Winona Health Services (EIN 410713914) - Form 990 Financial Analysis & Trantor Score

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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

1894

Legal Domicile

Principal Officer

Rachelle Heising-Schultz

Phone

5074543650

Tax Period

2023-10-01 to 2024-09-30

Winona Health Services, founded in 1894, is a major nonprofit in the Health Care sector that reported $110.5M in total revenue in fiscal year 2023.

Mission

Hospital Services

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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 $1,432,718

Program Service Revenue $106,129,156

Investment Income $3,234,928

Other Revenue $-326,728

TOTAL REVENUE $110,470,074

Expense Breakdown

Grants Paid $5,987

Salaries & Benefits $69,500,758

Fundraising Expenses $0

Program Expenses $100,164,047

Other Expenses $48,442,633

TOTAL EXPENSES $117,949,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,470,074	$111,121,466	0.0%
Expenses	$117,949,378	$122,219,652	0.0%
Net Income	$-7,479,304	$-11,098,186	-0.3%

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

996

Volunteers

265

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

$870,964

Total Directors

$2,397,764

Key Employees

$1,066,480

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Mogren	Chair	3.00	Officer Director	$0	$0	$0
Steve Blue	Director	3.00	Director	$0	$0	$0
Matthew Broghammer MD	Director	40.00	Director	$577,445	$93,153	$670,598
E Allen Beguin MD	Director	40.00	Director	$274,105	$57,812	$331,917
Hugh Miller	Director	3.00	Director	$0	$0	$0
Sandra Burke	Director	3.00	Director	$0	$0	$0
Greg Evans	Director	3.00	Director	$0	$0	$0
Nicholas Modjeski MD	Director	40.00	Director	$252,641	$50,808	$303,449
Brian Semling	Director	3.00	Director	$0	$0	$0
Robert Williams	Director	3.00	Director	$0	$0	$0
David Vaselaar	Director	3.00	Director	$0	$0	$0
Fatima Said	Director	3.00	Director	$0	$0	$0
Todd Paulson	Director	3.00	Director	$0	$0	$0
Dave Gilmer	Director	3.00	Director	$0	$0	$0
Katrina Hammel MD	Director	40.00	Director	$364,813	$69,860	$434,673
Toni Highum	Director (Until Dec 23)	3.00	Director	$0	$0	$0
Rachelle Heising-Schultz	President/CEO/Director	46.00	Officer Director	$598,839	$58,288	$657,127
Jessica Remington	CFO/Treasurer	48.00	Officer	$185,124	$28,713	$213,837
Michael Donnenwerth	Chief Medical Officer	40.00	Key Emp	$248,862	$50,910	$299,772
Sara Gabrick	Chief Nursing Officer	40.00	Key Emp	$226,617	$36,177	$262,794
Robin Hoeg	Chief Operating Officer	40.00	Key Emp	$225,765	$36,392	$262,157
Rebecca Lamberty	Chief Administrative Officer	40.00	Key Emp	$227,646	$14,111	$241,757
Andrew Millis MD	Orthopedic Physician	40.00	Highest	$1,096,515	$88,572	$1,185,087
George Ripeckyj MD	Radiologist	40.00	Highest	$808,487	$46,415	$854,902
Chad Weaver MD	Dermatologist	40.00	Highest	$644,474	$11,487	$655,961
Hans Serleth MD	Surgeon	40.00	Highest	$581,768	$83,450	$665,218
Randall Norgard MD	Orthopedic Physician	40.00	Highest	$165,160	$3,294	$168,454

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	$110,470,074	$117,949,378	$111,213,239	$-7,479,304
2023	$111,121,466	$122,219,652	$116,360,896	$-11,098,186
2022	$111,095,737	$113,594,647	$127,675,264	$-2,498,910
2021	$114,059,975	$112,110,844	$149,374,764	$1,949,131
2020	$108,835,112	$105,981,702	$125,104,382	$2,853,410
2019	$108,479,163	$111,569,620	$104,498,222	$-3,090,457
2018	$113,589,713	$113,465,260	$112,591,687	$124,453

Winona Health Services