BLACK RIVER HEALTH INC (EIN 391027536) - 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

1966

Legal Domicile

Principal Officer

CARL SELVICK

Phone

7152845361

Tax Period

2024-01-01 to 2024-12-31

BLACK RIVER HEALTH INC, founded in 1966, is a mid-sized nonprofit in the Health Care sector that reported $70.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $65.6M left a modest 6% surplus.

Mission

TO HELP PATIENT'S IMPROVE THEIR LIVES THROUGH COMPASSIONATE, COMMUNITY-BASED 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 $58,263

Program Service Revenue $66,780,361

Investment Income $3,147,371

Other Revenue $26,926

TOTAL REVENUE $70,012,921

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $36,471,584

Fundraising Expenses $0

Program Expenses $47,630,495

Other Expenses $29,093,448

TOTAL EXPENSES $65,570,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,012,921	$74,614,346	-0.1%
Expenses	$65,570,032	$64,609,427	+0.0%
Net Income	$4,442,889	$10,004,919	-0.6%

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

390

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

$1,654,577

Total Directors

$647,110

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CAROL MARTIN	CHIEF OF STAFF/DIR. (THRU 12/2024)	34.00	Officer Director	$547,412	$99,698	$647,110
ALEX BRADLEY CHOWN	CHAIR (THRU 12/2024)	5.00	Officer Director	$0	$0	$0
TIMOTHY TRANBERG	DIRECTOR, CHAIR (BEG. 12/2024)	4.00	Officer Director	$0	$0	$0
MICHELE SEVERSON	VICE CHAIR (THRU 12/2024)	4.00	Officer Director	$0	$0	$0
MICHELLE GREENDEER-RAVE	TREASURER (THRU 11/2024)	4.00	Officer Director	$0	$0	$0
WALLACE APLAND III	DIRECTOR	4.00	Director	$0	$0	$0
DR MICHELLE CLARK-FORSTING	DIR./CHIEF PHYS. EXEC. (BEG. 12/24)	4.00	Director	$0	$0	$0
DR NICHOLAS KITOWSKI	DIRECTOR (BEG. 12/2024)	4.00	Director	$0	$0	$0
TIMOTHY KUNES	DIRECTOR	4.00	Director	$0	$0	$0
DR KIRK LANE	DIRECTOR (BEG. 12/2024)	4.00	Director	$0	$0	$0
KATHERINE POTTER	DIRECTOR	4.00	Director	$0	$0	$0
DR THOMAS WALKER	DIRECTOR	4.00	Director	$0	$0	$0
HOLLY WINN	CFO	40.00	Officer	$397,682	$87,375	$485,057
CARL SELVICK	CEO	40.00	Officer	$476,693	$45,717	$522,410
DR ESTEBAN MILLER	PHYSICIAN	42.00	Highest	$474,405	$96,808	$571,213
DR TROY SENNHOLZ	PHYSICIAN	28.00	Highest	$385,083	$89,040	$474,123
EDWARD ZHOVTIS	ANESTHESIA DEPT DIRECTOR	27.00	Highest	$301,719	$38,528	$340,247
DONALD HART	CRNA	27.00	Highest	$267,005	$78,875	$345,880
GREGORY EDDY	CRNA	27.00	Highest	$251,845	$77,193	$329,038
MARY BETH WHITE-JACOBS	FORMER CEO	40.00		$129,103	$0	$129,103

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	$70,012,921	$65,570,032	$107,569,105	$4,442,889
2023	$74,614,346	$64,609,427	$100,100,495	$10,004,919
2022	$63,728,834	$65,378,612	$89,753,789	$-1,649,778
2021	$67,339,111	$63,375,757	$96,205,640	$3,963,354
2020	$66,477,781	$61,601,731	$96,587,959	$4,876,050
2019	$75,183,365	$68,845,923	$88,970,911	$6,337,442
2018	$67,287,308	$60,969,192	$64,488,133	$6,318,116

BLACK RIVER HEALTH INC