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 12/2022, Park Nicollet Health Services employed 11,316 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 12/2022, Park Nicollet Health Services generated $180.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $190.4m during the year ending 12/2022. While expenses have increased by 9.6% 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 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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Park Nicollet Group Return -See Sch Directors | Trustee | 55 | $990,654 |
Park Nicollet Group Return -See Sch Officers | Officer | 55 | $7,955,953 |
Park Nicollet Group Return -See Sch Highest Compensated | 0 | $0 | |
Park Nicollet Group Return -See Sch Former | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $0 |
Total Program Service Revenue | $179,776,053 |
Investment income | $327,238 |
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 | $180,138,315 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $9,811 |
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. | $10,427,430 |
Compensation of current officers, directors, key employees. | $10,427,430 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,283,794 |
Pension plan accruals and contributions | $129,683 |
Other employee benefits | $281,176 |
Payroll taxes | $350,990 |
Fees for services: Management | $0 |
Fees for services: Legal | $120,615 |
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 | $122,782,821 |
Advertising and promotion | $2,271,692 |
Office expenses | $1,005,772 |
Information technology | $35,624 |
Royalties | $0 |
Occupancy | $8,826,270 |
Travel | $105,885 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $25,401 |
Interest | $1,241,883 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,944,670 |
Insurance | $1,141,122 |
All other expenses | $958,623 |
Total functional expenses | $190,399,246 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,144,977 |
Savings and temporary cash investments | $486,185,601 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $20,200,904 |
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 | $1,236,264 |
Net Land, buildings, and equipment | $46,513,564 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $83,950,071 |
Intangible assets | $0 |
Other assets | $11,749,401 |
Total assets | $653,980,782 |
Accounts payable and accrued expenses | $616,376,446 |
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 | $57,368,355 |
Total liabilities | $673,744,801 |
Net assets without donor restrictions | -$19,764,019 |
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 | $653,980,782 |
Over the last fiscal year, Park Nicollet Health Services has awarded $35,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
ACADEMY OF THE HOLY ANGEL PURPOSE: PROGRAM SUPPORT | $8,500 |
REGIONS HOSPITAL FOUNDATION PURPOSE: PROGRAM SUPPORT | $11,500 |
USTA NORTHERN PURPOSE: PROGRAM SUPPORT | $15,000 |