BRIDGES MEDICAL CENTER

EIN: 200479568 501(c)(3) Health Care

ADA, MN

Total Revenue
$12,664,722
Total Expenses
$11,045,475
Total Assets
$27,982,550
Net Assets
$26,740,744
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
ERIN STOLTMAN
Phone
2187845000
Tax Period
2024-07-01 to 2025-06-30

BRIDGES MEDICAL CENTER, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $12.7M in total revenue in fiscal year 2024. Expenses of $11.0M left a modest 13% surplus.

Mission

WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,632
Program Service Revenue $11,782,902
Investment Income $690,078
Other Revenue $169,110
TOTAL REVENUE $12,664,722

Expense Breakdown

Grants Paid $50,518
Salaries & Benefits $5,912,211
Fundraising Expenses $0
Program Expenses $8,970,265
Other Expenses $5,082,746
TOTAL EXPENSES $11,045,475

Year-over-Year Comparison

2024 2023 Change
Revenue $12,664,722 $12,356,696 +0.0%
Expenses $11,045,475 $10,136,425 +0.1%
Net Income $1,619,247 $2,220,271 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
4
Employees
54
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$2,720,800
Total Directors
11
$2,555,855
Key Employees
2
$772,446
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN SMITH MD BOARD DIRECTOR/RELATED ORG PHYSICIAN 0.20
Director
$0 $76,023 $1,788,790
TRACI MORRIS TREASURER/REL ORG CHIEF FINCL OFF 1.00
Officer
$0 $144,686 $1,199,416
MICHAEL WATTERS SECRETARY/REL ORG CHIEF LEGAL OFF 1.00
Officer
$0 $151,399 $924,527
SREEJITH GOPI MD PHYSICIAN & SECTION CHAIR 1.00
Key Emp
$0 $77,439 $517,704
TAYLOR MERTZ MD BD DIRECTOR/REL ORG PHYS & SEC CHAIR 0.20
Director
$0 $67,780 $443,642
CHENTEL DANGERUD PHYSICIAN ASSISTANT 60.00
Highest
$240,377 $52,196 $292,573
RYAN HILL FORMER SENIOR FINANCE ADVISOR 0.00
$0 $52,879 $280,826
KIMBERLY BODENSTEINER FINANCE DIRECTOR 1.00
Officer
$0 $28,913 $275,953
JEAN CHISHOLM REGISTERED NURSE 60.00
Highest
$221,705 $34,290 $255,995
KARI BERGMAN NURSING DIRECTOR 60.00
Key Emp
$199,096 $55,646 $254,742
ERIN STOLTMAN ADMINISTRATOR 60.00
Officer
$154,974 $45,275 $200,249
DANIELLE ALDRICH REGISTERED NURSE - SUPERVISOR 60.00
Highest
$139,710 $40,031 $182,708
EMILY STUENESS PHYSICIAN ASSISTANT 60.00
Highest
$132,760 $47,946 $180,706
JAMES CHRISTENSEN MD BOARD DIRECTOR/RELATED ORG PHYSICIAN 0.20
Director
$0 $26,779 $174,893
JULIE AUSTINSON REGISTERED NURSE 60.00
Highest
$120,466 $19,555 $140,021
JOEL HAUGEN MD BD CHAIR/REL ORG RETIRED PHYSICIAN 0.20
Officer Director
$0 $0 $116,155
LAURIE LEWANDOWSKI BOARD DIRECTOR 0.20
Director
$0 $0 $23,375
ARRICK JACKSON BOARD DIRECTOR THRU 5/25 0.20
Director
$0 $0 $4,500
TIMOTHY HEILMAN BOARD VICE CHAIR 0.20
Officer Director
$0 $0 $4,500
ANDERSON ST GEORGE BOARD DIRECTOR 0.20
Director
$0 $0 $0
JENNY OLSON BOARD DIRECTOR THRU 2/25 0.20
Director
$0 $0 $0
KIM PLADSON BOARD DIRECTOR 0.20
Director
$0 $0 $0
SISTER BEVERLY HORN BOARD DIRECTOR THRU 4/25 0.20
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $12,664,722 $11,045,475 $27,982,550 $1,619,247
2024 No data No data No data No data
2023 $12,296,334 $9,540,286 $21,538,045 $2,756,048
2022 $11,648,338 $9,252,467 $18,249,726 $2,395,871
2021 $10,522,271 $8,307,641 $19,927,650 $2,214,630
2020 $10,108,060 $9,121,013 $19,290,142 $987,047
2019 $9,985,742 $9,298,486 $14,744,158 $687,256
2018 $10,548,827 $9,121,433 $13,912,683 $1,427,394
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