Skip to content
Nonprofiteer
← MINNESOTA VALLEY HEALTH CENTER INC

Form 990 for tax year 2024

Filed by MINNESOTA VALLEY HEALTH CENTER INC.

Totals

Total revenue
$14,169,175
Total expenses
$12,734,671
Contributions and grants received
$114,643
Grants paid
$0
Program service revenue
$13,534,101
Investment income
$9,046
Other revenue
$511,385
Total assets, end of year
$13,344,282
Total liabilities, end of year
$683,038
Net assets or fund balances, end of year
$12,661,244
Program services expenses (Part IX)
$8,449,866
Management and general expenses
$4,284,805
Fundraising expenses
$0
Program service expenses (Part III)
$8,449,866

Program services were 66.4% 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.

  • 1d · Related organizations

    $42,031

  • 1e · Government grants (contributions)

    $72,612

  • 2a · Program service revenue: PATIENT/RESIDENT REV.

    total $13,174,097 · related or exempt $13,174,097

  • 2b · Program service revenue: APARTMENT PROJECT REV.

    total $356,707 · related or exempt $356,707

  • 2c · Program service revenue: PHARMACY

    total $3,297 · related or exempt $3,297

  • 3 · Investment income

    total $9,046 · excluded $9,046

  • 6a · Gross rents

    real property $432,867

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $432,867

  • 6d · Net rental income or loss

    total $432,867 · excluded $432,867

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $78,518 · excluded $78,518

  • 11e · Other revenue, total

    $78,518

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $7,800 · management and general $7,800

  • 7 · Other salaries and wages

    total $4,414,985 · program services $2,914,180 · management and general $1,500,805

  • 8 · Pension plan contributions

    total $148,440 · program services $96,486 · management and general $51,954

  • 9 · Other employee benefits

    total $455,551 · program services $296,108 · management and general $159,443

  • 10 · Payroll taxes

    total $299,866 · program services $194,913 · management and general $104,953

  • 11c · Fees: accounting

    total $11,500 · management and general $11,500

  • 11g · Fees: other

    total $2,971,188 · program services $1,875,418 · management and general $1,095,770

  • 12 · Advertising and promotion

    total $47,477 · program services $29,968 · management and general $17,509

  • 13 · Office expenses

    total $22,867 · program services $16,367 · management and general $6,500

  • 14 · Information technology

    total $12,579 · program services $7,940 · management and general $4,639

  • 16 · Occupancy

    total $385,304 · program services $270,409 · management and general $114,895

  • 17 · Travel

    total $8,846 · program services $5,584 · management and general $3,262

  • 19 · Conferences, conventions and meetings

    total $1,466 · program services $925 · management and general $541

  • 20 · Interest

    total $14,895 · program services $6,864 · management and general $8,031

  • 22 · Depreciation, depletion and amortization

    total $1,160,591 · program services $261,932 · management and general $898,659

  • 23 · Insurance

    total $63,707 · program services $40,876 · management and general $22,831

  • 24a · Other expenses: SUPPLIES

    total $935,600 · program services $935,600

  • 24b · Other expenses: ADMINISTRATION ALLOCATI

    total $600,000 · program services $600,000

  • 24c · Other expenses: BAD DEBT

    total $408,236 · program services $408,236

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $383,526 · program services $242,082 · management and general $141,444

  • 24e · All other expenses

    total $380,247 · program services $245,978 · management and general $134,269

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,124,370 · end of year $465,910

  • 2 · Savings and temporary cash investments

    beginning of year $761,512 · end of year $1,931,935

  • 4 · Accounts receivable

    beginning of year $1,613,852 · end of year $1,881,160

  • 8 · Inventories for sale or use

    beginning of year $232,207 · end of year $201,008

  • 9 · Prepaid expenses and deferred charges

    beginning of year $176,669 · end of year $190,595

  • 10a · Land, buildings and equipment: cost or other basis

    $22,888,378

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,446,130

  • 10c · Land, buildings and equipment, net

    beginning of year $7,796,888 · end of year $7,442,248

  • 13 · Investments: program-related

    beginning of year $119,875 · end of year $122,391

  • 15 · Other assets

    beginning of year $1,065,151 · end of year $1,109,035

  • 17 · Accounts payable and accrued expenses

    beginning of year $463,792 · end of year $496,804

  • 19 · Deferred revenue

    beginning of year $43,732 · end of year $10,265

  • 23 · Secured mortgages and notes payable

    beginning of year $120,346 · end of year $17,975

  • 25 · Other liabilities

    beginning of year $1,090,918 · end of year $157,994

  • 27 · Net assets without donor restrictions

    beginning of year $10,331,113 · end of year $11,765,617

  • 28 · Net assets with donor restrictions

    beginning of year $840,623 · end of year $895,627

Mission and programs · 2024

Mission

RIDGEVIEW LE SUEUR MEDICAL CENTER EXISTS TO ENHANCE THE LIFELONG HEALTH OF PEOPLE IT SERVES WITH A CULTURE THAT NURTURES THE WHOLE PERSON: MIND, BODY, AND SPIRIT.

Activities or mission (Part I)

RIDGEVIEW LE SUEUR 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 LE SUEUR MEDICAL CENTER IS CREATED & ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. RIDGEVIEW LE SUEUR MEDICAL CENTER IS CREATED AND ORGANIZED TO OWN, MAINTAIN, OPERATE AND CONDUCT, DIRECTLY OR INDIRECTLY, AND TO ASSIST AND COORDINATE ACTIVITIES OF FACILITIES FOR HEALTH CARE, EDUCATION, CARE FOR THE AGED AND SOCIAL SERVICES. RIDGEVIEW LE SUEUR MEDICAL CENTER INCLUDES A HOSPITAL, OUTPATIENT CLINICS, COMPLETE LAB AND RADIOLOGY DEPARTMENTS, A COMPREHENSIVE PHYSICAL THERAPY DEPARTMENT, AND INDEPENDENT APARTMENT BUILDING FOR THE ELDERLY.

    Expenses $8,449,866 · Revenue $13,879,137

As filed on the 2024 return.

Listed in Part VII

  • BENJAMIN NIELSEN

    COO & TREASURER

    Total calculated
    $379,128
    From this org
    $0
    From related orgs
    $359,651
    Other
    $19,477
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,036 related
    Bonus
    $0
    Other
    $0 + $615 related
    Deferred
    $0 + $18,650 related
    Nontaxable benefits
    $0 + $827 related
    Filer's total
    $0 + $379,128 related

  • JEFF NELSON

    BOARD MEMBER

    Total calculated
    $7,400
    From this org
    $1,200
    From related orgs
    $6,200
    Other
    $0
    Hours/week
    0.4 + 2.4 related

  • ROBERT BROEDER

    BOARD CHAIR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.4

  • KAY KING

    SECRETARY

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.4

  • MARK AMUNDSON

    BOARD MEMBER

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.4

  • DAVID BRAUN

    BOARD MEMBER

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.4

  • PAM WILLIAMS

    BOARD MEMBER

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.4

  • MICHAEL PHELPS

    PRESIDENT/CEO

    Total calculated
    $1,224,841
    From this org
    $0
    From related orgs
    $1,131,592
    Other
    $93,249
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,129,312 related
    Bonus
    $0
    Other
    $0 + $2,280 related
    Deferred
    $0 + $32,084 related
    Nontaxable benefits
    $0 + $61,165 related
    Filer's total
    $0 + $1,224,841 related

  • AARON BLOOMQUIST

    CFO

    Total calculated
    $895,572
    From this org
    $0
    From related orgs
    $823,518
    Other
    $72,054
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $821,811 related
    Bonus
    $0
    Other
    $0 + $1,707 related
    Deferred
    $0 + $18,291 related
    Nontaxable benefits
    $0 + $53,763 related
    Filer's total
    $0 + $895,572 related

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 MEDICIAL CENTER TO DETERMINE THE PRESIDENT/CEO'S COMPENSATION: 1) COMPENSATION COMMITTEE (EXECUTIVE COMMITTEE) 2) FORM 990 OF OTHER ORGANIZATIONS 3) WRITTEN EMPLOYEMENT CONTRACT 4) COMPENSATION SURVEY OR STUDY 5) APPROVAL 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 2024, $182,294 WAS CONTRIBUTED TO THE PLAN, $78,297 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 2024, $428,739 WAS CONTRIBUTED TO THE PLAN, $11,876 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 2024 AND PAID IN 2025.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202503109349303810

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.