DETROIT LAKES, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ST MARY'S REGIONAL HEALTH CENTER, founded in 1988, is a major nonprofit in the Health Care sector that reported $196.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $177.5M left a modest 10% surplus.
THROUGHOUT ESSENTIA HEALTH, WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES. AS A MEMBER OF THE ESSENTIA HEALTH FAMILY, ST. MARY'S REGIONAL HEALTH CENTER'S MISSION AS A CATHOLIC, BENEDICTINE SPONSORED FACILITY IS TO PROMOTE CHRIST'S MINISTRY OF HOLISTIC HEALING FOR ALL HUMAN LIFE WITH SPECIAL CONCERN FOR THE POOR AND POWERLESS.
ST. MARY'S REGIONAL HEALTH CENTER, DBA ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE...
ST. MARY'S REGIONAL HEALTH CENTER, DBA ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES IS CREATED AND ORGANIZED TO OWN, MAINTAIN, OPERATE AND CONDUCT, DIRECTLY OR INDIRECTLY, AND TO ASSIST AND COORDINATE ACTIVITIES OF FACILITIES FOR HEALTH CARE, EDUCATION, CARE FOR THE AGED AND SOCIAL SERVICES IN ACCORDANCE WITH THE CHARITABLE WORKS TRADITION OF THE ROMAN CATHOLIC CHURCH.ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES EMPLOYS APPROXIMATELY 650 FULL TIME EQUIVALENTS. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $994,000 IN CHARITY CARE, $2.5 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, $322,000 IN COMMUNITY SERVICES, AND $296,000 IN HEALTH PROFESSION EDUCATION.ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES HAS A JOINT COMMISSION ACCREDITED HOSPITAL WITH 87 LICENSED BEDS AND 10 CLINICS SERVING BECKER, CASS, OTTER TAIL, MAHNOMEN, WADENA, AND HUBBARD COUNTIES. THE HOSPITAL IS A LEVEL III TRAUMA CENTER AND AN ACUTE STROKE READY HOSPITAL. ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES OFFERS INPATIENT AND OUTPATIENT SERVICES INCLUDING IMAGING/RADIOLOGY, LAB, SURGERY, BIRTHING SERVICES, AND REHABILITATION. THE HOSPITAL PROVIDED APPROXIMATELY 5,600 HOSPITAL PATIENT DAYS AND 65,000 OUTPATIENT VISITS DURING THE FISCAL YEAR ENDED JUNE 30, 2025. THE CLINICS HAD APPROXIMATELY 183,000 ENCOUNTERS DURING THE FISCAL YEAR ENDED JUNE 30, 2025.ESSENTIA HEALTH IS THE PARENT ORGANIZATION OF AN INTEGRATED HEALTH SYSTEM THAT INCLUDES THIS ORGANIZATION AND ALL ENTITIES THAT ARE OWNED OR CONTROLLED, DIRECTLY OR INDIRECTLY, BY ESSENTIA HEALTH (COLLECTIVELY, THE "SYSTEM OR "ESSENTIA HEALTH").
ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES HAS A SKILLED NURSING FACILITY CONNECTED TO THE HOSPITAL THAT OFFERS TRANSITIONAL CARE AND LONG-TERM NURSING SERVICES IN A CLOSE-KNIT COMMUNITY. THE SKILLED...
ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES HAS A SKILLED NURSING FACILITY CONNECTED TO THE HOSPITAL THAT OFFERS TRANSITIONAL CARE AND LONG-TERM NURSING SERVICES IN A CLOSE-KNIT COMMUNITY. THE SKILLED NURSING FACILITY PROVIDED NEARLY 24,000 RESIDENT DAYS DURING THE FISCAL YEAR ENDED JUNE 30, 2025.
ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES' 30 ASSISTED LIVING APARTMENTS OFFER AROUND-THE-CLOCK CARE WHILE THE 58 SENIOR HOUSING APARTMENTS PROVIDE A FULL SPECTRUM OF SENIOR LIVING OPPORTUNITIES. THE...
ESSENTIA HEALTH ST. MARY'S-DETROIT LAKES' 30 ASSISTED LIVING APARTMENTS OFFER AROUND-THE-CLOCK CARE WHILE THE 58 SENIOR HOUSING APARTMENTS PROVIDE A FULL SPECTRUM OF SENIOR LIVING OPPORTUNITIES. THE SECURE APARTMENTS PROVIDE A MODERN, COMFORTABLE LIVING ENVIRONMENT SUPPORTED BY SERVICES AND AMENITIES TO OFFER SENIORS CHOICES TO ENHANCE THEIR HEALTH AND QUALITY OF LIFE.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $196,231,024 | $181,473,685 | +0.1% |
| Expenses | $177,535,898 | $167,794,776 | +0.1% |
| Net Income | $18,695,126 | $13,678,909 | +0.4% |
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 |
|---|---|---|---|---|---|---|
| BENJAMIN SMITH MD | BOARD DIRECTOR/RELATED ORG PHYSICIAN | 0.20 |
Director
|
$0 | $76,023 | $1,788,790 |
| TRACI MORRIS | TREASURER/REL ORG CHIEF FINCL OFF | 1.00 |
Officer
|
$0 | $144,686 | $1,199,416 |
| RICHARD VETTER MD | CHIEF MEDICAL OFFICER THRU 12/24 | 1.00 |
Key Emp
|
$0 | $150,321 | $926,040 |
| MICHAEL WATTERS | SECRETARY/REL ORG CHIEF LEGAL OFF | 1.00 |
Officer
|
$0 | $151,399 | $924,527 |
| TANNER GOODRICH | PRESIDENT | 1.00 |
Officer
|
$0 | $113,980 | $578,900 |
| TAYLOR MERTZ MD | BD DIRECTOR/REL ORG PHYS & SEC CHAIR | 0.20 |
Director
|
$0 | $67,780 | $443,642 |
| ANGELA HAYES | CRNA | 60.00 |
Highest
|
$380,145 | $42,734 | $422,879 |
| SEAN MCDONALD | PHYSICIAN ASSISTANT | 60.00 |
Highest
|
$299,653 | $55,988 | $355,641 |
| BRENDA NORBY | PHYSICIAN ASSISTANT | 60.00 |
Highest
|
$336,622 | $19,003 | $355,625 |
| JEFFREY SLIPER | CRNA | 60.00 |
Highest
|
$287,348 | $50,989 | $338,337 |
| CAROL LEE | CRNA | 60.00 |
Highest
|
$291,351 | $32,548 | $323,899 |
| RYAN HILL | FORMER INTERIM PRESIDENT | 0.00 |
|
$0 | $52,879 | $280,826 |
| KIMBERLY BODENSTEINER | FINANCE DIRECTOR | 1.00 |
Officer
|
$0 | $28,913 | $275,953 |
| MELISSA PETERSON | NURSING DIRECTOR II | 60.00 |
Key Emp
|
$188,305 | $10,654 | $198,959 |
| JAMES CHRISTENSEN MD | BOARD DIRECTOR/RELATED ORG PHYSICIAN | 0.20 |
Director
|
$0 | $26,779 | $174,893 |
| JOEL HAUGEN MD | BD CHAIR/REL ORG RETIRED PHYSICIAN | 0.20 |
Officer
Director
|
$0 | $0 | $116,155 |
| LAURIE LEWANDOWSKI | BOARD DIRECTOR | 0.20 |
Director
|
$0 | $0 | $23,375 |
| ARRICK JACKSON | BOARD DIRECTOR THRU 5/25 | 0.20 |
Director
|
$0 | $0 | $4,500 |
| TIMOTHY HEILMAN | BOARD VICE CHAIR | 0.20 |
Officer
Director
|
$0 | $0 | $4,500 |
| ANDERSON ST GEORGE | BOARD DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| JENNY OLSON | BOARD DIRECTOR THRU 2/25 | 0.20 |
Director
|
$0 | $0 | $0 |
| KIM PLADSON | BOARD DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| SISTER BEVERLY HORN | BOARD DIRECTOR THRU 4/25 | 0.20 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $196,231,024 | $177,535,898 | $231,917,050 | $18,695,126 |
| 2024 | No data | No data | No data | No data |
| 2023 | $172,939,500 | $161,193,410 | $189,436,478 | $11,746,090 |
| 2022 | $174,805,143 | $152,463,627 | $180,005,709 | $22,341,516 |
| 2021 | $160,269,256 | $141,805,005 | $182,024,620 | $18,464,251 |
| 2020 | $143,442,257 | $130,681,690 | $166,509,499 | $12,760,567 |
| 2019 | $146,748,583 | $131,945,871 | $135,044,705 | $14,802,712 |
| 2018 | $132,268,169 | $123,674,633 | $121,614,301 | $8,593,536 |
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