GRUNDY COUNTY MEMORIAL HOSPITAL FOUNDATION

EIN: 421345788 501(c)(3)

GRUNDY CENTER, IA

Total Revenue
$1,157,349
Total Expenses
$1,113,038
Total Assets
$2,478,534
Net Assets
$2,478,534
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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
1990
Legal Domicile
IA
Principal Officer
ADAM SCHERLING
Phone
3198245421
Tax Period
2024-07-01 to 2025-06-30

GRUNDY COUNTY MEMORIAL HOSPITAL FOUNDATION, founded in 1990, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 4% surplus.

Mission

TO CULTIVATE RELATIONSHIPS AND GIFTS TO SUPPORT GRUNDY COUNTY MEMORIAL HOSPITAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,116,392
Program Service Revenue $0
Investment Income $95,848
Other Revenue $-54,891
TOTAL REVENUE $1,157,349

Expense Breakdown

Grants Paid $1,040,971
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,085,275
Other Expenses $72,067
TOTAL EXPENSES $1,113,038

Year-over-Year Comparison

2024 2023 Change
Revenue $1,157,349 $619,173 +0.9%
Expenses $1,113,038 $525,217 +1.1%
Net Income $44,311 $93,956 -0.5%
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
16
Independent Members
15
Employees
N/A
Volunteers
65

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
5
$518,777
Total Directors
16
$267,832
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM SCHERLING MEMBER; GCMH ADMINISTRATOR 1.00
Officer Director
$235,189 $32,643 $267,832
AMY SWANSON HAAN PRESIDENT 1.00
Officer Director
$0 $0 $0
KYLE RASMUSSEN VICE PRESIDENT AND TREASURER 1.00
Officer Director
$0 $0 $0
RUTH WILCOX SECRETARY 1.00
Officer Director
$0 $0 $0
TIM COOPER MEMBER 0.20
Director
$0 $0 $0
MARY DOAK MEMBER 0.20
Director
$0 $0 $0
JAN EHRIG MEMBER 0.20
Director
$0 $0 $0
JANE LINNERBRINK MEMBER 0.20
Director
$0 $0 $0
BEV MEESTER MEMBER 0.20
Director
$0 $0 $0
TONI NEDERHOFF MEMBER 0.20
Director
$0 $0 $0
RHONDA DETERS MEMBER 0.20
Director
$0 $0 $0
CINDY SIMMS MEMBER 0.20
Director
$0 $0 $0
RICK SMITH MEMBER 0.20
Director
$0 $0 $0
ABBY WESSEL MEMBER 0.20
Director
$0 $0 $0
MINDY WHITEHILL MEMBER 0.20
Director
$0 $0 $0
MARY ZIMMERMAN MEMBER 0.20
Director
$0 $0 $0
LISA ZINKULA GCMH CONTROLLER; ACTING TREASURER 1.00
Officer
$214,841 $36,104 $250,945
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 $1,157,349 $1,113,038 $2,478,534 $44,311
2024 $619,173 $525,217 $2,417,456 $93,956
2023 $1,167,883 $280,448 $2,259,918 $887,435
2022 $288,152 $233,217 $1,326,255 $54,935
2021 $271,474 $321,810 $1,342,227 $-50,336
2020 $304,140 $271,561 $1,257,363 $32,579
2019 $319,385 $285,088 $1,215,423 $34,297
2018 $324,596 $443,315 $1,161,337 $-118,719
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