Fairview Physician Associates Network

Tax-deductible

Minneapolis, MN501(c)(3)Since 1993Health CareEIN 41-1753325Revenue $11.2M in FY2024

On file with the IRSfpanetwork.org2450 Riverside Ave, 55454-1450 · Minneapolis, MNTax-exempt since Mar 1997Publicly supported — 509(a)(2)

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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.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$986K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.6M a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$986K
to officers and key staff · 8% of spending
Top officer’s pay lower than 84% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
29 mo
of spending, in cash
Looks good: 28.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27.1M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.2M
-64% vs prior year
Spent
$12.6M
To programs
71%
Net assets
$38.7M
By yearFY2020–FY2024
Revenue
$11.2M
FY2024▼ -64%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.1M
FY2021$9.2M
FY2022$8.1M
FY2023$30.8M
FY2024$11.2M
Expenses
$12.6M
FY2024▼ -53%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$3.9M
FY2022$5.6M
FY2023$26.6M
FY2024$12.6M
Net assets
$38.7M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$29.2M
FY2021$34.1M
FY2022$34.1M
FY2023$39.8M
FY2024$38.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $8.9M Management & general 29% · $3.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $986K paid to officers and key staff.

Part VII, Section A · reportable compensation
Dir Network Ops & Develop
$179,769Pt VII · Sec A
Interim VP, Operations & Strategy
$153,513Pt VII · Sec A
Finance Mgr/Contract
$148,206Pt VII · Sec A
Principal Analytics Consultant
$147,940Pt VII · Sec A
VP & Secretary, Termed 5-2024
$131,297Pt VII · Sec A
Operations Manager
$118,006Pt VII · Sec A
Operations Manager
$107,074Pt VII · Sec A
Director
$0Pt VII · Sec A

Britta Hovey’s $180K as Dir Network Ops & Develop is at the 16th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kevin Nelson MD———$488,180$343,505
Scott Garavet$131,297$270,104$258,704$241,487$219,432
Britta Hovey$179,769$184,525$177,880$168,105$151,782
Regina Morgan$153,513————
Donald Phibbs$148,206$138,237$135,192$135,743—
Ashley Nguyen$147,940$140,316$130,905$116,763$102,384
Lynn Goodenough—$139,603$130,322——
Donald E Phibbs————$129,359

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Delivers and manages coordinated healthcare services for over 525,000 individuals to improve care quality, enhance patient experiences, and lower medical costs.

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Provided by the organization

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1 program · $8.9M · in their own filed words · FY2024
01

Fairview Physician Associates Network (FPA) currently is accountable for providing a broad array of healthcare services for over 525,000 individuals through our contracts with purchasers and payers.

$8.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 13 grants · $418K · 2023–2024
Southdale Pediatric Assoc LtdFY2024$43,750
Richfield Medical GroupFY2024$37,400
C-Suite ResourcesFY2024$35,000
Premier Obgyn of MinnesotaFY2024$35,000
South Lake Clinic PAFY2024$34,956
Trucare ClinicFY2024$34,462
Infinite Health Collaborative PAFY2024$12,802
Fairview Health ServicesFY2023$69,896
Premier Obgyn of MinnesotaFY2023$35,000
Trucare Clinic LLCFY2023$33,000
Ihealth Obstetrics and Gynecology AssociatesFY2023$22,159
Clinic Sofia Ob-Gyn PAFY2023$15,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.2M
Ln 12
Fees for servicesLn 2g$9.0M
Investment incomeLn 3$2.2M
Money outPt IX
$12.6M
Ln 25
Programscol B$8.9M
Managementcol C$3.7M
Owns and owesPt X
$38.7M
net assets · Ln 32
Cash and savingsLn 1–2$30.4M
Total assetsLn 16$65.8M
LiabilitiesLn 26$27.1M
PeoplePt VI, VII
22
listed · VII A
PaidVII A7
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$9.0M
Investment incomeLn 3$2.2M
Gains on assetsLn 7$947K
Total revenueLn 12$11.2M
Assets in detailPt X, end of year
CashLn 1$11.1M
SavingsLn 2$19.3M
Cash and savings togetherLn 1–2$30.4M
InvestmentsLn 11–13$22.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$361K
Total assetsLn 16$65.8M
LiabilitiesLn 26$27.1M
Net assetsLn 32$38.7M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$16.6M$30.4M
InvestmentsLn 11–13$20.3M$22.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$66.2M$65.8M
LiabilitiesLn 26$26.4M$27.1M
Net assetsLn 32$39.8M$38.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$243K$243K
Pay of current officers, directors and key staffLn 5$311K$219K$92K
Other salaries and wagesLn 7$4.1M$2.9M$1.2M
Pension plan contributionsLn 8$157K$110K$46K
Other employee benefitsLn 9$650K$457K$192K
Payroll taxesLn 10$318K$224K$94K
Management feesLn 11a$2.0M$1.4M$605K
Other fees for servicesLn 11g$4.2M$3.0M$1.3M$0
Office expensesLn 13$14K$10K$4K
OccupancyLn 16$429K$302K$127K
TravelLn 17$7K$5K$2K
Conferences, conventions and meetingsLn 19$6K$4K$2K
InsuranceLn 23$2K$1K$558
Other expenses (24a–d)Ln 24$78K$32K$46K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$12.6M$8.9M$3.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $11.2M$12.6M−$1.4M$38.7M 990 PDF
FY2023 $30.8M$26.6M$4.2M$39.8M 990 PDF
FY2022 $8.1M$5.6M$2.5M$34.1M 990 PDF
FY2021 $9.2M$3.9M$5.3M$34.1M 990 PDF
FY2020 $6.1M$3.5M$2.6M$29.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $11,190,868 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $29,864,141$8,967,797
I-10 Investment incomePrior year $984,225$2,223,071
I-11 Other revenue$0
I-12 Total revenuePrior year $30,848,366$11,190,868
I-13 Grants and similar amounts paidPrior year $170,264$243,370
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,062,037$5,542,717
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $24,372,155$6,809,964
I-18 Total expensesPrior year $26,604,456$12,596,051
I-19 Revenue less expensesPrior year $4,243,910−$1,405,183
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,190,868 across 6 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,967,797$8,967,797
VIII-3 Investment incomeExcluded from tax $1,276,556$1,276,556
VIII-7 Net gain or loss on sales of assetsExcluded from tax $946,515$946,515
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $8,967,797 · Unrelated business $0 · Excluded from tax $2,223,071$11,190,868
Part IX · Statement of functional expenses $12,596,051 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $243,370$243,370
IX-5 Pay of current officers, directors and key staffPrograms $218,732 · Management $92,077$310,809
IX-7 Other salaries and wagesPrograms $2,890,254 · Management $1,216,678$4,106,932
IX-8 Pension plan contributionsPrograms $110,340 · Management $46,449$156,789
IX-9 Other employee benefitsPrograms $457,281 · Management $192,497$649,778
IX-10 Payroll taxesPrograms $224,080 · Management $94,329$318,409
IX-11a Management feesPrograms $1,437,215 · Management $605,009$2,042,224
IX-11g Other fees for servicesPrograms $2,977,675 · Management $1,253,479 · Fundraising $0$4,231,154
IX-13 Office expensesPrograms $9,938 · Management $4,183$14,121
IX-16 OccupancyPrograms $301,956 · Management $127,111$429,067
IX-17 TravelPrograms $4,896 · Management $2,061$6,957
IX-19 Conferences, conventions and meetingsPrograms $4,314 · Management $1,816$6,130
IX-23 InsurancePrograms $1,325 · Management $558$1,883
IX-24 Other expenses (24a–d)Programs $32,048 · Management $46,380$78,428
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $8,913,424 · Management $3,682,627 · Fundraising $0$12,596,051
Part X · Balance sheet $65,793,742 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $9,005,044$11,085,451
X-2 Savings and temporary cash investmentsStart of year $7,630,956$19,267,614
X-4 Accounts receivableStart of year $28,830,454$13,031,229
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $12,518,444$13,403,257
X-12 Other securitiesStart of year $7,807,332$8,645,012
X-15 Other assetsStart of year $407,692$361,179
X-16 Total assetsStart of year $66,199,922$65,793,742
X-17 Accounts payable and accrued expensesStart of year $552,332$1,682,080
X-19 Deferred revenueStart of year $22,546,946$25,019,079
X-25 Other liabilitiesStart of year $3,333,591$420,216
X-26 Total liabilitiesStart of year $26,432,869$27,121,375
X-27 Net assets without donor restrictionsStart of year $39,767,053$38,672,367
X-32 Total net assets or fund balancesStart of year $39,767,053$38,672,367
X-33 Total liabilities and net assetsStart of year $66,199,922$65,793,742
Part XI · Reconciliation of net assets $38,672,367 net assets at year end
XI-1 Total revenue$11,190,868
XI-2 Total expenses$12,596,051
XI-3 Revenue less expenses−$1,405,183
XI-4 Net assets at start of year$39,767,053
XI-5 Net unrealized gains (losses) on investments$310,497
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$38,672,367

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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