ST FRANCIS REGIONAL MEDICAL CENTER

EIN: 410907986 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$227,397,675
Total Expenses
$206,010,180
Total Assets
$252,418,317
Net Assets
$192,500,385
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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
MN
Principal Officer
AMY JERDEE
Phone
6122620660
Tax Period
2023-01-01 to 2023-12-31

ST FRANCIS REGIONAL MEDICAL CENTER, founded in 1966, is a major nonprofit in the Health Care sector that reported $227.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $206.0M left a modest 9% surplus.

Mission

ST. FRANCIS REGIONAL MEDICAL CENTER (ST. FRANCIS) HAS A RICH TRADITION OF PROVIDING QUALITY HEALTH CARE FOR THE PEOPLE LIVING IN SCOTT, CARVER AND WESTERN DAKOTA COUNTIES OF MINNESOTA. FOUNDED BY A SMALL GROUP OF FRANCISCAN SISTERS IN 1938, ST. FRANCIS HAS GROWN FROM A SMALL COMMUNITY HOSPITAL TO A COMPREHENSIVE, HIGH-QUALITY REGIONAL MEDICAL CENTER RAPIDLY EXPANDING TO MEET THE NEEDS OF THIS FAST-GROWING AREA. LOCAL ACCESS TO HIGH-QUALITY HEALTH CARE MAKES ST. FRANCIS A VALUABLE COMMUNITY ASSET, BOTH TO THE INDIVIDUALS AND BUSINESSES IT SERVES. ST. FRANCIS CONTINUES TO PROVIDE EXCELLENT, COMPASSIONATE HEALTH CARE SERVICES WITH AN EMPHASIS ON INDIVIDUAL DIGNITY IN THE HEALING OF BODY, MIND, AND SPIRIT. THIS COMMITTMENT IS REFLECTED IN OUR MISSION STATEMENT "AT ST. FRANCIS, WE WORK TOGETHER TO PROVIDE ALL PEOPLE THE HEALING EXPERIENCE WE WOULD EXPECT FOR OURSELVES AND OUR FAMILIES."

Program Service Accomplishments

Program 1
Expenses: $155,250,919 Revenue: $223,094,741

HOSPITAL, MEDICAL AND OTHER HEALTH CARE SERVICESST.FRANCIS, LOCATED IN THE TWIN CITIES SOUTHWEST METRO IN THE CITY OF SHAKOPEE, MINNESOTA, DELIVERS HIGH QUALITY, RESPECTFUL HOSPITAL, MEDICAL AND...

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HOSPITAL, MEDICAL AND OTHER HEALTH CARE SERVICESST.FRANCIS, LOCATED IN THE TWIN CITIES SOUTHWEST METRO IN THE CITY OF SHAKOPEE, MINNESOTA, DELIVERS HIGH QUALITY, RESPECTFUL HOSPITAL, MEDICAL AND OTHER HEALTH CARE SERVICES TO PATIENTS. AS A CATHOLIC, MISSION-DRIVEN ORGANIZATION, ST.FRANCIS IS COMMITTED TO IMPROVING THE LIFELONG HEALTH OF THE COMMUNITIES IT SERVES. ST. FRANCIS SHARES ITS CAMPUS WITH ST.GERTRUDE'S HEALTH AND REHABILITATION CENTER, ALLINA HEALTH CLINIC, PARK NICOLLET CLINIC, CANCER CENTER, DIALYSIS CENTER, EMERGENCY AND URGENT CARE, MEDICAL AND DENTISTRY, AND MANY OTHER SERVICES AND SPECIALTY CLINICS HOUSED IN ADJOINING MEDICAL OFFICE BUILDINGS. ST. FRANCIS IS JOINTLY OWNED BY ALLINA HEALTH SYSTEM, PARK NICOLLET HEALTH SERVICES, AND ESSENTIA HEALTH.IN 2023 ST. FRANCIS EXPENDED $ 139.4 MILLION TO PROVIDE MEDICAL SERVICES TO PATIENTS THAT INCLUDED NEARLY 5,500 INPATIENT ADMISSIONS, OVER 130,000 OUTPATIENT VISITS AND NEARLY 1,000 BIRTHS.

Program 2
Expenses: $30,932,086

COSTS OF PARTICIPATING IN GOVERNMENT PROGRAMSTO PROMOTE ACCESS TO CARE FOR ALL INDIVIDUALS, ST. FRANCIS PARTICIPATES IN THE FOLLOWING PUBLIC HEALTH CARE PROGRAMS: MEDICARE, MEDICAID, MINNESOTACARE...

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COSTS OF PARTICIPATING IN GOVERNMENT PROGRAMSTO PROMOTE ACCESS TO CARE FOR ALL INDIVIDUALS, ST. FRANCIS PARTICIPATES IN THE FOLLOWING PUBLIC HEALTH CARE PROGRAMS: MEDICARE, MEDICAID, MINNESOTACARE, AND GENERAL ASSISTANCE. PAYMENTS FROM THESE PROGRAMS FREQUENTLY DO NOT COVER THE COSTS ST. FRANCIS INCURS TO SERVE PROGRAM BENEFICIARIES. THE FOLLOWING IS A BREAKDOWN ON COSTS RELATED TO THESE PROGRAMS, SERVICES AND ADDITIONAL TAXES AND FEES.COSTS IN EXCESS OF MEDICARE AND MEDICAID PAYMENTSTHE MEDICAL CENTER PROVIDES SERVICES TO LOW-INCOME PUBLIC PROGRAM ENROLLEES (MEDICAID). PUBLIC PROGRAMS TYPICALLY REIMBURSE AT AMOUNTS LESS THAN COST. COSTS IN EXCESS OF PAYMENTS ASSOCIATED WITH PROVIDING CARE TO PATIENTS WHO RECEIVE MEDICAID ASSISTANCE DIRECTLY FROM THE STATE ARE REPORTED. IN 2023, AN IN-DEPTH ASSESSMENT OF CURRENT REPORTING PRACTICES AND EXPERT GUIDANCE WAS COMPLETED. THE CALCULATION OF THIS CATEGORY WAS ADJUSTED TO INCLUDE COSTS IN EXCESS OF PAYMENTS ASSOCIATED WITH PROVIDING CARE TO PATIENTS WHO ARE BENEFICIARIES OF PROGRAMS REIMBURSED THROUGH MANAGED CARE PLANS SUCH AS MINNESOTA HEALTH CARE PROGRAMS (MHCP). MANAGED CARE PLANS SUCH AS MHCP ARE A FORM OF MEDICAID, ADMINISTERED THROUGH MANAGED CARE ORGANIZATIONS. IN MINNESOTA, MOST RESIDENTS WHO QUALIFY FOR MEDICAID ARE REQUIRED TO ENROLL IN A MHCP PROGRAM UNLESS THEY MEET A CERTAIN LIST OF EXCLUSIONS. THE ADJUSTMENT TO INCLUDE MHCP PROGRAMS RESULTED IN AN INCREASE OF $8 MILLION REPORTED FOR 2023.MEDICAID SURCHARGEST. FRANCIS IS A PARTICIPANT IN THE MEDICAID SURCHARGE PROGRAM. THE CURRENT PROGRAM INCLUDES A 1.56% SURCHARGE ON A HOSPITAL'S NET PATIENT REVENUE (EXCLUDING MEDICARE REVENUE). REPORTED AMOUNTS ARE NET OF ANY DISPROPORTIONATE SHARE ADJUSTMENTS. IN 2023, ST. FRANCIS PAID $1.9 MILLION FOR THE MEDICAID SURCHARGE.MINNESOTACARE TAXST. FRANCIS ALSO PARTICIPATES IN THE FUNDING OF MEDICAL CARE FOR PEOPLE WHO ARE UNINSURED THROUGH A MINNESOTACARE TAX OF 1.6% ON CERTAIN NET REVENUE. PATIENTS WHO ARE UNABLE TO GET INSURANCE THROUGH THEIR EMPLOYER ARE ELIGIBLE TO PARTICIPATE IN MINNESOTACARE. ST. FRANCIS PAID $2.41 MILLION FOR MINNESOTACARE TAX IN 2023.

Program 3
Expenses: $4,441,572 Revenue: $-5,790,097

UNCOMPENSATED CARECHARITY CAREST. FRANCIS PROVIDES MEDICAL CARE WITHOUT CHARGE OR AT REDUCED COST TO RESIDENTS OF THE COMMUNITIES THAT IT SERVES THROUGH THE PROVISION OF CHARITY CARE. OUR CHARITY...

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UNCOMPENSATED CARECHARITY CAREST. FRANCIS PROVIDES MEDICAL CARE WITHOUT CHARGE OR AT REDUCED COST TO RESIDENTS OF THE COMMUNITIES THAT IT SERVES THROUGH THE PROVISION OF CHARITY CARE. OUR CHARITY CARE PROGRAM KNOWN AS ALLINA HEALTH PARTNERS CARE PROGRAM WAS ESTABLISHED TO ASSIST PATIENTS WHO DO NOT QUALIFY FOR MEDICAL ASSISTANCE SUCH AS MEDICAID AND WHOSE ANNUAL INCOMES ARE AT OR BELOW 275% OF THE FEDERAL POVERTY LEVEL. CHARITY CARE DOES NOT INCLUDE BAD DEBT (CHARGES WRITTEN OFF AS UNPAID AND UNCOLLECTIBLE). THROUGH THIS PROGRAM, ST. FRANCIS STRIVES TO ENSURE THAT ALL MEMBERS OF THE COMMUNITY RECEIVE QUALITY MEDICAL CARE; REGARDLESS OF ABILITY TO PAY. IN 2023, ST. FRANCIS PROVIDED $750 THOUSAND IN CHARITY CARE.UNINSURED DISCOUNT PROGRAMFOR UNINSURED PATIENTS WHO DO NOT QUALIFY FOR MEDICAID OR MEET THE FINANCIAL THRESHOLD FOR CHARITY CARE, BUT REQUIRE SOME FINANCIAL ASSISTANCE, ST. FRANCIS PROVIDES A SLIDING SCALE DISCOUNT. ALL UNINSURED PATIENTS ARE ELIGIBLE FOR A MINIMUM OF A 25 PERCENT DISCOUNT ON BILLED CHARGES AND MAY QUALIFY FOR DISCOUNTS UP TO 44 PERCENT BASED ON ELIGIBILITY CRITERIA. IN 2023, ST. FRANCIS PROVIDED $3.7 MILLION IN SUCH DISCOUNTS TO LOW-INCOME, UNINSURED INDIVIDUALS. BAD DEBTST. FRANCIS PROVIDES MEDICAL CARE TO ALL IN NEED. THERE ARE TIMES WHEN PATIENT ACCOUNT BALANCES GO UNPAID, KNOWN AS BAD DEBT. THESE BAD DEBT CHARGES IN 2023 TOTALED $5.8 MILLION. BAD DEBT EXPENSE HAS NOT BEEN INCLUDED IN FORM 990, PART IX, LINE 25 BUT HAS BEEN REPORTED AS A REDUCTION TO PATIENT SERVICE REVENUE ON FORM 990, PART VIII LINE 2B.

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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 (2023)

Revenue Breakdown

Contributions & Grants $783,941
Program Service Revenue $217,304,644
Investment Income $8,697,573
Other Revenue $611,517
TOTAL REVENUE $227,397,675

Expense Breakdown

Grants Paid $180,203
Salaries & Benefits $102,008,313
Fundraising Expenses $292,286
Program Expenses $192,605,051
Other Expenses $103,821,664
TOTAL EXPENSES $206,010,180

Year-over-Year Comparison

2023 2022 Change
Revenue $227,397,675 $205,186,335 +0.1%
Expenses $206,010,180 $190,136,343 +0.1%
Net Income $21,387,495 $15,049,992 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
12
Employees
N/A
Volunteers
201

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
2
$795,645
Total Directors
18
$1,396,217
Key Employees
1
$324,867
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY JERDEE DIRECTOR/PRESIDENT 40.00
Officer Director
$463,851 $92,401 $556,252
SETH VOGEL MD DIRECTOR 2.00
Director
$0 $71,241 $450,432
NANCY O'CONNOR DIRECTOR 2.00
Director
$0 $56,662 $389,533
JOANNA BRYANT DIRECTOR 2.00
Director
$0 $0 $0
MARK DANAHY MD DIRECTOR 2.00
Director
$0 $0 $0
SR KATHLEEN DEL MONTE DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER DESCHAINE DIRECTOR 2.00
Director
$0 $0 $0
AMY DEWANE DIRECTOR 2.00
Director
$0 $0 $0
AYESHA DOWNS DDS DIRECTOR 2.00
Director
$0 $0 $0
SHARI DUGSTAD DIRECTOR 2.00
Director
$0 $0 $0
KIMBERLY EGAN DIRECTOR 2.00
Director
$0 $0 $0
DANA HARDIE DIRECTOR 2.00
Director
$0 $0 $0
CYNTHIA HARVATH MD DIRECTOR 2.00
Director
$0 $0 $0
SR KATHLEEN HOFER DIRECTOR 2.00
Director
$0 $0 $0
YANNICK MIAFFO DIRECTOR 2.00
Director
$0 $0 $0
DEBORAH PAULY DIRECTOR 2.00
Director
$0 $0 $0
REV DAN POFFENBERGER DIRECTOR 2.00
Director
$0 $0 $0
RYAN TRANBY DIRECTOR 2.00
Director
$0 $0 $0
ANGELA GUTZMER FINANCE DIRECTOR 40.00
Officer
$202,470 $36,923 $239,393
LAURA RANDGAARD VP PATIENT CARE SVCS. 40.00
Key Emp
$252,439 $72,428 $324,867
KARYN BARRY CRNA 40.00
Highest
$306,666 $34,830 $341,496
CHRISTY MCGUFFEE CRNA 40.00
Highest
$266,255 $36,535 $302,790
DEAN TEBRAKE CRNA 40.00
Highest
$270,554 $21,513 $292,067
JAMES GRUENWALD CRNA 40.00
Highest
$244,674 $28,383 $273,057
COLEEN HELBERG CRNA 40.00
Highest
$271,711 $444 $272,155
MONTE JOHNSON MD FORMER DIRECTOR/VP MEDICAL 24.00
$314,641 $106,875 $631,277
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 $227,397,675 $206,010,180 $252,418,317 $21,387,495
2022 $205,186,335 $190,136,343 $220,689,125 $15,049,992
2021 $188,776,800 $175,610,087 $229,859,048 $13,166,713
2020 $176,472,441 $163,977,917 $215,100,940 $12,494,524
2019 $174,712,999 $161,969,249 $196,443,242 $12,743,750
2018 $172,701,533 $153,901,031 $189,377,451 $18,800,502
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