ALLINA HEALTH FOUNDATION

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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

2010

Legal Domicile

Principal Officer

TROY LINDLOFF

Phone

6122620660

Tax Period

2023-01-01 to 2023-12-31

ALLINA HEALTH FOUNDATION, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $44.2M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.1M, a strong 25% operating margin.

Mission

ALLINA HEALTH FOUNDATION IS DEDICATED TO RAISING PHILANTHROPIC SUPPORT TO ADVANCE THE MISSION OF ALLINA HEALTH TO SERVE OUR COMMUNITIES BY PROVIDING EXCEPTIONAL CARE, AS WE PREVENT ILLNESS, RESTORE HEALTH AND PROVIDE COMFORT TO ALL WHO ENTRUST US WITH THEIR CARE.

Program Service Accomplishments

Program 1

Expenses: $16,020,835

HEALING ENVIRONMENTS AND PROPERTY IMPROVEMENTS: ALLINA HEALTH FOUNDATION FUNDS SOME COSTS OF CONSTRUCTING AND MAINTAINING HEALING ENVIRONMENTS, CLINICS AND HOSPITALS. THIS INVESTMENT IN PROPERTIES...

HEALING ENVIRONMENTS AND PROPERTY IMPROVEMENTS: ALLINA HEALTH FOUNDATION FUNDS SOME COSTS OF CONSTRUCTING AND MAINTAINING HEALING ENVIRONMENTS, CLINICS AND HOSPITALS. THIS INVESTMENT IN PROPERTIES ENSURES THAT ALL LOCATIONS ARE MAINTAINED SO PATIENTS HAVE THE BEST CARE POSSIBLE. PROVIDING WHOLE PERSON CARE TO PATIENTS REQUIRES MENTAL AND EMOTIONAL WELL-BEING IN CLINICS AND HOSPITALS; THIS STATE OF WELL-BEING IS IMPACTED BY THE PHYSICAL ENVIRONMENT OF THE FACILITIES. ALLINA HEALTH FOUNDATION IS COMMITTED TO IMPROVING PATIENT CARE LOCATIONS, INCLUDING RENOVATIONS AND EXPANSIONS OF CLINICS, HOSPITALS AND SPECIALIZED FACILITIES. IN 2023, FUNDING FOR PROPERTY IMPROVEMENTS INCLUDED THE CONSTRUCTION OF THE MACMILLAN COMMUNITY AND EDUCATION CENTER. THIS CENTER PROVIDES THE LATEST TECHNOLOGY FOR HANDS-ON CONTINUING EDUCATION OF NURSES, PHYSICIANS AND CLINICIANS, AS WELL AS CONFERENCE FACILITIES FOR MEDICAL AND COMMUNITY TRAININGS AND EVENTS. OTHER GRANT FUNDING SUPPORTED THE RENOVATION OF AN INPATIENT MENTAL HEALTH UNIT. IN 2023, ALLINA HEALTH FOUNDATION BEGAN CRITICAL WORK TOWARDS THE DEVELOPMENT OF THE SURGICAL AND CRITICAL CARE BUILDING AT ABBOTT NORTHWESTERN HOSPITAL, SCHEDULED TO OPEN IN 2026, AS WELL AS THE RENOVATION OF THE CENTER FOR MENTAL HEALTH AND ADDICTION - THE FIRST-OF-ITS-KIND IN MINNESOTA FOR THE TREATMENT AND CARE OF PEOPLE WITH MENTAL HEALTH AND ADDICTION DIAGNOSES.

Program 2

Expenses: $6,464,753

CAPITAL EQUIPMENT FOR IMPROVED PATIENT CARE: ENSURING THE ACQUISITION OF THE LATEST HEALTH TECHNOLOGY EQUIPMENT IS ESSENTIAL FOR PROVIDING THE BEST CARE TO PATIENTS. ALLINA HEALTH FOUNDATION AWARDS GRANTS TO SUPPORT THE PURCHASE OF CAPITAL EQUIPMENT THAT WILL ENSURE PATIENTS HAVE EASIER, MORE CONVENIENT ACCESS TO CARE AND MORE PRECISE DIAGNOSIS AND TREATMENT OF HEALTH CONDITIONS. IN 2023, ALLINA HEALTH FOUNDATION SUPPORTED THE ACQUISITION OF A LINEAR ACCELERATOR FOR PRECISION RADIATION TREATMENT FOR CANCER PATIENTS, ENSURING BETTER LIFE-SAVING CARE. FOUNDATION FUNDING ALSO SUPPORTED THE PURCHASE OF UPDATED ULTRASOUND EQUIPMENT FOR LOCATIONS IN GREATER MINNESOTA. THE LOCATION OF THESE ULTRASOUND MACHINES ALLOWS PATIENTS TO SPEND LESS TIME TRAVELING FOR APPOINTMENTS, MAKING THEIR CARE MORE CONVENIENT AND ALLOWING THEM TO SPEND TIME WITH FAMILY OR TENDING TO OTHER RESPONSIBILITIES.

Program 3

Expenses: $7,317,940

PATIENT CARE AND COMMUNITY SERVICES: IN SUPPORT OF THE NONPROFIT MISSION OF ALLINA HEALTH, ALLINA HEALTH FOUNDATION FUNDS EDUCATIONAL AND WELLNESS PROGRAMS TO COMMUNITY MEMBERS, REGARDLESS OF THEIR ABILITY TO PAY FOR THE SERVICES. IN 2023, THE FOUNDATION AWARDED GRANTS TO SUPPORT EMERGENCY FINANCIAL ASSISTANCE FOR QUALIFYING CANCER PATIENTS. THIS FUNDING HELPS PATIENTS WITH TRAVEL COSTS, SPECIALIZED TREATMENT AND OTHER EVERYDAY EXPENSES SUPPORTING THEIR PHYSICAL, MENTAL AND EMOTIONAL HEALTH. THE FOUNDATION PROVIDED FUNDING FOR ADAPTIVE SPORTS AND RECREATION PROGRAMS SO PEOPLE WITH DISABILITIES CAN PARTAKE IN OPPORTUNITIES THAT PROVIDE FRIENDSHIP, COMMUNITY, AND PHYSICAL MOVEMENT, ALL OF WHICH ARE IMPORTANT TO MAINTAINING PHYSICAL, MENTAL AND EMOTIONAL HEALTH. BLOOD PRESSURE CUFFS FUNDED BY THE FOUNDATION ARE PROVIDED FREE-OF-CHARGE TO PATIENTS FOR MONITORING THEIR BLOOD PRESSURE AT HOME AND IMPROVING THEIR HEALTH.

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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 $27,525,278

Program Service Revenue $0

Investment Income $16,682,812

Other Revenue $0

TOTAL REVENUE $44,208,090

Expense Breakdown

Grants Paid $33,157,638

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,157,638

Other Expenses $0

TOTAL EXPENSES $33,157,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,208,090	$29,439,197	+0.5%
Expenses	$33,157,638	$9,418,081	+2.5%
Net Income	$11,050,452	$20,021,116	-0.4%

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

Employees

N/A

Volunteers

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

$5,497,665

Total Directors

$12,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA KETOVER MD	DIRECTOR	2.00	Director	$0	$0	$2,000
ANDY KRANE	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE LAITALA-RUPP	DIRECTOR	2.00	Director	$0	$0	$0
CYNDI LESHER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS MORRISON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLIE MONTREUIL	DIRECTOR	2.00	Director	$0	$0	$0
RON POOLE	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA BUTTS WILLIAMS PHD	DIRECTOR	2.00	Director	$0	$0	$10,250
BRUCE ZEILINGER	DIRECTOR	2.00	Director	$0	$0	$0
BART ZIBROWSKI	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN LACROIX	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD MAGNUSON	EVP/CFO	2.00	Officer	$0	$10,001	$1,898,714
LISA SHANNON	PRESIDENT/CEO	2.00	Officer	$0	$466,312	$3,079,897
TROY LINDLOFF	VP/CHIEF DEVELOPMENT OFFICER	2.00	Officer	$0	$73,251	$519,054

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	$44,208,090	$33,157,638	$251,816,935	$11,050,452
2022	$29,439,197	$9,418,081	$229,483,214	$20,021,116
2021	$3,559,342	$3,745,855	$11,927,149	$-186,513
2020	$5,917,332	$3,406,589	$11,823,540	$2,510,743
2019	$3,695,207	$2,816,034	$9,037,464	$879,173
2018	$3,763,248	$3,333,315	$7,970,752	$429,933