Minnesota Valley Health Center Inc
- Assets
- $20.3m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 165
- Location
- Le Sueur, MN
- Founding
- 04/1963
- Data as of
- 12/2021
- EIN
- 41-0837659
Organization Overview
Minnesota Valley Health Center Inc, operating under the name Ridgeview Le Sueur Medical Center, is located in Le Sueur, MN. The organization was established in 1963. 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 Le Sueur Medical Center employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgeview Le Sueur 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 Le Sueur Medical Center generated $15.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $13.2m during the year ending 12/2021. While expenses have increased by 1.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMMUNITY-BASED HEALTH CARE IN AN ENVIRONMENT THAT FOSTERS DIGNITY, RESPECT & EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIDGEVIEW LE SUEUR MEDICAL CENTER IS CREATED & ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. RIDGEVIEW LE SUEUR MEDICAL CENTER IS CREATED AND ORGANIZED TO OWN, MAINTAIN, OPERATE AND CONDUCT, DIRECTLY OR INDIRECTLY, AND TO ASSIST AND COORDINATE ACTIVITIES OF FACILITIES FOR HEALTH CARE, EDUCATION, CARE FOR THE AGED AND SOCIAL SERVICES. RIDGEVIEW LE SUEUR MEDICAL CENTER INCLUDES A HOSPITAL, OUTPATIENT SPECIALTY CLINICS, COMPLETE LAB AND RADIOLOGY DEPARTMENTS, A COMPREHENSIVE PHYSICAL OCCUPATIONAL AND SPEECH THERAPY DEPARTMENT, EXTENDED CARE NURSING FACILITIES, AND INDEPENDENT LIVING SENIOR HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Nielsen COO & Board Director | OfficerTrustee | 0.5 | $0 |
Irene Manke Board President | OfficerTrustee | 10 | $0 |
Steve Smith Board Vice President | OfficerTrustee | 2 | $0 |
Robert Broeder Board Secretary/treasurer | OfficerTrustee | 5 | $0 |
Michael Phelps CEO | Officer | 0.5 | $0 |
Gordon Gablenz Cio | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Premier Staffing Inc Ed Physician Services | 12/30/21 | $665,669 |
Aegis Therapies Inc Therapy Services | 12/30/21 | $538,689 |
Empac Ed Physician Services | 12/30/21 | $515,206 |
Essentia Health I.t. Support | 12/30/21 | $198,707 |
Schwickerts Tecta America Llc Construction | 12/30/21 | $228,692 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $47,789 |
| Government grants | $2,011,863 |
| 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 | $2,059,652 |
| Total Program Service Revenue | $13,235,751 |
| Investment income | $14,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $305,832 |
| Net Gain/Loss on Asset Sales | $52,160 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,775,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,714,008 |
| Pension plan accruals and contributions | $162,191 |
| Other employee benefits | $557,740 |
| Payroll taxes | $415,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,370 |
| Fees for services: Accounting | $85,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,841,854 |
| Advertising and promotion | $21,175 |
| Office expenses | $22,661 |
| Information technology | $20,272 |
| Royalties | $0 |
| Occupancy | $530,460 |
| Travel | $5,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,296 |
| Interest | $97,723 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $890,248 |
| Insurance | $44,692 |
| All other expenses | $205,657 |
| Total functional expenses | $13,201,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,511 |
| Savings and temporary cash investments | $7,681,376 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,646,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $175,317 |
| Prepaid expenses and deferred charges | $142,783 |
| Net Land, buildings, and equipment | $7,429,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $982,992 |
| Total assets | $20,327,367 |
| Accounts payable and accrued expenses | $829,236 |
| Grants payable | $0 |
| Deferred revenue | $627,920 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,381 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,789,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,793,248 |
| Total liabilities | $10,056,374 |
| Net assets without donor restrictions | $9,288,001 |
| Net assets with donor restrictions | $982,992 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,327,367 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Valley Health Center Inc has recieved totaling $47,943.
| Awarding Organization | Amount |
|---|---|
Ridgeview Foundation Waconia, MN PURPOSE: FUNDRAISING SUPPORT OF MINNESOTA VALLEY HEALTH CENTER | $47,943 |
Endowment Analysis
| Beg. Balance | $955,773 |
| Earnings | $27,219 |
| Ending Balance | $982,992 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shenandoah Medical Center Shenandoah, IA | $66,279,280 | $53,754,700 |
St Josephs Area Health Services Park Rapids, MN | $107,908,671 | $54,027,271 |
Centracare Health System Of Melrose Melrose, MN | $87,022,550 | $45,743,382 |
Mille Lacs Health System Onamia, MN | $55,817,777 | $49,720,336 |
Stoughton Hospital Association Stoughton, WI | $89,267,867 | $58,913,821 |
The Howard Young Medical Center Inc Wausau, WI | $105,216,633 | $31,671,206 |
Stevens Community Medical Center Inc Morris, MN | $69,174,057 | $52,502,343 |
Waupun Memorial Hospital Waupun, WI | $81,200,383 | $57,190,057 |
Thedacare Medical Center-Waupaca Inc Appleton, WI | $126,150,544 | $53,171,867 |
Mckenzie County Healthcare Systems Inc Watford City, ND | $109,663,436 | $42,844,188 |
Huron Regional Medical Center Inc Huron, SD | $106,593,716 | $43,997,779 |
Ladd Memorial Hospital Osceola, WI | $46,005,640 | $41,699,342 |