Minnesota Hospital Association
- Assets
- $27.3m
- Revenue
- $16.7m
- Investments
- $1.8m
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 08/1963
- Data as of
- 12/2022
- EIN
- 41-0637595
Organization Overview
Minnesota Hospital Association is located in Saint Paul, MN. The organization was established in 1963. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Hospital Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Minnesota Hospital Association generated $16.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $16.1m during the year ending 12/2022. While expenses have increased by 6.0% 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.
Since 2015, Minnesota Hospital Association has awarded 251 individual grants totaling $4,608,468. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MINNESOTA HOSPITAL ASSOCIATION IS TO ADVANCE THE HEALTH OF INDIVIDUALS AND COMMUNITIES THROUGH LEADERSHIP, ADVOCACY AND COLLABORATION ON BEHALF OF MINNESOTA HOSPITALS AND HEALTH SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: PROVIDED PROFESSIONAL DEVELOPMENT, LEADERSHIP TRAINING, AND CONTINUING EDUCATION PROGRAMS TO HOSPITAL AND HEALTH SYSTEM LEADERS AND STAFF THROUGH WEBINARS, IN-PERSON SEMINARS, AND CONFERENCES.
QUALITY AND PATIENT SAFETY: MHA PARTNERS WITH MHA MEMBERS TO IMPLEMENT EVIDENCE-BASED PRACTICES TO REDUCE PATIENT HARM ACROSS THE BOARD, INCLUDING HOSPITAL ACQUIRED INFECTIONS, MEDICATION AND SURGICAL EVENTS, AND OTHER ADVERSE HEALTH EVENTS. MHA MAINTAINS A ROBUST INFRASTRUCTURE OF STATEWIDE COMMITTEES ON TOPICS INCLUDING SURGERY, HEALTH CARE ASSOCIATED INFECTIONS, SEPSIS, FALLS, PRESSURE INJURIES, MEDICATION SAFETY, AND PATIENT AND FAMILY ENGAGEMENT. MHA ALSO CONVENES NUMEROUS LEARNING NETWORKS AND CONFERENCES FOR HEALTH SYSTEMS TO LEARN AND TO ACT TOGETHER TO IMPROVE PATIENT CARE THROUGHOUT MINNESOTA. MHA WORKS TO LEARN AND SPREAD BEST PRACTICES BY PARTNERING WITH OTHER ORGANIZATIONS AND STAKEHOLDERS IN MINNESOTA AND NATIONALLY, INCLUDING THE MINNESOTA DEPARTMENTS OF HEALTH AND HUMAN SERVICES AND QUALITY IMPROVEMENT ORGANIZATIONS.
DATA AND INFORMATION SERVICES: MHA COLLECTS AND PROVIDES DATA RESOURCES FOR MEMBERS, POLICY MAKERS, RESEARCHERS, AND OTHERS. THESE RESOURCES INCLUDE ANNUAL FINANCIAL SUMMARY DATA THROUGH THE HEALTH CARE COST INFORMATION SYSTEM (HCCIS) - AN ONLINE ANALYTICS PLATFORM BASED ON ADMINISTRATIVE CLAIMS - AND HEALTHCARE WORKFORCE DEMOGRAPHICS AND TRENDS. MHA ALSO ANALYZES POLICY PROPOSALS TO GAUGE POTENTIAL IMPACT ON HOSPITALS AND THEIR PATIENTS. MHA COLLECTS AND ANALYZES PROCESS AND OUTCOME DATA USING A WEB-BASED QUALITY DATA PORTAL. MHA ALSO PROVIDES DATA RESOURCES TO THE STATE OF MINNESOTA DEPARTMENTS OF HEALTH AND HUMAN SERVICES, AND THE STATES OF NEW JERSEY AND VERMONT. THE EXTENSION OF THESE SERVICES TO OTHER STATES BENEFITS MINNESOTA HOSPITALS AND HEALTH SYSTEMS BY BROADENING THE GEOGRAPHICAL AND STATISTICAL BASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rahul Koranne MD President & CEO | OfficerTrustee | 32 | $713,936 |
James Hereford Chair | OfficerTrustee | 0.7 | $0 |
Rachelle Schultz Edd Chair Elect | OfficerTrustee | 0.5 | $0 |
Steve Underdahl Immediate Past Chair | OfficerTrustee | 0.7 | $0 |
David C Herman MD Secretary-Treasurer | OfficerTrustee | 0.7 | $0 |
J Kevin Croston MD Standing Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tunheim Partners Inc Public Relations | 12/30/19 | $573,100 |
Coulombe Healthcare Consulting Consulting | 12/30/19 | $104,832 |
Financial Statements
| 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 | $16,437,874 |
| Investment income | $186,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,537 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,743,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $432,585 |
| 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. | $2,421,994 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,436,123 |
| Pension plan accruals and contributions | $275,937 |
| Other employee benefits | $333,736 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,884 |
| Fees for services: Accounting | $22,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,841 |
| Fees for services: Other | $8,268,548 |
| Advertising and promotion | $10,269 |
| Office expenses | $71,557 |
| Information technology | $620,487 |
| Royalties | $0 |
| Occupancy | $355,283 |
| Travel | $32,654 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,974 |
| Insurance | $26,574 |
| All other expenses | $31,511 |
| Total functional expenses | $16,112,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,022,383 |
| Savings and temporary cash investments | $222,164 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,366,517 |
| 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 | $81,134 |
| Net Land, buildings, and equipment | $13,480 |
| Investments—publicly traded securities | $10,625,207 |
| Investments—other securities | $1,764,601 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,076 |
| Total assets | $27,303,562 |
| Accounts payable and accrued expenses | $479,228 |
| Grants payable | $0 |
| Deferred revenue | $5,509,399 |
| 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 | $786,657 |
| Total liabilities | $6,775,284 |
| Net assets without donor restrictions | $20,528,278 |
| 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 | $27,303,562 |
Grants Awarded
Over the last fiscal year, Minnesota Hospital Association has awarded $84,239 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ST OTTO'S CARE CENTER INC PURPOSE: SUMMER HEALTHCARE INTERNSHIP PROGRAM | $6,336 |
M HEALTH FAIRVIEW ST JOHN'S HOSPITAL PURPOSE: SUMMER HEALTHCARE INTERNSHIP PROGRAM | $5,100 |
JOHNSON MEMORIAL HEALTH SERVICES PURPOSE: SUMMER HEALTHCARE INTERNSHIP PROGRAM | $5,700 |
HH OPERATIONS DBA OAK HILL ASSISTED LIVING PURPOSE: SUMMER HEALTHCARE INTERNSHIP PROGRAM | $8,393 |
WOODWINDS HEALTH CAMPUS PURPOSE: SUMMER HEALTHCARE INTERNSHIP PROGRAM | $5,100 |
M HEALTH FAIRVIEW RIDGES HOSPITAL PURPOSE: SUMMER HEALTHCARE INTERNSHIP PROGRAM | $5,100 |