Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREMIUM REVENUE

  total $6,073,954 · related or exempt $6,073,954

• 3 · Investment income

  total $465,350 · excluded $465,350

• 7a · Gross sales of assets other than inventory

  securities $10,930,376

• 7b · Less cost or other basis and sales expenses

  securities $9,898,274

• 7c · Gain or loss

  securities $1,032,102

• 7d · Net gain or loss

  total $1,032,102 · excluded $1,032,102

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $46,800 · management and general $46,800

• 11b · Fees: legal

  total $1,213 · management and general $1,213

• 11c · Fees: accounting

  total $17,841 · management and general $17,841

• 11g · Fees: other

  total $31,426 · management and general $31,426

• 24a · Other expenses: INSURANCE CLAIMS

  total $3,790,912 · program services $3,790,912

• 24b · Other expenses: STATE INSURER LICENSE

  total $7,500 · management and general $7,500

• 24c · Other expenses: MISCELLANEOUS EXPENSE

  total $2,870 · management and general $2,870

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $139,080 · end of year $2,428,534

• 2 · Savings and temporary cash investments

  beginning of year $57,292 · end of year $665,884

• 4 · Accounts receivable

  beginning of year $0 · end of year $236,955

• 11 · Investments: publicly traded securities

  beginning of year $10,783,588 · end of year $11,342,787

• 15 · Other assets

  beginning of year $1,110,938 · end of year $771,332

• 17 · Accounts payable and accrued expenses

  beginning of year $14,968 · end of year $7,514

• 19 · Deferred revenue

  beginning of year $0 · end of year $71,901

• 25 · Other liabilities

  beginning of year $832,396 · end of year $704,163

• 29 · Capital stock, trust principal or current funds

  beginning of year $100,000 · end of year $100,000

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $338,000 · end of year $338,000

• 31 · Retained earnings, endowment or other funds

  beginning of year $10,805,534 · end of year $14,223,914

The filer's explanations (Part III)

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 2023, $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. 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.

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 UNITRUST (1)

  CHARITABLE TRUST · MN