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
Allina Health System 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.
In 2016, total revenue was $4.104 billion while total expenses were $4.073 billion (including $170 million in depreciation). The three largest expenses were compensation ($2.5 billion), office-related ($767 million), and fees for services ($383 million). The net assets or fund balance at the beginning of the year was $2.330 billion. After adding excess revenue ($31 million) and net unrealized gains on investments and other changes in assets ($37 million), the net assets or fund balance was $2.398 billion at year-end. Read more