January 19, 2012

Minnesota’s nonprofits are in survival mode


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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