Stoughton Hospital Association

EIN: 390832914 501(c)(3) Health Care

Stoughton, WI

Total Revenue
$74,727,448
Total Expenses
$60,725,275
Total Assets
$140,900,878
Net Assets
$106,113,146
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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
WI
Principal Officer
Christopher Brabant
Phone
6088736611
Tax Period
2023-10-01 to 2024-09-30

Stoughton Hospital Association, founded in 1924, is a mid-sized nonprofit in the Health Care sector that reported $74.7M in total revenue in fiscal year 2023. The organization ran a surplus of $14.0M, a strong 19% operating margin.

Mission

The mission of Stoughton Hospital is to provide safe, quality health care with exceptional personalized service.

Program Service Accomplishments

Program 1
Expenses: $49,629,303 Revenue: $70,166,112

Stoughton Hospital Association is an acute care, critical access hospital, fully accredited by DNV, licensed by the state of Wisconsin and a member of the Wisconsin Hospital Association and Rural...

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Stoughton Hospital Association is an acute care, critical access hospital, fully accredited by DNV, licensed by the state of Wisconsin and a member of the Wisconsin Hospital Association and Rural Wisconsin Health Cooperative. The Hospital provides inpatient and outpatient services to its patients. Inpatient services include medical/surgical, telemetry, intensive care, inpatient rehabilitative care (commonly referred to as swing bed) and geriatric psychiatry care. In 2024, there were 3,599 inpatient days. In addition to inpatient services, the Hospital provides a variety of outpatient services including emergency room care, urgent care, medical imaging (including in-house MRI services), surgical services, ambulatory infusion center, occupational health, and rehabilitation services. In 2024, there were approximately 91,739 outpatient visits.To fulfill its mission of community service, the Hospital provides care to patients who meet certain criteria under its charity care policy without charge or at amounts less than its established rates. Revenue from services to these patients is recorded in the accounting system at the established rates, but the Hospital does not pursue collection of the amounts. The resulting adjustments are recorded as adjustments to patient service revenue, depending on the timing of the charity determination.The Hospital provides health care services to patients who meet certain criteria under its charity care policy without charge or at amounts less than established rates. Since the Hospital does not pursue collection of these amounts, they are not reported as revenue. The estimated cost of providing these services was $200,000 for each of the years ended September 30, 2024 and 2023, which was determined based on an average ratio of cost to gross charges related to the services provided. Additionally, the Hospital extends discounts to uninsured patients. The estimated costs of providing services related to the discounts was $286,000 and $208,000 for the years ended September 30, 2024 and 2023, which was determined based on an average ratio of cost to gross charges related to the services provided.In addition, the Hospital provides services to other patients under certain government-reimbursed public aid programs. Such programs pay providers amounts which are less than established charges for the services provided to the recipients, and for some services the payments are less than the cost of rendering the services provided.The Hospital also commits significant time and resources to endeavors and critical services which meet otherwise unfulfilled community needs. Many of these activities are sponsored with the knowledge that they will not be self-supporting or financially viable.

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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 $286,551
Program Service Revenue $70,166,112
Investment Income $4,182,997
Other Revenue $91,788
TOTAL REVENUE $74,727,448

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,444,800
Fundraising Expenses $205,348
Program Expenses $49,629,303
Other Expenses $31,280,475
TOTAL EXPENSES $60,725,275

Year-over-Year Comparison

2023 2022 Change
Revenue $74,727,448 $69,336,291 +0.1%
Expenses $60,725,275 $57,223,237 +0.1%
Net Income $14,002,173 $12,113,054 +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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Governance

Voting Members
12
Independent Members
10
Employees
446
Volunteers
66

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
$637,483
Total Directors
15
$1,390,399
Key Employees
3
$578,223
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Ashish Rawal Medical Staff Rep 41.00
Director
$838,157 $42,639 $880,796
Dr Aaron Schwaab Chief of Staff 41.00
Director
$467,383 $42,220 $509,603
Daniel DeGroot President/CEO 40.00
Officer
$394,007 $12,626 $406,633
Deborah Dahlke Nurse Anesthetist 40.00
Highest
$293,672 $35,015 $328,687
Charles Smith Nurse Anesthetist 40.00
Highest
$277,114 $41,210 $318,324
Kristine Nikolai Nurse Anesthetist 40.00
Highest
$281,193 $36,745 $317,938
Michelle Abey CFO/ VP Financial Services 40.00
Officer
$192,599 $38,251 $230,850
Teresa Lindfors-Chief Strategy & Bus Dev Officer(until 2/24) 40.00
Key Emp
$192,973 $7,691 $200,664
Pauline Cass Pharmacy Manager 40.00
Highest
$163,051 $37,331 $200,382
Amy Hermes Chief Nursing Officer 40.00
Key Emp
$177,642 $17,813 $195,455
Thomas Kostecki Pharmacist 40.00
Highest
$156,884 $30,530 $187,414
Christopher Schmitz VP HR, Facility Operations 40.00
Key Emp
$164,522 $17,582 $182,104
Donna Olson Chair 2.00
Officer Director
$0 $0 $0
Tim Rusch Vice Chair 2.00
Officer Director
$0 $0 $0
Glenn Kruser Secretary/Treasurer(as of 11/23) 2.00
Officer Director
$0 $0 $0
Steve Staton Secretary/Treasurer(until 11/23) 2.00
Officer Director
$0 $0 $0
Matt Kinsella Director - Class IV - SSM 1.00
Director
$0 $0 $0
Kyle Nondorf - Director Class IV - SSM Alternate 1.00
Director
$0 $0 $0
Dawit Tesfasilassie Director - Class IV - SSM 1.00
Director
$0 $0 $0
Kris Krentz Director 1.00
Director
$0 $0 $0
Nick Probst Director 1.00
Director
$0 $0 $0
Sue Vanderbilt Director 1.00
Director
$0 $0 $0
Cindy McGlynn Director (as of Nov 23) 1.00
Director
$0 $0 $0
Steve Peotter Director (as of Nov 23) 1.00
Director
$0 $0 $0
Tom Fendrick Director (until Nov 23) 1.00
Director
$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
2025 No data No data No data No data
2024 $74,727,448 $60,725,275 $140,900,878 $14,002,173
2023 $69,336,291 $57,223,237 $103,696,247 $12,113,054
2022 $59,666,840 $50,607,874 $89,496,434 $9,058,966
2021 $58,913,821 $46,108,181 $89,267,867 $12,805,640
2020 $45,730,280 $44,088,031 $85,513,667 $1,642,249
2019 $50,707,636 $46,451,999 $70,111,573 $4,255,637
2018 $50,828,060 $47,695,317 $63,628,666 $3,132,743
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