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← MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION

Form 990 for tax year 2024

Filed by MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION.

Totals

Total revenue
$909,591
Total expenses
$170,568
Contributions and grants received
$750,000
Grants paid
$0
Program service revenue
$0
Investment income
$159,591
Other revenue
$0
Total assets, end of year
$4,762,329
Total liabilities, end of year
$143,618
Net assets or fund balances, end of year
$4,618,711
Program services expenses (Part IX)
$134,008
Management and general expenses
$36,560
Fundraising expenses
$0
Program service expenses (Part III)
$134,008

Program services were 78.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RAHUL KORANNE

    PRESIDENT/CEO

    Total calculated
    $1,236,028
    From this org
    $0
    From related orgs
    $1,038,079
    Other
    $197,949
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $828,079 related
    Bonus
    $0 + $210,000 related
    Other
    $0
    Deferred
    $0 + $165,693 related
    Nontaxable benefits
    $0 + $32,256 related
    Filer's total
    $0 + $1,236,028 related

  • STEVEN UNDERDAHL

    AT-LARGE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • JAMES HEREFORD

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.7 related

  • RACHELLE SCHULTZ

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.7 related

  • DAVID HERMAN

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • GREG RUBERG

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.7 related

  • DAVID SLOWINSKE

    STANDING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • HALENA GAZELKA

    STANDING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • PATTI BANKS

    AT-LARGE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • DOMINICA TALLERICO

    STANDING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • JAMES WATSON

    STANDING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • AMANDA SIMPSON

    ASSOCIATE VICE PRESIDENT

    Total calculated
    $181,953
    From this org
    $0
    From related orgs
    $164,024
    Other
    $17,929
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,024 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,929 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $181,953 related

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

None.

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
  • 6a · Pay contingent on this organization's net earnings
  • 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 3
THE RELATED ORGANIZATION, MINNESOTA HOSPITAL ASSOCIATION; USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION FOR THE CEO.

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

No itemized grants to organizations on this return.

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.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543159349306504

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