Gundersen Lutheran Medical Center Inc (EIN 390813416) - 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

1899

Legal Domicile

Phone

6087827300

Tax Period

2023-10-01 to 2024-09-30

Gundersen Lutheran Medical Center Inc, founded in 1899, is a large national nonprofit in the Health Care sector that reported $1.6B in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $1.5B left a modest 5% surplus.

Mission

GUNDERSEN LUTHERAN MEDICAL CENTER (GLMC) ESTABLISHED IN 1899, PROVIDES ACUTE AND TERTIARY CARE FOR 21 COUNTIES LOCATED THROUGHOUT WESTERN WISCONSIN, NORTHEASTERN IOWA AND SOUTHEASTERN MINNESOTA. GLMC IS A TEACHING HOSPITAL WITH 325 LICENSED BEDS AND A LEVEL II TRAUMA AND EMERGENCY CENTER. OUR MISSION IS TO DISTINGUISH OURSELVES THROUGH EXCELLENCE IN PATIENT CARE, EDUCATION, RESEARCH AND IMPROVED HEALTH IN THE COMMUNITIES WE SERVE. WE WILL WORK AS A TEAM TO DEMONSTRATE OUR VALUES: INTEGRITY-PERFORM WITH HONESTY, RESPONSIBILITY AND TRANSPARENCY, EXCELLENCE-ACHIEVE EXCELLENCE IN ALL ASPECTS OF DELIVERING HEALTHCARE, RESPECT-TREAT PATIENTS, FAMILIES AND COWORKERS WITH DIGNITY, INNOVATION-EMBRACE CHANGE AND NEW IDEAS, COMPASSION-PROVIDE COMPASSIONATE CARE TO PATIENTS AND FAMILIES.

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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 $6,552,264

Program Service Revenue $1,603,269,061

Investment Income $128,336

Other Revenue $929,187

TOTAL REVENUE $1,610,878,848

Expense Breakdown

Grants Paid $45,354,040

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,487,126,214

Other Expenses $1,485,588,763

TOTAL EXPENSES $1,530,942,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,610,878,848	$1,114,928,410	+0.4%
Expenses	$1,530,942,803	$1,105,612,047	+0.4%
Net Income	$79,936,045	$9,316,363	+7.6%

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

N/A

Employees

N/A

Volunteers

N/A

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

$11,202,206

Total Directors

$4,393,654

Key Employees

$3,561,938

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA HAUSER RN	BOARD OF TRUSTEES - CHIEF NURSING OFFICER AND ADMIN VP	2.0	Officer Director	$0	$57,300	$338,406
BRYAN ERDMANN	BOARD OF TRUSTEES - CHIEF OPERATING OFFICER	2.0	Officer Director	$0	$74,345	$484,221
HEATHER SCHIMMERS RN	BOARD OF TRUSTEES - PRESIDENT	2.0	Officer Director	$0	$68,378	$814,550
SCOTT RATHGABER MD	BOARD OF TRUSTEES, CEO, CHAIRMAN	2.0	Officer Director	$0	$68,728	$1,712,949
TODD KOWALSKI MD	BOARD OF TRUSTEES -MEDICAL CHIEF OPERATING OFFICER	2.0	Officer Director	$0	$74,320	$613,182
JENNIFER KLEVEN MD	BOARD OF TRUSTEES - CHIEF OF MEDICAL/CLINICAL STAFF	2.0	Director	$0	$49,697	$430,346
CHRISTINE WALLER MD	MEDICAL VP, ACUTE CARE AND NURSING & SYSTEMS PRACTICE	2.0	Officer	$0	$79,048	$621,501
DANIEL LILLY	SECRETARY	2.0	Officer	$0	$69,978	$637,294
JOHN CEELEN	CHIEF FINANCIAL OFFICER, TREASURER (BEGIN 2/24)	2.0	Officer	$0	$0	$0
JONATHAN ZLABEK MD	MEDICAL VP, CROSS-FUNCTIONAL CARE (THRU 10/23)	2.0	Officer	$0	$63,534	$471,782
KELLEY BAHR MD	MEDICAL VP, AMBULATORY SERVICES	2.0	Officer	$0	$45,544	$473,538
KRAIG SCHUSTER	ADMIN VICE PRESIDENT, COMMUNITY	2.0	Officer	$0	$57,554	$364,011
MARILU BINTZ MD	MEDICAL VP, COMMUNITY AND CMO-CRITICAL ACCESS HOSPITALS (THRU 12/23)	2.0	Officer	$0	$53,893	$593,038
MARY KUFFEL MD	INTERIM MEDICAL VP, CROSS-FUNCTIONAL CARE (THRU 12/23)	2.0	Officer	$0	$11,860	$293,779
MICHAEL MCKEE	ADMIN VP, ACUTE CARE AND NURSING & SYSTEMS PRACTICE	2.0	Officer	$0	$70,085	$351,145
MICHELLE MICKA	ASSISTANT TREASURER (BEGIN 3/24)	2.0	Officer	$0	$37,796	$236,774
PETER VANDENHOUTEN	ASSISTANT SECRETARY (BEGIN 3/24)	2.0	Officer	$0	$75,482	$687,553
RACHEL ALBRECHT	ADMIN VP, AMBULATORY SERVICES	2.0	Officer	$0	$56,420	$291,476
ROBERT HOLNESS	MEDICAL VP, COMMUNITY AND CMO-CRITICAL ACCESS HOSPITALS (BEGIN 1/24)	2.0	Officer	$0	$67,228	$597,483
ROBYN BORGE MD	MEDICAL VICE PRESIDENT, CROSS-FUNCTIONAL CARE (BEGIN 1/24)	2.0	Officer	$0	$47,055	$367,783
STEPHANIE NEUMAN MD	MEDICAL VICE PRESIDENT, AMBULATORY SERVICES	2.0	Officer	$0	$72,920	$626,088
STEVE LITTLE	INTERIM CHIEF FINANCIAL OFFICER, TREASURER (THRU 2/24)	2.0	Officer	$0	$0	$333,317
TINA LECHNIR	ADMIN VP, CROSS-FUNCTIONAL CARE	2.0	Officer	$0	$56,444	$292,336
ANDREA WERNER	CHIEF POPULATION OFFICER	0.0	Key Emp	$0	$27,093	$392,292
LEANNE ANDERSEN	CHIEF PEOPLE OFFICER	0.0	Key Emp	$0	$63,599	$627,900
LISA HARTON	CHIEF QUALITY OFFICER	0.0	Key Emp	$0	$29,182	$427,108
MICHAEL DOLAN MD	SOUTHERN CHIEF CLINICAL OFFICER	0.0	Key Emp	$0	$73,420	$714,789
PRAVEEN CHOPRA	CHIEF DIGITAL AND INFORMATION OFFICER	0.0	Key Emp	$0	$70,973	$725,955
WILLIAM FARRELL	CHIEF INNOVATION & STRATEGY OFFICER	0.0	Key Emp	$0	$45,544	$673,894
ASHLEY TAO	LEAD PHYSICIST	0.0	Highest	$0	$40,061	$250,320
ERIC D RAUCH	PERFUSIONIST	0.0	Highest	$0	$51,056	$248,128
KIMBERLY A SCHMIDT	SENIOR PHYSICIST	0.0	Highest	$0	$58,534	$343,471
TERRY BARNES	CHARGE PERFUSIONIST	N/A	Highest	$0	$50,825	$247,257
TINA L PIKE	LEAD PHYSICIST	0.0	Highest	$0	$63,560	$322,079
ELLEN PEDRETTI-FENDT	VP APPLICATION SERVICES	0.0		$0	$58,022	$278,530
ERIC DEHN	VP ENTERPRISE ARCHITECTURE AND SOLUTION DESIGN	0.0		$0	$66,826	$448,672
GERALD OETZEL	FORMER CHIEF FINANCIAL OFFICER	0.0		$0	$18,108	$573,176
JANINE LUZ	VICE PRESIDENT LEARNING	0.0		$0	$58,985	$344,198
KARI ADANK	VICE PRESIDENT COMPLIANCE	0.0		$0	$70,013	$376,025
KRISTER MATTSON	VP ENTERPRISE ANALYTICS	0.0		$0	$57,201	$414,929
P MICHAEL JACOBS MD	MEDICAL VICE PRESIDENT	0.0		$0	$38,355	$247,883
PAMELA MAAS	FORMER VICE PRESIDENT BUSINESS SERVICES	0.0		$0	$0	$119,446
SHANNON MULLIGAN	VP HR & TOTAL REWARDS	0.0		$0	$51,715	$381,999
STEPHANIE CARROLL MD	MEDICAL VICE PRESIDENT	0.0		$0	$65,146	$377,749
STEPHEN SHAPIRO MD	CHIEF MEDICAL FOUNDATION OFFICER	0.0		$0	$69,648	$589,136

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	$1,610,878,848	$1,530,942,803	$2,051,865,606	$79,936,045
2023	$1,114,928,410	$1,105,612,047	$1,973,106,299	$9,316,363
2022	$1,368,537,872	$1,291,530,323	$1,962,166,483	$77,007,549
2021	$1,289,394,000	$1,213,492,688	$1,900,711,582	$75,901,312
2020	$1,286,184,440	$1,130,555,706	$1,854,444,002	$155,628,734
2019	$1,275,939,208	$1,059,029,736	$1,650,386,121	$216,909,472
2019	$1,275,939,208	$1,059,029,736	$1,650,386,121	$216,909,472
2018	$1,114,353,809	$997,319,482	$1,429,473,426	$117,034,327

Gundersen Lutheran Medical Center Inc