DULUTH, MN
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)ST MARY'S MEDICAL CENTER, founded in 1985, is a major nonprofit in the Health Care sector that reported $611.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.
THROUGHOUT ESSENTIA HEALTH, WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES. AS A MEMBER OF THE ESSENTIA HEALTH FAMILY, ST. MARY'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. MARY'S MEDICAL CENTER, DBA ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY...
ST. MARY'S MEDICAL CENTER, DBA ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH ST. MARY'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. MARY'S MEDICAL CENTER PROVIDES HEALTH CARE SERVICES IN DULUTH, MINNESOTA THROUGH ITS JOINT COMMISSION ACCREDITED HOSPITAL WITH 380 LICENSED BEDS. THE HOSPITAL IS A LEVEL I ADULT AND LEVEL II PEDIATRIC TRAUMA CENTER OFFERING 24 HOUR EMERGENCY AND CRITICAL CARE. THE HOSPITAL HAS MULTIPLE INTENSIVE CARE UNITS, INCLUDING FOR PEDIATRIC AND NEWBORN PATIENTS. ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER OFFERS INPATIENT AND OUTPATIENT SERVICES INCLUDING HEART AND VASCULAR, BIRTHING SERVICES, SURGERY, IMAGING/RADIOLOGY, LAB, RESPIRATORY CARE, HOSPICE, AND REHABILITATION.ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER EMPLOYS APPROXIMATELY 2,215 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED NEARLY 99,000 HOSPITAL PATIENT DAYS AND OVER 92,000 OUTPATIENT VISITS DURING THE FISCAL YEAR ENDED JUNE 30, 2025. THE HOSPITAL HAD OVER 17,000 ENCOUNTERS DURING THE SAME TIME PERIOD.DURING THE FISCAL YEAR ENDED JUNE 30, 2025, ESSENTIA HEALTH ST. MARY'S MEDICAL CENTER PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $3.6 MILLION IN CHARITY CARE, $38.3 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, $3.5 MILLION IN COMMUNITY SERVICES, AND $1.7 MILLION 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
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $611,421,843 | $563,778,154 | +0.1% |
| Expenses | $642,140,330 | $609,876,952 | +0.1% |
| Net Income | $-30,718,487 | $-46,098,798 | -0.3% |
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| 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 |
| BRADLEY BEARD | CHIEF OPERATING OFFICER | 1.00 |
Key Emp
|
$0 | $179,046 | $1,179,194 |
| JASON SCHULTZ MD | CHIEF MEDICAL OFFICER | 1.00 |
Key Emp
|
$0 | $171,138 | $942,581 |
| MICHAEL WATTERS | SECRETARY/REL ORG CHIEF LEGAL OFF | 1.00 |
Officer
|
$0 | $151,399 | $924,527 |
| RHONDA KAZIK | CHIEF NURSE EXECUTIVE | 1.00 |
Key Emp
|
$0 | $133,586 | $818,976 |
| JANICE SCHADE | FORMER ADMINISTRATOR | 1.00 |
|
$0 | $47,564 | $683,592 |
| KEVIN BOREN | VICE PRESIDENT, FINANCE | 1.00 |
Officer
|
$0 | $123,808 | $678,621 |
| TAMMY KRITZER | ADMINISTRATOR THRU 5/25 | 1.00 |
Officer
|
$0 | $98,465 | $635,546 |
| MATTHEW POSINSKI | INTERIM ADMINISTRATOR | 1.00 |
Officer
|
$0 | $109,947 | $629,858 |
| TROY DUININCK MD | BD DIRECTOR/REL ORG PHYS & DIV CHAIR | 0.10 |
Director
|
$0 | $69,761 | $617,667 |
| ANNE STEPHEN MD | CHIEF MEDICAL OFFICER THRU 5/24 | 1.00 |
Key Emp
|
$0 | $70,794 | $569,897 |
| TRENT NOBLES | SENIOR VP, OPERATIONS THRU 3/25 | 1.00 |
Key Emp
|
$0 | $71,700 | $385,839 |
| GRETA JOHNSON | PERFUSIONIST SUPERVISOR | 60.00 |
Highest
|
$279,259 | $46,518 | $325,777 |
| JAN BALDWIN MD | BOARD DIRECTOR/RELATED ORG PHYSICIAN | 0.10 |
Director
|
$0 | $50,172 | $308,234 |
| STACY LUND | OPERATIONS SENIOR DIRECTOR | 60.00 |
Highest
|
$238,258 | $51,125 | $289,383 |
| JOSEPH THOMPSON | REGISTERED NURSE | 60.00 |
Highest
|
$234,537 | $49,624 | $284,161 |
| RONALD SIEBERT | OPERATIONS SENIOR DIRECTOR | 60.00 |
Highest
|
$243,882 | $25,907 | $269,789 |
| ERIC NELSON | SENIOR VICE PRESIDENT, OPERATIONS | 1.00 |
Key Emp
|
$0 | $29,005 | $248,562 |
| NICOLE MARR | PHYSICIAN ASSISTANT | 60.00 |
Highest
|
$228,985 | $14,471 | $243,456 |
| 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 | $611,421,843 | $642,140,330 | $980,579,505 | $-30,718,487 |
| 2024 | No data | No data | No data | No data |
| 2023 | $506,418,791 | $510,786,332 | $1,020,320,837 | $-4,367,541 |
| 2022 | $520,112,686 | $479,578,945 | $1,031,067,857 | $40,533,741 |
| 2021 | $523,229,522 | $456,219,149 | $1,124,389,791 | $67,010,373 |
| 2020 | $475,874,429 | $445,429,255 | $1,283,053,326 | $30,445,174 |
| 2019 | $485,925,976 | $439,502,980 | $1,209,006,621 | $46,422,996 |
| 2018 | $447,247,591 | $416,935,336 | $1,174,720,733 | $30,312,255 |
Compare ST MARY'S MEDICAL CENTER with other nonprofits in Minnesota and across the country.