SIOUX FALLS, SD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTH DAKOTA ASSOCIATION OF HEALTHCARE ORGANIZATIONS HEALTHCARE RESEARCH EDUC, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 22% operating margin.
TO FACILITATE QUALITY AND CLINICAL EDUCATION PROGRAMS AND A WIDE VARIETY OF OTHER SERVICES SUCH AS WEB-BASED PROGRAMS, WEBINARS, GRANTS, TRAINING PRODUCTS AND PUBLICATIONS TO ASSIST HEALTH CARE PROVIDERS IN MEETING STATE AND FEDERAL REGULATIONS, MAINTAINING QUALITY DELIVERY OF PATIENT CARE AND IMPROVING HEALTH.
HEALTHCARE QUALITY INITIATIVES & PARTNERSHIPSTHE SDAHO RURAL HEALTH INITIATIVES DEPARTMENT OFFERS THE LATEST INFORMATION AND RESOURCES IN HEALTHCARE QUALITY TO OUR MEMBERS. OUR VISION IS TO BE THE...
HEALTHCARE QUALITY INITIATIVES & PARTNERSHIPSTHE SDAHO RURAL HEALTH INITIATIVES DEPARTMENT OFFERS THE LATEST INFORMATION AND RESOURCES IN HEALTHCARE QUALITY TO OUR MEMBERS. OUR VISION IS TO BE THE LEADING EXPERTS IN QUALITY WHICH SUPPORTS SDAHO'S MISSION OF ADVANCING HEALTHY COMMUNITIES THROUGH A UNIFIED VOICE ACROSS THE HEALTHCARE CONTINUUM. IN ORDER TO ACHIEVE THIS VISION, THE RURAL HEALTH INITIATIVES TEAM SEEKS OPPORTUNITIES FOR FUNDING AND COLLABORATION TO REACH OUR GOALS. THIS IS A ROBUST PROGRAM WITH STATE, LOCAL, AND FEDERAL PARTNERS INCLUDING: HRSA (HEALTH RESEARCH SERVICES ADMINISTRATION), SOUTH DAKOTA DEPARTMENT OF HEALTH, ASPR (ADMINISTRATION FOR STRATEGIC PARTNERSHIP & RESPONSE), UNIVERSITY OF SOUTH DAKOTA, AND THE SOUTH DAKOTA COMMUNITY FOUNDATION. PROGRAMS INCLUDE A FOCUS ON WORKFORCE DEVELOPMENT, OPIOID USE DISORDER IN THE EMERGENCY DEPARTMENT, PALLIATIVE CARE, EMERGENCY PREPAREDNESS, SEXUAL ASSAULT NURSE EXAMINER EDUCATION, AND EMERGENCY MEDICAL SERVICES (EMS). REVENUE FROM THE MAJORITY OF THESE PROGRAMS IS INCLUDED IN CONTRIBUTION REVENUE AND THEREFORE IS NOT REFLECTED AS PROGRAM SERVICE REVENUE.
SD FLEX - SOUTH DAKOTA OFFICE OF RURAL HEALTH MEDICARE RURAL HOSPITAL FLEXIBILITY SDAHO HRET CONTINUES THE CONTRACT WITH THE SOUTH DAKOTA OFFICE OF RURAL HEALTH (SD ORH) TO SUPPORT PROGRAMMATIC...
SD FLEX - SOUTH DAKOTA OFFICE OF RURAL HEALTH MEDICARE RURAL HOSPITAL FLEXIBILITY SDAHO HRET CONTINUES THE CONTRACT WITH THE SOUTH DAKOTA OFFICE OF RURAL HEALTH (SD ORH) TO SUPPORT PROGRAMMATIC, FINANCIAL, OPERATIONAL, AND QUALITY IMPROVEMENT FOR THE SOUTH DAKOTA MEDICARE RURAL HOSPITAL FLEXIBILITY (FLEX) PROGRAM. MEDICARE BENEFICIARY QUALITY IMPROVEMENT PROJECT (MBQIP) PROGRAM IS A QUALITY IMPROVEMENT ACTIVITY UNDER THE FLEX GRANT PROGRAM. CONTRACT TERMS: JUNE 1, 2023 TO MAY 31, 2024 AND JUNE 1, 2024 TO MAY 31, 2025
HOSPITAL DATASDAHO IS A CENTRAL LOCATION FOR MEMBERS AND THE PUBLIC TO REQUEST DATA RELATED TO HOSPITAL UTILIZATION, FINANCIAL PERFORMANCE, AND BALANCE SHEET. WE ARE A SOURCE OF COMPARABLE...
HOSPITAL DATASDAHO IS A CENTRAL LOCATION FOR MEMBERS AND THE PUBLIC TO REQUEST DATA RELATED TO HOSPITAL UTILIZATION, FINANCIAL PERFORMANCE, AND BALANCE SHEET. WE ARE A SOURCE OF COMPARABLE INFORMATION ON INPATIENT UTILIZATION, OUTPATIENT STATISTICS, CHARGES AND EXPENSES PER DAY AND PER STAY, UNCOLLECTED CHARGES, NUMBER OF DAYS IN ACCOUNTS RECEIVABLE GROSS, PROFITABILITY, AND FINANCIAL RATIOS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,221,088 | $842,519 | +0.4% |
| Expenses | $950,744 | $788,852 | +0.2% |
| Net Income | $270,344 | $53,667 | +4.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TIMOTHY RAVE | PRESIDENT/CEO | 1.00 |
Officer
Director
|
$0 | $70,632 | $516,452 |
| PAULETTE DAVIDSON | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| NICK FOSNESS | DIRECTOR - JOINED 9/2024 | 0.10 |
Director
|
$0 | $0 | $0 |
| JASON MERKLEY | DIRECTOR - LEFT 9/2024 | 0.10 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,221,088 | $950,744 | $1,112,321 | $270,344 |
| 2023 | $842,519 | $788,852 | $907,716 | $53,667 |
| 2022 | $789,926 | $655,597 | $895,372 | $134,329 |
| 2021 | $762,193 | $689,679 | $589,231 | $72,514 |
| 2020 | $2,193,981 | $2,292,825 | $484,759 | $-98,844 |
| 2019 | $833,854 | $690,606 | $552,363 | $143,248 |
| 2018 | $537,498 | $336,452 | $346,068 | $201,046 |
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