MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CAPITOL VIEW TRANSITIONAL CARE CENTER, founded in 2001, is a community nonprofit in the Health Care sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $7.7M exceeded revenue, resulting in a 16% operating deficit.
CAPITOL VIEW TRANSITIONAL CARE CENTER'S MISSION IS TO RESTORE THE HEALTH AND FUNCTION OF EACH PATIENT WITH COMPASSIONATE, QUALITY, COST-EFFECTIVE CARE DURING THEIR TRANSITION FROM A HOSPITAL SETTING TO THEIR COMMUNITY OF ORIGIN.
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE: CAPITOL VIEW TRANSITIONAL CARE CENTER (CVTCC) IS A MINNESOTA NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE...
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE: CAPITOL VIEW TRANSITIONAL CARE CENTER (CVTCC) 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." 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 CVTCC AND ITS SISTER ORGANIZATIONS, REGIONS HOSPITAL (REGIONS), REGIONS HOSPITAL FOUNDATION, RH-WISCONSIN, INC., AND LAKEVIEW HEALTH, ALL OF WHICH ARE NON-PROFIT CORPORATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). COMMUNITY BENEFIT: CVTCC IS LICENSED UNDER MINNESOTA STATUTES AS A NURSING HOME WITH A CAPACITY OF 32 BEDS. CVTCC PARTICIPATES IN THE TRADITIONAL MEDICARE PROGRAM AND THE MEDICARE PART C MANAGED CARE PROGRAM AND IS CERTIFIED AS A MEDICARE SKILLED NURSING FACILITY. CVTCC'S FEES ARE ESTABLISHED TO COVER ITS COSTS IN PROVIDING CARE AND TO ENSURE ITS CONTINUED ABILITY TO PURSUE ITS MISSION. CVTCC IS ORGANIZED AND OPERATED EXCLUSIVELY TO PERFORM THE FUNCTIONS OF A SKILLED NURSING FACILITY TO PROVIDE TRANSITIONAL HEALTH CARE TO PATIENTS, INCLUDING CRITICAL CARE, SKILLED NURSING AND REHABILITATION THERAPY. TRANSITIONAL CARE SERVICES ARE TYPICALLY SHORT-TERM SKILLED NURSING SERVICES PROVIDED ON AN INPATIENT BASIS, OFTEN FOLLOWING DISCHARGE FROM A HOSPITAL AND PRIOR TO THE PATIENT'S RETURN HOME. THE AVERAGE LENGTH OF STAY FOR PATIENTS AT CVTCC'S FACILITY IS FEWER THAN 14 DAYS. TRANSITIONAL CARE SERVICES FILL A CRITICALLY IMPORTANT GAP IN THE HEALTH CARE CONTINUUM AND REDUCE THE COST ASSOCIATED WITH EXTENDED STAYS IN MORE EXPENSIVE INPATIENT FACILITIES. CVTCC HAS PROVIDED SUB-ACUTE TRANSITIONAL CARE OUTSIDE OF A TRADITIONAL HOSPITAL SETTING TO PATIENTS FOR OVER 22 YEARS AS PART OF HEALTHPARTNERS. NURSES AND THERAPISTS ARE LOCATED ON SITE TO PROVIDE PHYSICAL AND OCCUPATIONAL THERAPY SEVEN DAYS A WEEK. SPEECH THERAPY IS PROVIDED FIVE DAYS A WEEK. CVTCC ACCEPTS ADMISSIONS 24 HOURS A DAY, SEVEN DAYS A WEEK. TREATMENT IS PROVIDED IMMEDIATELY AFTER AN ACUTE HOSPITAL STAY, OR IN PLACE OF AN ACUTE HOSPITAL STAY. DISCHARGE PLANNING IS CONSIDERED A KEY COMPONENT TO THE CARE PLANNING PROCESS. CVTCC ALSO AIMS TO PROVIDE MEDICAL CAPABILITIES THAT COMPLEMENT PATIENTS' NEEDS, INCLUDING OBESE PATIENTS WHO REQUIRE SPECIAL ASSISTANCE AND PATIENTS WHO RELY ON EXPENSIVE THERAPEUTIC MEDICATIONS. CVTCC RECEIVES A SIGNIFICANT NUMBER OF PATIENTS FROM REGIONS HOSPITAL. REGIONS IS A FULL-SERVICE, TAX-EXEMPT HOSPITAL PROVIDING MEDICAL AND SURGICAL CARE, WITH SPECIAL PROGRAMS IN HEART, WOMEN'S CARE, CANCER, SENIOR SERVICES, BURN, EMERGENCY CARE AND LEVEL I ADULT AND PEDIATRIC TRAUMA SERVICES. FOR REGIONS' 2022 COMMUNITY BENEFIT ACTIVITY, PLEASE SEE THE REGIONS FORM 990. DISCHARGING PATIENTS TO A TRANSITIONAL CARE CENTER SUCH AS CVTCC WHEN IT IS MEDICALLY APPROPRIATE REDUCES THE OVERALL COST OF CARE, WHICH IS BORNE BY GOVERNMENT, COMMERCIAL INSURERS AND PATIENTS. REGIONS ALSO DISCHARGES UNINSURED PATIENTS TO CVTCC WHO NO LONGER REQUIRE HOSPITAL CARE AND ARE UNABLE TO PAY CVTCC FOR THEIR CARE. REGIONS PROVIDES FINANCIAL SUPPORT TO CVTCC TO HELP WITH THE PROVISION OF CARE TO THESE PATIENTS. IN ADDITION TO THIS FINANCIAL SUPPORT, REGIONS SIGNIFICANTLY REDUCES THE COST OF CARING FOR THESE PATIENTS IN THE INPATIENT SETTING DUE TO THE LOWER COST OF CARE IN THE NON-HOSPITAL SETTING. FURTHER, DISCHARGING PATIENTS WHO NO LONGER REQUIRE HOSPITAL CARE ENABLES REGIONS TO RELEASE BEDS FOR USE BY PATIENTS WHO REQUIRE HIGHER ACUITY HOSPITAL CARE. COMMUNITY HEALTH SERVICES: IN ADDITION TO SERVING PATIENTS IN THE COMMUNITY, CVTCC CONTINUED TO PROVIDE COMMUNITY SERVICE OUTREACH IN 2023. CVTCC STAFF MEMBERS SERVE ON COMMUNITY BOARDS AND COMMITTEES FOR VARIOUS PROFESSIONAL ORGANIZATIONS, INCLUDING: RONALD MCDONALD HOUSE, FEED MY STARVING CHILDREN, LOCAL FOOD SHELVES (NEIGHBORS INC. FOOD SHELVES),INTERNSHIPS FOR THE FOLLOWING COLLEGES: UNIVERSITY OF MINNESOTA, THE UNIVERSITY OF ST. KATES AND THE UNIVERSITY OF ST SCHOLASTICA, AS WELL AS THE PHYSICAL THERAPY ASSOCIATION, FACULTY SEARCH COMMITTEE AT THE UNIVERSITY OF MINNESOTA, AND AGING SERVICES OF MINNESOTA.
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 | $6,662,483 | $5,345,662 | +0.2% |
| Expenses | $7,740,803 | $6,411,606 | +0.2% |
| Net Income | $-1,078,320 | $-1,065,944 | +0.0% |
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 |
|---|---|---|---|---|---|---|
| NANCY A MCCLURE | DIRECTOR | 0.50 |
Director
|
$0 | $394,374 | $1,706,689 |
| THOMAS L VON STERNBERG MD | DIRECTOR | 0.50 |
Director
|
$0 | $81,638 | $251,723 |
| JENNIFER L MYSTER | DIRECTOR | 0.50 |
Director
|
$0 | $140,179 | $798,093 |
| KIMBERLY T EGAN | DIRECTOR | 0.50 |
Director
|
$0 | $66,856 | $478,588 |
| MEGAN M REMARK | PRESIDENT | 0.50 |
Officer
|
$0 | $314,288 | $1,279,497 |
| NANCY L EVERT | SECRETARY | 0.50 |
Officer
|
$0 | $238,674 | $1,049,946 |
| MICHELLE L MANGAN | ADMINISTRATOR | 45.00 |
Highest
|
$225,244 | $49,632 | $274,876 |
| HENRY L LOZANO | REHABILITATION COORDINATOR | 45.00 |
Highest
|
$131,617 | $51,046 | $182,663 |
| TERESA A DURANT | DIRECTOR OF NURSING | 45.00 |
Highest
|
$128,936 | $16,459 | $145,395 |
| JULIE M HYLAND | DIRECTOR FINANCIAL SERVICES | 40.00 |
Highest
|
$104,745 | $17,854 | $122,599 |
| JULIE S MASSAQUOI | REGISTERED NURSE | 40.00 |
Highest
|
$100,207 | $7,666 | $107,873 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,662,483 | $7,740,803 | $1,488,532 | $-1,078,320 |
| 2022 | $5,345,662 | $6,411,606 | $1,650,897 | $-1,065,944 |
| 2021 | $6,296,959 | $6,648,301 | $3,045,113 | $-351,342 |
| 2020 | $6,820,586 | $6,792,982 | $3,952,001 | $27,604 |
| 2019 | $6,401,559 | $6,927,517 | $2,894,730 | $-525,958 |
| 2018 | $6,821,593 | $6,820,905 | $3,553,499 | $688 |
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