Winona Health Foundation

EIN: 411879744 501(c)(3) Health Care

Winona, MN

Total Revenue
$8,969,865
Total Expenses
$1,630,996
Total Assets
$60,787,789
Net Assets
$58,584,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MN
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

The mission of the Winona Health Foundation is to gather, steward, and distribute resources needed to support and advance the mission of Winona Health and its affiliates.

Program Service Accomplishments

Program 1
Expenses: $1,344,205

The Winona Health Foundation assists Winona Health in achieving its mission to inspire, recognize, and empower the caregiver in all of us. The geographic scope is the City of Winona and surrounding...

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The Winona Health Foundation assists Winona Health in achieving its mission to inspire, recognize, and empower the caregiver in all of us. The geographic scope is the City of Winona and surrounding communities in Minnesota and Wisconsin. The Foundation makes grants and contributions to Winona Health's nonprofit affiliates including Winona Health Services and Winona Senior Services. Winona Health Services includes a 49-bed primary care hospital that also includes an emergency department, provides inpatient mental health services, rehabilitative and dialysis services, outpatient diagnostics and ambulatory surgery. (Continued on Schedule O)It also includes primary care clinics in Winona and Rushford, Minnesota, and specialty clinics including sports and orthopedic specialists, eye care center, pain management center, psychiatric and counseling services, occupational health, durable medical equipment, retail pharmacy and urgent care clinic. Winona Senior Services includes Lake Winona Manor, a 80-bed skilled nursing facility, Adith Miller and Roger Metz Manors, 20-bed assisted living facilities for memory care, Watkins Manor an assisted living facility for 53 seniors, and hospice services.In the mid-80s, Benjamin A. Miller, a former Winona-area businessman and philanthropist, established the Ben & Adith Miller Patient Care Fund in the Winona Health Foundation in honor of his wife, Adith. The Ben & Adith Miller Patient Care Fund is a unique community resource that helps individuals and families pay for unexpected medical expenses incurred while seeking care at Winona Health. In FY2024, the fund helped 293 individuals pay more than $450,000 in medical bills.

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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%)

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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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Governance

Voting Members
16
Independent Members
11
Employees
N/A
Volunteers
13

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
3
$870,964
Total Directors
17
$2,397,764
Key Employees
0
$0
Highest Compensated
0
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
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