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 12/2023, Ridgeview Medical Center employed 2,649 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 12/2023, Ridgeview Medical Center generated $333.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $338.7m during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 8 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 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

RIDGEVIEW MEDICAL CENTER EXISTS TO ENHANCE THE LIFELONG HEALTH OF THE PEOPLE WE SERVE WITH A CULTURE THAT NURTURES THE WHOLE PERSONMIND, BODY AND SPIRIT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RIDGEVIEW MEDICAL CENTER ENHANCED AND PROVIDED QUALITY HEALTHCARE SERVICES FOR THE COMMUNITY OF WACONIA AND SURRONDING AREAS. THE HOSPITAL PROVIDED CHARITY CARE AND OTHER UNCOMPENSATED CARE IN THE AMOUNT OF $813,727 DURING 2023. THE UNPAID COST FOR SERVICES PROVIDED TO MEDICAID AND MEDICARE PATIENTS WAS $13,027,604 AND $44,510,459. IN 2023, THE HOSPITAL SPENT $9,183,299 ON UNCOMPENSATED COMMUNITY SERVICES INCLUDING TAXES AND FEES. THE HOSPITAL SERVED 8,122 INPATIENTS, 47,625 EMERGENCY CARE VISITS, 50,573 HOME HEALTH VISITS, 6,764 SURGERIES, 1,486 BIRTHS, 17,753 AMBULANCE RUNS, 193,369 PRIMARY AND SPECIALTY CLINIC VISITS. IT INCLUDES TWO ACCUTE CARE HOSPITALS, TWO EMERGENCY LOCATIONS, AND EIGHT MULTI-SPECIALTY CLINIC LOCATIONS THAT INCLUDES THREE URGENT CARES.


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Board, Officers & Key Employees

Name (title)Compensation
Theresa Dalen
Board Chair
$4,500
Brian Mark
Board Vice Chair
$3,750
Van Colson
Treasurer
$3,750
Julie Osterberg
Secretary
$3,750
Jeff Nelson
Board Member
$3,750
Stuart Groninga
Board Member
$3,750

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Empac
Emergency Department Physician Services
$11,055,844
Aya Healthcare
Nursing Services
$4,912,941
3keylogic Llc
It Services
$2,400,819
Childrens Hospital & Clinics
Medical Services
$2,109,193
Mayo Collaborative Services Inc
Medical Services
$1,128,023
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,307,729
Government grants $2,229,754
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$4,537,483
Total Program Service Revenue$302,871,244
Investment income $2,186,582
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,133,556
Net Gain/Loss on Asset Sales $1,278,633
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,898,653
Miscellaneous Revenue$0
Total Revenue $333,321,300

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

PURPOSE: GENERAL OPERATING SUPPORT

$2,533,832

RIDGEVIEW FOUNDATION

PURPOSE: GENERAL OPERATING SUPPORT

$406,081
View Grant Profile

Peer Organizations

Organization NameAssets
St Cloud Hospital
St Cloud, MN
$1,141,045,824
Catholic Health Initiatives-Iowa Corp
Des Moines, IA
$899,251,353
Regions Hospital
Minneapolis, MN
$941,330,911
Monument Health Rapid City Hospital Inc
Rapid City, SD
$951,840,989
North Memorial Health Care
Robbinsdale, MN
$782,427,407
Bellin Memorial Hospital Inc
Green Bay, WI
$746,094,277
Altru Health System
Grand Forks, ND
$672,595,518
St Vincent Hospital-Hospital Sisters-Third Order Of St Francis
Green Bay, WI
$660,136,111
Aspirus Wausau Hospital Inc
Wausau, WI
$702,469,178
Mercy Health System Corporation
Janesville, WI
$657,550,084
Smdc Medical Center
Duluth, MN
$663,367,068
St Lukes Hospital Of Duluth
Duluth, MN
$556,751,150
Prohealth Waukesha Memorial Hospital Inc
Waukesha, WI
$577,280,445
Meriter Hospital Inc
Madison, WI
$605,087,481
Southeast Iowa Regional Medical Center Inc
West Burlington, IA
$370,717,276
Agnesian Healthcare Inc
Fond du Lac, WI
$474,283,143
St Marys Medical Center
Duluth, MN
$520,112,686
St Lukes Methodist Hospital
Cedar Rapids, IA
$459,214,322
Mercy Medical Center
Cedar Rapids, IA
$418,379,415
Healtheast St Johns Hospital
Minneapolis, MN
$348,835,777
Thedacare Regional Medical Center- Appleton Inc
Appleton, WI
$429,132,232
Froedtert South Inc
Kenosha, WI
$384,453,377
Rogers Memorial Hospital Incorporated
Oconomowoc, WI
$354,435,970
Allen Memorial Hospital Corporation
Waterloo, IA
$328,488,106
Ridgeview Medical Center
Waconia, MN
$333,321,300

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