Park Nicollet Health Services
- Assets
- $608.7m
- Revenue
- $167.4m
- Investments
- $0.0
- Employees
- 11,085
- Location
- St Louis Park, MN
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 36-3465840
Organization Overview
Park Nicollet Health Services is located in St Louis Park, MN. The organization was established in 2011. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Park Nicollet Health Services employed 11,085 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Park Nicollet Health Services 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 12/2021, Park Nicollet Health Services generated $167.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $164.7m during the year ending 12/2021. While expenses have increased by 8.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Park Nicollet Group Return -See Sch Highest Compensated Employ | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,447,466 |
| 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 | $4,447,466 |
| Total Program Service Revenue | $162,921,593 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,440,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,450 |
| 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. | $9,631,644 |
| Compensation of current officers, directors, key employees. | $9,631,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,478,004 |
| Pension plan accruals and contributions | $268,271 |
| Other employee benefits | $581,662 |
| Payroll taxes | $726,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,070 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,574,411 |
| Advertising and promotion | $2,112,313 |
| Office expenses | $822,988 |
| Information technology | $417,673 |
| Royalties | $0 |
| Occupancy | $6,305,347 |
| Travel | $86,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,910 |
| Interest | $938,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,755,532 |
| Insurance | $1,197,935 |
| All other expenses | $866,813 |
| Total functional expenses | $164,667,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,761 |
| Savings and temporary cash investments | $404,281,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,592,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $774,578 |
| Net Land, buildings, and equipment | $48,144,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,134,827 |
| Intangible assets | $0 |
| Other assets | $5,602,188 |
| Total assets | $608,681,389 |
| Accounts payable and accrued expenses | $581,158,772 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $36,783,925 |
| Total liabilities | $617,942,697 |
| Net assets without donor restrictions | -$9,261,308 |
| 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 | $608,681,389 |
Grants Awarded
Over the last fiscal year, Park Nicollet Health Services has awarded $35,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Eagan, MN PURPOSE: PROGRAM SUPPORT | $15,000 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $11,500 |
Richfield, MN PURPOSE: PROGRAM SUPPORT | $8,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Park Nicollet Health Services has recieved totaling $28,855.
| Awarding Organization | Amount |
|---|---|
Funeral Service Foundation Inc Brookfield, WI PURPOSE: SCHOOL BASED GRIEF SUPPORT | $22,855 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $6,000 |
Endowment Analysis
| Beg. Balance | $263,522 |
| Net Contributions | $23,364 |
| Ending Balance | $286,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gundersen Lutheran Administrative Services Inc La Crosse, WI | $1,235,621,372 | $953,342,080 |
Mercy Health Services Iowa Corp Mason City, IA | $937,001,767 | $829,323,680 |
Aurora Health Care Inc Milwaukee, WI | $4,608,404,718 | $666,695,867 |
Inclusa Inc Stevens Point, WI | $163,276,844 | $696,118,730 |
Froedtert & Community Health Inc Milwaukee, WI | $2,857,726,016 | $675,461,810 |
Mayo Clinic Rochester, MN | $311,934,704 | $436,452,129 |
Centracare Health System St Cloud, MN | $602,692,177 | $458,863,566 |
Trinity Health & Affiliates Minot, ND | $820,361,355 | $399,267,245 |
Mayo Clinic Rochester, MN | $378,538,838 | $313,497,491 |
Park Nicollet Health Services St Louis Park, MN | $608,681,389 | $167,440,964 |
Prohealth Care Inc Waukesha, WI | $1,736,578,007 | $187,367,757 |
Lakewood Health System Staples, MN | $153,437,720 | $115,022,151 |