RHSC INC

EIN: 411891928 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$20,304,012
Total Expenses
$19,176,084
Total Assets
$8,609,218
Net Assets
$3,853,191
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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
MN
Principal Officer
ALITA R RISINGER
Phone
9528836584
Tax Period
2023-01-01 to 2023-12-31

RHSC INC, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $20.3M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $19.2M left a modest 6% surplus.

Mission

RHSC, INC. SUPPORTS TEACHING, RESEARCH ACTIVITIES AND CARE DELIVERY.

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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 $0
Program Service Revenue $20,189,161
Investment Income $114,851
Other Revenue $0
TOTAL REVENUE $20,304,012

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,573,089
Fundraising Expenses $0
Program Expenses $19,175,592
Other Expenses $1,602,995
TOTAL EXPENSES $19,176,084

Year-over-Year Comparison

2023 2022 Change
Revenue $20,304,012 $33,132,168 -0.4%
Expenses $19,176,084 $31,807,539 -0.4%
Net Income $1,127,928 $1,324,629 -0.1%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
470
Volunteers
N/A

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
$3,015,729
Total Directors
3
$2,304,556
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBRA A RUDQUIST DIRECTOR 0.50
Director
$0 $64,811 $474,745
MEGAN M REMARK DIRECTOR, PRESIDENT, CHAIR 0.50
Officer Director
$0 $314,288 $1,279,497
PAMELA S ZOELLER DIRECTOR 0.50
Director
$0 $68,951 $550,314
ALITA RISINGER TREASURER 0.50
Officer
$0 $112,052 $686,286
NANCY L EVERT SECRETARY 0.50
Officer
$0 $238,674 $1,049,946
LEAH R HANSON NEUROSCIENCE RESEARCH DIR 50.00
Highest
$254,849 $84,703 $339,552
MICHELLE T NOLTIMIER DIR OF DEV & STUDENT CLINICAL ED 40.00
Highest
$219,992 $53,351 $273,343
JANET M HOLFOTH PHYSICIAN ASSISTANT 57.00
Highest
$219,403 $192,989 $412,392
KELLIE J SCHRANK PHYSICIAN ASSISTANT 45.00
Highest
$219,208 $53,580 $272,788
JOSEPH M UZPEN PHYSICIAN ASSISTANT 45.00
Highest
$217,432 $52,923 $270,355
HEIDI G CONRAD FORMER TREASURER 0.00
$0 $46,240 $226,148
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 $20,304,012 $19,176,084 $8,609,218 $1,127,928
2022 $33,132,168 $31,807,539 $6,992,838 $1,324,629
2021 $27,287,465 $27,417,505 $4,939,885 $-130,040
2020 $26,845,704 $26,045,800 $5,422,580 $799,904
2019 $25,275,057 $25,074,956 $4,305,734 $200,101
2018 $23,814,542 $24,037,566 $3,468,319 $-223,024
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