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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Olmsted Medical Center

Olmsted Medical Center

Fiscal year ending 2021. Filed on October 6, 2022.

210 Ninth Street SE
Rochester, Minnesota 55904

Olmsted Medical Center (EIN: 41-0855367) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2021 IRS Form 990 filing, Olmsted Medical Center, a 501(c)(3) charitable organization, reported compensation for 12 out of 1,608 total employees. Among the employees shown here, the average compensation is $709,825. The highest compensated employee at Olmsted Medical Center is Mark Herr, M.D. with fiscal year 2021 compensation of $1,088,674.

Revenue, expenses, and employee compensation

Revenue

$259,538,018

Expenses

$243,985,725

Employee compensation

$151,373,850
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mark Herr, M.D.
Physician
$1,088,674
$1,066,557 No related comp$22,117
Matthew Kirsch, M.D.
Physician
$1,087,436
$1,042,669 No related comp$44,767
Vidhan Chandra, M.D.
Physician
$1,010,556
$988,542 No related comp$22,014
Tim Weir Fache
Chief Executive Officer
$854,144
$822,350 No related comp$31,794
Srdan Babovic, M.D.
Physician
$819,314
$799,322 No related comp$19,992
David Lowe, M.D.
Physician
$808,062
$764,560 No related comp$43,502
James Hoffmann, M.D.
President
$620,044
$587,233 No related comp$32,811
Kevin Higgins
Chief Financial Officer
$550,661
$503,135 No related comp$47,526
Randy Hemann, M.D.
Chief Medical Officer
$536,314
$503,864 No related comp$32,450
Tamara Alexandrov, M.D.
Clinic Trustee
$460,683
$442,958 No related comp$17,725
Carole Nistler, M.D.
Clinic Trustee
$362,646
$331,063 No related comp$31,583
Maral Kendarian
Clinic Trustee
$319,363
$303,931 No related comp$15,432

Benchmark Employee Compensation

Non-Employee Board Members

Andrea Chapman
Public Trustee
Cassie Harrington
Public Trustee
Dan Christianson
Public Trustee-Chair
Jack Priggen
Public Trustee
Jay Hesley
Public Trustee-Vice Chair
Mike Malugani
Public Trustee
Steve Borchardt
Public Trustee
Wendy Shannon
Public Trustee

Contractors

Mayo Collaborative Services
Lab
$3,651,775
Epic Systems Corporation
Computer Support
$2,496,219
Epic Hosting LLC
Computer Support
$1,687,762
Rural Physicians Group Pannu Pllc
Physician Nights Weekends
$1,445,929
Agiliti Health LLC
Biomedical Program Equipment Maintenance
$1,098,545

Mission Statement

PARTNERING FOR BETTER HEALTH AND BETTER LIVES.

Revisions to this organization profile

October 2, 2025:
2024 Olmsted Medical Center 990 filed
September 30, 2024:
2023 Olmsted Medical Center 990 filed
October 19, 2023:
2022 Olmsted Medical Center 990 filed

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Olmsted Medical Center Auxiliary
Rochester, Minnesota