Children's Minnesota

Legal name: Children's Health Care

Nonprofit profile at a glance

EIN
411754276
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Minneapolis, MN, USA
Phone
6128136000
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, Specialty

Official website

Reported finances

Revenue
$1,206,394,087
Expenses
$1,145,365,669
Assets
$1,890,955,620
Liabilities
$480,106,016

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

41 people listed

Executive titles in this filing

  • MARC GORELICK MD (PRESIDENT AND CEO)
  • JENNY SODERHOLM (FOUNDATION PRESIDENT)

Highest reported compensation

  • MARC GORELICK MD (PRESIDENT AND CEO): $4,156,070 total reported compensation
  • MEYSAM KEBRIAEI MD (SURGICAL DIR, PEDS NEUROSURGEON): $1,182,441 total reported compensation
  • KYLE HALVORSON MD (STAFF PHYSICIAN): $1,129,963 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Children’s Minnesota has a mission to deliver the health care children deserve—highly specialized, deeply compassionate and made just for them. Hospital bills and health insurance matters can be complex and time consuming. We have extensive information on our billing process, resources for financial counseling and other support in our Billing and Financial Matters section. If you have additional questions, contact one of our financial customer service lines: For hospitals call 952-992-5650 For general pediatric or specialty services call 952-992-5640. At Children’s Minnesota, we take great pride in the care we provide to our patients and their families. We want you and your child to experience the very best in care, comfort and compassion throughout your visit to Children’s Minnesota. If you and your family have any questions, concerns, or wish to file a grievance, please talk with...

What it reported doing in 2024

Research: children's has 348 open research studies, of which 171 are actively recruiting clinical trials. In 2024 children's received about $5.3 million from industry contracts and federal stateand foundation sponsors. Types of studies and trials conducted at children's are investigator-initiated studies, external multi-center trials, observational studies, registries, and supportive services such as case management. Children's had ongoing research in emergency/trauma, cystic fibrosis, diabetes and endocrinology, cardiovascular and critical care, pain and palliative care, integrative medicine, genetics, cancer and blood disorders, and neonatology ent and rehab.see schedule o.

Operating model

Revenue model
Other-operating. 94% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 81
  • Accountability: 96
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.9%; rating input score 86
  • Program expense ratio: 87.3%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 99.5%; rating input score 100; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 94.1%; rating input score 94; 45th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.1%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 1.65; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 41st percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site
  • Where the money goes: 85.9% of revenue deployed · 87.3% of spending went to programs
  • Governance: 16 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1B in reported program spending
  • Leadership: top reported pay $4.2M · 41 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $46.8M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 38 filed money-flow records
  • Related organizations: 20 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Sustainability: Operating margin scored 57/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.