Quartz Health Plan Mn Corporation
- Assets
- $12.8m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 45-2633920
Organization Overview
Quartz Health Plan Mn Corporation is located in Madison, WI. The organization was established in 2014. 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. Quartz Health Plan MN 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 12/2021, Quartz Health Plan MN Corporation generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $30.3m during the year ending 12/2021. While expenses have increased by 25.5% 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
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
TO PROMOTE SOCIAL WELFARE BY OPERATION OF HEALTH MAINTENANCE ORGANIZATION PROVIDING COMPREHENSIVE HEALTH CARE INSURANCE AND OTHER HEALTH CARE ACTIVITIES FOR OUR MINNESOTA MEMBERS UNDER THE MINNESOTA NONPROFIT CORPORATION ACT, SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND THE MINNESOTA HEALTH MAINTENANCE ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary J Lenth MD Evp & Cmo (term 03/2021) | OfficerTrustee | 1 | $0 |
Mark J Selna MD President & CEO | OfficerTrustee | 2 | $0 |
James L Hiveley Vp, Treasurer & CFO | Officer | 2 | $0 |
Kristie S Meier Assistant Secretary | Officer | 2 | $0 |
Christine C Senty General Counsel, VP & Secretary | Officer | 2 | $0 |
Kyle P Brua Chief Actuary (term 05/2021) | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gundersen Lutheran Medical Center Medical Services | 12/30/21 | $15,453,355 |
Gundersen Health System Medical Services | 12/30/21 | $3,243,840 |
Medimpact Healthcare Systems Medical Services | 12/30/21 | $6,225,955 |
Winona Health Services Medical Services | 12/30/21 | $3,212,184 |
Olmsted Medical Center Medical Services | 12/30/21 | $2,375,126 |
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 | $30,999,097 |
| Investment income | $15,255 |
| 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 | $31,014,352 |
| 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 | $818,023 |
| Pension plan accruals and contributions | $37,532 |
| Other employee benefits | $168,452 |
| Payroll taxes | $54,520 |
| Fees for services: Management | $3,496 |
| Fees for services: Legal | $13,132 |
| Fees for services: Accounting | $14,905 |
| Fees for services: Lobbying | $987 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,273 |
| Fees for services: Other | $40,600 |
| Advertising and promotion | $43,437 |
| Office expenses | $22,365 |
| Information technology | $675,764 |
| Royalties | $0 |
| Occupancy | $39,070 |
| Travel | $4,036 |
| 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 | $1,686 |
| Insurance | $15,213 |
| All other expenses | $1,899 |
| Total functional expenses | $30,314,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,666,934 |
| Savings and temporary cash investments | $10,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,551,595 |
| 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 | $558,263 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $984,355 |
| Total assets | $12,772,052 |
| Accounts payable and accrued expenses | $3,437,533 |
| Grants payable | $0 |
| Deferred revenue | $480,300 |
| 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 | $3,677,714 |
| Total liabilities | $7,595,547 |
| 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 | $4,750,000 |
| Retained earnings, endowment, accumulated income, or other funds | $426,505 |
| Total liabilities and net assets/fund balances | $12,772,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Dental Plan Of Indiana Inc Lansing, MI | $130,548,004 | $128,115,251 |
Union Health Service Inc Chicago, IL | $42,170,759 | $88,933,727 |
Samaritan Ministries International Peoria, IL | $57,762,652 | $49,461,493 |
Michigan Health Information Technology Network Shared Service Lansing, MI | $16,978,463 | $41,944,426 |
Quartz Health Plan Mn Corporation Madison, WI | $12,772,052 | $31,014,352 |
Delta Dental Plans Association Oak Brook, IL | $18,113,714 | $30,001,197 |
Ahs Midwest Management Inc Bolingbrook, IL | $1,065,226 | $4,831,661 |
Oeu-965 Health Benefit Plan Springfield, IL | $22,470,499 | $12,801,499 |
Iowa Life And Health Insurance Guaranty Association Des Moines, IA | $11,629,327 | $10,389,227 |
Caringbridge Eagan, MN | $5,186,201 | $10,947,977 |
Union Sponsored Health Benefits Tr Milwaukee, WI | $0 | $311 |
Iowa Prescription Drug Corporation Grimes, IA | $1,322,646 | $8,932,847 |