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Regions Hospital

Minneapolis, MN · EIN 41-0956618 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Regions Hospital reported $1.13 billion in revenue and $1.09 billion in expenses for calendar year 2024. Of every $100 it spent, $90.33 went to program services, $9.67 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 96.3% of the total. The highest compensation it reported for one person was $3,838,003 (DIRECTOR). 1,109 people received more than $100,000 in reportable compensation. Revenue rose 35% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.09B

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $1.13B

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
90.3%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
9.7%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.3%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.2%0.1%
Program service revenue share
Part VIII 2g ÷ 12
96.3%93.7%
Highest reported compensation
Part VII-A, columns D–F
$3,838,003$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.35%1.34%
People paid over $100,000
Part VII, line 2
1,10927
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
9.76.6
Independent voting board members
Part VI 1a–1b
11 of 1688.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$982M expenses · 100.0% of program spending · grants $407K · revenue $1.09B

No description in Part III; see the filing.

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
DIRECTOR
Director/trustee, 0.50 hrs/week
$0$2,927,366$910,637$3,838,003
DIRECTOR
Director/trustee, 0.50 hrs/week
$0$1,352,174$283,429$1,635,603
PRESIDENT
Officer, 51.50 hrs/week
$0$1,058,974$368,676$1,427,650
DIRECTOR
Director/trustee, 0.50 hrs/week
$0$1,099,763$181,666$1,281,429
SEC & GENERAL COUNCIL
Officer, 0.50 hrs/week
$0$830,206$248,257$1,078,463
CFO
Officer, 2.50 hrs/week
$0$725,287$155,052$880,339
VPMA & CMO
Officer, 0.50 hrs/week
$0$737,926$124,577$862,503
FORMER CFO
Former, 0.00 hrs/week
$0$704,622$61,676$766,298

1,109 people received more than $100,000 in reportable compensation from Regions Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$500M$1.00B$1.50B$2.00B201920202021202220232024$1.13B$1.09B
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$1.13B$1.09B90.3%$874M$3,838,003
2023 ⓘ$1.06B$994M91.0%$822M$3,630,317
2022 ⓘ$941M$928M91.4%$725M$3,271,058
2021 ⓘ$937M$865M91.7%$750M$2,075,274
2020 ⓘ$834M$790M92.5%$676M$2,581,647
2019 ⓘ$835M$794M94.7%$620M$2,444,428

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b16 · 11 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 57,374
  • Volunteers Part I, line 6322

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
KRAUS-ANDERSON CONST CO
Construction
$12,517,900
UNIVERSITY OF MINNESOTA
Physician services
$12,171,089
LANGUAGE LINE SOLUTIONS
Interpreter
$3,888,988
WELLTOWER INC
Property management
$3,856,702
HEALTH SYSTEMS COOP LAUNDRIES
Cleaning & laundry
$3,617,940

Individuals listed as contractors are left out. 214 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Regions Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Regions Hospital, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in Minnesota

Questions people ask

How much of Regions Hospital's spending goes to programs?

In calendar year 2024, Regions Hospital reported that 90.3% of its $1.09 billion in expenses went to program services, 9.7% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Regions Hospital pay its top executive?

The largest total compensation Regions Hospital reported for one person in calendar year 2024 was $3,838,003, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Regions Hospital get its money?

Of $1.13 billion in revenue in calendar year 2024, 0.3% came from contributions and grants (including 0.2% from government grants) and 96.3% from program service revenue (Form 990, Part VIII).

Is Regions Hospital a registered charity?

The IRS lists EIN 41-0956618 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503219349319115 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202403189349311430 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333189349301598 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233149349305678 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133199349314228 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202023209349301767 · read the filing

All filings for EIN 41-0956618: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.