Healthpartners Inc
- Assets
- $1.4b
- Revenue
- $2.9b
- Investments
- $62.9m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1985
- Data as of
- 12/2022
- 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 12/2022, Healthpartners Inc generated $2.9b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.8b during the year ending 12/2022. While expenses have increased by 9.4% 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Wozney MD Director | Trustee | 2.4 | $0 |
Sharon Pierce Director | Trustee | 3 | $0 |
James Malecha Director | Trustee | 2.4 | $0 |
David Lagerstrom Director | Trustee | 2.8 | $0 |
Kathleen Kelley Director | Trustee | 3 | $0 |
Morris Goodwin Director & Treasurer | OfficerTrustee | 3.5 | $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 | $2,920,963,025 |
| Investment income | $10,533,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,109,309 |
| Net Gain/Loss on Asset Sales | -$4,924,821 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,933,681,345 |
| 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 | $86,864,020 |
| Pension plan accruals and contributions | $1,701,008 |
| Other employee benefits | $3,562,941 |
| Payroll taxes | $1,378,313 |
| 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 | $7,179,546 |
| Advertising and promotion | $1,569,148 |
| Office expenses | $728,771 |
| Information technology | $149,770 |
| Royalties | $0 |
| Occupancy | $8,669,376 |
| Travel | $2,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $923 |
| Interest | $24,528,422 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,475,635 |
| Insurance | $36,295 |
| All other expenses | $0 |
| Total functional expenses | $2,783,536,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,996 |
| Savings and temporary cash investments | $92,355,379 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $415,911,667 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $57,266,083 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,198,461 |
| Net Land, buildings, and equipment | $84,758,905 |
| Investments—publicly traded securities | $610,587,256 |
| Investments—other securities | $62,878,678 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,848,709 |
| Total assets | $1,432,583,134 |
| Accounts payable and accrued expenses | $94,336,345 |
| Grants payable | $0 |
| Deferred revenue | $25,963,803 |
| 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 | $214,730,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $315,877,389 |
| Total liabilities | $650,907,537 |
| Net assets without donor restrictions | $781,675,597 |
| 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 | $1,432,583,134 |