COMMUNITY MEMORIAL HOSPITAL INCORPORATED

EIN: 410830760 501(c)(3)

SPRING VALLEY, MN

Total Revenue
$8,699,390
Total Expenses
$8,995,753
Total Assets
$13,241,456
Net Assets
$3,050,296
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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
1958
Legal Domicile
MN
Principal Officer
DOUG PLAEHN
Phone
5073467381
Tax Period
2024-10-01 to 2025-09-30

COMMUNITY MEMORIAL HOSPITAL INCORPORATED, founded in 1958, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024.

Mission

SPRING VALLEY LIVING PROVIDES HEALTH CARE SERVICES TO SPRING VALLEY AND THE SURROUNDING AREA

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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 (2024)

Revenue Breakdown

Contributions & Grants $57,302
Program Service Revenue $8,454,813
Investment Income $49,092
Other Revenue $138,183
TOTAL REVENUE $8,699,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,660,479
Fundraising Expenses $0
Program Expenses $7,785,495
Other Expenses $3,335,274
TOTAL EXPENSES $8,995,753

Year-over-Year Comparison

2024 2023 Change
Revenue $8,699,390 $8,431,228 +0.0%
Expenses $8,995,753 $8,213,801 +0.1%
Net Income $-296,363 $217,427 -2.4%
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
149
Volunteers
9

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
5
$218,767
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUANN RUESINK CHAIR 0.50
Officer Director
$0 $0 $0
DAN ROOT VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DOUG PLAEHN TREASURER 0.50
Officer Director
$0 $0 $0
ISAAC TANGEN SECRETARY 0.50
Officer Director
$0 $0 $0
TRACIE MENSINK DIRECTOR 0.50
Director
$0 $0 $0
DONNA MCLAUGHLIN DIRECTOR 0.50
Director
$0 $0 $0
TODD JONES DIRECTOR 0.50
Director
$0 $0 $0
PENNY SOLBERG PRESIDENT/CEO 40.00
Officer
$155,940 $62,827 $218,767
HEATHER SELLERS COO 40.00
Highest
$125,734 $40,357 $166,091
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
2025 $8,699,390 $8,995,753 $13,241,456 $-296,363
2024 $8,431,228 $8,213,801 $13,715,669 $217,427
2023 $9,039,288 $7,596,887 $14,042,792 $1,442,401
2022 $6,309,223 $7,140,903 $13,215,315 $-831,680
2021 $6,445,279 $6,173,314 $14,006,382 $271,965
2020 $5,806,882 $5,668,977 $12,309,226 $137,905
2019 $5,446,280 $5,415,639 $7,710,523 $30,641
2018 $5,106,739 $5,220,390 $7,762,749 $-113,651
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