STILLWATER MEDICAL GROUP

EIN: 830379473 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$317,277
Total Expenses
$4,982,940
Total Assets
$22,124,131
Net Assets
$16,989,185
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
ALITA R RISINGER
Phone
9528836584
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

TO MEET THE HEALTHCARE NEEDS OF INDIVIDUALS, FAMILIES & COMMUNITIES OF THE ST. CROIX VALLEY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,750
Program Service Revenue $21,796
Investment Income $113,718
Other Revenue $172,013
TOTAL REVENUE $317,277

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,441,838
Other Expenses $4,982,940
TOTAL EXPENSES $4,982,940

Year-over-Year Comparison

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%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
8
Employees
354
Volunteers
8

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
9
$3,787,133
Total Directors
18
$4,342,961
Key Employees
0
$0
Highest Compensated
5
reported
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
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 $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
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare STILLWATER MEDICAL GROUP with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.