UCARE MINNESOTA (EIN 363573805) - 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

1987

Legal Domicile

Principal Officer

HILARY MARDEN-RESNIK

Phone

6126766500

Tax Period

2023-01-01 to 2023-12-31

UCARE MINNESOTA, founded in 1987, is a large national nonprofit in the Health Care sector that reported $6.2B in total revenue in fiscal year 2023.

Mission

TO OPERATE A HEALTH MAINTENANCE ORGANIZATION DEDICATED TO PROMOTING THE HEALTH OF THE COMMUNITY SERVED BY MAKING QUALITY HEALTH CARE AVAILABLE ON AN ECONOMICALLY ADVANTAGEOUS PREPAID BASIS.

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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 $25,000

Program Service Revenue $6,100,127,294

Investment Income $56,026,672

Other Revenue $12,391

TOTAL REVENUE $6,156,191,357

Expense Breakdown

Grants Paid $83,505,992

Salaries & Benefits $199,927,324

Fundraising Expenses $0

Program Expenses $6,057,528,470

Other Expenses $5,993,170,262

TOTAL EXPENSES $6,276,603,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,156,191,357	$6,092,510,622	+0.0%
Expenses	$6,276,603,578	$5,770,597,170	+0.1%
Net Income	$-120,412,221	$321,913,452	-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

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

1813

Volunteers

2000

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

$2,962,259

Total Directors

$166,213

Key Employees

$3,190,660

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOROTHY BRIDGES	DIRECTOR	0.10	Director	$0	$0	$0
MYRON FRANS	DIRECTOR (THROUGH AUGUST 2023)	0.10	Director	$0	$0	$0
MARTINA SEGAYAM	DIRECTOR	0.10	Director	$2,750	$0	$2,750
JAMES KOPPEL	DIRECTOR	0.10	Director	$2,750	$0	$2,750
ANTHONY MENDOZA	DIRECTOR	0.10	Director	$3,500	$0	$3,500
JAMES PACALA MD	DIRECTOR (THROUGH AUGUST 2023)	0.10	Director	$6,500	$0	$6,500
WILLIAM ROBERTS MD	DIRECTOR	0.10	Director	$9,000	$0	$9,000
JEFF BANGSBERG	DIRECTOR	0.10	Director	$10,000	$0	$10,000
PATRICIA NELSON	DIRECTOR	0.10	Director	$10,000	$0	$10,000
MICHAEL WOOTTEN MD	DIRECTOR	0.10	Director	$10,000	$0	$10,000
PATRICIA ADAM MD	DIRECTOR	0.10	Director	$10,250	$0	$10,250
ALLISON O'TOOLE	DIRECTOR	0.10	Director	$10,250	$0	$10,250
TOM DEPHILLIPS	DIRECTOR	0.10	Director	$10,500	$0	$10,500
JAMES VAN VOOREN MD	BOARD CHAIR	0.10	Officer Director	$11,500	$0	$11,500
TERESA MCCARTHY MD	VICE CHAIR	0.10	Officer Director	$11,500	$0	$11,500
ROBERT RISKIN	DIRECTOR	0.10	Director	$13,000	$0	$13,000
P JAY KIEDROWSKI	DIRECTOR	0.10	Director	$14,750	$0	$14,750
CHARITY BENNETT	DIRECTOR	0.10	Director	$14,963	$0	$14,963
MERIAM MOHAMED	DIRECTOR	0.10	Director	$15,000	$0	$15,000
DANIEL SANTOS	CHIEF LEGAL OFFICER & SECRETARY	39.50	Officer	$663,906	$82,178	$746,084
BETH MONSRUD	SVP, CFO & TREASURER	39.50	Officer	$713,738	$98,201	$811,939
HILARY MARDEN-RESNIK	PRESIDENT & CEO	39.50	Officer	$1,198,356	$182,880	$1,381,236
JAY SIVASAILAM	EVP, CHIEF GROWTH OFFICER	39.50	Key Emp	$268,127	$33,674	$301,801
GHITIANN WORCESTER EVP CHIEF	MARKETING OFFICER (THROUGH SEP 2023)	39.50	Key Emp	$602,986	$26,884	$629,870
MARIE ZIMMERMAN	EVP, CHIEF STRATEGY OFFICER	39.50	Key Emp	$426,273	$55,255	$481,528
PATRICIA SCHMITT	EVP, ORG HR & ORG EFFECTIVENESS	39.50	Key Emp	$504,899	$87,200	$592,099
DARIN MCDONALD	EVP, CHIEF INFORMATION OFFICER	39.50	Key Emp	$506,708	$84,186	$590,894
TENBIT EMIRU	EVP, CHIEF MEDICAL OFFICER	39.50	Key Emp	$504,508	$89,960	$594,468
MARGARET LINDBERG	VP, MARKETING & PRODUCT MANAGEMENT	40.00	Highest	$364,009	$49,856	$413,865
CATHERINE VONRUEDEN	VP, PROVIDER RELATIONS & CONTRACTING	40.00	Highest	$368,425	$44,317	$412,742
GREG HANLEY	VP, QUALITY MANAGEMENT & POPULATION HEALTH	40.00	Highest	$350,811	$28,431	$379,242
C SCOTT KAMMER	ASSOCIATE MEDICAL DIRECTOR	40.00	Highest	$391,408	$35,699	$427,107
JAMIE CARSELLO	VP, CHIEF INFORMATICS OFFICER	40.00	Highest	$422,074	$46,157	$468,231

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	$6,156,191,357	$6,276,603,578	$1,908,434,963	$-120,412,221
2022	$6,092,510,622	$5,770,597,170	$1,935,365,755	$321,913,452
2021	$4,989,790,566	$4,936,090,551	$1,622,160,455	$53,700,015
2020	$4,157,507,104	$4,059,216,737	$1,476,273,776	$98,290,367
2019	$3,740,965,052	$3,771,361,640	$1,239,790,960	$-30,396,588
2018	$3,446,292,641	$3,405,625,632	$1,343,989,692	$40,667,009

UCARE MINNESOTA