Charity Search / OLMSTED MEDICAL CENTER
Health Care (E220) 990 on File

OLMSTED MEDICAL CENTER

EIN: 41-0855367 · ROCHESTER, MN 55904-6756 · United States · FY 2024 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 94/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$304.8M
Total Revenue
$298.5M
Total Expenses
$249.2M
Net Assets
1698
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 85.0%
Fundraising Efficiency N/A
Operating Reserve 10.02x
Liability-to-Asset 20.0%
Revenue Diversification 98.2%
Executive Compensation $2.5M
Compared with Peers
FY 2024
Compared with 938 similar organizations (United States, Health Care, $100M and over in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
85.0% 87.7%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
14.8% 12.3%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.2% 0.0%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
10.0 mo 6.1 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
20.0% 44.5%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
98.2% 96.4%
P10P90
Below median
Revenue growth
Year over year revenue growth
9.3% 9.1%
P10P90
Expense growth
Year over year expense growth
9.2% 7.8%
P10P90
Surplus margin
Surplus as a share of revenue
2.1% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $304.8M $298.5M $249.2M 85.0% 1698
2023 $279.0M $273.5M $240.8M 85.4% 1618
2022 $258.7M $254.8M $232.4M 84.0% 1629
2021 $259.5M $244.0M N/A 1608
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Organization Details
EIN
41-0855367
State
MN
City
ROCHESTER
ZIP
55904-6756
Classification
E220
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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