SPOONER HEALTH SYSTEM 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

1955

Legal Domicile

Principal Officer

MICHAEL D SCHAFER

Phone

7156352111

Tax Period

2024-04-01 to 2025-03-31

SPOONER HEALTH SYSTEM INC, founded in 1955, is a mid-sized nonprofit in the Health Care sector that reported $35.3M in total revenue in fiscal year 2024. Expenses of $33.6M left a modest 5% surplus.

Mission

TO PROVIDE HIGH QUALITY HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $27,580,702 Revenue: $33,375,603

SPOONER HEALTH SYSTEM IS A 25 BED CRITICAL ACCESS HOSPITAL THAT PLAYS A VITAL ROLE IN THE HEALTH AND WELL-BEING OF THE COMMUNITY BY OFFERING SERVICES TO PATIENTS SUCH AS 24-HOUR EMERGENCY CARE, ACUTE CARE, SURGICAL, REHABILITATION, DIAGNOSTIC, HOSPICE AND WOUND CARE. FOR THE FISCAL YEAR ENDING 3/31/2025, THERE WERE 1,248 INPATIENT DAYS, 314 INPATIENT DISCHARGES, 25,134 OUTPATIENT VISITS, 7,288 EMERGENCY ROOM VISITS, AND 421 SURGERIES ALONG WITH 556 SCOPE PROCEDURES. SPOONER HEALTH SYSTEM PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS SUCH AS MEDICARE AND MEDICAID AT SUBSTANTIAL DISCOUNTS FROM STANDARD FEES. A FINANCIAL ASSISTANCE PROGRAM, WHICH INCLUDES FEE DISCOUNTS AS WELL AS 100% FREE CARE, IS ALSO AVAILABLE FOR PATIENTS FINANCIALLY UNABLE TO PAY FOR SERVICES.

Program 2

Expenses: $641,365 Revenue: $367,114

THE HOME HEALTH AGENCY PROVIDES ESSENTIAL NURSING AND REHABILITATION SERVICES TO PATIENTS IN THEIR HOME. FOR THE FISCAL YEAR ENDING 3/31/2025, THERE WERE 1,956 HOME HEALTH VISITS SERVING 323...

THE HOME HEALTH AGENCY PROVIDES ESSENTIAL NURSING AND REHABILITATION SERVICES TO PATIENTS IN THEIR HOME. FOR THE FISCAL YEAR ENDING 3/31/2025, THERE WERE 1,956 HOME HEALTH VISITS SERVING 323 PATIENTS, 95 ADMITTED CASES, AND 95 DISCHARGED CASES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,534

Program Service Revenue $33,742,717

Investment Income $1,393,530

Other Revenue $174,833

TOTAL REVENUE $35,320,614

Expense Breakdown

Grants Paid $17,767

Salaries & Benefits $14,365,668

Fundraising Expenses $0

Program Expenses $28,222,067

Other Expenses $19,264,466

TOTAL EXPENSES $33,647,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,320,614	$32,949,412	+0.1%
Expenses	$33,647,901	$31,365,383	+0.1%
Net Income	$1,672,713	$1,584,029	+0.1%

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

177

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

$220,452

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE MORALES	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM REEDY	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NICOLE TIMS	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
MARK VAN ETTEN MD	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN GASKILL DO	BOARD MEMBER/CHIEF OF STAFF	2.00	Director	$0	$0	$0
MATT THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE CHURCHILL	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA BUSCH	CHIEF FINANCIAL OFFICER	40.00	Officer	$188,178	$32,274	$220,452
MICHAEL SCHAFER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$0	$0	$0
PHILIP MOFLE MD	SURGERY MEDICAL DIRECTOR	40.00	Highest	$355,702	$54,906	$410,608
TAMARA DANIELS MD	E.D. MEDICAL DIRECTOR	33.00	Highest	$325,933	$59,982	$385,915
TIMOTHY BASSETT	PHARMACY DIRECTOR	40.00	Highest	$197,909	$15,431	$213,340
CONNOR SCHMIDT	CRNA	40.00	Highest	$322,951	$53,504	$376,455
JENNIFER ZIMMER	APNP	40.00	Highest	$166,261	$44,993	$211,254

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	$35,320,614	$33,647,901	$67,259,170	$1,672,713
2024	$32,949,412	$31,365,383	$65,877,495	$1,584,029
2023	$32,545,550	$31,217,257	$63,107,255	$1,328,293
2022	$29,208,258	$27,853,383	$66,862,131	$1,354,875
2021	$30,557,660	$24,568,388	$69,652,889	$5,989,272
2020	$27,175,498	$25,125,123	$55,814,008	$2,050,375
2019	$27,582,920	$25,478,901	$54,037,734	$2,104,019
2018	$25,053,148	$24,038,801	$52,490,281	$1,014,347