CLOQUET COMMUNITY MEMORIAL HOSPITAL FOUNDATION

EIN: 363588501 501(c)(3) Health Care

CLOQUET, MN

Total Revenue
$386,678
Total Expenses
$275,838
Total Assets
$1,766,056
Net Assets
$1,766,056
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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
MN
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

Program Service Accomplishments

Program 1
Expenses: $161,659

OUR EARNINGS FROM FUNDRAISING EVENTS AND INVESTMENT INCOME ARE DISTRIBUTED TO THE COMMUNITY MEMORIAL HOSPITAL ASSOCIATION TO PROVIDE EQUIPMENT THAT IS NOT IN THEIR ANNUAL BUDGET. THE HOSPITAL UTLIZES...

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OUR EARNINGS FROM FUNDRAISING EVENTS AND INVESTMENT INCOME ARE DISTRIBUTED TO THE COMMUNITY MEMORIAL HOSPITAL ASSOCIATION TO PROVIDE EQUIPMENT THAT IS NOT IN THEIR ANNUAL BUDGET. THE HOSPITAL UTLIZES THIS EQUIPMENT TO PROVIDE ADDITIONAL HEALTHCARE SERVICES FOR THE COMMUNITY

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
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
4
$86,857
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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