Park Nicollet
501(c)(3) Donations tax-deductible
90% goes to programs $0 to raise $100 Strong reserves Growing revenue
Park Nicollet is a 501(c)(3) organization based in St Louis Park, Minnesota, registered in 2011, with $2,192,407,935 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
6500 Excelsior Blvd, St Louis Park, MN, 55426 EIN 45-5023260 Since 2011
Revenue (FY2024)
$2.2B
▲ 9.5% vs prior year
Expenses (FY2024)
$2.1B
Net assets
$1.2B
Employees
11,915
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% 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 Park Nicollet: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +3% 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 Park Nicollet: 7 mo reserves · +3% margin earns a A 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 Park Nicollet: 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 Park Nicollet: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To improve health and well-being in partnership with our members, patients and community
What they do
Park nicollet health care products is part of park nicollet health services, a nonprofit integrated care delivery system, staffed by nationally recognized hospital and clinic doctors, clinical professionals, nurses, researchers and other staff at park nicollet methodist hospital and park nicollet clinic who help patients stay healthy and take care of patients when they are sick. park nicollet health care products is a supporting organization within park nicollet methodist hospital and park nicollet clinic, providing durable medical equipment (dme)/supplies and pharmaceuticals supporting ongoing patient care. park nicollet health care products focus on the health, healing and learning of patients by providing easy access to products and services that support successful self-management of a health condition at home. the products support both short term acute conditions and chronic lifelong conditions, such as eyewear, hearing aids, cpap machines and many products that cross into almost every medical subspecialty.park nicollet health care products is an entity within park nicollet health services providing durable medical equipment (dme)/supplies supporting ongoing patient care. hcp partners with your clinician to provide products and services to help you live more comfortably.the health and care stores, which meet a growing demand for self-care products and services, located within park nicollet clinics, include: health & care store offering dme products at 6 locations, hearing center & store with 4 locations, cpap clinic/store with 4 locations and breastfeeding center, (1 location within the meadowbrook health & care store), orthotics & prosthetics clinic with 3 locations. the contact lens and optical store @ park nicollet health care products, which meet growing demand for self-care eyeware and services, are at these park nicollet clinic sites: bloomington, brookdale, burnsville, carlson parkway (minnetonka), chanhassen, maple grove, minneapolis, shakopee, and st. louis park. we also produce our own eye ware in hcp's optical lab.the pharmacy @ park nicollet meets growing demand for self-care products and services. the pharmacies are at these park nicollet clinic locations: bloomington, brookdale, burnsville, carlson parkway (minnetonka), chanhassen, eagan, maple grove, minneapolis, st. louis park, tria, and wayzata as well as heart and vascular center and meadowbrook at the park nicollet methodist hospital.the patient care experience does not end at the hospital or clinic door. patients have many self-care needs to manage both their acute and chronic health conditions, and park nicollet health care products is expanding its capacity to better serve these growing needs. major accomplishments for 2015 include: enhanced product assortments available for patients especially patients living with chronic health conditions such as diabetes, cancer, and bone and joint disease. a robust dme point of sale, financial reporting, inventory, and billing system for better patient service and ease of obtaining their prescriptions educated physicians and care provider's about services and products to better link solutions for patient health care needs, including annual staff skills review for dme applications. developed standardized provider referrals to assure that patients have the products needed as they go home from clinic or hospital. updated e-commerce web site for dme, to make it easier for providers and patients to locate and purchase health care products. enhanced optical product assortments available for patients, especially patients living with chronic health conditions affecting their vision. enhanced optical benefit program offered to pn employees to increase the affordability of eyewear. educated physicians and care providers about health care stores product offerings to better link patient health care needs to product solutions, including smoking cessation. development of additional services in maple grove, health and care store
Contact & location
- Address
- 6500 Excelsior Blvd, St Louis Park, MN, 55426
- City
- St Louis Park
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.3B (FY2013) to $2.2B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $418.3MNet assets $1.2B
Operating margin
3.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6B
Total liabilities
$418.3M
Net assets
$1.2B
Salaries & benefits
$1.4B
68% of expenses
Board members
16
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,192,407,935▲9.5% | $2,119,364,377▲5.3% | $1,221,810,054▲8.3% | $1,640,149,605▼5.9% | 990 |
| 2023 | $2,002,440,411▲4.7% | $2,012,619,825▲7.9% | $1,128,662,438▲2.6% | $1,743,781,100▲12.2% | 990 |
| 2022 | $1,913,283,965▲1.9% | $1,865,440,563▲8.4% | $1,099,640,475▼1.6% | $1,554,745,941▼9.4% | 990 |
| 2021 | $1,876,897,170▲14.9% | $1,720,278,836▲9.1% | $1,117,687,075▲17.4% | $1,715,897,380▲14.8% | 990 |
| 2020 | $1,633,575,634▼5.3% | $1,577,009,180▼4.8% | $951,693,344▲10.2% | $1,495,285,312▲12.5% | 990 |
| 2019 | $1,725,735,169▲4.5% | $1,655,687,939▲6.0% | $863,769,313▲14.5% | $1,328,602,033▲10.5% | 990 |
| 2018 | $1,650,690,067▲7.8% | $1,562,656,758▲4.9% | $754,118,412▲8.1% | $1,202,718,237▲5.5% | 990 |
| 2017 | $1,531,108,883▲5.2% | $1,489,539,020▲6.4% | $697,934,413▲12.6% | $1,139,713,547▲6.1% | 990 |
| 2016 | $1,454,922,083▲7.0% | $1,399,356,489▲2.2% | $619,807,227▼0.1% | $1,073,865,245▼3.4% | 990 |
| 2015 | $1,359,991,590▲3.3% | $1,368,839,756▲10.1% | $620,454,297▼3.0% | $1,111,149,840▼0.2% | 990 |
| 2014 | $1,316,051,985▲3.9% | $1,242,992,633▲1.9% | $639,345,557▲11.8% | $1,113,263,061▲9.7% | 990 |
| 2013 | $1,266,479,390 | $1,220,002,816▲3.4% | $572,117,252▲14.3% | $1,014,855,016▲7.6% | 990 |
| 2012 | — | $1,180,032,097▲2.1% | $500,331,890▲14.3% | $943,062,738▲1.9% | 990 |
| 2011 | — | $1,155,746,690 | $437,734,142 | $925,315,895 | 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: Kevin J Mullaney — $1,432,882 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin J Mullaney | Orthopedic Surgeon | 50 | $1,432,882 |
| Christine M Pui Md | Vice Chair Orthopedics | 50 | $1,416,067 |
| Gregory R Hildebrand Md | Orthopedic Surgeon | 60 | $1,400,060 |
| Daniel Gatlin | Physician, Gen Surgery | 58 | $1,351,108 |
| Eric M Rohman | Orthopedic Surgeon | 60 | $1,306,054 |
| Nathan G Blad | Former President Olivia Hospital | 0 | $220,734 |
| Alita Risinger | Cfo | 0.5 | — |
| Amy Langer | Director | 3 | — |
| Ana Ruby Lee | Director | 2.4 | — |
| Andrea M Walsh | President & Ceo | 20 | — |
| Brad Wozney Md | Director | 2.4 | — |
| David Lagerstrom | Director | 3 | — |
| Deborah Hopp | Director & Vice Chair | 3.8 | — |
| Heidi G Conrad | Former Vp & Cfo | 0 | — |
| James P Lyons | President Hutchinson Health (jan-nov) | 0 | — |
| Jennifer L Myster | President Methodist Hospital | 54.5 | — |
| Kathleen Kelley | Director | 4 | — |
| Laura Liu | Director | 3.2 | — |
| Mark R Sannes Md | Exc Medical Director | 0.5 | — |
| Megan M Remark | Chief Operating Officer (mar-dec) | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Intereum Healthcare Staffing | Staffing | $6,061,769 |
| Favorite Healthcare Staffing | Staffing | $5,936,205 |
| Harvard Services Group Inc | Janitorial and Building Services | $4,846,810 |
| Health Systems Cooperative Laundries | Laundry Services | $3,919,965 |
| Prescription Landscape | Landscape/snow Removal | $3,338,480 |
Grants received · $66K total
2 grants to Park Nicollet totaling $66K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Emergency equipment upgrade | 2015 | $35,000 |
| Hennepin Healthcare System Inc | Emergency prep | 2014 | $30,722 |
Grants made · $25K in FY2022
1 grant totaling $25K in FY2022. All grants made by Park Nicollet →
| Recipient | Purpose | Amount |
|---|---|---|
| Nami Minnesota | Program support | $25,000 |
Frequently asked questions
- Is Park Nicollet a legitimate nonprofit?
- Yes. Park Nicollet is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-5023260, based in St Louis Park, Minnesota. Donations are tax-deductible.
- What is Park Nicollet's EIN?
- Park Nicollet's Employer Identification Number (EIN) is 45-5023260.
- How much revenue does Park Nicollet report?
- Park Nicollet reported $2,192,407,935 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Park Nicollet's spending goes to programs?
- Park Nicollet spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Park Nicollet have?
- CharityIndex grades Park Nicollet A, based on program efficiency and fundraising cost.
- How much does Park Nicollet's highest-paid employee make?
- The highest reported compensation on Park Nicollet's latest Form 990 is $1,432,882, paid to Kevin J Mullaney (Orthopedic Surgeon).
More nonprofits in St Louis Park
Explore more
Data for Park Nicollet (EIN 45-5023260) 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.