HEALTHPARTNERS RC (EIN 844261122) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

NATHAN PULSCHER

Phone

9529935603

Tax Period

2023-01-01 to 2023-12-31

HEALTHPARTNERS RC, founded in 2020, is a mid-sized nonprofit in the Health Care sector that reported $40.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.2M, a strong 23% operating margin.

Mission

TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $699,740

Program Service Revenue $38,826,385

Investment Income $477,120

Other Revenue $180,206

TOTAL REVENUE $40,183,451

Expense Breakdown

Grants Paid $66,272

Salaries & Benefits $19,597,335

Fundraising Expenses $60,794

Program Expenses $27,112,200

Other Expenses $11,339,148

TOTAL EXPENSES $31,002,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,183,451	$35,457,209	+0.1%
Expenses	$31,002,755	$30,365,981	+0.0%
Net Income	$9,180,696	$5,091,228	+0.8%

Key Indicators

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

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

190

Volunteers

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

$1,271,354

Total Directors

$2,957,507

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRI BRODERIUS	DIRECTOR & CHAIR	0.50	Officer Director	$0	$0	$0
JEREMY FRANK	DIRECTOR, SEC. & TREASURER	0.50	Officer Director	$0	$0	$0
BRENDA HOLM	DIRECTOR	0.50	Director	$0	$0	$0
JAMES LYONS	DIRECTOR	0.50	Director	$0	$80,939	$462,214
CARIN MARTINSON MD	DIRECTOR & VPMA	44.50	Officer Director	$346,288	$53,935	$400,223
JENNIFER MYSTER	DIRECTOR	0.50	Director	$0	$140,179	$798,093
GREG SNOW	DIRECTOR & VICE CHAIR	0.50	Officer Director	$0	$0	$0
NATHAN S PULSCHER	DIRECTOR & PRESIDENT	0.50	Officer Director	$0	$66,188	$379,987
LISA HERGES	DIRECTOR	0.50	Director	$0	$0	$0
MATT WESTERLUND	DIRECTOR	0.50	Director	$0	$58,836	$391,362
AMY L DEWAYNE	DIRECTOR (JAN-APRIL)	0.50	Director	$0	$67,579	$525,628
NANCY ANDERSON	CFO, VP FINANCE	45.00	Officer	$209,639	$44,981	$254,620
JENNIFER MACIK	CNO, VP PATIENT CARE SVCS	57.00	Officer	$192,512	$44,012	$236,524
KELSEY J FISCHER	NURSE PRACTICIONER	42.00	Highest	$207,708	$46,724	$254,432
JON R KEMP	PHYSICIAN	45.00	Highest	$334,730	$53,767	$388,497
JASON C MABEE	NURSE ANESTHETIST	40.00	Highest	$334,129	$53,758	$387,887
MELISSA A MARVIN	PHYSICIAN	40.00	Highest	$207,112	$28,183	$235,295
JASON D RASMUSSEN	NURSE PRACTICIONER	36.00	Highest	$231,349	$47,963	$279,312
NATHAN BLAD	FORMER PRESIDENT	0.00		$0	$51,046	$353,202

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	$40,183,451	$31,002,755	$96,302,346	$9,180,696
2022	$35,457,209	$30,365,981	$82,644,354	$5,091,228
2021	$39,673,783	$29,374,845	$83,715,905	$10,298,938
2020	$23,207,867	$18,619,591	$72,875,988	$4,588,276

HEALTHPARTNERS RC