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Nonprofiteer
← HENNEPIN HEALTHCARE SYSTEM INC

Form 990 for tax year 2023

Filed by HENNEPIN HEALTHCARE SYSTEM INC.

Totals

Total revenue
$1,554,670,883
Total expenses
$1,609,599,129
Contributions and grants received
$115,286,272
Grants paid
$6,326,208
Program service revenue
$1,437,356,941
Investment income
$2,027,670
Other revenue
$0
Total assets, end of year
$764,932,865
Total liabilities, end of year
$757,236,723
Net assets or fund balances, end of year
$7,696,142
Program services expenses (Part IX)
$1,421,865,374
Management and general expenses
$187,733,755
Fundraising expenses
$0
Program service expenses (Part III)
$1,421,865,374

Program services were 88.3% 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.

  • 1d · Related organizations

    $15,860,683

  • 1e · Government grants (contributions)

    $43,492,426

  • 1f · All other contributions, gifts and grants

    $55,933,163

  • 2a · Program service revenue: MEDICARE/MEDICAID/MHP (MA)/MGD CA

    total $897,332,209 · related or exempt $897,332,209

  • 2b · Program service revenue: MANAGED CARE - COMMERCIAL

    total $331,889,996 · related or exempt $331,889,996

  • 2c · Program service revenue: RETAIL PHARMACY REVENUE

    total $155,331,086 · related or exempt $155,056,715 · unrelated business $274,371

  • 2d · Program service revenue: UPPER PAYMENT LIMIT REVENUE

    total $38,164,028 · related or exempt $38,164,028

  • 2e · Program service revenue: OTHER OPERATING REVENUE

    total $14,639,622 · related or exempt $7,923,737 · unrelated business $6,715,885

  • 3 · Investment income

    total $1,709,154 · excluded $1,709,154

  • 6a · Gross rents

    real property $915,276

  • 6b · Less rental expenses

    real property $915,276

  • 6c · Rental income or loss

    real property $0

  • 7a · Gross sales of assets other than inventory

    other assets $318,516

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

    other assets $0

  • 7c · Gain or loss

    other assets $318,516

  • 7d · Net gain or loss

    total $318,516 · excluded $318,516

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,326,208 · program services $6,326,208

  • 5 · Compensation of officers, directors and key employees

    total $6,059,657 · program services $1,376,255 · management and general $4,683,402

  • 7 · Other salaries and wages

    total $710,666,036 · program services $603,399,563 · management and general $107,266,473

  • 8 · Pension plan contributions

    total $48,961,045 · program services $41,631,577 · management and general $7,329,468

  • 9 · Other employee benefits

    total $145,251,283 · program services $123,507,166 · management and general $21,744,117

  • 10 · Payroll taxes

    total $43,095,106 · program services $36,643,769 · management and general $6,451,337

  • 11b · Fees: legal

    total $1,656,671 · program services $1,408,667 · management and general $248,004

  • 11c · Fees: accounting

    total $262,925 · management and general $262,925

  • 11d · Fees: lobbying

    total $232,007 · management and general $232,007

  • 11g · Fees: other

    total $125,347,653 · program services $106,560,682 · management and general $18,786,971

  • 12 · Advertising and promotion

    total $2,096,795 · program services $1,782,905 · management and general $313,890

  • 13 · Office expenses

    total $10,028,207 · program services $8,526,984 · management and general $1,501,223

  • 14 · Information technology

    total $18,318,335 · program services $15,576,080 · management and general $2,742,255

  • 16 · Occupancy

    total $15,658,293 · program services $13,314,247 · management and general $2,344,046

  • 17 · Travel

    total $627,913 · program services $533,914 · management and general $93,999

  • 19 · Conferences, conventions and meetings

    total $753,113 · program services $640,372 · management and general $112,741

  • 20 · Interest

    total $6,085,764 · program services $5,174,725 · management and general $911,039

  • 22 · Depreciation, depletion and amortization

    total $61,647,530 · program services $52,418,895 · management and general $9,228,635

  • 23 · Insurance

    total $2,672,447 · program services $2,272,382 · management and general $400,065

  • 24a · Other expenses: MEDICAL SUPPLIES AND SE

    total $212,220,912 · program services $212,220,912

  • 24b · Other expenses: BAD DEBTS AND CHARITY C

    total $171,049,014 · program services $171,049,014

  • 24c · Other expenses: TAXES AND SURCHARGES

    total $17,548,825 · program services $14,921,766 · management and general $2,627,059

  • 24d · Other expenses: UNRELATED BUSINESS INCO

    total $173,961 · program services $147,919 · management and general $26,042

  • 24e · All other expenses

    total $2,859,429 · program services $2,431,372 · management and general $428,057

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $67,782,061 · end of year $74,367,996

  • 4 · Accounts receivable

    beginning of year $194,831,226 · end of year $203,130,786

  • 8 · Inventories for sale or use

    beginning of year $11,296,206 · end of year $12,105,626

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,116,204 · end of year $15,741,654

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

    $1,151,849,153

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

    $712,018,981

  • 10c · Land, buildings and equipment, net

    beginning of year $438,835,345 · end of year $439,830,172

  • 12 · Investments: other securities

    beginning of year $8,737,380 · end of year $7,457,513

  • 15 · Other assets

    beginning of year $75,015,956 · end of year $12,299,118

  • 17 · Accounts payable and accrued expenses

    beginning of year $213,861,276 · end of year $205,904,194

  • 19 · Deferred revenue

    beginning of year $5,225,201 · end of year $2,781,673

  • 25 · Other liabilities

    beginning of year $532,961,595 · end of year $548,550,856

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $407,670,820 · end of year $407,670,820

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$351,104,514 · end of year -$399,974,678

Mission and programs · 2023

Mission

HENNEPIN HEALTHCARE SYSTEM'S (HHS) MISSION IS "WE PARTNER WITH OUR COMMUNITY, OUR PATIENTS, AND THEIR FAMILIES TO ENSURE ACCESS TO OUTSTANDING CARE FOR EVERYONE, WHILE IMPROVING HEALTH AND WELLNESS THROUGH TEACHING, PATIENT AND COMMUNITY EDUCATION, AND RESEARCH." HHS STRIVES TO PROVIDE THE BEST POSSIBLE CARE TO EVERY PATIENT; TO SEARCH FOR NEW WAYS TO IMPROVE THE CARE THAT WILL BE PROVIDED TOMORROW; TO EDUCATE HEALTH CARE PROVIDERS FOR THE FUTURE; AND TO ENSURE ACCESS TO HEALTH CARE FOR ALL.

Activities or mission (Part I)

WE PARTNER WITH OUR COMMUNITY, OUR PATIENTS, AND THEIR FAMILIES TO ENSURE OUTSTANDING CARE FOR EVERYONE, WHILE IMPROVING HEALTH AND WELLNESS THROUGH TEACHING, PATIENT AND COMMUNITY EDUCATION, AND RESEARCH.

  • PATIENT CARE:HENNEPIN HEALTHCARE SYSTEM, INC. (HEREAFTER HHS) IS A NATIONALLY RECOGNIZED HEALTHCARE SYSTEM THAT INCLUDES A COMPREHENSIVE CLINIC SYSTEM, LEVEL 1 ADULT AND PEDIATRIC TRAUMA CENTER, AND MEDICAL CENTER WITH THE LARGEST EMERGENCY DEPARTMENT IN MINNESOTA, EMS SERVICE, AND NURSE HOME VISITING PROGRAM. HHS IS ALSO RECOGNIZED NATIONALLY FOR LEADERSHIP IN MEDICAL EDUCATION, EMERGENCY PREPAREDNESS, RESEARCH, AND COMPASSIONATE CARE IN MULTIPLE MEDICAL SPECIALTIES. HHS OPERATED A HOSPITAL WITH LICENSED CAPACITY OF 894 BEDS AND 65 BASSINETS, 469 BEDS AND 65 BASSINETS OF WHICH WERE AVAILABLE, AS WELL AS 9 PRIMARY CARE CLINICS AND 34 SPECIALTY CARE CLINICS, AND EMPLOYED APPROXIMATELY 954 PROVIDERS, 255 RESIDENTS, AND 149 PHARMACISTS IN 9 PHARMACY LOCATIONS. HHS IS MAJOR EMPLOYER AND ECONOMIC ENGINE IN HENNEPIN COUNTY OF MINNESOTA.THE CLINIC AND SPECIALTY CENTER (CSC) OUTPATIENT FACILITY IN DOWNTOWN MINNEAPOLIS REAFFIRMS HENNEPIN HEALTHCARE SYSTEM INC.'S (HHS) COMMITMENT TO PARTNERING WITH ITS COMMUNITY, PATIENTS, AND THEIR FAMILIES TO ENSURE ACCESS TO OUTSTANDING CARE FOR EVERYONE, WHILE IMPROVING HEALTH AND WELLNESS THROUGH TEACHING, PATIENT AND COMMUNITY EDUCATION AND RESEARCH. HHS INVESTS IN TRAINING AND SUPPORTING ITS TEAM MEMBERS TO SERVE THE ENTIRE COMMUNITY IN THE BELIEF THAT EQUITY IS ESSENTIAL FOR OPTIMAL HEALTH OUTCOMES. HHS WORKS TO IMPROVE THE ABILITY OF HISTORICALLY MARGINALIZED AND SOCIOECONOMICALLY DISADVANTAGED PERSONS TO RECEIVE THE RESOURCES NEEDED TO BE AS HEALTHY AS POSSIBLE. HHS PARTNERS WITH THE COMMUNITY, BOTH INTERNAL AND EXTERNAL, TO SUPPORT ACHIEVING THEIR FULLEST HEALTH POTENTIAL BY ACTIVELY ELIMINATING BARRIERS TO ACCESS DUE TO RACISM, OR ANY OTHER CONSEQUENCE OF SOCIAL POSITION OR SOCIALLY INFLUENCED CIRCUMSTANCES EXPERIENCED BY BLACK, INDIGENOUS, AND PEOPLE OF COLOR, AND THOSE WHO ARE ECONOMICALLY DISADVANTAGED, UNINSURED, INDIGENT AND MEMBERS OF OTHER VULNERABLE POPULATIONS.

    Expenses $1,392,022,228 · Grants $5,828,183 · Revenue $1,387,081,377

  • EDUCATION & TRAINING:THE CENTER FOR LEARNING INTEGRATION EXCELS IN COORDINATING, DESIGNING AND INTEGRATING LEARNING THROUGHOUT THE HEALTHCARE SYSTEM WITH THE PRIORITY GOAL TO IMPROVE QUALITY, SAFETY AND EXPERIENCE OUTCOMES FOR ALL STAKEHOLDERS. HENNEPIN HEALTHCARE SYSTEM, INC. (HHS) ALSO OPERATES THE INTERDISCIPLINARY SIMULATION AND EDUCATION CENTER, A TRAINING CENTER THAT HOSTS EDUCATIONAL PROGRAMS FOR NURSES, PHYSICIANS, PRE-HOSPITAL PROVIDERS, AND OTHER ALLIED HEALTH PROFESSIONALS FROM HHS AND ACROSS THE REGION. IT IS A GUIDED, SAFE ENVIRONMENT FOR HEALTHCARE PROFESSIONALS TO SIMULATE PRACTICE OF REAL-LIFE MEDICAL SITUATIONS AND PROCEDURES VIA STATE-OF-THE-ART SIMULATION EQUIPMENT.HHS EMPHASIZES TRAINING THE FUTURE HEALTHCARE WORKFORCE TO MEET COMMUNITY HEALTH NEEDS. THE ADVANCED PRACTICE PROVIDER PROFESSIONAL CENTER PROVIDES ORGANIZATIONAL STRUCTURE FOR NURSE PRACTITIONERS AND PHYSICIAN ASSISTANTS. HHS COOPERATES WITH METROPOLITAN STATE UNIVERSITY TO PROVIDE THE DENTAL THERAPIST PROGRAM WHICH FOCUSES ON ADVANCED DENTAL THERAPY TRAINING OPPORTUNITIES IN GENERAL AND PEDIATRIC DENTISTRY AS WELL AS ORAL SURGERY. COMMUNITY PHYSICIANS AND OTHER PRACTITIONERS FROM ACROSS MINNESOTA COME TO HHS FOR CONTINUING MEDICAL EDUCATION TRAINING COURSES. HHS ALSO CONDUCTS ON-SITE TRAINING AT THE REQUEST OF RURAL HOSPITALS AND CLINICS AND HAS ESTABLISHED RELATIONSHIPS WITH OTHER DESIGNATED TRAUMA CENTERS AND EMERGENCY DEPARTMENTS ACROSS MINNESOTA. THE HHS EMERGENCY DEPARTMENT MAINTAINS A FREE ONLINE DATABASE OF DIVERSE TEACHING MATERIALS INCLUDING INSTRUCTIONAL VIDEOS, LECTURES, CRITICAL CARE CONFERENCE PRESENTATIONS AND VIDEOS, MEDICAL BLOGS, AND EDUCATIONAL LINKS, ALL UTILIZED BY PRACTITIONERS AROUND THE WORLD.

    Expenses $28,831,054 · Grants $108,025 · Revenue $43,285,308

  • RESEARCH:RESEARCH FOCUS INCLUDES ADDICTION MEDICINE AND TOBACCO DEPENDENCE TREATMENT, BONE INFECTIONS AND HEALING, CANCER BIOLOGY, CHRONIC KIDNEY DISEASES, COGNITIVE ISSUES IN AGING, DIABETES AND OBESITY, DISPARITIES IN HEALTH CARE DELIVERY AND OUTCOMES, EMERGENCY MEDICINE, HEART FAILURE, HIV/AIDS, LIVER DISEASE, PEDIATRIC DISEASE PREVENTION, FOOD SECURITY, TRANSPLANT AVAILABILITY AND OUTCOMES, AND TRAUMATIC BRAIN INJURY. THE HENNEPIN HEALTHCARE FOUNDATION CONNECTS THE GENEROSITY OF THE COMMUNITY TO THE MISSION OF HENNEPIN HEALTHCARE SYSTEM, INC.

    Expenses $1,012,092 · Grants $390,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Arti Prasad MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $584,609
    From this org
    $544,099
    From related orgs
    $0
    Other
    $40,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $443,395
    Bonus
    $96,964
    Other
    $3,740
    Deferred
    $29,040
    Nontaxable benefits
    $11,470
    Filer's total
    $584,609

  • Thomas Wyatt MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $611,150
    From this org
    $553,829
    From related orgs
    $0
    Other
    $57,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $541,302
    Bonus
    $9,941
    Other
    $2,586
    Deferred
    $29,040
    Nontaxable benefits
    $28,281
    Filer's total
    $611,150

  • Jennifer Decubellis Ma

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,118,462
    From this org
    $1,043,495
    From related orgs
    $0
    Other
    $74,967
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $812,894
    Bonus
    $230,325
    Other
    $276
    Deferred
    $49,500
    Nontaxable benefits
    $25,467
    Filer's total
    $1,118,462

  • Irene Fernando

    DIRECTOR

    Total calculated
    $144,003
    From this org
    $0
    From related orgs
    $116,511
    Other
    $27,492
    Hours/week
    2 + 40 related

  • Marion Greene MBA

    DIRECTOR

    Total calculated
    $141,673
    From this org
    $0
    From related orgs
    $114,631
    Other
    $27,042
    Hours/week
    2 + 40 related

  • Craig Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kris Petersen MBA

    DIRECTOR (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    2

  • Jacob Gayle PhD

    DIRECTOR (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    2

  • David Ybarra II

    DIRECTOR (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    2

  • Brock Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mohamed Omar MBA Ms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Babette Apland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Diana Vance-Bryan Bsn JD

    DIRECTOR (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    2

  • Kathryn Tunheim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steven Thompson

    DIRECTOR (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    2

  • Derrick Hollings CPA Inactive

    CHIEF FINANCIAL OFFICER/TREASURER (UNTIL 09/23)

    Total calculated
    $636,083
    From this org
    $583,983
    From related orgs
    $0
    Other
    $52,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $464,301
    Bonus
    $116,225
    Other
    $3,457
    Deferred
    $33,000
    Nontaxable benefits
    $19,100
    Filer's total
    $636,083

  • Lisa Anderson CPA Inactive

    CHIEF FINANCIAL OFFICER/TREASURER

    Total calculated
    $476,230
    From this org
    $423,634
    From related orgs
    $0
    Other
    $52,596
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,189
    Bonus
    $87,496
    Other
    $2,949
    Deferred
    $33,000
    Nontaxable benefits
    $19,596
    Filer's total
    $476,230

  • Deborah Hall

    VP RISK AND COMPLIANCE OFFICER

    Total calculated
    $38,315
    From this org
    $34,681
    From related orgs
    $0
    Other
    $3,634
    Hours/week
    40

  • Theresa Pesch RN

    VP PHILANTHROPY - HHF PRESIDENT

    Total calculated
    $415,974
    From this org
    $357,507
    From related orgs
    $0
    Other
    $58,467
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,380
    Bonus
    $82,995
    Other
    $2,132
    Deferred
    $33,000
    Nontaxable benefits
    $25,467
    Filer's total
    $415,974

  • Daniel Hoody MD Msc

    CHIEF MEDICAL OFFICER (UNTIL 09/23)

    Total calculated
    $521,745
    From this org
    $480,142
    From related orgs
    $0
    Other
    $41,603
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,698
    Bonus
    $105,411
    Other
    $1,033
    Deferred
    $33,000
    Nontaxable benefits
    $8,603
    Filer's total
    $521,745

  • Tonya Hampton Ed D MBA

    CHIEF PEOPLE CULTURE OFFICER (UNTIL 5/23)

    Total calculated
    $256,531
    From this org
    $227,822
    From related orgs
    $0
    Other
    $28,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,739
    Bonus
    $62,632
    Other
    $451
    Deferred
    $18,098
    Nontaxable benefits
    $10,611
    Filer's total
    $256,531

  • Nneka Sederstromphdmphmafccpfccm

    CHIEF HEALTH EQUITY OFFICER

    Total calculated
    $421,037
    From this org
    $359,756
    From related orgs
    $0
    Other
    $61,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,323
    Bonus
    $87,612
    Other
    $821
    Deferred
    $33,000
    Nontaxable benefits
    $28,281
    Filer's total
    $421,037

  • Karen Strauman

    CHIEF NURSING OFFICER

    Total calculated
    $187,252
    From this org
    $164,946
    From related orgs
    $0
    Other
    $22,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,686
    Bonus
    $16,498
    Other
    $762
    Deferred
    $16,571
    Nontaxable benefits
    $5,735
    Filer's total
    $187,252

  • Krishnan Subrahmanian

    CHIEF MEDICAL OFFICER HENN HTH

    Total calculated
    $283,345
    From this org
    $236,820
    From related orgs
    $0
    Other
    $46,525
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,606
    Bonus
    $22,094
    Other
    $120
    Deferred
    $21,522
    Nontaxable benefits
    $25,003
    Filer's total
    $283,345

  • Wendy Stulac-Motzel

    CHIEF OPERATING OFFICER

    Total calculated
    $512,559
    From this org
    $459,838
    From related orgs
    $0
    Other
    $52,721
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $368,281
    Bonus
    $90,116
    Other
    $1,441
    Deferred
    $33,000
    Nontaxable benefits
    $19,721
    Filer's total
    $512,559

  • Constantin Starchook

    PHYSICIAN

    Total calculated
    $884,497
    From this org
    $829,990
    From related orgs
    $0
    Other
    $54,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $812,583
    Bonus
    $15,015
    Other
    $2,392
    Deferred
    $29,040
    Nontaxable benefits
    $25,467
    Filer's total
    $884,497

  • Chad Richardson

    PHYSICIAN MANAGER - SURGERY

    Total calculated
    $899,799
    From this org
    $845,292
    From related orgs
    $0
    Other
    $54,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $772,076
    Bonus
    $70,660
    Other
    $2,556
    Deferred
    $29,040
    Nontaxable benefits
    $25,467
    Filer's total
    $899,799

  • Benjamin Hoffman MD

    PHYSICIAN

    Total calculated
    $861,108
    From this org
    $830,000
    From related orgs
    $0
    Other
    $31,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $695,442
    Bonus
    $133,012
    Other
    $1,546
    Deferred
    $29,040
    Nontaxable benefits
    $2,068
    Filer's total
    $861,108

  • Thomas Bergman MD

    PHYSICIAN DIVISION CHAIR

    Total calculated
    $1,192,705
    From this org
    $1,144,069
    From related orgs
    $0
    Other
    $48,636
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,111,306
    Bonus
    $28,154
    Other
    $4,609
    Deferred
    $29,040
    Nontaxable benefits
    $19,596
    Filer's total
    $1,192,705

  • Walter Galicich MD

    PHYSICIAN - MANAGING

    Total calculated
    $1,189,211
    From this org
    $1,134,704
    From related orgs
    $0
    Other
    $54,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,107,558
    Bonus
    $24,103
    Other
    $3,043
    Deferred
    $29,040
    Nontaxable benefits
    $25,467
    Filer's total
    $1,189,211

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 6
PLAN GOALS: IF THE THRESHOLD CASH FLOW MARGIN IS ACHIEVED, THE POOL WILL BE FUNDED AND INCENTIVE PAYOUTS, IF ANY, WILL BE DETERMINED BASED UPON THE OPERATIONAL AND INDIVIDUAL GOALS ACHIEVED. EACH YEAR DURING THE PLANNING PROCESS, HENNEPIN HEALTHCARE SYSTEM, INC. CHOOSES A SET OF GOALS THAT WILL BE MEASURED UNDER THE PLAN. FOR THE 2023 PLAN, THERE ARE ORGANIZATIONAL GOALS RELATING TO QUALITY/PATIENT SAFETY, OPERATIONAL EXCELLENCE, PATIENT EXPERIENCE, AND EMPLOYEE ENGAGEMENT. THE PLAN ALSO HAS A COMPONENT TIED TO INDIVIDUAL GOALS. IN FUTURE YEARS, THE GOALS IN THE PLAN MAY CHANGE AS NECESSARY TO SUPPORT THE ORGANIZATION GOALS AND OBJECTIVES. NOTE: LINEAR INTERPOLIATION WILL BE USED FOR PERFORMANCE BETWEEN THRESHOLD AND TARGET.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202413169349302056

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.