Healthpartners Rc
- Assets
- $83.7m
- Revenue
- $39.7m
- Investments
- $37.7m
- Employees
- 207
- Location
- Bloomington, MN
- Founding
- Data as of
- 12/2021
- 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 12/2021, Olivia Hospital & Clinic employed 207 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 12/2021, Olivia Hospital & Clinic generated $39.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $29.4m during the year ending 12/2021. While expenses have increased by 25.6% per year over the past 2 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 |
|---|---|---|---|
Andrew Johnson Crna Crna | 45 | $432,092 | |
Benjamin Linder MD Physician | 50 | $336,804 | |
Jon Kemp MD Physician | 40 | $333,243 | |
Carin Martinson MD Director | Trustee | 40 | $284,164 |
Jason Mabee Crna Crna | 40 | $271,118 | |
Mark Ahlquist MD Vpma & Director | OfficerTrustee | 55 | $216,845 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Big Stone Therapies Inc Medical Services | 12/30/21 | $1,653,864 |
Eppa Medical Services | 12/30/21 | $256,630 |
Carris Health Llc Medical Services | 12/30/21 | $178,751 |
Centracare Health Services Medical Services | 12/30/21 | $419,235 |
Central Mn Diagnostic Inc Medical Services | 12/30/21 | $337,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,070,935 |
| Government grants | $70,493 |
| 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 | $2,141,428 |
| Total Program Service Revenue | $37,342,512 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $103,106 |
| 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 | $39,673,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,685 |
| 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. | $629,354 |
| Compensation of current officers, directors, key employees. | $629,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,714,480 |
| Pension plan accruals and contributions | $493,485 |
| Other employee benefits | $1,776,275 |
| Payroll taxes | $714,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,696 |
| 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 | $2,986,841 |
| Advertising and promotion | $146,153 |
| Office expenses | $272,567 |
| Information technology | $414,499 |
| Royalties | $0 |
| Occupancy | $539,076 |
| Travel | $25,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,607 |
| Interest | $514,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,369,077 |
| Insurance | $187,852 |
| All other expenses | $86,750 |
| Total functional expenses | $29,374,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,185,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,623,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $449,147 |
| Prepaid expenses and deferred charges | $180,101 |
| Net Land, buildings, and equipment | $20,100,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $37,725,429 |
| Investments—program-related | $451,379 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,715,905 |
| Accounts payable and accrued expenses | $14,002,916 |
| 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 | $18,537,884 |
| Total liabilities | $32,540,800 |
| Net assets without donor restrictions | $51,175,105 |
| 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 | $83,715,905 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Healthpartners Rc has recieved totaling $70,935.
| Awarding Organization | Amount |
|---|---|
Olivia Hospital & Clinic Foundation Bloomington, MN PURPOSE: PROGRAM SUPPORT | $70,935 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Avera Queen Of Peace Mitchell, SD | $173,794,004 | $133,877,982 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Winona Health Services Winona, MN | $149,374,764 | $114,059,975 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |
Door County Memorial Hospital Sturgeon Bay, WI | $145,062,000 | $121,509,372 |
Pella Regional Health Center Pella, IA | $175,318,188 | $109,674,630 |
Aurora Medical Center Bay Area Inc Milwaukee, WI | $215,907,747 | $109,452,768 |
Prairie Lakes Health Care System Inc Watertown, SD | $318,634,035 | $115,979,854 |
Memorial Medical Center Inc Ashland, WI | $199,460,507 | $111,327,895 |