RURAL HEALTH SERVICES INC (EIN 411617672) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Phone

3207628602

Tax Period

2023-01-01 to 2023-12-31

RURAL HEALTH SERVICES INC, founded in 1990, is a small nonprofit in the Health Care sector that reported $216K in total revenue in fiscal year 2023. Expenses of $208K left a modest 4% surplus.

Mission

To provide services to small rural hospitals that otherwise would be unavailable or cost prohibitive to the residents of our trade 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $216,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $216,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,290

Fundraising Expenses $0

Program Expenses $156,160

Other Expenses $3,923

TOTAL EXPENSES $208,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,000	$216,000	N/A
Expenses	$208,213	$183,073	+0.1%
Net Income	$7,787	$32,927	-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

Governance

Voting Members

Independent Members

N/A

Employees

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

$176,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erik Malchow	Executive Dir.	40.00	Officer	$160,520	$15,600	$176,120
Kent Mattson	Director	3.00	Officer	$0	$0	$0
Carl Vaagenes	Director	3.00	Officer	$0	$0	$0
Kerrie McKevilly	Director	3.00	Officer	$0	$0	$0
Kirk Stensrud	Director	3.00	Officer	$0	$0	$0
Kurt Waldbillig	Director	3.00	Officer	$0	$0	$0

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	$216,000	$208,213	$306,623	$7,787
2022	$216,000	$183,073	$294,859	$32,927
2021	$204,000	$172,220	$442,364	$31,780
2020	$217,500	$175,995	$413,930	$41,505
2019	$192,000	$163,567	$367,028	$28,433
2018	$182,520	$160,856	$343,162	$21,664

RURAL HEALTH SERVICES INC