BRAINERD MEDICAL CENTER INC (EIN 371532148) - 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

2006

Legal Domicile

Principal Officer

SANDY ZUTZ-WICZEK

Phone

2188282880

Tax Period

2024-07-01 to 2025-06-30

BRAINERD MEDICAL CENTER INC, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $37.3M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES.

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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 $36,867,593

Investment Income $0

Other Revenue $466,483

TOTAL REVENUE $37,334,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,678,520

Fundraising Expenses $0

Program Expenses $35,577,251

Other Expenses $26,746,250

TOTAL EXPENSES $39,424,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,334,076	$30,493,022	+0.2%
Expenses	$39,424,770	$33,802,179	+0.2%
Net Income	$-2,090,694	$-3,309,157	-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

206

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

$3,174,621

Total Directors

$965,901

Key Employees

$1,177,070

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL KROLL MD	PHYSICIAN	60.00	Highest	$1,367,097	$69,428	$1,436,525
ABY PHILIP MD	PHYSICIAN & SECTION CHAIR	60.00	Highest	$1,210,909	$70,423	$1,281,332
JOHNATHAN VALESANO MD	PHYSICIAN	60.00	Highest	$1,159,734	$68,831	$1,228,565
ROBERT POSCH MD	PHYSICIAN	60.00	Highest	$1,163,582	$60,317	$1,223,899
TRACI MORRIS	TREASURER/REL ORG CHIEF FINCL OFF	1.00	Officer	$0	$144,686	$1,199,416
AMY LELWICA MD	PHYSICIAN & SECTION CHAIR	60.00	Highest	$1,019,710	$62,411	$1,082,121
MICHAEL WATTERS	SECRETARY/REL ORG CHIEF LEGAL OFF	1.00	Officer	$0	$151,399	$924,527
KEVIN CASEY MD	FORMER CHIEF MEDICAL OFFICER	0.00		$0	$0	$817,015
KEVIN BOREN	VICE PRESIDENT, FINANCE	1.00	Officer	$0	$123,808	$678,621
TROY DUININCK MD	BD DIRECTOR/PHYSICIAN & DIV CHAIR	58.90	Director	$541,906	$69,761	$617,667
TODD DEFREECE	SENIOR VICE PRESIDENT, OPERATIONS	1.00	Key Emp	$0	$117,001	$529,660
SARA LOKSTAD MD	ASSOCIATE CHIEF MEDICAL OFFICER	1.00	Key Emp	$337,545	$22,951	$360,496
SANDY ZUTZ-WICZEK	ADMINISTRATOR	59.00	Officer	$295,750	$56,507	$352,257
JAN BALDWIN MD	BOARD DIRECTOR/RELATED ORG PHYSICIAN	0.10	Director	$0	$50,172	$308,234
MELISSA MCKAY	NURSING DIRECTOR III	1.00	Key Emp	$0	$50,303	$286,914
MICHAEL LARSON	FORMER SENIOR VP, OPERATIONS	0.00		$0	$0	$163,836
PETER HENRY MD	FORMER CHIEF MEDICAL OFFICER	60.00		$111,544	$8,922	$120,466
JOSEPH MIHALEK	BOARD CHAIR THRU 12/24	0.10	Officer Director	$0	$0	$7,800
THOMAS JAMAR	BOARD VICE CHAIR	0.10	Officer Director	$0	$0	$6,600
ALAN ROCK	BOARD DIRECTOR THRU 12/24	0.10	Director	$0	$0	$6,000
GEORGE LOBAN	BOARD DIRECTOR	0.10	Director	$0	$0	$5,600
ANTHONY SERTICH	BOARD CHAIR	0.10	Officer Director	$0	$0	$5,400
AMY BERGSTROM	BOARD DIRECTOR	0.10	Director	$0	$0	$5,000
ANTHONY YUNG	BOARD DIRECTOR	0.10	Director	$0	$0	$3,600
ADAM BACHAND	BOARD DIRECTOR	0.10	Director	$0	$0	$0
BECKY URBANSKI	BOARD DIRECTOR	0.10	Director	$0	$0	$0
NANCY ARONSON NORR	BOARD DIRECTOR	0.10	Director	$0	$0	$0
SISTER BEVERLY RAWAY	BOARD DIRECTOR	0.10	Director	$0	$0	$0
SISTER JEANNE ANN WEBER	BOARD DIRECTOR	0.10	Director	$0	$0	$0
SISTER THERESE CARSON	BOARD DIRECTOR THRU 12/24	0.10	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	$37,334,076	$39,424,770	$13,089,246	$-2,090,694
2024	No data	No data	No data	No data
2023	$24,840,788	$25,656,518	$12,435,820	$-815,730
2022	$22,574,414	$25,917,357	$11,980,938	$-3,342,943
2021	$21,017,319	$24,629,033	$11,101,269	$-3,611,714
2020	$19,240,809	$24,220,822	$11,062,349	$-4,980,013
2019	$15,528,380	$21,572,866	$11,588,113	$-6,044,486
2018	$15,065,527	$21,153,391	$11,037,447	$-6,087,864

BRAINERD MEDICAL CENTER INC