Fairview Physician Associates Network
- Assets
- $49.0m
- Revenue
- $8.1m
- Investments
- $6.8m
- Employees
- 13
- Location
- Edina, MN
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 41-1753325
Organization Overview
Fairview Physician Associates Network is located in Edina, MN. The organization was established in 1997. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Fairview Physician Associates Network employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairview Physician Associates Network 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 12/2022, Fairview Physician Associates Network generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. 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
THE PRIMARY EXEMPT PURPOSE OF FAIRVIEW PHYSICIAN ASSOCIATES NETWORK IS TO ADVANCE THE HEALTH OF THE COMMUNITY BY CONTINUOUSLY IMPROVING THE QUALITY OF HEALTH CARE SERVICES DELIVERED TO INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRVIEW PHYSICIAN ASSOCIATES NETWORK (FPA) CURRENTLY IS ACCOUNTABLE FOR PROVIDING A BROAD ARRAY OF HEALTHCARE SERVICES FOR OVER 525,000 INDIVIDUALS THROUGH OUR CONTRACTS WITH PURCHASERS AND PAYERS. THE NETWORK ASSUMES RISK FOR OVER 438,000 MEMBER LIVES IN SHARED SAVINGS INCENTIVES, INCLUDING 120,000 MEMBER LIVES IN DEFINED NETWORK PRODUCTS. ALTHOUGH MANY OF FPA'S HEALTH IMPROVEMENT AND POPULATION MANAGEMENT INITIATIVES HAVE BEEN DEVELOPED TO INCREASE QUALITY, IMPROVE THE PATIENT EXPERIENCE, AND DECREASE COST TO THE INDIVIDUALS SERVED THROUGH OUR SHARED SAVINGS CARE SYSTEM CONTRACTS, MANY OF THE BENEFITS ACCRUE TO THE ENTIRE POPULATION SERVED THROUGH FPA AFFILIATED CLINICS AND FAIRVIEW HOSPITALS (CLINICAL INTEGRATION).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Director | OfficerTrustee | 1 | $0 |
Name Not Listed Fpan President & Phy Chf Spec Svcs | OfficerTrustee | 12 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Director | OfficerTrustee | 2 | $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 | $7,297,014 |
| Investment income | $506,039 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $281,020 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,084,073 |
| 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. | $258,703 |
| Compensation of current officers, directors, key employees. | $21,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,110,673 |
| Pension plan accruals and contributions | $72,518 |
| Other employee benefits | $157,467 |
| Payroll taxes | $90,022 |
| Fees for services: Management | $980,491 |
| 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 | $754,501 |
| Advertising and promotion | $0 |
| Office expenses | $483,766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $636,450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,404 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,211 |
| Insurance | $839 |
| All other expenses | $2,276 |
| Total functional expenses | $5,610,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,138,405 |
| Savings and temporary cash investments | $1,979,824 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,166,490 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,445,111 |
| Investments—other securities | $6,761,573 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $463,555 |
| Total assets | $48,954,958 |
| Accounts payable and accrued expenses | $187,397 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $14,668,993 |
| Total liabilities | $14,856,390 |
| Net assets without donor restrictions | $34,098,568 |
| 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 | $48,954,958 |