Minnesota's nonprofits are in survival mode

Posted on January 19th, 2012 by

HEALTH CARE Because of state law and regulatory policies, HMOs and most hospitals in Minnesota are incorporated as nonprofits. As a result, health care nonprofits dominate the Nonprofit 100 survey, accounting for 53 of the top 100 organizations in 2010 -- the same as in 2009…At Blue Cross and Blue Shield of Minnesota, the largest nonprofit on our list, revenue fell nearly 1 percent to $9 billion. At No. 2-ranked Mayo Clinic, revenue rose 3.2 percent to $8.2 billion.

Star Tribune, by Patrick Kennedy, 12/2011

Tags: Finanical, Mayo Clinic Rochester

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