INTERNATIONAL FALLS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INTERNATIONAL FALLS MEMORIAL HOSPITAL ASSOCIATION, founded in 1945, is a mid-sized nonprofit in the Health Care sector that reported $34.5M in total revenue in fiscal year 2023.
PROVIDE ACCESSIBLE QUALITY HEALTHCARE TO OUR COMMUNITIES USING VALUES OF INTEGRITY AND RESPECT, COMPASSION AND EXCELLENCE THROUGH TEAMWORK (ICE) IN SUPPORT OF THE VISION COMPRISED OF THE FOLLOWING ELEMENTS: PROVIDER OF CHOICE OF OUR COMMUNITIES, PATIENT AND FAMILY-CENTERED CARE, EXPANDING SERVICES, REGIONAL SPECIALTY RELATIONSHIPS AND PREFERRED HEALTHCARE EMPLOYER.
RAINY LAKE MEDICAL CENTER (RLMC) PROVIDES INPATIENT AND OUTPATIENT HOSPITAL SERVICES. IN 2023, RLMC HAD 1,476 INPATIENT DAYS AND HAD 6,168 EMERGENCY ROOM VISITS. IN ADDITION, RLMC PROVIDES GENERAL...
RAINY LAKE MEDICAL CENTER (RLMC) PROVIDES INPATIENT AND OUTPATIENT HOSPITAL SERVICES. IN 2023, RLMC HAD 1,476 INPATIENT DAYS AND HAD 6,168 EMERGENCY ROOM VISITS. IN ADDITION, RLMC PROVIDES GENERAL, ORTHOPEDIC, AND OPHTHALMOLOGY SURGERY, VARIOUS IMAGING MODALITIES, LABORATORY SERVICES, THERAPY SERVICES, AND OTHER HOSPITAL ANCILLARY SERVICES.
RLMC PROVIDES CLINIC BASED SERVICES AT TWO LOCATIONS, INTERNATIONAL FALLS, MN AND LITTLE FORK, MN. IN ADDITION TO PRIMARY CARE VISITS, A NUMBER OF SPECIALTY SERVICES ARE OFFERED SUCH AS RHEUMATOLOGY...
RLMC PROVIDES CLINIC BASED SERVICES AT TWO LOCATIONS, INTERNATIONAL FALLS, MN AND LITTLE FORK, MN. IN ADDITION TO PRIMARY CARE VISITS, A NUMBER OF SPECIALTY SERVICES ARE OFFERED SUCH AS RHEUMATOLOGY, ORTHOPEDIC, OB/GYN, DERMATOLOGY, OPHTHALMOLOGY, AND ONCOLOGY. IN TOTAL, 14,101 CLINIC VISITS OCCURRED IN 2023.
IN ADDITION TO PROVIDING DIRECT PATIENT CARE AND IN FURTHERANCE OF ITS CHARITABLE PURPOSE, RLMC PROVIDES A WIDE VARIETY OF BENEFITS TO THE COMMUNITY INCLUDING OFFERING VARIOUS COMMUNITY BASED SERVICE...
IN ADDITION TO PROVIDING DIRECT PATIENT CARE AND IN FURTHERANCE OF ITS CHARITABLE PURPOSE, RLMC PROVIDES A WIDE VARIETY OF BENEFITS TO THE COMMUNITY INCLUDING OFFERING VARIOUS COMMUNITY BASED SERVICE PROGRAMS, CASH CONTRIBUTIONS TO NON-PROFIT AGENCIES, THE DONATION OF SPACE FOR USE BY COMMUNITY GROUPS, AND STAFF TIME TO MENTORING/JOB SHADOWING. ADDITIONALLY, A NUMBER OF HEALTH RELATED EDUCATION PROGRAMS ARE PROVIDED FOR THE BENEFIT OF THE COMMUNITY, INCLUDING HEALTH ENHANCEMENTS AND WELLNESS, CLASSES ON SPECIFIC CONDITIONS, AND PROGRAMS DESIGNED TO IMPROVE THE GENERAL STANDARDS OF THE HEALTH OF THE COMMUNITY. RLMC ALSO ACTIVELY PROMOTES ITS COMMUNITY CARE PROGRAM, WHICH PROVIDES FREE OR REDUCED COST HEALTHCARE TO PATIENTS WHO ARE UNABLE TO PAY FULLY FOR SERVICES RECEIVED.
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 | $34,473,808 | $35,022,338 | 0.0% |
| Expenses | $34,222,539 | $33,544,063 | +0.0% |
| Net Income | $251,269 | $1,478,275 | -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 |
|---|---|---|---|---|---|---|
| RICHARD PETERSON | CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHERRI MANNAUSAU | VICE CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JON TALSNESS | VICE CHAIR (THRU 05/23) | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVEN LINDBERG | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN BRIGGS | SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| DON BILLIG | MEMBER (THRU 01/23) | 4.00 |
Director
|
$0 | $0 | $0 |
| SUSAN CONGRAVE | MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| ALLISON O'HARA MEYERS | MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| JOHN WINKEL | MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| ROBERT PASTOR II | CEO | 40.00 |
Officer
|
$330,364 | $58,691 | $389,055 |
| CRAIG BOYER | CONTRACTED CFO | 40.00 |
Officer
|
$182,700 | $0 | $182,700 |
| DAVID MOYER | PHYSICIAN | 40.00 |
Highest
|
$329,010 | $24,989 | $353,999 |
| DANIEL MARGO | GENERAL SURGEON | 20.00 |
Highest
|
$340,066 | $38,571 | $378,637 |
| JAY KNAAK | PHYSICIAN | 32.00 |
Highest
|
$251,514 | $47,452 | $298,966 |
| MICHELLE E DAVIS | HOSPITALIST | 30.00 |
Highest
|
$198,708 | $34,321 | $233,029 |
| KELLY HAGEN | CNO | 40.00 |
Highest
|
$188,456 | $35,836 | $224,292 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $34,473,808 | $34,222,539 | $38,028,196 | $251,269 |
| 2022 | $35,022,338 | $33,544,063 | $35,634,235 | $1,478,275 |
| 2021 | $38,830,378 | $31,963,224 | $41,507,642 | $6,867,154 |
| 2020 | $30,747,327 | $29,538,404 | $38,929,757 | $1,208,923 |
| 2019 | $29,623,860 | $29,000,652 | $26,822,079 | $623,208 |
| 2018 | $27,504,328 | $26,686,751 | $26,399,757 | $817,577 |
Compare INTERNATIONAL FALLS MEMORIAL HOSPITAL ASSOCIATION with other nonprofits in Minnesota and across the country.