HENNEPIN HEALTHCARE SYSTEM INC

EIN: 421707837 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$1,709,796,054
Total Expenses
$1,719,315,271
Total Assets
$816,695,986
Net Assets
$-883,549
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MN
Principal Officer
THOMAS KLEMOND MD
Phone
6128732630
Tax Period
2024-01-01 to 2024-12-31

HENNEPIN HEALTHCARE SYSTEM INC, founded in 2007, is a large national nonprofit in the Health Care sector that reported $1.7B in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

HENNEPIN HEALTHCARE SYSTEM'S (HHS) MISSION IS "WE PARTNER WITH OUR COMMUNITY, OUR PATIENTS, AND THEIR FAMILIES TO ENSURE ACCESS TO OUTSTANDING CARE FOR EVERYONE, WHILE IMPROVING HEALTH AND WELLNESS THROUGH TEACHING, PATIENT AND COMMUNITY EDUCATION AND RESEARCH." HHS STRIVES TO PROVIDE THE BEST POSSIBLE CARE TO EVERY PATIENT; TO SEARCH FOR NEW WAYS TO IMPROVE THE CARE THAT WILL BE PROVIDED TOMORROW; TO EDUCATE HEALTH CARE PROVIDERS FOR THE FUTURE; AND TO ENSURE ACCESS TO HEALTH CARE FOR ALL.

Program Service Accomplishments

Program 1
Expenses: $1,501,329,295 Revenue: $1,513,921,488

PATIENT CARE:HENNEPIN HEALTHCARE SYSTEM INC, (HEREAFTER HHS) IS A NATIONALLY RECOGNIZED HEALTHCARE SYSTEM THAT INCLUDES A COMPREHENSIVE CLINIC SYSTEM, LEVEL 1 ADULT AND PEDIATRIC TRAUMA CENTER, AND...

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PATIENT CARE:HENNEPIN HEALTHCARE SYSTEM INC, (HEREAFTER HHS) IS A NATIONALLY RECOGNIZED HEALTHCARE SYSTEM THAT INCLUDES A COMPREHENSIVE CLINIC SYSTEM, LEVEL 1 ADULT AND PEDIATRIC TRAUMA CENTER, AND MEDICAL CENTER WITH THE LARGEST EMERGENCY DEPARTMENT IN MINNESOTA, EMS SERVICE, AND A NURSE HOME VISITING PROGRAM. HHS IS ALSO RECOGNIZED NATIONALLY FOR LEADERSHIP IN MEDICAL EDUCATION, EMERGENCY PREPAREDNESS, RESEARCH, AND COMPASSIONATE CARE IN MULTIPLE SPECIALTIES. HHS OPERATED A HOSPITAL WITH LICENSED CAPACITY OF 894 BEDS AND 65 BASSINETS, 469 BEDS AND 65 BASSINETS OF WHICH WERE AVAILABLE, AS WELL AS 10 PRIMARY CARE CLINICS AND 34 SPECIALTY CARE CLINICS, AND EMPLOYED APPROXIMATELY 975 PROVIDERS, 247 RESIDENTS, AND 160 PHARMACISTS IN 9 PHARMACY LOCATIONS. HHS IS A MAJOR EMPLOYER AND ECONOMIC ENGINE IN HENNEPIN COUNTY OF MINNESOTA. THE CLINIC AND SPECIALTY CENTER (CSC) OUTPATIENT FACILITY IN DOWNTOWN MINNEAPOLIS REAFFIRMS HENNEPIN HEALTHCARE SYSTEMS INC.'S (HHS) COMMITMENT TO PARTNERING WITH ITS COMMUNITY, PATIENTS, AND THEIR FAMILIES TO ENSURE ACCESS TO OUTSTANDING CARE FOR EVERYONE, WHILE IMPROVING HEALTH AND WELLNESS THROUGH TEACHING, PATIENT AND COMMUNITY EDUCATION, AND RESEARCH. HHS INVESTS IN TRAINING AND SUPPORTING ITS TEAM MEMBERS TO SERVE THE ENTIRE COMMUNITY IN THE BELIEF THAT EQUITY IS ESSENTIAL FOR OPTIMAL HEALTH OUTCOMES. HHS WORKS TO IMPROVE THE ABILITY OF HISTORICALLY MARGINALIZED AND SOCIOECONOMICALLY DISADVANTAGED PERSONS TO RECEIVE THE RESOURCES NEEDED TO BE AS HEALTHY AS POSSIBLE. HHS PARTNERS WITH THE COMMUNITY, BOTH INTERNAL AND EXTERNAL, TO SUPPORT ACHIEVING THEIR FULLEST HEALTH POTENTIAL BY ACTIVELY ELIMINATING BARRIERS TO ACCESS DUE TO RACISM, OR ANY OTHER CONSEQUENCE OF SOCIAL POSITION OR SOCIALLY INFLUENCED CIRCUMSTANCES EXPERIENCED BY BLACK, INDIGENOUS, AND PEOPLE OF COLOR, AND THOSE WHO ARE ECONOMICALLY DISADVANTAGED, UNINSURED, INDIGENT, AND MEMBERS OF OTHER VULNERABLE POPULATIONS.

Program 2
Expenses: $30,944,890 Revenue: $52,949,935

EDUCATION & TRAINING: THE CENTER FOR LEARNING INTEGRATION EXCELS IN COORDINATING, DESIGNING, AND INTEGRATING LEARNING THROUGHOUT THE HEALTHCARE SYSTEM WITH THE PRIORITY GOAL TO IMPROVE QUALITY...

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EDUCATION & TRAINING: THE CENTER FOR LEARNING INTEGRATION EXCELS IN COORDINATING, DESIGNING, AND INTEGRATING LEARNING THROUGHOUT THE HEALTHCARE SYSTEM WITH THE PRIORITY GOAL TO IMPROVE QUALITY, SAFETY, AND EXPERIENCE OUTCOMES FOR ALL STAKEHOLDERS. HENNEPIN HEALTHCARE SYSTEM, INC. (HHS) ALSO OPERATES THE INTERDISCIPLINARY SIMULATION AND EDUCATION CENTER, A TRAINING CENTER THAT HOSTS EDUCATIONAL PROGRAMS FOR NURSES, PHYSICIANS, PRE-HOSPITAL PROVIDERS, AND OTHER ALLIED HEALTH PROFESSIONALS FROM HHS AND ACROSS THE REGION. IT IS A GUIDED, SAFE ENVIRONMENT FOR HEALTHCARE PROFESSIONALS TO SIMULATE PRACTICE OF REAL-LIFE MEDICAL SITUATIONS AND PROCEDURES VIA STATE-OF-THE-ART SIMULATION EQUIPMENT. HHS EMPHASIZES TRAINING THE FUTURE HEALTHCARE WORKFORCE TO MEET COMMUNITY HEALTH NEEDS. THE ADVANCED PRACTICE PROVIDER PROFESSIONAL CENTER PROVIDES ORGANIZATIONAL STRUCTURE FOR NURSE PRACTITIONERS AND PHYSICIAN ASSISTANTS. HHS COOPERATES WITH METROPOLITAN STATE UNIVERSITY TO PROVIDE THE DENTAL THERAPIST PROGRAM WHICH FOCUSES ON ADVANCED DENTAL THERAPY TRAINING OPPORTUNITIES IN GENERAL AND PEDIATRIC DENTISTRY AS WELL AS ORAL SURGERY. COMMUNITY PHYSICIANS AND OTHER PRACTITIONERS FROM ACROSS MINNESOTA COME TO HHS FOR CONTINUING MEDICAL EDUCATION TRAINING COURSES. HHS ALSO CONDUCTS ON-SITE TRAINING AT THE REQUEST OF RURAL HOSPITALS AND CLINICS AND HAS ESTABLISHED RELATIONSHIPS WITH OTHER DESIGNATED TRAUMA CENTERS AND EMERGENCY DEPARTMENTS ACROSS MINNESOTA. THE HHS EMERGENCY DEPARTMENT MAINTAINS A FREE ONLINE DATABASE OF DIVERSE TEACHING MATERIALS INCLUDING INSTRUCTIONAL VIDEOS, LECTURES, CRITICAL CARE CONFERENCE PRESENTATIONS AND VIDEOS, MEDICAL BLOGS, AND EDUCATIONAL LINKS, ALL UTILIZED BY PRACTITIONERS AROUND THE WORLD.

Program 3
Expenses: $994,762 Revenue: $0

RESEARCH: RESEARCH FOCUS INCLUDES ADDICTION MEDICINE AND TOBACCO DEPENDENCE TREATMENT, BONE INFECTIONS AND HEALING, CANCER BIOLOGY, CHRONIC KIDNEY DISEASES, COGNITIVE ISSUES IN AGING, DIABETES AND...

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RESEARCH: RESEARCH FOCUS INCLUDES ADDICTION MEDICINE AND TOBACCO DEPENDENCE TREATMENT, BONE INFECTIONS AND HEALING, CANCER BIOLOGY, CHRONIC KIDNEY DISEASES, COGNITIVE ISSUES IN AGING, DIABETES AND OBESITY, DISPARITIES IN HEALTH CARE DELIVERY AND OUTCOMES, EMERGENCY MEDICINE, HEART FAILURE, HIV/AIDS, LIVER DISEASE, PEDIATRIC DISEASE PREVENTION, FOOD SECURITY, TRANSPLANT AVAILABILITY AND OUTCOMES, AND TRAUMATIC BRAIN INJURY. THE HENNEPIN HEALTHCARE FOUNDATION CONNECTS THE GENEROSITY OF THE COMMUNITY TO THE MISSION OF HENNEPIN HEALTHCARE SYSTEM, INC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $137,452,885
Program Service Revenue $1,572,245,997
Investment Income $97,172
Other Revenue $0
TOTAL REVENUE $1,709,796,054

Expense Breakdown

Grants Paid $4,893,932
Salaries & Benefits $961,201,537
Fundraising Expenses $0
Program Expenses $1,533,268,947
Other Expenses $753,219,802
TOTAL EXPENSES $1,719,315,271

Year-over-Year Comparison

2024 2023 Change
Revenue $1,709,796,054 $1,554,670,883 +0.1%
Expenses $1,719,315,271 $1,609,599,129 +0.1%
Net Income $-9,519,217 $-54,928,246 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
9
Employees
8681
Volunteers
286

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
$1,541,645
Total Directors
15
$2,843,961
Key Employees
9
$4,152,548
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER DECUBELLIS MA CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$927,516 $80,130 $1,007,646
THOMAS WYATT MD DIRECTOR/PHYSICIAN (UNTIL 4/24) 40.00
Director
$560,366 $60,396 $620,762
ARTI PRASAD MD DIRECTOR/PHYSICIAN 40.00
Director
$534,273 $43,007 $577,280
TOM KLEMOND MD DIRECTORVP MEDICAL AFFAIRS (EFF. 6/24) 40.00
Director
$280,710 $57,841 $338,551
IRENE FERNANDO DIRECTOR 2.00
Director
$0 $32,749 $151,301
MARION GREENE DIRECTOR 2.00
Director
$0 $32,299 $148,421
BABETTE APLAND DIRECTOR (UNTIL 9/24) 2.00
Director
$0 $0 $0
MOHAMED OMAR MBA MS DIRECTOR 2.00
Director
$0 $0 $0
KATHY TUNHEIM BOARD CHAIR (UNTIL 10/24) 2.00
Director
$0 $0 $0
JENNELL BILEK DIRECTOR 2.00
Director
$0 $0 $0
BROCK NELSON DIRECTOR (UNTIL 12/24) 2.00
Director
$0 $0 $0
CRAIG WARREN DIRECTOR 2.00
Director
$0 $0 $0
MITCHELL DAVIS DIRECTOR 2.00
Director
$0 $0 $0
CONNIE DELANEY DIRECTOR 2.00
Director
$0 $0 $0
KYLE MAKARIOS DIRECTOR 2.00
Director
$0 $0 $0
LISA ANDERSON CPA INACTIVE CHIEF FINANCIAL OFFICER 40.00
Officer
$477,460 $56,539 $533,999
ANDREW SCHMIDT MD CMO (INTERIM) (UNTIL 5/24) 40.00
Key Emp
$608,539 $52,155 $660,694
MEGHAN WALSH MD CHIEF ACADEMIC AND RESEARCH OFFICER 40.00
Key Emp
$475,382 $64,536 $539,918
WENDY STULAC-MOTZEL CHIEF OPERATING OFFICER 40.00
Key Emp
$463,458 $47,711 $511,169
KAREN STRAUMAN CHIEF NURSING OFFICER 40.00
Key Emp
$403,093 $47,146 $450,239
NATHANIEL SCOTT MD CHIEF CLINICAL OFFICER 40.00
Key Emp
$394,455 $64,536 $458,991
THERESA PESCH RN VP PHILANTHROPY HHF PRESIDENT 2.00
Key Emp
$431,214 $62,880 $494,094
NNEKA SEDERSTROM PHD MPH MA FCC CHIEF HEALTH EQUITY OFFICER 40.00
Key Emp
$357,307 $64,536 $421,843
ERIC LING MD CHIEF MEDICAL OFFICER (EFF. 5/24) 40.00
Key Emp
$316,146 $46,349 $362,495
ABDIRAHMAN ABDI CAO (EFF. 6/24) 40.00
Key Emp
$216,883 $36,222 $253,105
THOMAS BERGMAN MD PHYSICIAN DIVISION CHAIR 40.00
Highest
$1,161,851 $52,399 $1,214,250
WALTER GALICICH MD PHYSICIAN-MANAGING 40.00
Highest
$1,049,370 $58,740 $1,108,110
XIAO WANG MD PHYSICIAN-RADIOLOGY DIAGNOSTIC 40.00
Highest
$859,776 $54,152 $913,928
ASAD IRFANULLAH MD PHYSICIAN-RADIOLOGY IR 40.00
Highest
$845,183 $60,396 $905,579
PRATEEK SAHGAL MD PHYSICIAN-MNG-RADIOLOGY 40.00
Highest
$844,942 $58,740 $903,682
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 $1,709,796,054 $1,719,315,271 $816,695,986 $-9,519,217
2023 $1,554,670,883 $1,609,599,129 $764,932,865 $-54,928,246
2022 $1,429,182,475 $1,457,616,429 $808,614,378 $-28,433,954
2022 $1,429,182,475 $1,457,616,429 $808,614,378 $-28,433,954
2021 $1,359,047,890 $1,313,741,792 $832,495,372 $45,306,098
2020 $1,214,727,754 $1,172,924,796 $827,542,550 $41,802,958
2019 $1,114,694,494 $1,130,712,653 $710,586,782 $-16,018,159
2018 $1,063,176,845 $1,049,460,841 $717,064,687 $13,716,004
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