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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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

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.

Program Service Accomplishments

Program 1
Expenses: $3,279,527

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...

Read more

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare AMERY REGIONAL MEDICAL CENTER FOUNDATION INC with other nonprofits in Minnesota and across the country.