MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RHSC INC, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $20.3M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $19.2M left a modest 6% surplus.
RHSC, INC. SUPPORTS TEACHING, RESEARCH ACTIVITIES AND CARE DELIVERY BY PROVIDING ITS EMPLOYEES TO PERFORM SERVICES ON BEHALF OF ITS SUPPORTED ORGANIZATIONS.
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE RHSC, INC. (RHSC) IS A MINNESOTA NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND...
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE RHSC, INC. (RHSC) 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." 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 CONTINUING IN 2023 ARE TOTAL COST OF CARE MEASUREMENTS (A NATIONALLY RECOGNIZED METRIC, ENDORSED BY THE NATIONAL QUALITY FORUM, 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 THE SOLE CORPORATE MEMBER OF RHSC. HPI IS A MINNESOTA NON-PROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(4). RHSC IS RECOGNIZED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3). RHSC PERFORMS CERTAIN FUNCTIONS ON BEHALF OF ITS SUPPORTED ORGANIZATIONS, WHICH ARE DEFINED, BY CLASS, AS ORGANIZATIONS AFFILIATED WITH HEALTHPARTNERS AND DESCRIBED IN 501(C)(3) AND 509(A)(1) OR 509(A)(2). INFORMATION ABOUT THE COMMUNITY BENEFIT ACTIVITIES AND ACCOMPLISHMENTS OF RHSC'S SUPPORTED ORGANIZATIONS ARE INCLUDED IN THE FORM 990 ANNUAL FILINGS OF THE HEALTHPARTNERS ENTITIES THAT ARE WITHIN THE IDENTIFIED CLASS. RHSC SUPPORTS TEACHING, RESEARCH ACTIVITIES AND CARE DELIVERY BY EMPLOYING PERSONS TO PERFORM SERVICES ON BEHALF OF ITS SUPPORTED ORGANIZATIONS. RHSC'S EMPLOYEES INCLUDE MENTAL HEALTH PROFESSIONALS, RESEARCHERS, TECHNICIANS, SUPPORT WORKERS AND SECRETARIES, AND SOME ADVANCED PRACTICE SERVICE PROVIDERS SUCH AS PHYSICIAN ASSISTANTS. RHSC'S PROVISION OF NON-PHYSICIAN PROVIDERS AND SUPPORT OF RELATED ORGANIZATIONS ARE ESSENTIAL TO ACHIEVE ITS TAX-EXEMPT PURPOSES. BENEFIT TO THE COMMUNITY AFTON PLACE, AND HOVANDER HOUSE ARE TWO BEHAVIORAL HEALTH PROGRAMS OPERATED BY RHSC. HOVANDER HOUSE: HOVANDER HOUSE IS A SHORT-TERM CRISIS STABILIZATION RESIDENTIAL FACILITY DESIGNED TO HELP INDIVIDUALS RECOVERING FROM MODERATE TO SEVERE MENTAL ILLNESS. HOVANDER HOUSE IS STAFFED BY MENTAL HEALTH PROFESSIONALS AND PRACTITIONERS AND CAN ACCOMMODATE UP TO NINE ADULTS AT ONE TIME. IN 2023, HOVANDER HOUSE SERVED 249 ADULTS WITH AN AVERAGE LENGTH OF STAY OF 8 DAYS. APPROXIMATELY 5 PERCENT OF PATIENTS REFERRED TO HOVANDER HOUSE DID NOT HAVE INSURANCE. IN ADDITION TO HELPING PATIENTS TRANSITION INTO THE COMMUNITY, HOVANDER HOUSE HAS SAVED AN ESTIMATED 20 INPATIENT HOSPITAL DAYS IN 2023. AFTON PLACE: AFTON PLACE BEGAN SERVING PATIENTS IN APRIL OF 2019. THIS STATE-OF-THE-ART 16-BED FACILITY HAS SINGLE ROOMS, EACH WITH ITS OWN BATHROOM. THE FACILITY FEATURES TWO SPACIOUS GROUP ROOMS, A SENSORY INTEGRATION ROOM, AND A LARGE OPEN DINING AREA WITH ITS OWN COMMERCIAL KITCHEN. AFTON PLACE ADMITTED AND SERVED 91 INDIVIDUALS IN 2023. OF THOSE ADMITTED TO AFTON PLACE, 69% CAME FROM A STAY IN A REGIONS HOSPITAL INPATIENT BEHAVIORAL HEALTH UNIT. HEALTHPARTNERS IS COMMITTED TO ADDRESSING THE BARRIERS THAT MENTAL HEALTH PATIENTS HAVE IN OBTAINING THE BEST HEALTH CARE AT THE RIGHT TIME AND IN THE RIGHT PLACE. GAPS IN ADEQUATE HEALTH CARE AND MEDICATION COVERAGE ARE ASSOCIATED WITH INCREASED RISK OF PSYCHIATRIC HOSPITALIZATIONS, WHICH CAN COST THE COMMUNITY AN AVERAGE OF $12,000-$15,000 PER HOSPITALIZATION. RHSC PROVIDES PATIENTS EXPERIENCING MENTAL ILLNESS WITH APPROPRIATE CARE AND SUPPORT FROM MENTAL HEALTH PROFESSIONALS.
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 | $20,304,012 | $33,132,168 | -0.4% |
| Expenses | $19,176,084 | $31,807,539 | -0.4% |
| Net Income | $1,127,928 | $1,324,629 | -0.1% |
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 |
|---|---|---|---|---|---|---|
| DEBRA A RUDQUIST | DIRECTOR | 0.50 |
Director
|
$0 | $64,811 | $474,745 |
| MEGAN M REMARK | DIRECTOR, PRESIDENT, CHAIR | 0.50 |
Officer
Director
|
$0 | $314,288 | $1,279,497 |
| PAMELA S ZOELLER | DIRECTOR | 0.50 |
Director
|
$0 | $68,951 | $550,314 |
| ALITA RISINGER | TREASURER | 0.50 |
Officer
|
$0 | $112,052 | $686,286 |
| NANCY L EVERT | SECRETARY | 0.50 |
Officer
|
$0 | $238,674 | $1,049,946 |
| LEAH R HANSON | NEUROSCIENCE RESEARCH DIR | 50.00 |
Highest
|
$254,849 | $84,703 | $339,552 |
| MICHELLE T NOLTIMIER | DIR OF DEV & STUDENT CLINICAL ED | 40.00 |
Highest
|
$219,992 | $53,351 | $273,343 |
| JANET M HOLFOTH | PHYSICIAN ASSISTANT | 57.00 |
Highest
|
$219,403 | $192,989 | $412,392 |
| KELLIE J SCHRANK | PHYSICIAN ASSISTANT | 45.00 |
Highest
|
$219,208 | $53,580 | $272,788 |
| JOSEPH M UZPEN | PHYSICIAN ASSISTANT | 45.00 |
Highest
|
$217,432 | $52,923 | $270,355 |
| HEIDI G CONRAD | FORMER TREASURER | 0.00 |
|
$0 | $46,240 | $226,148 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $20,304,012 | $19,176,084 | $8,609,218 | $1,127,928 |
| 2022 | $33,132,168 | $31,807,539 | $6,992,838 | $1,324,629 |
| 2021 | $27,287,465 | $27,417,505 | $4,939,885 | $-130,040 |
| 2020 | $26,845,704 | $26,045,800 | $5,422,580 | $799,904 |
| 2019 | $25,275,057 | $25,074,956 | $4,305,734 | $200,101 |
| 2018 | $23,814,542 | $24,037,566 | $3,468,319 | $-223,024 |
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