ST LOUIS PARK, MN
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Sign In — Free (10 views/day)PARK NICOLLET GROUP RETURN is a large national nonprofit that reported $2.2B in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.1B left a modest 3% surplus.
TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY.
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE THE PARK NICOLLET GROUP RETURN (GROUP) INCLUDES THE FOLLOWING ORGANIZATIONS (COLLECTIVELY REFERRED TO AS PARK NICOLLET): PARK NICOLLET METHODIST HOSPITAL...
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE THE PARK NICOLLET GROUP RETURN (GROUP) INCLUDES THE FOLLOWING ORGANIZATIONS (COLLECTIVELY REFERRED TO AS PARK NICOLLET): PARK NICOLLET METHODIST HOSPITAL (METHODIST), PARK NICOLLET CLINIC (PNC), PARK NICOLLET HEALTH CARE PRODUCTS (PNHCP), AND PNMC HOLDINGS ALL OF WHICH ARE SUBSIDIARIES OF PARK NICOLLET HEALTH SERVICE. EACH OF THESE ORGANIZATIONS ARE MINNESOTA NONPROFIT CORPORATIONS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND ARE PART OF THE HEALTHPARTNERS ORGANIZATION REFERRED COLLECTIVELY AS "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. HEALTHPARTNERS INCLUDES AN ARRAY OF TAX-EXEMPT AND TAXABLE ORGANIZATIONS. A COMPLETE LISTING OF ALL ORGANIZATIONS WITHIN HEALTHPARTNERS AND PARK NICOLLET, 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. PARK NICOLLET CARES FOR PATIENTS AT MORE THAN 30 LOCATIONS IN THE TWIN CITIES AREA. THESE INCLUDE PRIMARY AND SPECIALTY CARE CLINICS AND HOSPITALS. WITHIN PARK NICOLLET ARE SEVERAL NATIONALLY RENOWNED SPECIALTY CARE FACILITIES: PARK NICOLLET'S BARIATRIC SURGERY & WEIGHT CENTER HAS BEEN HELPING PATIENTS ACHIEVE THEIR WEIGHT LOSS GOALS FOR MORE THAN 40 YEARS AND HAS BEEN NATIONALLY RECOGNIZED AS A COMPREHENSIVE CENTER BY THE METABOLIC AND BARIATRIC SURGERY ACCREDITATION AND QUALITY IMPROVEMENT PROGRAM (MBSAQIP). PARK NICOLLET'S FRAUENSHUH CANCER CENTER OFFERS A FULL RANGE OF SERVICES AND STATE-OF-THE-ART TECHNOLOGY TO FIGHT CANCER, INCLUDING SURGERY, CHEMOTHERAPY AND RADIATION THERAPY. CANCER CARE AND TREATMENT IS PERSONALIZED FOR EACH PATIENT. FAMILIES AND PATIENTS CAN BENEFIT FROM SERVICES, INCLUDING PSYCHOTHERAPY, SUPPORT AND EDUCATION, ALL IN THE PATIENT'S ROOM AND IN ONE LOCATION. PARK NICOLLET'S HEART AND VASCULAR CENTER OFFERS EXTENSIVE CARDIOVASCULAR SERVICES AND PROCEDURES CENTERED ON THE PATIENT. THE CENTER PROVIDES AROUND-THE-CLOCK SUPPORT FROM A HIGHLY SPECIALIZED TEAM USING THE LATEST INNOVATIONS, ALL IN A PEACEFUL ENVIRONMENT DESIGNED FOR COMFORT AND HEALING. PARK NICOLLET'S TEAM-BASED APPROACH DRAWS FROM SPECIALISTS IN CARDIOLOGY, RADIOLOGY, NEUROLOGY, SURGERY, PHYSIOLOGY, REHABILITATION AND MORE. THAT MEANS PARK NICOLLET CAN OFFER COMPREHENSIVE AND COORDINATED CARE FOR ALL HEART AND VASCULAR CONDITIONS. PARK NICOLLET JANE BRATTAIN BREAST CENTER OFFERS COMPREHENSIVE BREAST HEALTH SERVICES TO ALL WOMEN AT ALL LIFE STAGES. OUR TEAM OF EXPERTS IS CONNECTED TO OUR TEAM OF ONCOLOGISTS, SURGEONS AND OTHER SPECIALISTS. WE USE THE LATEST TECHNOLOGIES, INCLUDING 3D MAMMOGRAMS. PARK NICOLLET MELROSE CENTER HAS PROVIDED COMPASSIONATE, EXPERT CARE FOR ALL TYPES OF EATING DISORDERS FOR PEOPLE OF EVERY AGE AND GENDER FOR OVER 35 YEARS. PARK NICOLLET HAS HELPED GUIDE THOUSANDS OF PEOPLE TOWARD RECOVERY USING EVIDENCE-BASED TREATMENT. THIS MEANS THAT PARK NICOLLET HAS BASES THE PROGRAMS ON THE LATEST RESEARCH AND TREATMENTS. PARK NICOLLET STRUTHERS PARKINSON'S CENTER IS DEDICATED TO PROVIDING COMPREHENSIVE ASSESSMENT, TREATMENT, SUPPORT, EDUCATION AND RESEARCH TO IMPROVE THE QUALITY OF LIFE OF PEOPLE AFFECTED BY PARKINSON'S. STRUTHERS PARKINSON'S CENTER IS A NATIONAL PARKINSON'S FOUNDATION CENTER OF EXCELLENCE. THE WOMEN'S CENTER IN ST. LOUIS PARK WAS DESIGNED FOR BUSY WOMEN. THEY GET CARE, COMFORT AND CONVENIENCE, ALL IN ONE LOCATION. THIS MEANS THEY CAN ADDRESS MULTIPLE NEEDS IN ONE VISIT. PARK NICOLLET OFFER A FULL RANGE OF WOMEN'S HEALTH SERVICES, INCLUDING OBSTETRICS AND PRENATAL CARE, GYNECOLOGY AND UROGYNECOLOGY, BIRTH CONTROL, MENOPAUSE, INCONTINENCE AND PELVIC FLOOR DISORDERS. METHODIST, IN ST. LOUIS PARK, MINNESOTA, IS LICENSED FOR 426 INPATIENT BEDS AND ADMITS NEARLY 30,000 PATIENTS ANNUALLY. THERE ARE MORE THAN 60,000 EMERGENCY CENTER PATIENTS TREATED EACH YEAR. METHODIST DELIVERS NEARLY 2,800 BABIES EACH YEAR AT THE FAMILY BIRTH CENTER. PNHCP PROVIDES DURABLE MEDICAL EQUIPMENT AND SUPPLIES SUPPORTING ONGOING PATIENT CARE FOR METHODIST AND PNC PATIENTS. PNHCP IS A RECOGNIZED LEADER IN PROVIDING PATIENTS WITH CONVENIENT ACCESS TO PROVIDER RECOMMENDED HEALTH RELATED PRODUCTS. PNHCP IS VIEWED BY PARK NICOLLET AS AN EXTENSION OF THE PROVIDER'S CARE, BY PROVIDING PRODUCTS USED AT HOME TO HELP PATIENTS ENSURE SUCCESS WITH SELF-MANAGING ANY NUMBER OF HEALTH ISSUES. MUSIC THERAPY CONTINUED TO BE AN IMPORTANT PART OF PATIENT CARE THROUGHOUT METHODIST. IN 2024 THERE WERE 696 CONSULTS AND 1,137 PATIENTS. WITH 554 FAMILY MEMBERS PRESENT, THE TOTAL WAS 1,691 CONNECTIONS. PATIENTS REPORTED DECREASES IN PAIN, ANXIETY, NAUSEA AND INCREASED MOOD. INTEGRATIVE THERAPY IN 2024 INCLUDED MESSAGE AND HEALING TOUCH. THERAPISTS PROVIDED 541 ENCOUNTERS AND 267 CONSULTS, MOSTLY IN ONCOLOGY. PATIENTS REPORTED DECREASES IN PAIN, ANXIETY, NAUSEA, NEUROPATHY AND INCREASES IN MOOD. THERAPISTS ALSO PROVIDED 40 TEAM MEMBERS WITH EITHER MASSAGE OR HEALING TOUCH SESSIONS POSITIVELY IMPACTING STAFF HEALTH AND THEIR EXPERIENCE WITH THESE TYPES OF THERAPIES AND HOW THEY WORK IN THE HOSPITAL ENVIRONMENT. BENEFIT TO THE COMMUNITY: COMMUNITY HEALTH SERVICES: PATIENT EDUCATION - PARK NICOLLET'S PATIENT EDUCATION DEPARTMENT PROVIDES EDUCATIONAL TOOLS TO SUPPORT PATIENTS IN PREVENTING AND MANAGING ILLNESS AND IMPROVING HEALTH. PARK NICOLLET PROVIDE PROGRAMS, CLASSES, VIDEOS, WEB CONTENT AND DECISION SUPPORT TOOLS TO HELP PATIENTS AND THE BROADER COMMUNITY TAKE AN ACTIVE ROLE IN THEIR HEALTH. THESE RESOURCES HELP PATIENTS PREVENT AND MANAGE COMMON HEALTH PROBLEMS, LIVE WELL WITH CHRONIC CONDITIONS, PREPARE FOR PROCEDURES AND IMPROVE OVERALL HEALTH AND WELL-BEING. PARK NICOLLET'S HEALTH LIBRARY PROVIDES RESOURCES AND SERVICES FOR PATIENTS, FAMILY AND THE COMMUNITY. THIS INCLUDES LITERATURE SEARCHES AND DOCUMENT DELIVERY, AS WELL AS ACCESS TO PRINT, ONLINE AND INTERNET RESOURCES. PARK NICOLLET HOSTED AND PARTNERED ACROSS THE ORGANIZATION TO RAISE AWARENESS OF HEALTH CARE TOPICS PLUS PROVIDE SUPPLIES AND EDUCATION TO THE COMMUNITY. COMMUNITY PROGRAMS MAKE IT OK IN 2024, THE MAKE IT OK COMMUNITY INITIATIVE CONTINUED TO RAISE AWARENESS, CHALLENGE STIGMA, CONNECT PEOPLE TO RESOURCES AND ENCOURAGE OPEN CONVERSATIONS ABOUT MENTAL HEALTH, INCLUDING SUBSTANCE USE DISORDER. IN MARCH, HEALTHPARTNERS CELEBRATED THE LAUNCH OF ITS REDESIGNED WEBSITE FEATURING A NEW LOOK, NEW EXPERIENCE, UPDATED CONTENT AND TAILORED RESOURCES DESIGNED TO HELP EVERYONE FEEL WELCOMED, SEEN, HEARD AND INCLUDED. EXPLORE AT MAKEITOK.ORG. PARK NICOLLET BEHAVIORAL HEALTH AND FOUNDATION STAFF CONDUCTED A WEBINAR WITH AG MEDIA FOR MEMBERS OF THE SOUTH METRO SOMALI AND EAST AFRICAN COMMUNITIES ON YOUTH MENTAL HEALTH INCLUDING BACKGROUND, AND BARRIERS TO CARE LIKE STIGMA. LITTLE MOMENTS COUNT (LMC): LMC IS A GROWING SOCIAL MOVEMENT SEEKING TO INCREASE AWARENESS OF THE IMPORTANCE AND INCREASE PARENT AND CAREGIVER BEHAVIORS OF TALKING, PLAYING, READING, SINGING AND STORYTELLING WITH CHILDREN, IN THE FIRST ONE THOUSAND DAYS OF LIFE (0-3 YEARS OLD). LMC ACHIEVES THIS THROUGH COLLECTIVE IMPACT PARTNERSHIP WITH OVER 115 CROSS-SECTOR ORGANIZATIONS, INCLUDING EARLY CHILDHOOD, HEALTH CARE, NONPROFIT COMMUNITY AND CULTURAL, FAITH COMMUNITY, MEDIA, GOVERNMENTAL AND OTHER PRIVATE SECTOR ORGANIZATIONS. LMC PARTNERS WORK TOGETHER TO MAGNIFY KEY FAMILY SUPPORT RESOURCES AND OPPORTUNITIES, AS WELL AS IDENTIFY GAPS TO ADDRESS THROUGH COLLECTIVE IMPACT STRATEGIES.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,192,407,935 | $2,002,440,411 | +0.1% |
| Expenses | $2,119,364,377 | $2,012,619,825 | +0.1% |
| Net Income | $73,043,558 | $-10,179,414 | -8.2% |
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 |
|---|---|---|---|---|---|---|
| PHILIP DONALDSON | DIRECTOR & CHAIR | 1.90 |
Officer
Director
|
$0 | $0 | $40,000 |
| ROBERT EHREN | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $30,000 |
| MORRIS GOODWIN | DIRECTOR & TREASURER | 3.10 |
Officer
Director
|
$0 | $0 | $33,000 |
| DEBORAH HOPP | DIRECTOR & VICE CHAIR | 3.80 |
Officer
Director
|
$0 | $0 | $48,000 |
| KATHLEEN KELLEY | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $33,000 |
| DAVID LAGERSTROM | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $30,000 |
| AMY LANGER | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $33,000 |
| ANA RUBY LEE | DIRECTOR | 2.40 |
Director
|
$0 | $0 | $30,000 |
| LAURA LIU | DIRECTOR | 3.20 |
Director
|
$0 | $0 | $30,000 |
| SHARON PIERCE | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $33,000 |
| SONDRA SAMUELS | DIRECTOR | 2.50 |
Director
|
$0 | $0 | $33,000 |
| THOMAS SCHRUP MD | DIRECTOR | 2.60 |
Director
|
$0 | $0 | $30,000 |
| PAUL WILLIAMS | DIRECTOR | 3.40 |
Director
|
$0 | $0 | $36,000 |
| BRAD WOZNEY MD | DIRECTOR | 2.40 |
Director
|
$0 | $0 | $33,000 |
| STEVEN M CONNELLY MD | DIRECTOR & EXC MEDICAL DIRECTOR | 20.00 |
Officer
Director
|
$0 | $177,487 | $1,319,916 |
| RAE ANN WILLIAMS | DIRECTOR | 2.00 |
Director
|
$0 | $160,728 | $570,566 |
| NIMA A DESAI MD | CMO METHODIST HOSPITAL | 40.00 |
Officer
|
$0 | $51,421 | $559,898 |
| MELISSA T FRITZ | CNO METHODIST HOSPITAL | 60.00 |
Officer
|
$0 | $72,041 | $430,021 |
| NATHAN PULSCHER | PRESIDENT HUTCHINSON HEALTH (DEC) | 49.00 |
Officer
|
$0 | $72,106 | $431,896 |
| JENNIFER L MYSTER | PRESIDENT METHODIST HOSPITAL | 54.50 |
Officer
|
$0 | $145,186 | $819,186 |
| ANDREA M WALSH | PRESIDENT & CEO | 20.00 |
Officer
|
$0 | $910,637 | $3,838,003 |
| NANCY L EVERT | SECRETARY & SVP GEN CNSL | 10.00 |
Officer
|
$0 | $248,257 | $1,078,463 |
| NANCY A MCCLURE | CHIEF OPERATING OFFICER (JAN-FEB) | 0.50 |
Officer
|
$0 | $52,557 | $1,371,642 |
| MEGAN M REMARK | CHIEF OPERATING OFFICER (MAR-DEC) | 0.50 |
Officer
|
$0 | $368,676 | $1,427,650 |
| ALITA RISINGER | CFO | 0.50 |
Officer
|
$0 | $155,052 | $880,339 |
| MARK R SANNES MD | EXC MEDICAL DIRECTOR | 0.50 |
Officer
|
$0 | $181,666 | $1,281,429 |
| JAMES P LYONS | PRESIDENT HUTCHINSON HEALTH (JAN-NOV) | 0.00 |
Officer
|
$0 | $50,663 | $424,435 |
| KEVIN J MULLANEY | ORTHOPEDIC SURGEON | 50.00 |
Highest
|
$1,432,882 | $51,318 | $1,484,200 |
| CHRISTINE M PUI MD | VICE CHAIR ORTHOPEDICS | 50.00 |
Highest
|
$1,416,067 | $65,108 | $1,481,175 |
| GREGORY R HILDEBRAND MD | ORTHOPEDIC SURGEON | 60.00 |
Highest
|
$1,400,060 | $92,010 | $1,492,070 |
| DANIEL GATLIN | PHYSICIAN, GEN SURGERY | 58.00 |
Highest
|
$1,351,108 | $87,939 | $1,439,047 |
| ERIC M ROHMAN | ORTHOPEDIC SURGEON | 60.00 |
Highest
|
$1,306,054 | $37,873 | $1,343,927 |
| NATHAN G BLAD | FORMER PRESIDENT OLIVIA HOSPITAL | 0.00 |
|
$220,734 | $48,449 | $269,183 |
| HEIDI G CONRAD | FORMER VP & CFO | 0.00 |
|
$0 | $61,676 | $766,298 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,192,407,935 | $2,119,364,377 | $1,640,149,605 | $73,043,558 |
| 2023 | $2,002,440,411 | $2,012,619,825 | $1,743,781,100 | $-10,179,414 |
| 2022 | $1,913,283,965 | $1,865,440,563 | $1,554,745,941 | $47,843,402 |
| 2021 | $1,876,897,170 | $1,720,278,836 | $1,715,897,380 | $156,618,334 |
| 2020 | $1,633,575,634 | $1,577,009,180 | $1,495,285,312 | $56,566,454 |
| 2019 | $1,725,735,169 | $1,655,687,939 | $1,328,602,033 | $70,047,230 |
| 2018 | $1,650,690,067 | $1,562,656,758 | $1,202,718,237 | $88,033,309 |
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