VERNON MEMORIAL HEALTHCARE INC

EIN: 390806404 501(c)(3) Health Care

VIROQUA, WI

Total Revenue
$94,983,582
Total Expenses
$88,715,838
Total Assets
$135,582,722
Net Assets
$114,638,613
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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
1946
Legal Domicile
WI
Principal Officer
DAVID HARTBERG
Phone
6086372101
Tax Period
2023-10-01 to 2024-09-30

VERNON MEMORIAL HEALTHCARE INC, founded in 1946, is a mid-sized nonprofit in the Health Care sector that reported $95.0M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $88.7M left a modest 7% surplus.

Mission

VERNON MEMORIAL HEALTHCARE, INC. IS DEDICATED TO INSPIRING PATIENT-CENTERED, COMPASSIONATE CARE IN OUR COMMUNITY. OUR VISION IS TO BE THE TRUSTED HEALTHCARE PARTNER THAT DELIVERS EXCEPTIONAL CARE TO EVERY GENERATION. WE UPHOLD OUR VALUES OF COMPASSION, EXCELLENCE, COLLABORATION, INTEGRITY, ACCOUNTABILITY, AND SUSTAINABILITY IN EVERY ASPECT OF OUR SERVICE. BY SHOWING AN AUTHENTIC DESIRE TO HELP OTHERS, PURSUING THE HIGHEST QUALITY CARE, WORKING SEAMLESSLY WITH ALL PARTNERS, COMMITTING TO HONESTY, TAKING OWNERSHIP OF OUR ACTIONS, AND CONSERVING RESOURCES TO SUPPORT HEALTH AND WELL-BEING, WE ENSURE THAT EVERY PATIENT RECEIVES THE BEST POSSIBLE CARE, CLOSE TO HOME.

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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 $169,700
Program Service Revenue $92,181,470
Investment Income $2,093,518
Other Revenue $538,894
TOTAL REVENUE $94,983,582

Expense Breakdown

Grants Paid $66,594
Salaries & Benefits $45,965,427
Fundraising Expenses $0
Program Expenses $76,105,781
Other Expenses $42,683,817
TOTAL EXPENSES $88,715,838

Year-over-Year Comparison

2023 2022 Change
Revenue $94,983,582 $87,829,796 +0.1%
Expenses $88,715,838 $82,056,626 +0.1%
Net Income $6,267,744 $5,773,170 +0.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
554
Volunteers
72

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
8
$1,239,954
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM WESTON CHAIR 1.00
Officer Director
$0 $0 $0
PETER HUGHES VICE CHAIR 1.00
Officer Director
$0 $0 $0
PAUL LARSEN TREASURER 1.00
Officer Director
$0 $0 $0
VICKI ANDERSON SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELLE ENGH MEMBER 1.00
Director
$0 $0 $0
STACY KRING MEMBER 1.00
Director
$0 $0 $0
STEVE MICHAELS MEMBER 1.00
Director
$0 $0 $0
DORI MICKELSON THRU 122023 MEMBER 1.00
Director
$0 $0 $0
JOAN PETERSON MEMBER 1.00
Director
$0 $0 $0
KIMBERLY TURNMIRE MEMBER 1.00
Director
$0 $0 $0
JAY VOSSETEIG MEMBER 1.00
Director
$0 $0 $0
PAUL WOODWARD MEMBER 1.00
Director
$0 $0 $0
ROBERT LOVEJOY COO 40.00
Officer
$218,102 $27,958 $246,060
KRISTY WILTROUT CNO (THRU 08/2024) 40.00
Officer
$238,496 $29,957 $268,453
SCOTT LECKEY CFO 40.00
Officer
$269,889 $21,061 $290,950
DAVID HARTBERG CEO 40.00
Officer
$403,680 $30,811 $434,491
DEBORAH PRIOR ER PHYSICIAN 30.00
Highest
$373,937 $34,401 $408,338
JEFFREY SCHEIDT CRNA 40.00
Highest
$415,824 $43,977 $459,801
JOANN FOUTS ER PHYSICIAN 40.00
Highest
$345,833 $35,781 $381,614
DAVID CHAKOIAN ER PHYSICIAN 40.00
Highest
$317,027 $33,140 $350,167
BRIAN MILLER CRNA 30.00
Highest
$409,565 $40,573 $450,138
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 $94,983,582 $88,715,838 $135,582,722 $6,267,744
2023 $87,829,796 $82,056,626 $122,283,417 $5,773,170
2022 $83,308,811 $74,891,041 $118,795,661 $8,417,770
2021 $82,980,010 $73,180,354 $121,939,170 $9,799,656
2020 $80,206,518 $72,720,633 $109,351,678 $7,485,885
2019 $80,670,091 $78,513,883 $101,363,359 $2,156,208
2018 $77,523,500 $81,043,836 $101,829,663 $-3,520,336
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