North Memorial Health Care
- Assets
- $597.7m
- Revenue
- $782.4m
- Investments
- $112.6m
- Employees
- 5,401
- Location
- Robbinsdale, MN
- Founding
- 03/1941
- Data as of
- 12/2022
- EIN
- 41-0729979
Organization Overview
North Memorial Health Care is located in Robbinsdale, MN. The organization was established in 1941. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, North Memorial Health Care employed 5,401 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Memorial Health Care is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, North Memorial Health Care generated $782.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $782.6m during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING OUR CUSTOMERS TO ACHIEVE THEIR BEST HEALTH.
Describe the Organization's Program Activity:
"NORTH MEMORIAL HEALTH CARE DBA NORTH MEMORIAL HEALTH IS A HEALTHCARE SYSTEM THAT INCLUDES A GENERAL ACUTE CARE HOSPITAL PROVIDING HIGHLY SPECIALIZED TRAUMA AND EMERGENCY SERVICES, CORONARY CARE, OPEN HEART SURGERY, ONCOLOGY, HIGH RISK MATERNITY AND NEONATAL CARE AND GENERAL MEDICAL: SURGICAL, OBSTETRICAL, PEDIATRIC, REHABILITATION, BEHAVIORAL HEALTH, MEDICAL TRANSPORTATION AND SPECIALTY CARE CLINICS. NORTH MEMORIAL HEALTH'S MISSION IS EMPOWERING ITS CUSTOMERS TO ACHIEVE THEIR BEST HEALTH. IN ADDITION TO CHARITY AND UNCOMPENSATED CARE, NORTH MEMORIAL HEALTH ALSO PROVIDES NUMEROUS COMMUNITY BENEFITS (AT NO COST OR BELOW COST) IN FURTHERANCE OF ITS CHARITABLE PURPOSE. NORTH MEMORIAL HEALTH OFFERS VARIOUS COMMUNITY-BASED PROGRAMS INCLUDING HEALTH SCREENINGS, SUPPORT COUNSELING FOR PARENTS AND FAMILIES, PASTORAL CARE, CRISIS INTERVENTION, TRANSPORTATION TO AND FROM THE HOSPITAL CAMPUS, AND THE DONATION OF SPACE FOR USE BY COMMUNITY GROUPS. ADDITIONALLY, A LARGE NUMBER OF HEALTH-RELATED EDUCATIONAL PROGRAMS ARE PROVIDED FOR THE BENEFIT OF THE COMMUNITY, INCLUDING WELLNESS SEMINARS AND CLASSES ON SPECIFIC CONDITIONS. NORTH MEMORIAL HEALTH ALSO PROVIDES MEDICAL CARE WITHOUT CHARGE OR AT REDUCED COSTS TO RESIDENTS OF ITS COMMUNITY, PRIMARILY THROUGH (A) THE DIFFERENCES BETWEEN PUBLIC PROGRAM PAYMENTS (PRIMARILY MEDICARE AND MEDICAID) AND THE RELATED COSTS OF PROVIDING SUCH SERVICES, AND (B) SERVICES PROVIDED TO PATIENTS EXPRESSING A WILLINGNESS TO PAY BUT WHO ARE DETERMINED UNABLE TO PAY BECAUSE OF ECONOMIC FACTORS. IN ADDITION, NORTH MEMORIAL HEALTH CONTRIBUTES TO FUNDING MEDICAL CARE FOR THE UNINSURED THROUGH PAYMENT OF PATIENT SERVICE TAXES, WHICH INCLUDE THE MEDICAID SURCHARGE AND THE MINNESOTA CARE TAX ON CERTAIN NET REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Kevin Croston MD CEO North Memorial | OfficerTrustee | 40 | $1,741,361 |
Tim Baylor Board Member | Trustee | 2 | $10,000 |
Bruce Christensen Board Member | Trustee | 2 | $10,000 |
Robert Dahl Board Member | Trustee | 2 | $10,000 |
Ted Ferrara Board Member | Trustee | 2 | $10,000 |
Andrew Houlton MD Board Member | Trustee | 2 | $10,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trellis Rx Llc Pharmacy Optimization | 12/30/22 | $4,675,677 |
Favorite Healthcare Staffing Temporary Staffing | 12/30/22 | $21,289,140 |
Respiratory Consultants Pa Intensivists Staffing | 12/30/22 | $5,322,530 |
Regents Of University Of Mn Physician Services | 12/30/22 | $4,271,409 |
Epic Software Maintenance | 12/30/22 | $4,238,197 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,722,644 |
| Government grants | $14,400,788 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,766,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,889,891 |
| Total Program Service Revenue | $741,905,030 |
| Investment income | $5,785,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $607,896 |
| Net Gain/Loss on Asset Sales | $13,239,487 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $782,427,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $207,291 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,489,252 |
| Compensation of current officers, directors, key employees. | $5,489,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,554,245 |
| Pension plan accruals and contributions | $20,390,799 |
| Other employee benefits | $40,512,258 |
| Payroll taxes | $24,319,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,575,690 |
| Fees for services: Accounting | $195,335 |
| Fees for services: Lobbying | $263,036 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $945,489 |
| Fees for services: Other | $62,265,818 |
| Advertising and promotion | $3,232,152 |
| Office expenses | $6,465,356 |
| Information technology | $19,991,564 |
| Royalties | $0 |
| Occupancy | $18,173,615 |
| Travel | $1,128,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,705,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,986,117 |
| Insurance | $9,295,916 |
| All other expenses | $539,823 |
| Total functional expenses | $782,577,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,200 |
| Savings and temporary cash investments | $850,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,012,047 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,976,854 |
| Prepaid expenses and deferred charges | $10,842,457 |
| Net Land, buildings, and equipment | $171,138,586 |
| Investments—publicly traded securities | $200,578,839 |
| Investments—other securities | $112,558,640 |
| Investments—program-related | $0 |
| Intangible assets | $250,000 |
| Other assets | $10,353,849 |
| Total assets | $597,651,900 |
| Accounts payable and accrued expenses | $102,980,443 |
| Grants payable | $0 |
| Deferred revenue | $526,381 |
| Tax-exempt bond liabilities | $61,781,771 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,497,210 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,494,966 |
| Total liabilities | $223,280,771 |
| Net assets without donor restrictions | $374,371,129 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $597,651,900 |
Grants Awarded
Over the last fiscal year, North Memorial Health Care has awarded $182,470 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CREATIVE CUTURAL EXCHANGE PURPOSE: IN SUPPORT OF PROJECT "WECARE" | $144,970 |
NORTHSIDE ACHIEVEMENT ZONE PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION | $7,500 |
GAY LESBIAN BISEXUAL TRANSGENDER PRIDE TWIN CITIES PURPOSE: TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION | $20,000 |
WILSON'S IMAGE COLLEGE PURPOSE: TO SUPPORT LIVE YOUR HEALTHY LYFE EVENT | $10,000 |