Osceola Medical Center
Legal name: Ladd Memorial Hospital Inc
Nonprofit profile at a glance
- EIN
- 390773970
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Scandia, MN, US
- Phone
- 651-461-4225
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $62,813,907
- Expenses
- $59,533,579
- Assets
- $66,605,591
- Liabilities
- $13,695,415
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- KELLY MACKEN-MARBLE (CEO)
Highest reported compensation
- MITCHELL THOMPSON (PODIATRIST): $509,558 total reported compensation
- KELLY MACKEN-MARBLE (CEO): $408,134 total reported compensation
- MICHAEL SCHNEIDER (PHYSICIAN): $361,836 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 inspire and improve the health and well-being of our community by combining quality 'big city' healthcare with home-town customer service.
What it reported doing in 2024
During 2024, ladd memorial hospital provided inpatient, outpatient, and clinical care services to the residents of the greater osceola area, regardless of ability to pay.inpatient services were provided to 544 patients and totaled 2,570 days of service. Inpatient services included general medicine, surgery, pediatric, and obstetric.outpatient services included 4,112 emergency room visits, and 1,696 op surgeries. Clinical care services included 28,187 clinic visits, 6,583 walk in visits, and 1,799 mental health visits, totaling 36,569.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 89
- Accountability: 95
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.8%; rating input score 77
- Program expense ratio: 82.3%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.2%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 1.12; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 5.1% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 6.1% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 26th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 76.8% of revenue deployed · 82.3% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $49M in reported program spending
- Leadership: top reported pay $510K · 27 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $8.6M reported
- Consistency: 29 of 29 current checks pass
- Schedules: 9 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Sustainability: Operating margin scored 57/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Officer compensation ratio scored 20/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.