Minnesota · Ranked 338 of 1033 by CEO pay.
Ridgeview Medical Center
Michael Phelps, President/CEO. Fiscal year ending 2024-12.
Form 990 Part VII, columns D+E+F
Schedule H Part I line 7a
§1The filing
- Total revenue
- $446,232,023
- Total expenses
- $434,591,159
- Net assets
- $212,842,219
- Employees
- 2,937
- Hospitals covered
- 3 facilities across 3 filings
- Charity care, net
- $1,084,791
- Bad debt
- $5,445,338
- Medicare surplus (shortfall), as filed
- ($48,596,316)
- CEO pay from the organization (Part VII col. D)
- $1,131,592
- From related organizations (col. E)
- $0
- Other compensation, including deferred pay and nontaxable benefits (col. F)
- $93,249
- CEO total compensation (D+E+F)
- $1,224,841 to Michael Phelps
Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.
Source: Form 990, Ridgeview Medical Center, EIN 31-1667875, fiscal year ending 2024-12, as published by the IRS. CEO identification: ceo title.
§2Community benefit versus charity care
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($5.4M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.
§3Filings in this system
| Filing entity | EIN | FY end | Revenue | Charity care | % of expenses | Filing |
|---|---|---|---|---|---|---|
| Ridgeview Medical Center | 31-1667875 | 2024-12 | $407.1M | $876,975 | 0.22% | 990 |
| Sibley Medical Center | 41-1801967 | 2024-12 | $25.0M | $107,883 | 0.61% | 990 |
| Minnesota Valley Health Center Inc | 41-0837659 | 2024-12 | $14.2M | $99,933 | 0.81% | 990 |
Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.
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