MEDICA FOUNDATION

EIN: 411812461 501(c)(3) Health Care

MINNETONKA, MN

Total Revenue
$7,617,966
Total Expenses
$3,512,890
Total Assets
$76,228,960
Net Assets
$74,427,460
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MN
Principal Officer
ELIZABETH ERICKSON
Phone
9529922058
Tax Period
2024-01-01 to 2024-12-31

MEDICA FOUNDATION, founded in 1996, is a community nonprofit in the Health Care sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 54% operating margin.

Mission

THE MEDICA FOUNDATION FUNDS PROGRAMS THAT IMPROVE HEATH AND INCREASE ACCESS TO HEALTH CARE SERVICES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $7,617,966
Other Revenue $0
TOTAL REVENUE $7,617,966

Expense Breakdown

Grants Paid $2,850,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,850,000
Other Expenses $662,890
TOTAL EXPENSES $3,512,890

Year-over-Year Comparison

2024 2023 Change
Revenue $7,617,966 $5,992,092 +0.3%
Expenses $3,512,890 $2,833,682 +0.2%
Net Income $4,105,076 $3,158,410 +0.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
6
$4,131,016
Total Directors
5
$470,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BUCK DIRECTOR 0.00
Director
$0 $0 $145,250
JOHN STANOCH DIRECTOR & CHAIR 0.00
Officer Director
$0 $0 $128,500
MARY TWINEM DIRECTOR & VICE CHAIR 0.00
Officer Director
$0 $0 $90,250
GAYE ADAMS MASSEY DIRECTOR 0.00
Director
$0 $0 $87,750
UGWUJI MADUEKWE DIRECTOR 0.00
Director
$0 $0 $18,500
ELIZABETH F ERICKSON PRESIDENT, CEO, & TREAS THRU 1/2024 0.00
Officer
$0 $201,202 $1,870,851
MARY P QUIST SR. VP, FINANCE THRU 6/2024 0.00
Officer
$0 $35,245 $639,953
KRISTA DUSIL SVP, CFO, & TREASURER 0.00
Officer
$0 $116,115 $920,238
ALICIA REUTER SVP & CHIEF LEGAL OFFICER, SECRETARY 0.00
Officer
$0 $72,742 $481,224
SAMUEL LEON FORMER DIRECTOR 0.00
$0 $0 $23,250
MARK L BAIRD FORMER SVP & CFO 0.00
$0 $0 $370,125
JAMES P JACOBSON FORMER SVP SEC & GEN COUNSEL 0.00
$0 $0 $403,815
DAVID H ELLENBOGEN FORMER SVP SEC & GEN COUNSEL 0.00
$0 $1,619 $226,230
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 $7,617,966 $3,512,890 $76,228,960 $4,105,076
2023 $5,992,092 $2,833,682 $70,831,578 $3,158,410
2023 $5,992,092 $2,833,682 $70,831,578 $3,158,410
2022 $4,948,323 $2,196,274 $61,623,458 $2,752,049
2021 $7,726,701 $3,636,077 $70,871,769 $4,090,624
2020 $13,054,845 $4,971,959 $64,599,900 $8,082,886
2019 $10,194,683 $2,517,205 $52,383,395 $7,677,478
2018 $12,666,309 $2,017,819 $39,564,384 $10,648,490
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MEDICA FOUNDATION with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.