Civic Intelligence

Medica Foundation

EIN 41-1812461 • 501(c)3 • Minnetonka, MN

Profile

The foundation generally seeks to fund community-based programs and initiatives that can provide sustainable and measurable improvements in the availability, access, and quality of healthcare.

401 Carlson Parkway Cp 330Minnetonka, MN 55305

www.medicafoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

17th percentile

0.02x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.24x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

91st percentile

54%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$1,067,504

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

55th percentile

7.6%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

27%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$76,228,960

Up $5,397,382 (+7.6%) from 2023

Liabilities

Up

$1,801,500

Up $1,266,500 (+237%) from 2023

Net Assets

Up

$74,427,460

Up $4,130,882 (+5.9%) from 2023

Revenue

Up

$7,617,966

Up $1,625,874 (+27%) from 2023

Expenses

Up

$3,512,890

Up $679,208 (+24%) from 2023

Net Income

Up

$4,105,076

Up $946,666 (+30%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $20,253,855Liabilities 2010: $1,182,734Net Assets 2010: $19,071,1212010Assets 2011: $22,022,079Liabilities 2011: $2,106,614Net Assets 2011: $19,915,4652011Assets 2012: $28,193,837Liabilities 2012: $1,793,159Net Assets 2012: $26,400,6782012Assets 2013: $26,585,242Liabilities 2013: $1,653,194Net Assets 2013: $24,932,0482013Assets 2014: $25,304,259Liabilities 2014: $1,375,664Net Assets 2014: $23,928,5952014Assets 2015: $26,540,615Liabilities 2015: $1,432,707Net Assets 2015: $25,107,9082015Assets 2016: $29,290,892Liabilities 2016: $1,204,014Net Assets 2016: $28,086,8782016Assets 2017: $31,977,835Liabilities 2017: $1,254,335Net Assets 2017: $30,723,5002017Assets 2018: $39,564,384Liabilities 2018: $1,522,202Net Assets 2018: $38,042,1822018Assets 2019: $52,383,395Liabilities 2019: $1,858,711Net Assets 2019: $50,524,6842019Assets 2020: $64,599,900Liabilities 2020: $1,744,000Net Assets 2020: $62,855,9002020Assets 2021: $70,871,769Liabilities 2021: $2,554,000Net Assets 2021: $68,317,7692021Assets 2022: $61,623,458Liabilities 2022: $1,395,700Net Assets 2022: $60,227,7582022Assets 2023: $70,831,578Liabilities 2023: $535,000Net Assets 2023: $70,296,5782023Assets 2024: $76,228,960Liabilities 2024: $1,801,500Net Assets 2024: $74,427,4602024

Highlighted filing

2024

Assets$76,228,960
Liabilities$1,801,500
Net Assets$74,427,460

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,723,9552010Expenses 2011: $2,725,5902011Expenses 2012: $1,720,9222012Revenue 2013: $323,407Expenses 2013: $1,803,597Net Income 2013: -$1,480,1902013Revenue 2014: $909,756Expenses 2014: $1,984,973Net Income 2014: -$1,075,2172014Revenue 2015: $4,868,343Expenses 2015: $2,074,986Net Income 2015: $2,793,3572015Revenue 2016: $3,310,399Expenses 2016: $1,784,568Net Income 2016: $1,525,8312016Revenue 2017: $1,674,528Expenses 2017: $1,811,951Net Income 2017: -$137,4232017Revenue 2018: $12,666,309Expenses 2018: $2,017,819Net Income 2018: $10,648,4902018Revenue 2019: $10,194,683Expenses 2019: $2,517,205Net Income 2019: $7,677,4782019Revenue 2020: $13,054,845Expenses 2020: $4,971,959Net Income 2020: $8,082,8862020Revenue 2021: $7,726,701Expenses 2021: $3,636,077Net Income 2021: $4,090,6242021Revenue 2022: $4,948,323Expenses 2022: $2,196,274Net Income 2022: $2,752,0492022Revenue 2023: $5,992,092Expenses 2023: $2,833,682Net Income 2023: $3,158,4102023Revenue 2024: $7,617,966Expenses 2024: $3,512,890Net Income 2024: $4,105,0762024

Highlighted filing

2024

Revenue$7,617,966
Expenses$3,512,890
Net Income$4,105,076

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.2$1.80$74.4$7.62$3.51$4.11
2023Summary only. Only limited summary data is available for this year.$70.8$0.54$70.3$5.99$2.83$3.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.6$1.40$60.2$4.95$2.20$2.75
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.9$2.55$68.3$7.73$3.64$4.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.6$1.74$62.9$13.1$4.97$8.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.4$1.86$50.5$10.2$2.52$7.68
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.6$1.52$38.0$12.7$2.02$10.6
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.0$1.25$30.7$1.67$1.81$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.3$1.20$28.1$3.31$1.78$1.53
2015Detailed filing. Detailed filing data is available for this year.$26.5$1.43$25.1$4.87$2.07$2.79
2014Summary only. Only limited summary data is available for this year.$25.3$1.38$23.9$0.91$1.98$1.08
2013Detailed filing. Detailed filing data is available for this year.$26.6$1.65$24.9$0.32$1.80$1.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.2$1.79$26.4$1.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$2.11$19.9$2.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$1.18$19.1$1.72
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$6,015,911
Mission and Program Overview

Mission

The foundation generally seeks to fund community-based programs and initiatives that can provide sustainable and measurable improvements in the availability, access, and quality of healthcare services.

The foundation funds programs that improve health and increase access to health care services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$70,353,993$61,242,778▼ $9,111,215
Savings and Temporary Cash Investments$480,757$326,830▼ $153,927
Accounts Receivable$37,019$53,850▲ $16,831
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$70,871,769$61,623,458▼ $9,248,311
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$2,554,000$1,395,700▼ $1,158,300
Accounts Payable and Accrued Expenses$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,554,000$1,395,700▼ $1,158,300
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$68,317,769$60,227,758▼ $8,090,011
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$68,317,769$60,227,758▼ $8,090,011
Total Liabilities and Net Assets / Fund Balance$70,871,769$61,623,458▼ $9,248,311

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$61,242,778--
Compensation and Service Providers

Employees

NameTitleOtherTotal
John BuckDirector$133,000$133,000
John StanochDirector & Chair$92,625$92,625
Mary TwinemDirector & Vice Chair$87,375$87,375
Samuel LeonDirector$80,750$80,750

Board Members and Trustees

NameTitle
Esther TomljanovichFormer Director
James P JacobsonFormer SVP & Gen Counsel
Mark L BairdSVP & CFO
Mary P QuistSVP Fin & Corp Controller
David H EllenbogenSVP Sec & General Counsel

Highest Paid Contractors

ContractorServicesLocationCompensation
Medica Services CompanyLeased Employees401 CARLSON PARKWAY CP 330, Minnetonka, MN 55305$600,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,800,000
Program Service Revenue
$0
Investment Income
$2,148,323
Other Revenue
$0
Change in Net Assets
$2,752,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,395,700
Other Expenses$800,574
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,395,700--$1,395,700
Other Expenses-$600,000-$600,000
Fees for Service Investment Mgmnt Fees-$200,574-$200,574
Total Functional Expenses$1,395,700$800,574$0$2,196,274
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hennepin Healthcare FoundationMinneapolis, MN501c(3)Strategic Grant$200,000
AvivoMinneapolis, MN501c(3)Behavioral Health$50,000
BellisElk River, MN501c(3)Behavioral Health$50,000
Cornerhouse Interagency Child Abuse Evaluation andMinneapolis, MN501c(3)Behavioral Health$50,000
People IncorporatedEagan, MN501c(3)Behavioral Health$50,000
Rs EdenMinneapolis, MN501c(3)Behavioral Health$50,000
Terebinth RefugeWaite Park, MN501c(3)Behavioral Health$50,000
Touchstone Mental HealthMinneapolis, MN501c(3)Behavioral Health$50,000
WOMEN'S ADVOCATES INCSt Paul, MN501c(3)Behavioral Health$50,000
Wayside Recovery CenterSt Louis Park, MN501c(3)Behavioral Health$50,000
YouthlinkMinneapolis, MN501c(3)Behavioral Health$50,000
Creating Healthier CommunitiesAlexandria, VA501c(3)General Funding$37,500
Greater Twin Cities United WayMinneapolis, MN501c(3)General Funding$37,500
Centro Tyrone GuzmanMinneapolis, MN501c(3)Early Childhood Health$25,000
FraserMinneapolis, MN501c(3)Early Childhood Health$25,000
Lincoln Park Children and Families CollaborativeDuluth, MN501c(3)Early Childhood Health$25,000
Lutheran Social Service of MinnesotaSt Paul, MN501c(3)Early Childhood Health$25,000
Main Street Family ServicesElk River, MN501c(3)Early Childhood Health$25,000
March of DimesArlington, VA501c(3)General Funding$25,000
Neighborhood Health SourceMinneapolis, MN501c(3)Early Childhood Health$25,000
PEOPLE'S CENTER CLINICS & SERVICESMinneapolis, MN501c(3)Early Childhood Health$25,000
SOUTHWEST METRO INTERMEDIATE SCHOOL DISTRICT #288Shakopee, MNGovernment AgenEarly Childhood Health$25,000
ST DAVID'S CENTER FOR CHILD & FAMILY DEVELOPMENTMinnetonka, MN501c(3)Early Childhood Health$25,000
Sawtooth Mountain Clinic IncGrand Marais, MN501c(3)Early Childhood Health$25,000
University of Minnesota FoundationMinneapolis, MN501c(3)Early Childhood Health$25,000
Washburn Center for ChildrenMinneapolis, MN501c(3)Early Childhood Health$25,000
Banisters Leadership AcademyOmaha, NE501c(3)Behavioral Health$20,000
Heartland Family ServiceOmaha, NE501c(3)Behavioral Health$20,000
Nebraska Methodist Hospital FoundationOmaha, NE501c(3)Behavioral Health$20,000
American Red CrossWashington, DC501c(3)General Funding$10,000
Arrowhead Health AllianceDuluth, MN501c(3)General Funding$10,000
CHILDREN'S DENTAL HEALTH SERVICESRochester, MN501c(3)Rural Health$10,000
Care ClinicRed Wing, MN501c(3)Rural Health$10,000
Churches United for the HomelessMoorhead, MN501c(3)Rural Health$10,000
Churches United in MinistryDuluth, MN501c(3)Rural Health$10,000
Cultural Wellness CenterMinneapolis, MN501c(3)General Funding$10,000
Ellison CenterSt Cloud, MN501c(3)Rural Health$10,000
Empowering Kids PerhamPerham, MN501c(3)Rural Health$10,000
Family IncCouncil Bluffs, IA501c(3)Early Childhood Health$10,000
Family PathwaysNorth Branch, MN501c(3)Rural Health$10,000
Health Center Association of NebraskaOmaha, NE501c(3)General Funding$10,000
Isanti County Public Health ServicesCambridge, MNGovernment AgenRural Health$10,000
Just Kids DentalTwo Harbors, MN501c(3)Rural Health$10,000
LET'S SMILE INCOwatonna, MN501c(3)Rural Health$10,000
Lakes Area Interfaith CaregiversBaxter, MN501c(3)Rural Health$10,000
NEBRASKA CHILDREN'S HOME SOCIETYOmaha, NE501c(3)Early Childhood Health$10,000
National Alliance on Mental Illness - MinnesotaSt Paul, MN501c(3)General Funding$10,000
Open Arms of MinnesotaMinneapolis, MN501c(3)General Funding$10,000
Open Door Health CenterMankato, MN501c(3)Rural Health$10,000
Open Doors for YouthElk River, MN501c(3)Rural Health$10,000
PEARL BATTERED WOMEN'S RESOURCE CENTERMilaca, MN501c(3)Rural Health$10,000
Program for Aid to Victims of Sexual AssaultDuluth, MN501c(3)Rural Health$10,000
Propel NonprofitsMinneapolis, MN501c(3)General Funding$10,000
Southern Minnesota Crisis Nursery Dba Ivy HouseNew Ulm, MN501c(3)Rural Health$10,000
The Food Group Minnesota IncNew Hope, MN501c(3)General Funding$10,000
The Owatonna Healthy Seniors ProgramOwatonna, MN501c(3)Rural Health$10,000
Three Rivers Community Action IncZumbrota, MN501c(3)Rural Health$10,000
We Health Clinic PaDuluth, MN501c(3)Rural Health$10,000
Barnesville AmbulanceBarnesville, MNGovernment AgenRural Health$8,300
Footnotes Trauma Foundation IncMankato, MN501c(3)Rural Health$8,000
Le Sueur CountyLe Center, MNGovernment AgenRural Health$8,000
Two Harbors Area Food ShelfTwo Harbors, MN501c(3)General Funding$7,500
Vine Faith in ActionMankato, MN501c(3)Rural Health$7,500
Elder NetworkRochester, MN501c(3)Rural Health$6,000
Angels of McgregorMcgregor, MN501c(3)Rural Health$5,400
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Medica foundation has entered into an administrative service agreement with medica services company (msc), a related exempt organization. Through this agreement, msc leases its employees and provides various management/administrative services to medica foundation and medica foundation pays for such services throughout the year.

Form 990, Part VI, Section B, Line 11B

Medica's tax advisors complete the return, finance staff reviews the return before it is signed by the cfo. A copy will be provided to the board of directors prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Annually all employees of medica services company and directors of all medica entities complete a conflict of interest disclosure and are required to review the current policy. All potential conflicts are reviewed by legal/compliance.

Form 990, Part VI, Section B, Line 15

Medica foundation does not have any employees. All compensation is paid by a related organization. Which uses the following process to determine compensation. The personnel and compensation committee, as described in the charter, reviews and obtains the board's approval for total compensation for the president/ceo. The committee also reviews and approves total compensation recommendations made by the ceo for the executive and senior vice presidents, and reviews all officer compensation and annual performance goals approved by the ceo. The committee reviews and makes recommendations to the board regarding officer and non-officer compensation guidelines for medica and its subsidiaries, periodically reviewing market data to assess medica's competitive position. Outside the charter, the personnel and compensation committee works with an outside consultant to review market data that aids in setting the compensation for the officers and key employees.

Form 990, Part VI, Section C, Line 19

Medica does not consider its conflict of interest policy to be a confidential or proprietary document. Therefore, medica would make this policy available to anyone who requests it. Certain of the medica entities are required to file annual financial statements with the regulators. Medica considers financial statements that are filed with the regulators to be public documents. Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).

FORM 990, PART VII, SECTION B, LINE 1:

Certain individuals reported on form 990, part vii split their time between all entities under medica holding company. The average hours per week reported in part vii are the total hours per week for all medica organizations. Form 990, part vii john stanoch's board stipend was paid to stanoch, llc.

Filing and Contact Details

Filer

Filer Name
Medica Foundation
EIN
41-1812461
Phone
9529922058
Address
401 CARLSON PARKWAY CP 330, MINNETONKA, MN 55305

Signing Officer

Name
Elizabeth Erickson
Title
President and CEO
Phone
9529922058
Signed
2023-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Erickson
Formed
1996
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
90 S 7TH ST STE 4200, MINNEAPOLIS, MN 55402
Preparer
Holly Moen
Phone
6123055000
Raw XML AppendixShowing 400 of 1,412 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt037019
IRS990/AccountsReceivableGrp/EOYAmt053850
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FOUNDATION FUNDS PROGRAMS THAT IMPROVE HEALTH AND INCREASE ACCESS TO HEALTH CARE SERVICES.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ELIZABETH ERICKSON
IRS990/BooksInCareOfDetail/PhoneNum09529922753
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0401 CARLSON PARKWAY CP 330
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNETONKA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
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IRS990/CreditCounselingInd00
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IRS990/MissionDesc0THE FOUNDATION GENERALLY SEEKS TO IMPROVE THE HEALTH OF THOSE IN NEED BY INVESTING IN COMMUNITY-LED INITIATIVES THAT ADVANCE HEALTH EQUITY.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MEDICA HEALTH PLANS, THE SUPPORTED ORGANIZATION, IS A 501(C)(4) ORGANIZATION. SINCE THE ENTITIES ARE RELATED ORGANIZATIONS, ANY CHANGE IN EXEMPT STATUS OR ACTIVITIES OF MEDICA HEALTH PLANS WOULD BE KNOWN BY MEDICA FOUNDATION. EACH YEAR, IT IS DETERMINED IF MHP CONTINUES TO MEET THE PUBLIC SUPPORT TESTS UNDER SECTION 509(A)(2) BEFORE THE TAX RETURN IS FILED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE MEDICA FOUNDATION MONITORS THE USE OF GRANT FUNDS THROUGH SEVERAL MECHANISMS. ALL GRANTEES ARE ASKED TO SUBMIT PROGRESS REPORTS RELATED TO THE GRANT FUNDING. UPDATES ON PROGRAM GRANTS ARE RECEIVED DURING AND AT THE END OF THE GRANT PERIOD. SEE SCHEDULE I, PART I, LINE 2 NARRATIVE FOR ADDITIONAL INFORMATION RELATED TO THE PROCESS USED FOR GRANT MONITORING.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A LINE 3B:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C:
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