Nonprofit · EIN 01-0571840
MEDICA HOLDING COMPANY
Tax-exempt (reinstated) · MINNETONKA, MN 55305
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $156,385,778 | $1,575,144 | $154,810,634 | $586,945,448 | $153,000 | $586,792,448 |
| December 31, 2023 | 990 (amended) | $22,445,270 | $13,956,522 | $8,488,748 | $468,669,723 | $153,000 | $468,516,723 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $156,385,778
- Net gain from sales of assets
- -$163,588
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $1,575,144
Balance sheet and other
- Total assets, start of year
- $468,669,723
- Total assets, end of year
- $586,945,448
- Total liabilities, end of year
- $153,000
- Net assets, end of year
- $586,792,448
- Publicly traded securities
- $187,118,727
- Net assets without donor restrictions
- $586,792,448
- Gross unrelated business income
- -$28,518
- Gross receipts
- $161,115,814
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ELIZABETH F ERICKSON | PRESIDENT, CEO, & TREAS THRU 1/2024 Trustee or director, Officer | 0 | $0 | $1,669,649 | $201,202 |
| KRISTA DUSIL | SVP, CFO, & TREASURER Officer | 0 | $0 | $804,123 | $116,115 |
| MARY P QUIST | SR. VP, FINANCE THRU 6/2024 Officer | 0 | $0 | $604,708 | $35,245 |
| JOHN NAYLOR | FORMER PRESIDENT & CEO Former | 0 | $0 | $565,230 | $0 |
| ALICIA REUTER | SVP & CHIEF LEGAL OFFICER, SECRETARY Officer | 0 | $0 | $408,482 | $72,742 |
| JAMES JACOBSON | FORMER SVP SEC & GEN COUNS Former | 0 | $0 | $403,815 | $0 |
| MARK L BAIRD | FORMER SVP & CFO Former | 0 | $0 | $370,125 | $0 |
| DAVID H ELLENBOGEN | FORMER SVP SEC & GEN COUNSEL Former | 0 | $0 | $224,611 | $1,619 |
| JOHN BUCK | DIRECTOR & CHAIR Trustee or director, Officer | 0 | $0 | $145,250 | $0 |
| JOHN STANOCH | DIRECTOR & VICE CHAIR Trustee or director, Officer | 0 | $0 | $128,500 | $0 |
| RAJESH AGGARWAL | DIRECTOR Trustee or director | 0 | $0 | $100,000 | $0 |
| BRIGID BONNER | DIRECTOR Trustee or director | 0 | $0 | $98,750 | $0 |
| EARL STRATTON | DIRECTOR Trustee or director | 0 | $0 | $95,250 | $0 |
| PETER KELLEY | DIRECTOR Trustee or director | 0 | $0 | $94,750 | $0 |
| MARY TWINEM | DIRECTOR Trustee or director | 0 | $0 | $90,250 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| GAYE ADAMS MASSEY | DIRECTOR Trustee or director | 0 | $0 | $87,750 |
| SAMUEL LEON | FORMER DIRECTOR Former | 0 | $0 | $23,250 |
| UGWUJI MADUEKWE | DIRECTOR Trustee or director | 0 | $0 | $18,500 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN NAYLOR | PRESIDENT & CEO (THRU 9/23) Trustee or director, Officer | 0 | $0 | $5,672,385 | $28,672 |
| ELIZABETH F ERICKSON | PRESIDENT & CEO & CFO Officer | 0 | $0 | $1,203,089 | $39,039 |
| MARY P QUIST | TREASURER/INTERIM CFO Former | 0 | $0 | $808,429 | $49,529 |
| DAVID H ELLENBOGEN | SVP SEC & GEN COUNSEL (THRU 12/23) Officer | 0 | $0 | $773,584 | $45,018 |
| MARK L BAIRD | FORMER SVP & CFO Former | 0 | $0 | $552,044 | $0 |
| JAMES JACOBSON | FORMER SVP SEC & GEN COUNSEL Former | 0 | $0 | $448,077 | $0 |
| JOHN BUCK | DIRECTOR & CHAIR Trustee or director, Officer | 0 | $0 | $163,750 | $0 |
| JOHN STANOCH | DIRECTOR & VICE CHAIR Trustee or director, Officer | 0 | $0 | $121,250 | $0 |
| RAJESH AGGARWAL | DIRECTOR Trustee or director | 0 | $0 | $119,750 | $0 |
| EARL STRATTON | DIRECTOR Trustee or director | 0 | $0 | $114,750 | $0 |
| PETER KELLEY | DIRECTOR Trustee or director | 0 | $0 | $112,500 | $0 |
| MARY TWINEM | DIRECTOR Trustee or director | 0 | $0 | $111,000 | $0 |
| BRIGID BONNER | DIRECTOR Trustee or director | 0 | $0 | $108,000 | $0 |
| SAMUEL LEON | DIRECTOR Trustee or director | 0 | $0 | $100,250 | $0 |
| GAYE ADAMS MASSEY | DIRECTOR Trustee or director | 0 | $0 | $95,000 | $0 |
Address and contacts
- Address (IRS master file)
- 401 CARLSON PARKWAY CP 330, MINNETONKA, MN 55305-5359
- In care of
- % MARY QUIST
- Principal officer (990 for 2024)
- ELIZABETH ERICKSON, 401 CARLSON PARKWAY CP 330, MINNETONKA, MN 55305
- Signed the 990
- KRISTA DUSIL, CFO
- Phone
- (952) 992-2058
- Website
- WWW.MEDICA.COM
- Return prepared by
- KPMG LLP
Mission
TO BE THE TRUSTED HEALTH PLAN OF CHOICE FOR CUSTOMERS, MEMBERS, PARTNERS AND OUR EMPLOYEES.
Program accomplishments
- 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.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0571840
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W11)
- Assets (IRS master file)
- $586,945,448
- Income (IRS master file)
- $161,115,814
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- July 21, 2018
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $156,385,778 | $1,575,144 | $586,945,448 | XML |
| 990 | December 2023 | $22,445,270 | $13,956,522 | $468,669,723 | XML |
| 990 | December 2022 | $1,037,106 | $652,335 | $602,876,570 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0571840).
Questions about MEDICA HOLDING COMPANY
- What is the EIN of MEDICA HOLDING COMPANY?
- The employer identification number (EIN) of MEDICA HOLDING COMPANY is 01-0571840.
- Is MEDICA HOLDING COMPANY tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to MEDICA HOLDING COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEDICA HOLDING COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEDICA HOLDING COMPANY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEDICA HOLDING COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MEDICA HOLDING COMPANY?
- The 990 for the year ended December 31, 2024 names ELIZABETH ERICKSON.
- Who are the officers and directors of MEDICA HOLDING COMPANY?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does MEDICA HOLDING COMPANY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $156,385,778, expenses of $1,575,144 and total assets of $586,945,448 at year end.
Other nonprofits in MINNETONKA
- MINNESOTA GOVERNMENT FINANCE OFFICERS ASSOCIATION EIN 23-7064516 · last filed 990-EZ for 2025
- MMFF NORTHWEST OPEN EIN 82-5172673 · last filed 990-N for 2025
- MEDICA HEALTH PLANS EIN 41-1242261 · last filed 990 for 2024
- CONSUMER CHOICE SERVICES INC EIN 20-2014073 · last filed 990 for 2024
- KINVARA INC EIN 41-1935027 · last filed 990 for 2024
- MEDICA COMMUNITY HEALTH PLAN EIN 41-1843804 · last filed 990 for 2024
- HOMESURA INC EIN 20-2013846 · last filed 990 for 2024
- LIONSGATE ACADEMY EIN 20-8933066 · last filed 990 for 2025
All nonprofits in MINNETONKA · Minnesota · Public and societal benefit