Gospel Light Mennonite Church Medical Aid Plan

The information for Gospel Light Mennonite Church Medical Aid Plan is as of the organization's most recent filing in December '21. This organization is located in Canton, OH. It has been in existence for 6 years, following its founding in 2015.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Gospel Light Mennonite Church Medical Aid Plan's NTEE code is X20. The "X" tells us that the organization is classified as Religion-Related. The "20" tells us that the organization falls under the minor classification of Christianity. According to the NTEE description, this means that the organization provides opportunities for people to satisfy their inner needs and enhance their spiritual growth through organized worship or other devotional activities under the teachings of Jesus Christ. The organization is also classified under section code 3, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations. The mission of the Gospel Light Mennonite Church Medical Aid Plan, Inc. is to be a not-for-profit health care sharing ministry, where members share medical expenses even after developing a medical condition.

Program Areas

Gospel Light Mennonite Church Medical Aid Plan, Inc., dba Liberty HealthShare, operates within the general fund and is a not-for-profit health care sharing ministry. As a tax-exempt organization, their members share a common set of ethical or religious beliefs and share medical expenses in accordance with those beliefs. This includes sharing in the medical, hospice, and burial costs of other participants who have joined together to aid each other.

Organization Staffing

Gospel Light Mennonite Church Medical Aid Plan has a labor force consisting of 476 employees, 9 of whom are paid over $100k according to the organization's most recent 990 tax filing. The organization does not rely on volunteers for its operations.

Board Governance

Gospel Light Mennonite Church Medical Aid Plan appears to be a well-governed non-profit organization based on the provided information. The organization has a total of 6 voting members, all of whom are independent, indicating a fair and unbiased decision-making process. The absence of potential conflicts of interest further enhances the organization's credibility and transparency. The fact that the organization has not delegated management to an outside firm suggests that it maintains direct control over its operations and decision-making processes. This can be seen as a positive aspect, as it allows for greater accountability and alignment with the organization's mission and values. The documentation of board meetings and committee meetings is another indicator of good governance. This practice ensures that important discussions, decisions, and actions are recorded, providing a clear record of the organization's activities and promoting transparency. The presence of a conflict of interest policy, along with the requirement for disclosure of conflicts, demonstrates the organization's commitment to ethical conduct and the avoidance of potential conflicts that could compromise its mission. Additionally, the organization's written whistleblower policy and document retention policy indicate a commitment to accountability and responsible management practices. These policies provide mechanisms for reporting and addressing any wrongdoing or unethical behavior, as well as ensuring the proper retention and preservation of important organizational documents. However, it is worth noting that the organization does not substantiate and review leadership and officer's salaries. While this may not necessarily indicate poor governance, it would be beneficial for the organization to establish a practice of reviewing and justifying these salaries to ensure transparency and fairness. Overall, Gospel Light Mennonite Church Medical Aid Plan appears to have a strong governance structure in place, with policies and practices that promote transparency, accountability, and ethical conduct.

Organization Growth

The Gospel Light Mennonite Church Medical Aid Plan has experienced significant growth over the given time period. Contributions & Grants Received increased from $11.5K in 2015 to $50.7K in 2021. Program Service Revenue also saw a substantial increase, rising from $6.5M in 2015 to $52.9M in 2021. Investment Income grew from $2 in 2015 to $161 in 2021. Additionally, Total Revenue increased from $6.5M in 2015 to $52.9M in 2021. Employee Salaries showed a significant rise, going from $27.5K in 2017 to $16.9M in 2021. Total Expenses also increased from $6.4M in 2015 to $43.3M in 2021. Although the data for Grants Paid and Total Employees is not provided, the overall trend of growth in revenue, investment income, and employee salaries suggests that the nonprofit organization has indeed grown over the given time period.