Olmsted Medical Center
85% goes to programs $21 to raise $100 Strong reserves Growing revenue
Olmsted Medical Center is a 501(c)(3) organization based in Rochester, Minnesota, registered in 1993, with $278,954,376 in FY2023 revenue. CharityIndex grades it C, and it directs about 85% of spending to programs.
1650 4th St Se, Rochester, MN, 55904 EIN 41-0855367 Since 1993
Revenue (FY2023)
$279.0M
▲ 7.8% vs prior year
Health median: $840K
Expenses (FY2023)
$273.5M
Net assets
$240.8M
Employees
1,618
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating85% to programs · $21 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 Olmsted Medical Center: 85% to programs · $21 to raise $100 earns a F on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +2% 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 Olmsted Medical Center: 11 mo reserves · +2% 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 Olmsted Medical Center: 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 Olmsted Medical Center: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Partnering for better health and better lives.
What they do
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 2023, our community contributions made up 29.93% of our annual operating expense - more than $79,786,000 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 its partnership with mayo clinic, olmsted county public health, and several other community-service organizations as together we implemented (continued on schedule o)the year-three action plan based on our collaborative community health needs assessment (chna). over the past year, we continued to make it easier for community members to donate their time and talent to omc. in addition to adding an online volunteer application form to our website, we expanded our volunteers in patient care opportunities like canine companions and escort/greeter roles to help patients navigate our expanding hospital campus.
Contact & location
- Address
- 1650 4th St Se, Rochester, MN, 55904
- City
- Rochester
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $189.3M (FY2013) to $279.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $55.0MNet assets $240.8M
Operating margin
2.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$295.8M
Total liabilities
$55.0M
Net assets
$240.8M
Salaries & benefits
$163.8M
60% of expenses
Board members
11
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $278,954,376▲7.8% | $273,475,611▲7.3% | $240,823,038▲3.6% | $295,849,044▲6.7% | 990 |
| 2022 | $258,723,356▼0.3% | $254,800,158▲4.4% | $232,371,095▼0.4% | $277,318,598▼0.6% | 990 |
| 2021 | $259,538,018▲13.1% | $243,985,725▲6.8% | $233,270,335▲8.0% | $279,074,617▲8.1% | 990 |
| 2020 | $229,537,426▲0.6% | $228,525,137▲4.6% | $216,008,453▲0.9% | $258,138,941▼7.4% | 990 |
| 2019 | $228,108,243▲4.9% | $218,505,274▲6.0% | $214,100,199▲3.7% | $278,629,440▼0.1% | 990 |
| 2018 | $217,422,315▲5.5% | $206,158,164▲5.7% | $206,474,116▲4.1% | $278,992,681▲2.8% | 990 |
| 2017 | $206,004,134▲0.4% | $195,083,098▲6.2% | $198,367,607▲7.8% | $271,485,618▲4.7% | 990 |
| 2016 | $205,268,895▲5.6% | $183,779,529▲2.5% | $184,022,625▲13.7% | $259,275,114▲9.2% | 990 |
| 2015 | $194,351,331▲3.4% | $179,278,744▲2.0% | $161,872,110▲9.5% | $237,418,845▲4.6% | 990 |
| 2014 | $187,949,544▼0.7% | $175,739,008▲0.5% | $147,775,719▲9.4% | $226,978,369▲3.8% | 990 |
| 2013 | $189,275,598 | $174,869,874▲10.9% | $135,065,594▲12.0% | $218,598,004▲19.7% | 990 |
| 2012 | — | $157,638,009▲9.6% | $120,636,663▲15.7% | $182,634,017▲12.0% | 990 |
| 2011 | — | $143,815,566▲5.5% | $104,275,863▲21.5% | $163,081,129▲11.9% | 990 |
| 2010 | — | $136,335,740 | $85,855,951 | $145,694,422 | 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 (FY2023)
Highest-paid: Matthew Kirsch Md — $1,140,560 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Kirsch Md | Physician | 36 | $1,140,560 |
| Vidhan Chandra Md | Physician | 36 | $1,065,088 |
| Mark Herr Md | Physician | 40 | $1,051,783 |
| Samer Abdel-aziz Md | Physician | 40 | $1,030,524 |
| Srdan Babovic Md | Physician | 40 | $951,501 |
| Tim Weir Fache | Chief Executive Officer | 40 | $945,667 |
| James Hoffmann Do | President | 32 | $645,762 |
| Kevin Higgins | Chief Financial Officer | 40 | $578,825 |
| Tamara Alexandrov Md | Clinic Trustee | 37.2 | $493,641 |
| Keith Kleis Md | Clinic Trustee | 40 | $403,115 |
| Maral Kendarian Md | Clinic Trustee | 34 | $391,807 |
| Mark Wilbur Md Chief | Medical Officer (starting July 2023) | 40 | $385,476 |
| Randy Hemann Md Chief | Medical Officer (through June 2023) | 40 | $376,634 |
| Carole Nistler Md | Public Trustee | 1 | — |
| Cassie Harrington | Public Trustee | 1 | — |
| Corenia Walz | Public Trustee | 1 | — |
| Don Supalla | Public Trustee | 1 | — |
| Michael Tuohy | Public Trustee-chair Elect | 1 | — |
| Mike Malugani | Public Trustee-chair | 1 | — |
| Wendy Shannon | Public Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Construction Collaborative | Building Construction Services | $5,000,925 |
| Epic Hosting LLC | Computer Software Services | $1,783,119 |
| Epic Systems Corporation | Computer Software Services | $1,676,134 |
| Mayo Collaborative Services LLC | Lab Services | $1,499,924 |
| Hayes Locum LLC | Physician Staffing Company | $1,474,027 |
Grants received · $759K total
14 grants to Olmsted Medical Center totaling $759K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ucare Minnesota | Public health emergency unwinding efforts. we have identified activities we could implement within our organization to help the transition from the public health emergency for this patient population. | 2022 | $50,000 |
| Ucare Minnesota | Support to assist in better serving patients of minority race and ethnicities who have chronic conditions. | 2020 | $300,000 |
| Mayo Clinic | Support charitable programs | 2020 | $19,998 |
| Mayo Clinic | Support charitable programs | 2019 | $20,000 |
| Ucare Minnesota | Improving the treatment of opioid use disorders in rural and underserved areas | 2018 | $50,000 |
| Mayo Clinic | Support charitable programs | 2018 | $20,000 |
| College of St Scholastica Inc | See part iv | 2018 | $6,983 |
| Mayo Clinic | Support charitable programs | 2017 | $19,996 |
| Mayo Clinic | Support charitable programs | 2016 | $29,700 |
| College of St Scholastica Inc | See part iv | 2015 | $18,962 |
| Mayo Clinic | Support research program | 2015 | $15,419 |
| Ucare Minnesota | Improving access to primary care service through virtual technology | 2014 | $125,000 |
| Cornell University | Research | 2014 | $64,443 |
| College of St Scholastica Inc | See part iv | 2014 | $18,259 |
Grants made · $258K in FY2023
1 grant totaling $258K in FY2023. All grants made by Olmsted Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Omc Regional Foundation | Provide funding to omc regional foundation for healthcare education and community purposes. | $258,481 |
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Frequently asked questions
- Is Olmsted Medical Center a legitimate nonprofit?
- Yes. Olmsted Medical Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-0855367, based in Rochester, Minnesota. Donations are tax-deductible.
- What is Olmsted Medical Center's EIN?
- Olmsted Medical Center's Employer Identification Number (EIN) is 41-0855367.
- How much revenue does Olmsted Medical Center report?
- Olmsted Medical Center reported $278,954,376 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Olmsted Medical Center's spending goes to programs?
- Olmsted Medical Center spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Olmsted Medical Center have?
- CharityIndex grades Olmsted Medical Center C, based on program efficiency and fundraising cost.
- How much does Olmsted Medical Center's highest-paid employee make?
- The highest reported compensation on Olmsted Medical Center's latest Form 990 is $1,140,560, paid to Matthew Kirsch Md (Physician).
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Data for Olmsted Medical Center (EIN 41-0855367) 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.