INDIAN HEALTH BOARD OF MINNEAPOLIS INC (EIN 410977740) - 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

1971

Legal Domicile

Principal Officer

PATRICK ROCK MD

Phone

6127219800

Tax Period

2024-07-01 to 2025-06-30

INDIAN HEALTH BOARD OF MINNEAPOLIS INC, founded in 1971, is a mid-sized nonprofit in the Health Care sector that reported $30.9M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.2M, a strong 53% operating margin.

Mission

TO ENSURE ACCESS TO QUALITY HEALTH CARE SERVICES FOR AMERICAN INDIANS AND OTHER PEOPLES AND TO PROMOTE HEALTH EDUCATION AND WELLNESS.

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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 $22,168,212

Program Service Revenue $8,305,348

Investment Income $379,065

Other Revenue $54,488

TOTAL REVENUE $30,907,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,943,488

Fundraising Expenses $85,323

Program Expenses $11,010,827

Other Expenses $3,721,139

TOTAL EXPENSES $14,664,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,907,113	$19,019,694	+0.6%
Expenses	$14,664,627	$14,519,279	+0.0%
Net Income	$16,242,486	$4,500,415	+2.6%

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

Governance

Voting Members

Independent Members

Employees

123

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

$883,307

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONI BUFFALOHEAD	CHAIR	0.30	Officer Director	$0	$0	$0
MARK FIDDLER	VICE CHAIR	0.30	Officer Director	$0	$0	$0
JASON LUHRS	TREASURER	0.30	Officer Director	$0	$0	$0
HEATHER FAHEY	SECRETARY	0.30	Officer Director	$0	$0	$0
FRANK BRODERICK	BOARD MEMBER	0.30	Director	$0	$0	$0
LINDA FRIZZELL	BOARD MEMBER	0.30	Director	$0	$0	$0
LEMOINE LAPOINTE	BOARD MEMBER	0.30	Director	$0	$0	$0
LISA MARTIN	BOARD MEMBER	0.30	Director	$0	$0	$0
GAIL MASON	BOARD MEMBER	0.30	Director	$0	$0	$0
PATRICK ROCK MD	CHIEF EXECUTIVE OFFICER	40.00	Officer	$394,468	$47,764	$442,232
KATHRYN HEMKER	CHIEF OPERATING OFFICER	40.00	Officer	$219,525	$42,663	$262,188
KRIS WEHLAGE	FINANCE DIRECTOR	40.00	Officer	$160,817	$18,070	$178,887
MITCHELL LACOMBE	MEDICAL DIRECTOR	40.00	Highest	$290,024	$43,367	$333,391
EMILY TORELL	PHYSICIAN	40.00	Highest	$212,590	$22,520	$235,110
SHEILA THORSTENSON	DENTAL DIRECTOR	40.00	Highest	$209,018	$40,868	$249,886
MICHAEL HARRIS	COMMUNITY ENGAGEMENT DIRECTOR	40.00	Highest	$184,696	$20,963	$205,659
JUSTIN MIKESELL	DENTIST	40.00	Highest	$168,663	$22,141	$190,804

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
2025	$30,907,113	$14,664,627	$54,725,500	$16,242,486
2024	$19,019,694	$14,519,279	$39,811,970	$4,500,415
2023	$16,392,065	$12,620,472	$38,661,430	$3,771,593
2022	$14,970,522	$12,974,584	$36,459,673	$1,995,938
2021	$13,433,469	$11,728,089	$21,449,383	$1,705,380
2020	$10,473,791	$9,795,765	$18,955,133	$678,026
2019	$9,260,995	$9,322,415	$14,144,139	$-61,420

INDIAN HEALTH BOARD OF MINNEAPOLIS INC