HENNEPIN HEALTHCARE SYSTEM INC (EIN 421707837) - 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

2007

Legal Domicile

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

WE PARTNER WITH OUR COMMUNITY, OUR PATIENTS, AND THEIR FAMILIES TO ENSURE OUTSTANDING CARE FOR EVERYONE, WHILE IMPROVING HEALTH AND WELLNESS THROUGH TEACHING, PATIENT AND COMMUNITY EDUCATION, AND RESEARCH.

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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 $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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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

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

$1,541,645

Total Directors

$2,843,961

Key Employees

$4,152,548

Highest Compensated

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

HENNEPIN HEALTHCARE SYSTEM INC