Ridgeview Medical Center

Health care organization based in Waconia, MN. 2,732 employees. Exempt under §501(c)(3).

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

EIN
31-1667875
State
MN
Sector
Health care
Budget band
$50M+
Latest filing
TY 2024
Records
15 officers · 6 years

Financial snapshot · TY 2024

$407.1M
Total revenue
$403.3M
Total expenses
$402.1M
Net assets

Financial health · TY 2024

41
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
25
4.6 months of expenses
Program efficiency
60
73.8% spent on programs
Revenue diversity
35
Mix of program fees, grants & contributions

Leadership compensation

Michael Phelps
PRESIDENT/CEO
$1,224,841
100th percentile vs. peers
$895,572
100th percentile vs. peers
Stacey Lee
VICE PRESIDENT
$509,236
95th percentile vs. peers
Elaine Arion
VICE PRESIDENT & CNO
$397,826
95th percentile vs. peers
$381,953
87th percentile vs. peers

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