HEALTHPARTNERS INC

EIN: 411693838

MINNEAPOLIS, MN

Total Revenue
$3,178,529,906
Total Expenses
$3,308,660,935
Total Assets
$1,743,405,244
Net Assets
$862,417,013
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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
1984
Legal Domicile
MN
Principal Officer
PENNY D CERMAK
Phone
9528836584
Tax Period
2024-01-01 to 2024-12-31

HEALTHPARTNERS INC, founded in 1984, is a large national nonprofit that reported $3.2B in total revenue in fiscal year 2024.

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 $0
Program Service Revenue $3,126,159,372
Investment Income $45,043,852
Other Revenue $7,326,682
TOTAL REVENUE $3,178,529,906

Expense Breakdown

Grants Paid $1,577,184
Salaries & Benefits $140,608,413
Fundraising Expenses $0
Program Expenses $3,054,982,847
Other Expenses $3,166,475,338
TOTAL EXPENSES $3,308,660,935

Year-over-Year Comparison

2024 2023 Change
Revenue $3,178,529,906 $3,345,003,598 0.0%
Expenses $3,308,660,935 $3,159,255,743 +0.0%
Net Income $-130,131,029 $185,747,855 -1.7%
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

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Governance

Voting Members
16
Independent Members
14
Employees
N/A
Volunteers
14

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
$29,715,606
Total Directors
16
$2,362,482
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP DONALDSON DIRECTOR & CHAIR 1.90
Officer Director
$0 $0 $40,000
ROBERT EHREN DIRECTOR 3.00
Director
$0 $0 $30,000
MORRIS GOODWIN DIRECTOR & TREASURER 3.10
Officer Director
$0 $0 $33,000
DEBORAH HOPP DIRECTOR & VICE CHAIR 3.80
Officer Director
$0 $0 $48,000
KATHLEEN KELLEY DIRECTOR 4.00
Director
$0 $0 $33,000
DAVID LAGERSTROM DIRECTOR 3.00
Director
$0 $0 $30,000
AMY LANGER DIRECTOR 3.00
Director
$0 $0 $33,000
ANA RUBY LEE DIRECTOR 2.40
Director
$0 $0 $30,000
LAURA LIU DIRECTOR 3.20
Director
$0 $0 $30,000
SHARON PIERCE DIRECTOR 3.00
Director
$0 $0 $33,000
SONDRA SAMUELS DIRECTOR 2.50
Director
$0 $0 $33,000
THOMAS SCHRUP MD DIRECTOR 2.60
Director
$0 $0 $30,000
PAUL WILLIAMS DIRECTOR 3.40
Director
$0 $0 $36,000
BRAD WOZNEY MD DIRECTOR 2.40
Director
$0 $0 $33,000
STEVEN M CONNELLY MD DIRECTOR & EXC MEDICAL DIRECTOR 20.00
Officer Director
$0 $177,487 $1,319,916
RAE ANN WILLIAMS MD DIRECTOR 2.00
Director
$0 $160,728 $570,566
ANDREA M WALSH PRESIDENT & CEO 20.00
Officer
$0 $910,637 $3,838,003
EMILY C BLOMBERG VP, PRESIDENT REGIONS HOSPITAL 0.50
Officer
$0 $32,094 $413,119
PENNY D CERMAK EVP & CFO 20.00
Officer
$0 $283,429 $1,635,603
NANCY L EVERT SECRETARY & SVP GEN CNSL 10.00
Officer
$0 $248,257 $1,078,463
RANDALL M BILLINGS SVP PROVIDER PARTNERSHIPS 0.50
Officer
$0 $69,414 $902,117
JENNIFER DANIELSON EVP & CHIEF HEALTH PLAN OFFICER 49.00
Officer
$0 $187,242 $1,343,456
KATHLEEN FAULK SVP GOV'T PROGRAMS 0.00
Officer
$0 $26,504 $195,192
DAVID S GESKO DDS SVP - DENTAL DIRECTOR 0.50
Officer
$0 $39,052 $385,611
MARK E HANSBERRY SVP & CHIEF MARKETING OFFICER 0.50
Officer
$0 $159,576 $945,483
PAHOUA Y HOFFMAN SVP GOV. & COMM RELATIONS 0.50
Officer
$0 $112,677 $564,992
CARA M HULL CHIEF QUALITY OFFICER 51.50
Officer
$0 $74,318 $666,092
KATHY JOHNSON SVP & CFO 20.00
Officer
$0 $188,725 $648,129
VIRGINIA L KAKACEK MD HEALTH PLAN CHIEF MEDICAL 0.50
Officer
$0 $147,106 $811,690
SUSAN M KNUDSON EVP HEALTH ENG & INFO OFFICER 0.50
Officer
$0 $403,420 $1,531,552
STEVEN E KONNATH SVP ACTUARIAL UNDERWRITING & GOVT PROGRAMS 0.00
Officer
$0 $41,498 $337,888
BRANDI L LUNNEBORG PRESIDENT LAKEVIEW HEALTH 0.50
Officer
$0 $144,394 $852,516
KRISTI LYON SVP, PROVIDER PARTNER & ENGAGEMENT 1.00
Officer
$0 $126,573 $629,604
NANCY A MCCLURE CHIEF OPERATING OFFICER 0.50
Officer
$0 $52,557 $1,371,642
JENNIFER L MYSTER VP, PRESIDENT METHODIST HOSPITAL 0.50
Officer
$0 $145,186 $819,186
NICO P PRONK PHD PRESIDENT HP INSTITUTE 0.50
Officer
$0 $157,952 $676,025
MEGAN M REMARK EVP & COO 54.50
Officer
$0 $368,676 $1,427,650
ALITA RISINGER SVP & CFO CARE DELIVERY 0.50
Officer
$0 $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 13.30
Officer
$0 $185,788 $1,021,358
TOBI TANZER SVP INTEGRITY & COMPLIANCE 20.70
Officer
$0 $236,917 $801,259
DELINDA H WASHINGTON SVP CPO 20.70
Officer
$0 $192,918 $1,147,472
DENNIS M ZUZEK SVP & CTO 10.80
Officer
$0 $146,668 $978,757
KEVIN J PALATTAO SVP DIGITAL CARE DELIVERY 0.00
Officer
$0 $111,156 $1,090,063
FELIX K ANKEL MD FORMER EXEC. DIRECTOR 0.00
$0 $129,735 $375,855
HEIDI G CONRAD FORMER VP & CFO 0.00
$0 $61,676 $766,298
JAMES W EPPEL FORMER EVP AND CAO 0.00
$0 $9,026 $127,014
DOUG N SMITH FORMER SR. VP - SALES 0.00
$0 $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 $3,178,529,906 $3,308,660,935 $1,743,405,244 $-130,131,029
2023 $3,345,003,598 $3,159,255,743 $1,710,321,581 $185,747,855
2022 $2,933,681,345 $2,783,536,558 $1,432,583,134 $150,144,787
2021 $2,595,512,194 $2,515,041,499 $1,412,382,010 $80,470,695
2020 $2,200,384,109 $2,054,288,873 $1,375,499,221 $146,095,236
2019 $2,156,321,342 $2,132,588,019 $946,661,634 $23,733,323
2018 $1,956,506,637 $1,906,125,209 $1,022,338,467 $50,381,428
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