HUDSON, WI
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Sign In — Free (10 views/day)HUDSON HOSPITAL FOUNDATION INC, founded in 1977, is a small nonprofit that reported $456K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $723K exceeded revenue, resulting in a 59% operating deficit.
TO SUPPORT, ACT FOR THE BENEFIT OF, AND CARRY OUT THE CHARITABLE PURPOSE OF HUDSON HOSPITAL, INC. BY SUPPORTING COMMUNITY HEALTH EDUCATION, PROVIDING HOME CARE ASSISTANCE, AND CONTRIBUTING TO OTHER HEALTH RELATED CHARITABLE ENDEAVORS.
HUDSON HOSPITAL FOUNDATION THE PURPOSE OF THE HUDSON HOSPITAL FOUNDATION (THE FOUNDATION) IS TO RAISE PHILANTHROPIC FUNDS FROM ITS CONSTITUENCY TO ADVANCE THE MISSION, VISION, AND VALUES OF HUDSON...
HUDSON HOSPITAL FOUNDATION THE PURPOSE OF THE HUDSON HOSPITAL FOUNDATION (THE FOUNDATION) IS TO RAISE PHILANTHROPIC FUNDS FROM ITS CONSTITUENCY TO ADVANCE THE MISSION, VISION, AND VALUES OF HUDSON HOSPITAL, INC. (HOSPITAL), A WISCONSIN LICENSED 25-BED, LEVEL IV CRITICAL ACCESS HOSPITAL LOCATED IN HUDSON, WISCONSIN. ESTABLISHED IN 1977, THE FOUNDATION RAISES FUNDS TO PROVIDE SIGNIFICANT FINANCIAL SUPPORT FOR PROGRAMS AND CAPITAL NEEDS THAT ASSIST THE HOSPITAL AND COMMUNITY WITH PROVIDING EXCEPTIONAL CARE CLOSE TO HOME. I. ORGANIZATION AND GOVERNANCE THE FOUNDATION IS A WISCONSIN NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS PART OF THE FAMILY OF HEALTHPARTNERS ORGANIZATIONS "HEALTHPARTNERS". FOUNDED IN 1957, HEALTHPARTNERS IS AN INTEGRATED HEALTH CARE ORGANIZATION, PROVIDING HEALTH CARE SERVICES AND HEALTH PLAN FINANCING AND ADMINISTRATION. HEALTHPARTNERS' MISSION IS TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS, AND COMMUNITY. HEALTHPARTNERS SEEKS TO TRANSFORM HEALTH CARE THROUGH A RELENTLESS FOCUS ON THE TRIPLE AIM - PROVIDING EXCEPTIONAL EXPERIENCE FOR THE INDIVIDUAL, IMPROVING THE HEALTH OF THE POPULATION, AND MAINTAINING AFFORDABILITY. HEALTHPARTNERS, INC. (HPI) IS A MINNESOTA NONPROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(4) AND IS THE PARENT ENTITY OF HEALTHPARTNERS ORGANIZATIONS REFERRED TO COLLECTIVELY AS "HEALTHPARTNERS". HEALTHPARTNERS INCLUDES AN ARRAY OF TAX-EXEMPT AND TAXABLE ORGANIZATIONS. HEALTHPARTNERS PROVIDES A FULL RANGE OF HEALTH CARE DELIVERY AND HEALTH PLAN SERVICES INCLUDING INSURANCE, PATIENT CARE, ADMINISTRATION AND HEALTH AND WELL-BEING PROGRAMS. HEALTHPARTNERS HEALTH PLANS SERVE MORE THAN 1.8 MILLION MEDICAL AND DENTAL MEMBERS NATIONWIDE. HEALTHPARTNERS MEDICAL CARE SYSTEM INCLUDES MORE THAN 2,000 EMPLOYED PHYSICIANS AND DENTISTS, EIGHT OWNED HOSPITALS WITH OVER 1,000 ACUTE CARE BEDS, OVER 100 PRIMARY AND SPECIALTY CARE MEDICAL FACILITIES AND DENTAL FACILITIES WITH PRACTICES IN MINNESOTA AND WESTERN WISCONSIN SERVING MORE THAN 1.34 MILLION PATIENTS. HEALTHPARTNERS HEALTH PLANS CONTRACT WITH OTHER PRIMARY AND SPECIALTY MEDICAL FACILITIES AND DENTAL FACILITIES, PHYSICIAN GROUPS, HOSPITALS, AND RELATED HEALTHCARE PROVIDERS TO SERVE PLAN MEMBERS. HEALTHPARTNERS ALSO PROVIDES MEDICAL EDUCATION AND TRAINING TO MEDICAL PROFESSIONALS AND CONDUCTS RESEARCH AND FUNDRAISING ACTIVITIES THAT SUPPORT THE HEALTH CARE DELIVERY SYSTEM. HEALTHPARTNERS COLLABORATES WITH OTHER PLANS, CARE PROVIDERS AND OTHER COMMUNITY AND BUSINESS ORGANIZATIONS IN THE REGION AND THROUGHOUT THE NATION TO INCREASE ACCESS, CREATE AND SHARE QUALITY MEASURES AND INITIATIVES, PARTICIPATE IN DEVELOPMENT OF PUBLIC POLICY, AND COLLABORATE IN IMPROVEMENTS THAT SUPPORT THE TRIPLE AIM. AMONG HEALTHPARTNERS' SIGNATURE INITIATIVES ARE TOTAL COST OF CARE MEASUREMENTS (A NATIONALLY RECOGNIZED METRIC, ENABLING MEASUREMENT AND INCENTIVES BASED ON COORDINATION AND EVIDENCE-BASED PRACTICES), MENTAL HEALTH (REDUCING STIGMA, AND ASSURING ACCESS TO HIGH QUALITY CARE IN THE MOST APPROPRIATE SETTINGS), CHILDREN'S HEALTH (IMPROVING CHILD HEALTH BY PROMOTING EARLY BRAIN DEVELOPMENT, PROVIDING FAMILY CENTERED CARE, AND STRENGTHENING COMMUNITIES), EQUITY, INCLUSION, AND ANTI-RACISM (ADDRESSING HEALTH EQUITY, ELIMINATING HEALTH CARE DISPARITIES, INCREASING DIVERSITY AND INCLUSION IN OUR WORKPLACES, BUILDING AN ANTI-RACIST CULTURE, AND DEEPENING OUR COLLECTIVE UNDERSTANDING OF CULTURAL HUMILITY) AND SUSTAINABILITY (ENERGY EFFICIENCY, WASTE REDUCTION, AND RESOURCE MANAGEMENT). A COMPLETE LISTING OF ALL ORGANIZATIONS WITHIN HEALTHPARTNERS, AND THE RELATIONSHIP BETWEEN THEM, CAN BE FOUND ON SCHEDULE R WITHIN THIS 990 RETURN. DETAILED INFORMATION ABOUT THE COMMUNITY BENEFIT ACTIVITIES AND ACCOMPLISHMENTS OF EACH TAX-EXEMPT ORGANIZATION CAN BE FOUND IN THE INDIVIDUAL FORM 990 RETURN FOR THAT ORGANIZATION. HEALTHPARTNERS, INC. (HPI) IS THE PARENT ENTITY OF HEALTHPARTNERS AND IS A MINNESOTA NON-PROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(4). HPI IS THE SOLE CORPORATE MEMBER OF HPI-RAMSEY, A MINNESOTA NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). IN TURN, HPI-RAMSEY IS THE SOLE CORPORATE MEMBER OF REGIONS HOSPITAL (REGIONS), REGIONS HOSPITAL FOUNDATION, CAPITOL VIEW TRANSITIONAL CARE CENTER, LAKEVIEW HEALTH, AND RH-WISCONSIN, ALL OF WHICH ARE NON-PROFIT CORPORATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). RH-WISCONSIN, ALONG WITH GROUP HEALTH PLAN, INC. (GHI), A MINNESOTA NON-PROFIT CORPORATION AND LICENSED STAFF MODEL HMO RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), ARE CORPORATE MEMBERS OF THE HOSPITAL, WESTFIELDS HOSPITAL, INC. (WESTFIELDS), A WISCONSIN LICENSED 25-BED, LEVEL IV CRITICAL ACCESS HOSPITAL LOCATED IN NEW RICHMOND, WISCONSIN, AND AMERY REGIONAL MEDICAL CENTER, INC. (ARMC), A WISCONSIN LICENSED 25-BED, LEVEL IV CRITICAL ACCESS HOSPITAL LOCATED IN AMERY, WISCONSIN. THE HOSPITAL, WESTFIELDS, AND ARMC ARE WISCONSIN NONPROFIT CORPORATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). THE HOSPITAL IS THE SOLE CORPORATE MEMBER OF THE FOUNDATION. THE FOUNDATION IS GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS COMPRISED OF UP TO 15 MEMBERS WHO INCLUDE COMMUNITY REPRESENTATIVES, MEDICAL STAFF, AND THE PRESIDENT OF THE HOSPITAL. II. ACTIVITIES THE FOUNDATION STRATEGICALLY PARTNERED WITH MANY ORGANIZATIONS TO IMPROVE CARE LOCALLY AND REGIONALLY IN WESTERN WISCONSIN. OUR FOUNDATION RAISES PHILANTHROPIC DOLLARS FROM HOSPITAL EMPLOYEES AND THE COMMUNITY TO SUPPORT HOSPITAL AND COMMUNITY HEALTH INITIATIVES. HOSPITAL PROGRAM SUPPORT - HEALING ARTS: HEALING ARTS AT HUDSON HOSPITAL & CLINIC INCLUDES PERMANENT ARTWORK, SCULPTURE, GARDENS, MUSIC THERAPY, AROMATHERAPY, AND PET THERAPY. IN 2023, WE CONTINUED TO FUNDRAISE FOR THIS PROGRAM AS WELL AS FOR A HEALING GARDEN WITH BENCHES, NATIVE PLANTS, AND SCULPTURES. THE GARDEN WILL ALSO INCLUDE INSCRIBED PAVERS DEDICATED TO LOVED ONES. THE FOUNDATION CONTINUES TO RAISE FUNDS LOCALLY FOR THIS PROGRAM, WHICH GIVES PATIENTS, FAMILIES, AND VISITORS A MORE HOLISTIC PERSPECTIVE ON WHAT A HEALING ENVIRONMENT IN A HOSPITAL AND CLINIC CAN LOOK LIKE. IN 2023, THE COMMUNITY HEALING GARDEN WAS CREATED AND INSTALLED ON OUR HOSPITAL CAMPUS, JUST EAST OF THE EMERGENCY DEPARTMENT. IN 2024, THE ENGRAVED PAVERS, SIGNAGE, AND BENCHES WERE INSTALLED. WE HOSTED AN OPEN HOUSE FOR THE COMMUNITY WITH A RIBBON CUTTING CEREMONY THROUGH THE HUDSON CHAMBER OF COMMERCE. - ONE CAMPAIGN: THE HOSPITAL PARTICIPATED IN AN EMPLOYEE GIVING CAMPAIGN THAT NETTED NEARLY $28,000. THE FUNDS WILL BE USED TO ENHANCE THE EXPERIENCES OF THE PATIENTS, VISITORS, AND EMPLOYEES THROUGHOUT THE CAMPUS, AS WELL AS COMMUNITY HEALTH GRANTS. A FEW EXAMPLES OF ACTIVITIES SUPPORTED BY EMPLOYEE CONTRIBUTIONS ARE: 1. PEDIATRIC COLORING BOOKS, TOYS, GAMES, MOVIES, AND ELECTRONICS ARE PROVIDED FOR FAMILIES IN THE INFUSION, SPECIALTY, SURGERY, BIRTH CENTER, IMAGING, AND INPATIENT DEPARTMENTS. 2. ONCOLOGY PATIENTS RECEIVE A "FINAL DAY OF CHEMO" CELEBRATION WITH CERTIFICATES OF ACHIEVEMENTS. 3. COVID-19 RESPONSE AND RESILIENCE FUNDS WERE USED TO OFFER REGULAR RECOGNITION AND BREAKS FOR HEALTH CARE WORKERS. CARE ITEMS INCLUDING SNACKS, TEA, HOT COCOA, AND LOTIONS WERE DELIVERED TO EVERY DEPARTMENT. 4. EMPLOYEE EMERGENCY FUND PROVIDES GRANTS OF UP TO $1,000 AND UP TO $100 IN GIFT CARDS FOR EMPLOYEES' TEMPORARY AND UNEXPECTED FINANCIAL CRISES. GRANTS ARE PAID DIRECTLY TOWARD AN EMPLOYEE'S BILL, SUCH AS APARTMENT RENTAL, DAY CARE EXPENSE, OR CAR PAYMENT. GIFT CARDS ARE FOR LIVING EXPENSES SUCH AS GAS, FOOD, OR OTHER DAILY NECESSITIES. - BEHAVIORAL HEALTH SUPPORT THE FOUNDATION PROVIDED VARIED SUPPORT TO BEHAVIORAL HEALTH SERVICES AT HUDSON HOSPITAL. WE PROVIDED TRANSPORTATION FUNDING FOR PATIENTS VOLUNTARILY ADMITTING THEMSELVES TO INPATIENT MENTAL HEALTH OR SUBSTANCE USE TREATMENT. IN ADDITION, WE PROVIDED MEDICATION LOCK BOXES FOR PATIENTS TO USE IN CONNECTION WITH THEIR SAFETY PLAN AS THEY RETURN TO THEIR HOME TO LIVE INDEPENDENTLY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $455,923 | $1,651,092 | -0.7% |
| Expenses | $722,888 | $515,603 | +0.4% |
| Net Income | $-266,965 | $1,135,489 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ISABELLA BRONSON | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| KIMBERLY BEST PAYNE | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| PETER GOODWIN | DIRECTOR & VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| MELISSA KOLB | DIRECTOR & SECRETARY | 0.50 |
Director
|
$0 | $0 | $0 |
| KATIE KRANZ | DIRECTOR & CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY LAFAIVE | DIRECTOR & TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTIN E RICHARDS MD | DIRECTOR | 0.50 |
Director
|
$0 | $68,607 | $585,700 |
| TIM MICHAELS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| NICOLE CHERRIER | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| KAREN EVENSON JAN-JUNE | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| MIKE SWITZER JAN-APR | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| DOUGLAS E JOHNSON | CFO | 0.50 |
Officer
|
$0 | $44,121 | $647,904 |
| THOMAS J BOROWSKI | DIRECTOR & PRESIDENT | 1.00 |
Officer
|
$0 | $64,760 | $471,423 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $455,923 | $722,888 | $6,551,913 | $-266,965 |
| 2022 | $1,651,092 | $515,603 | $5,529,711 | $1,135,489 |
| 2021 | $1,611,492 | $667,473 | $5,284,438 | $944,019 |
| 2020 | $853,092 | $1,495,552 | $4,697,910 | $-642,460 |
| 2019 | $1,310,772 | $453,812 | $5,215,419 | $856,960 |
| 2018 | $1,008,745 | $469,261 | $3,948,478 | $539,484 |
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