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Destination Medical Center Economic Development Agency

Public charity
DBA: % LISA CLARKE
Community Development · ROCHESTER, MN · EIN 46-4893585

About

The NON-profit DMC economic development agency (EDA) is an economic development corporation formed by the MAYO clinic and authorized by the DMC state statute to provide services to the DMCC to secure the city of rochester's and minnesota's future as a global, premier medical destination and to further MAYO clinic's mission by providing the ideal patient, companion, visitor and community member experience.

In care of LISA Clarke

Donations are tax-deductible
Category
Community Development
Employees
14
Volunteers
5

Financial Snapshot

FY ending 2024-12-31
Revenue
$4.3M
Expenses
$4.3M
Assets
$1.3M
Liabilities
$870K

Financial history

$4.3M$2.1M$0
161718192021222324
RevenueExpenses
Latest FY2024: $4.3M · Avg: $2.7M
DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY
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Address

195 Broadway AVE S
Rochester, MN, 55904-380

Governance

Voting board members8
Independent members6
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Board approved compYes
Initial contract exceptionNo
Public records
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