Glencoe Regional Health Services

Nonprofit profile at a glance

EIN
411949230
IRS 990 coverage
2010–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025
Location
Glencoe, MN, US
Phone
(320) 864-3121
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$100,674,254
Expenses
$95,848,797
Assets
$139,837,947
Liabilities
$30,517,669

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • BENJAMIN DAVIS (PRESIDENT AND CEO)

Highest reported compensation

  • DR MATTHEW COPPLE (PHYSICIAN): $929,421 total reported compensation
  • JOSLIN THIEMANN APRN (ADVANCED PRACTICE PROV.): $858,516 total reported compensation
  • DR KRISTEN BUDAHN (DIRECTOR & PHYSICIAN): $684,205 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the health and well-being of the communities we serve.

What it reported doing in 2025

Nursing home - the long-term care unit is a 108-bed skilled nursing facility, with all beds medicare and medicaid-certified. While here, residents enjoy a person-centered approach to care that includes private spaces along with home-like amenities and flexible routines. This model is proven to provide residents greater autonomy and closer relationships with cross-trained staff. In addition, weekly activities are available to meet a variety of resident interests. For example, we hosted the first annual patchwork palooza, a display of handmade quilts from community members. Finally, community volunteers engage with residents in a variety of ways to help combat social isolation, including trips on our trishaw bike, gardening, and transport support during the organization's run/walk event held during the annual town celebration.

Operating model

Revenue model
Earned-program. 97% 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.

The verdict

SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 73
  • Accountability: 70
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.6%; rating input score 63
  • Program expense ratio: 66.2%; rating input score 66
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 86.7%; rating input score 87; 1st percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 72.5%; rating input score 73; 21st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 57.1%; rating input score 57; 8th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.8%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 1.46; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 6%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 4.3% per year; rating input score 100; 30th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 62.6% of revenue deployed · 66.2% of spending went to programs
  • Governance: 4 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $63.4M in reported program spending
  • Leadership: top reported pay $929K · 14 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.9M reported
  • Consistency: 37 of 38 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Accountability: Independent voting board scored 57/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.