MINNESOTA VALLEY HEALTH CENTER INC

EIN: 410837659 501(c)(3) Health Care

LE SUEUR, MN

Total Revenue
$14,169,175
Total Expenses
$12,734,671
Total Assets
$13,344,282
Net Assets
$12,661,244
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
MN
Principal Officer
MICHAEL PHELPS
Phone
5076653375
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA VALLEY HEALTH CENTER INC, founded in 1959, is a mid-sized nonprofit in the Health Care sector that reported $14.2M in total revenue in fiscal year 2024. Expenses of $12.7M left a modest 10% surplus.

Mission

RIDGEVIEW LE SUEUR MEDICAL CENTER EXISTS TO ENHANCE THE LIFELONG HEALTH OF THE PEOPLE WE SERVE WITH A CULTURE THAT NURTURES THE WHOLE PERSONMIND, BODY AND SPIRIT.

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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 $114,643
Program Service Revenue $13,534,101
Investment Income $9,046
Other Revenue $511,385
TOTAL REVENUE $14,169,175

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,326,642
Fundraising Expenses $0
Program Expenses $8,449,866
Other Expenses $7,408,029
TOTAL EXPENSES $12,734,671

Year-over-Year Comparison

2024 2023 Change
Revenue $14,169,175 $14,737,443 0.0%
Expenses $12,734,671 $14,496,091 -0.1%
Net Income $1,434,504 $241,352 +4.9%
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
7
Independent Members
6
Employees
89
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
5
$2,502,541
Total Directors
7
$393,128
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN NIELSEN COO & TREASURER 0.50
Officer Director
$0 $19,477 $379,128
JEFF NELSON BOARD MEMBER 0.40
Director
$1,200 $0 $7,400
ROBERT BROEDER BOARD CHAIR 0.40
Officer Director
$1,800 $0 $1,800
KAY KING SECRETARY 0.40
Officer Director
$1,200 $0 $1,200
MARK AMUNDSON BOARD MEMBER 0.40
Director
$1,200 $0 $1,200
DAVID BRAUN BOARD MEMBER 0.40
Director
$1,200 $0 $1,200
PAM WILLIAMS BOARD MEMBER 0.40
Director
$1,200 $0 $1,200
MICHAEL PHELPS PRESIDENT/CEO 0.50
Officer
$0 $93,249 $1,224,841
AARON BLOOMQUIST CFO 0.50
Officer
$0 $72,054 $895,572
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
2024 $14,169,175 $12,734,671 $13,344,282 $1,434,504
2023 $14,737,443 $14,496,091 $12,890,524 $241,352
2022 $15,307,099 $14,505,339 $20,693,444 $801,760
2021 $15,775,964 $13,201,229 $20,327,367 $2,574,735
2020 $14,508,818 $13,143,695 $20,560,454 $1,365,123
2019 $13,567,304 $13,199,112 $16,334,633 $368,192
2018 $12,897,187 $12,643,578 $16,335,308 $253,609
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