HMO Minnesota (EIN 416173747) - 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

1974

Legal Domicile

Principal Officer

Paul Sand

Phone

6516629668

Tax Period

2024-01-01 to 2024-12-31

HMO Minnesota, founded in 1974, is a large national nonprofit that reported $3.1B in total revenue in fiscal year 2024.

Mission

To provide comprehensive health maintenance services for the people of Minnesota and to advance public health and the art and science of hospital, medical and health care services.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,069,318,188

Investment Income $62,555,997

Other Revenue $-8,046,438

TOTAL REVENUE $3,123,827,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,014,913

Fundraising Expenses $0

Program Expenses $3,074,666,413

Other Expenses $175,858,859

TOTAL EXPENSES $3,131,621,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,123,827,747	$3,285,084,122	0.0%
Expenses	$3,131,621,083	$3,169,965,960	0.0%
Net Income	$-7,793,336	$115,118,162	-1.1%

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

N/A

Volunteers

N/A

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

$9,073,486

Total Directors

$3,856,742

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Uribe	Treasurer	008.00	Officer	$0	$75,891	$1,628,403
Mark Steffen	Vice President	007.00	Officer Director	$0	$63,374	$1,254,243
Monica Engel	President CEO	016.00	Officer Director	$0	$88,821	$1,083,522
Amy Rewey	Director	040.00	Director	$0	$70,418	$815,865
Kelly Bengston	Vice President	007.00	Officer	$0	$72,115	$766,900
May Vang	Vice President	007.00	Officer	$0	$31,588	$734,485
Eric Hoag	Vice President	010.00	Officer Director	$0	$67,368	$670,112
Christine Reiten	Vice President	040.00	Officer	$0	$54,761	$638,086
Sara Hreha	Vice President	011.00	Officer	$0	$31,470	$528,212
Jeff Snegosky	Vice President	N/A	Officer	$0	$648	$526,561
Amy Campisi	Vice President	008.00	Officer	$0	$33,443	$519,500
Paul Sand	Secretary	006.00	Officer	$0	$24,849	$322,349
Marc Baer	Vice President	N/A	Officer	$0	$958	$268,520
Andrea Christopherson	Treasurer	N/A	Officer	$0	$107	$132,593
Lisa Asper	Director	001.00	Director	$11,000	$0	$11,000
Aaron Hurd	Director	001.00	Director	$11,000	$0	$11,000
Michael Jones	Director	001.00	Director	$5,500	$0	$5,500
Emily Piper	Director	001.00	Director	$5,500	$0	$5,500

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
2024	$3,123,827,747	$3,131,621,083	$1,432,430,455	$-7,793,336
2023	$3,285,084,122	$3,169,965,960	$1,593,718,794	$115,118,162
2022	$3,006,142,678	$2,835,052,905	$1,448,086,232	$171,089,773
2021	$3,017,513,062	$2,905,896,289	$1,323,127,272	$111,616,773
2020	$2,553,100,078	$2,519,879,146	$1,339,028,107	$33,220,932
2019	$2,343,368,054	$2,335,544,134	$1,137,767,342	$7,823,920
2018	$2,468,965,890	$2,327,821,185	$1,103,210,172	$141,144,705

HMO Minnesota