University of Minnesota Physicians
University of Minnesota Physicians reported $1.01 billion in revenue and $960.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $93.10 went to program services, $6.90 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: 99.4% of the total. The highest compensation it reported for one person was $2,000,715 (EMPLOYED PHYSICIAN). 2,296 people received more than $100,000 in reportable compensation. Revenue rose 44% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $960MFor 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
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $1.01BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.9% | 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 | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.4% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,000,715 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.21% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 2,296 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.4 | 6.6 |
| Independent voting board members Part VI 1a–1b | 6 of 18 | 88.9% |
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
FY2025 · Form 990, Part III · the three largest programs by expenseUniversity of Minnesota Physicians (ump) serves as the integrated, multi-specialty group practice for the University of Minnesota medical school (medical school) faculty. It operates as an integral part of the medical school, a component of the University of Minnesota (university), which is a tax-exempt land grant public university.(continued on schedule o)as the designated practice group for the medical school's faculty, ump was established to support the medical school's tripartite mission: clinical care, teaching, and research. It is the organization through which the faculty physicians…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EMPLOYED PHYSICIAN Highest compensated employee, 20.00 hrs/week | $1,882,778 | $50,432 | $67,505 | $2,000,715 |
| EMPLOYED PHYSICIAN Highest compensated employee, 20.00 hrs/week | $1,471,277 | $93,381 | $84,356 | $1,649,014 |
| EMPLOYED PHYSICIAN Highest compensated employee, 20.00 hrs/week | $1,349,557 | $54,843 | $63,505 | $1,467,905 |
| PHYSICIAN & BOARD VICE CHA Director/trustee, 20.00 hrs/week | $511,777 | $771,404 | $138,680 | $1,421,861 |
| EMPLOYED PHYSICIAN Highest compensated employee, 20.00 hrs/week | $1,148,390 | $0 | $74,651 | $1,223,041 |
| EMPLOYED PHYSICIAN Highest compensated employee, 20.00 hrs/week | $1,066,383 | $0 | $57,535 | $1,123,918 |
| DIRECTOR AND EMPLOYED PHYSICIAN Director/trustee, 20.00 hrs/week | $559,826 | $404,420 | $105,394 | $1,069,640 |
| PHYSICIAN & BOARD CHAIR Director/trustee, 20.00 hrs/week | $37,058 | $939,524 | $73,221 | $1,049,803 |
2,296 people received more than $100,000 in reportable compensation from University of Minnesota Physicians (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.8M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · 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–1b18 · 6 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 55,207
- Volunteers Part I, line 66
Correct a figure or respond
Every number above is copied from University of Minnesota Physicians's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Minnesota Physicians, you can publish a response that is linked from this page.
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Of every $100 University of Minnesota Physicians spent in FY2025, $93.10 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of University of Minnesota Physicians's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Minnesota Physicians reported that 93.1% of its $960.5 million in expenses went to program services, 6.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does University of Minnesota Physicians pay its top executive?
The largest total compensation University of Minnesota Physicians reported for one person in the fiscal year ending June 30, 2025 was $2,000,715, for the role of EMPLOYED PHYSICIAN (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Minnesota Physicians get its money?
Of $1.01 billion in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 99.4% from program service revenue (Form 990, Part VIII).
Is University of Minnesota Physicians a registered charity?
The IRS lists EIN 41-1843943 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
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621349349306342 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521279349302792 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441319349300434 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331149349300763 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210849349301421 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141109349301414 · read the filing
All filings for EIN 41-1843943: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.