Common Ground Healthcare Cooperative
- Assets
- $262.1m
- Revenue
- $459.4m
- Investments
- $0.0
- Employees
- 179
- Location
- Brookfield, WI
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 45-3309488
Organization Overview
Common Ground Healthcare Cooperative is located in Brookfield, WI. 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. As of 12/2023, Common Ground Healthcare Cooperative employed 179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2023, Common Ground Healthcare Cooperative generated $459.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $450.4m during the year ending 12/2023. While expenses have increased by 9.5% 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
PROVIDE AFFORDABLE HEALTH INSURANCE SOLUTIONS TO SMALL BUS., INDIVIDUALS & NON-PROFITS IN WI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMON GROUND HEALTHCARE COOPERATIVE IS A NON-PROFIT MEMBER-GOVERNED HEALTH INSURANCE COOPERATIVE DEDICATED TO DELIVERING QUALITY, COMPREHENSIVE HEALTH INSURANCE TO SMALL BUSINESSES AND INDIVIDUALS IN WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Mahaffey CEO | Officer | 40 | $633,553 |
Scott Anderson Term 122023 Cmo - Chief Medical Officer | Officer | 40 | $376,992 |
Brian Damiani Cio | Officer | 40 | $299,336 |
Brian Gartner Chief Of Staff | Officer | 40 | $283,201 |
Jessica Kottwitz Cao - Chief Administrative Officer | Officer | 40 | $262,038 |
Melissa Henderson Cco - Chief Compliance Officer | Officer | 40 | $273,297 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Security Health Plan Of Wisconsin Inc Cost Containment | 12/30/23 | $1,394,083 |
Humana Wisconsin Health Org Insurance Co Health Insurance | 12/30/23 | $1,379,873 |
Milliman Inc Actuarial | 12/30/23 | $1,235,902 |
Optum Health Care Solutions Inc Medical Management | 12/30/23 | $872,069 |
Mpx Printing And Postage | 12/30/23 | $764,024 |
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 | $450,644,587 |
| Investment income | $6,359,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $158,636 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,376,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $2,708,159 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,450,802 |
| Pension plan accruals and contributions | $565,885 |
| Other employee benefits | $1,628,203 |
| Payroll taxes | $150,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $226,422 |
| Fees for services: Accounting | $2,264,295 |
| Fees for services: Lobbying | $55,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,884,852 |
| Advertising and promotion | $317,901 |
| Office expenses | $1,785,940 |
| Information technology | $2,650,315 |
| Royalties | $0 |
| Occupancy | $437,472 |
| Travel | $118,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $190,443 |
| Interest | $333,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,860 |
| Insurance | $301,930 |
| All other expenses | $860,256 |
| Total functional expenses | $450,360,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,253,575 |
| Savings and temporary cash investments | $128,745,328 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,946,379 |
| 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 | $1,204,292 |
| Net Land, buildings, and equipment | $222,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,748,221 |
| Total assets | $262,120,622 |
| Accounts payable and accrued expenses | $5,572,142 |
| Grants payable | $0 |
| Deferred revenue | $62,219,209 |
| 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 | $69,270,520 |
| Other liabilities | $45,100,311 |
| Total liabilities | $182,162,182 |
| 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 | $79,958,440 |
| Total liabilities and net assets/fund balances | $262,120,622 |