University Of Minnesota Physicians
- Assets
- $266.0m
- Revenue
- $719.8m
- Investments
- $0.0
- Employees
- 4,138
- Location
- Minneapolis, MN
- Founding
- 03/1997
- Data as of
- 06/2021
- EIN
- 41-1843943
Organization Overview
University Of Minnesota Physicians is located in Minneapolis, 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 06/2021, University Of Minnesota Physicians employed 4,138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Minnesota Physicians 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 06/2021, University Of Minnesota Physicians generated $719.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $704.7m during the year ending 06/2021. While expenses have increased by 5.3% per year over the past 6 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 PROVIDE THE HIGHEST QUALITY HEALTHCARE TO PATIENTS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL DIAGNOSIS, TREATMENT, AND CARE FOR AREA RESIDENTS. SUPPORTED INSTRUCTION OF MEDICAL STUDENTS, INTERNS, AND RESIDENTS. SUPPORTED MEDICAL AND SCIENTIFIC RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Martin MD Physician | 20 | $1,350,117 | |
Matthew Hunt MD Physician | 20 | $1,170,267 | |
Lucian Amado MD Physician | 20 | $925,724 | |
Tushar Vora MD Physician | 20 | $925,080 | |
Stephen Battista MD Physician | 20 | $923,870 | |
Demosthenes Iskos MD Physician | 20 | $891,406 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regents Of The University Of Minnesota Clinical/academic | 6/29/21 | $349,884,396 |
Cushman & Wakefield Leasing | 6/29/21 | $1,840,933 |
Open Systems Technologies Inc It | 6/29/21 | $2,408,997 |
Fairview Health Services Lab/nursing Services | 6/29/21 | $5,127,089 |
Opus Design Build Llc Construction | 6/29/21 | $1,804,649 |
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 | $720,016,357 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$216,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $719,799,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,386,132 |
| 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. | $7,949,546 |
| Compensation of current officers, directors, key employees. | $1,551,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,957,656 |
| Pension plan accruals and contributions | $44,090,544 |
| Other employee benefits | $51,587,381 |
| Payroll taxes | $24,338,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,822,685 |
| Fees for services: Accounting | $206,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,759,074 |
| Advertising and promotion | $312,593 |
| Office expenses | $359,877 |
| Information technology | $7,510,910 |
| Royalties | $0 |
| Occupancy | $4,475,223 |
| Travel | $15,627 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164,458 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,034,491 |
| Insurance | $13,194,040 |
| All other expenses | -$8,591,384 |
| Total functional expenses | $704,665,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,582,489 |
| Savings and temporary cash investments | $35,475,536 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,882,547 |
| 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 | $3,081,731 |
| Net Land, buildings, and equipment | $12,278,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,668,045 |
| Total assets | $265,968,943 |
| Accounts payable and accrued expenses | $142,898,724 |
| 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 | $0 |
| Total liabilities | $142,898,724 |
| Net assets without donor restrictions | $123,070,219 |
| 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 | $265,968,943 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of Minnesota Physicians has recieved totaling $325,743.
| Awarding Organization | Amount |
|---|---|
University Of Minnesota Foundation Minneapolis, MN PURPOSE: Fund grant to support the University of Minnesota Physicians Mill City and Broadway Clinics | $295,743 |
American Medical Association Chicago, IL PURPOSE: INNOVATION GRANT AWARD | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshfield Clinic Inc Marshfield, WI | $1,051,547,723 | $852,264,236 |
University Of Minnesota Physicians Minneapolis, MN | $265,968,943 | $719,799,425 |
Iowa Physicians Clinic Medical Foundation West Des Moines, IA | $320,758,899 | $618,540,831 |
Froedtert & The Medical College Of Wisconsin Community Physicians Inc Menomonee Falls, WI | $114,223,904 | $318,922,551 |
Mercy Clinics Inc Des Moines, IA | $121,182,603 | $228,858,488 |
Ascension Medical Group-Northern Wisconsin Inc Wausau, WI | $32,980,422 | $54,059,880 |
Family Health Center Of Marshfield Inc Marshfield, WI | $83,844,933 | $79,939,834 |
West Side Community Health Services Inc St Paul, MN | $23,869,557 | $43,452,444 |
Mercy Medical Center-Newton Newton, IA | $22,591,972 | $36,511,833 |
Rural Health Care Inc Fort Pierre, SD | $20,303,216 | $37,355,927 |
Apple Tree Dental Mounds View, MN | $20,075,717 | $24,216,868 |
Family Healthcare Center Fargo, ND | $19,243,943 | $21,017,567 |