MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
UNIVERSITY OF MINNESOTA HEALTH CLINICS & SURGERY CENTER, INC. (CSC) (THE ORGANIZATION) IS THE RESULT OF A JOINT-VENTURE AGREEMENT BETWEEN ITS MEMBERS, USING THE POWER OF AN INTEGRATED ACADEMIC HEALTH SYSTEM. THE ORGANIZATION IS COMPRISED OF MULTIPLE PHYSICIAN SPECIALTIES (CLINIC SERVICE UNITS). CSC THRU ITS MEMBER(S) IS AFFILIATED WITH VARIOUS MEDICAL DEPARTMENTS OF THE UNIVERSITY OF MINNESOTA'S SCHOOL OF MEDICINE (MEDICAL SCHOOL). THE RELATIONSHIP AFFILIATION DEFINS THE ORGANIZATION'S MAIN PURPOSE WHICH IS TO DEVELOP AND OPERATE AN AMBULATORY CARE CENTER DEDICATED TO ADVANCING MEDICAL RESEARCH AND EDUCATION AND PROVIDING HEALTH CARE SERVICES.
THE ORGANIZATION PROVIDES COMPREHENSIVE HEALTHCARE SERVICES TO PATIENTS THROUGH ITS FACILITIES WHILE SUPPORTING THE EDUCATION AND RESEARCH MISSION OF THE UNIVERSITY'S ACADEMIC HEALTH CENTER. THROUGH...
THE ORGANIZATION PROVIDES COMPREHENSIVE HEALTHCARE SERVICES TO PATIENTS THROUGH ITS FACILITIES WHILE SUPPORTING THE EDUCATION AND RESEARCH MISSION OF THE UNIVERSITY'S ACADEMIC HEALTH CENTER. THROUGH THE DELIVERY OF PATIENT CARE, THE ORGANIZATION ADVANCES CLINICAL TRAINING, MEDICAL EDUCATION, AND RESEARCH INITIATIVES OF THE UNIVERSITY'S MEDICAL SCHOOL AND OTHER SCHOOLS IN THE ACADEMIC HEALTH CENTER.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare UNIVERSITY OF MINNESOTA HEALTH CLINICS AND SURGERY CENTER INC with other nonprofits in Minnesota and across the country.