REEDSBURG AREA MEDICAL CENTER (EIN 391091432) - 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

1967

Legal Domicile

Principal Officer

ROBERT VAN MEETEREN

Phone

6085246487

Tax Period

2023-10-01 to 2024-09-30

REEDSBURG AREA MEDICAL CENTER, founded in 1967, is a major nonprofit in the Health Care sector that reported $111.6M in total revenue in fiscal year 2023.

Mission

PROVIDE QUALITY, COMPASSIONATE, & EFFECTIVE HEALTH CARE GOING BEYOND THE EXPECTED IN ALL WE DO.

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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 $7,452

Program Service Revenue $106,800,099

Investment Income $2,695,919

Other Revenue $2,085,230

TOTAL REVENUE $111,588,700

Expense Breakdown

Grants Paid $1,534,639

Salaries & Benefits $58,585,618

Fundraising Expenses $0

Program Expenses $98,042,347

Other Expenses $48,394,879

TOTAL EXPENSES $108,515,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,588,700	$103,503,116	+0.1%
Expenses	$108,515,136	$100,761,358	+0.1%
Net Income	$3,073,564	$2,741,758	+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

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

752

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

$938,359

Total Directors

$1,374,855

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER WENNINGER MD	MEDICAL ADVISOR/TRUSTEE	40.00	Director	$900,285	$44,590	$944,875
BENJAMIN NESSEIM	PHYSICIAN	40.00	Director	$381,907	$45,773	$427,680
DEREK HORKAN	TRUSTEE	0.50	Director	$1,450	$0	$1,450
RAYNELLE SYFTESTAD	SECRETARY	0.50	Officer Director	$850	$0	$850
JULIE ADELMAN	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JOEL GROSKREUTZ	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
KRISTI BROWN	TREASURER	0.50	Officer Director	$0	$0	$0
BECKY PETERSON	TRUSTEE	0.50	Director	$0	$0	$0
RICHIE STRUTZ	TRUSTEE	0.50	Director	$0	$0	$0
KATHY REUTER	TRUSTEE	0.50	Director	$0	$0	$0
DON LICHTE JR	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT VAN MEETEREN	CEO / PRESIDENT	40.00	Officer	$480,208	$91,963	$572,171
BARRY BORCHERT	CFO	40.00	Officer	$303,364	$61,974	$365,338
MATTHEW NIESEN	PHYSICIAN	40.00	Highest	$967,905	$19,558	$987,463
CHRISTOPHER DALE MD	PHYSICIAN	40.00	Highest	$685,614	$284	$685,898
CHRISTINE TRAUTMAN	PHYSICIAN	40.00	Highest	$520,724	$41,620	$562,344
ANTHONY RUZGA	PHYSICIAN	40.00	Highest	$502,437	$41,210	$543,647
CHRISTOPHER BJORKLUND	ANESTHESIOLOGIST/FOUNDATION LIAISON	40.00	Highest	$377,210	$42,075	$419,285

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	$111,588,700	$108,515,136	$142,027,529	$3,073,564
2023	$103,503,116	$100,761,358	$113,873,746	$2,741,758
2022	$101,794,489	$96,795,470	$109,133,563	$4,999,019
2021	$100,123,235	$92,554,296	$119,002,256	$7,568,939
2020	$85,985,153	$85,312,139	$115,043,817	$673,014
2019	$75,106,494	$77,995,121	$102,589,054	$-2,888,627
2018	$74,406,264	$76,458,332	$104,334,269	$-2,052,068
2018	$74,406,264	$76,458,332	$104,334,269	$-2,052,068

REEDSBURG AREA MEDICAL CENTER