AMERY REGIONAL MEDICAL CENTER FOUNDATION INC

EIN: 391726539 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$475,669
Total Expenses
$3,279,527
Total Assets
$5,177,545
Net Assets
$1,906,500
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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
1991
Legal Domicile
WI
Principal Officer
DEBRA A RUDQUIST
Phone
7152688000
Tax Period
2023-01-01 to 2023-12-31

AMERY REGIONAL MEDICAL CENTER FOUNDATION INC, founded in 1991, is a small nonprofit in the Health Care sector that reported $476K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 589% operating deficit.

Mission

TO PROMOTE THE HEALTH AND WELLNESS IN THE COMMUNITIES SERVED BY AMERY REGIONAL MEDICAL CENTER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $311,711
Program Service Revenue $0
Investment Income $159,890
Other Revenue $4,068
TOTAL REVENUE $475,669

Expense Breakdown

Grants Paid $3,279,527
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,279,527
Other Expenses $0
TOTAL EXPENSES $3,279,527

Year-over-Year Comparison

2023 2022 Change
Revenue $475,669 $2,190,506 -0.8%
Expenses $3,279,527 $1,482,153 +1.2%
Net Income $-2,803,858 $708,353 -5.0%
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
8
Independent Members
8
Employees
N/A
Volunteers
86

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
$1,259,663
Total Directors
9
$474,745
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE SCHAEFER DIRECTOR & CHAIR 3.00
Director
$0 $0 $0
BRIAN BYRNES DIRECTOR, SECRETARY, TRES 2.00
Director
$0 $0 $0
JON BUSS DIRECTOR 2.00
Director
$0 $0 $0
BRUCE F DENNISON MD DIRECTOR 2.00
Director
$0 $0 $0
SHARI OVERBY DIRECTOR 2.00
Director
$0 $0 $0
J MARTIN NOONAN DIRECTOR & VICE CHAIR 2.00
Director
$0 $0 $0
DEBRA A RUDQUIST DIRECTOR & PRESIDENT 0.50
Officer Director
$0 $64,811 $474,745
JANE JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
NEIL ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
LISA RUEHLOW EXECUTIVE DIRECTOR 55.00
Officer
$0 $38,096 $137,014
DOUGLAS E JOHNSON CFO 0.50
Officer
$0 $44,121 $647,904
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 No data No data No data No data
2023 $475,669 $3,279,527 $5,177,545 $-2,803,858
2022 $2,190,506 $1,482,153 $4,817,662 $708,353
2021 $2,313,518 $143,205 $4,016,801 $2,170,313
2020 $1,381,073 $124,091 $1,832,774 $1,256,982
2019 $426,368 $384,644 $706,221 $41,724
2018 $325,171 $259,033 $579,490 $66,138
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