COMMUNITY MEMORIAL HOSPITAL ASSOCI… - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

RICK BREUER

Phone

2188794641

Tax Period

2023-10-01 to 2024-09-30

COMMUNITY MEMORIAL HOSPITAL ASSOCIATION, founded in 1954, is a mid-sized nonprofit in the Health Care sector that reported $73.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

YOUR NEIGHBORS CARING FOR YOU.

Program Service Accomplishments

Program 1

Expenses: $67,552,376 Revenue: $72,042,417

CMH IS A CRITICAL ACCESS HOSPITAL LOCATED IN CLOQUET, MN IN CARLTON COUNTY. CMH SERVES PRIMARILY AN ELEVEN ZIP-CODE AREA WITH A POPULATION OF APPROXIMATELY 35,000 RESIDENTS. CMH OFFERS THE COMMUNITY A ROBUST SERVICE LINE OFFERING WHICH INCLUDES INPATIENT & OUTPATIENT SERVICES. CMH PROVIDES A NEWLY CONSTRUCTED STATE OF THE ART INPATIENT FACILITY HOUSING MED/SURG, ICU, OB, AND SWING BED SERVICES. CMH PROVIDES A FULL ARRAY OF OUTPATIENT SERVICES WHICH INCLUDE: A 24-HOUR E/R, A FULL SPECTRUM OF IMAGING SERVICES, LABORATORY, SURGERY, CHEMO/INFUSION, PHARMACY, R.T., CARDIAC REHAB, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, DIABETIC EDUCATION, SLEEP STUDIES, AND OTHER MEDICAL SERVICES NEEDED BY OUR COMMUNITY. CMH ALSO EMPLOYS A NUMBER OF PHYSICIANS IN SPECIALTIES THAT ARE IN HIGH DEMAND IN OUR SERVICE AREA. THESE INCLUDE GENERAL SURGEONS, ENT SURGEONS, AND ORTHOPEDIC SURGEONS. CMH HAS GROWN AT A FAST PACE TO MEET THE NEEDS OF OUR COMMUNITY. IN THE TAX YEAR ENDING SEPTEMBER 30, 2024, CMH PROVIDED 2,865 INPATIENT DAYS, 2,384 SURGERIES, 8,430 EMERGENCY ROOM VISITS, AND 49,836 OUTPATIENT VISITS. IN ADDITION, CMH REACHES OUT TO THE COMMUNITY TO ENHANCE THE HEALTH AND WELLBEING OF OUR SERVICE AREA BY OFFERING NUMEROUS EDUCATIONAL OPPORTUNITIES, HEALTH SCREENINGS, AND SUPPORT GROUPS.

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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 $442,580

Program Service Revenue $71,667,289

Investment Income $183,997

Other Revenue $664,339

TOTAL REVENUE $72,958,205

Expense Breakdown

Grants Paid $23,595

Salaries & Benefits $41,643,592

Fundraising Expenses $0

Program Expenses $67,552,376

Other Expenses $33,280,690

TOTAL EXPENSES $74,947,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,958,205	$66,039,851	+0.1%
Expenses	$74,947,877	$72,634,322	+0.0%
Net Income	$-1,989,672	$-6,594,471	-0.7%

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

552

Volunteers

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

$525,096

Total Directors

$649,757

Key Employees

$300,767

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARA UNDERWOOD MD	PHYSICIAN / DIRECTOR	40.00	Director	$349,130	$19,550	$368,680
JOANNA ROBNIK MD	PHYSICIAN / DIRECTOR	40.00	Director	$244,874	$36,203	$281,077
LES RIESS MD	DIRECTOR (THROUGH 11/20/23)	2.00	Director	$0	$0	$0
RALPH HAMANN	DIRECTOR	2.00	Director	$0	$0	$0
RAY HATINEN	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL MOOSE	DIRECTOR	2.00	Director	$0	$0	$0
JENNY BARTA	TREASURER	2.00	Officer Director	$0	$0	$0
STEVE RISACHER	SECRETARY	2.00	Officer Director	$0	$0	$0
LEE OLSEN	CHAIR	2.00	Officer Director	$0	$0	$0
KELLY JOHNSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RICK BREUER	CEO	40.00	Officer	$450,176	$51,512	$501,688
KIRK JOHNSON	CFO	40.00	Officer	$20,853	$2,555	$23,408
BRAD ANDERSON	COO	40.00	Key Emp	$255,243	$45,524	$300,767
KYLE MENZEL MD	PHYSICIAN	40.00	Highest	$870,180	$39,300	$909,480
BRYAN HUNTER	CRNA	40.00	Highest	$396,839	$48,033	$444,872
KENNETH RIPP MD	PHYSICIAN	40.00	Highest	$382,201	$61,218	$443,419
JAMES RYAN MD	PHYSICIAN	40.00	Highest	$373,592	$40,575	$414,167
JOSEPH LEMKER MD	PHYSICIAN	40.00	Highest	$377,582	$16,500	$394,082

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	$72,958,205	$74,947,877	$47,126,932	$-1,989,672
2023	$66,039,851	$72,634,322	$48,919,345	$-6,594,471
2022	$71,388,116	$73,840,282	$55,410,390	$-2,452,166
2021	$78,835,792	$70,191,015	$59,723,821	$8,644,777
2020	$62,949,643	$66,526,553	$63,683,107	$-3,576,910
2019	$61,122,969	$62,226,960	$52,009,491	$-1,103,991
2018	$58,074,447	$59,845,594	$53,180,119	$-1,771,147

COMMUNITY MEMORIAL HOSPITAL ASSOCIATION