Montana Health Network Health Insurance Plan & Trust
- Assets
- $17.6m
- Revenue
- $22.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Miles City, MT
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 81-6073209
Organization Overview
Montana Health Network Health Insurance Plan & Trust is located in Miles City, MT. The organization was established in 1994. 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. Montana Health Network Health Insurance Plan & Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Montana Health Network Health Insurance Plan & Trust generated $22.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $21.5m during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MULTIPLE EMPLOYER VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL BENEFITS PAID FOR QUALIFIED MEDICAL CLAIMS OF PARTICIPANTS AT 29 HEALTHCARE ENTITIES.
STOP LOSS INSURANCE PREMIUMS PAID TO MANAGE RISK ASSOCIATED WITH BEING SELF-INSURED ON ULTIMATE BENEFIT COVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Holom Chair (thru Sept 22) See Sch. O | OfficerTrustee | 1 | $0 |
Bill Robinson Chair (start Oct 22) See Sch. O | OfficerTrustee | 1 | $0 |
Greg Drapes Secretary See Sch. O Explanation | OfficerTrustee | 0.5 | $0 |
Linda Mehlhoff Member See Sch. O Explanatiion | Trustee | 0.5 | $0 |
Holly Wolff Member See Sch. O Explanation | Trustee | 0.5 | $0 |
Jeri Chapman Member (start Oct 22) See Sch. O | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pacificsource Health Plans Tpa | 12/30/22 | $359,328 |
Montana Health Network Inc Administrative Expenses | 12/30/22 | $136,903 |
Allegiance Benefit Plan Management Inc Tpa | 12/30/22 | $169,906 |
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 | $22,471,415 |
| Investment income | $195,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$294,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,372,514 |
| 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 | $18,819,742 |
| 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 | $0 |
| Fees for services: Legal | $30,967 |
| Fees for services: Accounting | $27,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $828,556 |
| Advertising and promotion | $0 |
| Office expenses | $35,910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $730 |
| 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 | $2,356 |
| All other expenses | $500 |
| Total functional expenses | $21,481,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,788,289 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,148,588 |
| 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 | $189 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,699,573 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $984,400 |
| Total assets | $17,621,039 |
| Accounts payable and accrued expenses | $1,825,933 |
| 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 | $0 |
| Total liabilities | $1,825,933 |
| 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 | $15,795,106 |
| Total liabilities and net assets/fund balances | $17,621,039 |