SPOONER HEALTH SYSTEM INC (EIN 390892183) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

SPOONER HEALTH SYSTEM INC