Healthpartners Rc
- Assets
- $82.6m
- Revenue
- $35.5m
- Investments
- $37.7m
- Employees
- 196
- Location
- Bloomington, MN
- Founding
- Data as of
- 12/2022
- EIN
- 84-4261122
Organization Overview
Healthpartners Rc, operating under the name Olivia Hospital & Clinic, is located in Bloomington, MN. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Olivia Hospital & Clinic employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olivia Hospital & Clinic 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, Olivia Hospital & Clinic generated $35.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $30.4m during the year ending 12/2022. While expenses have increased by 17.7% per year over the past 3 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 |
|---|---|---|---|
Sherri Broderius Vice Chair & Director | OfficerTrustee | 0.5 | $0 |
Jeremy Frank Director, Sec. & Treasurer | OfficerTrustee | 0.5 | $0 |
Mark Ahlquist MD Vpma & Director (jan-July) | OfficerTrustee | 55 | $147,863 |
Amy Dewane Director | Trustee | 0.4 | $0 |
Bob Fox Director | Trustee | 0.5 | $0 |
Brenda Holm Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Government Services Consulting | 12/30/22 | $1,710,889 |
Big Stone Therapies Inc Medical Services | 12/30/22 | $1,652,865 |
Cannon Medical Systems Usa Inc Consulting | 12/30/22 | $635,647 |
Sagiliti Medical Services | 12/30/22 | $375,297 |
Aya Healthcare Inc Medical Services | 12/30/22 | $358,992 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $31,448 |
| Government grants | $223,356 |
| 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 | $254,804 |
| Total Program Service Revenue | $35,019,978 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,502 |
| 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 | $35,457,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,037 |
| 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. | $1,099,047 |
| Compensation of current officers, directors, key employees. | $1,099,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,003,408 |
| Pension plan accruals and contributions | $518,388 |
| Other employee benefits | $2,153,263 |
| Payroll taxes | $771,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,610 |
| 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 | $2,846,011 |
| Advertising and promotion | $135,597 |
| Office expenses | $285,860 |
| Information technology | $188,767 |
| Royalties | $0 |
| Occupancy | $608,994 |
| Travel | $44,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $249 |
| Interest | $528,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,234,879 |
| Insurance | $47,202 |
| All other expenses | $84,832 |
| Total functional expenses | $30,365,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,388,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,277,051 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $296,105 |
| Prepaid expenses and deferred charges | $102,450 |
| Net Land, buildings, and equipment | $20,341,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $37,735,325 |
| Investments—program-related | $428,418 |
| Intangible assets | $0 |
| Other assets | $75,360 |
| Total assets | $82,644,354 |
| Accounts payable and accrued expenses | $11,219,157 |
| 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 | $18,137,374 |
| Total liabilities | $29,356,531 |
| Net assets without donor restrictions | $53,287,823 |
| 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 | $82,644,354 |