Glacial Ridge Hospital Foundation

Nonprofit profile at a glance

EIN
411553655
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Glenwood, MN, USA
Phone
3206344521
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$1,988,867
Expenses
$1,157,550
Assets
$9,133,010
Liabilities
$5,128,625

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • KIRK STENSRUD (CEO)
  • DARYL KLOUS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KIRK STENSRUD (CEO): $365,498 total reported compensation
  • KYLE CHASE (CFO): $211,987 total reported compensation
  • DARYL KLOUS (EXECUTIVE DIRECTOR): $114,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To develop and administer programs that will provide financial resources through voluntary giving for special projects of the glacial ridge hospital and glacial ridge hospital district, and such other organizations.

What it reported doing in 2024

The main program of the foundation is operations of the ridgewood villa independent living center "the villa". Ridgewood villa is a 59+ bed independent living campus in glenwood, mn that offers residents the freedom to live independently while providing many of the comforts of home and opportunities to gather with friends. It is conveniently located across the street from the glacial ridge health system and operates an urgent call system monitored by glacial ridge hospital 24 hours a day. The facility is equipped with state of the art fire protection and secured entrances. For the fiscal year ended september 30, 2025 ridgewood villa had 54 units occupied and operated at 93% capacity. Monthly rent includes homemade meals served each day at noon, 365 days a year and breakfast 5 days a week, full use of the fireside lounge, activity lounge, library, chapel and game room. Various activities are provided for residents 2-3 times per week. The game room is used for bingo, cards, puzzles and other social gatherings. The chapel is open for residents to use to fulfill their spiritual needs. Residents have the option to purchase additional services, such as home health care, laundry, grocery delivery, additional housekeeping or meal services and personal alarm medallions are also available to residents.standard and deluxe 1 and 2 bedroom apartments are available. The villa has 59 units for rental to those age 55 plus. Additional amenities include glacial ridge wellness center with an exercise pool and a pharmacy and gift shop.

Operating model

Revenue model
Earned-program. 75% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 71
  • Accountability: 67
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.9%; rating input score 57
  • Program expense ratio: 99.7%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 41.8%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 7.89; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.56; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 6.7%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 10.5% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 9.6% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 56.9% of revenue deployed · 99.7% of spending went to programs
  • Governance: 5 of 6 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $365K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.