BRAINERD, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ST JOSEPH'S MEDICAL CENTER, founded in 1985, is a major nonprofit in the Health Care sector that reported $321.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $297.7M left a modest 7% surplus.
THROUGHOUT ESSENTIA HEALTH, WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES.AS A MEMBER OF THE ESSENTIA HEALTH FAMILY, ST. JOSEPH'S MEDICAL CENTER'S MISSION AS A CATHOLIC, BENEDICTINE SPONSORED FACILITY IS TO PROMOTE CHRIST'S MINISTRY OF HOLISTIC HEALING FOR ALL HUMAN LIFE WITH SPECIAL CONCERN FOR THE POOR AND POWERLESS.
ST. JOSEPH'S MEDICAL CENTER, DBA ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY...
ST. JOSEPH'S MEDICAL CENTER, DBA ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER IS CREATED AND ORGANIZED TO OWN, MAINTAIN, OPERATE AND CONDUCT, DIRECTLY OR INDIRECTLY, AND TO ASSIST AND COORDINATE ACTIVITIES OF FACILITIES FOR HEALTH CARE, EDUCATION, CARE FOR THE AGED AND SOCIAL SERVICES IN ACCORDANCE WITH THE CHARITABLE WORKS TRADITION OF THE ROMAN CATHOLIC CHURCH.ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER HAS A JOINT COMMISSION ACCREDITED HOSPITAL WITH 162 LICENSED BEDS AND 18 CLINICS SERVING CROW WING, CASS, AND MORRISON COUNTIES. THE HOSPITAL IS A LEVEL III TRAUMA CENTER AND DESIGNATED AS A PRIMARY STROKE CENTER. IT OFFERS EMERGENCY CARE 24 HOURS A DAY. ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER OFFERS INPATIENT AND OUTPATIENT SERVICES INCLUDING IMAGING/RADIOLOGY, LAB, SURGERY, BIRTHING SERVICES, HEART AND VASCULAR, REHABILITATION, AND CANCER SERVICES.ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER EMPLOYS APPROXIMATELY 925 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED NEARLY 20,000 HOSPITAL PATIENT DAYS AND OVER 125,000 OUTPATIENT VISITS DURING FISCAL YEAR ENDED JUNE 30, 2025. THE CLINICS HAD NEARLY 240,000 ENCOUNTERS DURING THE SAME TIME PERIOD.DURING THE FISCAL YEAR ENDED JUNE 30, 2025, ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $1.9 MILLION IN CHARITY CARE, $15.9 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, $299,000 IN COMMUNITY SERVICES, AND $239,000 IN HEALTH PROFESSION EDUCATION.ESSENTIA HEALTH IS THE PARENT ORGANIZATION OF AN INTEGRATED HEALTH SYSTEM THAT INCLUDES THIS ORGANIZATION AND ALL ENTITIES THAT ARE OWNED OR CONTROLLED, DIRECTLY OR INDIRECTLY, BY ESSENTIA HEALTH (COLLECTIVELY, THE "SYSTEM OR "ESSENTIA HEALTH").
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $320,979,644 | $292,136,675 | +0.1% |
| Expenses | $297,690,722 | $279,100,535 | +0.1% |
| Net Income | $23,288,922 | $13,036,140 | +0.8% |
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 |
|---|---|---|---|---|---|---|
| TRACI MORRIS | TREASURER/REL ORG CHIEF FINCL OFF | 1.00 |
Officer
|
$0 | $144,686 | $1,199,416 |
| WILLIAM HEEGAARD MD | FORMER PRESIDENT | 0.00 |
|
$0 | $122,346 | $1,098,293 |
| KRISTA SKORUPA MD | FORMER INTERIM PRESIDENT | 1.00 |
|
$0 | $146,142 | $952,538 |
| MICHAEL WATTERS | SECRETARY/REL ORG CHIEF LEGAL OFF | 1.00 |
Officer
|
$0 | $151,399 | $924,527 |
| KEVIN CASEY MD | FORMER CHIEF MEDICAL OFFICER | 0.00 |
|
$0 | $0 | $817,015 |
| KEVIN BOREN | VICE PRESIDENT, FINANCE | 1.00 |
Officer
|
$0 | $123,808 | $678,621 |
| TROY DUININCK MD | BD DIRECTOR/REL ORG PHYS & DIV CHAIR | 0.10 |
Director
|
$0 | $69,761 | $617,667 |
| TODD DEFREECE | SENIOR VICE PRESIDENT, OPERATIONS | 1.00 |
Key Emp
|
$412,659 | $117,001 | $529,660 |
| SARA LOKSTAD MD | ASSOCIATE CHIEF MEDICAL OFFICER | 1.00 |
Key Emp
|
$0 | $22,951 | $360,496 |
| SANDY ZUTZ-WICZEK | ADMINISTRATOR | 1.00 |
Officer
|
$0 | $56,507 | $352,257 |
| MATTHEW MOHRENWEISER | CRNA MANAGER | 60.00 |
Highest
|
$275,040 | $56,355 | $331,395 |
| JAN BALDWIN MD | BOARD DIRECTOR/RELATED ORG PHYSICIAN | 0.10 |
Director
|
$0 | $50,172 | $308,234 |
| WESTON KROHN | CRNA | 60.00 |
Highest
|
$269,002 | $29,467 | $298,469 |
| TERRI OSTER | CRNA | 60.00 |
Highest
|
$266,649 | $30,230 | $296,879 |
| KACIE WOTTRENG | CRNA | 60.00 |
Highest
|
$276,826 | $15,063 | $291,889 |
| SAMUEL BRANDL | CRNA | 60.00 |
Highest
|
$277,303 | $13,370 | $290,673 |
| MELISSA MCKAY | NURSING DIRECTOR III | 59.00 |
Key Emp
|
$236,611 | $50,303 | $286,914 |
| MICHAEL LARSON | FORMER SENIOR VP, OPERATIONS | 0.00 |
|
$163,836 | $0 | $163,836 |
| PETER HENRY MD | FORMER CHIEF MEDICAL OFFICER | 0.00 |
|
$0 | $8,922 | $120,466 |
| JOSEPH MIHALEK | BOARD CHAIR THRU 12/24 | 0.10 |
Officer
Director
|
$0 | $0 | $7,800 |
| THOMAS JAMAR | BOARD VICE CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $6,600 |
| ALAN ROCK | BOARD DIRECTOR THRU 12/24 | 0.10 |
Director
|
$0 | $0 | $6,000 |
| GEORGE LOBAN | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $5,600 |
| ANTHONY SERTICH | BOARD CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $5,400 |
| AMY BERGSTROM | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $5,000 |
| ANTHONY YUNG | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $3,600 |
| ADAM BACHAND | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| BECKY URBANSKI | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| NANCY ARONSON NORR | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| SISTER BEVERLY RAWAY | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| SISTER JEANNE ANN WEBER | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| SISTER THERESE CARSON | BOARD DIRECTOR THRU 12/24 | 0.10 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $320,979,644 | $297,690,722 | $482,142,174 | $23,288,922 |
| 2024 | No data | No data | No data | No data |
| 2023 | $275,955,489 | $263,747,087 | $404,572,269 | $12,208,402 |
| 2022 | $295,781,052 | $251,430,786 | $376,719,623 | $44,350,266 |
| 2021 | $268,872,696 | $222,033,491 | $389,647,054 | $46,839,205 |
| 2020 | $239,560,289 | $212,653,624 | $330,012,871 | $26,906,665 |
| 2019 | $233,650,878 | $209,384,130 | $279,960,157 | $24,266,748 |
| 2018 | $217,632,707 | $195,701,401 | $255,358,074 | $21,931,306 |
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