Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard." Which Organizations Are Here?Įvery organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. These audits are copied from the Federal Audit Clearinghouse. We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly. In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This data release includes only a subset of what can be found in the full Form 990s. The summary data contains information processed by the IRS during the 2012-2019 calendar years this generally consists of filings for the 2011-2018 fiscal years, but may include older records. More than 32,000 people currently work at the two health systems properties.Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats. Neither Fairview nor HealthEast will say whether merging their systems will result in layoffs. "You need a broader base or a broader market to serve that, and so there could be a strong argument for that," Zismer said. That could send many more patients into its teaching hospital at the University of Minnesota, thereby strengthening the future of that facility and the medical school. The larger system would have a bigger referral base. Zismer said that while such mergers are never an easy sell to regulators, Fairview does have one big selling point. "This is a very competitive market with incredibly capable health care organizations with Allina and HeathPartners and Mayo, so I don't think that's really much of an issue and especially given our complimentary geographies," he said. Hereford says he's confident regulators will not try to block the merger. They will scrutinize it for anti-competitive concerns. The deal would require approval from the Federal Trade Commission and the Minnesota Attorney General. "A number of folks had expected more consolidation in the Twin Cities and one of the two questions that's always been on the table is, which is first?" Zismer said. The Twin Cities health care market has an oversupply of services and is ripe for consolidation. University of Minnesota School of Health Professor Emeritus Daniel Zismer says the deal does not come as a surprise. Fitch Ratings cited weak cash flows and raised doubts that the finances would improve, noting the company's plan to boost its fortunes by going on a hiring spree and adding hundreds of doctors to its payroll. Last May the company's credit rating was downgraded. A 2014 financial report showed business had declined over 3 years. Public documents indicate HealthEast has been struggling financially. "Our patients our employees, those we serve - our employers have people all over both sides of the metro, so to be part of something that has that total complement of services both from a geography perspective but then also from a whole care continuum perspective," Correia said.Ĭorreia predicts HealthEast customers will end up paying less for health care if the merger goes through because of expected efficiencies. HealthEast CEO Kathryn Correia says the bigger geographic footprint will expand the clinical services available to the system's patients. "So it gives us more complete geographic coverage but it's also the ability to combine the best of the two organizations." Paul area, with Fairview much more centered in Minneapolis and surrounding areas," he said. HealthEast is largely centered in the St. Fairview CEO James Hereford will lead the combined organization. The systems say merging will allow them to benefit from greater efficiencies that come with size. HealthEast has only one-third as many clinics and four hospitals. Fairview is much larger than HealthEast, with seven hospitals and 42 primary care clinics.
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