BLOOMINGTON, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY.
HEALTHPARTNERS RC, DBA OLIVIA HOSPITAL AND CLINIC (OHC) IS A NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3). IS THE SOLE...
HEALTHPARTNERS RC, DBA OLIVIA HOSPITAL AND CLINIC (OHC) IS A NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3). IS THE SOLE MEMBER OF OLIVIA HOSPITAL FOUNDATION AND IS PART OF THE HEALTHPARTNERS ORGANIZATIONS ("HEALTHPARTNERS"). FOUNDED 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. OHC IS A MEDICAL CENTER DEDICATED TO PROVIDING QUALITY PATIENT CARE WITH A PASSION FOR CLINICAL EXCELLENCE, PATIENT SAFETY, AND A COMMITMENT TO ASSURE THE VERY BEST HEALTH CARE FOR THOSE WE SERVE. OHC IS CHANGING THE FACE OF RURAL HEALTH CARE; STRIVING TO BUILD A HEALTHIER TODAY AND TOMORROW FOR OUR COMMUNITIES WE ARE PROUD TO CALL HOME. OUR FOCUS IS NOT ONLY TO GETTING PATIENTS HEALTHY, BUT ALSO KEEPING OUR COMMUNITY WELL. IN 1951 THE RENVILLE COUNTY HOSPITAL WAS DEDICATED AND OPENED AS A NEW HEALTH OPPORTUNITY FOR RESIDENTS IN THE AREA. OVER THE YEARS, SERVICES HAVE EVOLVED, AND BUILDINGS HAVE BEEN RENOVATED TO MEET THE DYNAMIC NEEDS OF OUR COMMUNITY. IN 2007, RURAL HEALTH CLINICS LOCATED IN THE CITIES OF HECTOR, OLIVIA AND RENVILLE WERE INTEGRATED INTO THE HOSPITAL BUSINESS WHEN PRAIRIE FAMILY PRACTICE, A PHYSICIAN OWNED CLINIC SYSTEM, WAS PURCHASED BY THE HOSPITAL TO ESTABLISH WHAT WE RECOGNIZE TODAY AS THE OHV. IN 2015, A NEW MEDICAL CENTER IN OLIVIA OPENED. ON MAY 1, 2020, OHC, FORMERLY RC HOSPITAL & CLINICS, OFFICIALLY JOINED HEALTHPARTNERS. OHC, WHICH INCLUDES CLINICS IN HECTOR AND RENVILLE, HAS REMAINED A DISTINCT, LOCALLY GOVERNED ENTITY AS PART OF HEALTHPARTNERS. THROUGH THE AFFILIATION, OHC PATIENTS AND COMMUNITIES HAVE BETTER ACCESS TO MORE CARE OPTIONS AND SERVICES. HEALTHPARTNERS IS THE LARGEST CONSUMER-GOVERNED, NON-PROFIT HEALTH CARE ORGANIZATION IN THE NATION WITH A MISSION TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH MEMBERS, PATIENTS, AND THE COMMUNITY. TODAY OHC IS MADE UP OF: OUTPATIENT CLINICS IN OLIVIA, HECTOR, AND RENVILLE A 16-BED CRITICAL ACCESS HOSPITAL IN OLIVIA IN 2023, OHC HAD 150 EMPLOYEES ON AVERAGE THROUGHOUT THE YEAR. 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 $317,262.45 IN 2023. GOVERNMENT-SPONSORED MEANS TESTED HEALTH CARE: OHC 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. OHC HAD A SHORTFALL OF $278,467 IN 2023. COMMUNITY BENEFIT TO THE COMMUNITY: BETTER RURAL HEALTH CARE STARTS FROM THE GROUND UP. WE'RE MAKING OUR COMMUNITIES HEALTHIER WHEREVER WE CAN WHETHER THAT'S INSIDE A DOCTOR'S OFFICE OR AT YOUR LOCAL FARMER'S MARKET. WE'RE PROUD TO PARTNER WITH HOMETOWN COMMUNITY AND SERVICE ORGANIZATIONS, PUBLIC HEALTH EXPERTS, FRIENDS, NEIGHBORS, AND MORE. HEALTH PROFESSIONAL EDUCATION: OHC STAFF PROVIDED APPROXIMATELY 2,581 HOURS WITH 62 STUDENTS AS MENTORS FOR STUDENT PROFESSIONALS PURSUING VARIETY OF MEDICAL DEGREES. FINANCIAL CONTRIBUTIONS: -OHC DONATED A TOTAL OF $7,735 IN 2023 TO THE FOLLOWING ORGANIZATIONS: -AREA SCHOOLS, AREA COMMUNITY TOWN DAYS, RENVILLE COUNTY AG SOCIETY, TIM ORTH MEMORIAL FOUNDATION, RENVILLE COUNTY WALK IN THE PARK, ETC. COMMUNITY BUILDING ACTIVITIES: -OHC, ALONG WITH THE FOUNDATION PROVIDES LEADERSHIP AND PARTICIPATES IN SEVERAL STRATEGIC COMMUNITY COLLABORATIONS AND INITIATIVES, INCLUDING: COLLABORATING AND WORKING TO ADDRESS COMMUNITY HEALTH NEEDS WITH MANY LOCAL PARTNERS. -MN RURAL POPULATION HEALTH COLLABORATIVE, MN CARES (HEALTH CARE HOMES)- RENVILLE COUNTY CHA/CHIP, ETC. -PARTICIPATION IN COMMUNITY-BUILDING ACTIVITIES THAT SUPPORTED ECONOMIC DEVELOPMENT, EMERGENCY PREPAREDNESS, LEADERSHIP DEVELOPMENT, COALITION BUILDING, HEALTH IMPROVEMENT ADVOCACY AND WORKFORCE DEVELOPMENT. -ENGAGING WITH OUR LOCAL SHIP COORDINATOR TO FACILITATE COMMUNITY IMPROVEMENTS AND INITIATIVES, SUCH AS A SUPER FOOD SHELF, HEALTH, AND WELLNESS EFFORTS, AND MORE. COMMUNITY OUTREACH: COMMUNITY BLOOD DRIVES AT OHC. ENCOURAGING OUR STAFF TO DONATE BLOOD IN ADDITION TO OUR COMMUNITY MEMBERS. THESE EVENTS ARE HELD TWICE PER YEAR AT THE OLIVIA SITE. ADULT GRIEF SUPPORT GROUP CLASSES ARE HELD THROUGHOUT THE YEAR FOR ALL. IT'S A TIME FOR INDIVIDUALS TO EXPLORE, SHARE, PROCESS FEELING, AND RECEIVE COMFORT AND COMPANIONSHIP. THESE CLASSES ARE HELD IN PERSON AT OHC. COMMUNITY BENEFIT OPERATIONS: OHC STAFF'S TIME TO COLLECT, ANALYZE AND REPORT COMMUNITY BENEFITS FOR 2023 WAS APPROXIMATELY 32 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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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