Duluth Clinic Ltd
- Assets
- $135.1m
- Revenue
- $205.2m
- Investments
- $5.5m
- Employees
- 1,034
- Location
- Duluth, MN
- Founding
- 06/1988
- Data as of
- 06/2022
- EIN
- 41-0883623
Organization Overview
Duluth Clinic Ltd is located in Duluth, MN. The organization was established in 1988. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2022, Duluth Clinic Ltd employed 1,034 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duluth Clinic Ltd 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 06/2022, Duluth Clinic Ltd generated $205.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $196.6m during the year ending 06/2022. While expenses have increased by 2.0% 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
WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES.
Describe the Organization's Program Activity:
THE DULUTH CLINIC, LTD. IS CREATED & ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES TO ADVANCE THE PROMOTION OF HEALTH BY PROVIDING MEDICAL SERVICES, INCLUDING CHARITABLE CARE TO PERSONS UNABLE TO PAY. THE DULUTH CLINIC, LTD. EMPLOYS APPROXIMATELY 300 FULL TIME EQUIVALENTS THAT SUPPORT ESSENTIA HEALTH EAST'S 8 HOSPITALS AND VARIOUS CLINICS ACROSS NORTHEASTERN MINNESOTA AND NORTHWESTERN WISCONSIN. OUR PHYSICIANS COVER A WIDE RANGE OF MEDICAL SPECIALTIES AND SUBSPECIALTIES.THE DULUTH CLINIC, LTD. OFFERS A BROAD RANGE OF OUTPATIENT SERVICES FOR ITS PATIENTS, INCLUDING FAMILY PRACTICE, INTERNAL MEDICINE, OBSTETRICS AND GYNECOLOGY, CANCER, INFUSION THERAPY, ORTHOPEDICS, DIGESTIVE HEALTH, PEDIATRICS SERVICES, WEIGHT MANAGEMENT, HEART AND VASCULAR SERVICES, LAB SERVICES, IMAGING & RADIOLOGY, AND PHARMACY.THE CLINICS HAD OVER 68,000 ENCOUNTERS DURING THE FISCAL YEAR ENDED JUNE 30, 2022. DURING THE FISCAL YEAR ENDED JUNE 30, 2022, THE DULUTH CLINIC, LTD. PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $373,000 IN CHARITY CARE, $13.4 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, AND $33,000 IN HEALTH PROFESSION EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Kuzel MD Physician - Section Chair | 60 | $1,337,017 | |
Dino Terzic MD Physician - Section Chair | 60 | $1,346,634 | |
Michael Wolz MD Physician - Section Chair | 60 | $1,315,621 | |
Albert Meric III MD Physician | 60 | $1,173,288 | |
Jon Pryor MD President - East | OfficerTrustee | 1 | $0 |
Margaret Chen MD Physician | 60 | $970,978 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,558 |
| Government grants | $1,136,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140,044 |
| Total Program Service Revenue | $200,643,926 |
| Investment income | $279,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,387 |
| Net Gain/Loss on Asset Sales | -$48,986 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,282,269 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,161,372 |
| 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 | $49,742,156 |
| Pension plan accruals and contributions | $1,824,627 |
| Other employee benefits | $4,753,215 |
| Payroll taxes | $2,621,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,756 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $252 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,148 |
| Fees for services: Other | $9,838,380 |
| Advertising and promotion | $219,931 |
| Office expenses | $1,625,794 |
| Information technology | $225,448 |
| Royalties | $0 |
| Occupancy | $3,729,473 |
| Travel | $214,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,472 |
| Interest | $5,477,403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,760,622 |
| Insurance | $1,796,712 |
| All other expenses | $2,423,054 |
| Total functional expenses | $196,608,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,202 |
| Savings and temporary cash investments | $1,063,756 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,262,261 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,900,971 |
| Inventories for sale or use | $9,713,740 |
| Prepaid expenses and deferred charges | $18,910 |
| Net Land, buildings, and equipment | $77,773,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,471,303 |
| Investments—program-related | $3,900,000 |
| Intangible assets | $396,112 |
| Other assets | $20,538,703 |
| Total assets | $135,061,043 |
| Accounts payable and accrued expenses | $36,581,815 |
| Grants payable | $0 |
| Deferred revenue | $2,878,623 |
| Tax-exempt bond liabilities | $113,974,980 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $51,433,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $443,894,278 |
| Total liabilities | $648,763,051 |
| Net assets without donor restrictions | -$513,702,008 |
| 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 | $135,061,043 |