Compensation 990

Medica Foundation

Fiscal year ending 2024. Filed on November 14, 2025.

401 Carlson Parkway Cp 330
Minnetonka, Minnesota 55305

Medica Foundation (EIN: 41-1812461) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Medica Foundation, a 501(c)(3) charitable organization, reported compensation for 8 employees. Among the employees shown here, the average compensation is $616,961. The highest compensated employee at Medica Foundation is Elizabeth F Erickson with fiscal year 2024 compensation of $1,870,851.

Revenue, expenses, and employee compensation

Revenue

$7,617,966

Expenses

$3,512,890

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋50.6%vs 2023
Elizabeth F Erickson
President, CEO, and Treas THRU 1/2024
$1,870,851
$0 from org$1,669,649 from related$201,202 other
New in 2024
Krista Dusil
Senior Vice President, CFO, and Treasurer
$920,238
$0 from org$804,123 from related$116,115 other
－25.4%vs 2023
Mary P Quist
Senior Vice President, Finance THRU 6/2024
$639,953
$0 from org$604,708 from related$35,245 other
New in 2024
Alicia Reuter
Senior Vice President and Chief Legal Officer, Secretary
$481,224
$0 from org$408,482 from related$72,742 other
－9.9%vs 2023
James P Jacobson
Former Senior Vice President SEC and GEN Counsel
$403,815
$0 from org$403,815 from relatedNo other comp
－33.0%vs 2023
Mark L Baird
Former Senior Vice President and CFO
$370,125
$0 from org$370,125 from relatedNo other comp
－72.4%vs 2023
David H Ellenbogen
Former Senior Vice President SEC and GEN Counsel
$226,230
$0 from org$224,611 from related$1,619 other
New in 2024
Samuel Leon
Former Director
$23,250
$0 from org$23,250 from relatedNo other comp

Non-Employee Board Members

＋9.2%vs 2022
John Buck
Director
$145,250
$0 from org$145,250 from relatedNo other comp
＋6.0%vs 2023
John Stanoch
Chair and Director
$128,500
$0 from org$128,500 from relatedNo other comp
－18.7%vs 2023
Mary Twinem
Vice Chair and Director
$90,250
$0 from org$90,250 from relatedNo other comp
－7.6%vs 2023
Gaye Adams Massey
Director
$87,750
$0 from org$87,750 from relatedNo other comp
New in 2024
Ugwuji Maduekwe
Director
$18,500
$0 from org$18,500 from relatedNo other comp

Mission Statement

THE FOUNDATION GENERALLY SEEKS TO IMPROVE THE HEALTH OF THOSE IN NEED BY INVESTING IN COMMUNITY-LED INITIATIVES THAT ADVANCE HEALTH EQUITY.

Other organizations also named Medica Foundation

International Medica Foundation
Rochester, Minnesota

Revisions to this organization profile

November 14, 2025:
2024 Medica Foundation 990 filed
March 6, 2025:
Amended (originally filed November 15, 2024)2023 Medica Foundation 990 filed
November 8, 2023:
2022 Medica Foundation 990 filed

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