MINNESOTA VALLEY HEALTH CENTER INC

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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

1959

Legal Domicile

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 PEOPLE IT SERVES WITH A CULTURE THAT NURTURES THE WHOLE PERSON: MIND, BODY, AND SPIRIT.

Program Service Accomplishments

Program 1

Expenses: $8,449,866 Revenue: $13,879,137

RIDGEVIEW LE SUEUR MEDICAL CENTER IS CREATED & ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. RIDGEVIEW LE SUEUR MEDICAL CENTER IS CREATED AND ORGANIZED TO OWN, MAINTAIN, OPERATE AND CONDUCT...

RIDGEVIEW LE SUEUR MEDICAL CENTER IS CREATED & ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. RIDGEVIEW LE SUEUR MEDICAL CENTER IS CREATED AND ORGANIZED TO OWN, MAINTAIN, OPERATE AND CONDUCT, DIRECTLY OR INDIRECTLY, AND TO ASSIST AND COORDINATE ACTIVITIES OF FACILITIES FOR HEALTH CARE, EDUCATION, CARE FOR THE AGED AND SOCIAL SERVICES. RIDGEVIEW LE SUEUR MEDICAL CENTER INCLUDES A HOSPITAL, OUTPATIENT CLINICS, COMPLETE LAB AND RADIOLOGY DEPARTMENTS, A COMPREHENSIVE PHYSICAL THERAPY DEPARTMENT, AND INDEPENDENT APARTMENT BUILDING FOR THE ELDERLY.

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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%)

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

Governance

Voting Members

Independent Members

Employees

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

$2,502,541

Total Directors

$393,128

Key Employees

Highest Compensated

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