Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $784,315

• 1f · All other contributions, gifts and grants

  $3,384,811

• 1g · Noncash contributions included above

  $259,720

• 3 · Investment income

  total $473,614 · excluded $473,614

• 7a · Gross sales of assets other than inventory

  securities $6,399,662

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

  securities $3,987,047

• 7c · Gain or loss

  securities $2,412,615

• 7d · Net gain or loss

  total $2,412,615 · excluded $2,412,615

• 8a · Fundraising events: gross income

  $159,078

• 8a · Fundraising events: contributions included on line 1c

  $784,315

• 8b · Fundraising events: direct expenses

  $339,080

• 8c · Net income from fundraising events

  total -$180,002 · excluded -$180,002

• 9a · Gaming: gross income

  $78,900

• 9b · Gaming: direct expenses

  $18,208

• 9c · Net income from gaming

  total $60,692 · excluded $60,692

• 11a · Other revenue: GROUP LIFE INSURANCE

  total $144,906 · excluded $144,906

• 11e · Other revenue, total

  $144,906

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,005,406 · program services $3,005,406

• 2 · Grants to domestic individuals

  total $48,000 · program services $48,000

• 11c · Fees: accounting

  total $2,750 · management and general $2,750

• 11f · Fees: investment management

  total $138,231 · management and general $138,231

• 12 · Advertising and promotion

  total $3,362 · program services $3,362

• 24a · Other expenses: MISCELLANEOUS EXPENSES

  total $98,525 · program services $98,525

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,295,850 · end of year $1,342,710

• 2 · Savings and temporary cash investments

  beginning of year $319,373 · end of year $605,943

• 3 · Pledges and grants receivable

  beginning of year $1,090,171 · end of year $754,948

• 4 · Accounts receivable

  beginning of year $64,857 · end of year $70,857

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

  $9,697

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

  $9,697

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $14,956,579 · end of year $17,853,094

• 15 · Other assets

  beginning of year $5,549,666 · end of year $6,057,945

• 17 · Accounts payable and accrued expenses

  beginning of year $188,081 · end of year $200,016

• 25 · Other liabilities

  beginning of year $427,112 · end of year $103,183

• 27 · Net assets without donor restrictions

  beginning of year $15,315,849 · end of year $16,647,658

• 28 · Net assets with donor restrictions

  beginning of year $8,345,454 · end of year $9,734,640

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) FORM 990 OF OTHER ORGANIZATIONS 3) WRITTEN EMPLOYMENT CONTRACT 4) COMPENSATION SURVEY OR STUDY 5) 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 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 2023 AND PAID IN 2024.

Related partnerships

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

• MINNEAPOLIS HEART INSTITUTE AT RIDGEVIEW HEART CENTER LCC

  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