REEDSBURG AREA MEDICAL CENTER FOUNDATION LTD

EIN: 391243616 501(c)(3) Health Care

REEDSBURG, WI

Total Revenue
$837,263
Total Expenses
$1,704,755
Total Assets
$2,475,239
Net Assets
$2,436,321
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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
1976
Legal Domicile
WI
Principal Officer
BARRY BORCHERT
Phone
6085249088
Tax Period
2025-01-01 to 2025-09-30

REEDSBURG AREA MEDICAL CENTER FOUNDATION LTD, founded in 1976, is a small nonprofit in the Health Care sector that reported $837K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 104% operating deficit.

Mission

THE ORGANIZATION IS A CHARITABLE AND EDUCATIONAL ORGANIZATION, THE PURPOSES OF WHICH ARE TO SOLICIT, HOLD, MANAGE, INVEST, AND EXPEND THE ENDOWMENT FUNDS AND OTHER GIFTS, GRANTS AND BEQUESTS EXCLUSIVELY FOR THE MAINTENANCE AND BENEFIT OF REEDSBURG AREA MEDICAL CENTER, INC. AND REEDSBURG AREA SENIOR LIFE CENTER, INC BOTH OF REEDSBURG, WISCONSIN, AND SUCH OF ITS MEDICAL RESEARCH, EDUCATIONAL OR CHARITABLE PROGRAMS OR ACTIVITIES AS THE BOARD OF DIRECTORS OF THE FOUNDATION DEEMS TO BE SUITABLE AND APPROPRIATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $556,303
Program Service Revenue $199,041
Investment Income $22,194
Other Revenue $59,725
TOTAL REVENUE $837,263

Expense Breakdown

Grants Paid $1,504,977
Salaries & Benefits $0
Fundraising Expenses $19,786
Program Expenses $1,649,538
Other Expenses $199,778
TOTAL EXPENSES $1,704,755

Year-over-Year Comparison

2024 2023 Change
Revenue $837,263 $3,992,728 -0.8%
Expenses $1,704,755 $2,705,551 -0.4%
Net Income $-867,492 $1,287,177 -1.7%
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

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Governance

Voting Members
7
Independent Members
7
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM SCHWEICH PRESIDENT 1.00
Officer Director
$0 $0 $0
JAYSON PETTIT SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
RYAN BOHEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MOLLY KUPER DIRECTOR 1.00
Director
$0 $0 $0
PAM WELCH DIRECTOR 1.00
Director
$0 $0 $0
LUCINDA ERBS DIRECTOR 1.00
Director
$0 $0 $0
BILL GRONLEY DIRECTOR 1.00
Director
$0 $0 $0
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
2025 $837,263 $1,704,755 $2,475,239 $-867,492
2024 No data No data No data No data
2023 $866,495 $1,281,704 $2,075,272 $-415,209
2022 $460,694 $402,561 $2,486,428 $58,133
2021 $476,531 $276,006 $2,481,524 $200,525
2020 $318,112 $173,037 $2,272,122 $145,075
2019 $283,046 $1,399,787 $2,145,075 $-1,116,741
2018 $371,404 $184,238 $3,191,096 $187,166
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