Ridgeview Medical Center

Organization Overview

Ridgeview Medical Center is located in Waconia, MN. The organization was established in 1999. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Ridgeview Medical Center employed 2,289 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgeview Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Ridgeview Medical Center generated $297.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $298.1m during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MAKE A POSITIVE DIFFERENCE IN THE QUALITY OF LIFE AND HEALTH FOR THE PEOPLE OF OUR AREA.

Describe the Organization's Program Activity:

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 $847,774 DURING 2021. THE UNPAID COST FOR SERVICES PROVIDED TO MEDICAID AND MEDICARE PATIENTS WAS $9,315,321 AND $31,855,340 IN 2021. UNREIMBURSED COSTS ASSOCIATED WITH THE TRAINING OF HEALTHCARE PROFESSIONALS SUCH AS HIGH SCHOOL STUDENTS SHADOWING FOR INTERNSHIPS FOR PHARMACY, IMAGING, DIETARY, AND MORE TOTALED $219,057. IN 2021 THE HOSPITAL SPENT $9,657,794 ON OTHER UNCOMPENSATED COMMUNITY SERVICES INCLUDING TAXES AND FEES. THE HOSPITAL SERVED 7,344 INPATIENTS, 33,077 EMERGENCY CARE VISITS, 47,566 HOME HEALTH VISITS, 5,156 SURGERIES, 1,424 BIRTHS, 18,864 AMBULANCE RUNS, AND 359,110 OUTPATIENT VISITS IN 2021. RIDGEVIEW MEDICAL CENTER SERVES MORE THAN 350,000 PEOPLE, OPERATES ONE HOSPITAL, ONE FREE-STANDING EMERGENCY AND URGENT CARE FACILITY CENTER AND SEVEN MULTI-SPECIALTY CLINIC LOCATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Phelps
President/ceo
$1,197,762
Gordon Gablenz
Cio
$801,951
Ken Gilles
Cio
$302,829
Benjamin Nielsen
COO
$298,901
Aaron Bloomquist
CFO
$276,340
Pamela Williams
Vice President (thru July 2021)
$262,574

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Empac
Ed Physician Services
$9,587,262
Mayo Collaborative Service Inc
Medical Services
$1,714,587
Change Healthcare
It Services
$1,049,230
Childrens Hospital & Clinics
Medical Services
$1,533,851
3keylogic Llc
It Services
$1,052,192
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,793,215
Government grants $9,060,775
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,853,990
Total Program Service Revenue$251,485,222
Investment income $1,340,361
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,376,982
Net Gain/Loss on Asset Sales $1,803,048
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,571,466
Miscellaneous Revenue$0
Total Revenue $297,208,594

Grants Awarded

Over the last fiscal year, Ridgeview Medical Center has awarded $2,939,913 in support to 2 organizations.

Grant RecipientAmount

SIBLEY MEDICAL CENTER

Org PageRecipient Profile

Arlington, MN

PURPOSE: GENERAL OPERATING SUPPORT

$2,533,832

RIDGEVIEW FOUNDATION

Org PageRecipient Profile

Waconia, MN

PURPOSE: GENERAL OPERATING SUPPORT

$406,081
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Ridgeview Medical Center has recieved totaling $1,688,594.

Awarding OrganizationAmount
Ridgeview Foundation

Waconia, MN

PURPOSE: FUNDRAISING SUPPORT OF RIDGEVIEW MEDICAL CENTER

$1,688,581
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$13
View Grant Recipient Profile

Peer Organizations

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