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
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Financial Vulnerability Assessment (Tuckman-Chang)

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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.

Program Service Accomplishments

Program 1
Expenses: $4,441,838 Revenue: $21,796

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...

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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.

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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 $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
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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
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