Healthcare Leaders Association Of Minnesota Inc
- Assets
- $201.4k
- Revenue
- $338.6k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 05/1979
- Data as of
- 12/2022
- EIN
- 41-1350035
Organization Overview
Healthcare Leaders Association Of Minnesota Inc is located in St Paul, MN. The organization was established in 1979. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Leaders Association Of Minnesota Inc 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, Healthcare Leaders Association Of Minnesota Inc generated $338.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $381.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. 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
PROMOTE THE PROFESSIONAL GROWTH, DEVELOPMENT, AND VISIBILITY OF MEDICAL GROUP PRACTICE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES: PRIMARY MEANS OF EXCHANGING IDEAS AMONG MEMBERS IN MEDICAL GROUP MANAGEMENT.
DAY WITH THE PAYERS: PROVIDES AN EDUCATIONAL OPPORTUNITY FOR CLINICAL AND BUSINESS/OPERATIONS TEAM MEMBERS. MINNESOTA PAYERS PROVIDE UPDATES ON THEIR PROGRAMS, PRODUCTS/NETWORKS, MEDICAL AND PAYMENT POLICIES AND CLAIMS FILING TIPS. THERE IS ALSO AN UPDATE ON ICD-10 FROM THE MINNESOTA ICD-10 COLLABORATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Foley President | OfficerTrustee | 2 | $0 |
Melissa Larson Vice President | OfficerTrustee | 2 | $0 |
Lisa Laliberte Past President | OfficerTrustee | 2 | $0 |
Rachael Perlinger Secretary/treasurer | OfficerTrustee | 2 | $0 |
Irene Berg Director | Trustee | 1 | $0 |
Kristi Besse Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,996 |
| 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 | $4,996 |
| Total Program Service Revenue | $333,324 |
| Investment income | $239 |
| 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 | $338,559 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $131,475 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $54,929 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,300 |
| Advertising and promotion | $0 |
| Office expenses | $15,955 |
| Information technology | $7,326 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $894 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $127 |
| All other expenses | $1,503 |
| Total functional expenses | $381,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,776 |
| Savings and temporary cash investments | $116,532 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,125 |
| 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 | $6,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $201,433 |
| Accounts payable and accrued expenses | $5,029 |
| Grants payable | $0 |
| Deferred revenue | $63,260 |
| 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 | $16,068 |
| Total liabilities | $84,357 |
| Net assets without donor restrictions | $0 |
| 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 | $117,076 |
| Total liabilities and net assets/fund balances | $201,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Associates Clinic Health Plan Of Wisconsin Dubuque, IA | $7,431,483 | $39,882,218 |
Mercy Health Network Inc Clive, IA | $29,982,290 | $38,987,227 |
Physicians Neck & Back Clinics Minneapolis, MN | $0 | $7,798,319 |
Sanford Heart of America Health Plan Sioux Falls, SD | $2,683,671 | $1,605,608 |
Minnesota Valley Memorial Hospital Foundation Inc Le Sueur, MN | $0 | $0 |
Hmong American Center Inc Wausau, WI | $581,070 | $638,418 |
Womens Life Care Center Little Canada, MN | $765,439 | $526,543 |
Healthcare Leaders Association Of Minnesota Inc St Paul, MN | $201,433 | $338,559 |
Minnesota Alliance For Patient Safety Bloomington, MN | $348,335 | $113,000 |
Iowa Medical Group Management Association Cedar Rapids, IA | $94,862 | $174,100 |
M & M Health Care Inc Marinette, WI | $69,998 | $0 |
Wisconsin Medical Group Management Association Inc Cedar Rapids, IA | $17,814 | $0 |
North Tama Medical Associates Inc Traer, IA | $281,527 | $0 |