MAPLE GROVE HOSPITAL CORPORATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

TREVOR SAWALLISH

Phone

7635811000

Tax Period

2023-01-01 to 2023-12-31

MAPLE GROVE HOSPITAL CORPORATION, founded in 2006, is a major nonprofit in the Health Care sector that reported $274.3M in total revenue in fiscal year 2023. Expenses of $237.7M left a modest 13% surplus.

Mission

TO EMPOWER OUR CUSTOMERS TO ACHIEVE THEIR BEST HEALTH.

Program Service Accomplishments

Program 1

Expenses: $207,337,261 Revenue: $269,737,331

MAPLE GROVE HOSPITAL IS A GENERAL, ACUTE CARE HOSPITAL PROVIDING EMERGENCY SERVICES, MATERNITY AND NEONATAL CARE, AND GENERAL MEDICAL-SURGICAL, OBSTETRICAL, AND PEDIATRIC SERVICES. MAPLE GROVE...

MAPLE GROVE HOSPITAL IS A GENERAL, ACUTE CARE HOSPITAL PROVIDING EMERGENCY SERVICES, MATERNITY AND NEONATAL CARE, AND GENERAL MEDICAL-SURGICAL, OBSTETRICAL, AND PEDIATRIC SERVICES. MAPLE GROVE HOSPITAL'S MISSION IS EMPOWERING ITS CUSTOMERS TO ACHIEVE THEIR BEST HEALTH.IN ADDITION TO CHARITY AND UNCOMPENSATED CARE, MAPLE GROVE HOSPITAL ALSO PROVIDES NUMEROUS COMMUNITY BENEFITS (AT NO COST OR BELOW COST) IN FURTHERANCE OF ITS CHARITABLE PURPOSE INCLUDING HEALTH RELATED EDUCATIONAL PROGRAMS: SAFETY FAIRS, CAR SEAT CLINICS, MENTAL HEALTH AND FIRST AID CLASSES, AND ASTHMA EDUCATION IN ELEMENTARY SCHOOLS. MAPLE GROVE HOSPITAL PROVIDES MEDICAL CARE WITHOUT CHARGE OR AT REDUCED COSTS TO RESIDENTS OF ITS COMMUNITY PRIMARILY THROUGH (A) THE DIFFERENCE BETWEEN PUBLIC PROGRAM PAYMENTS (PRIMARILY MEDICARE AND MEDICAID) AND THE RELATED COSTS OF PROVIDING SUCH SERVICES, AND (B) SERVICES PROVIDED TO PATIENTS EXPRESSING A WILLINGNESS TO PAY BUT WHO ARE DETERMINED UNABLE TO PAY BECAUSE OF ECONOMIC FACTORS. IN ADDITION, MAPLE GROVE HOSPITAL CONTRIBUTES TO FUNDING MEDICAL CARE FOR THE UNINSURED THROUGH PAYMENT OF PATIENT SERVICES TAXES, WHICH INCLUDE THE MEDICAID SURCHARGE AND THE MINNESOTA CARE TAX ON CERTAIN NET REVENUE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,000,165

Program Service Revenue $271,852,778

Investment Income $493,276

Other Revenue $0

TOTAL REVENUE $274,346,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,702,743

Fundraising Expenses $0

Program Expenses $207,337,261

Other Expenses $114,962,763

TOTAL EXPENSES $237,665,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,346,219	$263,077,125	+0.0%
Expenses	$237,665,506	$224,834,241	+0.1%
Net Income	$36,680,713	$38,242,884	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

1468

Volunteers

381

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,798,964

Total Directors

$3,708,846

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN OGLAND MD	DIRECTOR	2.00	Director	$0	$42,277	$736,507
DAVID ALBRIGHT	CHIEF FINANCIAL OFFICER	2.00	Officer Director	$0	$33,850	$544,916
J KEVIN CROSTON MD	CEO AND BOARD CHAIR	2.00	Officer Director	$0	$543,528	$1,995,569
DAN FROMM	TREASURER AND CFO (THROUGH 05/2023)	2.00	Officer Director	$0	$45,383	$431,854
TREVOR SAWALLISH	CHIEF OPERATING OFFICER	2.00	Officer	$0	$24,458	$826,625
PAMELA DOORENBOS MD	VP MEDICAL AFFAIRS	40.00	Highest	$383,756	$31,707	$415,463
ANNAMMA CHANDY	PATIENT CARE FACILITATOR	40.00	Highest	$246,574	$33,027	$279,601
CATHY FEDDERSEN	PATIENT CARE FACILITATOR	40.00	Highest	$206,861	$30,277	$237,138
ROBERT MOSS	PHARMACIST	40.00	Highest	$200,127	$19,037	$219,164
JULISA ROESSLER	PATIENT CARE FACILITATOR	40.00	Highest	$208,327	$28,972	$237,299

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$274,346,219	$237,665,506	$157,773,619	$36,680,713
2022	$263,077,125	$224,834,241	$150,483,922	$38,242,884
2021	$245,773,088	$206,769,995	$172,140,111	$39,003,093
2020	$223,891,117	$192,366,418	$200,601,207	$31,524,699
2019	$210,277,624	$176,720,501	$174,471,313	$33,557,123
2018	$209,318,217	$174,369,722	$169,219,480	$34,948,495