Concordia Health Plan
- Assets
- $188.8m
- Revenue
- $265.0m
- Investments
- $8.4m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 11/1966
- Data as of
- 12/2021
- EIN
- 43-6062857
Organization Overview
Concordia Health Plan is located in St Louis, MO. The organization was established in 1966. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concordia Health Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Concordia Health Plan generated $265.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $270.2m during the year ending 12/2021. While expenses have increased by 0.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTHCARE BENEFITS FOR THE EMPLOYEES, AND THEIR SELECTED DEPENDENTS, OF MEMBER CONGREGATIONS, CONTROLLED ORGANIZATIONS, AND AFFILIATED AGENCIES OF THE LUTHERAN CHURCH-MISSOURI SYNOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHCARE BENEFITS-2021 ENROLLMENT CONSISTS OF 15,913 MEMBERS (15,099 ACTIVE AND 814 DISABLED/RETIRED/SEMINARY STUDENTS) AND 20,296 DEPENDENTS. TOTAL ENROLLMENT IS 36,209. (INFORMATION FROM 12/31/21 ENROLLMENT REPORTS.) PROVIDE MEDICAL HEALTHCARE DIRECTLY TO MEMBERS THROUGH A NETWORK HEALTH PROGRAM OF $164,243,539
HEALTHCARE DELIVERY: PROVIDED PRESCRIPTION DRUG COVERAGE TOTALING $36,657,901.
HEALTHCARE DELIVERY: PROVIDED VISION SERVICE PLAN TOTALING $2,530,464.
HEALTHCARE DELIVERY: PROVIDED DENTAL COVERAGE TOTALING $31,249,308. OTHER PROGRAM EXPENSES: INVESTMENT AND CUSTODIAN FEES $314,314; EXTERNAL CLAIM SERVICES $12,611,680; HEALTHCARE COST CONTAINMENT SERVICES $6,170,533; NET BENEFITS & REFUNDS $42,143; MANAGEMENT FEES $14,213,207; INSURANCE PREMIUMS $1,972,838; BENEFIT RELATED LEGAL EXPENSE $9,911; HEALTH & WELLNESS PUBLICATIONS/COMMUNICATIONS $59,953; MISCELLANEOUS $148,020.
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 |
|---|---|---|---|
James Jaacks Chairman Of The Board And Trustee | Trustee | 2 | $0 |
Robert Lesko Trustee | Trustee | 2 | $0 |
Mark Swenson Trustee | Trustee | 2 | $0 |
Henry Eickelberg Trustee | Trustee | 1 | $0 |
Julia Bonafede Trustee | Trustee | 1 | $0 |
Daryl Dagit Trustee | Trustee | 1 | $0 |
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 | $265,014,136 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,014,136 |
| 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 | $234,723,355 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $14,213,207 |
| Fees for services: Legal | $9,911 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $314,314 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,972,838 |
| All other expenses | $0 |
| Total functional expenses | $270,223,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,003,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,051,204 |
| 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 | $157,298,475 |
| Investments—other securities | $8,356,548 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,000 |
| Total assets | $188,828,015 |
| Accounts payable and accrued expenses | $6,514,509 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $30,074,684 |
| Total liabilities | $36,589,193 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $152,238,822 |
| Total liabilities and net assets/fund balances | $188,828,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Line Construction Benefit Fund Lombard, IL | $1,499,726,971 | $1,007,885,123 |
Chs Community Health Systems Inc Veba Trust Franklin, TN | $6,362 | $692,904,149 |
Accenture United States Benefit Chicago, IL | $73,988,977 | $691,324,713 |
Safeway Inc Welfare Benefit Tr Chicago, IL | $0 | $500,055,601 |
Exelon Corporation Employees Benefit Trust Chicago, IL | $65,808,636 | $520,300,939 |
Midwest Operating Engineers Welfare Fund Countryside, IL | $1,803,952,687 | $632,490,889 |
United Airlines Employee Sick Leave Tr Chicago, IL | $37,583,032 | $320,362,024 |
Christian Brothers Employee Benefit Trust Romeoville, IL | $200,286,111 | $339,796,574 |
Chicago District Council Of Carpenters Welfare Fund Chicago, IL | $1,016,590,757 | $296,188,790 |
Carpenters Health & Welfare Trust Fund Of St Louis St Louis, MO | $168,277,664 | $240,301,966 |
Electrical Insurance Trustees Chicago, IL | $773,934,785 | $263,143,563 |
Concordia Health Plan St Louis, MO | $188,828,015 | $265,014,136 |