GLENCOE REGIONAL HEALTH SERVICES (EIN 411949230) - 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

1999

Legal Domicile

Principal Officer

ANGELA ERICKSON

Phone

3208643121

Tax Period

2024-01-01 to 2024-12-31

GLENCOE REGIONAL HEALTH SERVICES, founded in 1999, is a mid-sized nonprofit in the Health Care sector that reported $94.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $88.0M left a modest 6% surplus.

Mission

TO IMPROVE EVERY LIFE BY OFFERING HIGH-QUALITY, SAFE, AND ACCESSIBLE HEALTHCARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,311,869

Program Service Revenue $87,237,783

Investment Income $4,975,978

Other Revenue $447,564

TOTAL REVENUE $93,973,194

Expense Breakdown

Grants Paid $52,620

Salaries & Benefits $57,751,487

Fundraising Expenses $0

Program Expenses $79,230,206

Other Expenses $30,180,147

TOTAL EXPENSES $87,984,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,973,194	$80,404,036	+0.2%
Expenses	$87,984,254	$78,835,872	+0.1%
Net Income	$5,988,940	$1,568,164	+2.8%

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

789

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

$668,861

Total Directors

$1,542,355

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT KUEHN	CHAIR	0.50	Officer Director	$0	$0	$0
MARY STOLTENBURG	VICE CHAIR	0.50	Officer Director	$0	$0	$0
HEATHER PEIRCE	SECRETARY	0.50	Officer Director	$0	$0	$0
SEAN TRITABAUGH	DIRECTOR	0.50	Director	$0	$0	$0
DR BRYAN FRITSCH	DIRECTOR & PHYSICIAN	40.50	Director	$372,529	$47,071	$419,600
DR BRYAN PETERSEN	DIRECTOR & PHYSICIAN	40.50	Director	$454,007	$49,560	$503,567
DR KRISTEN BUDAHN	DIRECTOR & PHYSICIAN	40.00	Director	$577,530	$41,658	$619,188
ANGELA ERICKSON	CFO	40.00	Officer	$206,319	$43,255	$249,574
BENJAMIN DAVIS	PRESIDENT AND CEO	40.00	Officer	$363,365	$55,922	$419,287
DR CHAD ROBBINS	PHYSICIAN	40.00	Highest	$497,491	$47,333	$544,824
DR ELIZABETH COLSEN	PHYSICIAN	40.00	Highest	$520,475	$38,723	$559,198
DR KEN SMITH	PHYSICIAN	40.00	Highest	$608,273	$13,662	$621,935
JOSLIN THIEMANN APRN	ADVANCED PRACTICE PROV.	40.00	Highest	$664,284	$50,057	$714,341
DR MATTHEW COPPLE	PHYSICIAN	40.00	Highest	$880,423	$32,373	$912,796

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	$93,973,194	$87,984,254	$130,963,775	$5,988,940
2023	$80,404,036	$78,835,872	$126,997,568	$1,568,164
2022	$74,161,133	$74,218,441	$119,978,455	$-57,308
2021	$77,673,503	$68,051,592	$129,617,347	$9,621,911
2020	$68,097,924	$64,196,701	$119,374,284	$3,901,223
2019	$66,479,330	$62,981,017	$113,597,620	$3,498,313
2018	$64,027,495	$61,829,229	$108,725,116	$2,198,266

GLENCOE REGIONAL HEALTH SERVICES