Healthpartners Inc
- Assets
- $1.4b
- Revenue
- $2.6b
- Investments
- $59.2m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 41-1693838
Organization Overview
Healthpartners Inc is located in Minneapolis, MN. The organization was established in 1985. 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. Healthpartners Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Healthpartners Inc generated $2.6b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $2.5b during the year ending 12/2021. While expenses have increased by 9.2% 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 |
|---|---|---|---|
Amy Langer Director & Chair | OfficerTrustee | 3.7 | $0 |
Brian H Rank MD Director & Medical Directo | OfficerTrustee | 3.2 | $0 |
Morris Goodwin Director & Treasurer | OfficerTrustee | 3.2 | $0 |
Andrea M Walsh CEO | OfficerTrustee | 4.7 | $0 |
Scott A Aebischer Sr VP Customer Serv/prod | Officer | 12.4 | $0 |
Jeanette L Augustson VP Healthpartners Institute | Officer | 45 | $0 |
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 | $2,564,624,433 |
| Investment income | $7,114,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,254,193 |
| Net Gain/Loss on Asset Sales | $16,519,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,595,512,194 |
| 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 | $89,096,558 |
| Pension plan accruals and contributions | $1,744,726 |
| Other employee benefits | $3,654,514 |
| Payroll taxes | $1,413,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $1,083,973 |
| Advertising and promotion | $2,119,181 |
| Office expenses | $1,223,000 |
| Information technology | $370,814 |
| Royalties | $0 |
| Occupancy | $8,307,468 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,638,267 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,933,671 |
| Insurance | $142,250 |
| All other expenses | $0 |
| Total functional expenses | $2,515,041,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,513,225 |
| Savings and temporary cash investments | $276,882,761 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $339,772,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,199,917 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,214,355 |
| Net Land, buildings, and equipment | $41,493,065 |
| Investments—publicly traded securities | $518,583,037 |
| Investments—other securities | $59,193,521 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,529,717 |
| Total assets | $1,412,382,010 |
| Accounts payable and accrued expenses | $76,603,805 |
| Grants payable | $0 |
| Deferred revenue | $23,088,048 |
| 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 | $320,655,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $295,183,161 |
| Total liabilities | $715,530,014 |
| Net assets without donor restrictions | $696,851,996 |
| 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 | $1,412,382,010 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Healthpartners Inc has recieved totaling $162,248.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Research | $162,248 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Group Health Cooperative Of South Central Wi Madison, WI | $101,296,548 | $425,253,744 |
Quartz Health Plan Corporation Madison, WI | $73,798,914 | $332,612,093 |
My Choice Wisconsin Health Plan Inc Wauwatosa, WI | $94,864,690 | $199,253,580 |
Medica Community Health Plan Minnetonka, MN | $134,243,555 | $115,853,339 |
Community Care Health Plan Brookfield, WI | $28,400,717 | $108,865,323 |
Medical Associates Clinic Health Plan Of Wisconsin Dubuque, IA | $5,101,906 | $43,479,788 |
Mercy Health Network Inc Clive, IA | $29,567,569 | $25,434,292 |
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 |
Hmong American Center Inc Wausau, WI | $815,793 | $701,024 |
Womens Life Care Center Little Canada, MN | $769,461 | $480,384 |
Minnesota Medical Group Management Association Inc St Paul, MN | $272,638 | $209,417 |