Nonprofit · EIN 41-0855367
OLMSTED MEDICAL CENTER
Tax-exempt · ROCHESTER, MN 55904
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $304,844,558 | $298,549,388 | $6,295,170 | $311,451,969 | $62,244,027 | $249,207,942 |
| December 31, 2023 | 990 | $278,954,376 | $273,475,611 | $5,478,765 | $295,849,044 | $55,026,006 | $240,823,038 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $23,598
- of which government grants
- $640
- Program service revenue
- $299,232,643
- Investment income
- $4,557,215
- Net rental income
- $62,811
- Net gain from sales of assets
- -$162,568
- Net income from sales of inventory
- $28,648
- Other revenue
- $1,031,102
Expenses
- Grants and similar amounts paid
- $233,072
- Compensation of officers, directors and key employees
- $2,529,810
- Other salaries and wages
- $138,805,705
- Salaries, compensation and benefits (total)
- $178,547,187
- Professional fundraising fees
- $0
- Legal fees
- $276,316
- Accounting fees
- $128,401
- Occupancy
- $7,593,006
- Travel
- $486,316
- Depreciation
- $11,767,085
- Program services (functional)
- $253,689,705
- Management and general (functional)
- $44,215,498
- Fundraising (functional)
- $644,185
Balance sheet and other
- Total assets, start of year
- $295,849,044
- Total assets, end of year
- $311,451,969
- Total liabilities, end of year
- $62,244,027
- Net assets, end of year
- $249,207,942
- Land, buildings and equipment
- $100,491,887
- Publicly traded securities
- $52,083,563
- Net assets without donor restrictions
- $249,207,942
- Gross unrelated business income
- $2,386,432
- Gross receipts
- $312,703,961
- Employees
- 1,698
- Volunteers
- 63
- Year formed
- 1949
- 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 |
|---|---|---|---|---|
| MATTHEW KIRSCH MD | PHYSICIAN Highest-paid employee | 36 | $1,105,153 | $36,477 |
| VIDHAN CHANDRA MD | PHYSICIAN Highest-paid employee | 36 | $1,116,000 | $24,023 |
| MARK HERR MD | PHYSICIAN Highest-paid employee | 40 | $1,029,514 | $26,295 |
| JACOB JUTA MD | PHYSICIAN Highest-paid employee | 40 | $1,011,604 | $35,205 |
| SAMER ABDEL-AZIZ MD | PHYSICIAN Highest-paid employee | 40 | $989,659 | $36,557 |
| TIM WEIR FACHE | CHIEF EXECUTIVE OFFICER Officer | 40 | $965,511 | $44,170 |
| JAMES HOFFMANN DO | PRESIDENT Trustee or director, Officer | 32 | $661,811 | $45,031 |
| KEVIN HIGGINS | CHIEF FINANCIAL OFFICER Officer | 40 | $593,312 | $67,572 |
| TAMARA ALEXANDROV MD | CLINIC TRUSTEE Trustee or director | 37.2 | $488,548 | $25,523 |
| KEITH KLEIS MD | CLINIC TRUSTEE Trustee or director | 40 | $443,183 | $57,424 |
| MARAL KENDARIAN MD | CLINIC TRUSTEE Trustee or director | 34 | $459,067 | $25,523 |
| MARK WILBUR MD CHIEF | CHEIF MEDICAL OFFICER Officer | 40 | $440,559 | $26,295 |
| MIKE MALUGANI | PUBLIC TRUSTEE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL TUOHY | PUBLIC TRUSTEE-VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAM BISHOP | PUBLIC TRUSTEE Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CASSIE HARRINGTON | PUBLIC TRUSTEE Trustee or director | 1 | $0 |
| JUSTIN MCNEILUS | PUBLIC TRUSTEE Trustee or director | 1 | $0 |
| CAROLE NISTLER MD | PUBLIC TRUSTEE Trustee or director | 1 | $0 |
| DON SUPALLA | PUBLIC TRUSTEE Trustee or director | 1 | $0 |
| CORENIA WALZ | PUBLIC TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW KIRSCH MD | PHYSICIAN Highest-paid employee | 36 | $1,140,560 | $42,234 |
| VIDHAN CHANDRA MD | PHYSICIAN Highest-paid employee | 36 | $1,065,088 | $14,969 |
| SAMER ABDEL-AZIZ MD | PHYSICIAN Highest-paid employee | 40 | $1,030,524 | $42,473 |
| MARK HERR MD | PHYSICIAN Highest-paid employee | 40 | $1,051,783 | $15,395 |
| TIM WEIR FACHE | CHIEF EXECUTIVE OFFICER Officer | 40 | $945,667 | $31,142 |
| SRDAN BABOVIC MD | PHYSICIAN Highest-paid employee | 40 | $951,501 | $14,588 |
| JAMES HOFFMANN DO | PRESIDENT Trustee or director, Officer | 32 | $645,762 | $31,985 |
| KEVIN HIGGINS | CHIEF FINANCIAL OFFICER Officer | 40 | $578,825 | $50,782 |
| TAMARA ALEXANDROV MD | CLINIC TRUSTEE Trustee or director | 37.2 | $493,641 | $12,402 |
| KEITH KLEIS MD | CLINIC TRUSTEE Trustee or director | 40 | $403,115 | $42,234 |
| MARAL KENDARIAN MD | CLINIC TRUSTEE Trustee or director | 34 | $391,807 | $14,623 |
| MARK WILBUR MD CHIEF | MEDICAL OFFICER (STARTING JULY 2023) Officer | 40 | $385,476 | $15,635 |
| RANDY HEMANN MD CHIEF | MEDICAL OFFICER (THROUGH JUNE 2023) Officer | 40 | $376,634 | $22,917 |
| MIKE MALUGANI | PUBLIC TRUSTEE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL TUOHY | PUBLIC TRUSTEE-CHAIR ELECT Trustee or director, Officer | 1 | $0 | $0 |
| CASSIE HARRINGTON | PUBLIC TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAROLE NISTLER MD | PUBLIC TRUSTEE Trustee or director | 1 | $0 | $0 |
| WENDY SHANNON | PUBLIC TRUSTEE Trustee or director | 1 | $0 | $0 |
| DON SUPALLA | PUBLIC TRUSTEE Trustee or director | 1 | $0 | $0 |
| CORENIA WALZ | PUBLIC TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 210 NINTH ST SE, ROCHESTER, MN 55904-6756
- In care of
- % ROCHELLE LAFORTUNE
- Principal officer (990 for 2024)
- JAMES HOFFMANN, 210 NINTH STREET SE, ROCHESTER, MN 55904
- Signed the 990
- TIM WEIR, CHIEF EXECUTIVE OFFICER
- Phone
- (507) 288-3443
- Website
- WWW.OLMMED.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PARTNERING FOR BETTER HEALTH AND BETTER LIVES.
Program accomplishments
- PERSONAL APPROACH TO CARE THROUGH MORE THAN 25 SPECIALTIES. ALL OF OUR SPECIALTY SERVICES COMPLIMENT PRIMARY CARE AND OFFER PATIENTS GREATER CONVENIENCE AND PEACE OF MIND. WE CONTINUE TO WORK TO POSITION OMC AS A PREFERRED HEALTHCARE PROVIDER FOR PRIMARY AND SECONDARY CARE AMONG SOUTHEASTERN MINNESOTA RESIDENTS. OMC'S 218 CLINICIANS AND 1,100+ HEALTHCARE PROFESSIONALS SERVE AT 27 LOCATIONS, INCLUDING PHYSICAL/OCCUPATIONAL THERAPY, TWO MULTI-SPECIALTY CLINICS, SPORTS MEDICINE FACILITIES, A LEVEL IV TRAUMA HOSPITAL WITH 24-HOUR EMERGENCY ROOM AND BIRTHCENTER, TWO WALK-IN FASTCARE RETAIL CLINICS, A SKYWAY CLINIC IN DOWNTOWN ROCHESTER, AND 11 COMMUNITY BRANCH CLINICS. IN 2024, OMC HAD 373,510 PATIENT VISITS SERVING 83,459 UNIQUE PATIENTS. (CONTINUED ON SCHEDULE O)THE HOSPITAL PROVIDED CARE FOR 2,736 PATIENT ADMISSIONS RESULTING IN 6,927 PATIENT DAYS INCLUDING 939 BIRTHS.Expenses $253,512,809 · grants $233,072 · revenue $296,846,211
- OMC WELCOMES ITS MANY OPPORTUNITIES TO BE AN ACTIVE, CONTRIBUTING PARTNER TO SOUTHEASTERN MINNESOTA'S HEALTH AND WELLNESS EFFORTS. AS A 501(C)(3) NON-PROFIT ORGANIZATION, OMC ACTIVELY SUPPORTS SOUTHEASTERN MINNESOTA'S HEALTH AND WELLNESS EFFORTS THROUGH THE CONTRIBUTION OF STAFF TIME/TALENT, IN-KIND RESOURCES, AND FINANCIAL ASSISTANCE. IN 2024, OUR COMMUNITY CONTRIBUTIONS MADE UP 30.80% OF OUR ANNUAL OPERATING EXPENSE - MORE THAN $91,775 IN SUPPORT OF OUR COMMITMENT TO BE AN ACTIVE, CONTRIBUTING PARTNER IN THE COMMUNITIES WE SERVE. ANOTHER WAY OMC ACTIVELY SUPPORTS COMMUNITY HEALTH IS THROUGH ITS PARTNERSHIP WITH MAYO CLINIC, OLMSTED COUNTY PUBLIC HEALTH, AND SEVERAL OTHER COMMUNITY-SERVICE ORGANIZATIONS AS TOGETHER WE IMPLEMENTED (CONTINUED ON SCHEDULE O)THE YEAR-THREE ACTION PLAN BASED ON OUR COLLABORATIVE COMMUNITY HEALTH NEEDS ASSESSMENT (CHNA). OVER THE PAST YEAR, WE CONTINUED TO MAKE IT EASIER FOR COMMUNITY MEMBERS TO DONATE THEIR TIME AND TALENT TO OMC. IN ADDITION TO ADDING AN ONLINE VOLUNTEER APPLICATION FORM TO OUR WEBSITE, WE EXPANDED OUR VOLUNTEERS IN PATIENT CARE OPPORTUNITIES LIKE CANINE COMPANIONS AND ESCORT/GREETER ROLES TO HELP PATIENTS NAVIGATE OUR EXPANDING HOSPITAL CAMPUS.Expenses $176,896
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
- 41-0855367
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $311,451,969
- Income (IRS master file)
- $312,703,961
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $304,844,558 | $298,549,388 | $311,451,969 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $278,954,376 | $273,475,611 | $295,849,044 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $258,723,356 | $254,800,158 | $277,318,598 | 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 41-0855367).
Questions about OLMSTED MEDICAL CENTER
- What is the EIN of OLMSTED MEDICAL CENTER?
- The employer identification number (EIN) of OLMSTED MEDICAL CENTER is 41-0855367.
- Is OLMSTED MEDICAL CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to OLMSTED MEDICAL CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLMSTED 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 OLMSTED 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 OLMSTED 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 OLMSTED MEDICAL CENTER?
- The 990 for the year ended December 31, 2024 names JAMES HOFFMANN.
- Who are the officers and directors of OLMSTED MEDICAL CENTER?
- The 990 for the year ended December 31, 2024 lists 20 people; 12 received compensation from the organization, the highest $1,105,153 (MATTHEW KIRSCH MD, PHYSICIAN).
- How much revenue does OLMSTED MEDICAL CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $304,844,558, expenses of $298,549,388 and total assets of $311,451,969 at year end.
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- MAYO CLINIC EIN 41-6011702 · last filed 990 for 2024
- HEARTWORKS INC EIN 85-1282127 · last filed 990-PF for 2024
- SEASONS HOSPICE EIN 41-1812914 · last filed 990 for 2024
- ADAPTA EIN 41-1863432 · last filed 990 for 2025
- GIFT OF LIFE INC EIN 41-1495845 · last filed 990 for 2024
- EXERCISABILITIES INC EIN 45-5214117 · last filed 990 for 2024
- CHILDRENS DENTAL HEALTH SERVICES EIN 20-3677586 · last filed 990 for 2025