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Posts tagged ‘Elizabeth Truesdell Smith’

8
Jun

Executive Compensation at Allina Health System (2017)

Allina Health System (AHS) is a non-profit health care provider based in Minneapolis that owns or operates 13 hospitals and more than 90 clinics through Minnesota and Wisconsin. Key information about AHS includes:

  • Total revenue in 2017 was $4.3 billion, most of which came from program revenue (health services).
  • Total expenses in 2017 were $4.1 billion (including $180 million in depreciation). The largest expense was compensation which totaled $2.6 billion, followed by office-related expenses at $800 million.
  • AHS began the year with $2.4 billion in fund balances (net assets). After adding the excess revenue over expenses ($173 million) and unrealized gains on investments ($133 million), AHS had $2.7 billion in fund balances at year-end.

AHS is the direct controlling entity of many other non-profits but the focus of this post is limited to the executive compensation at AHS as reported to the IRS on Form 990. Read more »