HOLLAND COMMUNITY HOSPITAL AUTHORITY SELF-INSURANCE TRUST FUND

EIN: 386389385 501(c)(3) Mutual Benefit

HOLLAND, MI

Total Revenue
$3,546,694
Total Expenses
$19,354
Total Assets
$26,405,472
Net Assets
$26,405,472
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
MI
Principal Officer
ALEXANDER ROEHLING
Phone
6163925141
Tax Period
2024-01-01 to 2024-12-31

HOLLAND COMMUNITY HOSPITAL AUTHORITY SELF-INSURANCE TRUST FUND, founded in 1979, is a community nonprofit in the Mutual Benefit sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 569% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 99% operating margin.

Mission

THE ORGANIZATION PROVIDES FOR PAYMENT OF MALPRACTICE AND GENERAL HOSPITAL PATIENT LIABILITY CLAIMS FOR HOLLAND COMMUNITY HOSPITAL.

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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 $0
Program Service Revenue $0
Investment Income $3,546,694
Other Revenue $0
TOTAL REVENUE $3,546,694

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,354
Fundraising Expenses $0
Program Expenses $19,354
Other Expenses $0
TOTAL EXPENSES $19,354

Year-over-Year Comparison

2024 2023 Change
Revenue $3,546,694 $530,136 +5.7%
Expenses $19,354 $22,379 -0.1%
Net Income $3,527,340 $507,757 +5.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
11
Employees
N/A
Volunteers
12

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
5
$2,449,471
Total Directors
14
$2,050,990
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALE SOWDERS TRUSTEE-FULL YEAR, CEO-PART YEAR 1.00
Officer Director
$0 $16,118 $437,794
PATTI VANDORT CEO 1.00
Officer Director
$0 $17,519 $1,496,063
GREG CHRISTIE SECRETARY 1.00
Officer Director
$0 $0 $0
SHELLY MACIEJEWSKI CHAIR 1.00
Officer Director
$0 $0 $0
GWEN AUWERDA TRUSTEE 1.00
Director
$0 $0 $0
LESLIE BROWN TRUSTEE 1.00
Director
$0 $0 $0
BARBARA DEPREE MD TRUSTEE FULL-YEAR, PHYSICIAN PART-YEAR 1.00
Director
$0 $12,602 $117,133
KEN FILIPPINI TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL HILL TRUSTEE 1.00
Director
$0 $0 $0
DOUG HOEY TRUSTEE 1.00
Director
$0 $0 $0
HAANS MULDER TRUSTEE 1.00
Director
$0 $0 $0
MIKE NOVAKOSKI TRUSTEE 1.00
Director
$0 $0 $0
JODI OWCZARSKI TRUSTEE 1.00
Director
$0 $0 $0
CARA WILKINSON TRUSTEE 1.00
Director
$0 $0 $0
N/A TRUSTEE 1.00
$19,354 $0 $19,354
ALEX ROEHLING VP, FINANCE & CFO 1.00
Officer
$0 $10,663 $515,614
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
2024 $3,546,694 $19,354 $26,405,472 $3,527,340
2023 $530,136 $22,379 $23,675,371 $507,757
2022 $1,511,439 $24,482 $20,625,813 $1,486,957
2021 $1,839,643 $36,605 $22,604,518 $1,803,038
2020 $386,980 $31,421 $20,103,539 $355,559
2019 $481,562 $802,887 $18,054,103 $-321,325
2018 $610,896 $35,335 $15,871,778 $575,561
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