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Hennepin Healthcare System

Also known as Hennepin Healthcare

Minneapolis, MN · EIN 42-1707837 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Hennepin Healthcare System reported $1.71 billion in revenue and $1.72 billion in expenses for calendar year 2024. Of every $100 it spent, $89.18 went to program services, $10.82 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: 92.0% of the total. The highest compensation it reported for one person was $1,214,250 (PHYSICIAN DIVISION CHAIR). 2,190 people received more than $100,000 in reportable compensation. Revenue rose 53% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.72B

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 $1.71B

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)
89.2%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
10.8%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
8.0%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
2.3%0.1%
Program service revenue share
Part VIII 2g ÷ 12
92.0%93.7%
Highest reported compensation
Part VII-A, columns D–F
$1,214,250$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.07%1.34%
People paid over $100,000
Part VII, line 2
2,19027
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
-0.06.6
Independent voting board members
Part VI 1a–1b
9 of 1288.9%

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
$1.50B expenses · 97.9% of program spending · grants $4.5M · revenue $1.51B

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 a nurse home visiting program. Hhs is also recognized nationally for leadership in medical education, emergency preparedness, research, and compassionate care in multiple specialties. Hhs operated a hospital with licensed capacity of 894 beds and 65 bassinets, 469 beds and 65 bassinets of which were available, as…

$31M expenses · 2.0% of program spending · grants $139K · revenue $53M

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…

$995K expenses · 0.1% of program spending · grants $300K

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

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
PHYSICIAN DIVISION CHAIR
Highest compensated employee, 40.00 hrs/week
$1,161,851$0$52,399$1,214,250
PHYSICIAN-MANAGING
Highest compensated employee, 40.00 hrs/week
$1,049,370$0$58,740$1,108,110
CHIEF EXECUTIVE OFFICER
Director/trustee, officer, 40.00 hrs/week
$927,516$0$80,130$1,007,646
PHYSICIAN-RADIOLOGY DIAGNOSTIC
Highest compensated employee, 40.00 hrs/week
$859,776$0$54,152$913,928
PHYSICIAN-RADIOLOGY IR
Highest compensated employee, 40.00 hrs/week
$845,183$0$60,396$905,579
PHYSICIAN-MNG-RADIOLOGY
Highest compensated employee, 40.00 hrs/week
$844,942$0$58,740$903,682
CMO (INTERIM) (UNTIL 5/24)
Key employee, 40.00 hrs/week
$608,539$0$52,155$660,694
DIRECTOR/PHYSICIAN (UNTIL 4/24)
Director/trustee, 40.00 hrs/week
$560,366$0$60,396$620,762

2,190 people received more than $100,000 in reportable compensation from Hennepin Healthcare System (Part VII, line 2). Compensation of current officers, directors and key employees totaled $7.2M (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$1.71B$1.72B
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$1.71B$1.72B89.2%−$884K$1,214,250
2023 ⓘ$1.55B$1.61B88.3%$7.7M$1,192,705
2022 (amended) ⓘ$1.43B$1.46B86.5%$57M$1,184,783
2021 ⓘ$1.36B$1.31B88.7%$93M$1,147,880
2020 ⓘ$1.21B$1.17B85.9%$49M$1,104,600
2019 ⓘ$1.11B$1.13B86.9%$9.4M$1,264,515

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–1b12 · 9 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 58,681
  • Volunteers Part I, line 6286

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
SHIFTWISE INC
Workforce management
$11,011,707
STANDARD CONSTRUCTION LLC
Construction contractor
$10,696,092
REGENTS OF THE UNIVERSITY OF MINNESOTA
Education and training
$8,125,149
NORTHERN AIR CORPORATION
Mechanical and electrical contractor
$7,492,742
THE CHAPPELLE GROUP LLC
Business management
$5,795,292

Individuals listed as contractors are left out. 336 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Hennepin Healthcare System totaling $180 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Hennepin Healthcare System's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hennepin Healthcare System, 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 Hennepin Healthcare System's spending goes to programs?

In calendar year 2024, Hennepin Healthcare System reported that 89.2% of its $1.72 billion in expenses went to program services, 10.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Hennepin Healthcare System pay its top executive?

The largest total compensation Hennepin Healthcare System reported for one person in calendar year 2024 was $1,214,250, for the role of PHYSICIAN DIVISION CHAIR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Hennepin Healthcare System get its money?

Of $1.71 billion in revenue in calendar year 2024, 8.0% came from contributions and grants (including 2.3% from government grants) and 92.0% from program service revenue (Form 990, Part VIII).

Is Hennepin Healthcare System a registered charity?

The IRS lists EIN 42-1707837 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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 202503089349302050 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202413169349302056 · read the filing
  • 2022: Form 990 for calendar year 2022 (amended), object 202430229349300813 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202232569349301618 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202112869349301411 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202023219349308332 · read the filing

All filings for EIN 42-1707837: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.