INTERNATIONAL FALLS MEMORIAL HOSPITAL ASSOCIATION

EIN: 410726171 501(c)(3) Health Care

INTERNATIONAL FALLS, MN

Total Revenue
$34,473,808
Total Expenses
$34,222,539
Total Assets
$38,028,196
Net Assets
$26,180,058
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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
1945
Legal Domicile
MN
Principal Officer
ROBERT PASTOR II
Phone
2182835401
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

PROVIDE ACCESSIBLE, HIGH-QUALITY HEALTHCARE TO OUR COMMUNITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $192,122
Program Service Revenue $34,045,259
Investment Income $-76,161
Other Revenue $312,588
TOTAL REVENUE $34,473,808

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,163,317
Fundraising Expenses $0
Program Expenses $27,463,332
Other Expenses $18,059,222
TOTAL EXPENSES $34,222,539

Year-over-Year Comparison

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%
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

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Governance

Voting Members
7
Independent Members
7
Employees
255
Volunteers
26

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
7
$571,755
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
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
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 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
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