Portico Healthnet
Only null% goes to programs Growing revenue
Portico Healthnet is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 1995, with $3,332,660 in FY2024 revenue. CharityIndex grades it B.
2925 Chicago Avenue South Ste 094, Minneapolis, MN, 55407 EIN 41-1814659 Since 1995
Revenue (FY2024)
$3.3M
▲ 22.7% vs prior year
Health median: $840K
Expenses (FY2024)
$3.2M
Net assets
$940K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Portico Healthnet— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating3 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 Portico Healthnet: 3 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Portico Healthnet— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Portico Healthnet: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2925 Chicago Avenue South Ste 094, Minneapolis, MN, 55407
- City
- Minneapolis
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Website
- …
Financial trends
Revenue grew from $3.1M (FY2013) to $3.3M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $213KNet assets $940K
Operating margin
3.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2M
Total liabilities
$213K
Net assets
$940K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,332,660▲22.7% | $3,223,951▲13.2% | $940,222▲13.1% | $1,153,091▲17.8% | 990 |
| 2023 | $2,715,620▲31.3% | $2,848,971▲33.0% | $831,513▼13.8% | $979,034▼12.6% | 990 |
| 2022 | $2,068,909▼9.5% | $2,142,078▲5.7% | $964,864▼7.0% | $1,120,252▼4.3% | 990 |
| 2021 | $2,286,158▲27.4% | $2,025,669▼1.7% | $1,038,033▲68.8% | $1,170,975▲12.9% | 990 |
| 2019 | $1,794,227▼17.5% | $2,060,325▼5.8% | $614,872▼30.2% | $1,036,978 | 990 |
| 2018 | $2,174,313▼19.3% | $2,186,707▼24.7% | $880,970▼1.4% | $1,036,536▼16.9% | 990 |
| 2017 | $2,695,598▲31.2% | $2,905,282▲6.1% | $893,364▼15.8% | $1,246,799▼20.2% | 990 |
| 2016 | $2,054,969▼41.6% | $2,738,039▼8.1% | $1,060,802▼39.2% | $1,562,702▼34.7% | 990 |
| 2015 | $3,521,540▲13.5% | $2,979,953▼9.7% | $1,743,872▲45.0% | $2,391,831▲34.4% | 990 |
| 2014 | $3,102,315▼0.3% | $3,299,664▲2.2% | $1,202,285▼14.1% | $1,779,606▼10.5% | 990 |
| 2013 | $3,111,069 | $3,227,350▲20.0% | $1,399,634▼7.7% | $1,989,452▼2.9% | 990 |
| 2012 | — | $2,689,565 | $1,515,915 | $2,048,475 | 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.
Grants received · $4.6M total
48 grants to Portico Healthnet totaling $4.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Community health education | 2024 | $100,000 |
| Delta Dental of Minnesota | Dental care access 2024/2025 | 2024 | $33,500 |
| Stratacor | Dental care access 2024, dental care access 2025 | 2024 | $33,500 |
| Saint Paul & Minnesota Foundation | Multiple grants for programs, operations, or other purposes | 2023 | $110,000 |
| Stratacor | Dental care access | 2023 | $37,500 |
| Delta Dental of Minnesota | Dental care access | 2023 | $37,500 |
| Childrens Health Care | Outreach & enrollment services | 2022 | $30,000 |
| Saint Paul & Minnesota Foundation | Multiple grants for multiple purposes | 2022 | $25,000 |
| Group Health Inc | Program support | 2021 | $75,000 |
| Ucare Foundation | Financial support to prepare for the influx of medical assistance and minnesotacare enrollees who will need assistance renewing their coverage when the current public health emergency ends. | 2021 | $75,000 |
| Stratacor | Insurance and dental care coordination for low-income individuals and families | 2021 | $50,000 |
| North Memorial Health Care | To support charitable purpose of organization | 2021 | $50,000 |
| Delta Dental of Minnesota | Insurance and dental care coordination for low-income individuals and families | 2021 | $50,000 |
| Saint Paul & Minnesota Foundation | Multiple grants for multiple purposes | 2021 | $30,000 |
| North Memorial Health Care | To support charitable purpose of organization | 2020 | $50,000 |
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Frequently asked questions
- Is Portico Healthnet a legitimate nonprofit?
- Yes. Portico Healthnet is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1814659, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Portico Healthnet's EIN?
- Portico Healthnet's Employer Identification Number (EIN) is 41-1814659.
- How much revenue does Portico Healthnet report?
- Portico Healthnet reported $3,332,660 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Portico Healthnet have?
- CharityIndex grades Portico Healthnet B, based on financial health (reserves and operating margin).
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Data for Portico Healthnet (EIN 41-1814659) 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.