ROBBINSDALE, MN
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)NORTH MEMORIAL HEALTH CARE DBA NORTH MEMORIAL HEALTH, founded in 1954, is a major nonprofit in the Health Care sector that reported $907.6M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.
EMPOWERING OUR CUSTOMERS TO ACHIEVE THEIR BEST HEALTH.
NORTH MEMORIAL HEALTH CARE DBA NORTH MEMORIAL HEALTH IS A HEALTHCARE SYSTEM THAT INCLUDES A GENERAL ACUTE CARE HOSPITAL PROVIDING HIGHLY SPECIALIZED TRAUMA AND EMERGENCY SERVICES, CORONARY CARE, OPEN...
NORTH MEMORIAL HEALTH CARE DBA NORTH MEMORIAL HEALTH IS A HEALTHCARE SYSTEM THAT INCLUDES A GENERAL ACUTE CARE HOSPITAL PROVIDING HIGHLY SPECIALIZED TRAUMA AND EMERGENCY SERVICES, CORONARY CARE, OPEN HEART SURGERY, ONCOLOGY, HIGH RISK MATERNITY AND LEVEL II NEONATAL CARE AND GENERAL MEDICAL: SURGICAL, OBSTETRICAL, PEDIATRIC, REHABILITATION, BEHAVIORAL HEALTH, MEDICAL TRANSPORTATION, PRIMARY CARE AND SPECIALTY CARE CLINICS. NORTH MEMORIAL HEALTH'S MISSION IS EMPOWERING ITS CUSTOMERS TO ACHIEVE THEIR BEST HEALTH. IN ADDITION TO CHARITY AND UNCOMPENSATED CARE, NORTH MEMORIAL HEALTH ALSO PROVIDES NUMEROUS COMMUNITY BENEFITS (AT NO COST OR BELOW COST) IN FURTHERANCE OF ITS CHARITABLE PURPOSE. NORTH MEMORIAL HEALTH OFFERS VARIOUS COMMUNITY-BASED PROGRAMS INCLUDING HEALTH SCREENINGS, SUPPORT COUNSELING FOR PARENTS AND FAMILIES, PASTORAL CARE, CRISIS INTERVENTION, TRANSPORTATION TO AND FROM THE HOSPITAL CAMPUS, AND THE DONATION OF SPACE FOR USE BY COMMUNITY GROUPS. ADDITIONALLY, A LARGE NUMBER OF HEALTH-RELATED EDUCATIONAL PROGRAMS ARE PROVIDED FOR THE BENEFIT OF THE COMMUNITY, INCLUDING WELLNESS SEMINARS AND CLASSES ON SPECIFIC CONDITIONS. NORTH MEMORIAL HEALTH ALSO PROVIDES MEDICAL CARE WITHOUT CHARGE OR AT REDUCED COSTS TO RESIDENTS OF ITS COMMUNITY, PRIMARILY THROUGH (A) THE DIFFERENCES BETWEEN PUBLIC PROGRAM PAYMENTS (PRIMARILY MEDICARE AND MEDICAID) AND THE RELATED COSTS OF PROVIDING SUCH SERVICES, AND (B) SERVICES PROVIDED TO PATIENTS EXPRESSING A WILLINGNESS TO PAY BUT WHO ARE DETERMINED UNABLE TO PAY BECAUSE OF ECONOMIC FACTORS. IN ADDITION, NORTH MEMORIAL HEALTH CONTRIBUTES TO FUNDING MEDICAL CARE FOR THE UNINSURED THROUGH PAYMENT OF PATIENT SERVICE TAXES, WHICH INCLUDE THE MEDICAID SURCHARGE AND THE MINNESOTA CARE TAX ON CERTAIN NET REVENUE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $907,618,737 | $782,427,407 | +0.2% |
| Expenses | $914,179,686 | $782,577,139 | +0.2% |
| Net Income | $-6,560,949 | $-149,732 | +42.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| J KEVIN CROSTON MD | CEO NORTH MEMORIAL | 40.00 |
Officer
Director
|
$1,452,041 | $543,528 | $1,995,569 |
| ROBERT KING | PHYSICIAN, CARDIAC SURGEON | 40.00 |
Highest
|
$891,596 | $43,596 | $935,192 |
| JOSEPH VAN CAMP MD | PHYSICIAN, CARDIAC SURGEON | 40.00 |
Highest
|
$853,796 | $45,270 | $899,066 |
| AMANDA STRAM | PHYSICIAN, CARDIAC SURGEON | 40.00 |
Highest
|
$848,368 | $49,616 | $897,984 |
| TREVOR SAWALLISH | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$802,167 | $24,458 | $826,625 |
| CAROLYN OGLAND MD | CHIEF MEDICAL OFFICER | 40.00 |
Key Emp
|
$694,230 | $42,277 | $736,507 |
| LUKE HAWES | PHYSICIAN, TRAUMA SURGERY | 40.00 |
Highest
|
$614,728 | $46,486 | $661,214 |
| JULIE KLINE | FORMER CHIEF HUMAN RESOURCES OFFICER | 40.00 |
|
$623,674 | $31,336 | $655,010 |
| OPEYEMI AGBOOLA | PHYSICIAN, TRAUMA SURGERY | 40.00 |
Highest
|
$612,815 | $25,638 | $638,453 |
| ANDREW COCHRANE | FORMER CHIEF HOSPITAL OFFICER | 40.00 |
|
$565,069 | $0 | $565,069 |
| DAVID ALBRIGHT | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$511,066 | $33,850 | $544,916 |
| BJORN GUNNERUD | CHIEF STRATEGY OFFICER | 40.00 |
Key Emp
|
$464,201 | $41,059 | $505,260 |
| SAMANTHA HANSON | FORMER CHIEF ADMINISTRATION OFFICER | 40.00 |
|
$499,423 | $0 | $499,423 |
| DAN FROMM | CFO (THROUGH 05/2023) | 40.00 |
Officer
|
$386,471 | $45,383 | $431,854 |
| DAWN BACKLUND | CHIEF COMPLIANCE OFFICER | 40.00 |
Key Emp
|
$283,326 | $16,767 | $300,093 |
| MIKE STEINHAUSER | CHAIRMAN OF BOARD | 2.00 |
Officer
Director
|
$10,000 | $0 | $10,000 |
| TIM BAYLOR | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| BRUCE CHRISTENSEN | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| ROBERT DAHL | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| TED FERRARA | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| ANDREW HOULTON MD | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| DIANE HUSTON | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| LAURIE LAFONTAINE | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| WARREN MACK | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| REUBEN MOORE | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| ROBERT PRENTISS | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| HEIDI WILSON | BOARD MEMBER | 2.00 |
Director
|
$10,000 | $0 | $10,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $907,618,737 | $914,179,686 | $679,594,370 | $-6,560,949 |
| 2022 | $782,427,407 | $782,577,139 | $597,651,900 | $-149,732 |
| 2021 | $789,881,568 | $732,554,574 | $764,114,547 | $57,326,994 |
| 2020 | $736,688,372 | $729,064,532 | $743,823,702 | $7,623,840 |
| 2019 | $865,106,386 | $847,702,893 | $661,551,956 | $17,403,493 |
| 2018 | $860,895,565 | $847,298,913 | $566,156,236 | $13,596,652 |
Compare NORTH MEMORIAL HEALTH CARE DBA NORTH MEMORIAL HEALTH with other nonprofits in Minnesota and across the country.