Overview
What is Ridgeview Medical Center?
Ridgeview Medical Center is a prominent healthcare provider located in Waconia, Minnesota, employing over 2,400 individuals. The nonprofit institution enhances the lifelong health of its community by offering a range of services, including hospital care, free-standing emergency and urgent care, and eight multispecialty clinic locations. In 2022, Ridgeview Medical Center provided $1,414,493 in charity care and uncompensated services, spent $8,945,634 on community initiatives, and served over 310,000 people. The hospital treated 7,730 inpatients, 46,121 emergency visits, 50,618 home health visits, 6,135 surgeries, 1,418 births, 17,352 ambulance runs, and 408,695 outpatient visits. Its mission is deeply rooted in nurturing the whole person - mind, body, and spirit.
Official website here: www.ridgeviewmedical.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 91% (Four-Star out of Four Star rating)
Ridgeview Medical Center has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. The organization's overall score is derived solely from its accountability and finance criteria, where it received a perfect score in several areas, including the independence of its board members and the presence of essential policies such as conflict of interest and whistleblower policies.
The organization demonstrates effective governance, with a fully independent board and robust oversight mechanisms in place. Its financial strategies are also noteworthy, as evidenced by a solid program expense ratio of 77.23%, indicating that a significant portion of resources is dedicated to its programs rather than administrative costs. This suggests a commitment to utilizing funds effectively for its mission.
However, there are some limitations indicated in the liability to assets ratio, which stands at 57.03%. While this is not alarming, it does suggest that there may be a moderate level of financial leverage that could be monitored for long-term sustainability. Overall, Ridgeview Medical Center presents a strong profile in terms of accountability and financial management, though ongoing attention to its financial ratios will be beneficial.
This AI summary has been generated from information found on Charity Navigator.
Is Ridgeview Medical Center legitimate?
Ridgeview Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgeview Medical Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,701,894
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,184,724
For more financial information, click here
Official website here: www.ridgeviewmedical.org
What is the mission statement of Ridgeview Medical Center?
Ridgeview Medical Center is dedicated to enhancing the lifelong health of the people it serves, fostering a culture that nurtures their whole being: mind, body, and spirit. The mission of this healthcare provider goes beyond delivering quality healthcare services; it aims to improve the overall wellbeing of the community it reaches. In the year 2022, Ridgeview Medical Center provided charity care and other uncompensated services amounting to $10,364,061, demonstrating its commitment to serving those in need. The hospital's unpaid costs for services provided to Medicaid and Medicare patients in the same year were $48,294,553. With a vast reach, Ridgeview Medical Center served over 310,000 people through its hospital, emergency and urgent care facility, and eight multispecialty clinic locations, providing care to 7,730 inpatients, 46,121 emergency care visits, and 408,695 outpatient visits, among other services.
Official website here: www.ridgeviewmedical.org
Who is the CEO of Ridgeview Medical Center?
Michael Phelps is the President/Ceo of Ridgeview Medical Center. The CEO's salary of Ridgeview Medical Center is $1,274,183 and their total compensation is $1,338,223.
Official website here: www.ridgeviewmedical.org
What is the revenue of Ridgeview Medical Center?
Ridgeview Medical Center's revenue in 2022 was $311,550,347.
Official website here: www.ridgeviewmedical.org
Who are the executives of Ridgeview Medical Center and what are their salaries?
The average compensation at Ridgeview Medical Center during 2022 was $61,911. There are 2421 employees and 113 volunteers at Ridgeview Medical Center.
Here are 27 key members and their salaries (Ridgeview Medical Center's CEO's salary is $1,274,183 and their total compensation is $1,338,223):
- Compensation: $1,274,183
- Related: $0
- Other: $64,040
- Compensation: $794,145
- Related: $0
- Other: $89,439
- Compensation: $490,798
- Related: $0
- Other: $61,669
- Compensation: $363,774
- Related: $0
- Other: $18,024
- Compensation: $329,692
- Related: $0
- Other: $36,840
- Compensation: $293,359
- Related: $0
- Other: $60,985
- Compensation: $281,916
- Related: $0
- Other: $58,350
- Compensation: $290,605
- Related: $0
- Other: $46,706
- Compensation: $265,282
- Related: $0
- Other: $63,374
- Compensation: $257,052
- Related: $0
- Other: $63,349
- Compensation: $250,851
- Related: $0
- Other: $61,069
- Compensation: $246,656
- Related: $0
- Other: $62,242
- Compensation: $241,279
- Related: $0
- Other: $53,969
- Compensation: $258,094
- Related: $0
- Other: $34,849
- Compensation: $180,976
- Related: $0
- Other: $18,989
- Compensation: $139,678
- Related: $0
- Other: $36,447
- Compensation: $5,000
- Related: $1,200
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
Official website here: www.ridgeviewmedical.org
Where can I find the form 990 for Ridgeview Medical Center?
Ridgeview Medical Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ridgeviewmedical.org
Learn more at the official website: www.ridgeviewmedical.org
Mission Statement of Ridgeview Medical Center
Ridgeview Medical Center, a dedicated healthcare institution, is committed to fostering the lifelong health of the people it serves. With a focus on the whole person - mind, body, and spirit - the center strives to provide exceptional healthcare services that cater to the community. In 2022, Ridgeview Medical Center demonstrated its commitment by offering charity care and uncompensated services worth $10,361,557 and spending $8,945,634 on community services, including taxes and fees. The center served a substantial population of over 310,000 individuals, attending to their needs through one hospital, one free-standing emergency and urgent care facility, and eight multispecialty clinic locations.
Ridgeview Medical Center's healthcare services extended to a considerable number of patients, with 7,730 inpatient stays, 46,121 emergency care visits, 50,618 home health visits, 6,135 surgeries, 1,418 births, 17,352 ambulance runs, and 408,695 outpatient visits. The financial burden of catering to Medicare and Medicaid patients amounted to $12,015,031 and $36,279,522 in unpaid costs. Despite these challenges, Ridgeview Medical Center continued to prioritize the well-being of its patients and the community, offering essential services and support to those in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Ridgeview Medical Center significantly enhances the health and well-being of the communities it serves, focusing on a holistic approach that nurtures the mind, body, and spirit. Located in Waconia, Minnesota, this healthcare facility provides essential services to over 310,000 residents, employing a diverse range of offerings that include a hospital, emergency care, urgent care facilities, and multispecialty clinics.
In 2022, Ridgeview demonstrated its commitment to community health by providing $1,414,493 in charity care and incurring over $8.9 million in other uncompensated community services, further underscoring their role in improving access to healthcare. The center also faced significant unpaid costs from providing care to Medicaid and Medicare patients, totaling over $48 million.
The impact of Ridgeview Medical Center is evident in the numbers: the facility catered to 7,730 inpatients, hosted 46,121 emergency care visits, and conducted 6,135 surgeries. Additionally, it supported 1,418 births and managed 408,695 outpatient visits, alongside 17,352 ambulance runs. These services reflect Ridgeview's dedication to fostering health across a wide spectrum of care, ensuring that community members receive the support they need for thriving, healthy lives.
This information is meant to be a general summary of Ridgeview Medical Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,288,748
- Program Service Revenue: $281,992,636
- Gross Receipts: $316,934,547
Assets and Liabilities:
- Total Assets: $359,852,774
- Total Liabilities: $205,257,016
- Net Assets: $154,595,758
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$281,992,636
Organization Details
Founding Year
1999
Phone
(952) 442-2191Principal Officer
Michael Phelps
Main Address
500 SOUTH MAPLE STREET, WACONIA, MN, 553871791
Website
www.ridgeviewmedical.orgNTEE Category
Code: E220 - Health
If you are a representative of Ridgeview Medical Center and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.