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Nonprofiteer
← RIDGEVIEW CLINICS

Form 990 for tax year 2023

Filed by RIDGEVIEW CLINICS.

Totals

Total revenue
$25,385,711
Total expenses
$25,385,796
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$25,385,711
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,789,743
Total liabilities, end of year
$18,371,737
Net assets or fund balances, end of year
-$10,581,994
Program services expenses (Part IX)
$24,116,424
Management and general expenses
$1,269,372
Fundraising expenses
$0
Program service expenses (Part III)
$24,116,424

Program services were 95.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROVIDER-BASED FEES

    total $25,385,711 · related or exempt $25,385,711

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $21,779,011 · program services $20,690,060 · management and general $1,088,951

  • 8 · Pension plan contributions

    total $1,582,718 · program services $1,503,582 · management and general $79,136

  • 9 · Other employee benefits

    total $806,076 · program services $765,772 · management and general $40,304

  • 10 · Payroll taxes

    total $1,124,733 · program services $1,068,496 · management and general $56,237

  • 19 · Conferences, conventions and meetings

    total $93,057 · program services $88,404 · management and general $4,653

  • 24a · Other expenses: MISC EXPENSE

    total $201 · program services $110 · management and general $91

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,257 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,003,167 · end of year $7,789,743

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,501,781 · end of year $11,565,206

  • 25 · Other liabilities

    beginning of year $11,133,552 · end of year $6,806,531

  • 27 · Net assets without donor restrictions

    beginning of year -$14,581,909 · end of year -$10,581,994

Mission and programs · 2023

Mission

TO PROVIDE HEALTHCARE SERVICES TO THE COMMUNITY SERVED BY RIDGEVIEW MEDICAL CENTER.

Activities or mission (Part I)

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.

  • RIDGEVIEW CLINICS PROVIDE HEALTHCARE SERVICES TO THE COMMUNITIES SURROUNDING RIDGEVIEW.

    Expenses $24,116,424 · Revenue $25,385,711

As filed on the 2023 return.

Listed in Part VII

  • Michael Phelps

    BOARD CHAIR

    Total calculated
    $1,206,967
    From this org
    $0
    From related orgs
    $1,117,159
    Other
    $89,808
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,113,043 related
    Bonus
    $0
    Other
    $0 + $4,116 related
    Deferred
    $0 + $30,630 related
    Nontaxable benefits
    $0 + $59,178 related
    Filer's total
    $0 + $1,206,967 related

  • Benjamin Nielson

    CEO, TREASURER & SECRETARY

    Total calculated
    $391,462
    From this org
    $0
    From related orgs
    $373,549
    Other
    $17,913
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $346,971 related
    Bonus
    $0
    Other
    $0 + $26,578 related
    Deferred
    $0 + $17,113 related
    Nontaxable benefits
    $0 + $800 related
    Filer's total
    $0 + $391,462 related

  • Aaron Bloomquist

    CFO

    Total calculated
    $688,431
    From this org
    $0
    From related orgs
    $606,487
    Other
    $81,944
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $605,045 related
    Bonus
    $0
    Other
    $0 + $1,442 related
    Deferred
    $0 + $23,957 related
    Nontaxable benefits
    $0 + $57,987 related
    Filer's total
    $0 + $688,431 related

  • Tim Meyer MD

    VICE CHAIR

    Total calculated
    $440,162
    From this org
    $0
    From related orgs
    $374,119
    Other
    $66,043
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $365,336 related
    Bonus
    $0 + $6,461 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $27,197 related
    Nontaxable benefits
    $0 + $38,846 related
    Filer's total
    $0 + $440,162 related

  • Nima Adimi

    PHYSICIAN

    Total calculated
    $1,189,278
    From this org
    $1,108,947
    From related orgs
    $0
    Other
    $80,331
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $562,142
    Bonus
    $546,265
    Other
    $540
    Deferred
    $22,024
    Nontaxable benefits
    $58,307
    Filer's total
    $1,189,278

  • Brian Gootzeit

    PHYSICIAN

    Total calculated
    $1,101,008
    From this org
    $1,018,922
    From related orgs
    $0
    Other
    $82,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $688,345
    Bonus
    $329,185
    Other
    $1,392
    Deferred
    $33,830
    Nontaxable benefits
    $48,256
    Filer's total
    $1,101,008

  • Sabina Khan

    PHYSICIAN

    Total calculated
    $998,596
    From this org
    $900,424
    From related orgs
    $0
    Other
    $98,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $686,129
    Bonus
    $214,145
    Other
    $150
    Deferred
    $31,651
    Nontaxable benefits
    $66,521
    Filer's total
    $998,596

  • Mustafa Tiewala

    PHYSICIAN

    Total calculated
    $982,106
    From this org
    $903,396
    From related orgs
    $0
    Other
    $78,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $692,054
    Bonus
    $210,382
    Other
    $960
    Deferred
    $32,564
    Nontaxable benefits
    $46,146
    Filer's total
    $982,106

  • Wade

    SWENSON

    Total calculated
    $691,376
    From this org
    $614,239
    From related orgs
    $0
    Other
    $77,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $471,788
    Bonus
    $141,815
    Other
    $636
    Deferred
    $35,672
    Nontaxable benefits
    $41,465
    Filer's total
    $691,376

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT/CEO IS COMPENSATED BY RIDGEVIEW MEDICAL CENTER, THE SOLE MEMBER. THE FOLLOWING WERE USED BY RIDGEVIEW MEDICAL CENTER TO DETERMINE THE PRESIDENT/CEO'S COMPENSATION: 1) COMPENSATION COMMITTEE (EXECUTIVE COMMITTEE) 2) INDEPENDENT COMPENSATION CONSULTANT 3) FORM 990 OF OTHER ORGANIZATIONS 4) WRITTEN EMPLOYMENT CONTRACT 5) COMPENSATION SURVEY OR STUDY 6) APROVAL BY THE BOARD OR COMPENSATION COMMITTEE (EXECUTIVE COMMITTEE)
PART I, LINE 4B
MICHAEL PHELPS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AT RIDGEVIEW MEDICAL CENTER. DURING 2023, $197,412 WAS CONTRIBUTED TO THE PLAN, $74,970 ACCRUED WITHIN THE PLAN, AND $0 WAS PAID OUT OF THE PLAN. AARON BLOOMQUIST PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AT RIDGEVIEW MEDICAL CENTER. DURING 2023, $231,049 WAS CONTRIBUTED TO THE PLAN, $10,720 ACCRUED WITHIN THE PLAN, AND $0 WAS PAID OUT OF THE PLAN. THESE DEFERRED COMPENSATION AMOUNTS ARE REPORTED ON A PRO-RATA BASIS WITHOUT REGARD TO THE INDIVIDUAL'S VESTING SCHEDULE. CURRENTLY, THE MAJORITY OF DEFERRED COMPENSATION IS NOT VESTED.
PART I, LINE 6
THE OFFICERS OF RIDGEVIEW MEDICAL CENTER AND AFFILIATES RECEIVE BONUSES CONTINGENT ON THE NET EARNINGS OF THE CONSOLIDATED ENTITY AND GOALS ACHIEVED. BONUSES WERE EARNED IN 2023 AND PAID IN 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MINNEAPOLIS HEART INSTITUTE AT RIDGEVIEW HEART CENTER LLC

    CARDIOLOGY SERVICES · MN

  • CHASKA PLAZA SURGERY CENTER

    SURGERY SERVICES · MN

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EXECUTIVE HEALTH MANAGEMENT SERVICES

    C · MANAGEMENT SERVICES · MN

  • CHARITABLE REMAINDER TRUST (1)

    CHARITABLE TRUST · MN

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433169349300443

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