Civic Intelligence

Fairview Physician Associates Network

990 • Fiscal year 2016 • EIN 41-1753325

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 08, 2017

3400 West 66th Street Rm/Ste 445Minneapolis, MN 55435

(612) 672-6893

Siviq Scores

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

Liabilities / Assets

31st percentile

0.08x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.34x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

17th percentile

-9.8%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

85th percentile

$365,347

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

11th percentile

-8.5%

Faster asset growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-20%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$19,837,278

Down $1,836,273 (-8.5%) from 2015

Net Assets

Down

$18,299,883

Down $200,031 (-1.1%) from 2015

Liabilities

Down

$1,537,395

Down $1,636,242 (-52%) from 2015

Revenue

Down

$4,467,060

Down $1,138,837 (-20%) from 2015

Expenses

Down

$4,906,063

Down $1,105,463 (-18%) from 2015

Net Income

Down

-$439,003

Down $33,374 (-8.2%) from 2015

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $17,576,232Liabilities 2010: $2,924,925Net Assets 2010: $14,651,3072010Assets 2011: $19,815,051Liabilities 2011: $2,828,432Net Assets 2011: $16,986,6192011Assets 2012: $20,788,521Liabilities 2012: $1,969,727Net Assets 2012: $18,818,7942012Assets 2013: $21,180,393Liabilities 2013: $2,207,244Net Assets 2013: $18,973,1492013Assets 2014: $22,262,641Liabilities 2014: $3,005,199Net Assets 2014: $19,257,4422014Assets 2015: $21,673,551Liabilities 2015: $3,173,637Net Assets 2015: $18,499,9142015Assets 2016: $19,837,278Liabilities 2016: $1,537,395Net Assets 2016: $18,299,8832016Assets 2017: $21,025,635Liabilities 2017: $1,465,641Net Assets 2017: $19,559,9942017Assets 2018: $20,671,847Liabilities 2018: $2,372,949Net Assets 2018: $18,298,8982018Assets 2019: $29,747,723Liabilities 2019: $3,481,907Net Assets 2019: $26,265,8162019Assets 2020: $30,607,285Liabilities 2020: $1,408,535Net Assets 2020: $29,198,7502020Assets 2021: $36,917,105Liabilities 2021: $2,794,560Net Assets 2021: $34,122,5452021Assets 2022: $48,954,958Liabilities 2022: $14,856,390Net Assets 2022: $34,098,5682022Assets 2023: $66,199,922Liabilities 2023: $26,432,869Net Assets 2023: $39,767,0532023Assets 2024: $65,793,742Liabilities 2024: $27,121,375Net Assets 2024: $38,672,3672024

Highlighted filing

2016

Assets$19,837,278
Liabilities$1,537,395
Net Assets$18,299,883

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $111,895,2092010Expenses 2011: $120,779,2822011Expenses 2012: $124,760,0762012Revenue 2013: $131,712,396Expenses 2013: $131,407,316Net Income 2013: $305,0802013Revenue 2014: $12,478,589Expenses 2014: $12,348,708Net Income 2014: $129,8812014Revenue 2015: $5,605,897Expenses 2015: $6,011,526Net Income 2015: -$405,6292015Revenue 2016: $4,467,060Expenses 2016: $4,906,063Net Income 2016: -$439,0032016Revenue 2017: $4,058,256Expenses 2017: $3,872,358Net Income 2017: $185,8982017Revenue 2018: $4,821,932Expenses 2018: $5,046,206Net Income 2018: -$224,2742018Revenue 2019: $10,758,916Expenses 2019: $4,185,224Net Income 2019: $6,573,6922019Revenue 2020: $6,147,511Expenses 2020: $3,545,673Net Income 2020: $2,601,8382020Revenue 2021: $9,160,624Expenses 2021: $3,910,257Net Income 2021: $5,250,3672021Revenue 2022: $8,084,073Expenses 2022: $5,610,894Net Income 2022: $2,473,1792022Revenue 2023: $30,848,366Expenses 2023: $26,604,456Net Income 2023: $4,243,9102023Revenue 2024: $11,190,868Expenses 2024: $12,596,051Net Income 2024: -$1,405,1832024

Highlighted filing

2016

Revenue$4,467,060
Expenses$4,906,063
Net Income-$439,003
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$4,467,060
Mission and Program Overview

Mission

Fairview Physician Associates (FPA) is an integrated practice network of more than 4,400 providers. As a physician-and clinic administrator - led nonprofit, we work to provide personalized care that improves health outcomes of individuals in our defined community, while providing quality care, exceptional patient satisfaction and reducing total cost of care.

The primary exempt purpose of fairview physician associates network is to advance the health of the community by continuously improving the quality of health care services delivered to individuals. Additionally, fhn assumes risk for 73,182 member lives in the narrow network products and 234,720 member lives in shared savings incentives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$15,307,872$8,787,986▼ $6,519,886
Savings and Temporary Cash Investments-$7,125,542-
Accounts Receivable$1,748,799$2,208,711▲ $459,912
Cash and Non-Interest-Bearing Accounts$4,457,030$1,615,231▼ $2,841,799
Land, Buildings, and Equipment, Net$159,850$99,808▼ $60,042
Total Assets$21,673,551$19,837,278▼ $1,836,273
Liabilities
Accounts Payable and Accrued Expenses$3,173,637$1,537,395▼ $1,636,242
Total Liabilities$3,173,637$1,537,395▼ $1,636,242
Net Assets / Fund Balance
Unrestricted Net Assets$18,499,914$18,299,883▼ $200,031
Total Net Assets Fund Balance$18,499,914$18,299,883▼ $200,031
Total Liabilities and Net Assets / Fund Balance$21,673,551$19,837,278▼ $1,836,273

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$94,841$326,687$421,528
Other Land Buildings$3,396$27,691$31,087
Equipment$1,571-$1,571
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William Nersesian M DCMOFT$274,369$90,978$365,347
Kevin Nelson MdPresidentFT$233,420$65,843$256,574
Barbara KlickCOOFT$157,796$35,394$200,485
Karen MulderStaffFT$129,157$38,060$164,551
Brenda J JayeStaffFT$123,522$33,838$161,582
Michael SchlichtingStaffFT$123,983$33,838$157,821
Lynn GoodenoughStaffFT$108,173$29,278$137,451
John Bjorklund M DM.d.-$109,119-$109,119
Dennis MaetzoldTreasurer--$8,000$8,000
Carol LucioVice Chair--$2,833$2,833
Dana M Carson MdDirector--$2,700$2,700
Laura Scherf MdDirector--$2,400$2,400
Nissim Khabie MdDirector--$1,800$1,800
Vicki Oster MdDirector--$1,800$1,800

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,072,332
Investment Income
$394,728
Other Revenue
$0
Change in Net Assets
$-439,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,979,379
Other Expenses$1,926,684
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$654,487$1,154,751-$1,809,238
Fees for Services Management$1,049,978$318,046-$1,368,024
Current Officers, Directors, Trustees, and Key Employees$326,133$391,216-$717,349
Other Employee Benefits$90,251$142,282-$232,533
Occupancy$69,480$106,801-$176,281
Fees for Services Other-$144,346-$144,346
Payroll Taxes$50,489$79,598-$130,087
Pension Plan Contributions$34,998$55,174-$90,172
Depreciation Depletion$60,043--$60,043
Insurance-$53,595-$53,595
Conferences and Meetings-$33,034-$33,034
Advertising-$6,632-$6,632
Interest$6,113$60-$6,173
Travel-$5,035-$5,035
Office Expenses-$4,075-$4,075
Other Expenses$1,231$740-$740
Total Functional Expenses$2,345,126$2,560,937$0$4,906,063
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
No
Subject to proxy tax
No
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

Fairview health services is the sole member.

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

The members vote to approve physician directors who serve on the fairview physician associates board. The physician members elect 6 physician directors and fairview association elects 8 community directors.

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

Fairview health services has reserve powers.

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

The tax department conducts a detailed review of the completed return. The return is also reviewed by the officers. The form 990 is subsequently presented to the fairview physician associates network finance committee and fairview physician associates network board of directors. 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 physician associates network are required to complete fairview health services's duty of loyalty and conflict of interest statement in compliance with fairview health services's duty of loyalty and conflict of interest policy.

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

Fairview physician associates network is part of the fairview health services system and fairview health services human resources uses comparables to set compensation.

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

Fairview physician associates network is part of the fairview health services system and fairview health services human resources uses comparables to set compensation according to market standards.

Form 990, Page 6, Part VI, Line 19

Fairview physician associates network makes its governing documents conflict of interest policy, and financial statements available to the public upon request and inspection of the documents is available at the corporate finance department.

Form 990, Page 7, Part VII

The tax department annually reviews all compensation of officers, directors and key employees of fairview health services and related entities to ensure it reports completely and accurately information on parts vii and ix, and on schedule j of the form 990.

Filing and Contact Details

Filer

Filer Name
Fairview Physician Associates Netwo
EIN
41-1753325
Phone
6126726893
Address
3400 WEST 66TH STREET RM/STE 445, MINNEAPOLIS, MN 55435

Signing Officer

Name
Kevin Nelson Md
Title
President
Phone
6126726893
Signed
2017-11-08

Organization Details

Principal Officer
Kevin Nelson Md
Formed
1993
Legal Domicile
Mn
Voting Board Members
20
Independent Board Members
17
Employees
29
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Fairview physician associates (fpa) is an integrated practice network of more than 2,400 providers. As a physician-and clinic administrator - led nonprofit, we work to provide personalized care that improves health outcomes of individuals in our defined community, while providing quality care, exceptional patient satisfaction and reducing total cost of care.

Financial Statement Notes

Schedule D, Page 3, Part X

During 2007, fairview physician associates network adopted fasb interpretation statement no.109, accounting for income taxes (fin 48), which clarifies financial statements and prescribes a recognition threshold and measurement attributes for financial statement disclosure of tax positions taken or expected to be taken on a tax return. In accordance with fin 48, a tax position is a proposition 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. Tax positions shall be recognized only when it is more likely than not (likelihood of greater than 50%), based on technical merits, that the position will be sustained upon examination. Under fin 48, the financial statement impact of an uncertain income tax position that was taken or is expected to be taken on the income tax return and that meets the more- likely-than-not threshold must be recognized and measured using a probability weighted approach at the largest amount that is more likely than not to be sustained upon audit by the relevant taxing authority. The adoption of fin 48 did not have a material impact on fairview's consolidated financial position, liability for unrecognized income tax benefits, (deficit) excess of revenue over expenses, or cash flows. There are no material changes in fairview's unrecognized income tax position at december 31, 2016. Fairview physician associates network does not expect that there will be a significant change in the total amount of unrecognized tax benefits within the next 12 months.

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IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM NERSESIAN M D
IRS990/Form990PartVIISectionAGrp/PersonNm1KEVIN NELSON MD
IRS990/Form990PartVIISectionAGrp/PersonNm2DENNIS MAETZOLD
IRS990/Form990PartVIISectionAGrp/PersonNm3CAROL LUCIO
IRS990/Form990PartVIISectionAGrp/PersonNm4DANA M CARSON MD
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$65.8$27.1$38.7$11.2$12.6$1.41
2023Detailed filing. Detailed filing data is available for this year.$66.2$26.4$39.8$30.8$26.6$4.24
2022Detailed filing. Detailed filing data is available for this year.$49.0$14.9$34.1$8.08$5.61$2.47
2021Detailed filing. Detailed filing data is available for this year.$36.9$2.79$34.1$9.16$3.91$5.25
2020Detailed filing. Detailed filing data is available for this year.$30.6$1.41$29.2$6.15$3.55$2.60
2019Detailed filing. Detailed filing data is available for this year.$29.7$3.48$26.3$10.8$4.19$6.57
2018Detailed filing. Detailed filing data is available for this year.$20.7$2.37$18.3$4.82$5.05$0.22
2017Detailed filing. Detailed filing data is available for this year.$21.0$1.47$19.6$4.06$3.87$0.19
2016Detailed filing. Detailed filing data is available for this year.$19.8$1.54$18.3$4.47$4.91$0.44
2015Detailed filing. Detailed filing data is available for this year.$21.7$3.17$18.5$5.61$6.01$0.41
2014Detailed filing. Detailed filing data is available for this year.$22.3$3.01$19.3$12.5$12.3$0.13
2013Detailed filing. Detailed filing data is available for this year.$21.2$2.21$19.0$132$131$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$1.97$18.8$125
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$2.83$17.0$121
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$2.92$14.7$112