UNIVERSITY OF MINNESOTA HEALTH CLINICS AND SURGERY CENTER INC

EIN: 465444821 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$167,301,882
Total Expenses
$223,174,831
Total Assets
$124,195,222
Net Assets
$-93,798,006
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MN
Principal Officer
WILLIAM SIBERT
Phone
6128840600
Tax Period
2023-01-01 to 2023-12-31

UNIVERSITY OF MINNESOTA HEALTH CLINICS AND SURGERY CENTER INC, founded in 2015, is a major nonprofit in the Health Care sector that reported $167.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $223.2M exceeded revenue, resulting in a 33% operating deficit.

Mission

JOINT VENTURE TO PROVIDE BREAKTHROUGH MEDICINE AND TRANSFORM THE HEALTH OF THE COMMUNITY USING THE POWER OF AN INTEGRATED ACADEMIC HEALTH SYSTEM.

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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 $167,301,112
Investment Income $770
Other Revenue $0
TOTAL REVENUE $167,301,882

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $161,164,765
Other Expenses $223,174,831
TOTAL EXPENSES $223,174,831

Year-over-Year Comparison

2023 2022 Change
Revenue $167,301,882 $151,004,254 +0.1%
Expenses $223,174,831 $194,199,203 +0.1%
Net Income $-55,872,949 $-43,194,949 +0.3%
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
8
Independent Members
8
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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAKUB TOLAR MD PHD BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JAMES HEREFORD TREASURER AND SECRETARY 1.00
Officer Director
$0 $0 $0
MYRON FRANS DIRECTOR 1.00
Director
$0 $0 $0
MARK WELTON MD DIRECTOR 1.00
Director
$0 $0 $0
LAURA REED DIRECTOR THRU DEC 2023 1.00
Director
$0 $0 $0
BEVAN YUEH MD DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM SIBERT DIRECTOR, CFO 1.00
Director
$0 $0 $0
JOE GAYLORD DIRECTOR 1.00
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 $167,301,882 $223,174,831 $124,195,222 $-55,872,949
2022 $151,004,254 $194,199,203 $134,296,737 $-43,194,949
2021 $233,411,583 $187,565,108 $176,197,118 $45,846,475
2020 $124,056,264 $166,863,837 $161,862,298 $-42,807,573
2019 $233,984,854 $206,732,023 $150,545,796 $27,252,831
2018 $115,054,399 $147,694,288 $166,780,460 $-32,639,889
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