Hendricks Community Hospital Assoc… - Form 990 Financial Data

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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

1941

Legal Domicile

Principal Officer

Jeff Gollaher

Phone

5072753134

Tax Period

2023-07-01 to 2024-06-30

Hendricks Community Hospital Association, founded in 1941, is a mid-sized nonprofit in the Health Care sector that reported $17.0M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $16.3M left a modest 4% surplus.

Mission

Hendricks Community Hospital Assn & Retirement Home strives to provide the highest quality health and residential care in a Christian environment.

Program Service Accomplishments

Program 1

Expenses: $14,764,001 Revenue: $16,183,057

Hendricks Community Hospital, a 24-bed hospital, 48-bed long-term care facility, 16-unit assisted living facility, and home health agency promotes health of the community by providing a variety of...

Hendricks Community Hospital, a 24-bed hospital, 48-bed long-term care facility, 16-unit assisted living facility, and home health agency promotes health of the community by providing a variety of health care services. The facility had 67 acute, 46 swing bed, 10 transitional bed and 21 long-term care facility admissions for the year ended June 30, 2024; 440 visits to the Emergency Room; and 112 surgical cases (including ambulatory).Continued on Schedule OThe hospital provides care to patients who meet certain criteria under its charity care policy without charge or at amounts less than established rates. Because the hospital does not pursue collection of amounts determined to qualify as charity care, they are not reported as patient and resident service revenue. The amount of charges foregone for services provided under the Hospital's charity care policy were approximately $19,000 for the year ended June 30, 2024. The estimated cost of providing these services was $14,000 for the year ended June 30, 2024 based on average ratio of cost to gross charges.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $495,794

Program Service Revenue $16,183,057

Investment Income $214,360

Other Revenue $60,075

TOTAL REVENUE $16,953,286

Expense Breakdown

Grants Paid $9,834

Salaries & Benefits $8,542,992

Fundraising Expenses $0

Program Expenses $14,764,001

Other Expenses $7,766,974

TOTAL EXPENSES $16,319,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,953,286	$19,167,099	-0.1%
Expenses	$16,319,800	$16,099,547	+0.0%
Net Income	$633,486	$3,067,552	-0.8%

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

Governance

Voting Members

Independent Members

Employees

193

Volunteers

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

$377,844

Total Directors

$9,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allen Molascon	President	3.00	Officer Director	$1,060	$0	$1,060
Mark VanEck	Vice President	2.00	Officer Director	$1,110	$0	$1,110
Dawn Popowski	Secretary	2.00	Officer Director	$1,200	$0	$1,200
Vince Robinson	Treasurer	2.00	Officer Director	$1,510	$0	$1,510
Brittany Johnson	Director	2.00	Director	$800	$0	$800
James Ness	Director	2.00	Director	$1,040	$0	$1,040
John Engels	Director	2.00	Director	$500	$0	$500
Heidi Fier	Director	2.00	Director	$1,120	$0	$1,120
Heather Rae Shaw	Director	2.00	Director	$1,160	$0	$1,160
Jeff Gollaher	CEO	40.00	Officer	$204,733	$26,886	$231,619
Travis Olsen	CFO	40.00	Officer	$134,874	$6,471	$141,345
Tabb McCluskey DO	Physician	40.00	Highest	$291,226	$57,890	$349,116
Grant Eyjolfson MD	Physician	40.00	Highest	$286,896	$56,144	$343,040
Alecia Moe	Director of Nursing	40.00	Highest	$129,168	$45,062	$174,230
Kathryn Christensen	Nurse Practitioner	40.00	Highest	$130,650	$8,219	$138,869
Brenda Bullerman	Physician Assistant	40.00	Highest	$120,935	$35,040	$155,975

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
2025	No data	No data	No data	No data
2024	$16,953,286	$16,319,800	$28,380,138	$633,486
2023	$19,167,099	$16,099,547	$27,318,418	$3,067,552
2022	$15,908,910	$15,668,401	$23,986,558	$240,509
2021	$19,716,095	$14,597,371	$25,862,210	$5,118,724
2020	$13,783,312	$14,572,424	$25,272,526	$-789,112
2019	$13,827,715	$14,277,149	$20,969,153	$-449,434
2018	$14,297,395	$14,346,910	$17,637,117	$-49,515

Hendricks Community Hospital Association