FAULKTON AREA MEDICAL CENTER

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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

1952

Legal Domicile

Principal Officer

HEATHER BODE

Phone

6055986262

Tax Period

2024-01-01 to 2024-12-31

FAULKTON AREA MEDICAL CENTER, founded in 1952, is a mid-sized nonprofit in the Health Care sector that reported $12.0M in total revenue in fiscal year 2024.

Mission

THE GOAL OF FAMC IS TO PROVIDE THE APPROPRIATE LEVEL OF HEALTH CARE ON THE CONTINUUM, FROM CLINIC AND OUTPATIENT/OUTREACH CARE, EMERGENCY CARE, ROUTINE INPATIENT CARE, SKILLED SWING-BED, AND INTERMEDIATE SWING-BED. FAMC IS DEDICATED TO BEST SERVING THE MEDICAL NEEDS OF THE COMMUNITY WITH THE RESOURCES AVAILABLE TO THE FACILITY.

Program Service Accomplishments

Program 1

Expenses: $10,047,779 Revenue: $11,867,920

FAULKTON AREA MEDICAL CENTER (FAMC) OPERATES A 12-BED CRITICAL ACCESS HOSPITAL AND RURAL HEALTH CLINIC IN FAULKTON, SOUTH DAKOTA. IN FISCAL YEAR 2024, FAMC HAD 138 ACUTE ADMISSIONS AND 49 SWINGBED...

FAULKTON AREA MEDICAL CENTER (FAMC) OPERATES A 12-BED CRITICAL ACCESS HOSPITAL AND RURAL HEALTH CLINIC IN FAULKTON, SOUTH DAKOTA. IN FISCAL YEAR 2024, FAMC HAD 138 ACUTE ADMISSIONS AND 49 SWINGBED ADMISSIONS, WITH 398 AND 323 PATIENT DAYS, RESPECTIVELY. THE FAMC RURAL HEALTH CLINIC HAD 6,389 CLINIC VISITS IN THE FISCAL YEAR.

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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 $82,084

Program Service Revenue $11,867,920

Investment Income $35,607

Other Revenue $5,350

TOTAL REVENUE $11,990,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,484,280

Fundraising Expenses $0

Program Expenses $10,047,779

Other Expenses $4,729,141

TOTAL EXPENSES $12,213,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,990,961	$11,431,178	+0.0%
Expenses	$12,213,421	$11,818,573	+0.0%
Net Income	$-222,460	$-387,395	-0.4%

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

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

$368,829

Total Directors

$316,917

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SYLVIA ANDERSON	DIRECTOR; PHYSICIAN	24.00	Director	$257,231	$59,686	$316,917
JESSECA KAST	CNP	40.00	Highest	$151,912	$47,892	$199,804
HEATHER BODE	CEO	40.00	Officer	$186,022	$11,867	$197,889
TIM QUINN	PHYSICIAN ASSISTANT	40.00	Highest	$165,132	$10,331	$175,463
PAULA WINTHER	PHARMACIST	40.00	Highest	$149,076	$24,465	$173,541
SUSAN MILLER	CFO	40.00	Officer	$146,772	$24,168	$170,940
JENNIFER BAUER	PHYSICAL THERAPIST	40.00	Highest	$138,210	$24,205	$162,415
JEAN MITCHELL	OCCUPATIONAL THERAPIST	40.00	Highest	$132,226	$23,317	$155,543
RYAN MELIUS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JAMES SLUNECKA	DIR./VICE CHAIRPERSON FROM 03/2024	1.00	Officer Director	$0	$0	$0
JAMI HUSS	DIRECTOR/SEC-TREAS. FROM 03/2024	1.00	Officer Director	$0	$0	$0
GENE HOLT	VICE CHAIRPERSON/DIR. FROM 03/2024	1.00	Officer Director	$0	$0	$0
BEVERLY FISCHER	SECRETARY/TREASURER UNTIL 03/2024	1.00	Officer Director	$0	$0	$0
JOHN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
CATHY FRISKO-HOLSING	DIRECTOR FROM 03/2024	1.00	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	$11,990,961	$12,213,421	$13,109,051	$-222,460
2023	$11,431,178	$11,818,573	$13,768,285	$-387,395
2022	$11,088,064	$11,325,084	$13,290,338	$-237,020
2021	$14,237,966	$11,241,065	$14,342,591	$2,996,901
2020	$13,322,746	$11,117,673	$18,225,239	$2,205,073
2019	$10,414,734	$10,697,631	$10,590,209	$-282,897