BELLIN MEMORIAL HOSPITAL INC

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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

1908

Legal Domicile

Principal Officer

JOHN CEELEN

Phone

9204457260

Tax Period

2023-10-01 to 2024-09-30

BELLIN MEMORIAL HOSPITAL INC, founded in 1908, is a major nonprofit in the Health Care sector that reported $834.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $791.7M left a modest 5% surplus.

Mission

BELLIN HEALTH IS A COMMUNITY OWNED NOT-FOR-PROFIT ORGANIZATION RESPONSIBLE FOR IMPROVING THE HEALTH AND WELLBEING OF PEOPLE LIVING IN NORTHEAST WISCONSIN AND THE UPPER PENINSULA OF MICHIGAN, AND ALL OTHERS WE SERVE. WE CARRY OUT THIS RESPONSIBILITY THROUGH INDIVIDUALIZED CARE EXCELLENCE, COMMUNITY HEALTH IMPROVEMENT, AND EQUITABLE HEALTHCARE FINANCING PLANS ALL DESIGNED TO POSITIVELY IMPACT HEALTH AND WELLBEING. WE ARE STEADFAST IN OUR COMMITMENT TO PROVIDING COMPASSIONATE, SAFE, AND COORDINATED CARE THAT IS ACCESSIBLE AND AFFORDABLE FOR EVERYONE. WE BUILD TRUSTED RELATIONSHIPS AND ADVANCE TRUE COLLABORATION, FUELING OUR DESIRE TO CONSTANTLY IMPROVE AND INNOVATE.

Program Service Accomplishments

Program 1

Expenses: $660,822,303 Revenue: $804,998,083

THE HOSPITAL PROVIDES ACUTE HOSPITAL CARE TO RESIDENTS OF NORTHEASTERN WISCONSIN. DURING FISCAL YEAR 2024 37,488 INPATIENT DAYS WERE PROVIDED (29,645 ADULTS AND PEDIATRICS), AS COMPARED TO 35,889...

THE HOSPITAL PROVIDES ACUTE HOSPITAL CARE TO RESIDENTS OF NORTHEASTERN WISCONSIN. DURING FISCAL YEAR 2024 37,488 INPATIENT DAYS WERE PROVIDED (29,645 ADULTS AND PEDIATRICS), AS COMPARED TO 35,889 (27,406 ADULTS AND PEDIATRICS) IN FISCAL YEAR 2023. THE NUMBER OF OUTPATIENTS REGISTERED FOR 2024 AND 2023 WERE 199,208 AND 188,613, RESPECTIVELY. BELLIN MEMORIAL HOSPITAL ALSO PROVIDED 1,546,455 (AS COMPARED TO 1,443,533 IN 2023) PHYSICIAN CLINIC VISITS THROUGH BELLIN MEDICAL AND SPECIALTY GROUPS.

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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 $3,082,867

Program Service Revenue $791,592,386

Investment Income $24,081,469

Other Revenue $15,949,544

TOTAL REVENUE $834,706,266

Expense Breakdown

Grants Paid $520,025

Salaries & Benefits $479,526,593

Fundraising Expenses $0

Program Expenses $660,822,303

Other Expenses $311,700,923

TOTAL EXPENSES $791,747,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$834,706,266	$746,094,277	+0.1%
Expenses	$791,747,541	$718,722,309	+0.1%
Net Income	$42,958,725	$27,371,968	+0.6%

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

5399

Volunteers

238

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

$5,121,623

Total Directors

$6,304,996

Key Employees

$2,847,150

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE WOLESKE	BOARD MEMBER/EXECUTIVE VICE PRES.	48.00	Officer Director	$1,775,439	$238,231	$2,013,670
SCOTT RATHGABER MD	BOARD MEMBER/BGHS CEO	2.00	Officer Director	$0	$68,728	$1,712,949
PETER VANDENHOUTEN	BOARD MEMBER/SR VP-GENERAL COUNSEL	50.00	Director	$612,071	$75,483	$687,554
SHARLA BAENEN	BOARD MEMBER/COO	50.00	Officer Director	$500,435	$86,399	$586,834
MICHAEL LANDRUM MD	BOARD MEMBER/COO	50.00	Director	$471,136	$24,683	$495,819
LAURA HIEB	BOARD MEMBER/CNO	50.00	Officer Director	$409,402	$65,451	$474,853
STEVE LITTLE	BOARD MEMBER/CFO (THRU 2/24)	2.00	Officer Director	$0	$0	$333,317
TERRY FULWILER	CHAIR (THRU 01/24)	2.00	Officer Director	$0	$0	$0
JOHN CEELEN	CHIEF FINANCIAL OFFICER (BEG. 02/24)	2.00	Officer	$0	$0	$0
LISA HARTON	CHIEF QUALITY OFFICER	50.00	Key Emp	$397,926	$29,182	$427,108
ANDREA WERNER	CHIEF POPULATION OFFICER	50.00	Key Emp	$365,199	$27,093	$392,292
WILLIAM FARRELL	CHIEF INNOVATION & STRATEGY OFFICER	2.00	Key Emp	$0	$45,544	$673,894
LEANNE ANDERSEN	CHIEF PEOPLE OFFICER	0.50	Key Emp	$0	$63,599	$627,900
PRAVEEN CHOPRA	CHIEF DIGITAL & INFORMATION OFFICER	2.00	Key Emp	$0	$70,974	$725,956
DAVID STAMPFL MD	PHYSICIAN	40.00	Highest	$1,933,014	$47,375	$1,980,389
KEVIN SHEPET	PHYSICIAN	40.00	Highest	$1,290,394	$43,555	$1,333,949
YOON CHUN	PHYSICIAN	40.00	Highest	$1,181,234	$22,155	$1,203,389
JAMES SPEARS MD	PHYSICIAN	40.00	Highest	$1,125,470	$44,218	$1,169,688
KANWAR ARORA MD	PHYSICIAN	40.00	Highest	$1,132,026	$21,866	$1,153,892
CINDY LASECKI MD	FORMER BOARD MEMBER/COO	0.00		$383,276	$21,152	$404,428
GERALD OETZEL	FORMER CHIEF FINANCIAL OFFICER	0.00		$0	$18,108	$573,176

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	$834,706,266	$791,747,541	$1,148,095,932	$42,958,725
2023	$746,094,277	$718,722,309	$1,083,165,495	$27,371,968
2022	$715,245,327	$689,017,210	$907,349,413	$26,228,117
2021	$710,715,774	$617,479,334	$944,354,274	$93,236,440
2020	$606,556,735	$559,418,842	$753,402,442	$47,137,893
2019	$580,115,892	$532,235,911	$689,223,217	$47,879,981
2018	$526,307,224	$498,205,849	$592,686,809	$28,101,375