GRUNDY COUNTY MEMORIAL HOSPITAL FO… - 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

1990

Legal Domicile

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'S VISION OF BEST OUTCOME FOR EVERY PATIENT EVERY TIME.

Program Service Accomplishments

Program 1

Expenses: $1,085,275

TO PROVIDE GRUNDY COUNTY MEMORIAL HOSPITAL WITH ADDITIONAL FINANCIAL RESOURCES TO HELP CARRY OUT ITS WORK AND TO IMPROVE STAFFING, EQUIPMENT AND FACILITY RESOURCES.

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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 $1,116,392

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$518,777

Total Directors

$267,832

Key Employees

Highest Compensated

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

GRUNDY COUNTY MEMORIAL HOSPITAL FOUNDATION