Medica Holding Company is a 501(c)(4) organization based in Minnetonka, Minnesota, registered in 2018, with $156,385,778 in FY2024 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
Revenue (FY2024)
$156.4M
▲ 596.7% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$1.6M
Net assets
$586.8M
Employees
0
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Medica Holding Company: 0% to programs earns a F on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Medica Holding Company: 4470 mo reserves · +99% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Medica Holding Company: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Medica Holding Company: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Revenue grew from $0 (FY2017) to $156.4M (FY2024) across 8 reported years.
Financial snapshot
Operating margin
99.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$586.9M
Total liabilities
$153K
Net assets
$586.8M
Salaries & benefits
$0
0% of expenses
Board members
10
9 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $156,385,778▲597% | $1,575,144▼88.7% | $586,792,448▲25.2% | $586,945,448▲25.2% | 990 |
| 2023 | $22,445,270▲2064% | $13,956,522▲2039% | $468,516,723▼5.2% | $468,669,723▼22.3% | 990 |
| 2022 | $1,037,106▲4018% | $652,335▲408% | $494,443,522▼5.2% | $602,876,570▲15.6% | 990 |
| 2021 | $25,184▼94.8% | $128,481▲31.9% | $521,450,691▲31.5% | $521,450,691▲31.5% | 990 |
| 2020 | $481,640▼56.3% | $97,375▲416% | $396,466,769▲607% | $396,466,769▲607% | 990 |
| 2019 | $1,101,365 | $18,861 | $56,082,504 | $56,082,504 | 990 |
| 2018 | $0 | $0 | $0 | $0 | 990 |
| 2017 | $0 | $0 | $0 | $0 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alicia Reuter | Svp & Chief Legal Officer, Secretary | 0 | — |
| Brigid Bonner | Director | 0 | — |
| David H Ellenbogen | Former Svp Sec & Gen Counsel | 0 | — |
| Earl Stratton | Director | 0 | — |
| Elizabeth F Erickson | President, Ceo, & Treas Thru 1/2024 | 0 | — |
| Gaye Adams Massey | Director | 0 | — |
| James Jacobson | Former Svp Sec & Gen Couns | 0 | — |
| John Buck | Director & Chair | 0 | — |
| John Naylor | Former President & Ceo | 0 | — |
| John Stanoch | Director & Vice Chair | 0 | — |
| Krista Dusil | Svp, Cfo, & Treasurer | 0 | — |
| Mark L Baird | Former Svp & Cfo | 0 | — |
| Mary P Quist | Sr. Vp, Finance Thru 6/2024 | 0 | — |
| Mary Twinem | Director | 0 | — |
| Peter Kelley | Director | 0 | — |
| Rajesh Aggarwal | Director | 0 | — |
| Samuel Leon | Former Director | 0 | — |
| Ugwuji Maduekwe | Director | 0 | — |
Explore more
Data for Medica Holding Company (EIN 01-0571840) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.