FLAMBEAU HOSPITAL INC (EIN 390973724) - Form 990 Financial Analysis & Trantor Score

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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

1957

Legal Domicile

Principal Officer

BILL GASSEN

Phone

7157622484

Tax Period

2024-01-01 to 2024-12-31

FLAMBEAU HOSPITAL INC, founded in 1957, is a mid-sized nonprofit in the Health Care sector that reported $35.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $30.4M left a modest 13% surplus.

Mission

WE ENRICH LIVES TO CREATE HEALTHY COMMUNITIES THROUGH ACCESSIBLE, AFFORDABLE, COMPASSIONATE HEALTH CARE.

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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 $1,562

Program Service Revenue $35,124,052

Investment Income $16,651

Other Revenue $0

TOTAL REVENUE $35,142,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,327,126

Fundraising Expenses $0

Program Expenses $24,197,769

Other Expenses $13,103,127

TOTAL EXPENSES $30,430,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,142,265	$41,270,632	-0.1%
Expenses	$30,430,253	$37,399,624	-0.2%
Net Income	$4,712,012	$3,871,008	+0.2%

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

N/A

Volunteers

125

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

$2,606,691

Total Directors

$3,008,549

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HOERNEMAN MD	BOARD MEMBER/INTERIM MCHS CEO	1.00	Officer Director	$0	$39,013	$1,623,181
COLLEEN HOERNEMAN	CHAIR	1.00	Officer Director	$0	$0	$5,500
DAVID HOLMES	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG MATHISON	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD FERNANDEZ MD	BOARD MEMBER	1.00	Director	$0	$42,454	$634,508
JOHN BALTUS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARK BRADLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$5,500
SAMANTHA KLEBE DO	BOARD MEMBER/MCHS CMO	1.00	Director	$0	$36,357	$739,860
JEANETTE WOJTALEWICZ	INTERIM MCHS CFO	1.00	Officer	$0	$0	$972,510
CATHY BUKOWSKI	FORMER MCHS CFO	0.00		$0	$0	$631,969
SUSAN TURNEY MD	FORMER MCHS CEO	0.00		$0	$0	$2,241,715

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	$35,142,265	$30,430,253	$36,579,229	$4,712,012
2023	$41,270,632	$37,399,624	$33,331,476	$3,871,008
2022	$41,045,125	$39,508,611	$13,266,431	$1,536,514
2021	$36,402,223	$21,118,089	$10,411,282	$15,284,134
2020	$16,936,414	$12,860,995	$21,843,979	$4,075,419
2020	$26,108,434	$26,170,111	$23,202,731	$-61,677
2019	$24,415,515	$24,954,142	$14,919,663	$-538,627
2019	$24,415,515	$24,954,142	$14,919,663	$-538,627
2018	$23,198,769	$23,151,652	$13,798,564	$47,117

FLAMBEAU HOSPITAL INC