Fairview Bethesda Hospital

EIN: 363517697 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$50,847,192
Total Expenses
$48,660,649
Total Assets
$42,171,240
Net Assets
$-146,137,744
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MN
Phone
6126724986
Tax Period
2023-01-01 to 2023-12-31

Fairview Bethesda Hospital, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $50.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $48.7M left a modest 4% surplus.

Mission

Fairview is driven to heal, discover, and educate for longer, healthier lives.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,000
Program Service Revenue $45,647,776
Investment Income $5,163,416
Other Revenue $0
TOTAL REVENUE $50,847,192

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,190,423
Fundraising Expenses $0
Program Expenses $42,346,985
Other Expenses $18,470,226
TOTAL EXPENSES $48,660,649

Year-over-Year Comparison

2023 2022 Change
Revenue $50,847,192 $59,702,284 -0.1%
Expenses $48,660,649 $58,807,966 -0.2%
Net Income $2,186,543 $894,318 +1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
19
Employees
N/A
Volunteers
N/A

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
15
$19,247,615
Total Directors
20
$5,616,751
Key Employees
0
$0
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice Chair 0.0
Officer Director
$0 $0 $0
N/A President & CEO 2.0
Officer Director
$0 $38,307 $5,246,751
N/A Vice Chair 0.0
Officer Director
$0 $0 $25,000
N/A Chair 0.0
Officer Director
$0 $0 $35,000
N/A Secretary 0.0
Officer Director
$0 $0 $25,000
N/A Director 0.0
Director
$0 $0 $25,000
N/A Director 0.0
Director
$0 $0 $20,000
N/A Director 0.0
Director
$0 $0 $20,000
N/A Director 0.0
Director
$0 $0 $20,000
N/A Director 0.0
Director
$0 $0 $20,000
N/A Director 0.0
Director
$0 $0 $25,000
N/A Director 0.0
Director
$0 $0 $25,000
N/A Director 0.0
Director
$0 $0 $25,000
N/A Director 0.0
Director
$0 $0 $20,000
N/A Director 0.0
Director
$0 $0 $0
N/A Director 0.0
Director
$0 $0 $25,000
N/A Director 0.0
Director
$0 $0 $0
N/A Director 0.0
Director
$0 $0 $20,000
N/A Director 0.0
Director
$0 $0 $20,000
N/A Director 0.0
Director
$0 $0 $20,000
N/A Chf Public Affairs Officer 2.0
Officer
$0 $97,934 $847,342
N/A EVP & Chf Transformation Officer 2.0
Officer
$0 $116,219 $929,487
N/A EVP, COO 2.0
Officer
$0 $170,630 $1,253,184
N/A CFO 2.0
Officer
$0 $200,937 $1,843,940
N/A COO 2.0
Officer
$0 $103,835 $2,033,363
N/A CMO 2.0
Officer
$0 $103,992 $1,681,615
N/A Chf People Officer 2.0
Officer
$0 $65,596 $1,035,357
N/A EVP & Chf Shared Clinical Svcs 2.0
Officer
$0 $206,096 $1,510,285
N/A Chf Digital Officer 2.0
Officer
$0 $187,871 $1,371,769
N/A Chf Legal Counsel 2.0
Officer
$0 $276,107 $1,409,522
N/A Physician 40.0
Highest
$0 $34,453 $436,891
N/A Physician 40.0
Highest
$0 $27,828 $395,242
N/A Physician 40.0
Highest
$0 $23,682 $398,328
N/A Registered Nurse 40.0
Highest
$0 $0 $0
N/A Registered Nurse 40.0
Highest
$0 $10,629 $214,618
N/A Physician 40.0
Highest
$0 $28,148 $506,976
N/A Former Physician 0.0
$0 $31,156 $407,982
N/A Former VP/EMD PAC/Med Spec 0.0
$0 $30,087 $583,547
N/A Former Physician 0.0
$0 $61,558 $750,111
N/A Former Physician 0.0
$0 $19,253 $261,636
N/A Former VP/Chief Clinical Quality 0.0
$0 $28,091 $522,815
N/A Former Physician 0.0
$0 $28,888 $450,362
N/A Former Med Director - HET 40.0
$0 $18,009 $570,398
N/A Former Physician 0.0
$0 $29,684 $771,222
N/A Former Physician 40.0
$0 $0 $236,502
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 $50,847,192 $48,660,649 $42,171,240 $2,186,543
2022 $59,702,284 $58,807,966 $53,152,478 $894,318
2021 $49,035,456 $47,670,817 $49,125,402 $1,364,639
2020 $69,327,741 $64,987,616 $56,564,733 $4,340,125
2019 $109,895,812 $118,345,866 $88,780,671 $-8,450,054
2018 $259,848,075 $256,915,698 $210,676,249 $2,932,377
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