Grand Itasca Clinic and Hospital (EIN 411865874) - 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

1997

Legal Domicile

Phone

2183265000

Tax Period

2023-01-01 to 2023-12-31

Grand Itasca Clinic and Hospital, founded in 1997, is a major nonprofit in the Health Care sector that reported $122.2M in total revenue in fiscal year 2023. Expenses of $117.6M left a modest 4% surplus.

Mission

Provide quality, accessible, and valuable health care services via a hospital, home health agency, and clinic to the surrounding rural community.

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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 $173,420

Program Service Revenue $120,385,377

Investment Income $1,050,085

Other Revenue $625,013

TOTAL REVENUE $122,233,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,499,348

Fundraising Expenses $0

Program Expenses $105,756,925

Other Expenses $44,076,601

TOTAL EXPENSES $117,575,949

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,233,895	$116,492,227	+0.0%
Expenses	$117,575,949	$108,085,446	+0.1%
Net Income	$4,657,946	$8,406,781	-0.4%

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

Governance

Voting Members

Independent Members

Employees

895

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

$9,656,300

Total Directors

$4,280,054

Key Employees

$539,038

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Officer, end 11-1-2023	1.0	Officer Director	$0	$103,835	$2,033,363
N/A	Director	1.0	Director	$0	$30,087	$583,547
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Chair	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Secretary, end 2023	1.0	Director	$0	$0	$0
N/A	Director	40.0	Director	$389,036	$33,055	$422,091
N/A	Director	1.0	Director	$0	$128,728	$814,571
N/A	Vice Chair, end 2023	1.0	Director	$0	$0	$0
N/A	Secretary	1.0	Director	$0	$0	$0
N/A	Vice Chair	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Treasurer	40.0	Director	$375,835	$50,647	$426,482
N/A	Director	1.0	Director	$0	$0	$0
N/A	Officer	2.0	Officer	$0	$38,307	$5,246,751
N/A	President & CEO	20.0	Officer	$0	$80,222	$573,096
N/A	Officer, New 11-1-2023	1.0	Officer	$0	$170,630	$1,253,184
N/A	VP Operations	40.0	Officer	$245,116	$45,433	$290,549
N/A	VP Finance	20.0	Officer	$224,134	$35,223	$259,357
N/A	CMO	40.0	Key Emp	$497,609	$41,429	$539,038
N/A	Physician	40.0	Highest	$575,541	$41,715	$617,256
N/A	Physician	40.0	Highest	$1,002,372	$53,007	$1,055,379
N/A	Physician	40.0	Highest	$583,520	$53,690	$637,210
N/A	Physician	40.0	Highest	$476,731	$53,493	$530,224
N/A	Physician	40.0	Highest	$468,540	$53,464	$522,004

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	$122,233,895	$117,575,949	$99,009,930	$4,657,946
2022	$116,492,227	$108,085,446	$84,488,316	$8,406,781
2021	$122,916,480	$107,740,453	$77,773,462	$15,176,027
2020	$103,118,780	$96,805,702	$71,663,098	$6,313,078
2019	$97,048,489	$94,210,341	$60,436,620	$2,838,148
2018	$90,909,519	$88,749,470	$78,502,474	$2,160,049

Grand Itasca Clinic and Hospital