Glencoe Regional Health Services
90% goes to programs $0 to raise $100 Strong reserves Growing revenue
Glencoe Regional Health Services is a 501(c)(3) organization based in Glencoe, Minnesota, registered in 2000, with $93,973,194 in FY2024 revenue. CharityIndex grades it A+, and it directs about 90% of spending to programs.
1805 Hennepin Ave N, Glencoe, MN, 55336 EIN 41-1949230 Since 2000
Revenue (FY2024)
$94.0M
▲ 16.9% vs prior year
Health median: $840K
Expenses (FY2024)
$88.0M
Net assets
$101.6M
Employees
789
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating90% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Glencoe Regional Health Services: 90% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Glencoe Regional Health Services: 14 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Glencoe Regional Health Services: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Glencoe Regional Health Services: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To improve every life by offering high-quality, safe, and accessible healthcare.
What they do
Nursing home - the long-term care unit is a 108-bed skilled nursing facility, with all beds medicare and medicaid certified.
Independent senior living - orchard estates is a 40-unit senior housing complex comprised of one- and two-bedroom apartments.
Contact & location
- Address
- 1805 Hennepin Ave N, Glencoe, MN, 55336
- City
- Glencoe
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $49.2M (FY2013) to $94.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $29.4MNet assets $101.6M
Operating margin
6.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$131.0M
Total liabilities
$29.4M
Net assets
$101.6M
Salaries & benefits
$57.8M
66% of expenses
Board members
7
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $93,973,194▲16.9% | $87,984,254▲11.6% | $101,556,971▲6.7% | $130,963,775▲3.1% | 990 |
| 2023 | $80,404,036▲8.4% | $78,835,872▲6.2% | $95,184,987▲6.8% | $126,997,568▲5.9% | 990 |
| 2022 | $74,161,133▼4.5% | $74,218,441▲9.1% | $89,157,832▼5.4% | $119,978,455▼7.4% | 990 |
| 2021 | $77,673,503▲14.1% | $68,051,592▲6.0% | $94,278,675▲12.5% | $129,617,347▲8.6% | 990 |
| 2020 | $68,097,924▲2.4% | $64,196,701▲1.9% | $83,807,507▲8.5% | $119,374,284▲5.1% | 990 |
| 2019 | $66,479,330▲3.8% | $62,981,017▲1.9% | $77,246,553▲8.9% | $113,597,620▲4.5% | 990 |
| 2018 | $64,027,495▲2.5% | $61,829,229 | $70,928,896▲0.5% | $108,725,116▼0.6% | 990 |
| 2017 | $62,461,158▼2.1% | $61,850,791▲5.4% | $70,606,013▲4.0% | $109,329,074▲12.7% | 990 |
| 2016 | $63,770,647▲10.8% | $58,661,801▲11.4% | $67,912,667▲10.1% | $96,979,616▲7.5% | 990 |
| 2015 | $57,539,900▲0.7% | $52,638,468▲6.1% | $61,698,109▲5.6% | $90,191,277▲3.6% | 990 |
| 2014 | $57,147,285▲16.1% | $49,626,329▼0.7% | $58,399,418▲10.3% | $87,081,889▲7.4% | 990 |
| 2013 | $49,212,497 | $49,984,911▲6.1% | $52,924,158▲3.8% | $81,104,350▲2.4% | 990 |
| 2012 | — | $47,117,340▲0.4% | $51,000,798▲7.8% | $79,212,619▲4.5% | 990 |
| 2011 | — | $46,920,553 | $47,318,400▲4.2% | $75,814,953▲1.8% | 990 |
| 2010 | — | $46,911,798 | $45,412,783 | $74,499,893 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Dr Matthew Copple — $880,423 (1.00% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Matthew Copple | Physician | 40 | $880,423 |
| Joslin Thiemann Aprn | Advanced Practice Prov. | 40 | $664,284 |
| Dr Ken Smith | Physician | 40 | $608,273 |
| Dr Kristen Budahn | Director & Physician | 40 | $577,530 |
| Dr Elizabeth Colsen | Physician | 40 | $520,475 |
| Dr Chad Robbins | Physician | 40 | $497,491 |
| Dr Bryan Petersen | Director & Physician | 40.5 | $454,007 |
| Dr Bryan Fritsch | Director & Physician | 40.5 | $372,529 |
| Benjamin Davis | President and Ceo | 40 | $363,365 |
| Angela Erickson | Cfo | 40 | $206,319 |
| Heather Peirce | Secretary | 0.5 | — |
| Mary Stoltenburg | Vice Chair | 0.5 | — |
| Scott Kuehn | Chair | 0.5 | — |
| Sean Tritabaugh | Director | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ma Mortenson Company | Construction Management | $5,630,029 |
| Premier Staffing Inc | Physician Services | $756,676 |
| Aya Healthcare Inc | Pool Labor | $625,364 |
| Foster Mechanical Inc | Construction Management | $590,169 |
| Allina Health Laboratory | Reference Lab | $450,113 |
Grants received · $56K total
2 grants to Glencoe Regional Health Services totaling $56K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Stroke prevention programs | 2024 | $20,000 |
| American Heart Association Inc | Emergency equipment upgrade | 2014 | $35,706 |
Grants made · $7,500 in FY2024
1 grant totaling $7,500 in FY2024. All grants made by Glencoe Regional Health Services →
| Recipient | Purpose | Amount |
|---|---|---|
| 2b Continued | General support | $7,500 |
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Frequently asked questions
- Is Glencoe Regional Health Services a legitimate nonprofit?
- Yes. Glencoe Regional Health Services is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1949230, based in Glencoe, Minnesota. Donations are tax-deductible.
- What is Glencoe Regional Health Services's EIN?
- Glencoe Regional Health Services's Employer Identification Number (EIN) is 41-1949230.
- How much revenue does Glencoe Regional Health Services report?
- Glencoe Regional Health Services reported $93,973,194 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Glencoe Regional Health Services's spending goes to programs?
- Glencoe Regional Health Services spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Glencoe Regional Health Services have?
- CharityIndex grades Glencoe Regional Health Services A+, based on program efficiency and fundraising cost.
- How much does Glencoe Regional Health Services's highest-paid employee make?
- The highest reported compensation on Glencoe Regional Health Services's latest Form 990 is $880,423, paid to Dr Matthew Copple (Physician).
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Data for Glencoe Regional Health Services (EIN 41-1949230) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.