TRI-COUNTY MEMORIAL HOSPITAL INC (EIN 390704510) - 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

1937

Legal Domicile

Principal Officer

JONI OLSON

Phone

7155384361

Tax Period

2023-10-01 to 2024-09-30

TRI-COUNTY MEMORIAL HOSPITAL INC, founded in 1937, is a mid-sized nonprofit in the Health Care sector that reported $39.9M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $36.2M left a modest 9% surplus.

Mission

TOGETHER, WE INSPIRE YOUR BEST LIFE BY RELENTLESSLY CARING, LEARNING AND INNOVATING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $405,533

Program Service Revenue $39,327,868

Investment Income $63,117

Other Revenue $133,952

TOTAL REVENUE $39,930,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,777,085

Fundraising Expenses $0

Program Expenses $27,030,420

Other Expenses $18,435,114

TOTAL EXPENSES $36,212,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,930,470	$23,063,676	+0.7%
Expenses	$36,212,199	$25,990,107	+0.4%
Net Income	$3,718,271	$-2,926,431	-2.3%

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

287

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

$2,777,586

Total Directors

$1,397,512

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY BREIDENBACH MD	TRUSTEE/CHIEF OF STAFF	2.00	Officer Director	$0	$32,927	$381,329
DENNIS STEPHENSON	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
BETH LISOWSKI	VICE-CHAIRPERSON	2.00	Officer Director	$0	$0	$0
RON GUZA	TREASURER	2.00	Officer Director	$0	$0	$0
KATHY KLOCK	SECRETARY	2.00	Officer Director	$0	$0	$0
VICKIE BAKALARS	TRUSTEE	2.00	Director	$0	$46,248	$197,651
MARILU BINTZ MD	TRUSTEE/MED VP GHS	2.00	Director	$0	$53,893	$593,038
MARLYS KOLSTAD	TRUSTEE	2.00	Director	$0	$0	$0
RANDY LUBAHN	TRUSTEE	2.00	Director	$0	$46,644	$225,494
SCOTT RATHGABER	CEO-BGHS	2.00	Officer	$0	$68,728	$1,712,949
STEVE LITTLE	CFO-BGHS (THRU 02/2024)	2.00	Officer	$0	$0	$333,317
JONI OLSON	ADMINISTRATOR	2.00	Officer	$0	$30,583	$248,846
KRISTY MILLERING	FINANCE ADMINISTRATOR	48.00	Officer	$0	$15,425	$101,145
JOHN CEELEN	CFO-BGHS (BEG. 02/2024)	2.00	Officer	$0	$0	$0
GANESH RAM	PHYSICIAN ASSISTANT	50.00	Highest	$198,991	$10,214	$209,205
KATHELEEN CAIN	PHARMACY MANAGER	50.00	Highest	$201,801	$25,307	$227,108
MARK ZELLMER	PHYSICIAN ASSISTANT	40.00	Highest	$167,711	$32,294	$200,005
JASMINE ROLKEDAHL	REGISTERED NURSE	40.00	Highest	$160,676	$30,159	$190,835
CARLA SENDELBACH	REGISTERED NURSE	40.00	Highest	$137,245	$28,588	$165,833
GERALD OETZEL	FORMER CFO-BGHS	0.00		$0	$18,108	$573,176

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	$39,930,470	$36,212,199	$67,930,969	$3,718,271
2023	$23,063,676	$25,990,107	$67,183,698	$-2,926,431
2022	$29,553,088	$26,987,290	$64,126,230	$2,565,798
2021	$29,436,157	$25,191,360	$24,193,413	$4,244,797
2020	$28,127,372	$24,102,532	$22,954,738	$4,024,840
2019	$25,244,491	$22,855,487	$13,311,869	$2,389,004
2018	$23,234,591	$22,187,307	$12,004,176	$1,047,284

TRI-COUNTY MEMORIAL HOSPITAL INC