Nonprofit · EIN 31-1667875
RIDGEVIEW MEDICAL CENTER
Tax-exempt · WACONIA, MN 55387
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $407,074,551 | $403,331,858 | $3,742,693 | $402,094,568 | $239,155,056 | $162,939,512 |
| December 31, 2023 | 990 | $333,321,300 | $338,727,972 | -$5,406,672 | $409,522,555 | $251,466,636 | $158,055,919 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,594,485
- of which government grants
- $146,942
- Program service revenue
- $367,926,397
- Investment income
- $10,243,680
- Net rental income
- $7,368,588
- Net gain from sales of assets
- $7,754,728
- Net income from sales of inventory
- $5,461,672
- Other revenue
- $26,309,989
Expenses
- Grants and similar amounts paid
- $54,107
- Compensation of officers, directors and key employees
- $5,311,092
- Other salaries and wages
- $180,027,143
- Salaries, compensation and benefits (total)
- $214,274,488
- Professional fundraising fees
- $0
- Legal fees
- $410,080
- Accounting fees
- $241,743
- Occupancy
- $14,527,080
- Travel
- $544,082
- Depreciation
- $17,929,965
- Program services (functional)
- $297,683,799
- Management and general (functional)
- $105,648,059
Balance sheet and other
- Total assets, start of year
- $409,522,555
- Total assets, end of year
- $402,094,568
- Total liabilities, end of year
- $239,155,056
- Net assets, end of year
- $162,939,512
- Land, buildings and equipment
- $157,724,844
- Net assets without donor restrictions
- $153,152,493
- Net assets with donor restrictions
- $9,787,019
- Gross unrelated business income
- $992,366
- Gross receipts
- $409,517,043
- Employees
- 2,732
- Volunteers
- 90
- Year formed
- 1999
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL PHELPS | PRESIDENT/CEO Officer | 41 | $1,131,592 | $93,249 |
| AARON BLOOMQUIST | CFO Officer | 30.5 | $823,518 | $72,054 |
| STACEY LEE | VICE PRESIDENT Officer | 50 | $446,993 | $62,243 |
| ELAINE ARION | VICE PRESIDENT & CNO Officer | 50 | $327,910 | $69,916 |
| LISA SCHWARTZ | CHRO Officer | 50 | $333,874 | $48,079 |
| BENJAMIN NIELSEN | COO Officer | 44 | $359,651 | $19,477 |
| CHRISTOPHER STEFFEN | EXECUTIVE DIRECTOR Highest-paid employee | 50 | $326,334 | $43,321 |
| ANDREW KESTER | CIO Officer | 50 | $296,015 | $72,028 |
| TYLER JOHNSON | ADVANCED PRACTICE PROVIDER Highest-paid employee | 50 | $293,050 | $66,840 |
| GREGORY ERICKSON | CRNA Highest-paid employee | 50 | $301,298 | $55,376 |
| SARAH URTEL | VP OF SYSTEM SUPPORT Officer | 50 | $288,533 | $64,844 |
| TERRY LARIMER | ADVANCED PRACTICE PROVIDER Highest-paid employee | 50 | $293,265 | $47,820 |
| PAUL HAM | VP OF SUPPORT SERVICES Officer | 50 | $281,413 | $55,374 |
| JENNIFER CHARBONNET | CRNA Highest-paid employee | 50 | $279,872 | $43,863 |
| DR MATT HEROLD | VP OF MEDICAL AFFAIRS Officer | 50 | $290,196 | $28,269 |
11 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GORDON GABLENZ | CIO (LEFT JAN 2024) Officer | 30.5 | $86,018 | $0 | $8,847 |
| JEFF NELSON | BOARD MEMBER Trustee or director | 2 | $5,000 | $2,400 | $0 |
| THERESA DALEN | BOARD CHAIR Trustee or director, Officer | 2 | $6,000 | $0 | $0 |
| BRIAN MARK | BOARD VICE CHAIR Trustee or director, Officer | 2 | $5,000 | $0 | $0 |
| VAN COLSON | TREASURER Trustee or director, Officer | 2 | $5,000 | $0 | $0 |
| DAVE KIRSCH | SECRETARY Trustee or director, Officer | 2 | $5,000 | $0 | $0 |
| JULIE OSTERBERG | BOARD MEMBER Trustee or director | 2 | $5,000 | $0 | $0 |
| STUART GRONINGA | BOARD MEMBER Trustee or director | 2 | $5,000 | $0 | $0 |
| HEATHER REIGHARD | BOARD MEMBER Trustee or director | 2 | $5,000 | $0 | $0 |
| KATE ROEHL | BOARD MEMBER Trustee or director | 2 | $5,000 | $0 | $0 |
| MIKE SCHULER | BOARD MEMBER Trustee or director | 2 | $5,000 | $0 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL PHELPS | PRESIDENT/CEO Officer | 41 | $1,117,159 | $0 | $89,808 |
| AARON BLOOMQUIST | CFO Officer | 30.5 | $606,487 | $0 | $81,944 |
| GORDON GABLENZ | CIO Officer | 30.5 | $445,020 | $0 | $95,049 |
| ELAINE ARION | VICE PRESIDENT & CNO Officer | 50 | $339,430 | $0 | $67,664 |
| BENJAMIN NIELSEN | COO Officer | 44 | $373,549 | $0 | $17,913 |
| STACEY LEE | VICE PRESIDENT Officer | 50 | $298,686 | $0 | $69,802 |
| SARAH URTEL | VP OF SYSTEM SUPPORT Officer | 50 | $299,319 | $0 | $63,967 |
| PAUL HAM | VP OF SUPPORT SERVICES Officer | 50 | $293,693 | $0 | $53,000 |
| TYLER JOHNSON | ADVANCED PRACTICE PROVIDER Highest-paid employee | 50 | $276,733 | $0 | $65,059 |
| GREGORY ERICKSON | CRNA Highest-paid employee | 50 | $274,421 | $0 | $63,152 |
| ANDREW KESTER | CIO Officer | 50 | $280,382 | $0 | $53,072 |
| LISA SCHWARTZ | CHRO Officer | 50 | $280,382 | $0 | $53,072 |
| JENNIFER CHARBONNET | CRNA Highest-paid employee | 50 | $270,544 | $0 | $44,524 |
| JENNIE TOROLA | CRNA Highest-paid employee | 50 | $254,149 | $0 | $58,497 |
| CHRISTOPHER STEFFEN | EXECUTIVE DIRECTOR Highest-paid employee | 50 | $253,420 | $0 | $42,703 |
| DR MATT HEROLD | VP OF MEDICAL AFFAIRS Officer | 50 | $239,504 | $0 | $24,127 |
| JEFF NELSON | BOARD MEMBER Trustee or director | 2 | $3,750 | $1,800 | $0 |
| THERESA DALEN | BOARD CHAIR Trustee or director, Officer | 2 | $4,500 | $0 | $0 |
| BRIAN MARK | BOARD VICE CHAIR Trustee or director, Officer | 2 | $3,750 | $0 | $0 |
| VAN COLSON | TREASURER Trustee or director, Officer | 2 | $3,750 | $0 | $0 |
| JULIE OSTERBERG | SECRETARY Trustee or director, Officer | 2 | $3,750 | $0 | $0 |
| STUART GRONINGA | BOARD MEMBER Trustee or director | 2 | $3,750 | $0 | $0 |
| DAVE KIRSCH | BOARD MEMBER Trustee or director | 2 | $3,750 | $0 | $0 |
| HEATHER REIGHARD | BOARD MEMBER Trustee or director | 2 | $3,750 | $0 | $0 |
| KATE ROEHL | BOARD MEMBER Trustee or director | 2 | $3,750 | $0 | $0 |
| MIKE SCHULER | BOARD MEMBER Trustee or director | 2 | $3,750 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 S MAPLE ST, WACONIA, MN 55387-1752
- In care of
- % A ROSENDAHL DIR OF FINANCE
- Principal officer (990 for 2024)
- MICHAEL PHELPS, 500 SOUTH MAPLE STREET, WACONIA, MN 553871791
- Signed the 990
- AARON BLOOMQUIST, CHIEF FINANCIAL OFFICER
- Phone
- (952) 442-2191
- Website
- WWW.RIDGEVIEWMEDICAL.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
RIDGEVIEW MEDICAL CENTER EXISTS TO ENHANCE THE LIFELONG HEALTH OF PEOPLE IT SERVES WITH A CULTURE THAT NURTURES THE WHOLE PERSON: MIND, BODY, AND SPIRIT.
Program accomplishments
- RIDGEVIEW MEDICAL CENTER ENHANCED AND PROVIDED QUALITY HEALTHCARE SERVICES FOR THE COMMUNITY OF WACONIA AND SURROUNDING AREAS. THE HOSPITAL PROVIDED CHARITY CARE AND OTHER UNCOMPENSATED CARE IN THE AMOUNT OF $876,975 DURING 2024. THE UNPAID COST FOR SERVICES PROVIDED TO MEDICAID AND MEDICARE PATIENTS WAS $12,679,529 AND $45,968,162 IN 2024. IN 2024 THE HOSPITAL SPENT $11,942,761 ON UNCOMPENSATED COMMUNITY SERVICES INCLUDING TAXES AND FEES. THE HOSPITAL HAD 27,418 INPATIENT HOSPITAL STAYS, 48,025 EMERGENCY CARE VISITS, 46,168 URGENT CARE VISITS, 54,291 HOME HEALTH VISITS, 16,067 SURGERY CASES, 1,457 BIRTHS, 17,097 AMBULANCE CALLS, 176,584 PRIMARY AND SPECIALTY CLINIC VISITS, AND 720,968 LAB TESTS IN 2024 RIDGEVIEW MEDICAL CENTER SERVES MORE THAN 310,000 PEOPLE, WHILE OPERATING ONE HOSPITAL, ONE FREE-STANDING EMERGENCY AND URGENT CARE FACILITY, AND SEVEN MULTI-SPECIALTY CLINIC LOCATIONS.Expenses $297,683,799 · grants $54,107 · revenue $367,926,397
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1667875
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $402,094,568
- Income (IRS master file)
- $409,517,043
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $407,074,551 | $403,331,858 | $402,094,568 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $333,321,300 | $338,727,972 | $409,522,555 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $311,550,347 | $313,148,663 | $359,852,774 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1667875).
Questions about RIDGEVIEW MEDICAL CENTER
- What is the EIN of RIDGEVIEW MEDICAL CENTER?
- The employer identification number (EIN) of RIDGEVIEW MEDICAL CENTER is 31-1667875.
- Is RIDGEVIEW MEDICAL CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to RIDGEVIEW MEDICAL CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIDGEVIEW MEDICAL CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RIDGEVIEW MEDICAL CENTER due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIDGEVIEW MEDICAL CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RIDGEVIEW MEDICAL CENTER?
- The 990 for the year ended December 31, 2024 names MICHAEL PHELPS.
- Who are the officers and directors of RIDGEVIEW MEDICAL CENTER?
- The 990 for the year ended December 31, 2024 lists 26 people; 26 received compensation from the organization, the highest $1,131,592 (MICHAEL PHELPS, PRESIDENT/CEO).
- How much revenue does RIDGEVIEW MEDICAL CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $407,074,551, expenses of $403,331,858 and total assets of $402,094,568 at year end.
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