Winona Health Foundation (EIN 411879744) - 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

1996

Legal Domicile

Principal Officer

Rachelle Heising-Schultz

Phone

5074543650

Tax Period

2023-10-01 to 2024-09-30

Winona Health Foundation, founded in 1996, is a community nonprofit in the Health Care sector that reported $9.0M in total revenue in fiscal year 2023. Revenue surged 206% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.3M, a strong 82% operating margin.

Mission

Support the provision of healthcare services

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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 $3,503,593

Program Service Revenue $0

Investment Income $5,503,766

Other Revenue $-37,494

TOTAL REVENUE $8,969,865

Expense Breakdown

Grants Paid $1,344,205

Salaries & Benefits $152,783

Fundraising Expenses $199,830

Program Expenses $1,344,205

Other Expenses $134,008

TOTAL EXPENSES $1,630,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,969,865	$2,930,854	+2.1%
Expenses	$1,630,996	$1,194,538	+0.4%
Net Income	$7,338,869	$1,736,316	+3.2%

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

N/A

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

$870,964

Total Directors

$2,397,764

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Mogren	Chair	1.00	Officer Director	$0	$0	$0
Steve Blue	Director	1.00	Director	$0	$0	$0
Matthew Broghammer MD	Director	1.00	Director	$0	$93,153	$670,598
E Allen Beguin MD	Director	1.00	Director	$0	$57,812	$331,917
Hugh Miller	Director	1.00	Director	$0	$0	$0
Sandra Burke	Director	1.00	Director	$0	$0	$0
Greg Evans	Director	1.00	Director	$0	$0	$0
Nicholas Modjeski MD	Director	1.00	Director	$0	$50,808	$303,449
Brian Semling	Director	1.00	Director	$0	$0	$0
Robert Williams	Director	1.00	Director	$0	$0	$0
David Vaselaar	Director	1.00	Director	$0	$0	$0
Fatima Said	Director	1.00	Director	$0	$0	$0
Todd Paulson	Director	1.00	Director	$0	$0	$0
Dave Gilmer	Director	1.00	Director	$0	$0	$0
Katrina Hammel MD	Director	1.00	Director	$0	$69,860	$434,673
Toni Highum	Director (Until Dec)	1.00	Director	$0	$0	$0
Rachelle Heising-Schultz	President/CEO/Director	2.00	Officer Director	$0	$58,288	$657,127
Jessica Remington	CFO/Treasurer	1.00	Officer	$0	$28,713	$213,837

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	$8,969,865	$1,630,996	$60,787,789	$7,338,869
2023	$2,930,854	$1,194,538	$47,544,457	$1,736,316
2022	$1,748,604	$1,518,008	$43,588,351	$230,596
2021	$3,660,037	$1,525,295	$52,309,191	$2,134,742
2020	$2,233,362	$1,178,441	$43,842,577	$1,054,921
2019	$2,361,846	$1,626,544	$40,912,965	$735,302
2018	$2,380,604	$1,700,680	$43,655,224	$679,924

Winona Health Foundation