Ridgeview Medical Center is a 501(c)(3) organization based in Waconia, Minnesota, registered in 1999, with $407,074,551 in FY2024 revenue. CharityIndex grades it A, and it directs about 74% of spending to programs.
Revenue (FY2024)
$407.1M
▲ 22.1% vs prior year
Health median: $840K
Expenses (FY2024)
$403.3M
Net assets
$162.9M
Employees
2,732
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 Ridgeview Medical Center: 74% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
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 Ridgeview Medical Center: 5 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
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 Ridgeview Medical Center: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Ridgeview Medical Center: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Revenue grew from $207.9M (FY2013) to $407.1M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
0.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$402.1M
Total liabilities
$239.2M
Net assets
$162.9M
Salaries & benefits
$214.3M
53% of expenses
Board members
10
10 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $407,074,551▲22.1% | $403,331,858▲19.1% | $162,939,512▲3.1% | $402,094,568▼1.8% | 990 |
| 2023 | $333,321,300▲7.0% | $338,727,972▲8.2% | $158,055,919▲2.2% | $409,522,555▲13.8% | 990 |
| 2022 | $311,550,347▲4.8% | $313,148,663▲5.0% | $154,595,758▼10.0% | $359,852,774▲6.0% | 990 |
| 2021 | $297,208,594▲11.0% | $298,147,240▲8.3% | $171,851,940▲6.2% | $339,368,547▲9.6% | 990 |
| 2020 | $267,805,999▼4.0% | $275,177,395▼0.9% | $161,816,709▼4.9% | $309,577,235▲3.6% | 990 |
| 2019 | $278,989,509▲4.4% | $277,571,023▲3.7% | $170,171,283▲4.7% | $298,754,086▲2.0% | 990 |
| 2018 | $267,167,449▲6.3% | $267,719,938▲7.9% | $162,503,970▼4.5% | $292,832,052▲10.6% | 990 |
| 2017 | $251,258,290▲4.6% | $248,208,006▲5.0% | $170,153,277▲8.8% | $264,740,280▲4.6% | 990 |
| 2016 | $240,186,424▲7.1% | $236,344,967▲7.0% | $156,402,510▲4.2% | $253,177,659▲4.4% | 990 |
| 2015 | $224,294,602▲1.4% | $220,838,926▲5.1% | $150,135,528▲0.4% | $242,457,102▼0.2% | 990 |
| 2014 | $221,234,434▲6.4% | $210,114,772▲10.8% | $149,574,829▲9.3% | $242,956,235▲4.3% | 990 |
| 2013 | $207,939,063 | $189,692,917▲10.3% | $136,789,475▲24.6% | $232,830,682▲24.8% | 990 |
| 2012 | — | $171,948,713▲4.1% | $109,802,074▲1.4% | $186,542,662▲1.6% | 990 |
| 2011 | — | $165,161,438▲14.6% | $108,306,215▼2.1% | $183,569,933▼0.6% | 990 |
| 2010 | — | $144,154,058 | $110,627,065 | $184,644,948 | 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.
Highest-paid: Michael Phelps — $1,131,592 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Phelps | President/ceo | 41 | $1,131,592 |
| Aaron Bloomquist | Cfo | 30.5 | $823,518 |
| Stacey Lee | Vice President | 50 | $446,993 |
| Benjamin Nielsen | Coo | 44 | $359,651 |
| Lisa Schwartz | Chro | 50 | $333,874 |
| Elaine Arion | Vice President & Cno | 50 | $327,910 |
| Christopher Steffen | Executive Director | 50 | $326,334 |
| Gregory Erickson | Crna | 50 | $301,298 |
| Andrew Kester | Cio | 50 | $296,015 |
| Terry Larimer | Advanced Practice Provider | 50 | $293,265 |
| Tyler Johnson | Advanced Practice Provider | 50 | $293,050 |
| Dr Matt Herold | Vp of Medical Affairs | 50 | $290,196 |
| Sarah Urtel | Vp of System Support | 50 | $288,533 |
| Paul Ham | Vp of Support Services | 50 | $281,413 |
| Jennifer Charbonnet | Crna | 50 | $279,872 |
| Gordon Gablenz | Cio (left Jan 2024) | 30.5 | $86,018 |
| Theresa Dalen | Board Chair | 2 | $6,000 |
| Brian Mark | Board Vice Chair | 2 | $5,000 |
| Dave Kirsch | Secretary | 2 | $5,000 |
| Heather Reighard | Board Member | 2 | $5,000 |
| Contractor | Services | Paid |
|---|---|---|
| Empac | Emergency Department Physician Services | $11,212,084 |
| 3keylogic LLC | It Services | $2,626,423 |
| Childrens Hospital & Clinics | Medical Services | $2,582,076 |
| Aya Healthcare | Nursing Services | $2,465,369 |
| Mayo Collaborative Services Inc | Medical Services | $1,759,907 |
14 grants to Ridgeview Medical Center totaling $438K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hennepin Healthcare System Inc | Emergency preparedness | 2024 | $11,918 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2023 | $52,774 |
| Hennepin Healthcare System Inc | Family health | 2022 | $8,559 |
| Hennepin Healthcare System Inc | Family health | 2022 | $8,559 |
| Hennepin Healthcare System Inc | Family health | 2021 | $15,282 |
| College of St Scholastica Inc | See part iv | 2021 | $6,437 |
| Ucare Minnesota | Annual wellness visits, cancer screenings, and chronic disease management. | 2020 | $250,000 |
| Hennepin Healthcare System Inc | Family health | 2020 | $8,423 |
| Hennepin Healthcare System Inc | Family health | 2019 | $21,723 |
| Hennepin Healthcare System Inc | Family health | 2018 | $5,067 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2017 | $6,877 |
| Hennepin Healthcare System Inc | Emergency prep | 2016 | $16,180 |
| Hennepin Healthcare System Inc | Emergency prep | 2015 | $12,110 |
| Hennepin Healthcare System Inc | Emergency prep | 2014 | $14,582 |
1 grant totaling $41K in FY2024. All grants made by Ridgeview Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Ridgeview Foundation | Capital contributions | $41,101 |
Explore more
Data for Ridgeview Medical Center (EIN 31-1667875) 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.