Maple Grove Hospital Corporation
- Assets
- $150.5m
- Revenue
- $263.1m
- Investments
- $0.0
- Employees
- 1,433
- Location
- Maple Grove, MN
- Founding
- 04/2007
- Data as of
- 12/2022
- EIN
- 20-8316475
Organization Overview
Maple Grove Hospital Corporation is located in Maple Grove, MN. The organization was established in 2007. 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, Maple Grove Hospital Corporation employed 1,433 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maple Grove Hospital Corporation 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, Maple Grove Hospital Corporation generated $263.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $224.8m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER OUR CUSTOMERS TO ACHIEVE THEIR BEST HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAPLE GROVE HOSPITAL IS A GENERAL, ACUTE CARE HOSPITAL PROVIDING EMERGENCY SERVICES, MATERNITY AND NEONATAL CARE, AND GENERAL MEDICAL-SURGICAL, OBSTETRICAL, AND PEDIATRIC SERVICES. MAPLE GROVE HOSPITAL'S MISSION IS EMPOWERING ITS CUSTOMERS TO ACHIEVE THEIR BEST HEALTH.IN ADDITION TO CHARITY AND UNCOMPENSATED CARE, MAPLE GROVE HOSPITAL ALSO PROVIDES NUMEROUS COMMUNITY BENEFITS (AT NO COST OR BELOW COST) IN FURTHERANCE OF ITS CHARITABLE PURPOSE INCLUDING HEALTH RELATED EDUCATIONAL PROGRAMS: SAFETY FAIRS, CAR SEAT CLINICS, MENTAL HEALTH AND FIRST AID CLASSES, AND ASTHMA EDUCATION IN ELEMENTARY SCHOOLS. MAPLE GROVE HOSPITAL PROVIDES MEDICAL CARE WITHOUT CHARGE OR AT REDUCED COSTS TO RESIDENTS OF ITS COMMUNITY PRIMARILY THROUGH (A) THE DIFFERENCE 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, MAPLE GROVE HOSPITAL CONTRIBUTES TO FUNDING MEDICAL CARE FOR THE UNINSURED THROUGH PAYMENT OF PATIENT SERVICES 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 President And CEO | OfficerTrustee | 2 | $0 |
Dan Fromm Treasurer And CFO | OfficerTrustee | 2 | $0 |
Samantha Hanson Director | Trustee | 2 | $0 |
Carolyn Ogland MD Director | Trustee | 2 | $0 |
James Hereford Director | Trustee | 2 | $0 |
Robert Beacher Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Healthcare Temp Staffing | 12/30/22 | $5,029,343 |
Fairview Health Services Physician Services | 12/30/22 | $1,621,461 |
Minnesota Neonatal Specialists Physician Services | 12/30/22 | $1,227,333 |
Totalmed Staffing Inc Physician Services | 12/30/22 | $1,176,656 |
Medical Solutions Llc Physician Services | 12/30/22 | $1,001,174 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $33,397 |
| Government grants | $2,321,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,354,667 |
| Total Program Service Revenue | $260,546,983 |
| Investment income | $228,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$52,775 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,077,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,723,730 |
| Pension plan accruals and contributions | $2,919,896 |
| Other employee benefits | $10,885,562 |
| Payroll taxes | $5,736,486 |
| Fees for services: Management | $27,192,367 |
| Fees for services: Legal | $39,770 |
| Fees for services: Accounting | $50,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,439,403 |
| Advertising and promotion | $67,683 |
| Office expenses | $2,345,283 |
| Information technology | $150,294 |
| Royalties | $0 |
| Occupancy | $2,930,013 |
| Travel | $20,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,143,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,843,774 |
| Insurance | $2,228,222 |
| All other expenses | $806,603 |
| Total functional expenses | $224,834,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,350 |
| Savings and temporary cash investments | $27,876,764 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,408,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,685,068 |
| Prepaid expenses and deferred charges | $1,456,015 |
| Net Land, buildings, and equipment | $70,777,221 |
| Investments—publicly traded securities | $14,850,909 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,428,080 |
| Total assets | $150,483,922 |
| Accounts payable and accrued expenses | $15,179,235 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $105,745,738 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,756,910 |
| Total liabilities | $124,681,883 |
| Net assets without donor restrictions | $25,802,039 |
| 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 | $150,483,922 |