GREAT RIVER HEALTH SYSTEM INC (EIN 421193185) - 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

1983

Legal Domicile

Principal Officer

DR MICHAEL MCCOY

Phone

3197681000

Tax Period

2023-07-01 to 2024-06-30

GREAT RIVER HEALTH SYSTEM INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $39.3M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $43.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO SERVE AS A HOLDING COMPANY OF VARIOUS SUBSIDIARIES PROVIDING HEALTH CARE.

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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 $2,024,641

Program Service Revenue $37,226,065

Investment Income $56,919

Other Revenue $6,126

TOTAL REVENUE $39,313,751

Expense Breakdown

Grants Paid $113,987

Salaries & Benefits $31,005,249

Fundraising Expenses $0

Program Expenses $113,987

Other Expenses $12,415,468

TOTAL EXPENSES $43,534,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,313,751	$43,034,353	-0.1%
Expenses	$43,534,704	$37,237,430	+0.2%
Net Income	$-4,220,953	$5,796,923	-1.7%

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

372

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

$1,511,430

Total Directors

$880,902

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT WENZEL	FORMER PRESIDENT/CEO	24.00		$1,369,580	$11,287	$1,380,867
DR MICHAEL MCCOY	CEO	24.00	Officer Director	$829,861	$51,041	$880,902
JEREMY ALEXANDER	CFO	1.00	Officer	$582,333	$48,195	$630,528
TERESA COLGAN - EXEC	VP CHIEF EXECUTIVE OFFICER	40.00	Highest	$494,447	$46,687	$541,134
RUSSELL RODRIGUEZ - EXEC	VP CHIEF CLINICAL OPERATIONS	40.00	Highest	$336,075	$44,960	$381,035
DR JOEL RYON	EXECUTIVE VP CHIEF MEDICAL	40.00	Highest	$281,550	$33,961	$315,511
TOMI HAGAN	EXECUTIVE VP CHIEF COMPLIANCE	40.00	Highest	$263,957	$41,510	$305,467
MICHAEL YOST - EXEC	VP CHIEF HUMAN RESOURCES	40.00	Highest	$263,813	$25,589	$289,402
ROBERT ENGBERG	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN MCKILLIP	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CARLA MCNAMEE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DEANNA BARR	DIRECTOR	1.00	Director	$0	$0	$0
BILL MALCOM	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MARTIN	DIRECTOR	1.00	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$39,313,751	$43,534,704	$21,641,454	$-4,220,953
2023	$43,034,353	$37,237,430	$21,835,615	$5,796,923
2022	$27,783,691	$26,674,793	$42,916,659	$1,108,898
2021	$11,348,232	$11,771,858	$45,236,336	$-423,626
2020	$583,725	$9,398	$43,809,288	$574,327
2019	$10,266	$146,348	$44,707,180	$-136,082
2018	$22,502	$1,539,584	$44,598,539	$-1,517,082

GREAT RIVER HEALTH SYSTEM INC