UCARE FOUNDATION

EIN: 464795214 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$82,513,197
Total Expenses
$103,349,566
Total Assets
$60,706,857
Net Assets
$10,706,355
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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
2014
Legal Domicile
MN
Principal Officer
HILARY MARDEN-RESNIK
Phone
6126766500
Tax Period
2023-01-01 to 2023-12-31

UCARE FOUNDATION, founded in 2014, is a mid-sized nonprofit in the Health Care sector that reported $82.5M in total revenue in fiscal year 2023. Revenue surged 191% from the prior year, signaling strong growth momentum. Expenses of $103.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

GRANT-MAKING TO IMPROVE THE HEALTH OF UNDER-SERVED POPULATIONS IN MINNESOTA.

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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 $80,000,000
Program Service Revenue $0
Investment Income $2,513,197
Other Revenue $0
TOTAL REVENUE $82,513,197

Expense Breakdown

Grants Paid $103,337,170
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $103,346,539
Other Expenses $12,396
TOTAL EXPENSES $103,349,566

Year-over-Year Comparison

2023 2022 Change
Revenue $82,513,197 $28,310,440 +1.9%
Expenses $103,349,566 $1,201,042 +85.0%
Net Income $-20,836,369 $27,109,398 -1.8%
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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
19

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
5
$2,962,259
Total Directors
19
$166,213
Key Employees
4
$2,007,667
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HILARY MARDEN-RESNIK PRESIDENT & CEO 0.10
Officer
$0 $182,880 $1,381,236
BETH MONSRUD SVP, CFO & TREASURER 0.10
Officer
$0 $98,201 $811,939
DANIEL SANTOS CHIEF LEGAL OFFICER & SECRETARY 0.10
Officer
$0 $82,178 $746,084
GHITIANN WORCESTER EVP CHIEF MARKETING OFFICER (THROUGH SEP 2023) 0.10
Key Emp
$0 $26,884 $629,870
TENBIT EMIRU EVP, CHIEF MEDICAL OFFICER 0.10
Key Emp
$0 $89,960 $594,468
MARIE ZIMMERMAN EVP, CHIEF STRATEGY OFFICER 0.10
Key Emp
$0 $55,255 $481,528
JAY SIVASAILAM EVP, CHIEF GROWTH OFFICER 0.10
Key Emp
$0 $33,674 $301,801
MERIAM MOHAMED DIRECTOR 0.10
Director
$0 $0 $15,000
CHARITY BENNETT DIRECTOR 0.10
Director
$0 $0 $14,963
P JAY KIEDROWSKI DIRECTOR 0.10
Director
$0 $0 $14,750
ROBERT RISKIN DIRECTOR 0.10
Director
$0 $0 $13,000
TERESA MCCARTHY MD VICE CHAIR 0.10
Officer Director
$0 $0 $11,500
JAMES VAN VOOREN MD BOARD CHAIR 0.10
Officer Director
$0 $0 $11,500
TOM DEPHILLIPS DIRECTOR 0.10
Director
$0 $0 $10,500
PATRICIA ADAM MD DIRECTOR 0.10
Director
$0 $0 $10,250
ALLISON O'TOOLE DIRECTOR 0.10
Director
$0 $0 $10,250
JEFF BANGSBERG DIRECTOR 0.10
Director
$0 $0 $10,000
PATRICIA NELSON DIRECTOR 0.10
Director
$0 $0 $10,000
MICHAEL WOOTTEN MD DIRECTOR 0.10
Director
$0 $0 $10,000
WILLIAM ROBERTS MD DIRECTOR 0.10
Director
$0 $0 $9,000
JAMES PACALA MD DIRECTOR (THROUGH AUGUST 2023) 0.10
Director
$0 $0 $6,500
ANTHONY MENDOZA DIRECTOR 0.10
Director
$0 $0 $3,500
JAMES KOPPEL DIRECTOR 0.10
Director
$0 $0 $2,750
MARTINA SEGAYAM DIRECTOR 0.10
Director
$0 $0 $2,750
DOROTHY BRIDGES DIRECTOR 0.10
Director
$0 $0 $0
MYRON FRANS DIRECTOR (THROUGH AUGUST 2023) 0.10
Director
$0 $0 $0
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 $82,513,197 $103,349,566 $60,706,857 $-20,836,369
2022 $28,310,440 $1,201,042 $31,577,169 $27,109,398
2021 $2,352,143 $1,285,735 $4,893,006 $1,066,408
2020 $1,199,594 $1,380,721 $3,890,851 $-181,127
2019 $518,349 $1,479,827 $3,760,141 $-961,478
2018 $745,931 $395,170 $4,476,047 $350,761
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