DULUTH, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SMDC MEDICAL CENTER, founded in 1997, is a major nonprofit in the Health Care sector that reported $846.3M in total revenue in fiscal year 2024.
WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES.
SMDC MEDICAL CENTER, DBA ESSENTIA HEALTH DULUTH, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH DULUTH SHALL...
SMDC MEDICAL CENTER, DBA ESSENTIA HEALTH DULUTH, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH DULUTH SHALL OWN, MAINTAIN, OPERATE AND CONDUCT HEALTH CARE AND RELATED ACTIVITIES AND FACILITIES FOR THE PROMOTION OF HEALTH WITHIN ITS COMMUNITY, INCLUDING CHARITABLE CARE TO PERSONS UNABLE TO PAY.ESSENTIA HEALTH DULUTH HAS A JOINT COMMISSION ACCREDITED HOSPITAL WITH 165 LICENSED BEDS AND 10 MULTI-SPECIALTY CLINICS SERVING ST. LOUIS COUNTY. ESSENTIA HEALTH DULUTH OFFERS A BROAD RANGE OF INPATIENT AND OUTPATIENT SERVICES FOR ITS PATIENTS, INCLUDING IMAGING/RADIOLOGY, SURGERY, LAB, NEUROSCIENCES, CANCER SERVICES, ORTHOPEDICS, FAMILY AND PEDIATRICS SERVICES, BEHAVIORAL HEALTH, REHABILITATION, AND HEART AND VASCULAR.ESSENTIA HEALTH DULUTH EMPLOYS APPROXIMATELY 1,825 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED NEARLY 30,000 HOSPITAL PATIENT DAYS AND 44,000 OUTPATIENT VISITS DURING THE FISCAL YEAR ENDED JUNE 30, 2025. THE CLINICS HAD NEARLY 673,000 ENCOUNTERS DURING THE SAME TIME PERIOD.DURING THE FISCAL YEAR ENDED JUNE 30, 2025, ESSENTIA HEALTH DULUTH PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $2.1 MILLION IN CHARITY CARE, $40.6 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, $1.8 MILLION IN COMMUNITY SERVICES, AND $162,000 IN HEALTH PROFESSION EDUCATION.ESSENTIA HEALTH DULUTH IS THE SOLE MEMBER OF ESSENTIA HEALTH VIRGINIA, LLC DBA ESSENTIA HEALTH VIRGINIA. ESSENTIA HEALTH VIRGINIA IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. ESSENTIA HEALTH VIRGINIA HAS A JOINT COMMISSION ACCREDITED HOSPITAL WITH 83 LICENSED BEDS AND SIX CLINICS SERVING NORTHERN ST. LOUIS COUNTY. THE HOSPITAL IS A LEVEL IV TRAUMA CENTER AND OFFERS EMERGENCY CARE 24 HOURS A DAY. ESSENTIA HEALTH VIRGINIA OFFERS INPATIENT AND OUTPATIENT SERVICES INCLUDING OBSTETRICS AND BIRTHING SERVICES, INTENSIVE CARE, URGENT CARE, IMAGING/RADIOLOGY, SURGERY, LAB, CANCER SERVICES, HEART AND VASCULAR, AND REHABILITATION.ESSENTIA HEALTH VIRGINIA HAS A 40-BED SKILLED NURSING FACILITY WITHIN ITS MEDICAL CAMPUS ALLOWING RESIDENTS AND THEIR FAMILIES EASY ACCESS TO A FULL RANGE OF HOSPITAL, CLINIC, AND OTHER RELATED SERVICES.ESSENTIA HEALTH VIRGINIA EMPLOYS APPROXIMATELY 485 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED NEARLY 7,000 PATIENT DAYS AND 57,000 OUTPATIENT VISITS DURING THE FISCAL YEAR ENDED JUNE 30, 2025. THE CLINICS HAD OVER 133,000 ENCOUNTERS AND THE SKILLED NURSING FACILITY PROVIDED 8,000 RESIDENT DAYS DURING THE SAME TIME PERIOD.DURING THE FISCAL YEAR ENDED JUNE 30, 2025, ESSENTIA HEALTH VIRGINIA PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $881,000 IN CHARITY CARE, $7.4 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, $211,000 IN COMMUNITY SERVICES, AND $47,000 IN HEALTH PROFESSION EDUCATION.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").
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 | $846,313,426 | $796,444,043 | +0.1% |
| Expenses | $828,772,772 | $769,749,778 | +0.1% |
| Net Income | $17,540,654 | $26,694,265 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| TRACI MORRIS | TREASURER/REL ORG CHIEF FINCL OFF | 1.00 |
Officer
|
$0 | $144,686 | $1,199,416 |
| BRADLEY BEARD | CHIEF OPERATING OFFICER | 1.00 |
Key Emp
|
$1,000,148 | $179,046 | $1,179,194 |
| WILLIAM HEEGAARD MD | PRESIDENT - EAST THRU 4/24 | 1.00 |
Highest
|
$448,218 | $122,346 | $1,098,293 |
| KRISTA SKORUPA MD | PRESIDENT - EAST | 1.00 |
Highest
|
$806,396 | $146,142 | $952,538 |
| JASON SCHULTZ MD | CHIEF MEDICAL OFFICER | 1.00 |
Key Emp
|
$483,724 | $171,138 | $942,581 |
| MICHAEL WATTERS | SECRETARY/REL ORG CHIEF LEGAL OFF | 1.00 |
Officer
|
$0 | $151,399 | $924,527 |
| RHONDA KAZIK | CHIEF NURSE EXECUTIVE | 1.00 |
Key Emp
|
$685,390 | $133,586 | $818,976 |
| JANICE SCHADE | SENIOR VP, OPERATIONS THRU 3/24 | 1.00 |
Key Emp
|
$636,028 | $47,564 | $683,592 |
| KEVIN BOREN | VICE PRESIDENT, FINANCE | 1.00 |
Officer
|
$554,813 | $123,808 | $678,621 |
| TAMMY KRITZER | SENIOR VICE PRESIDENT, OPERATIONS | 1.00 |
Key Emp
|
$537,081 | $98,465 | $635,546 |
| TROY DUININCK MD | BD DIRECTOR/REL ORG PHYS & DIV CHAIR | 0.10 |
Director
|
$0 | $69,761 | $617,667 |
| ANNE STEPHEN MD | CHIEF MEDICAL OFFICER THRU 5/24 | 1.00 |
Key Emp
|
$298,679 | $70,794 | $569,897 |
| TODD DEFREECE | SENIOR VICE PRESIDENT, OPERATIONS | 1.00 |
Key Emp
|
$0 | $117,001 | $529,660 |
| TRENT NOBLES | SENIOR VP, OPERATIONS THRU 3/25 | 1.00 |
Key Emp
|
$314,139 | $71,700 | $385,839 |
| SARA LOKSTAD MD | ASSOCIATE CHIEF MEDICAL OFFICER | 1.00 |
Key Emp
|
$0 | $22,951 | $360,496 |
| SAMUEL STONE | ADMINISTRATOR - VIRGINIA | 60.00 |
Highest
|
$293,302 | $57,981 | $351,283 |
| ERIK JULSRUD | MEDICAL PHYSICS MANAGER | 60.00 |
Highest
|
$286,347 | $56,958 | $343,305 |
| JAN BALDWIN MD | BOARD DIRECTOR/RELATED ORG PHYSICIAN | 0.10 |
Director
|
$0 | $50,172 | $308,234 |
| VICKI SCHEER | ADMINISTRATOR THRU 2/25 | 60.00 |
Officer
|
$251,433 | $50,900 | $302,333 |
| KENNETH MONGER | FINANCE DIRECTOR | 60.00 |
Highest
|
$232,301 | $45,095 | $277,396 |
| ERIC NELSON | SENIOR VICE PRESIDENT, OPERATIONS | 1.00 |
Key Emp
|
$219,557 | $29,005 | $248,562 |
| ELIZABETH YOUNG | INTERIM ADMINISTRATOR | 1.00 |
Officer
|
$0 | $7,849 | $147,718 |
| JOSEPH MIHALEK | BOARD CHAIR THRU 12/24 | 0.10 |
Officer
Director
|
$0 | $0 | $7,800 |
| THOMAS JAMAR | BOARD VICE CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $6,600 |
| ALAN ROCK | BOARD DIRECTOR THRU 12/24 | 0.10 |
Director
|
$0 | $0 | $6,000 |
| GEORGE LOBAN | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $5,600 |
| ANTHONY SERTICH | BOARD CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $5,400 |
| AMY BERGSTROM | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $5,000 |
| ANTHONY YUNG | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $3,600 |
| ADAM BACHAND | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| BECKY URBANSKI | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| NANCY ARONSON NORR | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| SISTER BEVERLY RAWAY | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| SISTER JEANNE ANN WEBER | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| SISTER THERESE CARSON | BOARD DIRECTOR THRU 12/24 | 0.10 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $846,313,426 | $828,772,772 | $1,093,978,165 | $17,540,654 |
| 2024 | No data | No data | No data | No data |
| 2023 | $701,753,513 | $711,850,704 | $1,125,848,886 | $-10,097,191 |
| 2022 | $697,343,156 | $657,308,661 | $1,095,781,940 | $40,034,495 |
| 2021 | $663,367,068 | $601,243,168 | $1,099,340,280 | $62,123,900 |
| 2020 | $557,084,627 | $572,153,049 | $1,429,099,437 | $-15,068,422 |
| 2019 | $559,394,679 | $551,372,197 | $1,327,199,794 | $8,022,482 |
| 2018 | $536,912,273 | $530,340,669 | $670,924,103 | $6,571,604 |
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