ROCHESTER, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OLMSTED MEDICAL CENTER, founded in 1949, is a major nonprofit in the Health Care sector that reported $304.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.
PARTNERING FOR BETTER HEALTH AND BETTER LIVES.
PERSONAL APPROACH TO CARE THROUGH MORE THAN 25 SPECIALTIES. ALL OF OUR SPECIALTY SERVICES COMPLIMENT PRIMARY CARE AND OFFER PATIENTS GREATER CONVENIENCE AND PEACE OF MIND. WE CONTINUE TO WORK TO...
PERSONAL APPROACH TO CARE THROUGH MORE THAN 25 SPECIALTIES. ALL OF OUR SPECIALTY SERVICES COMPLIMENT PRIMARY CARE AND OFFER PATIENTS GREATER CONVENIENCE AND PEACE OF MIND. WE CONTINUE TO WORK TO POSITION OMC AS A PREFERRED HEALTHCARE PROVIDER FOR PRIMARY AND SECONDARY CARE AMONG SOUTHEASTERN MINNESOTA RESIDENTS. OMC'S 218 CLINICIANS AND 1,100+ HEALTHCARE PROFESSIONALS SERVE AT 27 LOCATIONS, INCLUDING PHYSICAL/OCCUPATIONAL THERAPY, TWO MULTI-SPECIALTY CLINICS, SPORTS MEDICINE FACILITIES, A LEVEL IV TRAUMA HOSPITAL WITH 24-HOUR EMERGENCY ROOM AND BIRTHCENTER, TWO WALK-IN FASTCARE RETAIL CLINICS, A SKYWAY CLINIC IN DOWNTOWN ROCHESTER, AND 11 COMMUNITY BRANCH CLINICS. IN 2024, OMC HAD 373,510 PATIENT VISITS SERVING 83,459 UNIQUE PATIENTS. (CONTINUED ON SCHEDULE O)THE HOSPITAL PROVIDED CARE FOR 2,736 PATIENT ADMISSIONS RESULTING IN 6,927 PATIENT DAYS INCLUDING 939 BIRTHS.
OMC WELCOMES ITS MANY OPPORTUNITIES TO BE AN ACTIVE, CONTRIBUTING PARTNER TO SOUTHEASTERN MINNESOTA'S HEALTH AND WELLNESS EFFORTS. AS A 501(C)(3) NON-PROFIT ORGANIZATION, OMC ACTIVELY SUPPORTS...
OMC WELCOMES ITS MANY OPPORTUNITIES TO BE AN ACTIVE, CONTRIBUTING PARTNER TO SOUTHEASTERN MINNESOTA'S HEALTH AND WELLNESS EFFORTS. AS A 501(C)(3) NON-PROFIT ORGANIZATION, OMC ACTIVELY SUPPORTS SOUTHEASTERN MINNESOTA'S HEALTH AND WELLNESS EFFORTS THROUGH THE CONTRIBUTION OF STAFF TIME/TALENT, IN-KIND RESOURCES, AND FINANCIAL ASSISTANCE. IN 2024, OUR COMMUNITY CONTRIBUTIONS MADE UP 30.80% OF OUR ANNUAL OPERATING EXPENSE - MORE THAN $91,775 IN SUPPORT OF OUR COMMITMENT TO BE AN ACTIVE, CONTRIBUTING PARTNER IN THE COMMUNITIES WE SERVE. ANOTHER WAY OMC ACTIVELY SUPPORTS COMMUNITY HEALTH IS THROUGH ITS PARTNERSHIP WITH MAYO CLINIC, OLMSTED COUNTY PUBLIC HEALTH, AND SEVERAL OTHER COMMUNITY-SERVICE ORGANIZATIONS AS TOGETHER WE IMPLEMENTED (CONTINUED ON SCHEDULE O)THE YEAR-THREE ACTION PLAN BASED ON OUR COLLABORATIVE COMMUNITY HEALTH NEEDS ASSESSMENT (CHNA). OVER THE PAST YEAR, WE CONTINUED TO MAKE IT EASIER FOR COMMUNITY MEMBERS TO DONATE THEIR TIME AND TALENT TO OMC. IN ADDITION TO ADDING AN ONLINE VOLUNTEER APPLICATION FORM TO OUR WEBSITE, WE EXPANDED OUR VOLUNTEERS IN PATIENT CARE OPPORTUNITIES LIKE CANINE COMPANIONS AND ESCORT/GREETER ROLES TO HELP PATIENTS NAVIGATE OUR EXPANDING HOSPITAL CAMPUS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $304,844,558 | $278,954,376 | +0.1% |
| Expenses | $298,549,388 | $273,475,611 | +0.1% |
| Net Income | $6,295,170 | $5,478,765 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATTHEW KIRSCH MD | PHYSICIAN | 36.00 |
Highest
|
$1,105,153 | $36,477 | $1,141,630 |
| VIDHAN CHANDRA MD | PHYSICIAN | 36.00 |
Highest
|
$1,116,000 | $24,023 | $1,140,023 |
| MARK HERR MD | PHYSICIAN | 40.00 |
Highest
|
$1,029,514 | $26,295 | $1,055,809 |
| JACOB JUTA MD | PHYSICIAN | 40.00 |
Highest
|
$1,011,604 | $35,205 | $1,046,809 |
| SAMER ABDEL-AZIZ MD | PHYSICIAN | 40.00 |
Highest
|
$989,659 | $36,557 | $1,026,216 |
| TIM WEIR FACHE | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$965,511 | $44,170 | $1,009,681 |
| JAMES HOFFMANN DO | PRESIDENT | 32.00 |
Officer
Director
|
$661,811 | $45,031 | $706,842 |
| KEVIN HIGGINS | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$593,312 | $67,572 | $660,884 |
| TAMARA ALEXANDROV MD | CLINIC TRUSTEE | 37.20 |
Director
|
$488,548 | $25,523 | $514,071 |
| KEITH KLEIS MD | CLINIC TRUSTEE | 40.00 |
Director
|
$443,183 | $57,424 | $500,607 |
| MARAL KENDARIAN MD | CLINIC TRUSTEE | 34.00 |
Director
|
$459,067 | $25,523 | $484,590 |
| MARK WILBUR MD CHIEF | CHEIF MEDICAL OFFICER | 40.00 |
Officer
|
$440,559 | $26,295 | $466,854 |
| MIKE MALUGANI | PUBLIC TRUSTEE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL TUOHY | PUBLIC TRUSTEE-VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAM BISHOP | PUBLIC TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CASSIE HARRINGTON | PUBLIC TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JUSTIN MCNEILUS | PUBLIC TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLE NISTLER MD | PUBLIC TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DON SUPALLA | PUBLIC TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CORENIA WALZ | PUBLIC TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $304,844,558 | $298,549,388 | $311,451,969 | $6,295,170 |
| 2023 | $278,954,376 | $273,475,611 | $295,849,044 | $5,478,765 |
| 2022 | $258,723,356 | $254,800,158 | $277,318,598 | $3,923,198 |
| 2021 | $259,538,018 | $243,985,725 | $279,074,617 | $15,552,293 |
| 2020 | $229,537,426 | $228,525,137 | $258,138,941 | $1,012,289 |
| 2019 | $228,108,243 | $218,505,274 | $278,629,440 | $9,602,969 |
| 2018 | $217,422,315 | $206,158,164 | $278,992,681 | $11,264,151 |
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