MINNESOTA HOSPITAL FOUNDATION (EIN 411769025) - 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

1993

Legal Domicile

Principal Officer

RAHUL KORANNE

Phone

6516463501

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA HOSPITAL FOUNDATION, founded in 1993, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 620% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 99% operating margin.

Mission

ADVANCE INDIVIDUAL & COMMUNITY THROUGH LEADERSHIP, ADVOCACY, AND COLLABORATION

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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 $1,000,000

Program Service Revenue $0

Investment Income $140,536

Other Revenue $0

TOTAL REVENUE $1,140,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,729

Other Expenses $12,729

TOTAL EXPENSES $12,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,140,536	$158,383	+6.2%
Expenses	$12,729	$9,760	+0.3%
Net Income	$1,127,807	$148,623	+6.6%

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

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

$928,177

Total Directors

$928,177

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAHUL KORANNE	PRESIDENT/CEO	1.00	Officer Director	$0	$34,530	$928,177
STEVEN UNDERDAHL	CHAIR	0.50	Officer Director	$0	$0	$0
JAMES HEREFORD	CHAIR ELECT	0.50	Officer Director	$0	$0	$0
RACHELLE SCHULTZ	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
DAN OLSON	EX-OFFICIO DIRECTOR	0.50	Director	$0	$0	$0
DAVID HERMAN	STANDING DIRECTOR	0.70	Director	$0	$0	$0
SARA CRIGER	STANDING DIRECTOR	0.50	Director	$0	$0	$0
KEVIN CROSTON	STANDING DIRECTOR	0.50	Director	$0	$0	$0
GREG RUBERG	REGIONAL DIRECTOR	0.50	Director	$0	$0	$0
DAVID SLOWINSKE	STANDING DIRECTOR	0.50	Director	$0	$0	$0
HALENA GAZELKA	STANDING DIRECTOR	0.50	Director	$0	$0	$0
PATTI BANKS	STANDING DIRECTOR	0.50	Director	$0	$0	$0

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	$1,140,536	$12,729	$3,875,298	$1,127,807
2022	$158,383	$9,760	$2,764,800	$148,623
2021	$2,635,000	$1,225	$2,635,000	$2,633,775
2019	$355,551	$1,130	No data	$354,421

MINNESOTA HOSPITAL FOUNDATION