MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)STILLWATER MEDICAL GROUP, founded in 2003, is a small nonprofit in the Health Care sector that reported $317K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 1471% operating deficit.
TO MEET THE HEALTHCARE NEEDS OF INDIVIDUALS, FAMILIES & COMMUNITIES OF THE ST. CROIX VALLEY.
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE STILLWATER MEDICAL GROUP (SMG) IS A MINNESOTA NONPROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION...
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE STILLWATER MEDICAL GROUP (SMG) IS A MINNESOTA NONPROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS PART OF THE HEALTHPARTNERS ORGANIZATION (HEALTHPARTNERS). HEALTHPARTNERS IS A NONPROFIT ORGANIZATION WITH A MISSION OF IMPROVING HEALTH AND WELL-BEING IN PARTNERSHIP WITH ITS PATIENTS, MEMBERS AND COMMUNITY. AN INTEGRATED SYSTEM OF CARE AND COVERAGE SINCE ITS FOUNDING 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 ORGANIZATIONS REFERRED TO COLLECTIVELY AS "HEALTHPARTNERS". HEALTHPARTNERS INCLUDES AN ARRAY OF TAX-EXEMPT AND TAXABLE ORGANIZATIONS. HEALTHPARTNERS PROVIDES A FULL RANGE OF HEALTH CARE DELIVERY AND HEALTH PLAN SERVICES INCLUDING INSURANCE, PATIENT CARE, ADMINISTRATION AND HEALTH AND WELL-BEING PROGRAMS. HEALTHPARTNERS HEALTH PLANS SERVE MORE THAN 1.8 MILLION MEDICAL AND DENTAL MEMBERS NATIONWIDE. HEALTHPARTNERS MEDICAL CARE SYSTEM INCLUDES MORE THAN 2,000 EMPLOYED PHYSICIANS AND DENTISTS, EIGHT OWNED HOSPITALS WITH OVER 1,000 ACUTE CARE BEDS, OVER 100 PRIMARY AND SPECIALTY CARE MEDICAL FACILITIES AND DENTAL FACILITIES WITH PRACTICES IN MINNESOTA AND WESTERN WISCONSIN SERVING MORE THAN 1.34 MILLION PATIENTS. HEALTHPARTNERS HEALTH PLANS CONTRACT WITH OTHER PRIMARY AND SPECIALTY MEDICAL FACILITIES AND DENTAL FACILITIES, PHYSICIAN GROUPS, HOSPITALS, AND RELATED HEALTHCARE PROVIDERS TO SERVE PLAN MEMBERS. HEALTHPARTNERS ALSO PROVIDES MEDICAL EDUCATION AND TRAINING TO MEDICAL PROFESSIONALS AND CONDUCTS RESEARCH AND FUNDRAISING ACTIVITIES THAT SUPPORT THE HEALTH CARE DELIVERY SYSTEM. HEALTHPARTNERS COLLABORATES WITH OTHER PLANS, CARE PROVIDERS AND OTHER COMMUNITY AND BUSINESS ORGANIZATIONS IN THE REGION AND THROUGHOUT THE NATION TO INCREASE ACCESS, CREATE AND SHARE QUALITY MEASURES AND INITIATIVES, PARTICIPATE IN DEVELOPMENT OF PUBLIC POLICY, AND COLLABORATE IN IMPROVEMENTS THAT SUPPORT THE TRIPLE AIM. AMONG HEALTHPARTNERS' SIGNATURE INITIATIVES ARE TOTAL COST OF CARE MEASUREMENTS (A NATIONALLY RECOGNIZED METRIC, ENABLING MEASUREMENT AND INCENTIVES BASED ON COORDINATION AND EVIDENCE-BASED PRACTICES), MENTAL HEALTH (REDUCING STIGMA, AND ASSURING ACCESS TO HIGH QUALITY CARE IN THE MOST APPROPRIATE SETTINGS), CHILDREN'S HEALTH (IMPROVING CHILD HEALTH BY PROMOTING EARLY BRAIN DEVELOPMENT, PROVIDING FAMILY CENTERED CARE, AND STRENGTHENING COMMUNITIES), EQUITY, INCLUSION, AND ANTI-RACISM (ADDRESSING HEALTH EQUITY, ELIMINATING HEALTH CARE DISPARITIES, INCREASING DIVERSITY AND INCLUSION IN OUR WORKPLACES, BUILDING AN ANTI-RACIST CULTURE, AND DEEPENING OUR COLLECTIVE UNDERSTANDING OF CULTURAL HUMILITY) AND SUSTAINABILITY (ENERGY EFFICIENCY, WASTE REDUCTION, AND RESOURCE MANAGEMENT). A COMPLETE LISTING OF ALL ORGANIZATIONS WITHIN HEALTHPARTNERS, 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. HEALTHPARTNERS, INC. (HPI) IS THE PARENT ENTITY OF HEALTHPARTNERS AND IS A MINNESOTA NON-PROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(4). HPI IS THE SOLE CORPORATE MEMBER OF HPI-RAMSEY, A MINNESOTA NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). IN TURN, HPI-RAMSEY IS THE SOLE CORPORATE MEMBER OF REGIONS HOSPITAL, REGIONS HOSPITAL FOUNDATION, CAPITOL VIEW TRANSITIONAL CARE CENTER, LAKEVIEW HEALTH, AND RH-WISCONSIN, INC., ALL OF WHICH ARE NON-PROFIT CORPORATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). LAKEVIEW HEALTH IS THE SOLE CORPORATE MEMBER OF SMG, LAKEVIEW MEMORIAL HOSPITAL ASSOCIATION (LAKEVIEW HOSPITAL) AND LAKEVIEW HEALTH FOUNDATION. SMG IS A SUPPORTING ORGANIZATION TO LAKEVIEW HEALTH, LAKEVIEW HOSPITAL, AND GROUP HEALTH PLAN, INC. INFORMATION ABOUT THE EXEMPT ACTIVITIES OF SMG'S SUPPORTED ORGANIZATIONS MAY BE FOUND IN THE FORM 990S OF THE SUPPORTED ORGANIZATIONS.
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 | $317,277 | $433,953 | -0.3% |
| Expenses | $4,982,940 | $6,578,536 | -0.2% |
| Net Income | $-4,665,663 | $-6,144,583 | -0.2% |
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 |
|---|---|---|---|---|---|---|
| BRETT C HAAKE MD | DIRECTOR | 0.50 |
Director
|
$0 | $113,054 | $843,622 |
| MIKE ANDERSON | DIRECTOR AND CHAIR | 0.58 |
Officer
Director
|
$0 | $0 | $0 |
| ELIZABETH BRADSHAW | DIRECTOR | 0.58 |
Director
|
$0 | $0 | $0 |
| JASON HOWARD | DIRECTOR | 0.58 |
Director
|
$0 | $0 | $0 |
| SUE HEDLUND | DIRECTOR & VICE CHAIR | 0.58 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN UPPGREN | DIRECTOR | 0.58 |
Director
|
$0 | $0 | $0 |
| BRIAN L CRESS MD | DIRECTOR | 0.50 |
Director
|
$0 | $40,815 | $388,558 |
| MICHAEL FUNK | DIRECTOR | 0.58 |
Director
|
$0 | $0 | $0 |
| PAHOUA HOFFMAN | DIRECTOR | 0.50 |
Director
|
$0 | $105,197 | $533,054 |
| ANNIE JACOBSEN MD | DIRECTOR | 0.50 |
Director
|
$0 | $69,516 | $639,157 |
| ALITA RISINGER | DIRECTOR | 0.50 |
Director
|
$0 | $112,052 | $686,286 |
| KHU THAO | DIRECTOR | 0.58 |
Director
|
$0 | $0 | $0 |
| STEVEN C HOUSH | DIRECTOR (JAN-APR) | 0.50 |
Director
|
$0 | $45,951 | $363,920 |
| SHARON TOLVA | DIRECTOR & TREASURER | 0.58 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN J BJORK MD | DIRECTOR (JAN-AUG) | 0.50 |
Director
|
$0 | $42,519 | $317,129 |
| PHAEDRA COFIELD | DIRECTOR (JAN-NOV) | 0.58 |
Director
|
$0 | $0 | $0 |
| PATRICK T COURNEYA MD | DIRECTOR (JAN-APR) | 0.50 |
Director
|
$0 | $76,938 | $571,235 |
| NICHOLAS MEYER MD | DIRECTOR (JAN-OCT) | 0.58 |
Director
|
$0 | $0 | $0 |
| DOUGLAS E JOHNSON | CFO | 4.00 |
Officer
|
$0 | $44,121 | $647,904 |
| THOMAS S ANDERSON | VP MEDICAL AFFAIRS | 0.50 |
Officer
|
$0 | $67,935 | $547,674 |
| MATTHEW A RICHIE | VP ADMINISTRATION | 44.50 |
Officer
|
$403,091 | $47,575 | $450,666 |
| NANCY L EVERT | SEC. & GENERAL COUNSEL | 0.50 |
Officer
|
$0 | $238,674 | $1,049,946 |
| BRANDI L LUNNEBORG | PRESIDENT | 0.50 |
Officer
|
$0 | $139,951 | $811,412 |
| EMILIENNE ANDERSON | VP NURSING SERVICES & CNO | 0.50 |
Officer
|
$0 | $25,767 | $279,531 |
| SONYA K STEINER | DIRECTOR VALLEY CLINIC | 50.00 |
Highest
|
$197,985 | $13,026 | $211,011 |
| MICHAEL MEYER | PHYSICIAN ASSISTANT | 45.00 |
Highest
|
$186,334 | $12,634 | $198,968 |
| NICOLAS P WANNER | PHYSICIAN ASSISTANT | 50.00 |
Highest
|
$266,723 | $34,840 | $301,563 |
| LAURA J MEYER | NURSE PRACTITIONER | 48.00 |
Highest
|
$231,102 | $30,209 | $261,311 |
| SAMUEL G JOHNSON | PHYSICIAN ASSISTANT | 40.00 |
Highest
|
$204,453 | $28,825 | $233,278 |
| ANDREW E DORWART MD | FORMER SMG PRESIDENT | 0.00 |
|
$0 | $61,384 | $343,706 |
| THEODORE WEGLEITNER | FORMER PRESIDENT | 0.00 |
|
$0 | $13,842 | $283,494 |
| NATHAN S PULSCHER | FORMER VP ANCILLARY SERVICES | 0.00 |
|
$0 | $66,188 | $379,987 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $317,277 | $4,982,940 | $22,124,131 | $-4,665,663 |
| 2022 | $433,953 | $6,578,536 | $19,489,067 | $-6,144,583 |
| 2021 | $157,585 | $5,161,050 | $20,788,259 | $-5,003,465 |
| 2020 | $30,614 | $2,738,020 | $21,362,946 | $-2,707,406 |
| 2019 | $11,278 | $5,688,711 | $17,839,508 | $-5,677,433 |
| 2018 | $18,385 | $4,599,175 | $18,577,966 | $-4,580,790 |
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