Non-profit hospitals in Minnesota: revenue, profit and executive pay
What 54 non-profit hospital organizations covering 64 Minnesota hospitals reported to the IRS on their public Form 990: how much they took in, what they spent and what they paid their leaders.
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Non-profit hospital organizations
54 organizations
They file for 64 Minnesota hospitals listed on this site and together reported $19.7 billion in revenue.
Took in more than they spent
65%
35 reported a surplus and 19 a deficit. The typical margin (surplus as a share of revenue) was 2.5%, against 2.9% nationally.
Largest non-profit hospitals in Minnesota
By total revenue on the latest Form 990. The percentage is the margin: how much of each dollar was left after expenses.
Allina Health System
Minneapolis · 8 hospitals in Minnesota
$5.4 billion
Margin -3.6% · Dec 2023
Fairview Health Services
Princeton · 4 hospitals in Minnesota
$4.7 billion
Margin 6.9% · Dec 2023
Hennepin Healthcare System Inc
Minneapolis
$1.6 billion
Margin -3.5% · Dec 2023
Regions Hospital
St Paul
$1.1 billion
Margin 6.2% · Dec 2023
St Cloud Hospital
St Cloud
$1.0 billion
Margin 4.3% · Jun 2023
North Memorial Health Care
Robbinsdale
$907.6 million
Margin -0.7% · Dec 2023
Every non-profit hospital organization in Minnesota
One row per Form 990 filing, with the Minnesota hospitals it covers. Click a column to sort. Officer pay is the total for all current officers, directors, trustees and key employees together, not one person.
Surplus is revenue minus expenses; a negative figure is a deficit. Net assets are what the organization owns minus what it owes. When a health system files one return for several hospitals, the figures are the system's totals, which may include hospitals in other states.
How Minnesota compares with the U.S.
The typical non-profit hospital organization in Minnesota kept 2.5% of its revenue after expenses, lower than the national median of 2.9%.
| Measure | Minnesota | United States |
|---|---|---|
| Median margin | 2.5% | 2.9% |
| Share with a surplus | 65% | 65% |
| Median revenue | $60.6 million | $124.0 million |
| Median officer pay (total) | $1.5 million | $1.3 million |
Questions about non-profit hospitals in Minnesota
What are the largest non-profit hospitals in Minnesota?
By revenue on their latest IRS Form 990: Allina Health System ($5.4 billion), Fairview Health Services ($4.7 billion), Hennepin Healthcare System Inc ($1.6 billion), Regions Hospital ($1.1 billion), St Cloud Hospital ($1.0 billion). Some of these filings cover a whole health system, including hospitals in other states.
How much do non-profit hospitals in Minnesota make?
The 54 non-profit hospital organizations we matched in Minnesota reported $19.7 billion in combined revenue on their latest Form 990. 35 reported a surplus (more revenue than expenses) and 19 a deficit. The typical (median) margin was 2.5%, lower than the U.S. median of 2.9%.
Which non-profit hospital in Minnesota pays its officers the most?
Allina Health System reported the highest total: $22.8 million. That is the combined pay of all its current officers, directors, trustees and key employees, not one person. Pay for each named executive is in the full filing.
Do non-profit hospitals in Minnesota pay taxes?
Non-profit hospitals are exempt from federal income tax and usually from state and local property and sales taxes. In return they are expected to provide community benefits, such as charity care, and must file a public Form 990 with the IRS each year.
Minnesota hospital finances (Medicare cost reports)
All hospitals in Minnesota
Who owns hospitals
Non-profit hospitals in every state
Source: IRS Form 990 data (Exempt Organizations Business Master File and SOI annual extracts). Organizations are matched to hospitals by legal name and address. Figures are as filed for the latest available tax year. For-profit and government hospitals don't file a Form 990, so they are not listed. About the data.