Overview
What is Fairview Health Services?
Fairview Health Services is a leading Minnesota-based nonprofit health care organization, headquartered in Minneapolis, with a presence in the twelve-county Metro Area and beyond. With over $6.7 billion in operating revenue in 2022, Fairview offers a wide range of health services, including hospital care, clinics, and other related operations. The organization is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code and serves a diverse population throughout Minnesota, Northern Iowa, and Western Wisconsin. Fairview comprises ten hospitals, including UMMC and Masonic Children's Hospital, which serves as a teaching hospital for the University of Minnesota. The organization operates over 80 primary and specialty care clinics, seven ambulatory care centers, pharmacies, rehabilitation centers, physician networks, senior care housing, and long-term care facilities. The goal is to expand access to academic medicine and reduce the total cost of care for patients. Fairview's commitment to the community goes beyond health care, as it invests heavily in education, training, community programs, and research. In response to health disparities during the COVID-19 pandemic, Fairview launched the Minnesota Immunization Network Initiative (MINI), which has provided vaccines and clinical services to over 75,000 individuals in community-based locations. The organization's mission is to heal, discover, and educate for longer, healthier lives, guided by its values of dignity, integrity, and service.
Official website here: www.fairview.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Fairview Health Services has achieved a perfect score of 100% on Charity Navigator, indicating exceptional performance in accountability and finance. This high rating is a testament to the organization’s strong governance practices, with 95% of board members being independent, ensuring that the interests of stakeholders are prioritized and potential conflicts of interest are minimized.
The organization's financial practices are robust, with a remarkable program expense ratio of 82.35%, demonstrating a commitment to directing funds towards its charitable mission. Additionally, it has no reported material diversion of assets, further reinforcing its credibility and reliability as a nonprofit. The presence of comprehensive policies, including whistleblower and conflict of interest policies, highlights Fairview's dedication to transparency and ethical operations.
While the data presents a very positive view of Fairview Health Services, it is essential to consider that this summary focuses solely on accountability and finance metrics. Other aspects of the organization’s impact or program effectiveness may not be captured in this rating, suggesting that stakeholders should look for further information regarding its overall mission and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Fairview Health Services legitimate?
Fairview Health Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairview Health Services 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: $19,532,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,806,577,523
For more financial information, click here
Official website here: www.fairview.org
What is the mission statement of Fairview Health Services?
Fairview Health Services is committed to enhancing overall health and longevity for individuals by focusing on healing, research, and education. Their mission is geared towards making a positive impact on people's lives and communities, striving for excellence in all their endeavors. Valuing dignity, they respect the uniqueness of each person and ensure privacy. Integrity is a top priority, as they communicate openly, honestly, and ethically. Through their unwavering dedication to service, they anticipate, meet, and exceed expectations while continually improving their programs and skills. Their values include respecting the cultures, values, beliefs, and traditions of others and honoring their contributions.
Official website here: www.fairview.org
Who is the CEO of Fairview Health Services?
James Hereford is the CEO of Fairview Health Services The CEO's salary of Fairview Health Services is $5,208,444 and their total compensation is $5,246,751.
Official website here: www.fairview.org
What is the revenue of Fairview Health Services?
Fairview Health Services's revenue in 2023 was $4,707,970,630.
Official website here: www.fairview.org
Who are the executives of Fairview Health Services and what are their salaries?
The average compensation at Fairview Health Services during 2023 was $51,693. There are 35326 employees and 2065 volunteers at Fairview Health Services.
Here are 35 key members and their salaries (Fairview Health Services's CEO's salary is $5,208,444 and their total compensation is $5,246,751):
- Compensation: $0
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- Other: $0
- Compensation: $5,208,444
- Related: $0
- Other: $38,307
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $35,000
- Related: $0
- Other: $0
- Compensation: $25,000
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- Other: $0
- Compensation: $25,000
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- Other: $0
- Compensation: $20,000
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- Other: $0
- Compensation: $20,000
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- Other: $0
- Compensation: $20,000
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- Other: $0
- Compensation: $20,000
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- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $25,000
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- Other: $0
- Compensation: $25,000
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- Compensation: $20,000
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- Compensation: $25,000
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- Compensation: $20,000
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- Compensation: $20,000
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- Compensation: $20,000
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- Other: $0
- Compensation: $749,408
- Related: $0
- Other: $97,934
- Compensation: $813,268
- Related: $0
- Other: $116,219
- Compensation: $1,082,554
- Related: $0
- Other: $170,630
- Compensation: $1,643,003
- Related: $0
- Other: $200,937
- Compensation: $1,929,528
- Related: $0
- Other: $103,835
- Compensation: $1,577,623
- Related: $0
- Other: $103,992
- Compensation: $969,761
- Related: $0
- Other: $65,596
- Compensation: $1,304,189
- Related: $0
- Other: $206,096
- Compensation: $1,183,898
- Related: $0
- Other: $187,871
- Compensation: $1,133,415
- Related: $0
- Other: $276,107
- Compensation: $0
- Related: $803,952
- Other: $35,484
- Compensation: $1,900,793
- Related: $0
- Other: $38,897
- Compensation: $873,252
- Related: $0
- Other: $25,990
- Compensation: $798,566
- Related: $0
- Other: $33,461
- Compensation: $1,310,190
- Related: $0
- Other: $18,217
Official website here: www.fairview.org
Where can I find the form 990 for Fairview Health Services?
Fairview Health Services's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fairview.org
Learn more at the official website: www.fairview.org
Mission Statement of Fairview Health Services
Fairview Health Services, a dedicated organization, is committed to healing, discovering, and educating for longer, healthier lives. Driven by a strong mission, Fairview aspires to make a difference in people's lives and in communities, striving for excellence and continually improving its programs and skills through learning and innovation. The team at Fairview values the uniqueness of each person, respecting their privacy, cultures, values, beliefs, and traditions, and honoring their talents and contributions. With integrity at its core, Fairview communicates openly and honestly, behaves ethically, and demands the best of itself and its team members, accepting shared accountability for actions. Ultimately, Fairview's goal is to drive a healthier future.
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Impact
October, 2024
Fairview Health Services has a significant impact on the health landscape of Minnesota and beyond, focusing on improving health outcomes through a comprehensive suite of healthcare services. Operating an integrated academic health system with a wide-reaching network, Fairview serves the twelve-county Minneapolis/St. Paul Metro Area, as well as communities in greater Minnesota and parts of Northern Iowa and Western Wisconsin.
The organization provides an extensive range of healthcare options, including ten hospitals, over 80 primary and specialty care clinics, and various outpatient services. Such breadth allows Fairview to deliver comprehensive care that spans from emergency services to specialized treatments in more than 70 medical disciplines. This integrated care model not only facilitates efficient patient management but also connects patients with academic medicine, enhancing access to a broader pool of physicians and resources.
Fairview’s commitment to community health is particularly evident through initiatives like the Minnesota Immunization Network Initiative (MINI), designed to reduce barriers to vaccinations, particularly for underserved populations, including BIPOC communities. Through mobile vaccination clinics and partnerships with local organizations, Fairview has successfully administered vaccines in trusted community spaces, further addressing health disparities exacerbated by the COVID-19 pandemic.
Moreover, Fairview actively invests in education, research, and community programs, reinforcing its role as a catalyst for health improvement and innovation. With its substantial operational revenue and commitment to reducing the total cost of care, Fairview Health Services strives for excellence in service delivery, ensuring that patients receive high-quality care tailored to their unique needs. Overall, Fairview’s holistic approach positions it as a vital contributor to healthier communities and improved population health outcomes.
This information is meant to be a general summary of Fairview Health Services. 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 2023.
- Investment Income: $49,129,556
- Program Service Revenue: $4,537,368,667
- Gross Receipts: $5,361,710,400
Assets and Liabilities:
- Total Assets: $4,846,810,478
- Total Liabilities: $2,387,322,415
- Net Assets: $2,459,488,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Medicare-Medicaid Patient Care
Revenue
$1,693,201,261
Pharmacy
Revenue
$1,295,834,591
Patient Care Services
Revenue
$653,390,102
Laboratory
Revenue
$724,165,156
Parking
Revenue
$11,668,638
Organization Details
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