HENNEPIN HEALTH FOUNDATION

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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

HHF SUPPORTS THE MISSION OF HHS: WE PARTNER WITH OUR COMMUNITY, OUR PATIENTS AND THEIR FAMILIES TO ENSURE ACCESS TO OUTSTANDING CARE FOR EVERYONE, WHILE IMPROVING HEALTH AND WELLNESS THROUGH TEACHING, PATIENT AND COMMUNITY EDUCATION, AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $3,405,860 Revenue: $275,247

INNOVATIONS IN PATIENT CARE: PROGRAMS FUNDED IN THIS AREA HELP TO IMPROVE THE PATIENT AND FAMILY EXPERIENCE, REDUCE BARRIERS TO HEALTH CARE ACCESS, ASSIST WITH SOCIAL DETERMINANTS OF HEALTH AND...

INNOVATIONS IN PATIENT CARE: PROGRAMS FUNDED IN THIS AREA HELP TO IMPROVE THE PATIENT AND FAMILY EXPERIENCE, REDUCE BARRIERS TO HEALTH CARE ACCESS, ASSIST WITH SOCIAL DETERMINANTS OF HEALTH AND LAUNCH INNOVATIONS IN CARE DELIVERY. EXAMPLES OF FUNDED ACTIVITIES INCLUDE VOLUNTEER SERVICES, INSPIRE ARTS PROGRAM, CHILDREN'S LITERACY, REDLEAF CENTER FOR FAMILY HEALING, RENOVATIONS TO PATIENT AND FAMILY WAITING AREAS, AND A VARIETY OF SPECIFIC DEPARTMENT FUNDS FOR URGENT PATIENT NEEDS.

Program 2

Expenses: $1,585,931 Revenue: $0

EDUCATING THE WORKFORCE OF TOMORROW: HHS IS THE STATE'S PRIMARY TRAINING CENTER FOR PHYSICIANS, NURSES, ANCILLARY CARE, PRE-HOSPITAL EMERGENCY PERSONNEL AND OTHER HEALTH PROFESSIONS. FUNDED PROGRAMS INCLUDE: TALENT GARDEN PROGRAM WITH YOUTH SUMMITS EXPOSING YOUTH TO FUTURE CAREERS IN MEDICINE, A SCHOLARSHIP PROGRAM TO ASSIST EMPLOYEES IN NONPATIENT CARE AREAS IN ENTERING HEALTH CAREERS, VARIOUS ONGOING TRAINING FUNDS FOR HOSPITAL DEPARTMENTS AND CLINICS, A FUND TO SUPPORT EMERGENCY MEDICINE RESIDENCY EDUCATION AND HENNEPIN MEDICAL HISTORY CENTER WHICH COLLECTS, PRESERVES AND INTERPRETS THE HISTORY OF HHS, METROPOLITAN MEDICAL CENTER AND ITS ORGANIZATIONAL PREDECESSORS.

Program 3

Expenses: $829,952 Revenue: $0

TRAUMA AND CRITICAL CARE: PROVIDES FUNDING TO PATIENT CARE SERVICES RELATED TO HHS'S LEVEL 1 TRAUMA DESIGNATION. FUNDED PROGRAMS INCLUDE PATIENT COMFORT IN TRAUMATIC BRAIN INJURY, THE BURN UNIT...

TRAUMA AND CRITICAL CARE: PROVIDES FUNDING TO PATIENT CARE SERVICES RELATED TO HHS'S LEVEL 1 TRAUMA DESIGNATION. FUNDED PROGRAMS INCLUDE PATIENT COMFORT IN TRAUMATIC BRAIN INJURY, THE BURN UNIT, STROKE, HEART HEALTH, POISON CONTROL AND TOXICOLOGY CARE, CARE DURING AND AFTER TRANSPLANT, AND CARE IN DEALING WITH THE EFFECTS OF DOMESTIC VIOLENCE, SEXUAL ASSAULT, AND CHILD ABUSE AND NEGLECT. OPERATING THE LARGEST, MULTI-CHAMBER HYPERBARIC OXYGEN (HBO) CHANGER IN THE STATE, THE HBO PROVIDED OVER 4,500 TREATMENTS IN 2024. THE MINNESOTA REGIONAL POISON CENTER, NORTH AND SOUTH DAKOTA, MANAGED AT HHS, HANDLED OVER 59,100 CALLS IN 2024.

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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