GROUP HEALTH INC

EIN: 410797853 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$1,519,002,057
Total Expenses
$1,576,869,175
Total Assets
$1,733,607,504
Net Assets
$259,731,132
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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
1955
Legal Domicile
MN
Principal Officer
PENNY D CERMAK
Phone
9528836584
Tax Period
2024-01-01 to 2024-12-31

GROUP HEALTH INC, founded in 1955, is a large national nonprofit in the Health Care sector that reported $1.5B in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,882,129
Program Service Revenue $1,098,252,165
Investment Income $22,466,607
Other Revenue $394,401,156
TOTAL REVENUE $1,519,002,057

Expense Breakdown

Grants Paid $319,286
Salaries & Benefits $1,055,537,027
Fundraising Expenses $0
Program Expenses $1,067,076,275
Other Expenses $521,012,862
TOTAL EXPENSES $1,576,869,175

Year-over-Year Comparison

2024 2023 Change
Revenue $1,519,002,057 $1,261,559,253 +0.2%
Expenses $1,576,869,175 $1,398,043,529 +0.1%
Net Income $-57,867,118 $-136,484,276 -0.6%
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

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Governance

Voting Members
16
Independent Members
14
Employees
8397
Volunteers
150

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
32
$29,715,156
Total Directors
16
$2,362,482
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP DONALDSON DIRECTOR & CHAIR 1.90
Officer Director
$40,000 $0 $40,000
ROBERT EHREN DIRECTOR 3.00
Director
$30,000 $0 $30,000
MORRIS GOODWIN DIRECTOR & TREASURER 3.10
Officer Director
$33,000 $0 $33,000
DEBORAH HOPP DIRECTOR & VICE CHAIR 3.80
Officer Director
$48,000 $0 $48,000
KATHLEEN KELLEY DIRECTOR 4.00
Director
$33,000 $0 $33,000
DAVID LAGERSTROM DIRECTOR 3.00
Director
$30,000 $0 $30,000
AMY LANGER DIRECTOR 3.00
Director
$33,000 $0 $33,000
ANA RUBY LEE DIRECTOR 2.40
Director
$30,000 $0 $30,000
LAURA LIU DIRECTOR 3.20
Director
$30,000 $0 $30,000
SHARON PIERCE DIRECTOR 3.00
Director
$33,000 $0 $33,000
SONDRA SAMUELS DIRECTOR 2.50
Director
$33,000 $0 $33,000
THOMAS SCHRUP MD DIRECTOR 2.60
Director
$30,000 $0 $30,000
PAUL WILLIAMS DIRECTOR 3.40
Director
$36,000 $0 $36,000
BRAD WOZNEY MD DIRECTOR 2.40
Director
$33,000 $0 $33,000
STEVEN M CONNELLY MD DIRECTOR & EXC MEDICAL DIRECTOR 56.40
Officer Director
$0 $177,487 $1,319,916
RAE ANN WILLIAMS MD DIRECTOR 2.00
Director
$409,838 $160,728 $570,566
ANDREA M WALSH PRESIDENT & CEO 20.00
Officer
$2,927,366 $910,637 $3,838,003
EMILY C BLOMBERG VP, PRESIDENT REGIONS HOSPITAL 0.50
Officer
$381,025 $32,094 $413,119
PENNY D CERMAK EVP & CFO 20.00
Officer
$1,352,174 $283,429 $1,635,603
NANCY L EVERT SECRETARY & SVP GEN CNSL 9.00
Officer
$830,206 $248,257 $1,078,463
RANDALL M BILLINGS SVP PROVIDER PARTNERSHIPS 0.50
Officer
$832,703 $69,414 $902,117
JENNIFER DANIELSON EVP & CHIEF HEALTH PLAN OFFICER 49.00
Officer
$1,156,214 $187,242 $1,343,456
KATHLEEN FAULK SVP GOV'T PROGRAMS 0.00
Officer
$168,238 $26,504 $194,742
DAVID S GESKO DDS SVP - DENTAL DIRECTOR 0.50
Officer
$346,559 $39,052 $385,611
MARK E HANSBERRY SVP & CHIEF MARKETING OFFICER 0.50
Officer
$785,907 $159,576 $945,483
PAHOUA Y HOFFMAN SVP GOV. & COMM RELATIONS 0.50
Officer
$452,315 $112,677 $564,992
CARA M HULL CHIEF QUALITY OFFICER 51.50
Officer
$591,774 $74,318 $666,092
KATHY JOHNSON SVP & CFO 45.00
Officer
$459,404 $188,725 $648,129
VIRGINIA L KAKACEK MD HEALTH PLAN CHIEF MEDICAL 0.50
Officer
$664,584 $147,106 $811,690
SUSAN M KNUDSON EVP HEALTH ENG & INFO OFFICER 0.50
Officer
$1,128,132 $403,420 $1,531,552
STEVEN E KONNATH SVP ACTUARIAL UNDERWRITING & GOVT PROGRAMS 0.00
Officer
$296,390 $41,498 $337,888
BRANDI L LUNNEBORG PRESIDENT LAKEVIEW HEALTH 0.50
Officer
$708,122 $144,394 $852,516
KRISTI LYON SVP, PROVIDER PARTNER & ENGAGEMENT 1.00
Officer
$41,756 $126,573 $629,604
NANCY A MCCLURE CHIEF OPERATING OFFICER 0.50
Officer
$1,319,085 $52,557 $1,371,642
JENNIFER L MYSTER VP, PRESIDENT METHODIST HOSPITAL 0.50
Officer
$674,000 $145,186 $819,186
NICO P PRONK PHD PRESIDENT HP INSTITUTE 0.50
Officer
$518,073 $157,952 $676,025
MEGAN M REMARK EVP & COO 0.50
Officer
$1,058,974 $368,676 $1,427,650
ALITA RISINGER SVP & CFO CARE DELIVERY 0.50
Officer
$725,287 $155,052 $880,339
MARK R SANNES MD EXC MEDICAL DIRECTOR 0.50
Officer
$0 $181,666 $1,281,429
KATIE B SAYRE SVP HLTH PLAN OPS & GOV 0.00
Officer
$835,570 $185,788 $1,021,358
TOBI TANZER SVP INTEGRITY & COMPLIANCE 20.70
Officer
$564,342 $236,917 $801,259
DELINDA H WASHINGTON SVP CPO 20.00
Officer
$954,554 $192,918 $1,147,472
DENNIS M ZUZEK SVP & CTO 0.00
Officer
$832,089 $146,668 $978,757
KEVIN J PALATTAO SVP DIGITAL CARE DELIVERY 0.00
Officer
$978,907 $111,156 $1,090,063
MATTHEW M KANG MD PHYSICIAN, NEUROSURGERY 60.00
Highest
$1,922,602 $55,635 $1,978,237
CHAD M MYEROFF MD PHYSICIAN, ORTHOPEDICS 45.00
Highest
$1,626,235 $89,041 $1,715,276
TIMOTHY J KROSHUS MD PHYSICIAN, SURGERY 70.00
Highest
$1,598,568 $89,216 $1,687,784
ALEJANDRO MENDEZ SUSAETA PHYSICIAN, NEUROSURGERY 62.00
Highest
$1,382,722 $60,063 $1,442,785
IVO C DITAH PHYSICIAN, GASTROENTEROLOGY 60.00
Highest
$1,251,774 $84,090 $1,335,864
FELIX K ANKEL MD FORMER EXEC. DIRECTOR 0.00
$246,120 $129,735 $375,855
HEIDI G CONRAD FORMER VP & CFO 0.00
$704,622 $61,676 $766,298
JAMES W EPPEL FORMER EXECUTIVE VP AND CAO 0.00
$117,988 $9,026 $127,014
DOUG N SMITH FORMER SR. VP - SALES 0.00
$652,205 $70,619 $722,824
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 $1,519,002,057 $1,576,869,175 $1,733,607,504 $-57,867,118
2023 $1,261,559,253 $1,398,043,529 $1,032,220,770 $-136,484,276
2022 $1,627,810,443 $1,749,809,323 $1,275,552,065 $-121,998,880
2021 $1,671,047,795 $1,742,774,838 $1,403,307,501 $-71,727,043
2020 $1,554,519,216 $1,666,873,979 $1,077,481,525 $-112,354,763
2019 $1,731,955,242 $1,850,905,516 $954,704,702 $-118,950,274
2018 $1,927,944,004 $1,955,928,120 $930,373,807 $-27,984,116
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