Tomah Memorial Hospital (EIN 390799566) - 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

1948

Legal Domicile

Principal Officer

Derek Daly

Phone

6083722181

Tax Period

2023-10-01 to 2024-09-30

Tomah Memorial Hospital, founded in 1948, is a mid-sized nonprofit in the Health Care sector that reported $92.9M in total revenue in fiscal year 2023. Expenses of $87.0M left a modest 6% surplus.

Mission

To promote and provide quality health care to patients in a hospital setting

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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 $298,403

Program Service Revenue $90,324,234

Investment Income $2,319,545

Other Revenue $-1,704

TOTAL REVENUE $92,940,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,246,291

Fundraising Expenses $39,342

Program Expenses $75,235,716

Other Expenses $44,707,224

TOTAL EXPENSES $86,953,515

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,940,478	$86,079,090	+0.1%
Expenses	$86,953,515	$78,880,270	+0.1%
Net Income	$5,986,963	$7,198,820	-0.2%

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

538

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

$296,887

Total Directors

Key Employees

$259,407

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle Masters	Nurse Practitioner	36.00	Highest	$291,425	$37,092	$328,517
Gerald Fushianes	Physician Assistant	36.00	Highest	$265,727	$38,423	$304,150
Joseph Zeps	Chief Financial Officer	40.00	Officer	$259,868	$37,019	$296,887
Tracy Myhre	CNO	40.00	Key Emp	$222,762	$36,645	$259,407
Laura Miller	Nurse Practitioner	30.00	Highest	$227,793	$18,973	$246,766
Todd Chapman	Pharmacy Director	40.00	Highest	$220,374	$8,843	$229,217
Kelly Thayer	Nurse Practitioner	40.00	Highest	$196,921	$20,083	$217,004
Greg Gaardner	Chair	1.00	Officer Director	$0	$0	$0
Keith Laugen	Vice Chair (until Jan 24)	1.00	Officer Director	$0	$0	$0
B Scott Nicol - Secretary	then Vice Chair (as of Jan 24)	1.00	Officer Director	$0	$0	$0
Deb Buswell	Treasurer	1.00	Officer Director	$0	$0	$0
Sue Playter Mubarak-Director	the Secretary (as of Jan 24)	0.50	Officer Director	$0	$0	$0
Diana Gerke	Director	0.50	Director	$0	$0	$0
Tiffany Casper DO	Director	0.50	Director	$0	$0	$0
Beth Arity	Director	0.50	Director	$0	$0	$0
Wes Revels	Director	0.50	Director	$0	$0	$0
Jennifer Drexler DO	Director (until Jan 24)	0.50	Director	$0	$0	$0
Todd Torkelson	Director (until Jan 24)	0.50	Director	$0	$0	$0
Robert Holness MD	Director (until Jan 24)	0.50	Director	$0	$0	$0
Derek Daly	CEO	40.00	Officer	$0	$0	$0

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	$92,940,478	$86,953,515	$140,787,498	$5,986,963
2023	$86,079,090	$78,880,270	$129,590,553	$7,198,820
2022	$76,753,424	$72,887,260	$124,121,322	$3,866,164
2021	$81,760,815	$68,576,610	$122,784,056	$13,184,205
2020	$65,345,149	$66,539,405	$119,360,699	$-1,194,256
2019	$62,690,311	$61,577,487	$114,912,986	$1,112,824
2018	$62,770,708	$58,264,145	$111,844,534	$4,506,563

Tomah Memorial Hospital