HOLLAND COMMUNITY HOSPITAL AUTHORI… - Form 990 Financial Data

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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

1979

Legal Domicile

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

TO CONTINUALLY IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE IN THE SPIRIT OF HOPE, COMPASSION, RESPECT AND DIGNITY.

Program Service Accomplishments

Program 1

Expenses: $19,354

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%)

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

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

N/A

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

$2,449,471

Total Directors

$2,050,990

Key Employees

Highest Compensated

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

HOLLAND COMMUNITY HOSPITAL AUTHORITY SELF-INSURANCE TRUST FUND