Civic Intelligence

University of Michigan Health Medicare

990 • Fiscal year 2024 • EIN 83-2766121

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 13, 2025

1301 N Hagadorn Rd Ste 1EEast Lansing, MI 48823

(517) 364-8400

Siviq Scores

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

Liabilities / Assets

75th percentile

0.63x

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

2024 filings • 501(c)4 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.29x

Higher debt load relative to revenue than 56% of similar nonprofits.

2024 filings • 501(c)4 • $100M-$250M nonprofits • Source year 2024

Net Margin

19th percentile

-22%

Higher net margin than 19% of similar nonprofits.

2024 filings • 501(c)4 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$1,638,233

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2024 filings • 501(c)4 • $100M-$250M nonprofits • Source year 2024

Asset Growth

90th percentile

35%

Faster asset growth than 90% of similar nonprofits.

2024 filings • 501(c)4 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

19%

Faster revenue growth than 69% of similar nonprofits.

2024 filings • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$50,027,642

Up $12,992,662 (+35%) from 2023

Net Assets

Up

$18,474,064

Up $2,124,551 (+13%) from 2023

Liabilities

Up

$31,553,578

Up $10,868,111 (+53%) from 2023

Revenue

Up

$108,677,994

Up $17,511,872 (+19%) from 2023

Expenses

Up

$132,427,259

Up $20,227,795 (+18%) from 2023

Net Income

Down

-$23,749,265

Down $2,715,923 (-13%) from 2023

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2019: $12,116,123Liabilities 2019: $2,761,632Net Assets 2019: $9,354,4912019Assets 2020: $16,367,078Liabilities 2020: $12,397,602Net Assets 2020: $3,969,4762020Assets 2021: $27,571,426Liabilities 2021: $16,190,019Net Assets 2021: $11,381,4072021Assets 2022: $12,097,036Liabilities 2022: $12,814,181Net Assets 2022: -$717,1452022Assets 2023: $37,034,980Liabilities 2023: $20,685,467Net Assets 2023: $16,349,5132023Assets 2024: $50,027,642Liabilities 2024: $31,553,578Net Assets 2024: $18,474,0642024

Highlighted filing

2024

Assets$50,027,642
Liabilities$31,553,578
Net Assets$18,474,064

Operations Trend

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

$150M$100M$50M$0-$50MRevenue 2019: $149,902Expenses 2019: $5,407,411Net Income 2019: -$5,257,5092019Revenue 2020: $30,826,922Expenses 2020: $44,811,937Net Income 2020: -$13,985,0152020Revenue 2021: $51,693,098Expenses 2021: $64,781,167Net Income 2021: -$13,088,0692021Revenue 2022: $78,100,472Expenses 2022: $90,199,024Net Income 2022: -$12,098,5522022Revenue 2023: $91,166,122Expenses 2023: $112,199,464Net Income 2023: -$21,033,3422023Revenue 2024: $108,677,994Expenses 2024: $132,427,259Net Income 2024: -$23,749,2652024

Highlighted filing

2024

Revenue$108,677,994
Expenses$132,427,259
Net Income-$23,749,265
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$108,677,994
Mission and Program Overview

Mission

Php medicare's mission is to improve the health status of its members by facilitating quality, compassionate, accessible, cost effective healthcare.

University of michigan health medicare's mission is to improve the health status of its members by facilitating quality, compassionate, accessible, cost effective healthcare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$28,626,888$11,275,053▼ $17,351,835
Accounts Receivable$7,185,520$11,175,967▲ $3,990,447
Investments in Publicly Traded Securities$1,178,360$1,239,281▲ $60,921
Prepaid Expenses and Deferred Charges$38,572--
Total Assets$37,283,795$50,027,642▲ $12,743,847
Other Assets Total$254,455$26,337,341▲ $26,082,886
Liabilities
Accounts Payable and Accrued Expenses$19,940,652$29,171,438▲ $9,230,786
Other Liabilities$2,014,703$2,343,349▲ $328,646
Deferred Revenue$105,111$38,791▼ $66,320
Total Liabilities$22,060,466$31,553,578▲ $9,493,112
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,223,329$18,474,064▲ $3,250,735
Total Net Assets Fund Balance$15,223,329$18,474,064▲ $3,250,735
Total Liabilities and Net Assets / Fund Balance$37,283,795$50,027,642▲ $12,743,847

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$26,337,341--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$9,785,856$321,482▲ $130,539-$10,237,877
2023$9,199,222$273,470▲ $313,164-$9,785,856
2022$6,297,032$5,192,208▼ $280,050-$11,209,190
2021$5,606,321$561,053▲ $129,658-$6,297,032
2020$4,912,247$237,860▲ $456,214-$5,606,321
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Margaret DimondPres/CEO-um-$1,464,110$1,464,110
James DoverFmr Pres/CEO-$1,087,440$1,087,440
Iftiker Ahmad MdFormer Direc-$672,294$672,294
Joseph RuthFormer Direc-$519,724$519,724
Dennis ReeseForm.preside-$504,734$504,734
Paula ReichleFormer Treas-$499,713$499,713
Walter BriggsVP OperationFT$251,759$251,759
Phyllis FisherVP OperationFT$243,156$243,156
Kenneth WalkerDirector of NetwoFT$228,114$228,114
Jennifer JohnstonVP Sales & MFT$221,083$221,083
Ann Hunt-fugate RphMang. ClinicFT$215,979$215,979
Andrea KosloskiFormer Direc-$128,458$128,458
Sharon WilliamsPresidentFT$99,000$99,000
John PirichDirector-$1,560$1,560

Board Members and Trustees

NameTitle
Keith DickeyChair
Dennis ReeseForm.president & CEO
Audrey Liangyue-wanling FanDirector
Douglas Edema MdDirector
Kevin AlbostaDirector
Kimberly RossDirector
Richard BrunerDirector
Kenneth WalkerDirector of Network Cont.
Andrea KosloskiFormer Director
Iftiker Ahmad MdFormer Director
Joseph RuthFormer Director
James DoverFmr Pres/CEO-umh Spa
Nicole WernerFormer CFO
Paula ReichleFormer Treasurer
Ann Hunt-fugate RphMang. Clinical Pharm
Timothy Peterson MdOfficer
Margaret DimondPres/CEO-um Health
Eric StruckoTreasurer
Phyllis FisherVP Operations
Walter BriggsVP Operations
Jennifer JohnstonVP Sales & Marketing

Highest Paid Contractors

ContractorServicesLocationCompensation
Lumeris Healthcare OutcomesMgmt Consulting13900 EICWEPOER DR, Maryland Heights, MO 63043$12,677,322
MergeMkt Services200 E RANDOLPH ST SUITE 3450, Chicago, IL 60601$1,044,295
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$107,421,568
Investment Income
$1,256,426
Other Revenue
$0
Change in Net Assets
$-23,749,265

Audited Revenue Reconciliation

Revenue per Audited Statements
$108,528,405
Revenue Not Reported on Financial Statements
$149,589
Other Revenue Adjustments
$147,414
Total Revenue per Audited Statements
$108,528,405
Total Revenue per Form 990
$108,677,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,557,813
Salaries, Compensation, and Employee Benefits$1,639,952
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$108,229,494--$108,229,494
Fees for Services Management$12,668,993--$12,668,993
Fees for Services Other$3,120,631--$3,120,631
Other Salaries and Wages-$1,292,470-$1,292,470
Office Expenses$304,564$97,767-$402,331
Other Employee Benefits-$347,482-$347,482
Advertising$136,627$43,858-$180,485
Other Expenses$124,915$40,098-$165,013
Travel-$10,458-$10,458
Fees for Service Investment Mgmnt Fees-$2,175-$2,175
Occupancy-$380-$380
Fees for Services Accounting$50--$50
Total Functional Expenses$130,592,571$1,834,688$0$132,427,259

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$132,427,259
Expenses per Audited Statements$132,277,670
Total Expenses per Audited Statements$132,277,670
Expenses Not Reported on Financial Statements$149,589
Other Expense Adjustments$147,414
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
Related Party Payable$2,343,349
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

University of michigan health plan is the sole member of university of michigan health medicare. University of michigan health holdings is the parent and sole member of university of michigan health plan and has 100% ownership. University of michigan health holdings is owned by michigan medicine at 90% and covenant healthcare system at 10%.

Form 990, Page 6, Part VI, Line 7A

University of michigan health plan is the sole member of university of michigan health medicare. University of michigan health holdings is the parent and sole member of university of michigan health plan and has 100% ownership. The board members elected by the board of directors are ratified by the university of michigan health plan board of directors. Decisions of the university of michigan health medicare board of directors are subject to approval by the university of michigan health holdings board of directors.

Form 990, Page 6, Part VI, Line 7B

University of michigan health plan is the sole member of university of michigan health medicare. University of michigan health holdings is the parent and sole member of university of michigan health plan and has 100% ownership. The board members elected by the board of directors are ratified by the university of michigan health plan board of directors. Decisions of the university of michigan health medicare board of directors are subject to approval by the university of michigan health holdings board of directors.

Form 990, Page 6, Part VI, Line 11B

Copies of the 2024 form 990 are reviewed by management. Once management has completed its review of the form 990, draft copies are forwarded to board members for review prior to submitting.

Form 990, Page 6, Part VI, Line 12C

1) corporate compliance sends out conflict of interest policy and questionnaires to all voting board members and the executive team annually. 2) all disclosures are received and reviewed by corporate compliance. 3) all disclosures are given a resolution code and presented to the ceo and governance committee of the board. 4) all board/committee level disclosures are provided to the respective board chair and executive liaison to ensure issues can be addressed on a transactional level (i.e. If a vote is required on a transaction involving an interested person).

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation for the ceo involved the following: utilizing the compensation committee, using independent consultants, reviewing other similar organizations' 990s, using compensation surveys and final approval by the applicable board of directors, as well as finalizing the salary package with a written employment contract.

Form 990, Page 6, Part VI, Line 15B

The process for determining compensation for the officers and key employees of the organization involved the following: utilizing the compensation committee, using independent consultants, reviewing other similar organizations' 990s, using compensation surveys and final approval by the applicable board of directors, as well as finalizing the salary package with a written employment contract.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy and financial statements are made available to the public as follows: the governing documents of university of michigan health plan are submitted to the department of insurance and financial services (difs). Those are publicly available to interested parties. The conflict of interest is available upon request.

Filing and Contact Details

Filer

Filer Name
University of Michigan Health
EIN
83-2766121
Phone
5173648400
Address
1301 N HAGADORN RD STE 1E, EAST LANSING, MI 48823

Signing Officer

Name
Sharon Williams
Title
President
Phone
5173648400
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Williams
Formed
2018
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
4
Employees
0

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
4295 OKEMOS RD STE 200, OKEMOS, MI 48864-6201
Preparer
Julie M Pfeifle
Phone
5177060800
Supplemental Narrative

Additional Explanations

Form 990

All lines left blank are not applicable to the organization.

Form 990, Page 2, Part III, Line 4A

University of michigan health medicare is a non-profit health maintenance organization (hmo). University of michigan health medicare uses a primary care concept for delivering health care in a health delivery network (hdn) structure. It arranges for the provision of comprehensive outpatient and inpatient medical and surgical services to members on the basis of a fixed prepaid sum without regard to the frequency or extent of services furnished to any particular member. University of michigan health medicare's commitment is to develop and deliver quality managed care products at a reasonable cost for its members. University of michigan health medicare is wholly owned by university of michigan health plan. University of michigan health plan is primarily a commercial hmo. Along with university of michigan health medicare, university of michigan health plan operates university of michigan health insurance company, a commercial insurance company and university of michigan health service company, a third party administrator. All staffing functions and reporting are accomplished through the use of the same staff as university of michigan health plan. Unless specifically noted, all references to university of michigan health plan apply to uofm health plan, uofm health insurance company, and uofm health medicare. University of michigan health plans service area includes the michigan counties of ingham, eaton, clinton, shiawassee, montcalm, gratiot, ionia, jackson, hillsdale and portions of isabella, saginaw, washtenaw, and lenawee. Uofm health insurance company offers products across michigan. As of december 31, 2024, there were approximately 28,100 enrollees in uofm health plans commercial hmo, 25,300 in tpa, 2,300 in uofm health insurance company, and 8,300 enrollees in uofm health medicare. The university of michigan health plan network is approximately 3,068 primary care physicians, 5,503 specialty care physicians, 3,906 allied health professionals, 3,482 behavioral health providers and 746 organizational providers that include 60 hospitals. Uofm health plan contracts with various hdns who provide healthcare services to members. Uofm health plans commitment is to develop and deliver quality managed care products at reasonable costs for its members. Uofm health plans success in managing health care is due in part to the extensive network of participating providers in the hdn network. The hmo/hdn contractual arrangements allow uofm health plan to arrange for healthcare to patients covered by the state of michigans medicaid benefit plan. This arrangement allows the members to access a wide variety of independent providers within each hdn including physicians, hospitals, pharmacies, skilled nursing facilities, and allied health professionals. Uofm health plan members may also receive care for services from a nonparticipating provider if such referral is recommended by an hdn participating physician and the service required for treatment, as determined by hdn, is not available within the hdns network. Uofm health plan offers a variety of healthcare programs, or products to groups and individuals. Uofm health plan offers choices that provide coverage within the network of contracted hdn providers, limited coverage outside of the uofm health plan network, various levels of deductibles, co-payments, and coverage limits, all of which are designed to be responsive to customer needs. Uofm health plan measures the quality of care provided to its enrollees through annual review of indicators such as: -disease management program participation and outcomes. -quality of care concerns. -hedis measures the health plan effectiveness data and information set (hedis) is a group of nationally recognized measures of health plans performance in a variety of clinical and non-clinical areas. Uofm health plan uses the effectiveness of care measures to determine progress and improvement in areas such as: -diabetes, -asthma, -depression and follow-up after ment

Form 990, Part XI, Line 9

Capital contributions 27,000,000

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

University of michigan health medicare does not hold endowments. The endowments are held by university of michigan health - sparrow foundation. University of michigan health plan is the sole member of uofm health medicare. University of michigan health sparrow has an indirect controlling interest in university of michigan health plan and is the sole member of university of michigan health - sparrow foundation. The endowment funds reported are for the 6/30/2024 tax year. The endowments are maintained to provide a permanent source of income, with the stipulation the principal is kept intact in perpetuity and the income generated from investments of the endowment funds can be used for the purpose established by the endowment.

Schedule D, Page 4, Part XI, Line 4B

REINSURANCE 147,414

Schedule D, Page 4, Part XII, Line 4B

REINSURANCE 147,414

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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