Ridgeview Medical Center
Ridgeview Medical Center reported $407.1 million in revenue and $403.3 million in expenses for calendar year 2024. Of every $100 it spent, $73.81 went to program services, $26.19 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 90.4% of the total. The highest compensation it reported for one person was $1,224,841 (PRESIDENT/CEO). 293 people received more than $100,000 in reportable compensation. Revenue rose 46% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $403MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $407MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.8% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 26.2% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.6% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 90.4% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,224,841 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.30% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 293 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.8 | 6.6 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseRidgeview 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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 41.00 hrs/week | $1,131,592 | $0 | $93,249 | $1,224,841 |
| CFO Officer, 30.50 hrs/week | $823,518 | $0 | $72,054 | $895,572 |
| VICE PRESIDENT Officer, 50.00 hrs/week | $446,993 | $0 | $62,243 | $509,236 |
| VICE PRESIDENT & CNO Officer, 50.00 hrs/week | $327,910 | $0 | $69,916 | $397,826 |
| CHRO Officer, 50.00 hrs/week | $333,874 | $0 | $48,079 | $381,953 |
| COO Officer, 44.00 hrs/week | $359,651 | $0 | $19,477 | $379,128 |
| EXECUTIVE DIRECTOR Highest compensated employee, 50.00 hrs/week | $326,334 | $0 | $43,321 | $369,655 |
| CIO Officer, 50.00 hrs/week | $296,015 | $0 | $72,028 | $368,043 |
293 people received more than $100,000 in reportable compensation from Ridgeview Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 52,732
- Volunteers Part I, line 690
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| EMPAC Emergency department physician services | $11,212,084 |
| 3KEYLOGIC LLC It services | $2,626,423 |
| CHILDRENS HOSPITAL & CLINICS Medical services | $2,582,076 |
| AYA HEALTHCARE Nursing services | $2,465,369 |
| MAYO COLLABORATIVE SERVICES INC Medical services | $1,759,907 |
Individuals listed as contractors are left out. 28 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Ridgeview Medical Center totaling $1,016 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Ridgeview Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ridgeview Medical Center, you can publish a response that is linked from this page.
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Of every $100 Ridgeview Medical Center spent in 2024, $73.81 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Wyckoff Heights Medical CenterBrooklyn, NY · revenue $406M · programs 70.0% · 2024
- UPMC Western Maryland CorporationCumberland, MD · revenue $407M · programs 93.7% · FY2025
- Hamaspik ChoiceSpring Valley, NY · revenue $406M · programs 94.9% · 2024
- Carilion New River Valley Medical CenterRoanoke, VA · revenue $408M · programs 80.3% · FY2025
- Vail ClinicVail, CO · revenue $405M · programs 75.4% · FY2025
Questions people ask
How much of Ridgeview Medical Center's spending goes to programs?
In calendar year 2024, Ridgeview Medical Center reported that 73.8% of its $403.3 million in expenses went to program services, 26.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Ridgeview Medical Center pay its top executive?
The largest total compensation Ridgeview Medical Center reported for one person in calendar year 2024 was $1,224,841, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ridgeview Medical Center get its money?
Of $407.1 million in revenue in calendar year 2024, 0.6% came from contributions and grants (including 0.0% from government grants) and 90.4% from program service revenue (Form 990, Part VIII).
Is Ridgeview Medical Center a registered charity?
The IRS lists EIN 31-1667875 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513109349300436 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443169349302219 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303179349303480 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233189349310453 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143199349313389 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023179349301632 · read the filing
All filings for EIN 31-1667875: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.