THE RICHLAND HOSPITAL INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

BRUCE ROESLER

Phone

6086476321

Tax Period

2023-01-01 to 2023-12-31

THE RICHLAND HOSPITAL INC, founded in 1937, is a mid-sized nonprofit in the Health Care sector that reported $74.3M in total revenue in fiscal year 2023.

Mission

OUR PATIENTS, ABOVE ALL ELSE.

Program Service Accomplishments

Program 1

Expenses: $53,676,671 Revenue: $56,793,810

THE RICHLAND HOSPITAL, INC. (THE HOSPITAL) OPERATES A 25-BED CRITICAL ACCESS HOSPITAL IN RICHLAND CENTER, WI. PATIENTS SERVED BY THE RICHLAND HOSPITAL IN 2023 INCLUDED 3,168 ADULTS AND PEDIATRICS...

THE RICHLAND HOSPITAL, INC. (THE HOSPITAL) OPERATES A 25-BED CRITICAL ACCESS HOSPITAL IN RICHLAND CENTER, WI. PATIENTS SERVED BY THE RICHLAND HOSPITAL IN 2023 INCLUDED 3,168 ADULTS AND PEDIATRICS INPATIENT DAYS, 258 SWING BED PATIENT DAYS, 207 NEWBORN PATIENT DAYS, 61,098 TOTAL OUTPATIENT VISITS, AND 7,409 EMERGENCY ROOM VISITS. THE HOSPITAL ALSO OPERATES A PHYSICIAN CLINIC PROVIDING PRIMARY CARE PROCEDURES SUCH AS CARDIAC TESTS AND ULTRASOUNDS. THE HOSPITAL ENGAGES IN SEVERAL EFFORTS THAT ARE DESCRIBED IN DETAIL ON THE SCHEDULE H ATTACHED TO THE RETURN.

Program 2

Expenses: $13,764,733 Revenue: $15,654,887

THE RICHLAND HOSPITAL, INC. ALSO OPERATES THREE RURAL HEALTH CLINICS LOCATED IN RICHLAND CENTER, SPRING GREEN AND MUSCODA, WI. DURING 2023 WE CONVERTED A PROVIDER BASED CLINIC TO A RURAL HEALTH...

THE RICHLAND HOSPITAL, INC. ALSO OPERATES THREE RURAL HEALTH CLINICS LOCATED IN RICHLAND CENTER, SPRING GREEN AND MUSCODA, WI. DURING 2023 WE CONVERTED A PROVIDER BASED CLINIC TO A RURAL HEALTH CLINIC, RAISING THE NUMBER OF RURAL HEALTH CLINICS TO THREE. THESE CLINICS PROVIDED OVER 15,199 VISITS TO PATIENTS IN THESE COMMUNITIES. THE CLINICS ARE DESIGNATED RURAL HEALTH CLINICS BY THE MEDICARE AND MEDICAID PROGRAMS AND AS SUCH BY DEFINITION ARE LOCATED IN DESIGNATED RURAL OR UNDERSERVED AREAS OF THE COUNTRY BY HEALTH CARE PRACTITIONERS. THESE CLINICS PROVIDE CARE TO A LARGE PORTION OF MEDICARE AND MEDICAID BENEFICIARIES WHO WITHOUT ACCESS TO CARE LOCALLY WOULD BE REQUIRED TO TRAVEL FARTHER DISTANCES FOR QUALITY HEALTHCARE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $91,548

Program Service Revenue $72,762,581

Investment Income $941,222

Other Revenue $510,795

TOTAL REVENUE $74,306,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,200,766

Fundraising Expenses $121,598

Program Expenses $67,441,404

Other Expenses $34,459,327

TOTAL EXPENSES $75,660,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,306,146	$70,512,697	+0.1%
Expenses	$75,660,093	$66,845,822	+0.1%
Net Income	$-1,353,947	$3,666,875	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

498

Volunteers

111

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

$688,168

Total Directors

$204,439

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SMITH MD	CHIEF OF STAFF	40.00	Director	$18,697	$723	$19,420
JOHN ANNEAR	CHAIR	3.00	Officer Director	$0	$0	$0
STEVE BAUER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARILYN RINEHART	TREASURER	1.00	Officer Director	$0	$0	$0
SHELLY SCHMIDT	SECRETARY	1.00	Officer Director	$0	$0	$0
KAY BALINK MD	DIRECTOR (& EMPLOYEE)	26.00	Director	$168,648	$16,371	$185,019
LAURA MELBY	DIRECTOR	1.00	Director	$0	$0	$0
TRACI PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN POOLE	DIRECTOR	1.00	Director	$0	$0	$0
PETER WALSH	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE ROESLER	CEO	40.00	Officer	$352,840	$40,235	$393,075
ELIZABETH MOORE	CFO	40.00	Officer	$242,468	$52,625	$295,093
THOMAS BECK	ORTHOPEDIC SURGEON	40.00	Highest	$568,881	$29,455	$598,336
BRYAN MCCARVEL	CRNA	40.00	Highest	$465,463	$53,947	$519,410
MUHAMMAD KHAN	ER PHYSICIAN	40.00	Highest	$415,730	$23,946	$439,676
SHAWN O' BRIEN	ER DOCTOR	40.00	Highest	$501,397	$53,946	$555,343
NATHAN SCHWARTZ	CRNA	40.00	Highest	$429,029	$12,968	$441,997

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	$74,306,146	$75,660,093	$94,077,997	$-1,353,947
2022	$70,512,697	$66,845,822	$90,865,253	$3,666,875
2021	$72,163,355	$62,037,091	$90,295,177	$10,126,264
2020	$62,558,606	$59,432,859	$84,065,288	$3,125,747
2019	$44,081,080	$43,315,894	$71,284,946	$765,186
2018	$42,392,503	$40,565,611	$69,069,702	$1,826,892