Compass Cooperative Mutual Health Network Inc

Nonprofit profile at a glance

EIN
273835905
IRS 990 coverage
2016–2017
Forms available
Form 990 2017
Location
Scottsdale, AZ, USA
Phone
6029572113
Rating confidence
Limited
Sector
Community Health Systems

Official website

Reported finances

Revenue
$178,674
Expenses
$321,492
Assets
$695,762
Liabilities
$4,119,353

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

2 people listed

Highest reported compensation

  • DEBRA M SINGPRADITH (MANAGER NETWORK DEVELOPMENT): $117,201 total reported compensation
  • JEANICE CADY (SENIOR ACCOUNTANT): $107,507 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Meritus was established as a health insurance company that would facilitate the delivery of quality care providing health insurance to individuals and small groups. In 2016 meritus ceased selling health insurance coverage and was placed into receivership by the maricopa county superior court.

What it reported doing in 2017

The company was organized as a nonprofit health plan cooperative. The affordable care act enabled a new type of health insurer called a consumer oriented and operated plan, more commonly known as a co-op. Co-ops, regulated by each state's department of insurance, are directed by their customers and designed to offer individuals, families and small businesses more affordable, consumer-friendly and high-quality health insurance options. On or before december 31, 2015 meritus suspended the issuance of new or renewal business and cancelled all existing policies. In addition, meritus was places under the Arizona department of insurance supervision and subsequently on august 10, 2016 into liquidation by the maricopa county superior court.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 32
  • Sustainability: 23
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: Limited
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -79.9%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 2.16; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 5.92; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 11.3%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -175.7% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -66.4% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $117K · 2 people listed
  • Highest-paid contractors: 1 contractor listed · $137K reported
  • Consistency: 10 of 10 current checks pass
  • Schedules: 4 filed schedules · includes related organizations
  • Filing history: 2 filing years from 2016 to 2017
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.