CENTRAL MINNESOTA EMERGENCY PHYSICIANS INC (EIN 411708142) - 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

1992

Legal Domicile

Principal Officer

KENNETH D HOLMEN MD

Phone

3202555656

Tax Period

2017-07-01 to 2018-06-30

CENTRAL MINNESOTA EMERGENCY PHYSICIANS INC, founded in 1992, is a small nonprofit that reported $161K in total revenue in fiscal year 2017. Revenue fell 95% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $115K, a strong 72% operating margin.

Mission

PROVIDE EMERGENCY PHYSICIAN SERVICES TO MONTICELLO HOSPITAL.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $152,334

Investment Income $0

Other Revenue $9,123

TOTAL REVENUE $161,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,677

Other Expenses $45,997

TOTAL EXPENSES $45,997

Year-over-Year Comparison

	2017	2016	Change
Revenue	$161,457	$3,299,241	-1.0%
Expenses	$45,997	$3,373,567	-1.0%
Net Income	$115,460	$-74,326	-2.6%

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

N/A

Volunteers

N/A

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

$4,309,495

Total Directors

$4,429,143

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH D HOLMEN	PRESIDENT/CEO	1.00	Officer Director	$0	$33,551	$1,622,196
JOSEPH D HELLIE	PRESIDENT	1.00	Officer Director	$0	$82,573	$406,177
GREGORY R KLUGHERZ	TREASURER/CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$32,906	$874,757
DAVID J TILSTRA MD CPE	VICE PRESIDENT	1.00	Officer Director	$0	$125,447	$747,309
PAUL R HARRIS ESQ	SECRETARY	1.00	Officer Director	$0	$110,529	$659,056
JULIE GAY PA	DIRECTOR/PHYSICIAN ASSISTANT	40.00	Director	$0	$22,697	$119,648
OMER QUREISHY MD	PHYSICIAN	40.00	Highest	$0	$42,108	$457,707
MARK W BONNEVILLE MD	PHYSICIAN	40.00	Highest	$0	$44,104	$389,689
MOHAMMED I HUSSAIN MBBS	PHYSICIAN	40.00	Highest	$0	$44,205	$423,997
STEVEN J FUGLESTAD MD	PHYSICIAN	40.00	Highest	$0	$32,449	$400,879
KEVIN W SIRMONS MD	PHYSICIAN	40.00	Highest	$0	$45,205	$395,014

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
2018	$161,457	$45,997	No data	$115,460

CENTRAL MINNESOTA EMERGENCY PHYSICIANS INC