Olmsted Medical Center
Olmsted Medical Center reported $304.8 million in revenue and $298.5 million in expenses for calendar year 2024. Of every $100 it spent, $84.97 went to program services, $14.81 to management and general costs and $0.22 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.2% of the total. The highest compensation it reported for one person was $1,141,630 (PHYSICIAN). 299 people received more than $100,000 in reportable compensation. Revenue rose 34% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $299MFor 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 $305MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.8% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.2% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.2% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,141,630 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.38% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 299 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 10.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 8 of 12 | 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 expensePersonal 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…
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…
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 |
|---|---|---|---|---|
| PHYSICIAN Highest compensated employee, 36.00 hrs/week | $1,105,153 | $0 | $36,477 | $1,141,630 |
| PHYSICIAN Highest compensated employee, 36.00 hrs/week | $1,116,000 | $0 | $24,023 | $1,140,023 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $1,029,514 | $0 | $26,295 | $1,055,809 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $1,011,604 | $0 | $35,205 | $1,046,809 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $989,659 | $0 | $36,557 | $1,026,216 |
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $965,511 | $0 | $44,170 | $1,009,681 |
| PRESIDENT Director/trustee, officer, 32.00 hrs/week | $661,811 | $0 | $45,031 | $706,842 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $593,312 | $0 | $67,572 | $660,884 |
299 people received more than $100,000 in reportable compensation from Olmsted Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.5M (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–1b12 · 8 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 4No
- 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 51,698
- Volunteers Part I, line 663
Private foundation grants it received
1 private foundation reported grants to Olmsted Medical Center totaling $267 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 Olmsted 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 Olmsted Medical Center, you can publish a response that is linked from this page.
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Of every $100 Olmsted Medical Center spent in 2024, $84.97 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Olmsted Medical Center's spending goes to programs?
In calendar year 2024, Olmsted Medical Center reported that 85.0% of its $298.5 million in expenses went to program services, 14.8% to management and general and 0.2% to fundraising (Form 990, Part IX).
How much does Olmsted Medical Center pay its top executive?
The largest total compensation Olmsted Medical Center reported for one person in calendar year 2024 was $1,141,630, for the role of PHYSICIAN (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Olmsted Medical Center get its money?
Of $304.8 million in revenue in calendar year 2024, 0.0% came from contributions and grants (including 0.0% from government grants) and 98.2% from program service revenue (Form 990, Part VIII).
Is Olmsted Medical Center a registered charity?
The IRS lists EIN 41-0855367 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 202522759349301832 · read the filing
- 2023: Form 990 for calendar year 2023, object 202402749349301335 · read the filing
- 2022: Form 990 for calendar year 2022, object 202342929349301529 · read the filing
- 2021: Form 990 for calendar year 2021, object 202212799349300631 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132929349301028 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002809349301240 · read the filing
All filings for EIN 41-0855367: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.