE: PROGRAM SUPPORT | $48,600 |
HENNEPIN COUNTY PURPOSE: PROGRAM SUPPORT | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Group Health Plan Inc has recieved totaling $252,217.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $252,217 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Group Health Cooperative Of South Central Wi Madison, WI | $101,296,548 | $425,253,744 |
Quartz Health Plan Corporation Madison, WI | $73,798,914 | $332,612,093 |
My Choice Wisconsin Health Plan Inc Wauwatosa, WI | $94,864,690 | $199,253,580 |
Medica Community Health Plan Minnetonka, MN | $134,243,555 | $115,853,339 |
Community Care Health Plan Brookfield, WI | $28,400,717 | $108,865,323 |
Medical Associates Clinic Health Plan Of Wisconsin Dubuque, IA | $5,101,906 | $43,479,788 |
Mercy Health Network Inc Clive, IA | $29,567,569 | $25,434,292 |
Physicians Neck & Back Clinics Minneapolis, MN | $0 | $7,798,319 |
Sanford Heart of America Health Plan Sioux Falls, SD | $2,683,671 | $1,605,608 |
Hmong American Center Inc Wausau, WI | $815,793 | $701,024 |
Womens Life Care Center Little Canada, MN | $769,461 | $480,384 |
Minnesota Medical Group Management Association Inc St Paul, MN | $272,638 | $209,417 |