BLOOMINGTON, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OLIVIA HOSPITAL & CLINIC FOUNDATION, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $224K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $267K exceeded revenue, resulting in a 19% operating deficit.
THE FOUNDATION IS ORGANIZED TO SUPPORT HEALTHPARTNERS RC, DBA OLIVIA HOSPITAL AND CLINIC, IN DELIVERING ACCESSIBLE AND QUALITY HEALTH CARE FOR RESIDENTS OF THE COMMUNITIES IT SERVES.
OLIVIA HOSPITAL & CLINIC FOUNDATION (THE FOUNDATION) IS A MINNESOTA NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS...
OLIVIA HOSPITAL & CLINIC FOUNDATION (THE FOUNDATION) IS A MINNESOTA NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS PART OF THE HEALTHPARTNERS ORGANIZATION, "HEALTHPARTNERS". HEALTHPARTNERS IS A NONPROFIT ORGANIZATION WITH A MISSION OF IMPROVING HEALTH AND WELL-BEING IN PARTNERSHIP WITH ITS PATIENTS, MEMBERS AND COMMUNITY. FOUNDED IN 1957, HEALTHPARTNERS IS AN INTEGRATED HEALTH CARE ORGANIZATION, PROVIDING HEALTH CARE SERVICES AND HEALTH PLAN FINANCING AND ADMINISTRATION. HEALTHPARTNERS' MISSION IS TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS, AND COMMUNITY. HEALTHPARTNERS SEEKS TO TRANSFORM HEALTH CARE THROUGH A RELENTLESS FOCUS ON THE TRIPLE AIM - PROVIDING EXCEPTIONAL EXPERIENCE FOR THE INDIVIDUAL, IMPROVING THE HEALTH OF THE POPULATION, AND MAINTAINING AFFORDABILITY. HEALTHPARTNERS, INC. (HPI) IS A MINNESOTA NONPROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(4) AND IS THE PARENT ENTITY OF HEALTHPARTNERS ORGANIZATIONS REFERRED TO COLLECTIVELY AS "HEALTHPARTNERS". HEALTHPARTNERS INCLUDES AN ARRAY OF TAX-EXEMPT AND TAXABLE ORGANIZATIONS. HEALTHPARTNERS PROVIDES A FULL RANGE OF HEALTH CARE DELIVERY AND HEALTH PLAN SERVICES INCLUDING INSURANCE, PATIENT CARE, ADMINISTRATION AND HEALTH AND WELL-BEING PROGRAMS. HEALTHPARTNERS HEALTH PLANS SERVE MORE THAN 1.8 MILLION MEDICAL AND DENTAL MEMBERS NATIONWIDE. HEALTHPARTNERS MEDICAL CARE SYSTEM INCLUDES MORE THAN 2,000 EMPLOYED PHYSICIANS AND DENTISTS, EIGHT OWNED HOSPITALS WITH OVER 1,000 ACUTE CARE BEDS, OVER 100 PRIMARY AND SPECIALTY CARE MEDICAL FACILITIES AND DENTAL FACILITIES WITH PRACTICES IN MINNESOTA AND WESTERN WISCONSIN SERVING MORE THAN 1.34 MILLION PATIENTS. HEALTHPARTNERS HEALTH PLANS CONTRACT WITH OTHER PRIMARY AND SPECIALTY MEDICAL FACILITIES AND DENTAL FACILITIES, PHYSICIAN GROUPS, HOSPITALS, AND RELATED HEALTHCARE PROVIDERS TO SERVE PLAN MEMBERS. HEALTHPARTNERS ALSO PROVIDES MEDICAL EDUCATION AND TRAINING TO MEDICAL PROFESSIONALS AND CONDUCTS RESEARCH AND FUNDRAISING ACTIVITIES THAT SUPPORT THE HEALTH CARE DELIVERY SYSTEM. HEALTHPARTNERS COLLABORATES WITH OTHER PLANS, CARE PROVIDERS AND OTHER COMMUNITY AND BUSINESS ORGANIZATIONS IN THE REGION AND THROUGHOUT THE NATION TO INCREASE ACCESS, CREATE AND SHARE QUALITY MEASURES AND INITIATIVES, PARTICIPATE IN DEVELOPMENT OF PUBLIC POLICY, AND COLLABORATE IN IMPROVEMENTS THAT SUPPORT THE TRIPLE AIM. AMONG HEALTHPARTNERS' SIGNATURE INITIATIVES ARE TOTAL COST OF CARE MEASUREMENTS (A NATIONALLY RECOGNIZED METRIC, ENABLING MEASUREMENT AND INCENTIVES BASED ON COORDINATION AND EVIDENCE-BASED PRACTICES), MENTAL HEALTH (REDUCING STIGMA, AND ASSURING ACCESS TO HIGH QUALITY CARE IN THE MOST APPROPRIATE SETTINGS), CHILDREN'S HEALTH (IMPROVING CHILD HEALTH BY PROMOTING EARLY BRAIN DEVELOPMENT, PROVIDING FAMILY CENTERED CARE, AND STRENGTHENING COMMUNITIES), EQUITY, INCLUSION, AND ANTI-RACISM (ADDRESSING HEALTH EQUITY, ELIMINATING HEALTH CARE DISPARITIES, INCREASING DIVERSITY AND INCLUSION IN OUR WORKPLACES, BUILDING AN ANTI-RACIST CULTURE, AND DEEPENING OUR COLLECTIVE UNDERSTANDING OF CULTURAL HUMILITY) AND SUSTAINABILITY (ENERGY EFFICIENCY, WASTE REDUCTION, AND RESOURCE MANAGEMENT). A COMPLETE LISTING OF ALL ORGANIZATIONS WITHIN HEALTHPARTNERS, AND THE RELATIONSHIP BETWEEN THEM, CAN BE FOUND ON SCHEDULE R WITHIN THIS 990 RETURN. DETAILED INFORMATION ABOUT THE COMMUNITY BENEFIT ACTIVITIES AND ACCOMPLISHMENTS OF EACH TAX-EXEMPT ORGANIZATION CAN BE FOUND IN THE INDIVIDUAL FORM 990 RETURN FOR THAT ORGANIZATION. HEALTHPARTNERS, INC. (HPI) IS THE PARENT ENTITY OF HEALTHPARTNERS AND IS A MINNESOTA NON-PROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(4). HPI IS THE SOLE CORPORATE MEMBER OF PARK NICOLLET HEALTH SERVICES WHICH IN TURN IS THE SOLE CORPORATE MEMBER OF HEALTHPARTNERS RC (HPRC), BOTH OF WHICH ARE MINNESOTA NON-PROFIT CORPORATIONS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3). HPPC IS THE PARENT ENTITY OF OLIVIA THE FOUNDATION. THE FOUNDATION IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX AS A SUPPORTING ORGANIZATION TO HPRC. ALL OF THE FOUNDATION'S ACTIVITIES EITHER DIRECTLY SUPPORT HPRC OR ARE IN FURTHERANCE OF ITS MISSION. HEALTH PROFESSIONAL EDUCATION: IN 2023, THE FOUNDATION AWARDED SCHOLARSHIPS FOR STUDENTS PURSUING DEGREES IN HEALTH CARE DELIVERY RELATED FIELDS. THESE SCHOLARSHIPS INVEST IN STUDENTS WITH BRIGHT FUTURES WHO WANT TO USE THEIR TALENTS TO CARE FOR OTHERS. THROUGH SCHOLARSHIP AWARDS, WE'RE HELPING TRAIN THE NEXT GENERATION OF RURAL HEALTH CARE LEADERS. THE SCHOLARSHIPS TOTALED $8,000 IN 2023. THE FOUNDATION FUNDRAISING AND GRANTING: THE FOUNDATION RECEIVED A TOTAL OF CONTRIBUTIONS AND IN-KIND CONTRIBUTIONS OF $169,746 IN 2023. THESE FUNDS WERE DIRECTED TO SEVERAL PROGRAMS IN OUR COMMUNITY, AS WELL AS WELL AS INTERNAL PROGRAMS, GREATEST NEED ALLOCATIONS AND CAPITAL REQUESTS WITHIN HPRC. THE FUNDING: SUPPORTED OUR PATIENTS WITH SHORT-TERM NEEDS THAT COULD PREVENT THEM FROM GETTING NECESSARY CARE THROUGH THE FOUNDATION GOOD SAMARITAN FUND. TOTAL FUNDS SUPPORTED $1,221.93. SUPPORTED HPRC HOSPICE PROGRAMS TO HELP SUPPORT MEDICATION, TRANSPORTATION, AND MANY SOOTHING THERAPIES. IN ADDITION, SUPPORTING SPIRITUAL CARE, SOCIAL SERVICES, GRIEF COUNSELING AND MORE FOR THE PATIENTS AND THEIR FAMILIES. TOTAL FUNDS SUPPORTED $39,522.32. SUPPORTED PROGRAMS THAT MEET OUR NEIGHBORS WHERE THEY ARE, HELP TO EXPAND ACCESS TO FOOD, INFORMATION AND RESOURCES THAT IMPROVE HEALTH AND WELL-BEING. THESE PROGRAMS INCLUDE MOBILE FOOD SHELF IN RENVILLE COUNTY, FRUIT AND VEGGIE RX PROGRAM, BACK THE PACK PROGRAM, REVOLUTION WELLNESS YMCA, MENTAL HEALTH, DENTAL OUTREACH CLINICS AND MORE. TOTAL FUNDS SUPPORTED $28,920.14. SUPPORTED HPRC COLLEAGUES BY PROVIDING AN ONSITE SIMULATION TRAINING. TOTAL FUNDS SUPPORTED $3,358.47. SUPPORTED A PURCHASE OF A CENTRIFUGE (LABORATORY EQUIPMENT) AND A BLOOD BANK REFRIGERATOR FOR HPRC. TOTAL FUNDS SUPPORTED $11,368.62. SUPPORTED THE OLIVIA AMBULANCE SERVICE WITH A CONTRIBUTION OF $25,000 TOWARDS THEIR NEW FACILITY, WHICH IS NOW NEAR THE HPRC CAMPUS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $224,257 | $486,700 | -0.5% |
| Expenses | $266,739 | $169,007 | +0.6% |
| Net Income | $-42,482 | $317,693 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BECCA THIESSE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER MACIK | DIRECTOR & CHAIR | 1.00 |
Officer
Director
|
$0 | $44,012 | $236,524 |
| SARA BENSON | DIRECTOR & TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHANE WOHLMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY HOLLAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAN SIMONSEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA MELBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY DEWANE | DIRECTOR | 1.00 |
Director
|
$0 | $67,579 | $525,628 |
| HEATHER JESERITZ | DIRECTOR & SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NATHAN PULSCHER | DIRECTOR & PRESIDENT | 1.00 |
Officer
Director
|
$0 | $66,188 | $379,987 |
| TOM KROES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY A ANDERSON | CFO | 1.00 |
Officer
|
$0 | $44,981 | $254,620 |
| JACKIE EDWARDS | DIRECTOR & COMM RELATIONS | 1.00 |
Officer
|
$0 | $35,591 | $133,428 |
| NATHAN BLAD | FORMER PRESIDENT | 1.00 |
|
$0 | $51,046 | $353,202 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $224,257 | $266,739 | $2,640,879 | $-42,482 |
| 2022 | $486,700 | $169,007 | $2,474,261 | $317,693 |
| 2021 | $141,744 | $430,704 | $2,519,852 | $-288,960 |
| 2020 | $172,108 | $198,657 | $2,656,863 | $-26,549 |
| 2020 | $172,108 | $198,657 | $2,656,860 | $-26,549 |
| 2019 | $393,868 | $366,977 | $2,588,910 | $26,891 |
| 2018 | $221,161 | $519,867 | $2,292,969 | $-298,706 |
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