Central Minnesota Diagnostic Inc

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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

1986

Legal Domicile

Phone

3209836300

Tax Period

2024-01-01 to 2024-12-31

Central Minnesota Diagnostic Inc, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $53.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $18.1M, a strong 34% operating margin.

Mission

To provide diagnostic services to certain Section 501(c)(3) hospital organizations engaging in healthcare activities.

Program Service Accomplishments

Program 1

Expenses: $33,873,508 Revenue: $52,515,962

To provide services listed in Section 501(e) of the code, primarily diagnostic imaging services, to certain section 501(c) (3) hospital organizations engaging in healthcare activities. In 2024 the...

To provide services listed in Section 501(e) of the code, primarily diagnostic imaging services, to certain section 501(c) (3) hospital organizations engaging in healthcare activities. In 2024 the organization provided in excess of 450,000 scans between ultrasound, mammography, CT, nuclear medicine, bone densitometry, and MRI services across its 85 member hospitals. In 2024 CMDI placed 38 new pieces of diagnostic imaging equipment across its member hospitals.

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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 $52,515,962

Investment Income $812,865

Other Revenue $0

TOTAL REVENUE $53,328,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,873,508

Other Expenses $35,265,220

TOTAL EXPENSES $35,265,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,328,827	$48,716,406	+0.1%
Expenses	$35,265,220	$32,789,929	+0.1%
Net Income	$18,063,607	$15,926,477	+0.1%

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

$628,128

Total Directors

$658,456

Key Employees

$232,693

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Randy Ulseth	Chair	0.5	Officer Director	$0	$0	$0
Rick Breuer	Vice Chair	0.5	Officer Director	$0	$0	$0
Adam Paulson	DIRECTOR	0.5	Director	$0	$0	$0
Amanda Reed	Director, New Jan 2023	0.5	Director	$0	$0	$0
Amy Hart	Director	0.5	Director	$0	$0	$0
Ben Davis	DIRECTOR	0.5	Director	$0	$0	$0
Ben Koppelman	Director	0.5	Director	$0	$0	$0
Brad Burris	Director	0.5	Director	$0	$0	$0
Carrie Allex	Director	0.5	Director	$0	$0	$0
Chelsie Falk	Director	0.5	Director	$0	$0	$0
Chuck Hofius	Director	0.5	Director	$0	$0	$0
Craig Henneman	Director	0.5	Director	$0	$0	$0
Dara Bartels	DIRECTOR	0.5	Director	$0	$0	$0
Dave Nelson	Director	0.5	Director	$0	$0	$0
Dr Allan Ross	DIRECTOR	0.5	Director	$0	$0	$0
Eilidh Pederson	DIRECTOR	0.5	Director	$0	$0	$0
Gordy Lewis	Director	0.5	Director	$0	$0	$0
Jason Petik	DIRECTOR	0.5	Director	$0	$0	$0
Jean MacDonell	Director	0.5	Director	$0	$89,766	$658,456
Jenn Tschida	DIRECTOR	0.5	Director	$0	$0	$0
Jim Lyons	Director	0.5	Director	$0	$0	$0
Joel Beiswenger	Director	0.5	Director	$0	$0	$0
Jose Alba	Director	0.5	Director	$0	$0	$0
Ken Westman	Director	0.5	Director	$0	$0	$0
Kirk Stensrud	Director	0.5	Director	$0	$0	$0
Lisa Bjerga	Director, new May 2023	0.5	Director	$0	$0	$0
Mary Ellen Wells	DIRECTOR	0.5	Director	$0	$0	$0
Melisa McGinity-Thompson	Director, New Jan 2023	0.5	Director	$0	$0	$0
Michael Coyle	Director	0.5	Director	$0	$0	$0
Nathan Hough	DIRECTOR	0.5	Director	$0	$0	$0
Nathan Pulscher	DIRECTOR	0.5	Director	$0	$0	$0
Rick Ash	Director	0.5	Director	$0	$0	$0
Rob Cunningham	Director	0.5	Director	$0	$0	$0
Robb Pastor	Director	0.5	Director	$0	$0	$0
Sam Barney	DIRECTOR	0.5	Director	$0	$0	$0
Shelby Medina	Director	0.5	Director	$0	$0	$0
Steve Smith	Director	0.5	Director	$0	$0	$0
Teresa Debevec	Director	0.5	Director	$0	$0	$0
Terry Anderson	DIRECTOR	0.5	Director	$0	$0	$0
Treg Vyzourek	DIRECTOR	0.5	Director	$0	$0	$0
Trina Lower	Director	0.5	Director	$0	$0	$0
Chad Cooper	President	40.0	Officer	$0	$108,284	$628,128
Caity Eggen	VP	40.0	Key Emp	$0	$31,709	$232,693
Brent Heemstra	MRI Tech	40.0	Highest	$0	$29,470	$168,324
Holly Carter	Business Development Managet	40.0	Highest	$0	$7,408	$160,634
Jered Nyquist	MRI Tech	40.0	Highest	$0	$16,421	$184,055
Shana Benson	Ultrasound Supervisor	40.0	Highest	$0	$18,455	$206,582
Spencer Feldt	Nuc Medicine Supervisor	40.0	Highest	$0	$7,935	$172,008

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	$53,328,827	$35,265,220	$66,364,313	$18,063,607
2023	$48,625,864	$32,789,933	$62,242,191	$15,835,931
2022	$44,581,584	$30,817,865	$55,290,013	$13,763,719
2021	$45,244,775	$29,316,207	$54,188,890	$15,928,568
2020	$37,906,264	$26,739,967	$51,647,515	$11,166,297
2019	$40,552,763	$28,132,422	$51,063,514	$12,420,341
2018	$39,625,719	$28,256,651	$47,088,276	$11,369,068