Fallon Medical Complex Inc

EIN: 363808993 501(c)(3)

Baker, MT

Total Revenue
$12,544,696
Total Expenses
$12,751,782
Total Assets
$21,792,738
Net Assets
$20,214,663
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MT
Principal Officer
David Espeland
Phone
4067783331
Tax Period
2024-07-01 to 2025-06-30

Fallon Medical Complex Inc, founded in 1991, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2024.

Mission

Fallon Medical Complex, in its innovative pursuit of Friends Healing Friends, provides comfort, compassion, and excellence in the promotion of quality of life to all individuals.

Program Service Accomplishments

Program 1
Expenses: $9,995,331 Revenue: $11,085,193

Fallon Medical Complex (FMC) provides quality health care regardless of race, creed, sex, national origin, handicap, age, or ability to pay. Although reimbursement for services rendered is critical...

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Fallon Medical Complex (FMC) provides quality health care regardless of race, creed, sex, national origin, handicap, age, or ability to pay. Although reimbursement for services rendered is critical to the operation of FMC, it is recognized that not all individuals possess the ability to purchase these essential services. It is FMC's mission to serve the surrounding area by providing health care services to all community members.FMC provides medical services to individuals who are determined unable to purchase such services through FMC's Financial Assistance policy and guidelines. In addition to free and/or subsidized care, services are also provided at below cost rates to persons covered by government programs. Recognizing its mission to the community, services are provided to both Medicare and Medicaid patients. The unreimbursed value of providing care to these patients, based on established rates is $88,000 for the year ended June 30, 2025. FMC's Critical Access Hospital provides 24 hour x 7 days a week Emergency Room services, observation, Acute Care, Swing Bed services and onsite ancillary lab and diagnostic imaging services. During fiscal year ended June 30, 2025, FMC provided over 185 days of hospital services, 6,674 days of swing bed care, 900 ER visits, and over 8,589 outpatient visits.

Program 2
Expenses: $1,092,619 Revenue: $890,508

FMC Community Clinic (Rural Health Clinic) operates under the same mission as FMC by providing family health care to over 3,917 patient visits per year. The three providers (one physician and two...

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FMC Community Clinic (Rural Health Clinic) operates under the same mission as FMC by providing family health care to over 3,917 patient visits per year. The three providers (one physician and two mid-levels) also provide ER coverage 24 hours, 7 days a week.

Program 3
Expenses: $16,500

One of FMC's operating philosophies states that education programs are necessary to enhance the competence of personnel in the healthcare system as well as to assist in the attainment of both...

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One of FMC's operating philosophies states that education programs are necessary to enhance the competence of personnel in the healthcare system as well as to assist in the attainment of both personal and organizational goals. To this end, not only does the organization routinely budget $30,000 or more in continuing education for its employees, it also provides job shadowing to area students (typically 3-5 students per year) who may be interested in a healthcare career, in addition to offering routine Certified Nursing Assistant training programs (to about 5-10 prospective aides per year). FMC also hosts numerous college students seeking careers as doctors, physician assistants, and various other disciplines, such as nursing, radiology, laboratory technology, and physical therapy. FMC further believes that it is its responsibility to take a leadership role in informing the public about healthcare subjects of relevance or interest through community education. This objective is supported through a number of channels, which includes routine "Lunch and Learn" sessions provided by medical professionals (about 6 times per year), weekly public service announcements on the local radio station, and an annual health fair which is attended by people from all over the service area.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $280,083
Program Service Revenue $11,975,701
Investment Income $280,730
Other Revenue $8,182
TOTAL REVENUE $12,544,696

Expense Breakdown

Grants Paid $69,132
Salaries & Benefits $4,690,872
Fundraising Expenses $0
Program Expenses $11,104,450
Other Expenses $7,991,778
TOTAL EXPENSES $12,751,782

Year-over-Year Comparison

2024 2023 Change
Revenue $12,544,696 $11,674,047 +0.1%
Expenses $12,751,782 $12,699,937 +0.0%
Net Income $-207,086 $-1,025,890 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
106
Volunteers
21

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
6
$336,627
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Curt Arnell President 0.50
Officer Director
$0 $0 $0
Erin Lutts Trustee (July-Dec)/VP (began Jan) 0.50
Officer Director
$0 $0 $0
Evelyn Neary Secretary/Treasurer 0.50
Officer Director
$0 $0 $0
David Kirschten VP (Jul-Oct) 0.50
Officer Director
$0 $0 $0
Dru Burke Trustee (began Nov) 0.50
Director
$0 $0 $0
Elaine Stanhope Trustee 0.50
Director
$0 $0 $0
Michele Gray Trustee 0.50
Director
$0 $0 $0
Delbert Espinosa Trustee 0.50
Director
$0 $0 $0
David Espeland CEO 40.00
Officer
$182,110 $32,959 $215,069
Marjorie Losing CFO 40.00
Officer
$113,021 $8,537 $121,558
Lacee Janz Lab Manager 40.00
Highest
$103,249 $17,253 $120,502
Michelle Smith Director of Nursing 40.00
Highest
$100,770 $28,046 $128,816
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 $12,544,696 $12,751,782 $21,792,738 $-207,086
2024 $11,674,047 $12,699,937 $21,381,644 $-1,025,890
2023 $10,523,804 $12,310,966 $21,940,603 $-1,787,162
2022 $11,768,523 $11,248,648 $24,617,884 $519,875
2021 $14,403,093 $10,946,311 $25,898,369 $3,456,782
2020 $12,082,679 $11,751,444 $25,565,031 $331,235
2019 $11,262,719 $10,698,290 $19,363,593 $564,429
2018 $11,254,465 $10,525,528 $18,158,773 $728,937
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