OLMSTED MEDICAL CENTER (EIN 410855367) - Form 990 Financial Analysis & Trantor Score

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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

1949

Legal Domicile

Principal Officer

JAMES HOFFMANN

Phone

5072883443

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

PARTNERING FOR BETTER HEALTH AND BETTER 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,598

Program Service Revenue $299,232,643

Investment Income $4,557,215

Other Revenue $1,031,102

TOTAL REVENUE $304,844,558

Expense Breakdown

Grants Paid $233,072

Salaries & Benefits $178,547,187

Fundraising Expenses $644,185

Program Expenses $253,689,705

Other Expenses $119,769,129

TOTAL EXPENSES $298,549,388

Year-over-Year Comparison

	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%

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

1698

Volunteers

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

$2,844,261

Total Directors

$2,206,110

Key Employees

Highest Compensated

reported

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

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	$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

OLMSTED MEDICAL CENTER