University of Minnesota Physicians
93% goes to programs Thin reserves Growing revenue
University of Minnesota Physicians is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 1997, with $903,048,414 in FY2023 revenue. CharityIndex grades it B+, and it directs about 93% of spending to programs.
720 Washington Ave Se Ste 200, Minneapolis, MN, 55414 EIN 41-1843943 Since 1997
Revenue (FY2023)
$903.0M
▲ 0.0% vs prior year
Health median: $840K
Expenses (FY2023)
$909.1M
Net assets
$75.3M
Employees
5,846
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 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 →A+Program efficiency40% of the rating93% 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 Physicians: 93% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 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 University of Minnesota Physicians: 1 mo reserves · -1% margin earns a C+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Physicians: 5 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 Physicians: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide the highest quality healthcare to patients and their families.
Contact & location
- Address
- 720 Washington Ave Se Ste 200, Minneapolis, MN, 55414
- City
- Minneapolis
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $490.7M (FY2013) to $903.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $211.5MNet assets $75.3M
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$286.8M
Total liabilities
$211.5M
Net assets
$75.3M
Salaries & benefits
$823.6M
91% of expenses
Board members
18
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $903,048,414 | $909,135,379▲4.1% | $75,333,979▼30.7% | $286,805,724▼7.2% | 990 |
| 2022 | $902,949,353▲12.2% | $873,243,046▲9.0% | $108,781,458▲9.8% | $309,059,998▲15.1% | 990 |
| 2021 | $804,479,557▲11.8% | $801,477,284▲13.7% | $99,096,697▼19.5% | $268,522,073▲1.0% | 990 |
| 2020 | $719,799,425▲2.4% | $704,665,769▲4.4% | $123,070,219▲3.0% | $265,968,943▲1.5% | 990 |
| 2019 | $702,714,868▲9.1% | $675,036,594▲7.6% | $119,446,660▲18.6% | $262,112,916▲13.1% | 990 |
| 2018 | $644,353,161▲9.0% | $627,493,287▲5.8% | $100,685,121▲2.3% | $231,825,478▲9.8% | 990 |
| 2017 | $591,056,584▲6.4% | $593,201,146▲7.9% | $98,411,080▼14.3% | $211,134,369▲5.5% | 990 |
| 2016 | $555,367,364▲6.4% | $549,575,645▲6.1% | $114,840,226▼7.4% | $200,066,105▼2.6% | 990 |
| 2015 | $521,783,450▲8.2% | $517,852,617▲9.8% | $124,053,674▲6.4% | $205,379,392▲14.5% | 990 |
| 2014 | $482,192,512▼1.7% | $471,579,802▲0.9% | $116,577,543▲9.7% | $179,426,062▼3.2% | 990 |
| 2013 | $490,662,458 | $467,268,222▲6.3% | $106,252,324▲27.9% | $185,320,492▲17.3% | 990 |
| 2012 | — | $439,547,521▲7.3% | $83,085,170▲17.3% | $157,926,969▲6.3% | 990 |
| 2011 | — | $409,751,466▲11.0% | $70,820,000▲8.1% | $148,541,609▲14.2% | 990 |
| 2010 | — | $369,049,145▲1.3% | $65,542,081▲6.2% | $130,097,423▲3.6% | 990 |
| 2009 | — | $364,365,004 | $61,714,454 | $125,618,221 | 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 (FY2023)
Highest-paid: Christopher Martin — $1,882,911 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher Martin | Employed Physician | 20 | $1,882,911 |
| Rosemary Kelly | Employed Physician | 20 | $1,453,114 |
| Pranava Sinha | Employed Physician | 20 | $1,357,872 |
| Matthew Hunt | Employed Physician | 20 | $1,008,993 |
| Tushar Vora | Employed Physician | 20 | $926,221 |
| Joel Boyd | Director and Employed Physician | 20 | $659,038 |
| Sayeed Ikramuddin | Director and Employed Physician | 20 | $559,365 |
| Bevan Yueh | Ceo | 20 | $553,591 |
| Denis Clohisy | Physician & Board Vice Chair | 20 | $478,309 |
| Jessica Kuehn-hajder | Director and Employed Physician | 20 | $458,031 |
| Nick Nyhus | Chief Administrative Officer | 40 | $420,889 |
| Rahel Ghebre | Physician & Board Secretary | 20 | $306,868 |
| Amy Reed Termed 723 | Director and Employed Physician | 20 | $305,665 |
| Joseph Neglia | Director and Employed Physician | 20 | $256,235 |
| Catherine Bendel | Director and Employed Physician | 20 | $221,650 |
| Naomi Fujioka | Director and Employed Physician | 20 | $195,161 |
| Elizabeth Seaquist | Director and Employed Physician | 20 | $126,450 |
| Kathryn Kacey Justesen | Director and Employed Physician | 20 | $103,339 |
| Jakub Tolar | Physician & Board Chair | 20 | $37,058 |
| Dee Thibodeau | Community Board Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Regents of the University of Minnesota | Clinical/academic | $413,243,247 |
| Fairview Health Services | Lab/nursing Services | $9,174,981 |
| Rightsourcing Inc | Lab/nursing Services | $2,205,706 |
| Kraus-anderson Construction Company | Construction | $2,059,043 |
| Vervint LLC | It | $2,035,582 |
Grants received · $22.8M total
29 grants to University of Minnesota Physicians totaling $22.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Medical Association | Innovation groundwork teams grant to improve medical education | 2024 | $30,000 |
| University of Minnesota Foundation | Fund grant to support the university of minnesota physicians mill city clinic. | 2024 | $6,283 |
| Johns Hopkins University | Sub-award | 2023 | $3,216,223 |
| University of Minnesota Foundation | Fund grant to support the university of minnesota physicians mill city clinic. | 2023 | $10,262 |
| University of Minnesota Foundation | Fund grant to support the university of minnesota physicians mill city and broadway clinics. | 2022 | $213,750 |
| Johns Hopkins University | Sub-award | 2021 | $4,014,379 |
| University of Minnesota Foundation | Fund grant to support the university of minnesota physicians mill city and broadway clinics | 2021 | $295,743 |
| American Medical Association | Innovation grant award | 2021 | $30,000 |
| Johns Hopkins University | Sub-award | 2020 | $2,762,665 |
| American Endowment Foundation | Programs | 2020 | $15,000 |
| University of Minnesota Foundation | Fund grant to support the university of minnesota physicians mill city clinic | 2020 | $6,695 |
| Johns Hopkins University | Sub-award | 2019 | $5,007,603 |
| American Endowment Foundation | Programs | 2019 | $20,000 |
| University of Minnesota Foundation | Fund grant to support the university of minnesota physicians mill city clinic. | 2019 | $7,056 |
| Johns Hopkins University | Sub-award | 2018 | $2,576,496 |
Grants made · $9.1M in FY2023
1 grant totaling $9.1M in FY2023. All grants made by University of Minnesota Physicians →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Minnesota | Education & research | $9,138,381 |
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Frequently asked questions
- Is University of Minnesota Physicians a legitimate nonprofit?
- Yes. University of Minnesota Physicians is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1843943, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is University of Minnesota Physicians's EIN?
- University of Minnesota Physicians's Employer Identification Number (EIN) is 41-1843943.
- How much revenue does University of Minnesota Physicians report?
- University of Minnesota Physicians reported $903,048,414 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University of Minnesota Physicians's spending goes to programs?
- University of Minnesota Physicians spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of Minnesota Physicians have?
- CharityIndex grades University of Minnesota Physicians B+, based on program efficiency and fundraising cost.
- How much does University of Minnesota Physicians's highest-paid employee make?
- The highest reported compensation on University of Minnesota Physicians's latest Form 990 is $1,882,911, paid to Christopher Martin (Employed Physician).
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Data for University of Minnesota Physicians (EIN 41-1843943) 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.