Civic Intelligence

Fairview Health Services

990 • Fiscal year 2018 • EIN 41-0991680

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 05, 2019

2450 Riverside AvenueMinneapolis, MN 55454

(612) 672-4976

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.50x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Liabilities / Revenue

49th percentile

0.65x

Higher debt load relative to revenue than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Net Margin

40th percentile

5.3%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Top Officer Pay

56th percentile

$2,058,202

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Asset Growth

25th percentile

1.4%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

2.9%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,024,449,142

Up $68,137,761 (+1.4%) from 2017

Net Assets

Up

$2,523,628,686

Up $5,712,550 (+0.2%) from 2017

Liabilities

Up

$2,500,820,456

Up $62,425,211 (+2.6%) from 2017

Revenue

Up

$3,864,893,941

Up $109,315,196 (+2.9%) from 2017

Expenses

Up

$3,660,770,961

Up $325,287,769 (+9.8%) from 2017

Net Income

Down

$204,122,980

Down $215,972,573 (-51%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0B$6.0B$4.0B$2.0B$0Assets 2010: $2,564,961,247Liabilities 2010: $1,431,994,180Net Assets 2010: $1,132,967,0672010Assets 2011: $2,600,633,058Liabilities 2011: $1,487,604,088Net Assets 2011: $1,113,028,9702011Assets 2012: $2,770,113,656Liabilities 2012: $1,488,229,548Net Assets 2012: $1,281,884,1082012Assets 2013: $3,037,108,737Liabilities 2013: $1,494,095,886Net Assets 2013: $1,543,012,8512013Assets 2014: $3,259,852,257Liabilities 2014: $1,555,761,335Net Assets 2014: $1,704,090,9222014Assets 2015: $3,394,576,929Liabilities 2015: $1,616,309,904Net Assets 2015: $1,778,267,0252015Assets 2016: $3,812,352,613Liabilities 2016: $1,805,898,143Net Assets 2016: $2,006,454,4702016Assets 2017: $4,956,311,381Liabilities 2017: $2,438,395,245Net Assets 2017: $2,517,916,1362017Assets 2018: $5,024,449,142Liabilities 2018: $2,500,820,456Net Assets 2018: $2,523,628,6862018Assets 2019: $5,216,914,002Liabilities 2019: $2,684,722,845Net Assets 2019: $2,532,191,1572019Assets 2020: $5,390,468,971Liabilities 2020: $2,722,722,233Net Assets 2020: $2,667,746,7382020Assets 2021: $5,451,049,538Liabilities 2021: $2,632,690,764Net Assets 2021: $2,818,358,7742021Assets 2022: $4,846,810,478Liabilities 2022: $2,387,322,415Net Assets 2022: $2,459,488,0632022Assets 2023: $6,065,285,634Liabilities 2023: $3,560,104,838Net Assets 2023: $2,505,180,7962023Assets 2024: $6,494,256,080Liabilities 2024: $3,866,623,789Net Assets 2024: $2,627,632,2912024

Highlighted filing

2018

Assets$5,024,449,142
Liabilities$2,500,820,456
Net Assets$2,523,628,686

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0B$4.0B$2.0B$0-$2.0BExpenses 2010: $2,636,956,5572010Revenue 2011: $2,575,125,227Expenses 2011: $2,570,609,650Net Income 2011: $4,515,5772011Expenses 2012: $2,802,417,4232012Revenue 2013: $3,245,978,329Expenses 2013: $2,975,842,907Net Income 2013: $270,135,4222013Revenue 2014: $3,362,539,501Expenses 2014: $3,155,838,893Net Income 2014: $206,700,6082014Revenue 2015: $3,747,280,284Expenses 2015: $3,541,811,776Net Income 2015: $205,468,5082015Revenue 2016: $3,487,488,197Expenses 2016: $3,254,688,711Net Income 2016: $232,799,4862016Revenue 2017: $3,755,578,745Expenses 2017: $3,335,483,192Net Income 2017: $420,095,5532017Revenue 2018: $3,864,893,941Expenses 2018: $3,660,770,961Net Income 2018: $204,122,9802018Revenue 2019: $4,003,782,639Expenses 2019: $4,055,876,719Net Income 2019: -$52,094,0802019Revenue 2020: $3,902,493,335Expenses 2020: $3,798,344,077Net Income 2020: $104,149,2582020Revenue 2021: $4,116,779,480Expenses 2021: $3,711,951,365Net Income 2021: $404,828,1152021Revenue 2022: $4,357,862,154Expenses 2022: $4,188,688,822Net Income 2022: $169,173,3322022Revenue 2023: $4,707,970,630Expenses 2023: $4,384,272,662Net Income 2023: $323,697,9682023Revenue 2024: $5,326,063,577Expenses 2024: $4,885,812,724Net Income 2024: $440,250,8532024

Highlighted filing

2018

Revenue$3,864,893,941
Expenses$3,660,770,961
Net Income$204,122,980
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$5,360,383,683
Mission and Program Overview

Mission

Fairview's mission is: to improve the health of the communities we serve. We commit our skills and resources to the benefit of the whole person by providing the finest in healthcare, while addressing the physical, emotional and spiritual needs of individuals and their families. We further pledge to support the research and education efforts of our partner, the university of minnesota, and its tradition of excellence. Fairview's vision: to be the best health care delivery system for america, in partnership with the university of minnesota. Fairview's most significant activities: fairview health services provides a full continuum of health care services throughout its service area which includes minneapolis-st. Paul, as well as communities throughout greater minnesota. In partnership with the university of minnesota, fairview staff and providers are redesigning care delivery and payment to provide greater value-exceptional patient care and experience at a lower total cost of care.

Fairview is driven to heal, discover and educate for longer, healthier lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,385,742,574$1,548,103,182▲ $162,360,608
Investments in Publicly Traded Securities$1,436,519,499$1,270,615,460▼ $165,904,039
Land, Buildings, and Equipment, Net$846,361,187$826,704,943▼ $19,656,244
Savings and Temporary Cash Investments$539,930,290$515,925,664▼ $24,004,626
Investments Other Securities$98,803,918$193,127,246▲ $94,323,328
Inventories for Sale or Use$89,602,465$99,498,315▲ $9,895,850
Prepaid Expenses and Deferred Charges$27,506,113$29,722,050▲ $2,215,937
Pledges and Grants Receivable$19,501,113$18,591,677▼ $909,436
Investments Program Related$63,873,859$13,015,139▼ $50,858,720
Cash and Non-Interest-Bearing Accounts$1,507,077$1,065,611▼ $441,466
Total Assets$4,956,311,381$5,024,449,142▲ $68,137,761
Other Assets Total$446,963,286$508,079,855▲ $61,116,569
Liabilities
Tax Exempt Bond Liabilities$736,298,317$837,239,532▲ $100,941,215
Other Liabilities$669,461,745$594,918,298▼ $74,543,447
Accounts Payable and Accrued Expenses$468,077,095$539,172,626▲ $71,095,531
Mortgage Notes Payable Secured by Investment Property$564,558,088$529,490,000▼ $35,068,088
Total Liabilities$2,438,395,245$2,500,820,456▲ $62,425,211
Net Assets / Fund Balance
Unrestricted Net Assets$2,463,398,716$2,469,128,711▲ $5,729,995
Temporarily Rstr Net Assets$54,517,420$54,499,975▼ $17,445
Total Net Assets Fund Balance$2,517,916,136$2,523,628,686▲ $5,712,550
Total Liabilities and Net Assets / Fund Balance$4,956,311,381$5,024,449,142▲ $68,137,761

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$559,052,078$644,190,720$1,203,242,798
Equipment$135,042,639$520,451,882$655,494,521
Other Land Buildings$99,621,553$70,463,941$170,085,494
Leasehold Improvements$17,442,935$27,577,740$45,020,675
Land$15,545,738-$15,545,738
Other Assets Org$103,580--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$6,178,465$38,521▼ $461,060-$5,757,124
2017$1,512,011$52,144▲ $12,253-$1,575,829
2016$1,459,459$52,743▲ $408-$1,512,011
2015$1,456,099$19,523▼ $15,640-$1,459,459
2014$1,395,623$68,592▲ $12,345-$1,456,099
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael Campoli M DSurgeonFT$1,944,005$513,690$2,058,202
Rohann Lall MdSurgeonFT$1,395,093$110,716$1,954,769
James HerefordPresident/ceFT$1,780,267$84,827$1,865,094
James HerefordPresident/CEO-$1,340,912$609,245$1,865,094
Frederick B Harris MdNeuro SurgeoFT$1,687,044$72,440$1,759,484
Frederick B Harris MdNeuro Surgeon-$1,621,259$80,315$1,759,484
Daniel M FrommChief FinancFT$1,141,022$249,758$1,390,780
Daniel M FrommChief Financial Ofcr-$785,742$560,806$1,390,780
Robert BeacherChief of ShaFT$960,894$219,809$1,180,703
Robert BeacherChief of Shared Clin-$601,546$1,415,767$1,180,703
John DohertySr. OperatinFT$901,894$203,134$1,105,028
John DohertySr. Operating Exec.-$675,071$440,050$1,105,028
Carolyn WilsonFormer Offic-$1,071,520-$1,071,520
Carolyn WilsonFormer Officer---$1,071,520
Trudi TryslaSr. VP & GenFT$700,894$161,273$862,167
Trudi TryslaSr. VP & General COU-$508,043$305,227$862,167
Mark Welton MdChief MedicaFT$756,057$86,768$842,825
Mark Welton MdChief Medical Office-$641,639$203,645$842,825
James Lorge MdSurgeonFT$658,746$67,914$819,233
M Osman AkhtarCOO, End 9-2FT$753,077$56,325$809,402
M Osman AkhtarCOO, End 9-2018-$615,779$242,918$809,402
William Omile MdSurgeonFT$690,983$69,201$798,569
Laura Reed RnChief NursinFT$638,399$85,201$723,600
Laura Reed RnChief Nursing Office-$599,498$126,632$723,600
Carolyn JacobsonChief Hr OffFT$573,211$144,163$717,374
Carolyn JacobsonChief Hr Officer-$452,681$313,344$717,374
Alistair JacquesCIO, End 10-FT$543,994$140,099$684,093
Alistair JacquesCIO, End 10-2018-$402,283$288,296$684,093
Mark ThomasP-CEO Eb, EnFT$441,103$149,271$590,374
Mark ThomasP-CEO Eb, End 8-18-$253,405$346,721$590,374
Kathryn CorreiaCAO, End 5-2FT$295,524$237,189$532,713
Bradley BeardPres-south EFT$352,216$159,628$511,844
Bradley BeardPres-south End 3-18-$155,872$179,503$511,844
Michael J YousoPresident -FT$401,832$107,279$509,111
Michael J YousoPresident - Gich-$323,773$178,234$509,111
Kimberly DerocheCo Primary CFT$413,406$73,201$486,607
Kimberly DerocheCo Primary Care-$379,338$223,166$486,607
Patrick HersonPres-north,FT$325,848$151,395$477,243
Patrick HersonPres-north, End 3-18-$116,244$251,702$477,243
Jonathan LundbergPresident -FT$384,352$72,369$456,721
Jonathan LundbergPresident - Ebenezer-$319,335$201,931$456,721
Patrick BellandPres-ridges,FT$340,271$103,160$443,431
Patrick BellandPres-ridges,end 8-18-$260,212$308,315$443,431
John BjorklundSr. VP PatieFT$326,623$63,051$389,674
John BjorklundSr. VP Patient Care-$298,783$68,051$389,674
Kathryn CorreiaCAO, End 5-2018-$295,524$176,548$304,942
Debra BoardmanPres-range,FT$156,215$109,304$265,519
Debra BoardmanPres-range, End 1-18-$31,630$333,155$265,519
John HermanPresnorthnd,FT$171,117$88,480$259,597
John HermanPresnorthnd,end 3-18-$75,882$279,536$259,597
Ann HengelDirector-$35,000-$35,000
John HeinmillerDirector-$35,000-$35,000
Bradford WallinDirector-$25,000-$25,000
Carol Ley MdDirector-$25,000-$25,000
Karen GrabowDirector-$25,000-$25,000
Richard OstlundDirector-$25,000-$25,000
Betsy WerginDirector-$20,000-$20,000
Kenneth RoeringDirector-$20,000-$20,000
Kevin RobergDirector-$20,000-$20,000
Michael ConnlyDirector-$20,000-$20,000
Rich Thompson MdDirector-$20,000-$20,000
Tim MarxDirector-$20,000-$20,000
Julie CauseyDirector-$15,000-$15,000

Board Members and Trustees

NameTitle
Ann Lowry MdDirector
Brian BurnettDirector
Jakub Tolar MdDirector
Sophia VinogradovDirector, Ne

Highest Paid Contractors

ContractorServicesLocationCompensation
University Of Minnesota PhysiciansMedical/physici420 DELAWARE ST NE, PRO UNLIMITED MPS INC, Minneapolis, MN 55455$278,719,084
University Of Minnesota - RegentsEducation420 DELAWARE ST NE, SUITE 315 SOUTH, Minneapolis, MN 55455$69,724,392
Rightsourcing INCEmployment Serv999 STEWART AVE STE 100, Bethany, NY 11714$17,904,339
LifesourceMedical Supply2550 UNIVERSITY AVE W, St Paul, MN 55114$14,759,730
Microsoft CorporationService-supportPO BOX 844510, Dallas, TX 75284-4510$13,664,569
Revenue and Support

Revenue Composition

Contributions and Grants
$3,363,390
Program Service Revenue
$3,402,188,888
Investment Income
$59,505,192
Other Revenue
$399,836,471
All Other Contributions
$513,108
Change in Net Assets
$204,122,980

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$171,761Fair Market Value (FMV)
Total Noncash Contributions1$171,761-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,935,729,528
Salaries, Compensation, and Employee Benefits$1,722,743,238
Grants and Similar Amounts Paid$2,298,195
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,136,284,005$240,493,421-$1,376,777,426
Fees for Services Other$139,893,314$137,813,197-$277,706,511
Other Employee Benefits$149,858,700$29,372,901-$179,231,601
Fees for Services Management$99,412,517$52,825,223-$152,237,740
Depreciation Depletion$75,188,837$24,007,384-$99,196,221
Payroll Taxes$69,656,761$16,428,356-$86,085,117
Occupancy$54,251,860$16,259,264-$70,511,124
Office Expenses$51,221,752$17,944,265-$69,166,017
Pension Plan Contributions$57,896,918$10,609,954-$68,506,872
Interest$36,597,406$194,153-$36,791,559
Insurance$6,928,337$14,370,620-$21,298,957
All Other Expenses$13,490,024$5,467,183-$18,957,207
Other Expenses$15,857,223$1,627,261-$17,484,484
Current Officers, Directors, Trustees, and Key Employees-$11,070,702-$11,070,702
Travel$3,467,402$2,656,869-$6,124,271
Conferences and Meetings$3,568,554$1,505,435-$5,073,989
Fees for Services Legal$61,886$3,927,546-$3,989,432
Fees for Service Investment Mgmnt Fees-$2,464,566-$2,464,566
Grants to Domestic Orgs$2,298,195--$2,298,195
Comp Disqual Persons-$1,071,520-$1,071,520
Fees for Services Accounting-$920,758-$920,758
Fees for Services Lobbying$883,329--$883,329
Advertising$37,044$600,614-$637,658
Total Functional Expenses$3,017,133,191$643,637,770$0$3,660,770,961
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fairview FoundationMinneapolis, MN501c3Hospital Support$2,193,195
Ump - Peds BmtMinneapolis, MN501c3Clinical Care$105,000

International Summary

Employees
1
Spending
$85,567,741

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and CaribbeanInvestment---$76,956,798
Central America and CaribbeanProgram ServicesInsurance-1$8,610,943
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities & Related Org$422,892,883
Derivative Financial Instruments$57,639,494
Work Comp Reserve$54,247,329
Ins Sub Claims Reserve$23,798,345
Other Lt Liabilities$22,947,282
Deferred Rent$9,158,632
Post Retirement$3,295,246
Lt Pension$939,087

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCity of Minneapolis2018-10-10$279,898,918SEE PART VI
DHousing & Redevel City of Saint Pau2017-08-30$224,728,004SEE PART VI
CCity of Minneapolis2018-10-10$223,525,000SEE PART VI
ACity of Minneapolis2015-09-02$122,972,746SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$280,106,908$177,918,106$4,825,000$1,976,281
D$224,728,004$31,649,577-$2,014,876
C$223,525,000$222,504,897-$1,020,103
A$122,972,746$90,563,022$6,550,000$1,409,724

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The members of the corporation are the individuals who constitute the directors of this corporation.

Form 990, Page 6, Part VI, Line 7A

The board has three categories of directors: 1) 3 ex officio who are fairview's ceo and the university's vice president of medical school and a senior leader of the university medical school or of the university appointed, from time to time, by the vice president 2) 10 elected directors who are 1 director elected by the regents of the university of minnesota and 9 elected by the board after nomination from certain components of the fairview system; and 3) between 3 to 8 at-large directors elected by the board.

Form 990, Page 6, Part VI, Line 7B

The regents of the university of minnesota have the right to approve proposed amendments to the articles of incorporation and bylaws of the corporation if the amendment would adversely affect their rights and certain sales of substantially all of fairview's assets. An association of approximately 70 lutheran churches elects most of the fairview southdale hospital, fairview ridges hospital and part of the ummc boards of trustees, as well as the fpa community directors and the ebenezer society board of directors and has the right to approve certain fairview bylaw amendments.

Form 990, Page 6, Part VI, Line 11B

The tax department conducts a detailed review of the completed return and it is then reviewed by an independent tax consultant. The return is then also reviewed by fairview's general counsel, fairview's chief financial officer, controller, and vice president and treasurer. The form 990 is presented to the finance committee for review of content. The form 990 is subsequently provided to the members of the board of directors prior to filing. Upon approval from the board of directors, the form 990 is filed.

Form 990, Page 6, Part VI, Line 12C

Managers, directors and senior management of fairview are required to annually complete fairview's duty of loyalty and conflict of interest statement in compliance with fairview's conflict of interest policy. Disclosures are reviewed by the compliance department. Conflicts of interests by board members and senior management are brought to the audit and compliance committee of the board, along with additional detailed information, for review. In addition, the compliance officer compiles a schedule showing reported conflicts of interest by managers and key employees is also presented to the conflict of interest review committee for review and discussion. Any problematic issues arising from these disclosures are discussed and resolved by the committee. Board members and management employees are expected to update their conflicts, as necessary, during the year.

Form 990, Page 6, Part VI, Line 15A

The determination of executive compensation of the organization is processed by the board's human resources committee and includes a review of comparability data, review by independent experts and contemporaneous substantiation of the deliberation and decision process. The full board approves executive compensation.

Form 990, Page 6, Part VI, Line 15B

The determination of officer and key employee compensation of the organization is processed by the board's human resources committee and includes a review of comparability data, review by independent experts and contemporaneous substantiation of the deliberation and decision process.

Form 990, Page 6, Part VI, Line 19

Fairview health services makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Inspection of the documents is available at the corporate finance department.

Filing and Contact Details

Filer

Filer Name
Fairview Health Services
EIN
41-0991680
Phone
6126724976
Address
2450 RIVERSIDE AVENUE, MINNEAPOLIS, MN 55454

Signing Officer

Name
James Hereford
Title
President/CEO
Phone
6126724976
Signed
2019-11-05

Organization Details

Principal Officer
James Hereford
Formed
1906
Legal Domicile
Mn
Voting Board Members
18
Independent Board Members
17
Employees
21,891
Volunteers
4,677

Preparer

Firm
Deloitte Tax Llp
Address
50 SOUTH SIXTH STREET SUITE 2800, MINNEAPOLIS, MN 55402
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Fairview's mission is: to improve the health of the communities we serve. We commit our skills and resources to the benefit of the whole person by providing the finest in healthcare, while addressing the physical, emotional and spiritual needs of individuals and their families. We further pledge to support the research and education efforts of our partner, the university of minnesota, and its tradition of excellence. Fairview's vision: to be the best health care delivery system for america, in partnership with the university of minnesota. Fairview's most significant activities: fairview health services provides a full continuum of health care services throughout its service area which includes minneapolis-st. Paul, as well as communities throughout greater minnesota. In partnership with the university of minnesota, fairview staff and providers are redesigning care delivery and payment to provide greater value-exceptional patient care and experience at a lower total cost of care.

Form 990, Page 1, Part I, Line 6

Our volunteers are valued members of the health care team, enhancing the patient and family experience by meeting our patients' needs. Some of the services provided include wayfinding for patients, families and visitors and escorts and wheelchair transports for patients and family members. Our volunteers provide hospitality for patients, families and visitors and provide assistance with special onsite and community events and activities.

Form 990, Page 2, Part III, Line 4A

Providing medical services: fairview health services is an award-winning, nonprofit, integrated health system providing exceptional health care across the full spectrum of health care services. Founded in 1906, fairview provides exceptional care to patients and communities as one of the most comprehensive and geographically accessible systems in minnesota. The fairview system controls and operates university of minnesota medical center, the adult and pediatric teaching hospital of the university of minnesota medical school; 9 community-based general acute care hospitals; 1 long-term acute care hospital; 56 primary care clinics; over 100 specialty care services; 10 urgent care clinics; occupational health clinics; 36 retail and specialty pharmacies; pharmacy benefit management services; rehabilitation centers; counseling; home care and hospice services; 90 owned and managed senior care facilities and long-term care housing facilities (through ebenezer society, a fairview subsidiary); emergency medical transportation; an integrated provider network; and health insurer preferredone. Fairview's 34,000+ employees and network of 5,000+ providers embrace innovation and new thinking to drive a healthier future through healing, discovery and education. In partnership with the university of minnesota, fairview is committed to participating in nation-leading research and educating tomorrow's physicians and health care professionals. We serve patients from across the state of minnesota, the upper midwest and beyond. In addition to our employed physicians, we work closely with the academic physicians at university of minnesota physicians and with fairview physician associates, a network of independent physicians. Fairview has enjoyed a long partnership with the university of minnesota and university of minnesota physicians, which is represented in the university of minnesota health brand. In 2018, we extended our partnership, with work underway to build an academic health system focused on patient- centered care, innovation, and clinical excellence. Fairview health services had 1,144,520 outpatient registrations and provided 2,154,261 clinic visits in 2018. The health care and medical services which fairview provides to the community include, but are not limited to: primary, specialty, tertiary, and quaternary care; hospital and physician services; senior services; assisted living; home care and hospice; long-term care; urgent care and emergency services; pharmacy; care of mothers and children; physical therapy/sports medicine; rehabilitation services; and inpatient and outpatient behavioral health care and chemical dependency services. Fairview provides specialized care for the treatment of cancer, heart disease, diabetes, wound care, chronic conditions, solid organ transplant, blood and marrow transplant, and many other specialties. Fairview also offers social work services, health education and support groups, and services for various health issues. Fairview health services provides care at these hospitals and medical center: fairview lakes medical center is a community hospital in wyoming, minnesota with 61 licensed beds. Since opening in 1998, the medical center works with nearby fairview primary and specialty clinics, and with university of minnesota health specialists, to bring a wide range of medical services to the surrounding area. Fairview lakes is a babyfriendly hospital, designated by baby friendly usa and has been recognized as a breast imaging center of excellence by american college of radiology. The hospital was awarded a 4-star rating in the 2019 centers for medicare & medicaid "hospital compare" quality survey. Key services include labor and delivery, heart care, cancer care, breast care/mammography, orthopedic surgery, general surgery, spine & brain, and sleep services. Fairview range medical center is located in hibbing, minn., and has 175 licensed beds. From prevention and disease management to the most complex of lif

Form 990, Page 2, Part III, Line 4B

Cost of participating in government programs: fairview is committed to serving the health care needs of members of its community. To support full access to services, fairview participates in the following public health care programs: medicare, medicaid, and minnesotacare. Reimbursement from these programs for services rendered, generally falls below the cost of providing the care. To compensate for the under funding by government programs, fairview makes a significant financial investment to offset these losses. In 2018, fairview incurred 61,580,687 of taxes and surcharge costs in health care services that exceeded the reimbursement received by public programs, surcharge, taxes and fees related to these programs and not including medicare. The following is a breakdown on costs related to the cost of participating in government programs: costs exceed medicaid reimbursement: fairview is serving thousands of low- income individuals covered by medical assistance and minnesotacare. Reimbursement from these programs is less than fairview's cost of providing care to these patients. Total medicaid surtax costs related to hospitals, pharmacies, and surgical centers was 24,722,106. Minnesotacare tax: the state of minnesota levies a 2 percent tax on certain healthcare provider revenues. Money generated from this tax helps to defray the costs incurred from minnesotacare and other programs/services for uninsured individuals. In 2018, fairview paid 36,200,638 in minnesotacare taxes. Taxes and fees: fairview does pay some property tax to local and state government. This helps to fund civil and educational services in the community. The real estate costs for 2018 totaled 4,848,646 and the sales and income taxes totaled 657,943. Costs exceeding medicare reimbursement: fairview cares for thousands of individuals ages 65 and older who are covered by medicare. Fairview incurred 157,009,482 of medicare reimbursement shortfalls. Reimbursement from medicare is less than fairview's cost of providing care to the patient. The total cost of providing these benefits was 893,926,411.

Form 990, Page 2, Part III, Line 4C

The primary purpose of our educational and research programs is to benefit patients and the community at large by educating health professionals both within fairview and in the broader community, and by fostering advances in knowledge and evidence-based improvements to clinical treatments and approaches to health care delivery. In partnership with the university of minnesota academic health center and university of minnesota physicians, fairview has a strong and abiding commitment to research and education. Together, we view research as an integral and critical component in providing exceptional care to patients and the community. We seek to be a national leader in clinical research and a regional center for clinical research activities. Fairview health services continued its focus on and support of research and education in 2018. This commitment included providing the resources of time, money and talent while ensuring the facilities, supporting infrastructures, and processes were available to facilitate and encourage the creation of new knowledge. Fairview has more than 350 active medical research projects underway across the health care system. Research ranges from deep brain stimulation to ultrasound treatment of rheumatoid arthritis, recurrent hypoglycemia and many other topics. Fairview offers numerous sponsorships and training programs, internships, and scholarships to employees and their dependents - as well as to students in our communities. Fairview partners with more than 179 schools, 255 faith communities, and 50 community groups. Fairview has educational partnerships with the university of minnesota and st. Catherine university and affiliations with many other institutions. Fairview also offers its own specialized training programs in perioperative nursing and dietetics. Each year, about 5,000 college and graduate students preparing for careers in a wide range of medical fields do clinical training, internships, and job shadowing at fairview hospitals and clinics. Through fairview's close partnership with the university of minnesota, each year roughly 700 medical students, residents, and fellows take courses and do rotations of various lengths at university of minnesota medical center and university of minnesota masonic children's hospital. About 224 medical students do rotations in other fairview settings, including fairview's primary care clinics. Fairview also provides numerous continuing education opportunities to its employees to enable them to ensure they are knowledgeable about the latest innovations in health care delivery.

Form 990, Part V, Line 4B

BERMUDA, CAYMAN ISLANDS

Form 990, Part XI, Line 9

Defined plan valuations 3,580,782 umf funds 1,696,237 related orgs -82,603,701 total -77,326,682

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The intended uses for the endowment funds is for educational grants and awards that are given through the fairview foundation.

Schedule D, Page 3, Part X

Most of fairview's controlled affiliates are tax-exempt organizations as described in section 501(c)(3) of the internal revenue code. These organizations are subject to income tax on any income from unrelated business activities. Fairview also owns or controls certain taxable affiliates. Fairview files income tax returns in the u.s federal jurisdiction and in various state and local jurisdictions. With few exceptions, fairview is no longer subject to u.s. Federal, state, and local or non-u.s. Income tax examinations by tax authorities for years before 2014. Fairview recognizes all tax positions, including those positions in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities, when it is more likely than not (likelihood of greater than 50%) that, based on technical merits, the position will be sustained upon examination. There are no uncertain tax positions recorded in the consolidated balance sheets as of december 31, 2018 or 2017.

Schedule D, Page 4, Part XIII

Schedule d, part v, line 1a: at the end of its fiscal year, august 31, 2018, healtheast foundation was merged into fairview foundation. The amount on schedule d, part v, line 1a for 2015 through 2017 reflect the amounts for fairview foundation. The amount on schedule d, part v, line 1a for 2018 includes balances that were transferred in on september 1 from healtheast foundation that are now part of fairview foundation.

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IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES HEREFORD
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN HEINMILLER
IRS990/Form990PartVIISectionAGrp/PersonNm2ANN HENGEL
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD OSTLUND
IRS990/Form990PartVIISectionAGrp/PersonNm4BRADFORD WALLIN
IRS990/Form990PartVIISectionAGrp/PersonNm5KAREN GRABOW
IRS990/Form990PartVIISectionAGrp/PersonNm6CAROL LEY MD
IRS990/Form990PartVIISectionAGrp/PersonNm7RICH THOMPSON MD
IRS990/Form990PartVIISectionAGrp/PersonNm8BETSY WERGIN
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL CONNLY
IRS990/Form990PartVIISectionAGrp/PersonNm10TIM MARX
IRS990/Form990PartVIISectionAGrp/PersonNm11KEVIN ROBERG
IRS990/Form990PartVIISectionAGrp/PersonNm12KENNETH ROERING
IRS990/Form990PartVIISectionAGrp/PersonNm13JULIE CAUSEY
IRS990/Form990PartVIISectionAGrp/PersonNm14BRIAN BURNETT
IRS990/Form990PartVIISectionAGrp/PersonNm15ANN LOWRY MD
IRS990/Form990PartVIISectionAGrp/PersonNm16JAKUB TOLAR MD
IRS990/Form990PartVIISectionAGrp/PersonNm17SOPHIA VINOGRADOV
IRS990/Form990PartVIISectionAGrp/PersonNm18DANIEL M FROMM
IRS990/Form990PartVIISectionAGrp/PersonNm19JOHN DOHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm20MARK WELTON MD
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IRS990/Form990PartVIISectionAGrp/PersonNm27MARK THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm28KIMBERLY DEROCHE
IRS990/Form990PartVIISectionAGrp/PersonNm29MICHAEL J YOUSO
IRS990/Form990PartVIISectionAGrp/PersonNm30JONATHAN LUNDBERG
IRS990/Form990PartVIISectionAGrp/PersonNm31PATRICK BELLAND
IRS990/Form990PartVIISectionAGrp/PersonNm32PATRICK HERSON
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IRS990/Form990PartVIISectionAGrp/PersonNm40FREDERICK B HARRIS MD
IRS990/Form990PartVIISectionAGrp/PersonNm41JAMES LORGE MD
IRS990/Form990PartVIISectionAGrp/PersonNm42WILLIAM OMILE MD
IRS990/Form990PartVIISectionAGrp/PersonNm43CAROLYN WILSON
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6,494$3,867$2,628$5,326$4,886$440
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6,065$3,560$2,505$4,708$4,384$324
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4,847$2,387$2,459$4,358$4,189$169
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5,451$2,633$2,818$4,117$3,712$405
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5,390$2,723$2,668$3,902$3,798$104
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5,217$2,685$2,532$4,004$4,056$52.1
2018Detailed filing. Detailed filing data is available for this year.$5,024$2,501$2,524$3,865$3,661$204
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4,956$2,438$2,518$3,756$3,335$420
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,812$1,806$2,006$3,487$3,255$233
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,395$1,616$1,778$3,747$3,542$205
2014Summary only. Only limited summary data is available for this year.$3,260$1,556$1,704$3,363$3,156$207
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3,037$1,494$1,543$3,246$2,976$270
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,770$1,488$1,282$2,802
2011Summary only. Only limited summary data is available for this year.$2,601$1,488$1,113$2,575$2,571$4.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,565$1,432$1,133$2,637
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $1B+ nonprofits