WESTFIELDS HOSPITAL INC

EIN: 390808442 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$95,257,833
Total Expenses
$89,123,318
Total Assets
$80,139,093
Net Assets
$67,406,399
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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
1950
Legal Domicile
WI
Principal Officer
ALITA R RISINGER
Phone
9528836584
Tax Period
2023-01-01 to 2023-12-31

WESTFIELDS HOSPITAL INC, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $95.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $89.1M left a modest 6% surplus.

Mission

TO IMPROVE THE HEALTH OF OUR PATIENTS AND COMMUNITY BY PROVIDING HIGH QUALITY HEALTH CARE.

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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 $719,099
Program Service Revenue $93,199,066
Investment Income $1,241,225
Other Revenue $98,443
TOTAL REVENUE $95,257,833

Expense Breakdown

Grants Paid $100,133
Salaries & Benefits $56,152,665
Fundraising Expenses $0
Program Expenses $77,513,214
Other Expenses $32,870,520
TOTAL EXPENSES $89,123,318

Year-over-Year Comparison

2023 2022 Change
Revenue $95,257,833 $86,815,948 +0.1%
Expenses $89,123,318 $79,418,989 +0.1%
Net Income $6,134,515 $7,396,959 -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

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Governance

Voting Members
12
Independent Members
7
Employees
515
Volunteers
24

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
6
$1,878,976
Total Directors
15
$4,129,997
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY C HECHT MD DIRECTOR 0.50
Director
$0 $53,433 $605,369
CRAIG YEHLIK DIRECTOR 0.50
Director
$0 $0 $0
ERIC W LING MD DIRECTOR, CMO, VPMA 0.50
Officer Director
$0 $66,687 $521,368
KATIE WENDT DIRECTOR 0.50
Director
$0 $0 $0
MARY HAILEY DIRECTOR 0.50
Director
$0 $0 $0
PAULA KOLBECK DIRECTOR 0.50
Director
$0 $0 $0
REGAN BROWN DIRECTOR & CHAIR 1.50
Officer Director
$0 $0 $0
SCOTT SODERBERG DIRECTOR & TREASURER 0.50
Officer Director
$0 $0 $0
STEVEN M MASSEY DIRECTOR, PRESIDENT 44.50
Officer Director
$0 $64,799 $473,915
TYLER R SCHMIDTZ DIRECTOR 0.50
Director
$0 $64,029 $487,615
VINI T MANCHANDA DIRECTOR 0.50
Director
$0 $104,474 $544,335
ROBIN REICHERT MD DIRECTOR 0.50
Director
$0 $59,761 $426,113
MARIE GREMORE DIRECTOR 0.50
Director
$0 $0 $0
LESLIE DOCKAN DIRECTOR 0.50
Director
$0 $67,890 $545,654
AMY L DEWANE DIRECTOR (JAN-APR) 0.50
Director
$0 $67,579 $525,628
DOUGLAS E JOHNSON CFO 13.75
Officer
$0 $44,121 $647,904
LEANNE M ROGGEMANN VP PATIENT SERVICES 40.00
Officer
$217,590 $18,199 $235,789
KRISTA L SIKORSKI FAMILY PRACTICE APP 36.00
Highest
$188,514 $50,299 $238,813
KEVYN WOLLENBERG FAMILY PRACTICE APP 45.00
Highest
$176,132 $39,661 $215,793
NICOLE M TROSEN PHARMACY MANAGER 40.00
Highest
$191,741 $22,833 $214,574
NICOLE B LAVALLE FAMILY PRACTICE APP 40.00
Highest
$174,222 $31,227 $205,449
JEAN M MEIER MANAGER WOMEN'S HEALTH 40.00
Highest
$165,011 $54,133 $219,144
JASON J LUHRS FORMER CFO 0.00
$0 $65,808 $413,398
HEIDI G CONRAD FORMER CFO 0.00
$0 $46,240 $226,148
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 No data No data No data No data
2023 $95,257,833 $89,123,318 $80,139,093 $6,134,515
2022 $86,815,948 $79,418,989 $73,378,031 $7,396,959
2021 $82,329,406 $74,697,822 $77,938,894 $7,631,584
2020 $72,718,866 $66,925,177 $71,164,525 $5,793,689
2019 $70,096,019 $67,294,064 $57,630,641 $2,801,955
2018 $65,008,265 $62,210,359 $55,027,595 $2,797,906
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