Delta Dental of California

“The organization amended its bylaws to increase the maximum number of directors from fourteen to sixteen.”

“The organization's bylaws name two classes of "members," "corporate members and "dentist members." all corporate members are also directors of the organization and so are not "members" as defined in the instructions to form 990, part vi, question 6. However, the organization's directors are elected by its parent holding company board of directors, two of whom are not also directors of the organization and thus may be considered "members" pursuant to the instructions. The dentist members have a right to vote upon proposed changes to the proportion of the dentists serving as directors and corporate members, and so may be considered "members" under the instructions.”

“The organization's directors are elected by the parent holding company board of directors, which includes two persons who are not also directors of the organization.”

“The dentist members have a right to vote only upon proposed changes to the bylaws provisions that specify the proportion of dentists and lay persons serving as directors and corporate members.”

“The organization's cfo and legal counsel oversee the completion of the form 990, and, prior to filing, review it with the president/ceo and with the organization's board of directors.”

“Each director is required to complete a conflict of interest disclosure statement annually, and between annual statements is required to disclose any new position or relationship formed that potentially raises a conflict of interest. Legal counsel reviews these disclosures and reports the information to the full board of directors.”

“Compensation paid to the ceo and executive vice presidents is approved by the compensation committee of the organization. The compensation committee approves compensation for the ensuing year after reviewing comparability data presented by an independent outside compensation consultant, an assessment of each officer's performance over the preceding year, and the organization's program accomplishments for the prior year. Compensation paid to directors is also approved by the compensation committee after reviewing comparability data in a benchmarking study prepared and presented by an independent outside compensation consultant retained by the board of directors. These processes were followed for 2024 compensation.”

“The organization makes its financial statement available to persons or entities known to have an interest in the organization. Statutory financial statements for subsidiary companies are included in quarterly and annual returns to state departments of insurance regulating the organization which returns are available to the public. The organization does not make its governing documents or conflict of interest policy available to the public.”

“The organization, regulated by the california department of managed health care, is a member of the delta dental of california enterprise companies, which include delta dental of california, delta dental of pennsylvania, and affiliated companies. The enterprise offers dental coverage in all 50 states, the district of columbia, puerto rico, and the u.s. Virgin islands, with a local presence in communities across the country, providing groups and individuals with quality, cost-effective dental insurance, and superior customer service. The enterprise companies comprise the nation's largest dental benefits delivery systems covering 27.1 million enrollees and handling 54 million claims. Total revenue for the enterprise exceeded $10.8 billion in 2024. The organization represents approximately 58% of total enterprise revenues.”

“Pension liability and post-retirement adjustments 6,214,752. Income from disregarded entity -164,061. Net unrealized gain on marketable securities 1,556,000.”