PENNINGTON HEALTH SERVICES

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

CAROL RAW

Phone

2186838100

Tax Period

2024-10-01 to 2025-09-30

PENNINGTON HEALTH SERVICES, founded in 2006, is a community nonprofit in the Health Care sector that reported $9.3M in total revenue in fiscal year 2024.

Mission

WE ARE COMMITTED TO EXPRESSING CHRIST'S LOVE BY PROVIDING CARE THAT VALUES EVERY HUMAN LIFE. ST FRANCIS HEALTH SERVICES CONTROLS AND OPERATES PENNINGTON HEALTH SERVICES, WHICH DOES BUSINESS AS THIEF RIVER CARE CENTER, AND IS SPONSORED BY THE CATHOLIC DIOCESE OF ST CLOUD. WE AGREE PROMOTE THE ETHICAL AND RELIGIOUS DIRECTIVE FOR CATHOLIC HEALTH CARE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $8,001,341 Revenue: $9,319,385

PENNINGTON HEALTH SERVICES IS A 70 BED SKILLED NURSING FACILITY LOCATED IN RURAL MINNESOTA. THE FACILITY PROVIDES MEDICAL, SOCIAL, AND SPIRITUAL CARE TO ITS RESIDENTS WITHOUT REGARD TO RACE, COLOR...

PENNINGTON HEALTH SERVICES IS A 70 BED SKILLED NURSING FACILITY LOCATED IN RURAL MINNESOTA. THE FACILITY PROVIDES MEDICAL, SOCIAL, AND SPIRITUAL CARE TO ITS RESIDENTS WITHOUT REGARD TO RACE, COLOR, CREED, OR NATIONAL ORIGIN, IN FURTHERANCE OF THE ORGANIZATION'S EXEMPT STATUS. DURING THE CURRENT REPORTING YEAR, THE ORGANIZATION HAD 23,323 PATIENT DAYS AND PROVIDED SERVICES TO MORE THAN 113 PATIENTS. ALSO DURING THIS TIME PERIOD, THE ORGANIZATION EMPLOYED ABOUT 63 FULL TIME EQUIVALENT EMPLOYEES AND GROSS WAGES PAID OUT WERE MORE THAN 4,100,000. THIS WAS ALL PROVIDED IN AN AREA WHERE MEDICAL AND EMPLOYMENT OPPORTUNITIES ARE LIMITED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,319,385

Investment Income $11,304

Other Revenue $8,919

TOTAL REVENUE $9,339,608

Expense Breakdown

Grants Paid $54,435

Salaries & Benefits $4,846,809

Fundraising Expenses $0

Program Expenses $8,001,341

Other Expenses $4,380,313

TOTAL EXPENSES $9,281,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,339,608	$9,329,871	+0.0%
Expenses	$9,281,557	$8,901,420	+0.0%
Net Income	$58,051	$428,451	-0.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

134

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$1,760,972

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY GRAMM	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN E LIENEMANN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ANN GOODNOUGH	CHAIR	1.00	Director	$0	$0	$0
FATHER TODD SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS EHLERS	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL LAIR	DIRECTOR	1.00	Director	$0	$0	$0
PENNY RHODA	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK NELSON	VICE CHAIR	1.00	Director	$0	$0	$0
BILL LIESKE	DIRECTOR	1.00	Director	$0	$0	$0
KIRSTEN MAHONEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN H LUETMER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HERMANN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA RENTZ	SECR. / TRES	1.00	Director	$0	$0	$0
CAROL RAW	CEO	1.00	Key Emp	$0	$37,315	$482,076
CAMILLA PETERSON-DEVRIES	VP OF SS	1.00	Key Emp	$0	$30,592	$340,170
MARI B CHAMBERS	VP OF FINANC	1.00		$0	$10,135	$193,666
GEOFFREY RYAN	REGIONAL DIR	1.00	Key Emp	$0	$27,222	$269,410
CHRISTINE M BAKKE	REGIONAL DIR	1.00	Key Emp	$0	$24,375	$209,611
MICHELLE M HANNEKEN	SNF DIRECTOR	1.00	Highest	$0	$23,696	$195,355
CHAD MEYER	VP OF BEH-DE	1.00	Key Emp	$0	$27,730	$224,326
LUCAS KOEHNTOP	PRINCIPLE IT	1.00	Highest	$0	$25,667	$181,010
ROXANNE HEJHAL	VP OF HR	1.00	Highest	$0	$22,589	$240,861
LOIS BITTNER	DIRECTOR OF	1.00	Highest	$0	$22,578	$171,873
SHERRY WAGNER	CONTROLLER I	1.00		$0	$7,992	$167,211
REED P HOFMANN	VP OF ISS	1.00	Key Emp	$0	$21,517	$235,379
MEGAN CASPERS	EMPLOYMENT S	1.00	Highest	$0	$21,267	$144,350

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$9,339,608	$9,281,557	$11,369,035	$58,051
2024	No data	No data	No data	No data
2023	$8,563,084	$7,339,497	$12,262,914	$1,223,587
2022	$7,247,140	$7,276,804	$11,652,991	$-29,664
2021	$6,157,863	$6,732,221	$12,115,070	$-574,358
2020	$7,012,563	$6,934,703	$12,310,742	$77,860
2019	$6,833,194	$6,933,631	$12,550,643	$-100,437
2018	$6,664,640	$6,123,347	$13,324,649	$541,293