HENNEPIN HEALTH FOUNDATION (EIN 410845733) - 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

1958

Legal Domicile

Principal Officer

THERESA PESCH

Phone

6129634857

Tax Period

2024-01-01 to 2024-12-31

HENNEPIN HEALTH FOUNDATION, founded in 1958, is a mid-sized nonprofit in the Health Care sector that reported $20.5M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.8M, a strong 52% operating margin.

Mission

TO RAISE AND ADMINISTER PHILANTHROPIC SUPPORT FOR HENNPEPIN HEALTHCARE SYSTEM, INC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,865,730

Program Service Revenue $275,247

Investment Income $1,319,107

Other Revenue $62,990

TOTAL REVENUE $20,523,074

Expense Breakdown

Grants Paid $4,772,838

Salaries & Benefits $3,343,076

Fundraising Expenses $2,243,896

Program Expenses $6,109,716

Other Expenses $1,643,700

TOTAL EXPENSES $9,759,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,523,074	$16,663,231	+0.2%
Expenses	$9,759,614	$10,308,931	-0.1%
Net Income	$10,763,460	$6,354,300	+0.7%

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

N/A

Volunteers

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

$1,744,491

Total Directors

$1,150,841

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS SHERMAN	DIRECTOR	5.00	Director	$0	$0	$0
LAURA CHIN	DIRECTOR	5.00	Director	$0	$0	$0
MEGHAN WALSH	DIRECTOR/CHIEF ACADEMIC & RESEARCH OFFICER	5.00	Director	$0	$64,536	$539,918
ALLYSON BROTHERSON	DIRECTOR/SENIOR MEDICAL DIRECTOR	5.00	Director	$0	$48,348	$438,391
RYAN ANTKOWIAK	DIRECTOR	5.00	Director	$0	$0	$0
ALEXIS FRALEY	DIRECTOR/INPATIENT APP MANAGER	5.00	Director	$0	$39,136	$172,532
COURTNEY GODFREY	DIRECTOR	5.00	Director	$0	$0	$0
AILEEN GUINEY	DIRECTOR	5.00	Director	$0	$0	$0
TODD GUSTIN	DIRECTOR	5.00	Director	$0	$0	$0
DOMINIC CIRISI	DIRECTOR	5.00	Director	$0	$0	$0
LILI HALL	DIRECTOR	5.00	Director	$0	$0	$0
KATIE SEVERT	DIRECTOR	5.00	Director	$0	$0	$0
LYNNE REDLEAF	DIRECTOR	5.00	Director	$0	$0	$0
NATALIE MCGRADY	DIRECTOR	5.00	Director	$0	$0	$0
JANTZE HALEY	DIRECTOR	5.00	Director	$0	$0	$0
JOE LALLY	DIRECTOR	5.00	Director	$0	$0	$0
NATHAN KRISHNAN	DIRECTOR	5.00	Director	$0	$0	$0
COURTNEY KIERNAT	DIRECTOR	5.00	Director	$0	$0	$0
ADRIENNE JORDAN	DIRECTOR	5.00	Director	$0	$0	$0
ALISSA SCHNEIDER	CO-CHAIR	5.00	Officer Director	$0	$0	$0
CRAIG SAMITT	CO-CHAIR	5.00	Officer Director	$0	$0	$0
JIM YOUNG	TREASURER	5.00	Officer Director	$0	$0	$0
SUMMRA SHARIFF	SECRETARY	5.00	Officer Director	$0	$0	$0
REBECCA ANDERSON	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MARK WILLMERT	VP OF FINANCE	20.00	Officer	$0	$33,167	$242,751
THERESA PESCH	PRESIDENT	40.00	Officer	$0	$62,880	$494,094
JENNIFER DECUBELLIS	CEO	1.00	Officer	$0	$80,130	$1,007,646
MARCEIL LUEDTKE	DIRECTOR SPECIAL PROJECTS	40.00	Highest	$0	$20,966	$186,368
CHAD BOYSEN	DIRECTOR OF PLANNED GIVIGN	40.00	Highest	$0	$29,923	$152,896
AMY CARLSON	SENIOR DIRECTOR OF MARKETING	40.00	Highest	$0	$21,400	$193,941
JUDY FOX	GRANTS DIRECTOR	40.00	Highest	$0	$19,008	$150,370
MEGHAN TIMMEL	ADVANCEMENT DATA OPERATION DIRECTOR	40.00	Highest	$0	$34,360	$140,536

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	$20,523,074	$9,759,614	$54,312,742	$10,763,460
2023	$16,663,231	$10,308,931	$42,827,793	$6,354,300
2022	$15,844,364	$14,468,942	$34,435,558	$1,375,422
2021	$10,869,392	$6,924,245	$36,610,127	$3,945,147
2020	$11,804,191	$14,505,501	$34,159,792	$-2,701,310
2019	$12,539,299	$7,731,380	$32,442,146	$4,807,919
2018	$11,703,656	$8,354,656	$25,527,227	$3,349,000

HENNEPIN HEALTH FOUNDATION