Fairview Physician Associates Netw… - Form 990 Financial Data

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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

1993

Legal Domicile

Phone

6166726893

Tax Period

2023-01-01 to 2023-12-31

Fairview Physician Associates Network, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $30.8M in total revenue in fiscal year 2023. Revenue surged 282% from the prior year, signaling strong growth momentum. Expenses of $26.6M left a modest 14% surplus.

Mission

Fairview Physician Associates (FPA) is an integrated practice network of more than 4,000 providers. As a physician-and clinic administrator - led nonprofit, we work to provide personalized care that improves health outcomes of individuals in our defined community, while providing quality care, exceptional patient satisfaction and reducing total cost of care.

Program Service Accomplishments

Program 1

Expenses: $23,945,247 Revenue: $29,864,141

Fairview Physician Associates Network (FPA) currently is accountable for providing a broad array of healthcare services for over 525,000 individuals through our contracts with purchasers and payers. The network assumes risk for over 438,000 member lives in shared savings incentives, including 120,000 member lives in defined network products. Although many of FPA's health improvement and population management initiatives have been developed to increase quality, improve the patient experience, and decrease cost to the individuals served through our shared savings care system contracts, many of the benefits accrue to the entire population served through FPA affiliated clinics and Fairview hospitals (clinical integration).

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,864,141

Investment Income $984,225

Other Revenue $0

TOTAL REVENUE $30,848,366

Expense Breakdown

Grants Paid $170,264

Salaries & Benefits $2,062,037

Fundraising Expenses $0

Program Expenses $23,945,247

Other Expenses $24,372,155

TOTAL EXPENSES $26,604,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,848,366	$8,084,073	+2.8%
Expenses	$26,604,456	$5,610,894	+3.7%
Net Income	$4,243,910	$2,473,179	+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

Volunteers

N/A

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

$8,218,368

Total Directors

$8,313,368

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chair	2.0	Officer Director	$0	$0	$20,000
N/A	Director	1.0	Officer Director	$0	$38,307	$5,246,751
N/A	FPAN President & Phy Chf Spec Svcs	12.0	Officer Director	$0	$61,558	$750,111
N/A	Treasurer	2.0	Officer Director	$0	$200,937	$1,843,940
N/A	Vice Chair	2.0	Officer Director	$0	$0	$25,000
N/A	Director	2.0	Officer Director	$0	$0	$35,000
N/A	VP & Secretary	40.0	Officer Director	$270,104	$27,462	$297,566
N/A	Director	2.0	Director	$0	$0	$20,000
N/A	Director	2.0	Director	$0	$0	$25,000
N/A	Director	2.0	Director	$0	$0	$25,000
N/A	Director	2.0	Director	$0	$0	$25,000
N/A	Director	2.0	Director	$0	$0	$0
N/A	Ex-Officio	2.0	Director	$0	$0	$0
N/A	Principal Analytics Consultant	40.0	Highest	$140,316	$26,919	$167,235
N/A	Dir Network Ops & Develop	40.0	Highest	$184,525	$22,447	$206,972
N/A	Finance Mgr/Contract	40.0	Highest	$138,237	$26,529	$164,766
N/A	Operations Manager	40.0	Highest	$113,083	$29,303	$142,386
N/A	Network Op Manager	40.0	Highest	$139,603	$21,486	$161,089
N/A	Former Officer	0.0		$0	$170,630	$1,253,184

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	$30,848,366	$26,604,456	$66,199,922	$4,243,910
2022	$8,084,073	$5,610,894	$48,954,958	$2,473,179
2021	$9,160,624	$3,910,257	$36,917,105	$5,250,367
2020	$6,147,511	$3,545,673	$30,607,285	$2,601,838
2019	$10,758,916	$4,185,224	$29,747,723	$6,573,692
2018	$4,821,932	$5,046,206	$20,671,847	$-224,274

Fairview Physician Associates Network