REGIONAL HEALTH SERVICES FOUNDATION

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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

1992

Legal Domicile

Principal Officer

JENNALEE PEDRETTI

Phone

5635472101

Tax Period

2024-07-01 to 2025-06-30

REGIONAL HEALTH SERVICES FOUNDATION, founded in 1992, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $70K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $147K exceeded revenue, resulting in a 112% operating deficit.

Mission

PROVIDE CONTINUING SUPPORT FOR THE REGIONAL HEALTH SERVICES HOSPITAL THROUGH A BROAD-BASED PROGRAM OF INCREASING HEALTH AWARENESS, ENHANCING PUBLIC RELATIONS, AND PROVIDING A CONVENIENT VEHICLE FOR CHARITABLE CONTRIBUTIONS.

Program Service Accomplishments

Program 1

Expenses: $146,771 Revenue: $0

COLLECT AND RECEIVE GIFTS OF MONEY OR PROPERTY FOR THE BENEFIT OF REGIONAL HEALTH HOSPITAL SERVICES IN CRESCO, IOWA, AND THE PATIENTS THEY SERVE. GIFTS OF THE FOUNDATION HELP SUPPORT PATIENT CARE AT REGIONAL HEALTH SERVICES IN MANY WAYS, INCLUDING NEW CONSTRUCTION AND REMODELING OF THE HOSPITAL, THE PURCHASE OF NEW EQUIPMENT, NEW HEALTH CARE PROGRAMS AND EXPANDED SERVICES TO THOSE IN NEED. WITH CONTINUOUS CHANGES IN RURAL HEALTHCARE REIMBURSEMENT, IT IS NECESSARY FOR THE HOSPITALS TO SEEK PRIVATE FUNDS TO ENHANCE THESE SERVICES. HEALTHCARE EXPERIENCES NEW AND EXCITING DEVELOPMENTS IN TECHNOLOGY AND PATIENT CARE EVERY DAY. IMPROVING AND EXPANDING THE SERVICES THAT ARE OFFERED AT REGIONAL HEALTH SERVICES OF HOWARD COUNTY ARE ONGOING TO MEET THE NEEDS OF THE PATIENTS WE SERVE.

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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 $53,344

Program Service Revenue $0

Investment Income $16,209

Other Revenue $0

TOTAL REVENUE $69,553

Expense Breakdown

Grants Paid $127,745

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,771

Other Expenses $19,639

TOTAL EXPENSES $147,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,553	$164,412	-0.6%
Expenses	$147,384	$519,458	-0.7%
Net Income	$-77,831	$-355,046	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER JOHNSON	PRESIDENT	0.30	Officer Director	$0	$0	$0
AARON HVITVED	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
RACHEL VSETECKA	TREASURER	0.30	Officer Director	$0	$0	$0
STEPHANIE SOVEREIGN	SECRETARY	0.30	Officer Director	$0	$0	$0
DONNA THOMAS	DIRECTOR	0.30	Director	$0	$0	$0
HEIDI RICE	DIRECTOR	0.30	Director	$0	$0	$0
DARLENE VSETECKA	DIRECTOR	0.30	Director	$0	$0	$0
MICHELE TUCHEK	DIRECTOR	0.30	Director	$0	$0	$0
ETHAN KRAFT	DIRECTOR	0.30	Director	$0	$0	$0
ROBIN SCHULTER	DIRECTOR	0.30	Director	$0	$0	$0
JENNALEE PEDRETTI	EXECUTIVE DIRECTOR	2.00	Officer	$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	$69,553	$147,384	$512,861	$-77,831
2024	$164,412	$519,458	$712,162	$-355,046
2023	$540,621	$425,638	$1,184,781	$114,983
2022	$157,585	$42,416	$784,013	$115,169
2021	$436,947	$549,882	$668,204	$-112,935
2020	$67,701	$7,555	$791,000	$60,146
2019	$94,494	$399	$713,318	$94,095
2018	$109,838	$367,771	$619,224	$-257,933