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Medica Holding Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010571840 ✦ Minnetonka, MN ✦ Designated as a 501(c)(4)

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Overview

What is Medica Holding Company?

Medica Holding Company serves as the umbrella organization for all Medica entities. Its mission is to establish a strong reputation as the preferred health plan for customers, members, partners, and employees. Based in Minnetonka, Minnesota, Medica Holding Company aims to provide reliable health services, prioritizing the needs and trust of its diverse stakeholders.


Official website here: www.medica.com

Is Medica Holding Company legitimate?

Medica Holding Company is a legitimate nonprofit organization registered as a 501(c)(4) entity. Medica Holding Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.medica.com

What is the mission statement of Medica Holding Company?

Medica Holding Company aims to establish itself as the preferred health plan for customers, members, partners, and its employees. The company's mission is centered around becoming a trusted entity in the health sector, offering reliability and choice to all its stakeholders. This goal is shared across all Medica entities, positioning themselves as a trusted partner in the healthcare industry.


Official website here: www.medica.com

Who is the CEO of Medica Holding Company?

Elizabeth Erickson is the President & Ceo of Medica Holding Company. The CEO's salary of Medica Holding Company is $0 and their total compensation is $2,880,062.


Official website here: www.medica.com

What is the revenue of Medica Holding Company?

Medica Holding Company's revenue in 2022 was $1,037,106.


Official website here: www.medica.com

Who are the executives of Medica Holding Company and what are their salaries?


Here are 15 key members and their salaries (Medica Holding Company's CEO's salary is $0 and their total compensation is $2,880,062):


John W Naylor (President & Ceo)
  • Compensation: $0
  • Related: $2,835,957
  • Other: $44,105
Rajesh Aggarwal (Director)
  • Compensation: $0
  • Related: $91,875
  • Other: $0
Brigid Bonner (Director)
  • Compensation: $0
  • Related: $83,250
  • Other: $0
John Buck (Director & Chair)
  • Compensation: $0
  • Related: $133,000
  • Other: $0
Peter Kelly (Director)
  • Compensation: $0
  • Related: $87,375
  • Other: $0
Samuel Leon (Director)
  • Compensation: $0
  • Related: $80,750
  • Other: $0
Gaye Adams Massey (Director)
  • Compensation: $0
  • Related: $71,750
  • Other: $0
John Stanoch (Director & Vice Chair)
  • Compensation: $0
  • Related: $92,625
  • Other: $0
Earl Stratton (Director)
  • Compensation: $0
  • Related: $92,625
  • Other: $0
Mary Twinem (Director)
  • Compensation: $0
  • Related: $87,375
  • Other: $0
Mary P Quist (Svp Fin & Corp Controller)
  • Compensation: $0
  • Related: $663,642
  • Other: $55,294
Mark L Baird (Svp & Cfo)
  • Compensation: $0
  • Related: $1,039,962
  • Other: $27,542
David H Ellenbogen (Svp Sec & General Counsel)
  • Compensation: $0
  • Related: $735,741
  • Other: $99,633
Esther Tomljanovich (Former Director)
  • Compensation: $0
  • Related: $11,500
  • Other: $0
James P Jacobson (Former Svp Sec & Gen Counsel)
  • Compensation: $0
  • Related: $595,469
  • Other: $0


Official website here: www.medica.com

Where can I find the form 990 for Medica Holding Company?

Medica Holding Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.medica.com

Learn more at the official website: www.medica.com

Mission Statement of Medica Holding Company

Medica Holding Company, as the umbrella entity for all Medica entities, aims to establish a strong position as the preferred health plan for its customers, members, partners, and employees. This mission is centered around building trust and reliability, positioning Medica as the go-to choice for managing health-related needs. The company's ultimate goal is to create a positive impact on the lives of those it serves, fostering a sense of confidence and support in its ability to deliver quality healthcare services.

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Impact




October, 2024

Medica Holding Company serves as a pivotal force in the healthcare landscape, striving to be the trusted health plan of choice for various stakeholders, including customers, members, partners, and employees. Based in Minnetonka, Minnesota, Medica acts as the umbrella organization for its various health plan entities, focusing on delivering reliable and accessible healthcare services.

The company's mission is centered on trust and partnership, emphasizing the importance of relationships with its members and the broader community. By prioritizing quality care and member satisfaction, Medica enhances the overall healthcare experience, fostering a supportive environment that meets the diverse needs of its clientele. Their commitment to public benefit reflects a holistic approach to health management, aiming to ensure that individuals and families receive the resources needed to maintain and improve their health.

In addition, Medica's efforts contribute to the broader healthcare ecosystem by promoting collaboration among healthcare providers, engaging in community outreach, and emphasizing preventive care. Through these initiatives, Medica plays an essential role in shaping a healthier society, driving innovation in healthcare delivery, and advocating for the well-being of its members and the greater community.




This information is meant to be a general summary of Medica Holding Company. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,037,106 (2022)
Expenses
$652,335 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,037,106
  • Gross Receipts: $1,037,106

Assets and Liabilities:

  • Total Assets: $602,876,570
  • Total Liabilities: $108,433,048
  • Net Assets: $494,443,522

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Organization Details

Founding Year

2002

Principal Officer

Elizabeth Erickson

Main Address

401 CARLSON PARKWAY CP 330, MINNETONKA, MN, 55305

NTEE Category

Code: W11 - Public benefit

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