CLOQUET COMMUNITY MEMORIAL HOSPITAL FOUNDATION (EIN 363588501) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

BEKKI BABINEAU

Phone

2188787652

Tax Period

2024-09-01 to 2025-08-31

CLOQUET COMMUNITY MEMORIAL HOSPITAL FOUNDATION, founded in 1987, is a small nonprofit in the Health Care sector that reported $387K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 29% operating margin.

Mission

TO HELP IMPLEMENT HEALTH CARE IN CARLTON COUNTY THROUGH THE COMMUNITY MEMORIAL HOSPITAL ASSOCIATION

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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 $295,566

Program Service Revenue $0

Investment Income $66,513

Other Revenue $24,599

TOTAL REVENUE $386,678

Expense Breakdown

Grants Paid $161,659

Salaries & Benefits $86,857

Fundraising Expenses $59,802

Program Expenses $161,659

Other Expenses $27,322

TOTAL EXPENSES $275,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$386,678	$289,748	+0.3%
Expenses	$275,838	$243,384	+0.1%
Net Income	$110,840	$46,364	+1.4%

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

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

$86,857

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEKKI BABINEAU	EXECUTIVE DI	40.00	Officer	$86,857	$0	$86,857
JAKE BAKER	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICK BREUER	CMH REP -NON	N/A	Director	$0	$0	$0
KELLY KENDLE	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
MARK LANIGAN	SEC/TREASURE	N/A	Officer Director	$0	$0	$0
DR DAN PALMQUIST	DIRECTOR-NON	N/A	Director	$0	$0	$0
HOLLY PETERSON	DIRECTOR	N/A	Director	$0	$0	$0
HOLLY PETERSON	DIRECTOR	N/A	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
2025	$386,678	$275,838	$1,766,056	$110,840
2024	$289,748	$243,384	$1,521,700	$46,364
2023	$277,395	$160,138	$1,320,572	$117,257
2022	$256,011	$228,493	$1,204,627	$27,518
2021	$384,511	$118,695	$1,361,405	$265,816
2020	$259,937	$111,628	$1,123,258	$148,309
2019	$180,888	$115,708	$970,252	$65,180
2018	$164,603	$150,885	$905,072	$13,718

CLOQUET COMMUNITY MEMORIAL HOSPITAL FOUNDATION