South Bend, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Ascension Borgess Allegan Hospital, founded in 1944, is a mid-sized nonprofit in the Health Care sector that reported $32.9M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $31.5M left a modest 4% surplus.
ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.
The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to...
The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most. ASCENSION BORGESS ALLEGAN HOSPITAL IS A 25-BED HOSPITAL CAMPUS PROVIDING SERVICES WITHOUT REGARD TO PATIENT RACE, CREED, NATIONAL ORIGIN, ECONOMIC STATUS, OR ABILITY TO PAY. DURING FISCAL YEAR 2025, ASCENSION BORGESS ALLEGAN HOSPITAL TREATED 253 ADULTS AND CHILDREN FOR A TOTAL OF 775 PATIENT DAYS OF SERVICE. THE HOSPITAL ALSO PROVIDED SERVICES FOR 39,112 OUTPATIENT VISITS, WHICH INCLUDED 140 OUTPATIENT SURGERIES AND 8,306 EMERGENCY ROOM VISITS. SEE SCHEDULE H FOR A NON-EXHAUSTIVE LIST OF COMMUNITY BENEFIT PROGRAMS AND DESCRIPTIONS.
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 | $32,916,332 | $40,215,867 | -0.2% |
| Expenses | $31,451,977 | $40,078,708 | -0.2% |
| Net Income | $1,464,355 | $137,159 | +9.7% |
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 |
|---|---|---|---|---|---|---|
| CAROL L SCHMIDT | MINISTRY MARKET EXECUTIVE/PRESIDENT (END 9/2024) | 0.0 |
Officer
Director
|
$0 | $45,856 | $2,826,319 |
| CHARLES BURLING DDS | VICE CHAIR (START 10/2024) | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| DEAN DOUGLAS KINDLER MD | EX-OFFICIO/PRESIDENT (START 10/2024) | 0.0 |
Officer
Director
|
$0 | $60,385 | $866,856 |
| JAMES BOLES MD | SECRETARY/TREASURER (END 9/2024) | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| JONI KNAPPER | CHAIR (START 10/2024) | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| LESLIE A MURPHY CPA | CHAIR (END 9/2024) | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| MARY ELLEN GONDECK SSJ | SECRETARY/TREASURER (START 10/2024) | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| RENEE BRANCH CANADY | VICE CHAIR (END 9/2024) | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| AVEC O'BRIEN | DIRECTOR (END 9/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| DAVID SAUNDERS | DIRECTOR (END 9/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| JAMES BAILEY BABEL MD | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $12,056 |
| JASON BURCHARDT MD | DIRECTOR (START 10/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| JEFFERY ZAKS | DIRECTOR (END 9/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| JIM CONNELL DVM | DIRECTOR (START 10/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| KENNETH STREIBEL | DIRECTOR (END 9/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| PHYLLIS D MEADOWS | DIRECTOR (END 9/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| SUSAN POZO | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| TIM DICKINSON MD | DIRECTOR (START 10/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| JULIE P ROKNICH | ASSISTANT SECRETARY (START 10/2024) | 0.0 |
Officer
|
$0 | $38,100 | $431,255 |
| MICHAEL MCCULLOUGH | CFO, MINISTRY MARKET | 0.0 |
Officer
|
$0 | $46,446 | $1,146,026 |
| LOUIS THEODORE PRAAMSMA MD | PHYSICIAN | 50.0 |
Highest
|
$313,440 | $49,103 | $362,543 |
| MADIHA FARHAT MD | PHYSICIAN | 50.0 |
Highest
|
$355,552 | $34,906 | $390,458 |
| RACHEL ANNE VANDENBRINK DO | PHYSICIAN | 50.0 |
Highest
|
$325,727 | $46,402 | $372,129 |
| SARA LYNN FRANZEN MD | PHYSICIAN | 50.0 |
Highest
|
$307,120 | $21,670 | $328,790 |
| WILLIAM SIKES APRN | APRN | 50.0 |
Highest
|
$231,932 | $24,725 | $256,657 |
| DOUGLAS TODD MYERS | FORMER OFFICER (END 3/2023) | 0.0 |
|
$0 | $0 | $383,721 |
| JONATHAN SAMUEL NALLI FACHE | FORMER OFFICER (END 12/2022) | 0.0 |
|
$0 | $6,250 | $949,654 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $32,916,332 | $31,451,977 | $16,176,662 | $1,464,355 |
| 2024 | No data | No data | No data | No data |
| 2023 | $42,705,200 | $40,152,856 | $29,745,005 | $2,552,344 |
| 2022 | $42,719,910 | $43,553,250 | $27,974,212 | $-833,340 |
| 2021 | $39,637,859 | $47,236,616 | $32,866,970 | $-7,598,757 |
| 2018 | $49,114,015 | $50,214,369 | $21,761,281 | $-1,100,354 |
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