UNIVERSITY OF MINNESOTA PHYSICIANS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$903,048,414
Program Services
>99%
Other
<1%
Investments
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$909,135,379
Salaries & Benefits
91%
Other
3%
Fees to Service Providers
3%
Offices, Occupancy & IT
2%
Grants
1%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$898,127,070
$897,039,783
0%
Membership Dues
$0
$0
-
Investments
$1,277,439
$2,340,605
+83%
Other
$3,544,844
$3,668,026
+3%
Total Revenues
$902,949,353
$903,048,414
+0%
Expenses
2023
2024
Change
Grants
$17,327,786
$9,138,381
-47%
Benefits to Members
$0
$0
-
Salaries & Benefits
$777,623,755
$823,558,183
+6%
Fees to Service Providers
$21,068,779
$23,426,795
+11%
Advertising & Promotion
$52,904
$150,992
+185%
Offices, Occupancy & IT
$18,583,234
$19,041,408
+2%
Interest
-$1,169
$0
-100%
Depreciation
$2,701,182
$2,875,756
+6%
Other
$35,886,575
$30,943,864
-14%
Total Expenses
$873,243,046
$909,135,379
+4%
Net income
2023
2024
Change
Net income
+$29,706,307
-$6,086,965
-120%
Functional Expenses
Summary
2023
2024
Change
Program
$813,086,100
$848,210,015
+4%
Admin
$60,156,946
$60,925,364
+1%
Fundraising
$0
$0
-
Total Expenses
$873,243,046
$909,135,379
+4%
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