Monida Healthcare Network Resources

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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

2009

Legal Domicile

Principal Officer

KEN WESTMAN

Phone

4068292380

Tax Period

2024-01-01 to 2024-12-31

Monida Healthcare Network Resources, founded in 2009, is a small nonprofit in the Health Care sector that reported $812K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

MEDICAL SUPPORT FOR HOSPITALS AND OTHER PROVIDERS IN RURAL WESTERN MONTANA TO IMPROVE ACCESS TO HEALTHCARE SERVICES AVAILABLE IN LARGER COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $614,691 Revenue: $256,741

THE DEVELOPMENT OF A CLINICALLY INTEGRATED NETWORK IS CRITICAL FOR THE MEMBERS OF MHN AND MEMBER NON-PROFIT HOSPITALS. THE IMPACT OF DEVELOPING A CIN IS DEEMED AS A SIGNIFICANT PUBLIC BENEFIT DUE TO THE INTENTION OF REDUCING HEALTHCARE COSTS BY MANAGING CHRONIC CONDITIONS IN A COORDINATED MANNER BETWEEN NETWORK PROVIDERS.

Program 2

Expenses: $114,403 Revenue: $229,988

PEER REVIEW REVENUES ARE THE NET AMOUNT OF FEES RECEIVED FROM NOT-FOR-PROFIT HOSPITAL. SUCH SERVICES SERVE TO IMPROVE THE QUALITY OF CARE PROVIDED IN HOSPITALS THAT HAVE THE POTENTIAL OF REDUCING...

PEER REVIEW REVENUES ARE THE NET AMOUNT OF FEES RECEIVED FROM NOT-FOR-PROFIT HOSPITAL. SUCH SERVICES SERVE TO IMPROVE THE QUALITY OF CARE PROVIDED IN HOSPITALS THAT HAVE THE POTENTIAL OF REDUCING HEALTHCARE COSTS WITHIN THE NETWORK, AND BEYOND AS PROVIDED TO HOSPITALS OUT OF NETWORK. BOTH ACTIVITIES ARE OF SPECIFIC AND GENERAL PUBLIC BENEFIT. EXPENSES ARE PROFESSIONAL FEES PAYABLE TO MONIDA HEALTHCARE NETWORK FOR MONIDA STAFF TIME BY EMPLOYEES PERFORMING PEER REVIEW SERVICES.

Program 3

Expenses: $13,318 Revenue: $105,415

MRI MANAGEMENT - MHNR PROVIDES MANAGEMENT SERVICES TO MONIDA SHARED IMAGING, LLC, WHICH OWNS AND OPERATES A MOBILE MRI UNIT THAT IS USED EXCLUSIVELY BY NOT-FOR-PROFIT HOSPITALS WITHIN AND WITHOUT THE NETWORK. THIS ACTIVITY IS OF GENERAL PUBLIC BENEFIT AS IT REDUCES OPERATING COSTS TO HOSPITALS. EXPENSES ARE PROFESSIONAL FEES CHARGED ON AN HOURLY BASIS BASED ON PROFESSIONAL RATES ADOPTED BY MHN.

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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 $803,382

Investment Income $8,506

Other Revenue $0

TOTAL REVENUE $811,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,350

Fundraising Expenses $0

Program Expenses $758,684

Other Expenses $716,867

TOTAL EXPENSES $816,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$811,888	$495,376	+0.6%
Expenses	$816,217	$621,792	+0.3%
Net Income	$-4,329	$-126,416	-1.0%

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

N/A

Volunteers

N/A

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

$99,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARA HARROP MD	BOARD MEMBER	2.00	Director	$99,350	$0	$99,350
TAYLOR ROSE	SEC/TREASURER	2.00	Officer Director	$0	$0	$0
GREGORY DRAPES	CEO/PRESIDENT	2.00	Officer Director	$0	$0	$0
CARLA NEIMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH FAABORG	BOARD MEMBER	2.00	Director	$0	$0	$0

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
2024	$811,888	$816,217	$1,324,734	$-4,329
2023	$495,376	$621,792	$994,406	$-126,416
2022	$405,606	$515,503	$834,564	$-109,897
2021	$453,559	$577,920	$644,886	$-124,361
2020	$418,566	$466,413	$869,862	$-47,847
2019	$619,645	$684,142	$958,658	$-64,497
2018	$496,867	$652,079	$1,094,705	$-155,212