UNIVERSITY OF MINNESOTA PHYSICIANS (EIN 411843943) - 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

1996

Legal Domicile

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

TO PROVIDE THE HIGHEST QUALITY HEALTHCARE TO PATIENTS AND THEIR FAMILIES.

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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 $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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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

5846

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

$2,169,109

Total Directors

$9,186,842

Key Employees

Highest Compensated

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

UNIVERSITY OF MINNESOTA PHYSICIANS