Medica Holding Company

Is Medica Holding Company Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Medica Holding Company directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Medica Holding Company

Medica Holding Company (EIN: 10571840) is a nonprofit organization based in Minnetonka, MN, classified under NTEE code W11. The organization reported total revenue of $161.1M and total assets of $586.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Medica Holding Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Medica Holding Company with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Medica Holding Company allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an entity with significant assets and revenue.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Medica Holding Company's IRS 990 filings:

• Highly inconsistent revenue and expense reporting across periods, making trend analysis difficult.
• Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary data.
• Consistent 0% officer compensation for an organization with significant assets and revenue, which is unusual and may indicate compensation is reported elsewhere or through an affiliate.

Strengths

The following positive indicators were identified for Medica Holding Company:

• Substantial asset base ($586,945,448) indicating strong financial reserves.
• Consistent reporting of 0% officer compensation, suggesting resources are not allocated to executive salaries.
• Positive net income in several recent periods (e.g., 202312: $22.4M revenue vs. $13.9M expenses; 202212: $1.03M revenue vs. $0.65M expenses).

Frequently Asked Questions about Medica Holding Company

Filing History

IRS 990 filing history for Medica Holding Company showing financial trends over 13 years of public records:

In its most recent filing year (2023), Medica Holding Company reported a surplus of $8.5M, with revenue exceeding expenses. The organization holds $153K in liabilities against $468.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $468.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $22.4M, expenses of $14.0M, and assets of $468.7M (revenue +2064.2% year-over-year).
• 2022: Revenue of $1.0M, expenses of $652K, and assets of $602.9M (revenue +4018.1% year-over-year).
• 2021: Revenue of $25K, expenses of $128K, and assets of $521.5M (revenue -94.8% year-over-year).
• 2020: Revenue of $482K, expenses of $97K, and assets of $396.5M (revenue -56.3% year-over-year).
• 2019: Revenue of $1.1M, expenses of $19K, and assets of $56.1M.
• 2018: Revenue of $0, expenses of $0, and assets of $0.
• 2017: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
• 2016: Revenue of $20.0M, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
• 2014: Revenue of $20.0M, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
• 2013: Revenue of $20.0M, expenses of $0, and assets of $1.
• 2011: Revenue of $0, expenses of $0, and assets of $14.
• 2009: Revenue of $0, expenses of $0, and assets of $0.
• 2008: Revenue of $0, expenses of $0, and assets of $0.

Data Sources and Methodology

This transparency report for Medica Holding Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.