ST CROIX REGIONAL MEDICAL CENTER

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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

1954

Legal Domicile

Principal Officer

MICHAEL YOUSO

Phone

7154830556

Tax Period

2022-07-01 to 2023-06-30

ST CROIX REGIONAL MEDICAL CENTER, founded in 1954, is a major nonprofit in the Health Care sector that reported $139.5M in total revenue in fiscal year 2022.

Mission

WE HELP PEOPLE TO LIVE HEALTHIER, HAPPIER, AND LONGER LIVES.

Program Service Accomplishments

Program 1

Expenses: $91,636,571 Revenue: $101,421,305

OUTPATIENT SERVICES - SURGICAL, LABORATORY, BASIC, AND ADVANCED RADIOLOGY PROCEDURES. DURING FISCAL YEAR 2023, THERE WERE 11,912 EMERGENCY ROOM VISITS RECORDED, 4,307 OUTPATIENT SURGERIES, AND 54,392 HOSPITAL OUTPATIENT VISITS.INPATIENT SERVICES - OBSTETRIC, MEDICAL-SURGICAL, INTENSIVE CARE, AND SHORT STAY INPATIENT CARE. DURING FISCAL YEAR 2023, THERE WERE 228 BIRTHS, 1,626 INPATIENT ADMISSIONS, AND A TOTAL OF 5,644 INPATIENT DAYS FOR AN AVERAGE LENGTH OF 3.47 DAYS.

Program 2

Expenses: $18,823,106 Revenue: $20,832,992

ST. CROIX REGIONAL MEDICAL CENTER OPERATES FOUR PROVIDER-BASED CLINICS AND ONE FREE STANDING CLINIC. TOGETHER, THE CLINICS STRIVE TO MEET THE HEALTHCARE NEEDS OF PATIENTS AND FAMILIES WHO LIVE AND...

ST. CROIX REGIONAL MEDICAL CENTER OPERATES FOUR PROVIDER-BASED CLINICS AND ONE FREE STANDING CLINIC. TOGETHER, THE CLINICS STRIVE TO MEET THE HEALTHCARE NEEDS OF PATIENTS AND FAMILIES WHO LIVE AND WORK IN THE COMMUNITIES THEY SERVE. A TOTAL OF 108,562 CLINIC VISITS OCCURRED IN FISCAL YEAR 2023.

Program 3

Expenses: $10,766,700 Revenue: $11,916,342

ST. CROIX VALLEY PHARMACIES PROVIDE LOCAL PHARMACY CARE TO THE SERVICE AREA OF ST. CROIX REGIONAL MEDICAL CENTER. ST. CROIX VALLEY PHARMACIES IS THE SOLE MEMBER OF THE FOLLOWING COMMUNITY PHARMACIES: UNITY PHARMACY LOCATED IN THE UNITY CLINIC BUILDING NEAR BALSAM, WI, FREDERIC PHARMACY LOCATED IN THE FREDERIC CLINIC BUILDING IN FREDERIC, WI, AND, ST. CROIX FALLS PHARMACY LOCATED IN THE ST. CROIX FALLS CLINIC BUILDING IN ST. CROIX FALLS, WI.

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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 (2022)

Revenue Breakdown

Contributions & Grants $500,914

Program Service Revenue $138,237,202

Investment Income $341,673

Other Revenue $460,233

TOTAL REVENUE $139,540,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,608,663

Fundraising Expenses $0

Program Expenses $123,807,102

Other Expenses $75,182,421

TOTAL EXPENSES $148,791,084

Year-over-Year Comparison

	2022	2021	Change
Revenue	$139,540,022	$143,069,159	0.0%
Expenses	$148,791,084	$138,940,642	+0.1%
Net Income	$-9,251,062	$4,128,517	-3.2%

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

1193

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

$1,812,047

Total Directors

$1,310,852

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DRISCOLL	CHAIR/BOARD MEMBER	0.50	Officer Director	$1,850	$0	$1,850
TRUDY CANINE	VICE CHAIR/CHAIR	0.50	Officer Director	$1,650	$0	$1,650
JOSEPH WHITE	TREASURER (THRU APRIL 2023)	0.50	Officer Director	$1,500	$0	$1,500
GURDESH BEDI	TRUSTEE/PHYSICIAN OF SCRMC	40.00	Officer Director	$925,664	$19,765	$945,429
KAREN HAUER	SECRETARY	0.50	Officer Director	$1,450	$0	$1,450
JOHN CUMMING	TRUSTEE (THRU FEB. 2023)	0.50	Director	$1,050	$0	$1,050
LISA EDSTROM	TRUSTEE	0.50	Director	$950	$0	$950
REBECCA LYMAN MD	TRUSTEE/PHYSICIAN (THRU JUNE 2023)	40.00	Director	$316,338	$38,985	$355,323
WILLIAM TIES	TRUSTEE	0.50	Director	$1,650	$0	$1,650
DAVE DOBOSENSKI	CEO (THRU FEB. 2023)	40.00	Officer	$503,925	$49,427	$553,352
SALLY BAJAK	CFO (THRU JULY 2022)	40.00	Officer	$154,575	$29,875	$184,450
KIMBERLY ERICSON	CFO	40.00	Officer	$0	$0	$0
MICHAEL YOUSO	CFO/CEO	40.00	Officer	$112,563	$9,803	$122,366
JOHN KAMPA	SCRMC PHYSICIAN	40.00	Highest	$742,120	$29,344	$771,464
MUHAMMAD KHAN	SCRMC PHYSICIAN	40.00	Highest	$643,846	$49,236	$693,082
VITTAL NAGAR	SCRMC PHYSICIAN	40.00	Highest	$578,714	$46,859	$625,573
MARISA SPENCER	SCRMC PHYSICIAN	40.00	Highest	$581,005	$18,954	$599,959
DAVID NORDIN	SCRMC PHYSICIAN	40.00	Highest	$604,468	$31,957	$636,425
PATRICK MCDONOUGH	FORMER VC/SPORTS MED MD	40.00		$352,689	$43,290	$395,979

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	$139,540,022	$148,791,084	$104,423,130	$-9,251,062
2023	$71,098,049	$67,407,168	$97,943,269	$3,690,881
2022	$143,069,159	$138,940,642	$108,254,193	$4,128,517
2021	$138,569,905	$129,777,576	$114,134,286	$8,792,329
2020	$121,857,901	$115,949,732	$103,196,260	$5,908,169
2019	$124,555,003	$120,064,995	$85,933,497	$4,490,008
2018	$111,213,413	$105,572,677	$84,083,896	$5,640,736