AMERY REGIONAL MEDICAL CENTER INC

EIN: 390908320 501(c)(3) Recreation & Sports

MINNEAPOLIS, MN

Total Revenue
$81,893,978
Total Expenses
$75,640,271
Total Assets
$61,891,041
Net Assets
$41,791,633
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
WI
Principal Officer
ALITA R RISINGER
Phone
7152688000
Tax Period
2023-01-01 to 2023-12-31

AMERY REGIONAL MEDICAL CENTER INC, founded in 1954, is a mid-sized nonprofit in the Recreation & Sports sector that reported $81.9M in total revenue in fiscal year 2023. Expenses of $75.6M left a modest 8% surplus.

Mission

TO PROVIDE ACCESSIBLE, COMPREHENSIVE, QUALITY HEALTHCARE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,193,584
Program Service Revenue $76,458,992
Investment Income $1,114,592
Other Revenue $126,810
TOTAL REVENUE $81,893,978

Expense Breakdown

Grants Paid $5,794
Salaries & Benefits $52,736,714
Fundraising Expenses $0
Program Expenses $66,777,342
Other Expenses $22,897,763
TOTAL EXPENSES $75,640,271

Year-over-Year Comparison

2023 2022 Change
Revenue $81,893,978 $77,041,666 +0.1%
Expenses $75,640,271 $71,581,746 +0.1%
Net Income $6,253,707 $5,459,920 +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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
7
Employees
477
Volunteers
12

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
8
$2,316,640
Total Directors
13
$2,391,504
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK DADO DIRECTOR & SECRETARY 1.75
Officer Director
$1,200 $0 $1,200
CHUCK WILLIAMSON DIRECTOR 1.75
Director
$1,200 $0 $1,200
JAMES A LEADHOLM JR DIRECTOR & CHAIR 1.75
Officer Director
$1,200 $0 $1,200
MAI XIA HER-WARNER DIRECTOR 1.75
Director
$1,200 $0 $1,200
JANE JOHNSON DIRECTOR 1.75
Director
$1,200 $0 $1,200
CHRIS PETERSEN DIRECTOR 1.75
Director
$1,200 $0 $1,200
ORALEE SCHOCK DIRECTOR & VICE CHAIR 1.75
Officer Director
$1,200 $0 $1,200
ROSS R BULLARD DIRECTOR & TREASURER 2.00
Officer Director
$0 $101,095 $426,163
STEVEN J LONG MD DIRECTOR 0.25
Director
$0 $45,125 $465,992
MARTIN E RICHARDS MD DIRECTOR 0.25
Director
$0 $68,607 $585,700
MARYANN SCOGLIO APRN DIRECTOR 0.25
Director
$0 $50,056 $232,975
BRIAN H RANK MD DIRECTOR 0.25
Director
$0 $82,232 $342,049
RONDA D DAVIS MD DIRECTOR 0.25
Director
$0 $60,462 $330,225
DEBRA A RUDQUIST DIRECTOR & PRESIDENT 50.00
Officer
$0 $64,811 $474,745
PATRICK D SURA MD DIR & CHIEF MED OFFICER 0.25
Officer
$0 $67,722 $528,241
DOUGLAS E JOHNSON CFO 13.75
Officer
$0 $44,121 $647,904
KEVIN M JUST VP PATIENT CARE SERVICES 0.25
Officer
$214,397 $21,590 $235,987
JAMES G ERICKSON REGISTERED NURSE SUPERVISOR 42.00
Highest
$144,466 $43,917 $188,383
STEVEN L ROZENBLOOM FINANCE DIRECTOR 50.00
Highest
$189,950 $46,638 $236,588
JOLLEEN M NICHOLS PROVIDER-APNP 40.00
Highest
$150,978 $17,565 $168,543
VICTORIA R STUDTMANN PROVIDER-APNP 36.00
Highest
$143,208 $43,628 $186,836
SARAH L KNUTSON NURSE PRACTITIONER 40.00
Highest
$151,383 $43,354 $194,737
JASON J LUHRS FORMER CFO 0.00
$0 $65,808 $413,398
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 $81,893,978 $75,640,271 $61,891,041 $6,253,707
2022 $77,041,666 $71,581,746 $63,918,701 $5,459,920
2021 $71,244,639 $67,519,447 $71,776,941 $3,725,192
2020 $65,056,389 $61,863,208 $67,160,715 $3,193,181
2019 $63,178,386 $61,483,869 $53,164,869 $1,694,517
2018 $61,260,284 $60,456,393 $51,714,878 $803,891
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