Overview
What is Olmsted Medical Center?
Olmsted Medical Center is a 501(c)(3) non-profit organization located in Rochester, Minnesota, dedicated to providing exceptional patient care with a personalized touch. Their mission emphasizes caring, quality, safety, and service. With over 25 specialized services, they aim to be an integral part of southeastern Minnesota's health and wellness community. Olmsted Medical Center's vision is to partner for better health and better lives.
Official website here: www.olmmed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Olmsted Medical Center has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The overall score is based entirely on a single beacon for Accountability & Finance, indicating a focus on responsible management of resources and compliance with best practices.
The organization demonstrates exceptional governance practices, with a significant majority of independent board members and comprehensive financial oversight. Their policies, including conflict of interest and whistleblower protections, are well-documented, further enhancing trust among stakeholders. Financial ratios also show strong performance, with a low liabilities-to-assets ratio and a high percentage of expenses directed toward programs.
While the rating highlights numerous strengths, it does not delve into the qualitative aspects of the services provided or the overall impact on community health. Future evaluations may benefit from including client feedback or program outcomes to provide a more holistic view of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Olmsted Medical Center legitimate?
Olmsted Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olmsted 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: $2,300,255
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,319,132
For more financial information, click here
Official website here: www.olmmed.org
What is the mission statement of Olmsted Medical Center?
Olmsted Medical Center is a non-profit organization committed to providing top-notch patient care with a strong emphasis on compassion, quality, safety, and service. The center, based in Minnesota, offers over 25 specialized services and strives to make a positive impact on the local community's health and wellbeing. Through its personalized approach to care, Olmsted Medical Center aims to contribute significantly to the overall health and well-being of its patients and the community at large. The organization's dedication extends beyond individual care, as it actively engages in various health and wellness initiatives to promote better living for all.
Official website here: www.olmmed.org
Who is the CEO of Olmsted Medical Center?
James Hoffmann is the Principal Officer of Olmsted Medical Center. The CEO's salary of Olmsted Medical Center is $860,633 and their total compensation is $905,792.
Official website here: www.olmmed.org
What is the revenue of Olmsted Medical Center?
Olmsted Medical Center's revenue in 2022 was $258,723,356.
Official website here: www.olmmed.org
Who are the executives of Olmsted Medical Center and what are their salaries?
The average compensation at Olmsted Medical Center during 2022 was $75,887. There are 1629 employees and 22 volunteers at Olmsted Medical Center.
Here are 20 key members and their salaries (Olmsted Medical Center's CEO's salary is $860,633 and their total compensation is $905,792):
- Compensation: $585,303
- Related: $0
- Other: $46,011
- Compensation: $466,060
- Related: $0
- Other: $29,954
- Compensation: $354,654
- Related: $0
- Other: $55,249
- Compensation: $359,509
- Related: $0
- Other: $29,888
- Compensation: $124,534
- Related: $0
- Other: $33,636
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $860,633
- Related: $0
- Other: $45,159
- Compensation: $525,381
- Related: $0
- Other: $61,127
- Compensation: $520,972
- Related: $0
- Other: $45,871
- Compensation: $1,156,543
- Related: $0
- Other: $55,431
- Compensation: $1,053,290
- Related: $0
- Other: $30,485
- Compensation: $1,017,576
- Related: $0
- Other: $55,604
- Compensation: $1,037,392
- Related: $0
- Other: $30,826
- Compensation: $886,406
- Related: $0
- Other: $55,612
Official website here: www.olmmed.org
Where can I find the form 990 for Olmsted Medical Center?
Olmsted Medical Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.olmmed.org
Learn more at the official website: www.olmmed.org
Mission Statement of Olmsted Medical Center
Olmsted Medical Center, a renowned 501(c)(3) non-profit organization, is committed to providing exceptional patient care with a strong emphasis on caring, quality, safety, and service. Located in Minnesota, this esteemed institution is dedicated to making a positive difference in people's lives through its wide range of more than 25 specialties. Olmsted Medical Center takes a personalized approach to care, ensuring that each patient receives the attention and compassion they deserve.
Beyond delivering top-notch healthcare, Olmsted Medical Center is an active contributor to the health and wellness efforts in southeastern Minnesota. By partnering with various communities, it strives to create a ripple effect, positively impacting the lives of many. The organization's commitment to caring, quality, safety, and service is reflected in its mission to deliver exceptional patient care and champion the overall well-being of the people it serves.
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Impact
October, 2024
Olmsted Medical Center significantly impacts the health and well-being of the Rochester, MN community and surrounding southeastern Minnesota. By providing exceptional patient care across more than 25 medical specialties, OMC emphasizes a personalized approach, ensuring that each patient receives the attention and care they need. The center prioritizes quality, safety, and service, fostering a healing environment that supports not just physical health, but also the overall wellness of the community.
Through its commitment to partnering for better health, Olmsted Medical Center plays an active role in local health initiatives, contributing to the advancement of medical care and wellness programs. This not only enhances individual health outcomes but also strengthens the health infrastructure of the region, making it a vital resource for residents seeking comprehensive care and support. The center’s focus on collaboration within the community reflects its dedication to improving lives, thereby making a lasting difference in the lives of many.
This information is meant to be a general summary of Olmsted 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: $2,323,986
- Program Service Revenue: $255,962,007
- Gross Receipts: $263,714,793
Assets and Liabilities:
- Total Assets: $277,318,598
- Total Liabilities: $44,947,503
- Net Assets: $232,371,095
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICES
Revenue
$250,281,128
PHARMACY
Revenue
$5,680,879
Organization Details
Founding Year
1949
Phone
(507) 288-3443Principal Officer
James Hoffmann
Main Address
210 NINTH STREET SE, ROCHESTER, MN, 55904
Website
www.olmmed.orgNTEE Category
Code: E220 - Health
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