MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
AMERY REGIONAL MEDICAL CENTER FOUNDATION (FOUNDATION) EXISTS TO PROMOTE THE HEALTH AND WELLNESS OF THE PEOPLE IN THE COMMUNITIES SERVED BY AMERY REGIONAL MEDICAL CENTER (ARMC) BY PARTICIPATING IN VARIOUS FUNDRAISING ACTIVITIES.
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE AMERY REGIONAL MEDICAL CENTER FOUNDATION, INC. (THE FOUNDATION), IS A WISCONSIN NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER...
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE AMERY REGIONAL MEDICAL CENTER FOUNDATION, INC. (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 HEALTHPARTNERS ORGANIZATION ("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 NONPROFIT 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 NONPROFIT 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 HOSPITAL FOUNDATION, CAPITOL VIEW TRANSITIONAL CARE CENTER, LAKEVIEW HEALTH, AND RH-WISCONSIN, INC., ALL OF WHICH ARE NON-PROFIT CORPORATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). RH-WISCONSIN AND GROUP HEALTH PLAN, INC. (GHI) ARE CORPORATE MEMBERS OF AMERY REGIONAL MEDICAL CENTER, INC. (ARMC). ARMC IS A WISCONSIN NON-PROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3). IN TURN, ARMC IS THE SOLE CORPORATE MEMBER OF THE FOUNDATION. AMERY REGIONAL MEDICAL CENTER IS DOING BUSINESS AS AMERY HOSPITAL & CLINIC (AHC). THE FOUNDATION EXISTS TO PROMOTE THE HEALTH AND WELLNESS OF THE PEOPLE IN THE COMMUNITIES SERVED BY ARMC BY PARTICIPATING IN VARIOUS FUNDRAISING ACTIVITIES. BENEFIT TO THE COMMUNITY FUNDRAISERS WE HELD THREE PUBLIC FUNDRAISING EVENTS THIS YEAR, AND SEVERAL SMALLER EVENTS INCLUDING: THE INTERNAL EMPLOYEE GIVING CAMPAIGN; PARTICIPATING IN "ST. CROIX VALLEY'S GIVE BIG" DAY OF ONLINE GIVING TO SUPPORT NON-PROFITS; AND AN END-OF-THE-YEAR LETTER CAMPAIGN. IN JANUARY, WE HELD OUR FIRST EVER PAINT-N-SIP EVENT AND RAISED FUNDS TO PURCHASE NEW ARTWORK BY LOCAL ARTISTS IN HIGH VISIBILITY, PUBLIC SPACES THAT ENCOURAGE HEALING AND CELEBRATE COMMUNITY CONNECTIONS. THE ART ENHANCES PATIENT EXPERIENCE AND HEALING IN OUR NEW CHEMO INFUSION CENTER AND RENOVATED AND EXPANDED EMERGENCY DEPARTMENT AT AMERY HOSPITAL & CLINIC. THIS EVENT EARNED $6,495 OUR MAJOR FUNDRAISER WAS OUR 35TH ANNUAL GOLF CLASSIC IN SEPTEMBER. THIS EVENT SURPASSED OUR FUNDRAISING GOAL AND BECAME THE LARGEST FUNDRAISER EVER FOR THE ARMC FOUNDATION, RAISING NEARLY $47,000 (NETTING OVER $40,000) TO SUPPORT COMMUNITY HEALTH PROGRAMS LIKE POWERUP IN AMERY. WE BROUGHT BACK OUR WONDERFUL WORLD OF WINE EVENT, WHICH HAD NOT BEEN POSSIBLE SINCE 2019 DUE TO THE PANDEMIC. THIS EVENT FEATURED THE WINE MAKER AND OWNER OF CHATEAU ST. CROIX TEACHING AND GUIDING THROUGH FIVE SERIES OF WINE TASTINGS, ACCOMPANIED BY FIVE COURSES PREPARED BY A LOCAL GOURMET CHEF. THE EVENT NETTED $6,729 TO SUPPORT EMERGENCY PATIENT NEEDS THROUGH OUR GOOD SAMARITAN FUND. APRIL'S "ONE CAMPAIGN" RAISED $26,585.45 IN EMPLOYEE GIVING IN 2023 WITH OVER 46% OF EMPLOYEES PLEDGING TO PARTICIPATE. THIS WAS AN ENORMOUS INCREASE OVER LAST YEAR'S 18% EMPLOYEE PARTICIPATION. EMPLOYEES DIRECTED THESE FUNDS TO COMMUNITY GIVING, HOSPITAL SUPPORTED PROGRAMS, THE EMERGENCY DEPARTMENT UPGRADE, COMMUNITY HEALTH INITIATIVES, PATIENT CARE NEEDS, EMPLOYEE-TO-EMPLOYEE ASSISTANCE, THE GOOD SAMARITAN FUND, AND TO THE FOUNDATION'S GREATEST NEEDS FUND. OUR END-OF-THE-YEAR LETTER CAMPAIGN RAISED $6,420.00 FOR POWERUP AND THE FOUNDATION'S GREATEST NEEDS FUND. DONATIONS RECEIVED: IN ADDITION TO THESE FUNDRAISING EVENTS, WE RECEIVED $10,883.16 IN ANNUAL GIVING, $5,622.89 IN MEMORIAL GIFTS AND NON-MONETARY GIFTS VALUED BY THEIR DONORS AT $4,683.00.
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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare AMERY REGIONAL MEDICAL CENTER FOUNDATION INC with other nonprofits in Minnesota and across the country.