RIDGEVIEW CLINICS

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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

1989

Legal Domicile

Principal Officer

MICHAEL PHELPS

Phone

9524422191

Tax Period

2024-01-01 to 2024-12-31

RIDGEVIEW CLINICS, founded in 1989, is a mid-sized nonprofit in the Health Care sector that reported $32.2M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTHCARE SERVICES TO THE COMMUNITY SERVED BY RIDGEVIEW MEDICAL CENTER.

Program Service Accomplishments

Program 1

Expenses: $30,570,950 Revenue: $32,179,948

RIDGEVIEW CLINICS PROVIDE HEALTHCARE SERVICES TO THE COMMUNITIES SURROUNDING RIDGEVIEW.

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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 $0

Program Service Revenue $32,179,948

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,179,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,962,294

Fundraising Expenses $0

Program Expenses $30,570,950

Other Expenses $217,654

TOTAL EXPENSES $32,179,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,179,948	$25,385,711	+0.3%
Expenses	$32,179,948	$25,385,796	+0.3%
Net Income	$0	$-85	-1.0%

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

N/A

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

$2,943,773

Total Directors

$2,048,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PHELPS	BOARD CHAIR	5.00	Officer Director	$0	$93,249	$1,224,841
TIM MEYER MD	VICE CHAIR	40.00	Officer Director	$0	$68,605	$444,232
BENJAMIN NIELSON	CEO, TREASURER & SECRETARY	5.00	Officer Director	$0	$19,477	$379,128
AARON BLOOMQUIST	CFO	0.50	Officer	$0	$72,054	$895,572
NIMA ADIMI	PHYSICIAN	40.00	Highest	$1,233,369	$82,366	$1,315,735
BRIAN GOOTZEIT	PHYSICIAN	40.00	Highest	$913,254	$83,408	$996,662
MUSTAFA TIEWALA	PHYSICIAN	40.00	Highest	$992,668	$80,718	$1,073,386
SABINA KHAN	PHYSICIAN	40.00	Highest	$863,985	$98,172	$962,157
ELISABETH HURLIMAN	PHYSICIAN	40.00	Highest	$924,315	$97,316	$1,021,631

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	$32,179,948	$32,179,948	$5,684,668	No data
2023	$25,385,711	$25,385,796	$7,789,743	$-85
2022	$22,739,282	$22,739,282	$2,053,424	No data
2021	$22,443,440	$20,443,440	$2,362,510	$2,000,000
2020	$19,288,816	$19,288,816	$1,236,847	No data
2019	$22,511,053	$20,511,053	$1,891,599	$2,000,000
2018	$19,854,167	$19,854,167	$2,848,793	No data