HUTCHINSON, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HUTCHINSON HEALTH, founded in 2007, is a major nonprofit in the Health Care sector that reported $102.3M in total revenue in fiscal year 2023. Expenses of $99.1M left a modest 3% surplus.
ADVANCING HEALTH WITH OUR COMMUNITY OF HUTCHINSON, MINNESOTA AND THE SURROUNDING AREA. WE PROVIDE A CARING, PERSONAL EXPERIENCE FOR EACH PATIENT AND LEAD IN PROMOTING HEALTH AND WELLNESS IN OUR COMMUNITY.
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE HUTCHINSON HEALTH (THE HOSPITAL) IS A MINNESOTA NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC")...
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE HUTCHINSON HEALTH (THE HOSPITAL) IS A MINNESOTA NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3), IS THE SOLE MEMBER OF HUTCHINSON HEALTH FOUNDATION 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. THE HOSPITAL CONSISTS OF A 66-LICENSED BED HOSPITAL, FOUR PROVIDER-BASED CLINICS (CANCER, ORTHOPEDIC, MENTAL HEALTH, AND MULTI-SPECIALTY) AND ONE RURAL HEALTH CLINIC. IT IS DESIGNATED A LEVEL 4 TRAUMA HOSPITAL AND HAS MEDICAL STAFF IN A VARIETY OF SPECIALTIES, INCLUDING FAMILY MEDICINE, INTERNAL MEDICINE, PEDIATRICS, OB/GYN WITH A LEVEL 1 NURSERY, GENERAL SURGERY, ORTHOPEDICS, OTOLARYNGOLOGY, MENTAL HEALTH, EMERGENCY MEDICINE, HOSPITAL MEDICINE, NEUROLOGY, ONCOLOGY, UROLOGY, CARDIOLOGY, RADIOLOGY, INFECTIOUS DISEASE, PULMONOLOGY, RHEUMATOLOGY, PODIATRY, NEPHROLOGY, AND PATHOLOGY. CHARITY CARE: CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTH CARE SERVICES PROVIDED TO PEOPLE WHO CANNOT AFFORD TO PAY AND WHO MEET THE ORGANIZATION'S FINANCIAL ASSISTANCE POLICY CRITERIA. THE HOSPITAL PROVIDED FREE OR DISCOUNTED CARE TO LOW-INCOME AND UNINSURED PATIENTS AT AN UNCOMPENSATED COST OF $1,448,827 IN 2023. GOVERNMENT-SPONSORED MEANS TESTED HEALTH CARE: THE HOSPITAL PROVIDED INPATIENT AND OUTPATIENT CARE, INCLUDING EMERGENCY DEPARTMENT SERVICE TO MEDICAID PATIENTS. A SHORTFALL IS CREATED WHEN PAYMENTS RECEIVED FOR THESE SERVICES ARE LESS THAN THE COST OF PROVIDING THE SERVICE. THE HOSPITAL HAD A SHORTFALL OF $3,768,969 IN 2023. COMMUNITY BENEFIT TO THE COMMUNITY: THE HOSPITAL WORKED IN COLLABORATIVE PARTNERSHIP WITH THE COMMUNITY TO IMPROVE HEALTH AND WELL-BEING. 1. COMMUNITY HEALTH SERVICES: THE HOSPITAL CONVENED AND PARTICIPATED IN COMMUNITY-BASED COLLABORATIVE EFFORTS TO IMPROVE ACCESS TO COMMUNITY AND MENTAL HEALTH SERVICES, INCLUDING: THE HOSPITAL HELD FOUR AMERICAN RED CROSS BLOOD DRIVES IN 2023 ON THE HOSPITAL CAMPUS, WITH 124 UNITS OF BLOOD COLLECTED. THE VOLUNTEER MATCH PROGRAM IS ONE WAY THE HOSPITAL LEADS IN PROMOTING THE HEALTH BENEFITS OF INDIVIDUALS WHO VOLUNTEER WHILE ALSO SUPPORTING THE IMPORTANT WORK BEING DONE IN OUR COMMUNITIES. FOR EVERY EMPLOYEE WHO VOLUNTEERS AT LEAST 25 HOURS PER YEAR WITH AN ELIGIBLE ORGANIZATION, THE HOSPITAL MAKES A $200 DONATION TO THAT ORGANIZATION. NINE APPLICATIONS WERE PROCESSED IN 2023 FOR A TOTAL OF $1,800 DONATED TO COMMUNITY ORGANIZATIONS. MENTAL HEALTH HELP LINE: 24-HOUR MENTAL HEALTH EMERGENCY PHONE-IN SERVICE STAFFED BY THE HOSPITAL MENTAL HEALTH PROFESSIONALS SERVING GREATER MINNESOTA. STAFF TIME DEDICATED TO THIS SERVICE IN 2023 TOTALED 50.58 HOURS.
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 | $102,318,250 | $95,451,677 | +0.1% |
| Expenses | $99,069,747 | $90,496,599 | +0.1% |
| Net Income | $3,248,503 | $4,955,078 | -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 |
|---|---|---|---|---|---|---|
| KURT W JUERGENSEN | DIRECTOR & TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL MAHON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT A STAPLES MD | DIRECTOR & CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK R SANNES MD | DIRECTOR | 1.00 |
Director
|
$0 | $169,547 | $1,169,434 |
| CATHERINE KATE A KLUGHERZ | DIRECTOR | 1.00 |
Director
|
$0 | $123,287 | $602,862 |
| JAMES P LYONS | PRESIDENT & DIRECTOR | 40.00 |
Officer
Director
|
$0 | $80,939 | $462,214 |
| CHRISTINA MOSES MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAM FISHER MD | DIR & CHIEF MED STAFF | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID BYRON MD | DIRECTOR & SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICOLE VANDENBERG MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG HANNEMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC LIPKE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC ZILGE | DIRECTOR | 1.00 |
Director
|
$0 | $50,019 | $401,426 |
| LENNIE ALBERS | DIRECTOR (JAN-DEC) | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES EPPEL | DIRECTOR (JAN-MAR) | 1.00 |
Director
|
$0 | $62,758 | $1,092,724 |
| PAMELA J LARSON | VP & CFO | 60.00 |
Officer
|
$276,928 | $45,394 | $322,322 |
| SUSAN J KARNITZ | VP PATIENT CARE & CNO | 40.00 |
Officer
|
$216,497 | $47,014 | $263,511 |
| TARA A DRAHOS | CHIEF OF CLINIC OPERATIONS | 50.00 |
Officer
|
$185,695 | $43,899 | $229,594 |
| BRIAN POLLMANN DO | CHIEF MEDICAL OFFICER | 1.00 |
Officer
|
$0 | $0 | $0 |
| MICHELLE R MAJERUS | VP OF OPERATIONS | 55.00 |
Officer
|
$207,531 | $40,504 | $248,035 |
| NANCY L EVERT | ASST. SECRETARY & GENERAL COUNSEL | 1.00 |
Officer
|
$0 | $238,674 | $1,049,946 |
| LAVANYA O BHOOPATHY | PHYSICIAN | 40.00 |
Highest
|
$413,060 | $65,801 | $478,861 |
| AMANDA R BLACK | PSYCHIATRIST | 70.00 |
Highest
|
$338,477 | $53,785 | $392,262 |
| STEVEN F SONNEK | PSYCHIATRIST | 60.00 |
Highest
|
$598,142 | $96,950 | $695,092 |
| NAVIN X NATARAJAN | PSYCHIATRIST | 55.00 |
Highest
|
$347,278 | $84,419 | $431,697 |
| HASSAN O KHIDR | PSYCHIATRIST | 50.00 |
Highest
|
$307,277 | $53,082 | $360,359 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $102,318,250 | $99,069,747 | $106,188,072 | $3,248,503 |
| 2022 | $95,451,677 | $90,496,599 | $96,428,945 | $4,955,078 |
| 2021 | $98,923,627 | $83,878,971 | $100,932,571 | $15,044,656 |
| 2020 | $84,470,809 | $78,312,895 | $98,676,128 | $6,157,914 |
| 2019 | $82,905,314 | $80,817,751 | $79,288,674 | $2,087,563 |
| 2018 | $94,532,203 | $86,635,222 | $63,527,393 | $7,896,981 |
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