UNIVERSITY OF MINNESOTA PHYSICIANS

EIN: 411843943 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$903,048,414
Total Expenses
$909,135,379
Total Assets
$286,805,724
Net Assets
$75,333,979
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MN
Principal Officer
BEVAN YUEH
Phone
6128840600
Tax Period
2023-07-01 to 2024-06-30

UNIVERSITY OF MINNESOTA PHYSICIANS, founded in 1996, is a major nonprofit in the Health Care sector that reported $903.0M in total revenue in fiscal year 2023.

Mission

UNIVERSITY OF MINNESOTA PHYSICIANS SERVES AS THE INTEGRATED GROUP PRACTICE FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL FULL-TIME FACULTY TO PROVIDE THE HIGHEST QUALITY HEALTHCARE TO PATIENTS AND THEIR FAMILIES.UNIVERSITY OF MINNESOTA PHYSICIANS IS A MULTI-SPECIALTY PHYSICIAN ORGANIZATION SERVING AS THE FACULTY PRACTICE PLAN FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL. IT IS DEDICATED TO PROVIDING HIGH QUALITY, PATIENT FOCUSED CARE AND ADVANCING MEDICAL KNOWLEDGE. IT SUPPORTS THERESEARCH AND EDUCATION MISSIONS OF THE MEDICAL SCHOOL.

Program Service Accomplishments

Program 1
Expenses: $848,210,015 Revenue: $900,714,783

UNIVERSITY OF MINNESOTA PHYSICIANS (UMP) SERVES AS THE INTEGRATED, MULTI-SPECIALTY GROUP PRACTICE FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL (MEDICAL SCHOOL) FACULTY. IT OPERATES AS AN INTEGRAL...

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UNIVERSITY OF MINNESOTA PHYSICIANS (UMP) SERVES AS THE INTEGRATED, MULTI-SPECIALTY GROUP PRACTICE FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL (MEDICAL SCHOOL) FACULTY. IT OPERATES AS AN INTEGRAL PART OF THE MEDICAL SCHOOL, A COMPONENT OF THE UNIVERSITY OF MINNESOTA (UNIVERSITY), WHICH IS A TAX-EXEMPT LAND GRANT PUBLIC UNIVERSITY.(CONTINUED ON SCHEDULE O)AS THE DESIGNATED PRACTICE GROUP FOR THE MEDICAL SCHOOL'S FACULTY, UMP WAS ESTABLISHED TO SUPPORT THE MEDICAL SCHOOL'S TRIPARTITE MISSION: CLINICAL CARE, TEACHING, AND RESEARCH. IT IS THE ORGANIZATION THROUGH WHICH THE FACULTY PHYSICIANS PROVIDE CLINICAL CARE TO PATIENTS AND CLINICAL TRAINING TO THE NEXT GENERATION OF PHYSICIANS. THE FUNDS DERIVED FROM UMP'S ACTIVITIES ARE USED TO FINANCIALLY SUPPORT THE MEDICAL SCHOOL'S TEACHING, RESEARCH, ACADEMIC ADMINISTRATION, AND COMMUNITY SERVICE ACTIVITIES.CLINICAL CARE:UMP SERVES THE MEDICAL SCHOOL'S CLINICAL CARE MISSION AND THE UNIVERSITY'S LAND GRANT MISSION BY PROVIDING HIGH-QUALITY, INNOVATIVE AND CUTTING-EDGE CLINICAL CARE TO PATIENTS ACROSS THE STATE OF MINNESOTA AND BEYOND. IT BRINGS ACADEMIC MEDICINE AND EVIDENCE-BASED CARE TO PATIENTS AT OVER 80 CLINICAL CARE SITES IN MINNESOTA. UMP OWNS AND OPERATES A NUMBER OF PRIMARY CARE AND SPECIALTY CLINICS, INCLUDING A NUMBER OF WHOLLY-OWNED CLINICS, AS WELL AS A CO-OWNED AMBULATORY CARE CENTER, THE UNIVERSITY OF MINNESOTA HEALTH CLINICS AND SURGERY CENTER, WHICH HOUSES A BROAD RANGE OF SPECIALTY CLINICS. UMP ALSO PROVIDES PATIENT CARE AT THE HOSPITAL AND AMBULATORY CARE SITES OF ITS CLINICAL PARTNERS, WHICH INCLUDE OVER A DOZEN NONPROFIT HEALTH CARE SYSTEMS WITH FACILITIES LOCATED IN THE METROPOLITAN REGION AS WELL AS THE GREATER MINNESOTA REGION.UNDER AN ACADEMIC AFFILIATION RELATIONSHIP WITH ITS PRIMARY CLINICAL PARTNER, UMP PROVIDES THE PRIMARY PHYSICIAN STAFFING FOR THE UNIVERSITY OF MINNESOTA MEDICAL CENTER, MINNESOTA'S FLAGSHIP TEACHING FACILITY AND THE REGION'S ONLY UNIVERSITY-LEVEL ACADEMIC MEDICAL CENTER. IN ADDITION TO STAFFING THE ACADEMIC MEDICAL CENTER, UMP ALSO PROVIDES MEDICAL LEADERSHIP FOR THE CENTER, WHICH INCLUDES TWO ACUTE CARE HOSPITALS (ADULT AND PEDIATRIC - THE UNIVERSITY OF MINNESOTA MASONIC CHILDREN'S HOSPITAL, HOME OF SOME OF THE WORLD'S TOP PEDIATRIC CANCER PROGRAMS) AND DOZENS OF OUTPATIENT SPECIALTY CLINICS.UMP EMPLOYS MORE THAN 1,200 PHYSICIANS AND 2,400 OTHER CLINICIANS AND STAFF WHO ARE COMMITTED TO PROVIDING HIGH-QUALITY, PATIENT-FOCUSED CARE TO THE COMMUNITIES IT SERVES. UMP'S HIGHLY SKILLED AND HIGHLY TRAINED PHYSICIANS PROVIDE CARE IN OVER 90 SPECIALTIES AND SUB-SPECIALTIES, DIAGNOSING AND TREATING ALL PATIENT POPULATIONS AND MANAGING SOME OF THE MOST COMPLEX AND RARE CONDITIONS. UMP SERVES OVER ONE MILLION PATIENTS ANNUALLY. IT HAS A CHARITY CARE PROGRAM FOR THE UNINSURED AND UNDERINSURED AND SERVES MANY UNDERSERVED POPULATIONS. FOR EXAMPLE: ITS BROADWAY FAMILY MEDICINE CLINIC, HAS LONG PROVIDED PRIMARY CARE TO AN UNDERSERVED URBAN COMMUNITY WITH LIMITED ACCESS TO HEALTH CARE; ITS STUDENT-RUN PHILLIPS NEIGHBORHOOD CLINIC IS A FREE CLINIC THAT SERVICES AN UNINSURED POPULATION. TEACHING:UMP SERVES THE MEDICAL SCHOOL'S TEACHING MISSION BY PROVIDING CLINICAL TRAINING TO THE MEDICAL STUDENTS, RESIDENTS, AND FELLOWS IN THE MEDICAL SCHOOL'S GRADUATE MEDICAL EDUCATION PROGRAMS. UMP'S FACULTY PHYSICIANS PROVIDE THIS VITAL TRAINING AS PART OF THE CLINICAL CARE THEY PROVIDE TO PATIENTS. THEY PROVIDE THE PHYSICIANS-IN-TRAINING WITH REAL LIFE, HANDS-ON PATIENT EXPERIENCE IN THE CLINICAL SETTING, INSTRUCTING THEM ON ALL ASPECTS OF PATIENT CARE AND SUPERVISING THEIR PATIENT CARE ACTIVITIES. THIS CLINICAL TRAINING COVERS OVER 140 MEDICAL RESIDENCY AND FELLOWSHIP PROGRAMS FOR 19 GENERAL SPECIALTIES AND OVER 100 SUBSPECIALTIES. UMP'S FACULTY PHYSICIANS TRAIN OVER 70% OF MINNESOTA'S PHYSICIANS.RESEARCH:UMP SERVICES THE MEDICAL SCHOOL'S RESEARCH MISSION BY SUPPORTING ITS FACULTY PHYSICIANS' CLINICAL RESEARCH EFFORTS. UMP'S FACULTY PHYSICIANS ARE PHYSICIAN SCIENTISTS WHO ARE DRIVEN TO ADVANCE MEDICAL KNOWLEDGE THROUGH SCHOLARSHIP AND TRANSLATIONAL RESEARCH. THROUGH THE CLINICAL TRIALS THEY LEAD, THEY BRING NEW CURES AND TREATMENTS TO THE PATIENTS THEY CARE FOR IN THEIR CLINICAL PRACTICES.AS A NATIONAL RESEARCH POWERHOUSE, THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL HAS LONG BEEN RECOGNIZED FOR PIONEERING NEW TECHNIQUES AND THERAPIES IN MEDICINE. THE WORLD'S FIRST SUCCESSFUL OPEN HEART SURGERY, HEART TRANSPLANT, AND BONE MARROW TRANSPLANT WERE PERFORMED AT THE UNIVERSITY OF MINNESOTA MEDICAL CENTER. THE MEDICAL SCHOOL ALSO DEVELOPED THE FIRST HEART-LUNG MACHINE, THE FIRST WEARABLE, BATTERY-OPERATED PACEMAKER, AND MORE RECENTLY, THE FIRST-OF-ITS-KIND MOBILE RESUSCITATION VEHICLE TO BRING LIFE-SAVING, EMERGENCY ROOM-LEVEL CARE TO FIRST RESPONDERS FOR CARDIAC ARREST PATIENTS.THE MEDICAL SCHOOL REMAINS AT THE FOREFRONT OF THE LATEST CLINICAL TRIALS AND OTHER RESEARCH. KEY RESEARCH AREAS INCLUDE: STEM CELL RESEARCH AND REGENERATIVE MEDICINE; SOLID ORGAN AND BLOOD AND MARROW TRANSPLANTATION, DIABETES, IMMUNOLOGY AND INFECTIOUS DISEASE, CANCER, NEUROSCIENCE, LUNG DISEASE, AND CARDIOVASCULAR DISEASE. UMP'S FACULTY PHYSICIANS ARE PRINCIPAL INVESTIGATORS IN HUNDREDS OF ONGOING CLINICAL TRIALS IN THESE AREAS. THEIR RESEARCH ALLOWS UMP TO CONSTANTLY IMPROVE PATIENT CARE, OUTCOMES, AND QUALITY OF LIFE. THE FUNDING UMP PROVIDES TO THE MEDICAL SCHOOL SUPPORTS THESE RESEARCH EFFORTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $897,039,783
Investment Income $2,333,631
Other Revenue $3,675,000
TOTAL REVENUE $903,048,414

Expense Breakdown

Grants Paid $9,138,381
Salaries & Benefits $823,558,183
Fundraising Expenses $0
Program Expenses $848,210,015
Other Expenses $76,438,815
TOTAL EXPENSES $909,135,379

Year-over-Year Comparison

2023 2022 Change
Revenue $903,048,414 $902,949,353 +0.0%
Expenses $909,135,379 $873,243,046 +0.0%
Net Income $-6,086,965 $29,706,307 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
5
Employees
5846
Volunteers
6

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
3
$2,169,109
Total Directors
20
$9,186,842
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENIS CLOHISY PHYSICIAN & BOARD VICE CHAIR 20.00
Director
$478,309 $120,643 $1,330,126
JAKUB TOLAR PHYSICIAN & BOARD CHAIR 20.00
Director
$37,058 $69,782 $1,014,478
SAYEED IKRAMUDDIN DIRECTOR AND EMPLOYED PHYSICIAN 20.00
Director
$559,365 $97,500 $1,002,451
BEVAN YUEH CEO 20.00
Officer Director
$553,591 $108,236 $935,068
ELIZABETH SEAQUIST DIRECTOR AND EMPLOYED PHYSICIAN 20.00
Director
$126,450 $90,084 $978,216
JOSEPH NEGLIA DIRECTOR AND EMPLOYED PHYSICIAN 20.00
Director
$256,235 $90,963 $652,634
JOEL BOYD DIRECTOR AND EMPLOYED PHYSICIAN 20.00
Director
$659,038 $68,465 $727,503
JESSICA KUEHN-HAJDER DIRECTOR AND EMPLOYED PHYSICIAN 20.00
Director
$458,031 $74,908 $604,839
RAHEL GHEBRE PHYSICIAN & BOARD SECRETARY 20.00
Director
$306,868 $81,578 $538,569
CATHERINE BENDEL DIRECTOR AND EMPLOYED PHYSICIAN 20.00
Director
$221,650 $61,074 $349,796
KATHRYN KACEY JUSTESEN DIRECTOR AND EMPLOYED PHYSICIAN 20.00
Director
$103,339 $52,306 $322,922
NAOMI FUJIOKA DIRECTOR AND EMPLOYED PHYSICIAN 20.00
Director
$195,161 $39,956 $343,406
AMY REED TERMED 723 DIRECTOR AND EMPLOYED PHYSICIAN 20.00
Director
$305,665 $48,896 $386,834
DEE THIBODEAU COMMUNITY BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES HEREFORD NONVOTING BOARD MEMBER 1.00
Director
$0 $0 $0
JON CHRISTIANSON COMMUNITY BOARD MEMBER 1.00
Director
$0 $0 $0
JULIA JOSEPH-DI CAPRIO COMMUNITY BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN PICKARD COMMUNITY BOARD MEMBER & BOARD TREASURER 1.00
Director
$0 $0 $0
RICHARD MIGLIORI COMMUNITY BOARD MEMBER 1.00
Director
$0 $0 $0
TOM OLSON COMMUNITY BOARD MEMBER 1.00
Director
$0 $0 $0
NICK NYHUS CHIEF ADMINISTRATIVE OFFICER 40.00
Officer
$420,889 $63,404 $484,293
WILLIAM SIBERT CFO 20.00
Officer
$0 $55,332 $749,748
CHRISTOPHER MARTIN EMPLOYED PHYSICIAN 20.00
Highest
$1,882,911 $64,390 $1,996,090
ROSEMARY KELLY EMPLOYED PHYSICIAN 20.00
Highest
$1,453,114 $80,917 $1,627,412
MATTHEW HUNT EMPLOYED PHYSICIAN 20.00
Highest
$1,008,993 $69,574 $1,078,567
PRANAVA SINHA EMPLOYED PHYSICIAN 20.00
Highest
$1,357,872 $33,098 $1,439,759
TUSHAR VORA EMPLOYED PHYSICIAN 20.00
Highest
$926,221 $70,964 $997,185
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
2025 No data No data No data No data
2024 $903,048,414 $909,135,379 $286,805,724 $-6,086,965
2023 $902,949,353 $873,243,046 $309,059,998 $29,706,307
2022 $804,479,557 $801,477,284 $268,522,073 $3,002,273
2021 $719,799,425 $704,665,769 $265,968,943 $15,133,656
2020 $702,714,868 $675,036,594 $262,112,916 $27,678,274
2019 $644,353,161 $627,493,287 $231,825,478 $16,859,874
2018 $591,056,584 $593,201,146 $211,134,369 $-2,144,562
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