Regions Hospital
90% goes to programs $0 to raise $100 Strong reserves Growing revenue
Regions Hospital is a 501(c)(3) organization based in Bloomington, Minnesota, registered in 1987, with $1,127,937,107 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
8170 33rd Ave S, Bloomington, MN, 55425 EIN 41-0956618 Since 1987
Revenue (FY2024)
$1.1B
▲ 6.5% vs prior year
Health median: $840K
Expenses (FY2024)
$1.1B
Net assets
$874.3M
Employees
7,374
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 Regions Hospital: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +4% 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 Regions Hospital: 10 mo reserves · +4% 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 Regions Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Regions Hospital: 4 of 5 disclosure signals earns a A 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.
Mission
To improve the health of our patients and community by providing high quality health care.
Contact & location
- Address
- 8170 33rd Ave S, Bloomington, MN, 55425
- City
- Bloomington
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $642.9M (FY2013) to $1.1B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $361.9MNet assets $874.3M
Operating margin
3.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$361.9M
Net assets
$874.3M
Salaries & benefits
$625.4M
58% of expenses
Board members
16
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,127,937,107▲6.5% | $1,086,742,564▲9.3% | $874,254,865▲6.3% | $1,236,160,456▲5.0% | 990 |
| 2023 | $1,059,136,492▲12.5% | $993,890,827▲7.1% | $822,443,944▲13.4% | $1,176,881,850▲8.1% | 990 |
| 2022 | $941,330,911▲0.5% | $927,637,142▲7.2% | $725,473,983▼3.3% | $1,088,798,516▼5.4% | 990 |
| 2021 | $936,558,758▲12.3% | $865,417,504▲9.5% | $749,957,037▲11.0% | $1,151,249,927▲2.1% | 990 |
| 2020 | $834,208,150▼0.1% | $790,161,523▼0.5% | $675,860,660▲9.0% | $1,128,052,150▲14.6% | 990 |
| 2019 | $834,995,997▲3.7% | $794,425,573▲2.0% | $619,834,147▲10.6% | $984,406,424▲7.0% | 990 |
| 2018 | $805,358,194▲1.9% | $778,838,024▲4.9% | $560,386,452▲4.7% | $919,719,473▲10.3% | 990 |
| 2017 | $790,084,817▲5.8% | $742,702,098▲3.2% | $535,292,609▲12.6% | $833,799,368▲7.1% | 990 |
| 2016 | $746,720,728▲5.6% | $719,842,517▲5.2% | $475,496,453▲7.5% | $778,811,016▲3.4% | 990 |
| 2015 | $706,994,772▲2.2% | $684,304,282▲5.1% | $442,309,642▲4.3% | $753,107,610▲1.4% | 990 |
| 2014 | $691,661,547▲7.6% | $650,811,487▲6.9% | $424,122,099▲10.4% | $742,673,959▲4.4% | 990 |
| 2013 | $642,947,830 | $608,776,093▲3.6% | $384,050,369▲15.2% | $711,106,045▲9.1% | 990 |
| 2012 | — | $587,707,977▲2.5% | $333,435,423▲19.9% | $651,956,468▲5.3% | 990 |
| 2011 | — | $573,516,299▲5.8% | $278,132,373▲18.9% | $619,040,593▲6.5% | 990 |
| 2010 | — | $541,917,125 | $233,854,667 | $581,135,565 | 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: Tyler R Schmidtz — $440,930 (0.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tyler R Schmidtz | Vp East Metro Surgery | 49 | $440,930 |
| Derrick M Berndt | Nurse Anesthetist | 50 | $382,056 |
| Emily C Blomberg | President (jul-dec) | 49.5 | $381,025 |
| Rochelle Johnson | Vp Pcs & Cno | 49.5 | $370,670 |
| Anthony C Grundhauser | Vp Regions Foundation | 45 | $357,318 |
| Naly T Yang | Nurse Anesthetist | 50 | $344,725 |
| Chelsea L Gibbs | Nurse Anesthetist | 50 | $328,273 |
| John M Clark | Vp Finance | 49.5 | $326,638 |
| Todd Molenaar | Nurse Anesthetist | 50 | $313,372 |
| Acooa Ellis | Director | 0.23 | — |
| Alita Risinger | Cfo | 2.5 | — |
| Andrea M Walsh | Director | 0.5 | — |
| Armando Camacho | Director & Vice Chair | 0.39 | — |
| Becca Hagen | Director | 0.41 | — |
| Bret C Haake Md | Vpma & Cmo | 0.5 | — |
| Carleen Rhodes | Director | 0.23 | — |
| Debra A Rudquist | Vp & Amery President | 0.5 | — |
| Heidi G Conrad | Former Cfo | 0 | — |
| Jennifer G Hines Md | Director | 0.5 | — |
| Jerome C Siy Md | Director | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Kraus-anderson Const Co | Construction | $12,517,900 |
| University of Minnesota | Physician Services | $12,171,089 |
| Language Line Solutions | Interpreter | $3,888,988 |
| Welltower Inc | Property Management | $3,856,702 |
| Health Systems Coop Laundries | Cleaning & Laundry | $3,617,940 |
Grants received · $429K total
25 grants to Regions Hospital totaling $429K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Stroke prevention programs | 2024 | $10,000 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2024 | $6,523 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2023 | $54,853 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2022 | $8,559 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2022 | $8,559 |
| Centracare Health System | Little moments count fund - to advance early brain development work | 2021 | $25,000 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2021 | $13,801 |
| Centracare Health System | Little moments count fund - to advance early brain development work. | 2020 | $25,000 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2020 | $22,205 |
| Centracare Health System | Little moments count fund - to advance early brain development work. | 2019 | $25,000 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2019 | $23,193 |
| Gillette Childrens Specialty Health Care | Family birth center | 2019 | $15,000 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2018 | $12,093 |
| Gillette Childrens Specialty Health Care | Pain treatment care outreach | 2018 | $10,000 |
| American Heart Association Inc | Equipment upgrade | 2017 | $28,000 |
Grants made · $363K in FY2024
2 grants totaling $363K in FY2024. All grants made by Regions Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Charities of the Archdiocese of St Paul & Mpls | Program support | $353,196 |
| Society of North American Refugee Healthcare Providers | Program support | $10,000 |
Similar organizations in Health
Health
St Cloud Hospital
Saint Cloud, MN
$1.1B
Aannual revenue
Health
Childrens Health Care
Minneapolis, MN
$1.2B
Aannual revenue
Health
North Memorial Health Care
Robbinsdale, MN
$998.7M
Aannual revenue
Health
University of Minnesota Physicians
Minneapolis, MN
$903.0M
B+annual revenue
Health
Smdc Medical Center
Duluth, MN
$796.4M
A+annual revenue
Health
Group Health Inc
Bloomington, MN
$1.5B
B+annual revenue
Health
National Marrow Donor Program
Minneapolis, MN
$666.7M
Aannual revenue
Centracare Health System
Saint Cloud, MN
$577.8M
Aannual revenue
St Marys Medical Center
Duluth, MN
$563.8M
Aannual revenue
Health
Hennepin Healthcare System Inc
Minneapolis, MN
$1.7B
C+annual revenue
Compare Regions Hospital
Frequently asked questions
- Is Regions Hospital a legitimate nonprofit?
- Yes. Regions Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-0956618, based in Bloomington, Minnesota. Donations are tax-deductible.
- What is Regions Hospital's EIN?
- Regions Hospital's Employer Identification Number (EIN) is 41-0956618.
- How much revenue does Regions Hospital report?
- Regions Hospital reported $1,127,937,107 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Regions Hospital's spending goes to programs?
- Regions Hospital spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Regions Hospital have?
- CharityIndex grades Regions Hospital A, based on program efficiency and fundraising cost.
- How much does Regions Hospital's highest-paid employee make?
- The highest reported compensation on Regions Hospital's latest Form 990 is $440,930, paid to Tyler R Schmidtz (Vp East Metro Surgery).
More nonprofits in Bloomington
Explore more
Data for Regions Hospital (EIN 41-0956618) 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.