Civic Intelligence

Fairview Physician Associates Network

990 • Fiscal year 2019 • EIN 41-1753325

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 02, 2020

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

36th percentile

0.12x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

53rd percentile

0.32x

Higher debt load relative to revenue than 53% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

94th percentile

61%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

99th percentile

$3,556,986

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 33.1% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

94th percentile

44%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

123%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$29,747,723

Up $9,075,876 (+44%) from 2018

Net Assets

Up

$26,265,816

Up $7,966,918 (+44%) from 2018

Liabilities

Up

$3,481,907

Up $1,108,958 (+47%) from 2018

Revenue

Up

$10,758,916

Up $5,936,984 (+123%) from 2018

Expenses

Down

$4,185,224

Down $860,982 (-17%) from 2018

Net Income

Up

$6,573,692

Up $6,797,966 (+3031%) from 2018

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

2019

Assets$29,747,723
Liabilities$3,481,907
Net Assets$26,265,816

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

2019

Revenue$10,758,916
Expenses$4,185,224
Net Income$6,573,692
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 2, 2020
Return Version
2019v5.0
Gross Receipts
$10,758,916
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,426,887$17,094,598▲ $7,667,711
Cash and Non-Interest-Bearing Accounts$2,290,124$8,351,961▲ $6,061,837
Accounts Receivable$1,601,477$2,446,652▲ $845,175
Savings and Temporary Cash Investments$7,322,323$1,793,611▼ $5,528,712
Land, Buildings, and Equipment, Net$31,036$15,436▼ $15,600
Total Assets$20,671,847$29,747,723▲ $9,075,876
Other Assets Total-$45,465-
Liabilities
Accounts Payable and Accrued Expenses$2,372,949$3,407,419▲ $1,034,470
Other Liabilities-$74,488-
Total Liabilities$2,372,949$3,481,907▲ $1,108,958
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,298,898$26,265,816▲ $7,966,918
Total Net Assets Fund Balance$18,298,898$26,265,816▲ $7,966,918
Total Liabilities and Net Assets / Fund Balance$20,671,847$29,747,723▲ $9,075,876

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$15,436$406,092$421,528
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin Nelson MdFpan PresidePT$434,551$96,735$531,286
James HerefordFhs - CEO-$340,662$190,624$531,286
Kevin Nelson MdFpan President-$173,622$62,512$236,134
Jeoff WillFpan COOFT$149,580$45,710$195,290
Stephen Robinson MdDirector-$125,968$54,328$180,296
William Nersesian M DFpan CMOFT$105,263$12,955$118,218
Dennis MaetzoldTreasurer-$6,667-$6,667
Vicki Oster MdDirector-$1,800-$1,800
Bronagh MaccaffertyVice Chair-$1,500-$1,500
Laura Scherf MdDirector-$1,500-$1,500
Nissim Khabie MdDirector-$1,500-$1,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$72,366
Program Service Revenue
$9,869,245
Investment Income
$817,305
Other Revenue
$0
Change in Net Assets
$6,573,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,464,165
Salaries, Compensation, and Employee Benefits$1,721,059
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,207,142$107,990-$1,315,132
Other Salaries and Wages$359,655$575,082-$934,737
Fees for Services Management-$834,489-$834,489
Current Officers, Directors, Trustees, and Key Employees-$539,815-$539,815
Occupancy$27,693$180,149-$207,842
Other Employee Benefits$33,237$103,031-$136,268
Payroll Taxes$14,684$45,520-$60,204
Pension Plan Contributions$12,204$37,831-$50,035
Office Expenses-$42,507-$42,507
Travel-$27,330-$27,330
Depreciation Depletion-$15,609-$15,609
Conferences and Meetings-$1,643-$1,643
Interest-$1,226-$1,226
Other Expenses-$1,205-$1,205
Insurance-$817-$817
Total Functional Expenses$1,654,615$2,530,609$0$4,185,224
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
St Lease Liability$46,854
Deferred Revenue$27,634
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 35% controlled entity
No
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 provided to the 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.

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
Fpan President
Phone
6126726893
Signed
2020-11-02

Organization Details

Principal Officer
Kevin Nelson Md
Formed
1993
Legal Domicile
Mn
Voting Board Members
19
Independent Board Members
14
Employees
17

Preparer

Firm
Fairview Health Svcs
Address
2450 RIVERSIDE AVE S DEPT C-207 LE, MINNEAPOLIS, MN 55454-1450
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Fairview physician associates (fpa) is an integrated practice network of more than 3,950 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.

Form 990, Part IX, Line 11G

System services 1,207,142 107,990 0

Financial Statement Notes

Schedule D, Page 3, Part X

Fairview recognizes all tax positions, inclduing 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 uncetrain tax positions recorded in the consolidated balance sheet as of december 31, 2019 or 2018.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0FHS - CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1FPAN PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt5STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt6STAFF
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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IRS990/MissionDesc0FAIRVIEW PHYSICIAN ASSOCIATES (FPA) IS AN INTEGRATED PRACTICE NETWORK OF MORE THAN 3,950 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.
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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