Delta Dental Plan Of New Mexico Inc
- Assets
- $81.9m
- Revenue
- $75.5m
- Investments
- $7.5m
- Employees
- 42
- Location
- Albuquerque, NM
- Founding
- 09/1973
- Data as of
- 12/2021
- EIN
- 85-0224562
Organization Overview
Delta Dental Plan Of New Mexico Inc is located in Albuquerque, NM. The organization was established in 1973. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, Delta Dental Plan Of New Mexico Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Dental Plan Of New Mexico Inc 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, Delta Dental Plan Of New Mexico Inc generated $75.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $66.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Delta Dental Plan Of New Mexico Inc has awarded 67 individual grants totaling $2,340,366. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DELTA DENTAL OF NEW MEXICO'S MISSION IS TO ADVANCE AND PROMOTE THE IMPROVEMENT OF ORAL HEALTH THROUGH PREPAID DENTAL SERVICES, SUPPORT FOR RESEARCH AND EDUCATION, AND COMMUNITY OUTREACH DIRECTED TOWARD SECURING ACCESS TO QUALITY DENTAL CARE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING DENTAL CAREDELTA DENTAL OF NEW MEXICO, INC. IS A LEADNG GROUP DENTAL BENEFITS PROVIDER. THE PURPOSE OF THE ORGANIZATION IS TO ADVANCE AND PROMOTE THE IMPROVEMEMNT OF ORAL HEALTH. THIS IS DONE BY OFFERING INNOVATIVE, COST-EFFECTIVE PRODUCTS THAT MEET THE NEEDS OF CUSTOMERS. THIS WAS DEMONSTRATED IN 2021 BY PAYING OUT OVER $53 MILLION IN CLAIMS AND BY PROVIDING DENTAL BENEFITS FOR THE PUBLIC AND ADVANCING THE SCIENCE OF DENTISTRY. IN ADDITION, OVER 780,000 CLAIMS WERE PROCESSED FOR OVER 397,000 MEMBERS. SEE SCHEDULE O FOR CONTINUATIONCOST SAVING STRATEGIESDELTA DENTAL BENEFIT PLANS ARE COMMITTED TO SAVING GROUPS AND MEMBERS MONEY. THE DELTA DIFFERENCE IS AN INTEGRATION OF ACTIVITIES SUCH AS COST MANAGEMENT POLICIES, FEE REDUCTION AGREEMENTS WITH DENTISTS, AND ANTI-FRAUD PROGRAMS, ALL OF WHICH ENSURE QUALITY, COST-EFFECTIVE DENTAL BENEFIT DELIVERY. UNEQUALED ACCESS TO DENTISTS FOR FIVE DECADES, DELTA DENTAL HAS HELPED PROMOTE ORAL HEALTH BY DESIGNING AND ADMINISTERING INNOVATIVE, COST-EFFECTIVE DENTAL BENEFIT PROGRAMS. EXPERTS AT PLAN DESIGN, DELTA DENTAL HAS CREATED DENTAL BENEFIT PROGRAMS THAT MEET CUSTOMER COST-OBJECTIVES WHILE HELPING TO IMPROVE AND MAINTAIN ORAL HEALTH.OUR LONG STANDING RELATIONSHIPS WITH PROVIDERS IN THE COMMUNITIES WE SERVE ALLOWS US TO MAINTAIN LARGE NETWORKS, ALLOWING BROAD ACCESS FOR MEMBERS AND COST-EFFECTIVE CARE. DELTA DENTAL'S GROUP MEMBERS ARE AFFORDED ADDED PROTECTION BECAUSE THEY GUARANTEE THAT PARTICIPATING DENTISTS WILL ACCEPT THEIR PAYMENT FOR COVERED SERVICES AND NO CHARGE, OTHER THAN CO-PAYMENTS AND DEDUCTIBLES ARE BILLED BACK TO THE MEMBER. THIS LOWERS CLAIM COSTS FOR CUSTOMERS AND REDUCES OUT-OF-POCKET COSTS FOR SUBSCRIBERS.WITH TWO NETWORKS OF FULL-TIME PARTICIPATING DENTISTS IN ONE INTEGRATED CLAIMS SYSTEM, DELTA DENTAL CAN DELIVER TO CUSTOMERS AND GROUP MEMBERS BROAD ACCESS TO CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Volk III President & CEO | Officer | 50 | $510,463 |
Jolou Trujillo-Ottino VP Sales And Marketing | Officer | 50 | $251,962 |
Nathalie Casado Strategic Planner | 50 | $151,617 | |
Dianne Ledesma Director Of Operations | 50 | $146,013 | |
Robert L Simmons Director | Trustee | 5 | $20,500 |
James Trujillo Chairperson | OfficerTrustee | 5 | $20,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hub International Insurance Service Commissions | 12/30/21 | $442,292 |
Dewpoint It Consulting | 12/30/21 | $151,164 |
Marketing Solutions Llc Marketing Services | 12/30/21 | $108,460 |
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 | $69,512,073 |
| Investment income | $798,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,183,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,517,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $427,664 |
| 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. | $737,082 |
| Compensation of current officers, directors, key employees. | $257,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,301,627 |
| Pension plan accruals and contributions | $164,663 |
| Other employee benefits | $363,971 |
| Payroll taxes | $154,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $293,014 |
| Fees for services: Accounting | $22,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $139,842 |
| Fees for services: Other | $54,307,194 |
| Advertising and promotion | $220,287 |
| Office expenses | $575,396 |
| Information technology | $353,524 |
| Royalties | $0 |
| Occupancy | $315,635 |
| Travel | $24,665 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,768 |
| Insurance | $65,861 |
| All other expenses | $50,558 |
| Total functional expenses | $66,104,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,012,367 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,429,594 |
| 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 | $169,651 |
| Net Land, buildings, and equipment | $849,906 |
| Investments—publicly traded securities | $62,515,377 |
| Investments—other securities | $7,547,135 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $384,316 |
| Total assets | $81,908,346 |
| Accounts payable and accrued expenses | $1,998,022 |
| Grants payable | $0 |
| Deferred revenue | $677,403 |
| 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 | $1,939,730 |
| Total liabilities | $4,615,155 |
| Net assets without donor restrictions | $77,293,191 |
| 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 | $81,908,346 |
Grants Awarded
Over the last fiscal year, Delta Dental Plan Of New Mexico Inc has awarded $427,664 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Albuquerque, NM PURPOSE: CHARITABLE DONATION & DENTAL HYGIENE PROGRAM | $115,000 |
Albuquerque, NM PURPOSE: CHARITABLE DONATION | $75,000 |
Dallas, TX PURPOSE: CHARITABLE DONATION | $70,500 |
Farmington, NM PURPOSE: FOOD PANTRY | $50,000 |
Gallup, NM PURPOSE: COMMUNITY FOOD PANTRY DONATION | $50,000 |
Las Cruces, NM PURPOSE: DENTAL HYGIENE PROGRAM | $29,664 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Dental Plan Of New Mexico Inc Albuquerque, NM | $81,908,346 | $75,517,286 |
Valley-Wide Health Systems Inc Alamosa, CO | $46,697,315 | $52,431,671 |
Colorado Health Benefit Exchange Denver, CO | $41,211,882 | $42,741,707 |
Nurse Family Partnership Denver, CO | $58,934,670 | $51,421,295 |
Lifenet Inc Texarkana, TX | $20,550,106 | $37,401,240 |
Uchealth Laboratory Services Llc Denver, CO | $0 | $34,399,374 |
Zion Health St George, UT | $13,690,027 | $30,278,817 |
Northeast Oklahoma Community Health Centers Inc Hulbert, OK | $28,383,218 | $24,477,125 |
Colorado Sheet Metal Workers Local 9 Family Health Plan Denver, CO | $14,072,511 | $16,655,685 |
St Lukes Foundation Houston, TX | $85,245,198 | $8,207,901 |
Greater Houston Healthconnect Houston, TX | $2,777,441 | $4,148,089 |
Tnd Family Foundation San Antonio, TX | $81,024,969 | $3,626,485 |