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← UNIVERSITY OF MINNESOTA HEALTH CLINICS AND SURGERY CENTER INC

Form 990 for tax year 2024

Filed by UNIVERSITY OF MINNESOTA HEALTH CLINICS AND SURGERY CENTER INC.

Totals

Total revenue
$173,022,208
Total expenses
$203,121,031
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$173,022,208
Investment income
$0
Other revenue
$0
Total assets, end of year
$114,459,195
Total liabilities, end of year
$238,356,024
Net assets or fund balances, end of year
-$123,896,829
Program services expenses (Part IX)
$161,945,564
Management and general expenses
$41,175,467
Fundraising expenses
$0
Program service expenses (Part III)
$161,945,564

Program services were 79.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PATIENT SERVICE REVENU

    total $170,178,448 · related or exempt $170,178,448

  • 2b · Program service revenue: OTHER REVENUE

    total $2,843,760 · related or exempt $2,843,760

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $43,764 · program services $9,416 · management and general $34,348

  • 11c · Fees: accounting

    total $66,993 · management and general $66,993

  • 11g · Fees: other

    total $17,232,371 · program services $6,621,751 · management and general $10,610,620

  • 12 · Advertising and promotion

    total $6,640 · management and general $6,640

  • 13 · Office expenses

    total $1,822,331 · program services $1,644,682 · management and general $177,649

  • 14 · Information technology

    total $29,303 · management and general $29,303

  • 16 · Occupancy

    total $10,690,402 · program services $333,268 · management and general $10,357,134

  • 19 · Conferences, conventions and meetings

    total $454 · program services $454

  • 20 · Interest

    total $63,609 · program services $18,790 · management and general $44,819

  • 22 · Depreciation, depletion and amortization

    total $2,462,291 · program services $1,677,205 · management and general $785,086

  • 23 · Insurance

    total $7,927 · management and general $7,927

  • 24a · Other expenses: LEASED EMPLOYEES

    total $133,840,957 · program services $119,215,031 · management and general $14,625,926

  • 24b · Other expenses: MEDICAL SUPPLIES/DRUGS

    total $27,369,896 · program services $27,369,896

  • 24c · Other expenses: GENERAL AND ADMIN

    total $4,056,481 · management and general $4,056,481

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $2,410,228 · program services $2,410,228

  • 24e · All other expenses

    total $3,017,384 · program services $2,644,843 · management and general $372,541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,798,424 · end of year $11,995,373

  • 4 · Accounts receivable

    beginning of year $16,953,198 · end of year $20,221,740

  • 8 · Inventories for sale or use

    beginning of year $2,558,237 · end of year $2,773,908

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,695,013 · end of year $7,573,522

  • 10a · Land, buildings and equipment: cost or other basis

    $43,256,408

  • 10b · Land, buildings and equipment: accumulated depreciation

    $38,095,169

  • 10c · Land, buildings and equipment, net

    beginning of year $5,730,386 · end of year $5,161,239

  • 15 · Other assets

    beginning of year $80,459,964 · end of year $66,733,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,500,591 · end of year $162,176,294

  • 25 · Other liabilities

    beginning of year $89,492,637 · end of year $76,179,730

  • 27 · Net assets without donor restrictions

    beginning of year -$93,798,006 · end of year -$123,896,829

Mission and programs · 2024

Mission

UNIVERSITY OF MINNESOTA HEALTH CLINICS & SURGERY CENTER, INC. (CSC) (THE ORGANIZATION) IS THE RESULT OF A JOINT-VENTURE AGREEMENT BETWEEN ITS MEMBERS, USING THE POWER OF AN INTEGRATED ACADEMIC HEALTH SYSTEM. THE ORGANIZATION IS COMPRISED OF MULTIPLE PHYSICIAN SPECIALTIES (CLINIC SERVICE UNITS).CSC THRU ITS MEMBER(S) IS AFFILIATED WITH VARIOUS MEDICAL DEPARTMENTS OF THE UNIVERSITY OF MINNESOTA'S SCHOOL OF MEDICINE (MEDICAL SCHOOL). THE RELATIONSHIP AFFILIATION DEFINES THE ORGANIZATION'S MAIN PURPOSE WHICH IS TO DEVELOP AND OPERATE AN AMBULATORY CARE CENTER DEDICATED TO ADVANCING MEDICAL RESEARCH AND EDUCATION AND PROVIDING HEALTH CARE SERVICES.

Activities or mission (Part I)

JOINT VENTURE TO PROVIDE BREAKTHROUGH MEDICINE AND TRANSFORM THE HEALTH OF THE COMMUNITY USING THE POWER OF AN INTEGRATED ACADEMIC HEALTH SYSTEM.

  • THE ORGANIZATION PROVIDES COMPREHENSIVE HEALTHCARE SERVICES TO PATIENTS THROUGH ITS FACILITIES WHILE SUPPORTING THE EDUCATION AND RESEARCH MISSION OF THE UNIVERSITY'S ACADEMIC HEALTH CENTER. THROUGH THE DELIVERY OF PATIENT CARE, THE ORGANIZATION ADVANCES CLINICAL TRAINING, MEDICAL EDUCATION, AND RESEARCH INITIATIVES OF THE UNIVERSITY'S MEDICAL SCHOOL AND OTHER SCHOOLS IN THE ACADEMIC HEALTH CENTER.

    Expenses $161,945,564 · Revenue $173,022,208

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jakub Tolar

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • James Hereford

    TREASURER AND SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Myron Frans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Welton MD

    DIRECTOR (THRU 4/2024)

    Total calculated
    $0
    Hours/week
    1

  • Bevan Yueh MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeoff Will

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jaya Kumar MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Sibert

    DIRECTOR, CFO

    Total calculated
    $0
    Hours/week
    1

  • Joe Gaylord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

  • INTEGRATED STRUCTURE LLC

    HOLDING COMPANY · MN

    Directly controlled by NONE

Provenance

Return type
form_990
Tax year
2024
Filed
22 October 2025
IRS schema version
2024v5.2
Source object
202542969349302004

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