Evergreen Health Cooperative Inc
- Assets
- $16.5m
- Revenue
- $56.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 09/2013
- Data as of
- 12/2020
- EIN
- 45-3193240
Organization Overview
Evergreen Health Cooperative Inc, operating under the name Evergreen Health, is located in Baltimore, MD. The organization was established in 2013. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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.
For the year ending 12/2020, Evergreen Health generated $56.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (70.7%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EVERGREEN HEALTH WAS A NONPROFIT HEALTH INSURANCE COOPERATIVE EST UNDER ACA EHC WAS PUT INTO LIQUIDATION BY THE MIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERGREEN HEALTH, INC. WAS ORDERED INTO REHABILITATION ON JULY 31, 2017 AND LIQUIDATION ON SEPTEMBER 1, 2017. AS A RESULT OF THE LIQUIDATION, ALL POLICIES WERE TERMINATED AS OF SEPTEMBER 30, 2017. EVERGREEN PROVIDES DETAILED REPORTS ON LIQUIDAITON MATTERS TO THE COURT ON A QUARTERLY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Van Buskirk Director | Officer | $64,625 | |
Erin Bennett Vpcontroller | Officer | $50,832 | |
Benjamin Eastman Legal Compliance | Officer | $19,554 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scott Bolick Implementation | 12/30/15 | $117,887 |
Goodell Devries Legal | 12/30/15 | $170,282 |
Milliman Actuarial Services | 12/30/15 | $627,691 |
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 | $157 |
| Investment income | $56,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$636 |
| 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 | $56,478 |
| 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 | -$80,000 |
| 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 | $138,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,995 |
| Payroll taxes | $11,472 |
| Fees for services: Management | -$8,400 |
| Fees for services: Legal | $300,032 |
| Fees for services: Accounting | $2,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,428 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,948 |
| Office expenses | $0 |
| Information technology | $39,624 |
| Royalties | $0 |
| Occupancy | $23,265 |
| 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 | $3,966 |
| All other expenses | $0 |
| Total functional expenses | -$1,384,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,351 |
| Savings and temporary cash investments | $11,200,872 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,499,868 |
| 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 | $4,377 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $680,886 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,323 |
| Total assets | $16,494,677 |
| Accounts payable and accrued expenses | $4,055,003 |
| 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 | $71,632,778 |
| Total liabilities | $75,687,781 |
| Net assets without donor restrictions | -$59,193,104 |
| 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 | $16,494,677 |
Grants Awarded
Over the last fiscal year, Evergreen Health Cooperative Inc has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: 2015 Title Sponsorship of the Y Turkey Trot Charity 5K. | $65,000 |
Silver Spring, MD PURPOSE: Support of the annual banquet. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cement Masons-592 Welfare Fund Philadelphia, PA | $28,352,479 | $12,285,764 |
Pennsylvania Property And Casualty Insurance Guaranty Association Philadelphia, PA | $159,227,112 | $35,772,841 |
Pittsburgh Building Owners Welfare Fund Pittsburgh, PA | $5,835,714 | $9,211,628 |
Property & Casualty Insurance Guaranty Corporation Towson, MD | $24,268,806 | $4,102,215 |
Electricians Welfare Fund-No 81 Scranton, PA | $15,969,478 | $8,238,937 |
Piedmont Liability Trust Charlottesville, VA | $77,604,181 | $9,580,879 |
National Association Of Health Underwriters Washington, DC | $5,260,956 | $6,921,904 |
American Benefits Council Washington, DC | $6,526,804 | $5,295,923 |
National Automatic Sprinkler Metal Trades Welfare Fund Landover, MD | $18,558,792 | $6,112,482 |
Blue Mountain Insurance Trust Employee Benefit Plan Orwigsburg, PA | $1,419,371 | $5,309,452 |
Reed Smith Shaw & Mcclay Flexible Benefits Program Trust Pittsburgh, PA | $5,246,901 | $2,307,233 |
Pennsylvania Assigned Claims Plan Philadelphia, PA | $6,580,442 | $6,003,230 |