Overview
What is Essentia Health?
Essentia Health is a Minnesota-based integrated health system, headquartered in Duluth, serving patients in Minnesota, Wisconsin, and North Dakota. It is a charitable, educational, scientific, and religious organization with a workforce of over 14,000 employees, including more than 2,000 physicians and advanced practitioners. Essentia Health, which operates many Catholic facilities, is guided by the values of quality, hospitality, respect, joy, justice, stewardship, and teamwork. The organization, with a mission to make a healthy difference in people's lives, delivers on its promise through 14 hospitals, approximately 70 clinics, six long-term care facilities, two assisted living facilities, several rehabilitation centers, seven ambulance services, 24 retail pharmacies, home health services, and one research institute. Essentia Health primarily serves a rural population with lower-than-average median incomes and offers basic medical care to those with few economic resources. During the fiscal year ended June 30, 2022, Essentia Health reported a total revenue of $2.6 billion and an income from operations of $79.5 million. The hospitals provided over 201,000 hospital patient days and nearly 791,000 outpatient visits. The clinics had nearly 1.8 million encounters. In the same period, Essentia Health contributed over $165 million in community benefits, which included costs of providing charity care, costs in excess of Medicaid payments, Medicaid surcharge, MinnesotaCare tax, community services, health profession education, research, and cash and in-kind contributions.
Official website here: www.essentiahealth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
Essentia Health has received a One-Star rating primarily due to its overall score of 56%, indicating significant concerns in areas related to financial accountability and transparency. While the organization demonstrates strong governance with a high percentage of independent board members and effective oversight committees, these strengths are overshadowed by a low program expense ratio and liabilities that may raise red flags for potential donors.
The organization has several positive attributes, such as comprehensive conflict of interest and whistleblower policies, as well as proper documentation practices regarding board meetings. However, the absence of its tax form on the nonprofit's website and a concerning liabilities to assets ratio of 40.74% detract from its financial health and accountability.
Overall, while Essentia Health shows commitment to good governance through its independent oversight and policies, the financial ratios indicate a need for improvement in resource allocation towards its programs and better transparency regarding its financial documents. Potential donors should consider these factors when evaluating the organization’s effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Essentia Health legitimate?
Essentia Health is a legitimate nonprofit organization registered as a 501(c)(3) entity. Essentia Health submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $10,261,617
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,028,346
For more financial information, click here
Official website here: www.essentiahealth.org
What is the mission statement of Essentia Health?
Essentia Health is dedicated to making a positive impact on people's lives through charitable, educational, scientific, and religious purposes. Guided by values such as quality, hospitality, respect, joy, justice, stewardship, and teamwork, the organization delivers on its mission by providing patient-centered care at hospitals, clinics, long-term care facilities, and other healthcare services. Essentia Health aims to serve a predominantly rural population with limited economic resources and ensure they have access to essential medical care. In the fiscal year ended June 30, 2022, Essentia Health provided over $165 million in community benefits, including charity care, education, research, and cash and in-kind contributions.
Official website here: www.essentiahealth.org
Who is the CEO of Essentia Health?
David Herman Md is the Chief Executive Officer of Essentia Health. The CEO's salary of Essentia Health is $2,809,815 and their total compensation is $3,123,296.
Official website here: www.essentiahealth.org
What is the revenue of Essentia Health?
Essentia Health's revenue in 2022 was $416,911,579.
Official website here: www.essentiahealth.org
Who are the executives of Essentia Health and what are their salaries?
The average compensation at Essentia Health during 2022 was $59,582. There are 2942 employees at Essentia Health.
Here are 44 key members and their salaries (Essentia Health's CEO's salary is $2,809,815 and their total compensation is $3,123,296):
- Compensation: $2,809,815
- Related: $0
- Other: $313,481
- Compensation: $1,494,837
- Related: $0
- Other: $155,953
- Compensation: $0
- Related: $1,094,092
- Other: $37,651
- Compensation: $0
- Related: $870,563
- Other: $131,171
- Compensation: $865,812
- Related: $0
- Other: $103,913
- Compensation: $0
- Related: $827,400
- Other: $134,968
- Compensation: $836,884
- Related: $0
- Other: $118,561
- Compensation: $0
- Related: $827,845
- Other: $60,685
- Compensation: $0
- Related: $881,046
- Other: $3,603
- Compensation: $740,071
- Related: $0
- Other: $93,513
- Compensation: $688,672
- Related: $0
- Other: $118,297
- Compensation: $695,670
- Related: $0
- Other: $107,346
- Compensation: $0
- Related: $662,630
- Other: $106,038
- Compensation: $0
- Related: $653,960
- Other: $108,385
- Compensation: $635,849
- Related: $0
- Other: $115,445
- Compensation: $0
- Related: $580,988
- Other: $90,599
- Compensation: $555,293
- Related: $0
- Other: $95,764
- Compensation: $490,220
- Related: $0
- Other: $87,260
- Compensation: $0
- Related: $491,873
- Other: $62,666
- Compensation: $0
- Related: $467,377
- Other: $82,235
- Compensation: $20,000
- Related: $434,340
- Other: $60,733
- Compensation: $413,742
- Related: $0
- Other: $49,391
- Compensation: $381,613
- Related: $0
- Other: $57,344
- Compensation: $401,334
- Related: $0
- Other: $22,643
- Compensation: $20,000
- Related: $293,294
- Other: $63,563
- Compensation: $0
- Related: $280,136
- Other: $22,241
- Compensation: $257,754
- Related: $0
- Other: $26,343
- Compensation: $198,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $144,469
- Other: $8,668
- Compensation: $0
- Related: $162,970
- Other: $0
- Compensation: $0
- Related: $118,589
- Other: $8,661
- Compensation: $45,000
- Related: $0
- Other: $0
- Compensation: $30,750
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $28,000
- Related: $0
- Other: $0
- Compensation: $21,200
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.essentiahealth.org
Where can I find the form 990 for Essentia Health?
Essentia Health's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.essentiahealth.org
Learn more at the official website: www.essentiahealth.org
Mission Statement of Essentia Health
Essentia Health is a distinguished healthcare organization committed to making a significant difference in people's lives. With a team of 14,000 employees, including over 2,000 physicians and advanced practitioners, Essentia Health is dedicated to providing comprehensive healthcare services through its 14 hospitals, approximately 70 clinics, six long-term care facilities, two assisted living facilities, four independent living facilities, several rehabilitation centers, seven ambulance services, 24 retail pharmacies, home health services, and one research institute.
Guided by the values of quality, hospitality, respect, joy, justice, stewardship, and teamwork, Essentia Health delivers on its mission by focusing on patient-centered care. The organization caters to a predominantly rural population, ensuring that individuals with limited economic resources can access essential medical care without lengthy travel. Essentia Health's total revenue during the fiscal year ended June 30, 2022, was $2,616,554,000, with income from operations amounting to $79,469,000. The hospitals in Essentia Health provided over 201,000 hospital patient days and nearly 791,000 outpatient visits, while the clinics had nearly 1.8 million encounters during the same period.
In addition to clinical services, Essentia Health invests in community benefits, contributing over $165 million during the fiscal year ended June 30, 2022. These benefits included costs of providing charity care, costs in excess of Medicaid payments, Medicaid surcharge, Minnesotacare tax, community services, health profession education, research, and cash and in-kind contributions. Essentia Health's mission extends beyond clinical care, demonstrating a deep commitment to the well-being of the communities it serves.
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Impact
October, 2024
Essentia Health is dedicated to improving the health and well-being of individuals across Minnesota, Wisconsin, and North Dakota. With a workforce of 14,000, including over 2,000 physicians and advanced practitioners, the organization operates an integrated health system that encompasses 14 hospitals, approximately 70 clinics, and various long-term care facilities. This extensive network allows Essentia Health to provide essential medical services to a predominantly rural population, many of whom face economic challenges and would otherwise struggle to access necessary healthcare.
The organization prioritizes patient-centered care, ensuring that individuals have access to basic and lifesaving medical services without the burden of extensive travel. In the fiscal year ending June 30, 2022, Essentia Health recorded over 201,000 hospital patient days and nearly 791,000 outpatient visits, along with approximately 1.8 million encounters at its clinics. This translates to a significant impact on community health, demonstrating the critical role Essentia Health plays in the regions it serves.
Additionally, Essentia Health contributes over $165 million in community benefits, which include charity care, costs exceeding Medicaid payments, and support for health professions education and research. These efforts underscore their commitment to making a healthy difference in people's lives and addressing the needs of underserved populations. Guided by values of quality, respect, hospitality, and stewardship, Essentia Health continues to strive for better health outcomes for all individuals in its care.
This information is meant to be a general summary of Essentia Health. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $35,598,565
- Program Service Revenue: $272,757,934
- Gross Receipts: $603,548,510
Assets and Liabilities:
- Total Assets: $630,123,333
- Total Liabilities: $248,867,911
- Net Assets: $381,255,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORT REVENUE
Revenue
$272,757,934
Organization Details
Founding Year
2003
Phone
(218) 786-8376Principal Officer
David Herman Md
Main Address
502 E 2ND ST, DULUTH, MN, 55805
Website
www.essentiahealth.orgNTEE Category
Code: E112 - Health
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