Ridgeview
Legal name: Ridgeview Clinics
Nonprofit profile at a glance
- EIN
- 411651783
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Waconia, MN, US
- Phone
- 952-442-2191
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $32,179,948
- Expenses
- $32,179,948
- Assets
- $5,684,668
- Liabilities
- $16,266,662
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- BENJAMIN NIELSON (CEO, TREASURER & SECRETARY)
Highest reported compensation
- NIMA ADIMI (PHYSICIAN): $1,315,735 total reported compensation
- MICHAEL PHELPS (BOARD CHAIR): $1,224,841 total reported compensation
- MUSTAFA TIEWALA (PHYSICIAN): $1,073,386 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ridgeview is a community-owned health care system serving the west metro region of the Twin Cities and beyond, delivering a highly personalized experience to each patient.
What it reported doing in 2024
Ridgeview clinics provide healthcare services to the communities surrounding ridgeview.
Operating model
- Revenue model
- Earned-program. 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 60
- Accountability: 32
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95%; rating input score 95
- Program expense ratio: 95%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: 0%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 2.86; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 17.5%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 9.6% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 9.8% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 49th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 95% of revenue deployed · 95% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $30.6M in reported program spending
- Leadership: top reported pay $1.3M · 9 people listed · 0 of 6 pay-setting controls reported
- Consistency: 17 of 17 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 8 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 6/100.