Medica Holding Company
Minnetonka, MN 55305 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $156,385,778 | $1,575,144 | $586,792,448 |
| FY2023 | $22,445,270 | $13,956,522 | $468,516,723 |
| FY2022 | $1,037,106 | $652,335 | $494,443,522 |
| FY2021 | $25,184 | $128,481 | $521,450,691 |
| FY2020 | $481,640 | $97,375 | $396,466,769 |
| FY2019 | $1,101,365 | $18,861 | $56,082,504 |
| FY2018 | $0 | $0 | $0 |
| FY2017 | $0 | $0 | $0 |
| FY2016 | $20,000,000 | $0 | $0 |
| FY2014 | $20,000,000 | $0 | $0 |
| FY2013 | $20,000,000 | $0 | $0 |
| FY2011 | $0 | $0 | $0 |
| FY2009 | $0 | $0 | $0 |
| FY2008 | $0 | $0 | $0 |
Form 990 filings
The returns filed by Medica Holding Company (EIN 01-0571840), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $0 | 0% |
| Other revenue | $156,385,778 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $0 | 0% |
| Management & general | $1,575,144 | 100% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 100% of total revenue in FY2024.
- Program services accounted for 0% of functional expenses, management & general 100%, and fundraising 0%.
- 0% of functional expenses went to program services in FY2024.
- Net assets covered about 4470.4 months of expenses at the end of the reporting year. That is the highest among 121 Public & Societal Benefit organizations in MN.
- Total revenue was the highest among 121 Public & Societal Benefit organizations in MN.
- Total revenue rose from $0 in FY2008 to $156,385,778 in FY2024. Revenue increased in 5 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2021).
- Net assets grew from $0 to $586,792,448 between FY2008 and FY2024.
- The IRS automatically revoked this organization's tax-exempt status on May 15, 2010; it was reinstated on May 15, 2010.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO BE THE TRUSTED HEALTH PLAN OF CHOICE FOR CUSTOMERS, MEMBERS, PARTNERS AND OUR EMPLOYEES.
IRS status
| Ruling year | 2018 |
| Subsection | 501(c)(4) |
| Program area (NTEE) | W11 — Public & Societal Benefit |
| Automatic revocation | May 15, 2010 — reinstated May 15, 2010 |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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