University of Minnesota Health Clinics and Surgery Center Inc
80% goes to programs Thin reserves Declining revenue
University of Minnesota Health Clinics and Surgery Center Inc is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 2014, with $173,022,208 in FY2024 revenue. CharityIndex grades it C, and it directs about 80% of spending to programs.
909 Fulton Street Se Suite 200, Minneapolis, MN, 55455 EIN 46-5444821 Since 2014
Revenue (FY2024)
$173.0M
▲ 3.4% vs prior year
Health median: $840K
Expenses (FY2024)
$203.1M
Net assets
-$123.9M
Employees
0
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 rating80% to programs
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 University of Minnesota Health Clinics and Surgery Center Inc: 80% to programs earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -17% 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 University of Minnesota Health Clinics and Surgery Center Inc: 0 mo reserves · -17% margin earns a F 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 University of Minnesota Health Clinics and Surgery Center Inc: 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 University of Minnesota Health Clinics and Surgery Center Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Joint venture to provide breakthrough medicine and transform the health of the community using the power of an integrated academic health system.
Contact & location
- Address
- 909 Fulton Street Se Suite 200, Minneapolis, MN, 55455
- City
- Minneapolis
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $100.2M (FY2017) to $173.0M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $238.4MNet assets -$123.9M
Operating margin
-17.4%
Spent more than it raised in the latest fiscal year.
Total assets
$114.5M
Total liabilities
$238.4M
Net assets
-$123.9M
Salaries & benefits
$0
0% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $173,022,208▲3.4% | $203,121,031▼9.0% | -$123,896,829▼32.1% | $114,459,195▼7.8% | 990 |
| 2023 | $167,301,882▲10.8% | $223,174,831▲14.9% | -$93,798,006▼147% | $124,195,222▼7.5% | 990 |
| 2022 | $151,004,254▼35.3% | $194,199,203▲3.5% | -$37,925,057▼820% | $134,296,737▼23.8% | 990 |
| 2021 | $233,411,583▲88.1% | $187,565,108▲12.4% | $5,269,892▲113% | $176,197,118▲8.9% | 990 |
| 2020 | $124,056,264▼47.0% | $166,863,837▼19.3% | -$40,576,583▼1920% | $161,862,298▲7.5% | 990 |
| 2019 | $233,984,854▲103% | $206,732,023▲40.0% | $2,228,990▲109% | $150,545,796▼9.7% | 990 |
| 2018 | $115,054,399▲14.8% | $147,694,288▲12.2% | -$25,023,841▼429% | $166,780,460▲7.2% | 990 |
| 2017 | $100,242,769 | $131,589,046 | $7,616,048 | $155,609,296 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bevan Yueh Md | Director | 1 | — |
| Jakub Tolar | Board Chair | 1 | — |
| James Hereford | Treasurer and Secretary | 1 | — |
| Jaya Kumar Md | Director | 1 | — |
| Jeoff Will | Director | 1 | — |
| Joe Gaylord | Director | 1 | — |
| Mark Welton Md | Director (thru 4/2024) | 1 | — |
| Myron Frans | Director | 1 | — |
| William Sibert | Director, Cfo | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fairview Health Services | Clinical Services | $96,198,619 |
| University of Minnesota Physicians | Leased Employees | $80,735,785 |
| Hhs LLC | Facilities Mgmt | $2,145,204 |
| Siemens Medical Solutions Inc | Equip Rental/maint | $918,783 |
| Health Systems Coop Laundries | Facilities Mgmt | $459,183 |
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Compare University of Minnesota Health Clinics and Surgery Center Inc
Frequently asked questions
- Is University of Minnesota Health Clinics and Surgery Center Inc a legitimate nonprofit?
- Yes. University of Minnesota Health Clinics and Surgery Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-5444821, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is University of Minnesota Health Clinics and Surgery Center Inc's EIN?
- University of Minnesota Health Clinics and Surgery Center Inc's Employer Identification Number (EIN) is 46-5444821.
- How much revenue does University of Minnesota Health Clinics and Surgery Center Inc report?
- University of Minnesota Health Clinics and Surgery Center Inc reported $173,022,208 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of University of Minnesota Health Clinics and Surgery Center Inc's spending goes to programs?
- University of Minnesota Health Clinics and Surgery Center Inc spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of Minnesota Health Clinics and Surgery Center Inc have?
- CharityIndex grades University of Minnesota Health Clinics and Surgery Center Inc C, based on program efficiency and fundraising cost.
- How much does University of Minnesota Health Clinics and Surgery Center Inc's highest-paid employee make?
- The highest reported compensation on University of Minnesota Health Clinics and Surgery Center Inc's latest Form 990 is $0, paid to Bevan Yueh Md (Director).
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Data for University of Minnesota Health Clinics and Surgery Center Inc (EIN 46-5444821) 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.