PARK NICOLLET HEALTH SERVICES (EIN 363465840) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

ALITA R RISINGER

Phone

9528835613

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $306,495

Program Service Revenue $209,988,413

Investment Income $16,168,020

Other Revenue $0

TOTAL REVENUE $226,462,928

Expense Breakdown

Grants Paid $846

Salaries & Benefits $129,104,894

Fundraising Expenses $0

Program Expenses $178,089,487

Other Expenses $63,077,542

TOTAL EXPENSES $192,183,282

Year-over-Year Comparison

	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%

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

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

$13,983,878

Total Directors

$2,362,482

Key Employees

Highest Compensated

reported

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

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	$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

PARK NICOLLET HEALTH SERVICES