MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)REGIONS HOSPITAL FOUNDATION, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $10.8M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $2.0M, a strong 19% operating margin.
THE MISSION OF REGIONS HOSPITAL FOUNDATION (THE FOUNDATION) IS TO ADVOCATE AND DEVELOP AWARENESS, BUILD COMMUNITY PARTNERSHIPS, AND RAISE CHARITABLE CONTRIBUTIONS FOR PATIENT CARE, RESEARCH AND HEALTH PROFESSIONAL EDUCATION.
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE REGIONS HOSPITAL FOUNDATION (THE FOUNDATION) IS A MINNESOTA NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE...
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE REGIONS HOSPITAL 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 FAMILY OF HEALTHPARTNERS ORGANIZATIONS "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 HPI-RAMSEY, A MINNESOTA NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). IN TURN, HPI-RAMSEY IS THE SOLE CORPORATE MEMBER OF THE FOUNDATION AND ITS SISTER ORGANIZATIONS, REGIONS HOSPITAL (REGIONS), CAPITOL VIEW TRANSITIONAL CARE CENTER, LAKEVIEW HEALTH (LH), AND RH-WISCONSIN, INC., ALL OF WHICH ARE NON-PROFIT CORPORATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). BENEFIT TO THE COMMUNITY: PROGRAM SUPPORT: IN 2023, THE FOUNDATION RECEIVED CONTRIBUTIONS TO 65 DIFFERENT FUNDS THAT SUPPORT PROGRAMS AT REGIONS AND OTHER HEALTH RELATED ORGANIZATIONS WITHIN HEALTHPARTNERS. THE FOUNDATION ALSO PROVIDED PATIENT CARE GRANT SUPPORT TO 21 PROGRAMS THROUGH THE ONE CAMPAIGN, THE ANNUAL EMPLOYEE GIVING PROGRAM OF REGIONS AND HEALTHPARTNERS. THESE GRANTS FUNDED PROJECTS AT REGIONS, HEALTHPARTNERS MEDICAL GROUP (HPMG), AND OTHER HEALTH RELATED ORGANIZATIONS WITHIN HEALTHPARTNERS IN A WAY CONSISTENT WITH THE FOUNDATION'S MISSION. CONTRIBUTIONS RECEIVED IN 2023 ARE FUNDING PATIENT CARE, MEDICAL RESEARCH, THE EDUCATION OF HEALTH PROFESSIONALS, COMMUNITY HEALTH PROGRAMS, AND EQUIPMENT AND FACILITY EXPENSES. THIS INCLUDES MAJOR FUNDRAISING EFFORTS ON BEHALF OF CANCER, EMERGENCY AND TRAUMA, NEUROSCIENCE, MENTAL HEALTH AND THE HEALTHPARTNERS INSTITUTE CLINICAL SIMULATION CENTER. PROGRAM HIGHLIGHTS ARE LISTED BELOW. FUNDRAISING TOTALS LISTED INCLUDE NEW GIFTS, PLEDGES, AND ESTATE COMMITMENTS AND DO NOT INCLUDE PAYMENTS MADE ON PREVIOUS PLEDGES. CANCER WITH THE HELP OF CONTRIBUTIONS TO THE FOUNDATION, THE HEALTHPARTNERS CANCER CENTER AT REGIONS HOSPITAL (THE CANCER CENTER) PROVIDES A COMPREHENSIVE RANGE OF SERVICES TO PREVENT, DIAGNOSE AND TREAT CANCER AND BLOOD DISORDERS. THE CANCER CENTER ALSO HELPS PATIENTS AND THEIR FAMILIES NAVIGATE CANCER, FROM BEFORE A DIAGNOSIS IS MADE TO AFTER TREATMENT HAS BEEN SUCCESSFULLY COMPLETED. THE CANCER CENTER'S STAFF MEMBERS DO EVERYTHING THEY CAN TO COMFORT PATIENTS AND VISITORS AND MAKE THEIR CARE CONVENIENT. THE FINANCIAL REIMBURSEMENT FOR SUCH HOLISTIC CARE ONLY GOES SO FAR. REGIONS HOSPITAL IS THE EAST METRO'S SAFETY-NET HOSPITAL, SO THE CANCER CENTER ALSO SEES A HIGHER PERCENTAGE OF UNINSURED PATIENTS AND PATIENTS INSURED VIA GOVERNMENT ASSISTANCE PROGRAMS THAN OTHER LOCAL PROVIDERS, AND THIS LEADS TO HIGHER LEVELS OF CHARITY CARE. THIS MAKES THE CANCER CENTER HIGHLY DEPENDENT ON CHARITABLE CONTRIBUTIONS TO FUND SPECIAL PROGRAMMING SUCH AS MEDICAL RESEARCH, A DIETICIAN, NURSE NAVIGATION, BASIC NEEDS ASSISTANCE, INTEGRATIVE THERAPIES, PATIENT EDUCATION, CONTINUING EDUCATION OPPORTUNITIES FOR STAFF, SUPPORT GROUPS AND MORE. IN 2023, THE FOUNDATION RAISED $3,413,017 TO SUPPORT THE CANCER CENTER. THE FOLLOWING ARE HIGHLIGHTS OF THESE FUNDRAISING EFFORTS.
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 | $10,790,318 | $11,382,226 | -0.1% |
| Expenses | $8,784,949 | $6,818,936 | +0.3% |
| Net Income | $2,005,369 | $4,563,290 | -0.6% |
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 |
|---|---|---|---|---|---|---|
| ROBERT BEFIDI | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| WILLIAM H FREY PHD | DIRECTOR | 0.50 |
Director
|
$0 | $82,775 | $237,743 |
| DUCHESS HARRIS JD PHD | DIRECTOR | 0.21 |
Director
|
$0 | $0 | $0 |
| KATIE KELLEY | DIRECTOR | 0.21 |
Director
|
$0 | $0 | $0 |
| MATT LAYMAN MD | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| CATHERINE DRAPER | DIRECTOR & SECRETARY | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| LINDA HANSON EDD | DIRECTOR & CHAIR | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| LINDA HOESCHLER | DIRECTOR | 0.21 |
Director
|
$0 | $0 | $0 |
| LOUIS HENRY | DIRECTOR | 0.21 |
Director
|
$0 | $0 | $0 |
| DAN NELSON MD | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| CARLEEN RHODES | DIRECTOR & VICE CHAIR | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| SALLY SCOGGIN | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| DAN STOLTZ | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| TESHITE WAKO | DIRECTOR & TREASURER | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE WELLINGTON | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| BRET C HAAKE MD | DIRECTOR | 0.50 |
Director
|
$0 | $113,054 | $843,622 |
| BALKRISHNA N JAHAGIRDAR MBBS | DIRECTOR | 0.50 |
Director
|
$0 | $107,656 | $702,440 |
| FRANK FLORES | DIRECTOR | 0.21 |
Director
|
$0 | $0 | $0 |
| PAHOUA Y HOFFMAN | DIRECTOR | 0.50 |
Director
|
$0 | $105,197 | $533,054 |
| MEGAN M REMARK | PRESIDENT & DIRECTOR | 0.50 |
Officer
|
$0 | $314,288 | $1,279,497 |
| ALITA R RISINGER | CFO | 0.50 |
Officer
|
$0 | $112,052 | $686,286 |
| ANTHONY C GRUNDHAUSER | VICE PRESIDENT | 44.50 |
Officer
|
$0 | $62,962 | $416,320 |
| HEIDI G CONRAD | FORMER CFO | 0.00 |
|
$0 | $46,240 | $226,148 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $10,790,318 | $8,784,949 | $46,191,474 | $2,005,369 |
| 2022 | $11,382,226 | $6,818,936 | $36,580,603 | $4,563,290 |
| 2021 | $23,350,215 | $13,281,032 | $38,267,048 | $10,069,183 |
| 2020 | $5,803,636 | $8,642,144 | $31,032,783 | $-2,838,508 |
| 2019 | $8,115,110 | $10,096,956 | $28,505,056 | $-1,981,846 |
| 2018 | $8,693,845 | $8,470,935 | $26,301,367 | $222,910 |
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