TRI-COUNTY MEMORIAL HOSPITAL INC

EIN: 390704510 501(c)(3) Health Care

WHITEHALL, WI

Total Revenue
$39,930,470
Total Expenses
$36,212,199
Total Assets
$67,930,969
Net Assets
$20,925,587
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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
WI
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.

Program Service Accomplishments

Program 1
Expenses: $26,540,069 Revenue: $38,890,054

TRI-COUNTY MEMORIAL HOSPITAL, INC. ("TRI-COUNTY") PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY HEALTH CARE SERVICES AND OTHER FINANCIAL SUPPORT THROUGH VARIOUS PROGRAMS THAT ARE DESIGNED, AMONG...

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TRI-COUNTY MEMORIAL HOSPITAL, INC. ("TRI-COUNTY") PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY HEALTH CARE SERVICES AND OTHER FINANCIAL SUPPORT THROUGH VARIOUS PROGRAMS THAT ARE DESIGNED, AMONG OTHER MATTERS, TO ENHANCE THE HEALTH OF THE COMMUNITY INCLUDING THE HEALTH OF LOW-INCOME PATIENTS. THE ORGANIZATION OPERATES A CRITICAL ACCESS HOSPITAL AND PROVIDES INPATIENT ACUTE CARE AND SWING BED SERVICES, ALONG WITH AN EMERGENCY DEPARTMENT, WHICH IS OPEN TWENTY-FOUR HOURS PER DAY, AND OTHER OUTPATIENT SERVICES. VISITING SPECIALISTS FROM AN AFFILIATED ORGANIZATION, GUNDERSEN CLINIC, LTD., PERFORM OUTPATIENT GASTROENTEROLOGY, ORTHOPEDIC, AND OPHTHALMIC SURGICAL PROCEDURES AT THE FACILITY AS WELL. TRI-COUNTY ALSO OPERATES AN ASSISTED LIVING FACILITY, THREE RURAL HEALTH CLINICS, AND AN AMBULANCE SERVICE. THE CRITICAL ACCESS HOSPITAL HAD 556 INPATIENT ACUTE DAYS, 109 RESPITE DAYS, 3915 SWING BED DAYS, 713 SURGICAL OPERATIONS, AND 7695 ER VISITS IN THE PERIOD OCTOBER 1 THROUGH SEPTEMBER 30, 2024.CONSISTENT WITH THE MISSION OF TRI-COUNTY, CARE IS PROVIDED TO PATIENTS REGARDLESS OF THEIR ABILITY TO PAY, INCLUDING PROVIDING SERVICES TO THOSE PERSONS WHO ARE EITHER UNDERINSURED OR CANNOT AFFORD HEALTH INSURANCE BECAUSE OF INADEQUATE RESOURCES. HEALTH CARE SERVICES TO PATIENTS UNDER GOVERNMENT PROGRAMS, SUCH AS MEDICAID HOSPITAL SERVICES, ARE ALSO CONSIDERED PART OF TRI-COUNTY'S BENEFIT PROVIDED TO THE COMMUNITY, SINCE A SUBSTANTIAL PORTION OF SUCH SERVICES ARE REIMBURSED AT AMOUNTS LESS THAN THE COSTS OF PROVIDING CARE.PATIENTS WHO MEET CERTAIN CRITERIA FOR CHARITY CARE, GENERALLY BASED ON FEDERAL POVERTY GUIDELINES, ARE PROVIDED CARE AT A SIGNIFICANTLY REDUCED RATE, DETERMINED BASED ON QUALIFYING CRITERIA AS DEFINED IN TRI-COUNTY'S CHARITY CARE POLICY, AND FROM APPLICATIONS COMPLETED BY PATIENTS AND THEIR FAMILIES. THE AMOUNT OF HOSPITAL AND CLINIC CHARGES FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER THIS POLICY DURING 2024 TOTALED $588,446. IN ADDITION, DISCOUNTS TO THE MEDICAID PROGRAM FOR HOSPITAL AND CLINIC SERVICES AMOUNTED TO $4,496,639.BENEFITS FOR SERVING THE COMMUNITY ALSO INCLUDE UNPAID COSTS OF TREATING THE ELDERLY, HEALTH SCREENINGS, COMMUNITY EDUCATION THROUGH SEMINARS AND CLASSES, AND OTHER HEALTH-RELATED SERVICES.

Program 2
Expenses: $490,351 Revenue: $437,814

TRI-COUNTY ALSO OPERATES AN ASSISTED LIVING FACILITY LOCATED DIRECTLY EAST ACROSS THE STREET OF TRI-COUNTY HOSPITAL. THIS CARE IS PROVIDED TO RESIDENTS IN AN EFFORT BY TRI-COUNTY TO PROVIDE A...

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TRI-COUNTY ALSO OPERATES AN ASSISTED LIVING FACILITY LOCATED DIRECTLY EAST ACROSS THE STREET OF TRI-COUNTY HOSPITAL. THIS CARE IS PROVIDED TO RESIDENTS IN AN EFFORT BY TRI-COUNTY TO PROVIDE A CONTINUUM OF CARE FOR PATIENTS OF THE SURROUNDING COMMUNITIES. SERVICES OFFERED AND PROVIDED TO RESIDENTS INCLUDE ASSISTANCE WITH THE ACTIVITIES OF DAILY LIVING, MEAL PREPARATION, LAUNDRY SERVICES, APARTMENT MAINTENANCE SERVICES, DAILY RECREATIONAL ACTIVITIES, AMONG MANY SERVICE OFFERINGS. RESIDENTS OF THE ASSISTED LIVING FACILITY ALSO HAVE ACCESS TO NURSING STAFF IN THE EVENT OF AN EMERGENCY TWENTY-FOUR HOURS A DAY PROVIDED BY TRI-COUNTY'S NURSING SERVICES STAFF. SOME OF THE RESIDENTS SERVED ARE LOW-INCOME PATIENTS, WHICH ARE SUBSIDIZED THROUGH THE WISCONSIN FAMILY CARE PROGRAM, WHICH OFTEN REIMBURSES TRI-COUNTY AT COST OR BELOW THE TRUE COST OF CARING FOR THESE RESIDENTS. DESPITE RECEIVING REIMBURSEMENT AT AMOUNTS BELOW COST, TRI-COUNTY CONTINUES THIS SERVICE AS IT FURTHERS ITS MISSION IN THE COMMUNITY.

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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 (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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Governance

Voting Members
9
Independent Members
6
Employees
287
Volunteers
11

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
10
$2,777,586
Total Directors
9
$1,397,512
Key Employees
0
$0
Highest Compensated
5
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
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