Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $228,250

• 1f · All other contributions, gifts and grants

  $27,056,989

• 1g · Noncash contributions included above

  $321,904

• 3 · Investment income

  total $6,748,358 · excluded $6,748,358

• 7a · Gross sales of assets other than inventory

  securities $14,253,829

• 7b · Less cost or other basis and sales expenses

  securities $11,188,491

• 7c · Gain or loss

  securities $3,065,338

• 7d · Net gain or loss

  total $3,065,338 · excluded $3,065,338

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $23,043,970 · program services $23,043,970

• 2 · Grants to domestic individuals

  total $552,886 · program services $552,886

Balance sheet

Part X, book values.

• 3 · Pledges and grants receivable

  beginning of year $7,557,439 · end of year $7,796,997

• 12 · Investments: other securities

  beginning of year $241,671,755 · end of year $263,752,892

• 15 · Other assets

  beginning of year $2,587,741 · end of year $5,436,636

• 25 · Other liabilities

  beginning of year $7,528,455 · end of year $2,343,634

• 27 · Net assets without donor restrictions

  beginning of year $46,773,672 · end of year $50,717,512

• 28 · Net assets with donor restrictions

  beginning of year $197,514,808 · end of year $223,925,379

The filer's explanations (Part III)

PART I, LINE 3

SEE NARRATIVE ON SCHEDULE O - FOR FORM 990, PART VI, SECTION A, LINE 6.

PART I, LINE 4B

LISA SHANNON - $243,111; RICHARD MAGNUSON - $226,383

PART I, LINE 6

DEFERRED COMPENSATION PLANS TERMS AND CONDITIONS: ALLINA INCENTIVE PLAN ALLINA PROVIDES AN ANNUAL INCENTIVE COMPENSATION OPPORTUNITY FOR EXECUTIVES, MANAGEMENT AND KEY INDIVIDUAL CONTRIBUTOR STAFF. UNDER THIS PLAN, THE TARGET AWARD IS EXPRESSED AS A FUNCTION OF THE PARTICIPANT'S SALARY PAID DURING THE CALENDAR YEAR AND REQUIRES AT LEAST FOUR MONTHS OF SERVICE IN AN ELIGIBLE POSITION DURING THE YEAR. ACTUAL AWARDS CAN RANGE FROM 0% TO 150% OF THE TARGET AWARD, BASED ON ALLINA'S FINANCIAL AND NON-FINANCIAL PERFORMANCE OVER THE CALENDAR YEAR. NON-FINANCIAL PERFORMANCE MEASURES INCLUDE PATIENT & EMPLOYEE SAFETY, QUALITY, PATIENT EXPERIENCE AND FINANCIAL HEALTH. NO AWARDS ARE PROVIDED UNLESS THRESHOLD FINANCIAL PERFORMANCE IS ACHIEVED. PARTICIPANTS WHO HAVE LEFT EMPLOYMENT PRIOR TO THE END OF THE YEAR AS THE RESULT OF VOLUNTARY TERMINATION OR TERMINATION FOR POOR PERFORMANCE ARE NOT ELIGIBLE FOR AN AWARD. LONG-TERM INCENTIVE PLAN (LTIP) ALLINA HAS A LONG-TERM INCENTIVE PLAN THAT PROVIDES A CASH AWARD OPPORTUNITY TO A SMALL NUMBER OF TOP EXECUTIVES APPROVED FOR PARTICIPATION BY THE HUMAN RESOURCES & COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF ALLINA HEALTH ("THE COMMITTEE"). THE AWARD OPPORTUNITY IS BASED ON ALLINA PERFORMANCE DURING OVERLAPPING THREE-YEAR CYCLES. PERFORMANCE MEASURES AND TARGETS ARE DEFINED BY THE COMMITTEE FOR EACH THREE-YEAR PERIOD AND CAN VARY FROM ONE PERIOD TO ANOTHER DEPENDING ON THE COMMITTEE'S JUDGMENT OF THE MOST IMPORTANT MEASURES OF SUCCESS. AWARDS CAN RANGE FROM 0% TO 150% OF TARGET AWARDS.

PART I, LINE 8

CERTAIN AMOUNTS REPORTED ON FORM 990, PART VII WERE PAID OR ACCRUED PURSUANT TO A CONTRACT THAT WAS SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGULATION SECTION 53.4958-4(A)(3). FROM TIME TO TIME, ALLINA HEALTH SYSTEM ENTERS INTO CONTRACTUAL ARRANGEMENTS THAT MAY QUALIFY FOR THE INITIAL CONTRACT EXCEPTION BASED ON THE TERMS AND UNDERSTANDINGS OF THE CONTRACTUAL AGREEMENTS.

SCHEDULE J, LINE 4(A) & (B)

ADDITIONAL COMPENSATION DISCLOSURE: DEFERRED COMPENSATION PLANS TERMS AND CONDITIONS: ALLINA DEFINED CONTRIBUTION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN THIS PLAN WAS AMENDED AND FROZEN EFFECTIVE DECEMBER 31, 2008, SUCH THAT NO FUTURE BENEFITS ACCRUE FOR SERVICE AFTER THAT DATE. THIS PLAN WAS REPLACED WITH THE EXECUTIVE RETIREMENT BENEFIT RESTORATION PLAN (ERBRP) EFFECTIVE JANUARY 1, 2009, AND IS NOW FROZEN AS OF DECEMBER 31, 2018. EXECUTIVES WERE ALSO CREDITED AN AMOUNT EQUAL TO THE EXCESS AMOUNT THAT WOULD HAVE BEEN CREDITED TO THE PENSION ACCOUNT PLAN WERE IT NOT FOR THE QUALIFIED PLAN COMPENSATION LIMITS. DEPOSITS EARN THE INVESTMENT RATE OF RETURN EQUAL TO THE PENSION ACCOUNT PLAN CREDITING RATE AS DECLARED BY ALLINA. THE SERP IS PAYABLE FROM ALLINA'S GENERAL ASSETS. IF ALLINA BECOMES INSOLVENT, THE PARTICIPANT WILL BE AN UNSECURED CREDITOR AND WILL HAVE NO PRIORITY CLAIM TO ANY ASSETS. ALLINA EXECUTIVE RETIREMENT BENEFIT RESTORATION PLAN ELIGIBLE ALLINA EXECUTIVES PARTICIPATE IN A DEFERRED COMPENSATION RETIREMENT PLAN. EXECUTIVES ARE CREDITED AN AMOUNT EQUAL TO THE EXCESS AMOUNT THAT WOULD HAVE BEEN CREDITED TO THE ALLINA RETIREMENT SAVINGS PLAN WERE IT NOT FOR THE QUALIFIED PLAN COMPENSATION LIMITS. THIS PLAN WAS EFFECTIVE JANUARY 1, 2009 AND IS NOW FROZEN AS OF DECEMBER 31, 2018. EXECUTIVE SEVERANCE PLAN ALLINA PROVIDES SALARY CONTINUATION FOR EXECUTIVES WHOSE EMPLOYMENT HAS BEEN INVOLUNTARILY TERMINATED FOR REASONS OTHER THAN CAUSE OR POOR PERFORMANCE. THE LENGTH OF THE SEVERANCE PAY PERIOD IS DEFINED BY THE PLAN AND DEPENDS ON THE LEVEL OF THE EXECUTIVE POSITION. UNDER THE PLAN THE SEVERED EXECUTIVE ALSO COULD CONTINUE CERTAIN BENEFITS FOR A LIMITED PERIOD OF TIME. IN 2009 THE PLAN WAS AMENDED TO FURTHER RESTRICT SEVERANCE BENEFITS IN THE CASE THAT THE EXECUTIVE OBTAINS OTHER EMPLOYMENT DURING THE SEVERANCE PERIOD. SUPPLEMENTAL PHYSICIAN AND EXECUTIVE SAVINGS PLAN THIS PLAN'S PURPOSE IS TO PROVIDE A SELECT GROUP OF PHYSICIANS AND EXECUTIVES WITH ADDITIONAL DEFERRED COMPENSATION. AMOUNTS DEFERRED UNDER THE PLAN ARE INTENDED TO BE EXEMPT FROM CODE SECTION 409A AND 457(F). ANNUAL CONTRIBUTIONS ARE MADE EACH FEBRUARY AND ARE BASED ON PREVIOUS YEAR'S ELIGIBLE COMPENSATION. IF PARTICIPANT IS FULLY VESTED, THE CONTRIBUTION IS PAID DIRECTLY TO PARTICIPANT, LESS TAXES IN LATE JANUARY. IF PARTICIPANT IS UNVESTED, THE CONTRIBUTION IS DEPOSITED WITH FIDELITY. THE VESTING SCHEDULE FOR THIS PLAN FOLLOWS: PARTICIPANTS ARE 100% VESTED AT THE EARLIER OF AT LEAST AGE 60 WITH 7 YEARS OF SERVICE OR AGE 65. GRANDFATHERED PROVISION - FOR THOSE AGE 54 OR OLDER AND EMPLOYED AS OF 12/31/2018: EARLIER OF AT LEAST AGE 60 WITH 3 YEARS OF SERVICE OR AGE 65. THIS PLAN WAS EFFECTIVE JANUARY 1, 2019. A NON-COMPETE CLAUSE DOES NOT APPLY TO THIS PLAN.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• ASPEN SLEEP CENTERLLC

  HEALTHCARE SERVICES · MN

• GERIATRIC SERVICES OF MINNESOTA LLC

  HEALTHCARE SERVICES · MN

• MOBILE IMAGING SERVICES LLC

  RADIOLOGY · MN

• CROSBY CARDIOVASCULAR SERVICESLLC

  HEALTHCARE SERVICES · MN

• BPA HEALTH LLC

  HEALTHCARE SERVICES · MN

• WESTHEALTH SURGERY CENTER LLC

  SURGICAL SERVICES · MN

• GLOBAL MARKET RESERVE FUND LLC

  FINANCE · MN

• SCA GREENWAY HOLDINGS LLC

  HOLDING COMPANY · DE

• SCA MAPLE GROVE HOLDINGS LLC

  HOLDING COMPANY · DE

• SCA WOODBURY HOLDINGS LLC

  HOLDING COMPANY · DE

• GREENWAY SURGICAL SUITES LLC

  HEALTHCARE SERVICES · MN

• CENTER FOR RESTORATIVE SURGERY AT MAPLE GROVE LLC

  HEALTHCARE SERVICES · MN

• WOODBURY SURGERY CENTER LLC

  HEALTHCARE SERVICES · MN

• WESTHEALTH JV HOLDINGS LLC

  HOLDING COMPANY · DE

• SOUTHWEST SURGICAL CENTER LLC

  SURGICAL SERVICES · MN

• ALLINA HEALTH HEART AND VASCULAR SURGERY CENTER LLC

  SURGICAL SERVICES · MN

• ALLINA HEALTH SURGERY CENTER BROOKLYN PARK LLC

  SURGICAL SERVICES · MN

• MAGNETO LEASING LLC

  RENTAL EQUIPMENT · MN

• ALLINA HEALTH SURGERY CENTER VADNAIS HEIGHTS LLC

  SURGICAL SERVICES · AL

• ALLINA HEALTH SURGERY CENTER-LAKEVILLE LLC

  SURGICAL SERVICES · MN

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• ALLINA SPECIALTY ASSOCIATES INC

  C · HEALTHCARE SERVICES · MN

• ALLINA HEALTH SYSTEM TRUST

  T · TRUST · PA

• ALLINA HEALTH SYSTEM DEFINED BENEFIT MASTER TRUST

  T · TRUST · PA

• LIFESPAN AFFILIATES DEFERRED COMPENSATION PLAN

  T · TRUST · MN

• ALLINA INTEGRATED MEDICAL NETWORK

  C · HEALTHCARE SERVICES · MN

• FORSETI RISK MANAGMENT INDEMNIFICATION COMPANY SPC

  C · CAPTIVE INSURANCE · CJ