MEMORIAL HOSPITAL OF BOSCOBEL (EIN 390845590) - 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

1952

Legal Domicile

Principal Officer

JENNIFER BOIGENZAHN

Phone

6083754112

Tax Period

2023-10-01 to 2024-09-30

MEMORIAL HOSPITAL OF BOSCOBEL, founded in 1952, is a mid-sized nonprofit in the Health Care sector that reported $35.7M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $31.4M left a modest 12% surplus.

Mission

TOGETHER, WE INSPIRE YOUR BEST LIFE BY RELENTLESSLY CARING, LEARNING AND INNOVATING.

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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 $256,555

Program Service Revenue $34,506,649

Investment Income $844,080

Other Revenue $43,021

TOTAL REVENUE $35,650,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,080,110

Fundraising Expenses $0

Program Expenses $26,451,944

Other Expenses $14,297,519

TOTAL EXPENSES $31,377,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,650,305	$24,788,877	+0.4%
Expenses	$31,377,629	$21,638,590	+0.5%
Net Income	$4,272,676	$3,150,287	+0.4%

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

Employees

206

Volunteers

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

$2,982,269

Total Directors

$1,723,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARILU BINTZ MD	BOARD MEMBER/MED VP BGHS (THRU 12/23)	2.00	Director	$0	$53,893	$593,038
ANDY NAHAS	VP/BGHS OPTOMETRIST	2.00	Officer Director	$0	$62,901	$309,029
JAMES KLOCK	BOARD MEMBER/DIR OF REG IS	2.00	Director	$0	$51,419	$240,561
ALAN EBER	BOARD MEMBER/DIR OF BUSINESS SERVICES	2.00	Director	$0	$45,529	$205,700
KEITH FRYE	SECRETARY/ADMIN DR LAB	2.00	Officer Director	$0	$45,318	$203,956
DAWN THORSTEN	BOARD MEMBER/DIRECTOR OF QUALITY	2.00	Director	$0	$44,299	$171,014
JERRY BERGE	PRESIDENT	2.00	Officer Director	$0	$0	$0
CYNDE LARSEN	TREASURER/BOARD MEMBER	2.00	Officer Director	$0	$0	$0
PETE ESSER	TREASURER/BOARD MEMBER (THRU 12/23)	2.00	Officer Director	$0	$0	$0
GARY BOUGHTON	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY MCCORMICK	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT RATHGABER	CEO-BGHS	2.00	Officer	$0	$68,728	$1,712,949
STEVE LITTLE	INTERIM CFO-BGHS (THRU 02/24)	2.00	Officer	$0	$0	$333,317
THERESA BRAUDT	ADMINISTRATOR	50.00	Officer	$0	$49,424	$237,957
JENNIFER BOIGENZAHN	FINANCE ADMINISTRATOR	50.00	Officer	$0	$23,533	$185,061
JOHN CEELEN	CFO-BGHS (BEG 02/24)	2.00	Officer	$0	$0	$0
LISA WITTER	PHARMACIST	40.00	Highest	$171,889	$34,074	$205,963
TARA WOOD	PHARMACIST	50.00	Highest	$148,061	$14,508	$162,569
KELSEY LOMAS	RN	40.00	Highest	$126,784	$24,565	$151,349
KERRY CAMPBELL	RN	40.00	Highest	$131,400	$19,744	$151,144
JENNY DAX	DIRECTOR, BUSINESS OPERATIONS	50.00	Highest	$127,475	$21,627	$149,102

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	$35,650,305	$31,377,629	$41,476,573	$4,272,676
2023	$24,788,877	$21,638,590	$34,589,454	$3,150,287
2022	$29,338,830	$26,733,602	$31,544,684	$2,605,228
2021	$31,387,681	$24,032,774	$33,102,930	$7,354,907
2020	$25,517,453	$22,320,291	$32,413,174	$3,197,162
2019	$23,211,450	$20,038,072	$21,966,731	$3,173,378
2018	$20,322,292	$18,713,066	$18,667,832	$1,609,226

MEMORIAL HOSPITAL OF BOSCOBEL