Medica Holding Company
Overview
Mission
To be the trusted health plan of choice for customers, members, partners and our employees.
What it reported doing in 2024
Medica holding company is the holding company for all of the medica entities. The goal of medica is to be the trusted health plan of choice for customers, members, partners, our employees.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
Nonprofit profile at a glance
- EIN
- 010571840
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Headquarters
- Minnetonka, MN, USA
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Public, Societal Benefit
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 64
- Accountability: 80
- Sustainability: 88
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 36th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 99%; rating input score 100; 100th percentile among comparable filings
- Operating reserve ratio: 372.63; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
- Officer compensation ratio: 27.1%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 57% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 31.8% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 9 of 10 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $1.9M · 18 people listed · 0 of 6 pay-setting controls reported
- Consistency: 14 of 14 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 7 annual filings from 2017 to 2024
- Related organizations: 17 filed related-organization links