NORTH MEMORIAL HEALTH CARE DBA NORTH MEMORIAL HEALTH (EIN 410729979) - 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

1954

Legal Domicile

Principal Officer

TREVOR SAWALLISH

Phone

7635205200

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

EMPOWERING OUR CUSTOMERS TO ACHIEVE THEIR BEST HEALTH.

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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 $13,698,156

Program Service Revenue $878,801,361

Investment Income $15,152,355

Other Revenue $-33,135

TOTAL REVENUE $907,618,737

Expense Breakdown

Grants Paid $170,989

Salaries & Benefits $551,240,548

Fundraising Expenses $0

Program Expenses $786,466,780

Other Expenses $362,768,149

TOTAL EXPENSES $914,179,686

Year-over-Year Comparison

	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%

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

6570

Volunteers

200

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

$3,808,964

Total Directors

$2,115,569

Key Employees

$1,541,860

Highest Compensated

reported

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

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	$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

NORTH MEMORIAL HEALTH CARE DBA NORTH MEMORIAL HEALTH