Gundersen Clinic Ltd (EIN 391028657) - 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

1963

Legal Domicile

Phone

6087827300

Tax Period

2023-10-01 to 2024-09-30

Gundersen Clinic Ltd, founded in 1963, is a major nonprofit in the Health Care sector that reported $244.3M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $327.5M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROVIDE MEDICAL AND SURGICAL SERVICES, ENGAGE IN MEDICAL EDUCATION AND RESEARCH, AND PROMOTE COMMUNITY HEALTH TO DELIVER THE HIGHEST QUALITY COMPREHENSIVE HEALTH CARE TO ALL PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,187,295

Program Service Revenue $242,398,618

Investment Income $323,956

Other Revenue $392,699

TOTAL REVENUE $244,302,568

Expense Breakdown

Grants Paid $3,592,147

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $290,206,794

Other Expenses $323,887,609

TOTAL EXPENSES $327,479,756

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,302,568	$160,292,970	+0.5%
Expenses	$327,479,756	$227,793,357	+0.4%
Net Income	$-83,177,188	$-67,500,387	+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

N/A

Employees

N/A

Volunteers

N/A

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

$4,284,747

Total Directors

$5,711,035

Key Employees

$3,561,938

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EZANA AZENE MD	MEDICAL GOVERNORS - SECRETARY & TREASURER	2.0	Officer Director	$0	$70,278	$993,585
JENNIFER KLEVEN MD	MEDICAL GOVERNORS - CHAIR	2.0	Officer Director	$0	$49,697	$430,346
BENJAMIN JARMAN MD	MEDICAL GOVERNORS - MEMBER	2.0	Director	$0	$68,372	$540,797
BENJAMIN OROZCO MD	MEDICAL GOVERNORS - MEMBER	2.0	Director	$0	$66,320	$480,721
CHRISTOPHER EBERLEIN MD	MEDICAL GOVERNORS - MEMBER	2.0	Director	$0	$70,228	$468,781
DAVID GERHARD	MEDICAL GOVERNORS - MEMBER (BEGIN 10/24)	2.0	Director	$0	$65,600	$366,830
ELIZABETH COGBILL MD	MEDICAL GOVERNORS - MEMBER	2.0	Director	$0	$41,006	$273,402
PAUL BERGL	MEDICAL GOVERNORS - MEMBER (BEGIN 10/24)	2.0	Director	$0	$74,074	$569,499
ROBYN BORGE MD	MEDICAL GOVERNORS - MEMBER (THRU 1/24)	2.0	Director	$0	$47,055	$367,783
STEPHANIE CARROLL MD	MEDICAL GOVERNORS - MEMBER	2.0	Director	$0	$65,146	$377,749
TREY FOLKERS MD	MEDICAL GOVERNORS - MEMBER (THRU 7/24)	2.0	Director	$0	$70,278	$841,542
HEATHER SCHIMMERS RN	SOUTHERN COUNTIES REGIONAL PRESIDENT, EX-OFFICIO	2.0	Officer	$0	$68,378	$814,550
JOHN CEELEN	CHIEF FINANCIAL OFFICER, TREASURER (BEGIN 2/24)	2.0	Officer	$0	$0	$0
SCOTT RATHGABER MD	CHIEF EXECUTIVE OFFICER	2.0	Officer	$0	$68,728	$1,712,949
STEVE LITTLE	INTERIM CHIEF FINANCIAL OFFICER, TREASURER (THRU 2/24)	2.0	Officer	$0	$0	$333,317
ANDREA WERNER	CHIEF POPULATION OFFICER	0.0	Key Emp	$0	$27,093	$392,292
LEANNE ANDERSEN	CHIEF PEOPLE OFFICER	0.0	Key Emp	$0	$63,599	$627,900
LISA HARTON	CHIEF QUALITY OFFICER	0.0	Key Emp	$0	$29,182	$427,108
MICHAEL DOLAN MD	SOUTHERN CHIEF CLINICAL OFFICER	0.0	Key Emp	$0	$73,420	$714,789
PRAVEEN CHOPRA	CHIEF DIGITAL AND INFORMATION OFFICER	0.0	Key Emp	$0	$70,973	$725,955
WILLIAM FARRELL	CHIEF INNOVATION & STRATEGY OFFICER	0.0	Key Emp	$0	$45,544	$673,894
DOUGLAS HUGHES MD	MEDICAL DOCTOR	0.0	Highest	$0	$54,028	$1,171,106
JEFFREY M LAWRENCE MD	MEDICAL DOCTOR	0.0	Highest	$0	$67,228	$1,303,208
JERRY DAVIS MD	MEDICAL DOCTOR	0.0	Highest	$0	$54,028	$1,209,836
MARK S TOPOLSKI MD	MEDICAL DOCTOR	0.0	Highest	$0	$68,228	$1,392,574
STEVEN WHITFORD MD	MEDICAL DOCTOR	0.0	Highest	$0	$70,228	$1,126,729
ANDREA HAUSER RN	CHIEF NURSING OFFICER AND ADMIN VP	0.0		$0	$57,300	$338,406
BRYAN ERDMANN	CHIEF OPERATING OFFICER	0.0		$0	$74,345	$484,221
DANIEL LILLY	GENERAL COUNSEL	0.0		$0	$69,978	$637,294
ELLEN PEDRETTI-FENDT	VP APPLICATION SERVICES	0.0		$0	$58,022	$278,530
ERIC DEHN	VP ENTERPRISE ARCHITECTURE AND SOLUTION DESIGN	0.0		$0	$66,826	$448,672
GERALD OETZEL	FORMER CHIEF FINANCIAL OFFICER	0.0		$0	$18,108	$573,176
JANINE LUZ	VICE PRESIDENT LEARNING	0.0		$0	$58,985	$344,198
JONATHAN ZLABEK MD	MEDICAL VICE PRESIDENT	0.0		$0	$63,534	$471,782
KARI ADANK	VICE PRESIDENT COMPLIANCE	0.0		$0	$70,013	$376,025
KRAIG SCHUSTER	ADMINISTRATIVE VICE PRESIDENT	0.0		$0	$57,554	$364,011
KRISTER MATTSON	VP ENTERPRISE ANALYTICS	0.0		$0	$57,201	$414,929
MARILU BINTZ MD	CHIEF POPULATION HEALTH OFFICER	0.0		$0	$53,893	$593,038
MARY KUFFEL MD	INTERIM MEDICAL VP, CROSS-FUNCTIONAL CARE	0.0		$0	$11,860	$293,779
MICHAEL MCKEE	Administrative Vice President	0.0		$0	$70,085	$351,145
P MICHAEL JACOBS MD	MEDICAL VICE PRESIDENT	0.0		$0	$38,355	$247,883
PAMELA MAAS	FORMER VICE PRESIDENT BUSINESS SERVICES	0.0		$0	$0	$119,446
SHANNON MULLIGAN	VP HR & TOTAL REWARDS	0.0		$0	$51,715	$381,999
STEPHEN SHAPIRO MD	CHIEF MEDICAL FOUNDATION OFFICER	0.0		$0	$69,648	$589,136
TODD KOWALSKI MD	MEDICAL VICE PRESIDENT	0.0		$0	$74,320	$613,182

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	$244,302,568	$327,479,756	$220,088,578	$-83,177,188
2023	$160,292,970	$227,793,357	$218,304,419	$-67,500,387
2022	$202,179,692	$271,698,125	$198,877,511	$-69,518,433
2021	$170,123,058	$229,129,867	$196,742,108	$-59,006,809
2020	$159,193,400	$269,927,525	$210,830,345	$-110,734,125
2019	$164,171,225	$252,921,512	$222,201,328	$-88,750,287
2018	$159,351,688	$243,203,980	$195,462,356	$-83,852,292

Gundersen Clinic Ltd