PELLA REGIONAL HEALTH CENTER (EIN 420842204) - 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

1958

Legal Domicile

Principal Officer

ROBERT KROESE

Phone

6416283150

Tax Period

2023-01-01 to 2023-12-31

PELLA REGIONAL HEALTH CENTER, founded in 1958, is a major nonprofit in the Health Care sector that reported $148.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $139.2M left a modest 6% surplus.

Mission

TO PROVIDE HEALTHCARE AND HEALING SERVICES WITH CHRISTIAN COMPASSION

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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 $1,189,840

Program Service Revenue $125,839,069

Investment Income $2,196,268

Other Revenue $19,309,610

TOTAL REVENUE $148,534,787

Expense Breakdown

Grants Paid $8,238

Salaries & Benefits $74,536,634

Fundraising Expenses $0

Program Expenses $120,317,302

Other Expenses $64,659,667

TOTAL EXPENSES $139,204,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,534,787	$129,653,114	+0.1%
Expenses	$139,204,539	$127,604,214	+0.1%
Net Income	$9,330,248	$2,048,900	+3.6%

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

1065

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

$743,946

Total Directors

$1,630,628

Key Employees

$439,626

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR RICHARD POSTHUMA	BOARD MEMBER	40.00	Director	$434,940	$54,852	$489,792
STEPHEN BARNES DO	BOARD MEMBER	40.00	Director	$479,030	$53,148	$532,178
JIM BRANDL	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MARY GLENDENING	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHAD HUYSER	BOARD MEMBER	0.50	Director	$0	$0	$0
LESLIE JOHNSON	FORMER BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL JONES	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE MORGAN	FORMER BOARD MEMBER	0.50	Director	$0	$0	$0
RANDY STRAVERS	BOARD MEMBER	0.50	Director	$0	$0	$0
TRAVIS TURNBULL	TREASURER	0.50	Officer Director	$0	$0	$0
DR CRAIG WITTENBERG	BOARD MEMBER	40.00	Director	$553,254	$55,404	$608,658
KATHY CASHEN THOMPSON	BOARD MEMBER	0.50	Director	$0	$0	$0
TRIXANNA WANG	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT KROESE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$394,431	$86,273	$480,704
BRUCE HEIFNER	CHIEF FINANCIAL OFFICER	40.00	Officer	$225,304	$37,938	$263,242
LEZLIE MORRIS	CHIEF OF CLINIC SERVICES	40.00	Key Emp	$200,757	$16,154	$216,911
JODY VAN VEEN	CHIEF NURSING OFFICER	40.00	Key Emp	$199,250	$23,465	$222,715
RUSSELL BANDSTRA MD	PHYSICIAN	40.00	Highest	$712,250	$35,481	$747,731
KIMBERLY BINA DO	PHYSICIAN	40.00	Highest	$519,696	$16,675	$536,371
SETH STREETER DO	PHYSICIAN	40.00	Highest	$486,208	$52,445	$538,653
MATT MORGAN DO	PHYSICIAN	40.00	Highest	$621,641	$53,546	$675,187
JOHN WELANDER MD	PHYSICIAN	40.00	Highest	$678,476	$53,130	$731,606

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	$148,534,787	$139,204,539	$177,241,268	$9,330,248
2022	$129,653,114	$127,604,214	$158,071,652	$2,048,900
2021	$125,913,375	$114,499,260	$185,190,676	$11,414,115
2020	$109,674,630	$105,036,263	$175,318,188	$4,638,367
2019	$105,691,818	$100,373,641	$155,992,830	$5,318,177
2018	$98,472,619	$96,486,092	$143,578,323	$1,986,527

PELLA REGIONAL HEALTH CENTER