Civic Intelligence

Osma Health - Health Plan

990 • Fiscal year 2016 • EIN 27-0093845

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 08, 2017

313 NE 50ThOklahoma City, OK 73105

(405) 843-9571

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.27x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.16x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Net Margin

35th percentile

-0.4%

Higher net margin than 35% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

62nd percentile

$53,588

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Asset Growth

22nd percentile

-6.1%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

24th percentile

-5.7%

Faster revenue growth than 24% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$6,789,895

Down $438,471 (-6.1%) from 2015

Net Assets

Down

$4,939,780

Down $3,537 (-0.1%) from 2015

Liabilities

Down

$1,850,115

Down $434,934 (-19%) from 2015

Revenue

Down

$11,750,577

Down $707,516 (-5.7%) from 2015

Expenses

Down

$11,794,036

Down $1,150,948 (-8.9%) from 2015

Net Income

Up

-$43,459

Up $443,432 (+91%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $5,218,149Liabilities 2012: $3,077,462Net Assets 2012: $2,140,6872012Assets 2013: $6,937,882Liabilities 2013: $2,276,436Net Assets 2013: $4,661,4462013Assets 2015: $7,228,366Liabilities 2015: $2,285,049Net Assets 2015: $4,943,3172015Assets 2016: $6,789,895Liabilities 2016: $1,850,115Net Assets 2016: $4,939,7802016Assets 2018: $8,998,054Liabilities 2018: $1,843,489Net Assets 2018: $7,154,5652018Assets 2019: $11,459,751Liabilities 2019: $1,964,057Net Assets 2019: $9,495,6942019Assets 2020: $11,962,952Liabilities 2020: $1,953,159Net Assets 2020: $10,009,7932020Assets 2021: $12,168,080Liabilities 2021: $2,019,385Net Assets 2021: $10,148,6952021Assets 2022: $11,959,151Liabilities 2022: $2,134,033Net Assets 2022: $9,825,1182022Assets 2023: $10,424,113Liabilities 2023: $4,410,084Net Assets 2023: $6,014,0292023Assets 2024: $9,666,644Liabilities 2024: $3,087,615Net Assets 2024: $6,579,0292024

Highlighted filing

2016

Assets$6,789,895
Liabilities$1,850,115
Net Assets$4,939,780

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2012: $18,446,8152012Revenue 2013: $16,687,957Expenses 2013: $14,501,539Net Income 2013: $2,186,4182013Revenue 2015: $12,458,093Expenses 2015: $12,944,984Net Income 2015: -$486,8912015Revenue 2016: $11,750,577Expenses 2016: $11,794,036Net Income 2016: -$43,4592016Revenue 2018: $10,760,422Expenses 2018: $9,040,068Net Income 2018: $1,720,3542018Revenue 2019: $12,248,398Expenses 2019: $10,284,566Net Income 2019: $1,963,8322019Revenue 2020: $15,021,770Expenses 2020: $14,310,099Net Income 2020: $711,6712020Revenue 2021: $13,362,437Expenses 2021: $13,636,535Net Income 2021: -$274,0982021Revenue 2022: $14,551,429Expenses 2022: $14,554,181Net Income 2022: -$2,7522022Revenue 2023: $18,612,542Expenses 2023: $21,889,129Net Income 2023: -$3,276,5872023Revenue 2024: $24,303,607Expenses 2024: $24,088,561Net Income 2024: $215,0462024

Highlighted filing

2016

Revenue$11,750,577
Expenses$11,794,036
Net Income-$43,459
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$11,750,577
Mission and Program Overview

Mission

The corporation's specific purposes are to (1) act as a sponsor of a health benefit program and any other welfare benefit programs as directed by the osma house of delegates and/or board of trustees; and (2) establish a trust(s) through which the health and welfare benefit plans will be offered.

The Corporation's specific purposes are to (1 act as a sponsor of a health benefit program and any other welfare benefit programs as directed by the OSMA House of Delegates and/or Board of Trustees; and (2) establish a trust(s) through which the health and welfare benefit plans will be offered.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,581,048$3,896,706▲ $315,658
Savings and Temporary Cash Investments$1,976,034$1,976,234▲ $200
Cash and Non-Interest-Bearing Accounts$1,666,865$899,505▼ $767,360
Accounts Receivable$4,419$16,600▲ $12,181
Prepaid Expenses and Deferred Charges-$850-
Total Assets$7,228,366$6,789,895▼ $438,471
Liabilities
Other Liabilities$2,058,840$1,618,634▼ $440,206
Deferred Revenue$76,057$206,577▲ $130,520
Accounts Payable and Accrued Expenses$150,152$24,904▼ $125,248
Total Liabilities$2,285,049$1,850,115▼ $434,934
Net Assets / Fund Balance
Unrestricted Net Assets$4,943,317$4,939,780▼ $3,537
Total Net Assets Fund Balance$4,943,317$4,939,780▼ $3,537
Total Liabilities and Net Assets / Fund Balance$7,228,366$6,789,895▼ $438,471
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Phelps W FrankPresidentPT$53,588$53,588
Haugh MichaelDirector-$18,225$18,225
Robinson JohnTreasurer-$5,100$5,100
Voss DaryleDirector-$4,975$4,975
Beller JackVice President-$4,775$4,775
Caldwell GeorgeDirector-$4,725$4,725
Schoeffler LeeDirector-$4,725$4,725
Heaton DianeDirector-$4,150$4,150
Oehlert WilliamDirector-$4,025$4,025
Neikirk DaleDirector-$3,700$3,700
Shavney TeresaDirector-$3,525$3,525
Stone DanaDirector-$2,775$2,775
King KennethDirector-$1,350$1,350
Dearborn ShirleyDirector-$800$800
Jenkins WoodyDirector-$734$734
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,525,437
Investment Income
$126,637
Other Revenue
$98,503
Change in Net Assets
$-43,459

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,750,576
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$189,923
Total Revenue per Audited Statements
$11,940,499
Total Revenue per Form 990
$11,750,576
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,624,037
Salaries, Compensation, and Employee Benefits$117,172
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$10,052,827
Fees for Services Management---$846,881
Insurance---$126,959
Current Officers, Directors, Trustees, and Key Employees---$117,172
Fees for Services Accounting---$82,792
Information Technology---$56,935
Other Expenses---$35,662
Fees for Services Legal---$34,736
Advertising---$34,449
Travel---$11,675
Fees for Service Investment Mgmnt Fees---$8,933
Office Expenses---$2,114
Total Functional Expenses$0$0$0$11,794,036

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,794,036
Total Expenses per Audited Statements$11,794,036
Total Expenses per Form 990$11,794,036
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
benefits claims liabilities$1,618,634
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The president of the organization performs a detailed review of the form 990 before it is submitted to the irs.

Form 990, Part VI, Section B, line 12C

Board members are required to formally acknowledge their compliance with the conflict-of-interest policy on an annual basis

Form 990, Part VI, Section C, line 19

documents available upon request

Filing and Contact Details

Filer

Filer Name
OSMA Health
EIN
27-0093845
Phone
4058439571
Address
313 NE 50Th, Oklahoma City, OK 73105

Signing Officer

Name
W F Phelps MD
Title
president
Phone
4058439571
Signed
2017-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W F Phelps MD
Formed
2004
Legal Domicile
Ok
Voting Board Members
15
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Moss Adams LLP
Address
6565 Americas Parkway NE Ste 600, Albuquerque, NM 87110
Preparer
Pamela Alexanderson
Phone
5058787200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Benefits incurred but not reported -150,000.

Financial Statement Notes

Part X, Line 2:

The Plan is a tax-exempt organization under Section 501(c) (9) of the Internal Revenue Code (IRC) and is, therefore, not subject to federal income taxes under present income tax laws. The Plan has been approved by the Internal Revenue Service (IRS) for taxexempt status. However, per code section 512(a)(3)(E)(i), to the extent that a setaside for any given year causes the plan assets at year end, to exceed the account limit as described by code section 419A, the excess amount is considered to be unrelated business taxable income (to the extent of investment income). The Plan incurred income tax expense of $35,662 and $4,680 during the years ended December 31, 2016 and 2015, respectively. In accordance with guidance on accounting for uncertainty in income taxes, Management evaluated the Plan's tax positions and does not believe the Plan has any uncertain tax positions that require adjustment to the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990/OtherExpensesGrp/Desc1transitional reinsuranc
IRS990/OtherExpensesGrp/Desc2income tax expense - UB
IRS990/OtherExpensesGrp/TotalAmt0335657
IRS990/OtherExpensesGrp/TotalAmt147244
IRS990/OtherExpensesGrp/TotalAmt235662
IRS990/OtherLiabilitiesGrp/BOYAmt02058840
IRS990/OtherLiabilitiesGrp/EOYAmt01618634
IRS990/OtherRevenueMiscGrp/BusinessCd0990099
IRS990/OtherRevenueMiscGrp/Desc0Legal Expense Reimbursement
IRS990/OtherRevenueMiscGrp/ExclusionAmt098503
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt098503
IRS990/OtherRevenueTotalAmt098503
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0850
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0Plan Contributions
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011525437
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt010758980
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0156315
IRS990/PYOtherExpensesAmt02072929
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt012301778
IRS990/PYRevenuesLessExpensesAmt0-486891
IRS990/PYSalariesCompEmpBnftPaidAmt0113075
IRS990/PYTotalExpensesAmt012944984
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012458093
IRS990/ReconcilationRevenueExpnssAmt0-43459
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01976234
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0189923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01618634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0benefits claims liabilities
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011750576
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Plan is a tax-exempt organization under Section 501(c) (9) of the Internal Revenue Code (IRC) and is, therefore, not subject to federal income taxes under present income tax laws. The Plan has been approved by the Internal Revenue Service (IRS) for taxexempt status. However, per code section 512(a)(3)(E)(i), to the extent that a setaside for any given year causes the plan assets at year end, to exceed the account limit as described by code section 419A, the excess amount is considered to be unrelated business taxable income (to the extent of investment income). The Plan incurred income tax expense of $35,662 and $4,680 during the years ended December 31, 2016 and 2015, respectively. In accordance with guidance on accounting for uncertainty in income taxes, Management evaluated the Plan's tax positions and does not believe the Plan has any uncertain tax positions that require adjustment to the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt011794036
IRS990ScheduleD/TotalLiabilityAmt01618634
IRS990ScheduleD/TotalRevenuePerForm990Amt011750576
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011940499
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011794036
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT OF THE ORGANIZATION PERFORMS A DETAILED REVIEW OF THE FORM 990 BEFORE IT IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are required to formally acknowledge their compliance with the conflict-of-interest policy on an annual basis
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2documents available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Benefits incurred but not reported -150,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, line 9:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OKLAHOMA STATE MEDICAL ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0730384245
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0trade association
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0313 ne 50th street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0oklahoma city
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd073105
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt06789895
IRS990/TotalAssetsGrp/BOYAmt07228366
IRS990/TotalAssetsGrp/EOYAmt06789895
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt011794036
IRS990/TotalGrossUBIAmt0126637
IRS990/TotalLiabilitiesBOYAmt02285049
IRS990/TotalLiabilitiesEOYAmt01850115
IRS990/TotalLiabilitiesGrp/BOYAmt02285049
IRS990/TotalLiabilitiesGrp/EOYAmt01850115
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04939780
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt011525437
IRS990/TotalReportableCompFromOrgAmt0117172
IRS990/TotalRevenueGrp/ExclusionAmt098503
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011750577
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0126637
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07228366
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06789895
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt011675
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04943317
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04939780
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0313 NE 50Th
IRS990/USAddress/CityNm0Oklahoma City
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd073105
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0n/a
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0W F Phelps MD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0president
ReturnHeader/BusinessOfficerGrp/PhoneNum04058439571
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OSMA Health
ReturnHeader/Filer/BusinessNameControlTxt0OSMA
ReturnHeader/Filer/EIN0270093845
ReturnHeader/Filer/PhoneNum04058439571
ReturnHeader/Filer/USAddress/AddressLine1Txt0313 NE 50Th
ReturnHeader/Filer/USAddress/CityNm0Oklahoma City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd073105
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03080F841D16728F1600149D9F473ACA5DC9A8F8B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

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