GRANT REGIONAL HEALTH CENTER INC

EIN: 391834962 501(c)(3) Health Care

LANCASTER, WI

Total Revenue
$51,230,069
Total Expenses
$49,045,014
Total Assets
$78,164,623
Net Assets
$42,195,051
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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
WI
Principal Officer
JOEL GEHLING
Phone
6087232143
Tax Period
2023-01-01 to 2023-12-31

GRANT REGIONAL HEALTH CENTER INC, founded in 1955, is a mid-sized nonprofit in the Health Care sector that reported $51.2M in total revenue in fiscal year 2023. Expenses of $49.0M left a modest 4% surplus.

Mission

TOGETHER WE ARE DEDICATED TO IMPROVE THE HEALTH AND WELLNESS OF ALL GENERATIONS THROUGH HIGH QUALITY, COMPASSIONATE, AND PATIENT-CENTERED CARE.

Program Service Accomplishments

Program 1
Expenses: $39,813,300 Revenue: $49,483,323

GRANT REGIONAL HEALTH CENTER, INC. ("GRANT REGIONAL") PROVIDES HEALTH CARE SERVICES AND OTHER SUPPORT THROUGH VARIOUS PROGRAMS THAT ARE DESIGNED, AMONG OTHER MATTERS, TO ENHANCE THE HEALTH OF THE...

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GRANT REGIONAL HEALTH CENTER, INC. ("GRANT REGIONAL") PROVIDES HEALTH CARE SERVICES AND OTHER SUPPORT THROUGH VARIOUS PROGRAMS THAT ARE DESIGNED, AMONG OTHER MATTERS, TO ENHANCE THE HEALTH OF THE COMMUNITY, INCLUDING THE HEALTH OF LOW-INCOME PATIENTS. THE ORGANIZATION OPERATES A CRITICAL ACCESS HOSPITAL WHICH PROVIDES INPATIENT ACUTE CARE AND SWING BED SERVICES; ALONG WITH AN EMERGENCY DEPARTMENT, WHICH IS OPEN TWENTY-FOUR HOURS PER DAY; AND OTHER OUTPATIENT SERVICES. AMONG THE SERVICES PROVIDED ARE DIAGNOSTIC CARE INCLUDING LABORATORY AND RADIOLOGY SERVICES, OBSTETRICS, REHABILITATION, SURGICAL SERVICES, AND WALK-IN CARE. GRANT REGIONAL ALSO HAS RELATIONSHIPS WITH REGIONAL CENTERS IN MADISON, WISCONSIN AND DUBUQUE, IOWA WHO COME TO THE FACILITY ON A REGULAR BASIS TO PROVIDE SPECIALTY SERVICES. GRANT REGIONAL'S LOCAL AND CONTRACTED SPECIALTY SERVICES INCLUDE, BUT ARE NOT LIMITED TO: AUDIOLOGY, OPHTHALMOLOGY, ORTHOPEDICS, UROLOGY, ENT, AND NEUROLOGY. DURING 2023, GRANT REGIONAL HAD 838 ROUTINE MED/SURG PATIENT DAYS, 894 SWING BED DAYS, 250 NURSERY DAYS, 294 OBSTETRIC DAYS, AND 16 DAYS OF ROUTINE HOSPICE CARE FOR INPATIENT CARE AND PROVIDED 8,344 VISITS TO PATIENTS NEEDING EMERGENCY OR URGENT CARE IN THE EMERGENCY DEPARTMENT. GRANT REGIONAL ALSO OPERATES TWO SATELLITE CLINICS IN POTOSI AND CASSVILLE. OUR TWO HOMETOWN CLINICS PROVIDE IMPORTANT HEALTHCARE SERVICES FOR SURROUNDING COMMUNITIES. THE CLOSE PROXIMITY HELPS THOSE WHO HAVE DIFFICULTY WITH TRANSPORTATION GET THE IMPORTANT HEALTH CARE THEY REQUIRE WITH LESS TRAVEL.CONSISTENT WITH THE MISSION OF GRANT REGIONAL, CARE IS PROVIDED TO PATIENTS REGARDLESS OF THEIR ABILITY TO PAY, INCLUDING PROVIDING SERVICES TO THOSE PERSONS WHO ARE EITHER UNDERINSURED OR CANNOT AFFORD HEALTH INSURANCE BECAUSE OF INADEQUATE RESOURCES. HEALTH CARE SERVICES TO PATIENTS UNDER GOVERNMENT PROGRAMS, SUCH AS MEDICAID HOSPITAL SERVICES, ARE ALSO CONSIDERED PART OF GRANT REGIONAL'S BENEFIT PROVIDED TO THE COMMUNITY, SINCE A SUBSTANTIAL PORTION OF SUCH SERVICES ARE REIMBURSED AT AMOUNTS LESS THAN THE COSTS OF PROVIDING CARE.PATIENTS WHO MEET CERTAIN CRITERIA FOR CHARITY CARE, BASED ON FEDERAL POVERTY GUIDELINES, ARE PROVIDED CARE AT A SIGNIFICANTLY REDUCED RATE, DETERMINED BASED ON QUALIFYING CRITERIA AS DEFINED IN GRANT REGIONAL'S COMMUNITY CARE POLICY, AND FROM APPLICATIONS COMPLETED BY PATIENTS. THE AMOUNT OF CHARGES FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER THIS POLICY FOR 2023 TOTALED APPROXIMATELY $288,000. IN ADDITION, PATIENT CHARGES TO BENEFICIARIES OF THE WISCONSIN MEDICAID PROGRAM WERE REDUCED BY APPROXIMATELY $6,240,000 IN DISCOUNTS IN 2023. (SEE ALSO SCHEDULE H TO THE FORM 990 FOR ADDITIONAL INFORMATION ON THE COST OF PROVIDING THESE MEDICAL SERVICES TO MEMBERS OF THE COMMUNITY.)IN ADDITION TO THE VARIOUS INPATIENT, OUTPATIENT, AND CHARITY CARE SERVICES, GRANT REGIONAL PROVIDED NUMEROUS BENEFITS TO ITS SURROUNDING COMMUNITIES. GRANT REGIONAL PROVIDED EDUCATION ON TOPICS SUCH AS BREASTFEEDING, CANCER, DIABETES, HEART DISEASE, AND WOMEN'S HEALTH. HEALTH SCREENINGS INCLUDING BLOOD PRESSURE, CHOLESTEROL, DIABETES, HEARING, MAMMOGRAPHY, AND WOMEN'S HEALTH WERE ALSO PROVIDED. (SEE ALSO SCHEDULE H TO THE FORM 990 FOR INFORMATION ON THE COST OF PROVIDING THESE SERVICES IN THE COMMUNITY AND SURROUNDING AREAS.)GRANT REGIONAL ALSO PROVIDES ON-THE-JOB EDUCATION TO COLLEGE STUDENTS PURSUING CAREERS IN HEALTH CARE. STUDENTS ARE MENTORED DURING THEIR TIME AT THE FACILITY BY EMPLOYEES OF GRANT REGIONAL AND GRANT REGIONAL PROVIDES PRACTICAL EXPERIENCE THROUGH ITS CARE ENVIRONMENT FOR STUDENTS TO USE THROUGHOUT THEIR FUTURE CAREERS IN THE NURSING SERVICES FIELD.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $629,305
Program Service Revenue $49,974,485
Investment Income $619,603
Other Revenue $6,676
TOTAL REVENUE $51,230,069

Expense Breakdown

Grants Paid $41,000
Salaries & Benefits $28,377,279
Fundraising Expenses $0
Program Expenses $39,813,300
Other Expenses $20,626,735
TOTAL EXPENSES $49,045,014

Year-over-Year Comparison

2023 2022 Change
Revenue $51,230,069 $49,628,084 +0.0%
Expenses $49,045,014 $44,328,770 +0.1%
Net Income $2,185,055 $5,299,314 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
10
Employees
361
Volunteers
90

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
6
$817,576
Total Directors
11
$128,400
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM GILDERSLEEVE CHAIR 1.00
Officer Director
$0 $0 $0
JASON KENNEY VICE-CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT HOFFMAN SECRETARY 1.00
Officer Director
$0 $0 $0
CRAIG BIERMAN DIRECTOR 0.50
Director
$0 $0 $0
ANDY BUTTLES DIRECTOR 0.50
Director
$0 $0 $0
RICH DHYANCHAND DIRECTOR 0.50
Director
$0 $0 $0
JESSICA HERMSEN DIRECTOR 0.50
Director
$0 $0 $0
MARK HOEHNE DIRECTOR 0.50
Director
$0 $0 $0
SARAH KIRSCHBAUM DIRECTOR 0.50
Director
$0 $0 $0
DR ERIC STADER DIRECTOR/PHYSICIAN 24.00
Director
$128,400 $0 $128,400
KRIS WOLF DIRECTOR 0.50
Director
$0 $0 $0
DAVID SMITH PRESIDENT/CEO 40.00
Officer
$355,976 $52,558 $408,534
JOEL GEHLING CHIEF FINANCIAL OFFICER 40.00
Officer
$194,234 $26,761 $220,995
TAMARA CHAMBERS CHIEF CLINICAL OFFICER 40.00
Officer
$176,951 $11,096 $188,047
BRADLEY G BINSFELD ORTHOPEDIC SURGEON 40.00
Highest
$693,766 $30,426 $724,192
DARREN W PERTTU SURGEON 40.00
Highest
$849,466 $49,570 $899,036
DALE R CHILSON PHYSICIAN/SURGEON 40.00
Highest
$793,484 $28,054 $821,538
KIMBERLY A PERTTU PHYSICIAN 40.00
Highest
$462,727 $22,506 $485,233
DAVID EDUARDO CASILLAS PHYSICIAN 40.00
Highest
$386,676 $22,081 $408,757
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 $51,230,069 $49,045,014 $78,164,623 $2,185,055
2022 $49,628,084 $44,328,770 $76,756,881 $5,299,314
2021 $46,740,494 $39,085,456 $74,588,669 $7,655,038
2020 $38,350,776 $36,590,685 $66,770,404 $1,760,091
2019 $34,493,533 $33,800,224 $60,973,854 $693,309
2018 $30,159,416 $31,064,884 $61,599,463 $-905,468
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