Essentia Health

What it reported doing in 2024

St. Joseph's medical center, dba essentia health st. Joseph's medical center, is created and organized exclusively for charitable, religious, educational, and scientific purposes. More specifically, essentia health st. Joseph's medical center is created and organized to own, maintain, operate and conduct, directly or indirectly, and to assist and coordinate activities of facilities for health care, education, care for the aged and social services in accordance with the charitable works tradition of the roman catholic church.essentia health st. Joseph's medical center has a joint commission accredited hospital with 162 licensed beds and 18 clinics serving crow wing, cass, and morrison counties. The hospital is a level iii trauma center and designated as a primary stroke center. It offers emergency care 24 hours a day. Essentia health st. Joseph's medical center offers inpatient and outpatient services including imaging/radiology, lab, surgery, birthing services, heart and vascular, rehabilitation, and cancer services.essentia health st. Joseph's medical center employs approximately 925 full time equivalents. The hospital provided nearly 20,000 hospital patient days and over 125,000 outpatient visits during fiscal year ended june 30, 2025. The clinics had nearly 240,000 encounters during the same time period.during the fiscal year ended june 30, 2025, essentia health st. Joseph's medical center provided the following community benefits: $1.9 million in charity care, $15.9 million costs in excess of medicaid payments, $299,000 in community services, and $239,000 in health profession education.essentia health is the parent organization of an integrated health system that includes this organization and all entities that are owned or controlled, directly or indirectly, by essentia health (collectively, the "system or "essentia health").

Financial Efficiency

• Mission deployment rate: 80.6%; rating input score 81
• Program expense ratio: 87.5%; rating input score 87
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 98.9%; rating input score 99; 37th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 83.3%; rating input score 83; 31st 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: 7.3%; rating input score 65; 65th percentile among comparable filings
• Total-asset coverage ratio: 1.62; rating input score 56; 56th percentile among comparable filings
• Liabilities to assets ratio: 0.12; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 1.1%; rating input score 72; 72nd percentile among comparable filings

Growth

• Program expense growth: 6% per year; rating input score 100; 49th percentile among comparable filings
• Revenue growth: 5.2% per year; rating input score 100; 45th percentile among comparable filings
• Asset growth: 7.8% per year; rating input score 100; 58th percentile among comparable filings