Hennepin Healthcare System Inc
89% goes to programs $0 to raise $100 Thin reserves Growing revenue
Hennepin Healthcare System Inc is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 2007, with $1,709,796,054 in FY2024 revenue. CharityIndex grades it C+, and it directs about 89% of spending to programs.
701 Park Avenue P-1, Minneapolis, MN, 55415 EIN 42-1707837 Since 2007
Revenue (FY2024)
$1.7B
▲ 10.0% vs prior year
Health median: $840K
Expenses (FY2024)
$1.7B
Net assets
-$884K
Employees
8,681
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating89% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hennepin Healthcare System Inc: 89% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hennepin Healthcare System Inc: 0 mo reserves · -1% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hennepin Healthcare System Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hennepin Healthcare System Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
We partner with our community, our patients, and their families to ensure outstanding care for everyone, while improving health and wellness through teaching, patient and community education, and research.
What they do
Education & training: the center for learning integration excels in coordinating, designing, and integrating learning throughout the healthcare system with the priority goal to improve quality, safety, and experience outcomes for all stakeholders. hennepin healthcare system, inc. (hhs) also operates the interdisciplinary simulation and education center, a training center that hosts educational programs for nurses, physicians, pre-hospital providers, and other allied health professionals from hhs and across the region. it is a guided, safe environment for healthcare professionals to simulate practice of real-life medical situations and procedures via state-of-the-art simulation equipment. hhs emphasizes training the future healthcare workforce to meet community health needs. the advanced practice provider professional center provides organizational structure for nurse practitioners and physician assistants. hhs cooperates with metropolitan state university to provide the dental therapist program which focuses on advanced dental therapy training opportunities in general and pediatric dentistry as well as oral surgery. community physicians and other practitioners from across minnesota come to hhs for continuing medical education training courses. hhs also conducts on-site training at the request of rural hospitals and clinics and has established relationships with other designated trauma centers and emergency departments across minnesota. the hhs emergency department maintains a free online database of diverse teaching materials including instructional videos, lectures, critical care conference presentations and videos, medical blogs, and educational links, all utilized by practitioners around the world.
Research: research focus includes addiction medicine and tobacco dependence treatment, bone infections and healing, cancer biology, chronic kidney diseases, cognitive issues in aging, diabetes and obesity, disparities in health care delivery and outcomes, emergency medicine, heart failure, hiv/aids, liver disease, pediatric disease prevention, food security, transplant availability and outcomes, and traumatic brain injury. the hennepin healthcare foundation connects the generosity of the community to the mission of hennepin healthcare system, inc.
Contact & location
- Address
- 701 Park Avenue P-1, Minneapolis, MN, 55415
- City
- Minneapolis
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $789.2M (FY2013) to $1.7B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $817.6MNet assets -$884K
Operating margin
-0.6%
Spent more than it raised in the latest fiscal year.
Total assets
$816.7M
Total liabilities
$817.6M
Net assets
-$884K
Salaries & benefits
$961.2M
56% of expenses
Board members
12
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,709,796,054▲10.0% | $1,719,315,271▲6.8% | -$883,549▼111% | $816,695,986▲6.8% | 990 |
| 2023 | $1,554,670,883▲8.8% | $1,609,599,129▲10.4% | $7,696,142▼86.4% | $764,932,865▼5.4% | 990 |
| 2022 | $1,429,182,475▲5.2% | $1,457,616,429▲11.0% | $56,566,306▼39.4% | $808,614,378▼2.9% | 990 |
| 2021 | $1,359,047,890▲11.9% | $1,313,741,792▲12.0% | $93,319,930▲90.0% | $832,495,372▲0.6% | 990 |
| 2020 | $1,214,727,754▲9.0% | $1,172,924,796▲3.7% | $49,113,887▲420% | $827,542,550▲16.5% | 990 |
| 2019 | $1,114,694,494▲4.8% | $1,130,712,653▲7.7% | $9,442,393▼60.9% | $710,586,782▼0.9% | 990 |
| 2018 | $1,063,176,845▲5.1% | $1,049,460,841▲1.8% | $24,123,638▲976% | $717,064,687▲2.7% | 990 |
| 2017 | $1,011,205,846▲4.0% | $1,031,093,347▲2.9% | -$2,754,531▼116% | $697,953,710▲17.7% | 990 |
| 2016 | $972,075,434▲6.0% | $1,002,147,032▲12.8% | $17,184,473▼69.4% | $593,091,017▲14.5% | 990 |
| 2015 | $916,849,567▲9.9% | $888,214,629▲7.9% | $56,138,346▼81.7% | $517,851,291▼3.7% | 990 |
| 2014 | $834,378,919▲5.7% | $822,909,671▲1.2% | $307,441,155▲3.9% | $537,723,414▲12.0% | 990 |
| 2013 | $789,202,230 | $813,450,832▲8.4% | $295,894,966▼7.4% | $480,179,554▼1.8% | 990 |
| 2012 | — | $750,152,153▲24.8% | $319,629,630▲3.3% | $488,785,676▲6.5% | 990 |
| 2011 | — | $600,982,253▲1.9% | $309,460,134▲12.6% | $458,763,204▲6.8% | 990 |
| 2010 | — | $589,829,716 | $274,856,061 | $429,395,423 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Thomas Bergman Md — $1,161,851 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas Bergman Md | Physician Division Chair | 40 | $1,161,851 |
| Walter Galicich Md | Physician-managing | 40 | $1,049,370 |
| Jennifer Decubellis Ma | Chief Executive Officer | 40 | $927,516 |
| Xiao Wang Md | Physician-radiology Diagnostic | 40 | $859,776 |
| Asad Irfanullah Md | Physician-radiology Ir | 40 | $845,183 |
| Prateek Sahgal Md | Physician-mng-radiology | 40 | $844,942 |
| Andrew Schmidt Md | Cmo (interim) (until 5/24) | 40 | $608,539 |
| Thomas Wyatt Md | Director/physician (until 4/24) | 40 | $560,366 |
| Arti Prasad Md | Director/physician | 40 | $534,273 |
| Lisa Anderson CPA Inactive | Chief Financial Officer | 40 | $477,460 |
| Meghan Walsh Md | Chief Academic and Research Officer | 40 | $475,382 |
| Wendy Stulac-motzel | Chief Operating Officer | 40 | $463,458 |
| Theresa Pesch Rn | Vp Philanthropy Hhf President | 2 | $431,214 |
| Karen Strauman | Chief Nursing Officer | 40 | $403,093 |
| Nathaniel Scott Md | Chief Clinical Officer | 40 | $394,455 |
| Nneka Sederstrom Phd Mph Ma Fcc | Chief Health Equity Officer | 40 | $357,307 |
| Eric Ling Md | Chief Medical Officer (eff. 5/24) | 40 | $316,146 |
| Tom Klemond Md Directorvp | Medical Affairs (eff. 6/24) | 40 | $280,710 |
| Abdirahman Abdi | Cao (eff. 6/24) | 40 | $216,883 |
| Babette Apland | Director (until 9/24) | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Shiftwise Inc | Workforce Management | $11,011,707 |
| Standard Construction LLC | Construction Contractor | $10,696,092 |
| Regents of the University of Minnesota | Education and Training | $8,125,149 |
| Northern Air Corporation | Mechanical and Electrical Contractor | $7,492,742 |
| The Chappelle Group LLC | Business Management | $5,795,292 |
Grants received · $1.9M total
28 grants to Hennepin Healthcare System Inc totaling $1.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2024 | $325,873 |
| American Heart Association Inc | Stroke prevention programs | 2024 | $10,000 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy24 center of excellence/research | 2023 | $50,000 |
| American Society of Health-system Pharmacists | The grant is provided to the employers of the ashp presidential officers, if requested, to offset support costs that the institution may incur during their election term. | 2023 | $15,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,750 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2023 | $5,760 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy23 center of excellence/research | 2022 | $25,000 |
| American Society of Health-system Pharmacists | See part iv for column (h) descriptionthe grant is provided to the employers of the ashp presidential officers, if requested, to offset support costs that the institution may incur during their election term. | 2022 | $15,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $26,700 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $26,700 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy22 center of excellence/research | 2021 | $25,000 |
| American Society of Health-system Pharmacists | The grant is provided to the employers of the ashp presidential officers, if requested, to offset support costs that the institution may incur during their election term. | 2021 | $15,000 |
| Ucare Foundation | Immunization community clinic | 2021 | $12,650 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $116,850 |
| American Online Giving Foundation Inc | General support | 2020 | $19,098 |
Grants made · $610K in FY2024
22 grants totaling $610K in FY2024 — showing the 15 largest. All grants made by Hennepin Healthcare System Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Hennepin Healthcare Research Institute | Research program support | $300,000 |
| University of Minnesota | Education | $138,578 |
| Masa Consulting Inc | Emergency preparedness | $27,236 |
| Allina Health System | Emergency preparedness | $17,575 |
| Ridgeview Medical Center | Emergency preparedness | $11,918 |
| Eig Fund II | Next step program | $10,920 |
| Regents of the University of Minnesota | Hart | $10,000 |
| Childrens Health Care | Emergency preparedness | $9,424 |
| Fairview Health Services | Emergency preparedness | $7,425 |
| Five 15 Limited Partnership | Next step program | $7,390 |
| Wits Group LLC | Next step program | $6,800 |
| Regions Hospital | Emergency preparedness | $6,523 |
| Northfield Hospital | Emergency preparedness | $5,959 |
| Park Nicollet Health Services | Emergency preparedness | $5,959 |
| Lakeview Memorial Hospital Association Inc | Emergency preparedness | $5,959 |
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Frequently asked questions
- Is Hennepin Healthcare System Inc a legitimate nonprofit?
- Yes. Hennepin Healthcare System Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1707837, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Hennepin Healthcare System Inc's EIN?
- Hennepin Healthcare System Inc's Employer Identification Number (EIN) is 42-1707837.
- How much revenue does Hennepin Healthcare System Inc report?
- Hennepin Healthcare System Inc reported $1,709,796,054 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hennepin Healthcare System Inc's spending goes to programs?
- Hennepin Healthcare System Inc spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hennepin Healthcare System Inc have?
- CharityIndex grades Hennepin Healthcare System Inc C+, based on program efficiency and fundraising cost.
- How much does Hennepin Healthcare System Inc's highest-paid employee make?
- The highest reported compensation on Hennepin Healthcare System Inc's latest Form 990 is $1,161,851, paid to Thomas Bergman Md (Physician Division Chair).
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Explore more
Data for Hennepin Healthcare System Inc (EIN 42-1707837) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.