Winona, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
To inspire, recognize, and empower the caregiver in all of us.
Winona Health Services (WHS), a 49-bed hospital, has provided care to its community and services from birth to death for 125 plus years. It is the sole community hospital in the Winona, Minnesota...
Winona Health Services (WHS), a 49-bed hospital, has provided care to its community and services from birth to death for 125 plus years. It is the sole community hospital in the Winona, Minnesota area. In fiscal year 2024, WHS had 1,271 admissions, 177 births, 3,337 inpatient and outpatient surgeries, and 12,261 visits to the emergency room.To fulfill its mission of community service, the Corporation provides care to patients and residents who meet certain criteria under its charity care and community benefit policy without charge or at amounts less than its established rates. Because the Corporation does not pursue collection of amounts determined to qualify as charity care, (Continued on Schedule O)they are not reported as patient and resident service revenue.Charity Care: WHS provides medical care to the community regardless of an individual's ability to pay. The estimated cost of providing these services was approximately $279,000 for fiscal year 2024. In furtherance of its charitable purpose, the Corporation provides a wide variety of benefits to the community. These services and donations account for a measurable portion of the Corporation's costs and serve to promote healthy lifestyles, community development, health education, and affordable access to care.The Corporation maintains records to identify and monitor the level of community benefit services it provides. Those records include management's estimate of the cost to provide charity care, the cost of services and supplies furnished for community benefit programs and costs in excess of program payments for treating Medical Assistance patients.In addition to community benefit costs, the Corporation provides additional community contributions such as services to Medicare and Medicaid patients below the costs for treatment, other uncompensated care, discounted pricing to the uninsured, and pays taxes and fees
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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