SIOUX VALLEY MEMORIAL HOSPITAL ASS… - Form 990 Financial Data

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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

1916

Legal Domicile

Principal Officer

GARY JORDAN

Phone

7122256818

Tax Period

2023-01-01 to 2023-12-31

SIOUX VALLEY MEMORIAL HOSPITAL ASSOCIATION, founded in 1916, is a mid-sized nonprofit in the Health Care sector that reported $55.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $49.6M left a modest 11% surplus.

Mission

TO PROVIDE A COMPLETE CONTINUUM OF HEALTHCARE SERVICES TO THE PEOPLE OF CHEROKEE AND SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $47,546,894 Revenue: $50,688,498

THE ORGANIZATION IS A CRITICAL ACCESS HOSPITAL WITH 25 ACUTE BEDS. THE ORGANIZATION PROVIDES ACUTE AND ANCILLARY SERVICES TO INDIVIDUALS IN AN INPATIENT AND OUTPATIENT SETTING. IN ADDITION, THE...

THE ORGANIZATION IS A CRITICAL ACCESS HOSPITAL WITH 25 ACUTE BEDS. THE ORGANIZATION PROVIDES ACUTE AND ANCILLARY SERVICES TO INDIVIDUALS IN AN INPATIENT AND OUTPATIENT SETTING. IN ADDITION, THE ORGANIZATION OPERATES SEVERAL PHYSICIAN'S CLINICS, A SENIOR HOUSING INDEPENDENT LIVING CENTER, AND A WELLNESS CENTER. DURING 2023, THE ORGANIZATION PROVIDED 1,418 DAYS OF ACUTE CARE, 153 DAYS OF SKILLED NURSING CARE, 128 NURSERY DAYS, AND 63,193 OUTPATIENT OCCASIONS OF SERVICE.

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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 $1,531,027

Program Service Revenue $50,213,538

Investment Income $1,047,889

Other Revenue $2,791,354

TOTAL REVENUE $55,583,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,020,927

Fundraising Expenses $22,229

Program Expenses $47,546,894

Other Expenses $23,570,313

TOTAL EXPENSES $49,591,240

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,583,808	$49,085,974	+0.1%
Expenses	$49,591,240	$46,037,507	+0.1%
Net Income	$5,992,568	$3,048,467	+1.0%

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

398

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

$570,270

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAY LEAVITT	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BRANDON HENKE	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KELLEN LUDVIGSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KERRY HURD	DIRECTOR	1.00	Director	$0	$0	$0
LES TODD	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA TRAPP	DIRECTOR	1.00	Director	$0	$0	$0
SARAH COOK	DIRECTOR	1.00	Director	$0	$0	$0
GARY JORDAN	CEO	40.00	Officer	$0	$39,943	$400,604
TYLER GERSTANDT	CFO	40.00	Officer	$149,636	$20,030	$169,666
DR SEAN NELSON	MD	44.00	Highest	$519,035	$39,336	$558,371
DR JOHN GREAVES	DPM	44.00	Highest	$466,683	$39,608	$506,291
DR PATRICIA HARRISON	MD	44.00	Highest	$424,348	$17,346	$441,694
DR NICHOLAS LOUGHLIN	DO	44.00	Highest	$650,046	$37,374	$687,420
DR SCOTT MURRAY	MD	44.00	Highest	$531,749	$34,652	$566,401

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	$55,583,808	$49,591,240	$89,221,953	$5,992,568
2022	$49,085,974	$46,037,507	$80,030,785	$3,048,467
2021	$52,691,699	$42,486,412	$85,979,700	$10,205,287
2020	$44,379,443	$38,087,601	$80,583,038	$6,291,842
2019	$35,652,260	$32,677,113	$65,301,664	$2,975,147
2018	$34,829,155	$30,872,223	$61,733,284	$3,956,932

SIOUX VALLEY MEMORIAL HOSPITAL ASSOCIATION