ST LOUIS PARK, MN
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Sign In — Free (10 views/day)PARK NICOLLET HEALTH SERVICES, founded in 1986, is a major nonprofit in the Health Care sector that reported $226.5M in total revenue in fiscal year 2024. The organization ran a surplus of $34.3M, a strong 15% operating margin.
OUR MISSION IS TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY.
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE PARK NICOLLET HEALTH SERVICES (PNHS) IS A MINNESOTA NONPROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC")...
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE PARK NICOLLET HEALTH SERVICES (PNHS) IS A MINNESOTA NONPROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS PART OF THE FAMILY OF HEALTHPARTNERS ORGANIZATIONS (HEALTHPARTNERS). FOUNDED IN 1957, HEALTHPARTNERS IS AN INTEGRATED HEALTH CARE ORGANIZATION, PROVIDING HEALTH CARE SERVICES AND HEALTH PLAN FINANCING AND ADMINISTRATION. HEALTHPARTNERS' MISSION IS TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS, AND COMMUNITY. HEALTHPARTNERS SEEKS TO TRANSFORM HEALTH CARE THROUGH A RELENTLESS FOCUS ON THE TRIPLE AIM - PROVIDING EXCEPTIONAL EXPERIENCE FOR THE INDIVIDUAL, IMPROVING THE HEALTH OF THE POPULATION, AND MAINTAINING AFFORDABILITY. HEALTHPARTNERS, INC. (HPI) IS A MINNESOTA NONPROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(4) AND IS THE PARENT ENTITY OF HEALTHPARTNERS. HEALTHPARTNERS INCLUDES AN ARRAY OF TAX-EXEMPT AND TAXABLE ORGANIZATIONS. A COMPLETE LISTING OF ALL ORGANIZATIONS WITHIN HEALTHPARTNERS, AND THE RELATIONSHIP BETWEEN THEM, CAN BE FOUND ON SCHEDULE R WITHIN THIS 990 RETURN. DETAILED INFORMATION ABOUT THE COMMUNITY BENEFIT ACTIVITIES AND ACCOMPLISHMENTS OF EACH TAX-EXEMPT ORGANIZATION CAN BE FOUND IN THE INDIVIDUAL FORM 990 RETURN FOR THAT ORGANIZATION. HPI IS THE PARENT ENTITY OF PNHS WHICH IN TURN IS THE PARENT ORGANIZATION TO AN INTEGRATED CARE SYSTEM THAT INCLUDES PARK NICOLLET METHODIST HOSPITAL (METHODIST), PARK NICOLLET CLINIC (PNC), PARK NICOLLET HEALTH CARE PRODUCTS (PNHCP), PARK NICOLLET FOUNDATION (PNF), HUTCHINSON HEALTH (HH), HEALTHPARTNERS RC (OLIVIA) AND TRIA ORTHOPEDIC CENTER, LLC (TRIA). THIS INTEGRATED CARE SYSTEM IS STAFFED BY NATIONALLY RECOGNIZED HOSPITAL AND CLINIC DOCTORS, CLINICAL PROFESSIONALS, NURSES AND OTHER TEAM MEMBERS WHO HELP PATIENTS STAY HEALTHY AND TAKE CARE OF THEM WHEN THEY ARE SICK. PATIENTS' HEALTH AND WELL-BEING IS AT THE CENTER OF PHNS'S MISSION. PNHS BELIEVES GREAT HEALTH CARE OCCURS BY COMBINING THE SCIENCE OF MEDICINE WITH THE SPIRIT AND HUMANITY OF OUR HEARTS. PNHS REFERS TO THIS AS "HEAD + HEART, TOGETHER." THAT SAYING INSPIRES CONSTANT IMPROVEMENT AND LASTING SUCCESS. AND WE DO THAT BY PARTNERING WITH PATIENTS AND FAMILIES. AT PNHS, SOME OF OUR BEST INNOVATIONS HAVE BEEN SHAPED BY INPUT FROM PATIENT AND FAMILY PARTNERSHIP COUNCILS. FROM THE REVOLUTIONARY PATIENT-FOCUSED DESIGNS OF FRAUENSHUH CANCER CENTER TO INNOVATIVE CARE MODELS AT MELROSE CENTER, PATIENTS ARE HELPING CREATE A BRIGHTER FUTURE AT PNHS. MISSION PNHS'S MISSION IS TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY. VISION HEALTH AS IT COULD BE, AFFORDABILITY AS IT MUST BE, THROUGH RELATIONSHIPS BUILT ON TRUST. VALUES EXCELLENCE, COMPASSION, PARTNERSHIP AND INTEGRITY PNHS IS COMMITTED TO LIVING ITS VALUES. THAT MEANS YOU CAN EXPECT CERTAIN THINGS FROM PNHS. YOU CAN EXPECT PNHS TO BE YOUR PARTNER AND TREAT YOU WITH DIGNITY AND RESPECT. YOU CAN EXPECT PNHS TO LISTEN CAREFULLY AND GIVE YOU GOOD, TIMELY INFORMATION. YOU CAN EXPECT PNHS TO DO ITS BEST TO PROVIDE AFFORDABLE, COORDINATED, HIGH-QUALITY CARE AND SERVICES THAT ARE EASY TO FIND AND SIMPLE TO USE. YOU CAN EXPECT SAFE, CLEAN SPACES. PNHS WILL DO ITS VERY BEST TO EARN YOUR TRUST BY BEING OPEN AND HONEST, AND KEEPING OUR WORD. TRIA IS A DISREGARDED ENTITY OF PNHS. TRIA'S MISSION IS TO PROVIDE ITS PATIENTS AND COMMUNITY WITH EXCEPTIONAL AND INNOVATIVE ORTHOPEDIC AND SPORTS MEDICINE CARE ADVANCED BY RESEARCH AND EDUCATION. TRIA'S VISION IS TO BE RECOGNIZED NATIONALLY FOR DRIVING INNOVATION AND DISCOVERIES WITH A FOCUS ON PROVIDING AN UNPARALLELED PATIENT EXPERIENCE, ACHIEVING LEADING CLINICAL OUTCOMES VIA EXPERT TEAMS, AND DELIVERING THE HIGHEST VALUE FOR SERVICES. TRIA'S CORE BELIEFS INCLUDE: PATIENTS: PATIENTS COME FIRST. PEOPLE: PEOPLE ARE OUR GREATEST STRENGTH. INNOVATION: THRIVE ON CHALLENGES, NEW ENDEAVORS, CREATIVE SOLUTIONS AND EMBRACE CHANGE. RESEARCH: RESEARCH IS FUNDAMENTAL TO IMPROVING PATIENT CARE. EDUCATION: EDUCATION ENHANCES PROFESSION AND PATIENT CARE. COMMUNITY: GOOD NEIGHBOR AND BUILD STRONG RELATIONSHIPS TO SUPPORT GROWTH AND ENHANCE VALUE. GROWTH: PROFITABLE GROWTH SUPPORTS TRIA'S MISSION AND HELPS ATTAIN ITS VISION. ONE OF TRIA'S CORE VALUES IS: COMMUNITY: TRIA WILL BE A GOOD NEIGHBOR AND BUILD STRONG RELATIONSHIPS TO SUPPORT GROWTH AND ENHANCE VALUE. RESEARCH & EDUCATION TRIA CONTINUES TO LEAD THE WAY IN OUTCOMES MEASUREMENT. PATIENTS COMPLETE PRE- AND POST- INTERVENTION SURVEYS TO ASSESS FUNCTIONAL AND PAIN OUTCOMES. A DAY IN THE LIFE OF AN ORTHOPEDIC SPECIALIST IS A DAY VISIT PROGRAM WHERE GUESTS CAN EXPERIENCE A TYPICAL ROUTINE OF AN ORTHOPEDIC SPECIALIST. THE PROGRAM OBJECTIVE IS TO GAIN A GENERAL INTRODUCTION TO TRIA ORTHOPEDIC CENTER AND THE ORTHOPEDIC PROFESSION, BECOME ACQUAINTED WITH THE SPECIFIC ROLES OF DIFFERENT ORTHOPEDIC SPECIALISTS, ALLOWING FOR FUTURE OPPORTUNITIES TO DIRECTLY OBSERVE A SPECIALIST IN A CLINICAL OR AMBULATORY ENVIRONMENT, AND TO OBTAIN A CLEAR UNDERSTANDING OF THE REQUIREMENTS AND EDUCATION NEEDED TO PURSUE A CAREER IN VARIOUS ORTHOPEDIC CAREERS, INTRODUCTION TO AVAILABLE RESOURCES AND HOW TO UTILIZE THEM. PRIMARY AREAS OF FOCUS INCLUDE PHYSICAL THERAPY, PHYSICIAN ASSISTANT, ORTHOPEDIC SURGEON, MEDICAL SCHOOL, RESIDENCY, AND FELLOWSHIP. DURING THE TRIA EXPERIENCE, PARTICIPANTS HEAR ABOUT TRIA'S PHILOSOPHY ON PATIENT CENTERED CARE, LEARN ABOUT A FEW OF OUR UNIQUE PROGRAMS, AND VIEW A PREVIOUSLY RECORDED ACL RECONSTRUCTION. TRIA'S EDUCATION COORDINATOR WORKS WITH PARTICIPANTS TO SCHEDULE A FOUR-HOUR OBSERVATION WITHIN THREE MONTHS OF THE PROGRAM. IN 2024, CONTINUED THE VIRTUAL OFFERING OF THIS PROGRAM. AT TRIA, WE BALANCE MEASURING PATIENT OUTCOMES, WHICH CAN BE CONSIDERED SMALL CONTINUOUS IMPROVEMENTS, WITH INNOVATIVE RESEARCH STUDIES, WHICH ARE THOSE GRAND ADVANCEMENTS IN ORTHOPEDIC CARE. THESE RESEARCH STUDIES EXPLORE THE LATEST IN MEDICAL DEVICES, INSTRUMENTS, IMPLANTS, METHODS AND PROCEDURES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $226,462,928 | $211,321,616 | +0.1% |
| Expenses | $192,183,282 | $182,570,897 | +0.1% |
| Net Income | $34,279,646 | $28,750,719 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PHILIP DONALDSON | DIRECTOR & CHAIR | 1.90 |
Officer
Director
|
$0 | $0 | $40,000 |
| ROBERT EHREN | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $30,000 |
| MORRIS GOODWIN | DIRECTOR & TREASURER | 3.10 |
Officer
Director
|
$0 | $0 | $33,000 |
| DEBORAH HOPP | DIRECTOR & VICE CHAIR | 3.80 |
Officer
Director
|
$0 | $0 | $48,000 |
| KATHLEEN KELLEY | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $33,000 |
| DAVID LAGERSTROM | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $30,000 |
| AMY LANGER | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $33,000 |
| ANA RUBY LEE | DIRECTOR | 2.40 |
Director
|
$0 | $0 | $30,000 |
| LAURA LIU | DIRECTOR | 3.20 |
Director
|
$0 | $0 | $30,000 |
| SHARON PIERCE | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $33,000 |
| SONDRA SAMUELS | DIRECTOR | 2.50 |
Director
|
$0 | $0 | $33,000 |
| THOMAS SCHRUP MD | DIRECTOR | 2.60 |
Director
|
$0 | $0 | $30,000 |
| PAUL WILLIAMS | DIRECTOR | 3.40 |
Director
|
$0 | $0 | $36,000 |
| BRAD WOZNEY MD | DIRECTOR | 2.40 |
Director
|
$0 | $0 | $33,000 |
| STEVEN M CONNELLY MD | DIRECTOR & EXC MEDICAL DIRECTOR | 40.00 |
Officer
Director
|
$1,142,429 | $177,487 | $1,319,916 |
| RAE ANN WILLIAMS | DIRECTOR | 2.00 |
Director
|
$0 | $160,728 | $570,566 |
| NIMA A DESAI MD | CMO METHODIST HOSPITAL | 0.00 |
Officer
|
$0 | $51,421 | $559,898 |
| MELISSA T FRITZ | CNO METHODIST HOSPITAL | 0.00 |
Officer
|
$0 | $72,041 | $430,021 |
| NATHAN PULSCHER | PRESIDENT HUTCHINSON HEALTH (DEC) | 1.00 |
Officer
|
$0 | $72,106 | $431,896 |
| JENNIFER L MYSTER | PRESIDENT METHODIST HOSPITAL | 0.50 |
Officer
|
$0 | $145,186 | $819,186 |
| ANDREA M WALSH | PRESIDENT & CEO | 35.00 |
Officer
|
$0 | $910,637 | $3,838,003 |
| NANCY L EVERT | SECRETARY & SVP GEN CNSL | 10.00 |
Officer
|
$0 | $248,257 | $1,078,463 |
| NANCY A MCCLURE JAN-FEB | CHIEF OPERATING OFFICER | 49.50 |
Officer
|
$0 | $52,557 | $1,371,642 |
| MEGAN M REMARK MAR-DEC | CHIEF OPERATING OFFICER | 54.50 |
Officer
|
$0 | $368,676 | $1,427,650 |
| ALITA RISINGER | CFO | 0.50 |
Officer
|
$0 | $155,052 | $880,339 |
| MARK R SANNES MD | EXC MEDICAL DIRECTOR | 54.50 |
Officer
|
$1,099,763 | $181,666 | $1,281,429 |
| JAMES P LYONS | PRESIDENT HUTCHINSON HEALTH (JAN-NOV) | 0.50 |
Officer
|
$373,772 | $50,663 | $424,435 |
| THOMAS A JONES | PHYSICIAN | 50.00 |
Highest
|
$948,029 | $83,155 | $1,031,184 |
| TERESA A TRAN-LIM | PHYSICIAN | 50.00 |
Highest
|
$722,993 | $80,007 | $803,000 |
| JAMES J WHEELER | SR MEDICAL DIRECTOR | 60.00 |
Highest
|
$690,857 | $69,637 | $760,494 |
| THOMAS M WALSH | SR. MEDICAL DIRECTOR ORTHO | 50.00 |
Highest
|
$1,016,558 | $99,051 | $1,115,609 |
| JOSHUA O ZIMMERMAN | SR MEDICAL DIRECTOR | 40.00 |
Highest
|
$604,560 | $108,114 | $712,674 |
| NATHAN G BLAD | FORMER PRESIDENT OLIVIA HOSPITAL | 0.00 |
|
$220,734 | $48,449 | $269,183 |
| HEIDI G CONRAD | FORMER CFO | 0.00 |
|
$0 | $61,676 | $766,298 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $226,462,928 | $192,183,282 | $267,308,158 | $34,279,646 |
| 2023 | $211,321,616 | $182,570,897 | $617,045,885 | $28,750,719 |
| 2022 | $180,138,315 | $190,399,246 | $653,980,782 | $-10,260,931 |
| 2021 | $167,440,964 | $164,667,651 | $608,681,389 | $2,773,313 |
| 2020 | $135,946,725 | $146,032,413 | $418,364,372 | $-10,085,688 |
| 2019 | $136,746,150 | $148,091,502 | $292,804,915 | $-11,345,352 |
| 2018 | $132,271,997 | $137,526,639 | $320,753,112 | $-5,254,642 |
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