MELROSE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CENTRACARE HEALTH SYSTEM - MELROSE, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $54.9M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $52.4M left a modest 5% surplus.
WE'RE HERE FOR YOUR WHOLE LIFE TO LISTEN, THEN SERVE, TO GUIDE AND HEAL BECAUSE HEALTH MEANS EVERYTHING.
CCH - MELROSE IS PART OF A LARGER INTEGRATED HEALTH CARE DELIVERY SYSTEM KNOWN AS CENTRACARE HEALTH, A SYSTEM RECOGNIZED FOR BEING A LEADER IN PROVIDING HIGH-QUALITY, COMPREHENSIVE CARE THROUGHOUT...
CCH - MELROSE IS PART OF A LARGER INTEGRATED HEALTH CARE DELIVERY SYSTEM KNOWN AS CENTRACARE HEALTH, A SYSTEM RECOGNIZED FOR BEING A LEADER IN PROVIDING HIGH-QUALITY, COMPREHENSIVE CARE THROUGHOUT THE REGION. CCH - MELROSE IS A 14 BED CRITICAL ACCESS HOSPITAL THAT PROVIDES ACUTE CARE SERVICES IN THE AREAS OF MEDICAL, SURGICAL, DIAGNOSTIC AND OBSTETRICS ALONG WITH OTHER SERVICES OF 24 HOUR EMERGENCY ROOM, IMAGING, LABORATORY, REHABILITATION, AND CHEMOTHERAPY TO THE COMMUNITY OF STEARNS COUNTY. THERE WERE 466 INPATIENT VISITS, 1,943 INPATIENT DAYS WITH 41,324 OUTPATIENT VISITS, AND 5,014 EMERGENCY ROOM VISITS IN FISCAL YEAR 2023.
CCH - MELROSE OPERATES MELROSE PARK VIEW PLACE AND CENTRACARE - MELROSE CARE CENTER, WHICH ARE CONVENIENTLY CONNECTED TO THE MELROSE HOSPITAL FOR THE HEALTH NEEDS OF THE COMMUNITY. MELROSE PARK VIEW...
CCH - MELROSE OPERATES MELROSE PARK VIEW PLACE AND CENTRACARE - MELROSE CARE CENTER, WHICH ARE CONVENIENTLY CONNECTED TO THE MELROSE HOSPITAL FOR THE HEALTH NEEDS OF THE COMMUNITY. MELROSE PARK VIEW PLACE IS A 60-UNIT INDEPENDENT LIVING SENIOR HOUSING APARTMENT BUILDING THAT OFFERS RETIREMENT LIVING AT ITS FINEST. MELROSE PINE VILLA CARE CENTER IS A 75 BED SKILLED NURSING FACILITY THAT PROVIDES QUALITY, COMPASSIONATE CARE WITH AN EMPHASIS ON ENHANCING EACH RESIDENT'S PHYSICAL, SPIRITUAL, EMOTIONAL AND SOCIAL WELL BEING. THERE WERE 22,923 RESIDENT DAYS DURING FISCAL YEAR 2023.
CCH - MELROSE OPERATES THE MELROSE CLINIC, WHICH IS CONVENIENTLY CONNECTED TO THE MELROSE HOSPITAL FOR THE HEALTH NEEDS OF THE COMMUNITY. MELROSE CLINIC PROVIDES SERVICES OF GENERAL SURGERY...
CCH - MELROSE OPERATES THE MELROSE CLINIC, WHICH IS CONVENIENTLY CONNECTED TO THE MELROSE HOSPITAL FOR THE HEALTH NEEDS OF THE COMMUNITY. MELROSE CLINIC PROVIDES SERVICES OF GENERAL SURGERY, NEUROLOGY, OBSTETRICS/GYNECOLOGY, ONCOLOGY, ORTHOPEDICS, AND UROLOGY. THERE WERE 26,533 CLINIC VISITS DURING FISCAL YEAR 2023.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $54,897,942 | $58,974,975 | -0.1% |
| Expenses | $52,399,778 | $50,980,185 | +0.0% |
| Net Income | $2,498,164 | $7,994,790 | -0.7% |
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 |
|---|---|---|---|---|---|---|
| KENNETH HOLMEN | PRESIDENT/CEO | 6.50 |
Officer
Director
|
$0 | $66,805 | $1,761,954 |
| CHRISTIAN SCHMIDT | DIRECTOR | 1.00 |
Director
|
$0 | $75,411 | $608,710 |
| BRYAN ROLPH | DIRECTOR | 1.00 |
Director
|
$0 | $2,519 | $539,001 |
| RICHARD WEHSELER | DIRECTOR | 1.00 |
Director
|
$0 | $53,982 | $469,399 |
| DAVID ANFINSON | VICE CHAIR | 0.25 |
Officer
Director
|
$0 | $0 | $33,500 |
| STEVE LARAWAY | BOARD CHAIR | 0.25 |
Officer
Director
|
$0 | $0 | $31,500 |
| TIM WENSMAN | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $14,638 |
| JEFF GAU | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $12,000 |
| MICHELLE JOHNSON | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $10,000 |
| RENEE FRAUENDIENST | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $10,000 |
| DAN ABDUL | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $8,000 |
| JAMES HEBL | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $4,000 |
| FATHER TOM KNOBLACH | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| JOY PLAMANN | COO/SR VP | 6.50 |
Officer
|
$0 | $40,069 | $860,505 |
| MICHAEL BLAIR | CFO/SR VP/ TREASURER | 6.50 |
Officer
|
$0 | $73,386 | $780,665 |
| SANTO CRUZ | CLO/SR VP/ SECRETARY | 6.50 |
Officer
|
$0 | $51,904 | $586,356 |
| AMY PORWOLL | CISO/SR VP | 8.00 |
Key Emp
|
$0 | $46,279 | $616,942 |
| ANTHONY GARDNER | CMCO/SR VP | 8.00 |
Key Emp
|
$0 | $38,169 | $431,416 |
| PATRICK HELLER | PHYSICIAN | 40.00 |
Highest
|
$0 | $44,326 | $590,759 |
| MICHAEL BESTE | PHYSICIAN | 40.00 |
Highest
|
$0 | $47,490 | $504,649 |
| LINDSEY CHMIELEWSKI | PHYSICIAN | 40.00 |
Highest
|
$0 | $68,306 | $430,478 |
| BRYAN BAUCK | PHYSICIAN | 40.00 |
Highest
|
$0 | $59,209 | $413,478 |
| KURT SCHWIETERS | PHYSICIAN | 40.00 |
Highest
|
$0 | $70,980 | $382,833 |
| CRAIG BROMAN | FORMER OFFICER | 0.00 |
|
$0 | $0 | $384,531 |
| CINDY FIRKINS SMITH | FORMER KEY EMPLOYEE | 0.00 |
|
$0 | $56,068 | $816,630 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $54,897,942 | $52,399,778 | $71,757,257 | $2,498,164 |
| 2022 | $58,974,975 | $50,980,185 | $80,850,643 | $7,994,790 |
| 2021 | $45,743,382 | $46,945,684 | $87,022,550 | $-1,202,302 |
| 2020 | $44,111,814 | $40,826,082 | $78,938,963 | $3,285,732 |
| 2019 | $46,202,113 | $40,163,258 | $79,577,372 | $6,038,855 |
| 2019 | $46,202,113 | $40,163,258 | $79,577,372 | $6,038,855 |
| 2018 | $42,352,946 | $37,367,668 | $77,984,166 | $4,985,278 |
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