MBP FACILITY LLC

EIN: 454078371 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
N/A
Total Expenses
$1,827,089
Total Assets
$29,713,338
Net Assets
$29,713,338
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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
2010
Legal Domicile
MN
Principal Officer
DAVID JOOS
Phone
6122620660
Tax Period
2023-01-01 to 2023-12-31

Mission

TO LEASE LAND FOR A PUBLIC HOSPITAL, CONSTRUCT, OWN AND OPERATE A HOSPITAL FACILITY ON THE LAND, AND LEASE THE FACILITY TO A CONTRACTUAL JOINT VENTURE COMPOSED SOLELY OF PUBLIC HOSPITAL MEMBERS FOR PUBLIC HOSPITAL USE PURPOSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,827,089
Other Expenses $1,827,089
TOTAL EXPENSES $1,827,089

Year-over-Year Comparison

2023 2022 Change
Revenue N/A N/A N/A
Expenses $1,827,089 $1,952,474 -0.1%
Net Income N/A $-1,952,474 N/A
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

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Governance

Voting Members
2
Independent Members
N/A
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
2
$2,981,299
Total Directors
2
$2,981,299
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC GORELICK MD GOVERNOR/TREASURER 1.00
Officer Director
$0 $356,578 $2,089,090
DAVID JOOS GOVERNOR 1.00
Officer Director
$0 $144,528 $892,209
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 No data No data No data No data
2023 No data $1,827,089 $29,713,338 No data
2022 No data $1,952,474 $31,540,427 No data
2021 No data $1,964,222 $33,492,901 No data
2020 No data $2,017,354 $35,457,123 No data
2019 No data $2,017,138 $37,471,487 No data
2018 No data $2,021,922 $39,488,625 No data
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