Spencer Regional Healthcare Foundation (EIN 421416816) - 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

1993

Legal Domicile

Phone

7122646226

Tax Period

2023-07-01 to 2024-06-30

Spencer Regional Healthcare Foundation, founded in 1993, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 82% operating margin.

Mission

SUPPORT the enhancement of HEALTH CARE technologies and programs in the region served by Spencer Municipal 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $679,774

Program Service Revenue $0

Investment Income $1,209,904

Other Revenue $0

TOTAL REVENUE $1,889,678

Expense Breakdown

Grants Paid $317,142

Salaries & Benefits $0

Fundraising Expenses $655

Program Expenses $317,142

Other Expenses $19,679

TOTAL EXPENSES $336,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,889,678	$1,346,633	+0.4%
Expenses	$336,821	$1,295,461	-0.7%
Net Income	$1,552,857	$51,172	+29.3%

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

N/A

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
Dr Nathan Rohling	Director	1.00	Director	$0	$0	$0
Marcia Ramstack	Director	1.00	Director	$0	$0	$0
Brenda Tiefenthaler	Director	2.00	Director	$0	$0	$0
Kim Upah	Director	1.00	Director	$0	$0	$0
Nate Schmidt	Vice President	1.00	Officer Director	$0	$0	$0
Dr Sonia Sather	Director	1.00	Director	$0	$0	$0
Pat Reno	Director	1.00	Director	$0	$0	$0
Ben Hollesen	director	1.00	Director	$0	$0	$0
Wes Simpson	President	1.00	Officer Director	$0	$0	$0
Mike Bryan	Director	1.00	Director	$0	$0	$0
Brent Swart	Director	1.00	Director	$0	$0	$0
Cole Milbrath	Director	1.00	Director	$0	$0	$0
Julie Christensen	Director	1.00	Director	$0	$0	$0
Joe Conover	DIRECTOR	1.00	Director	$0	$0	$0
Marianne Fuchsen	Director	1.00	Director	$0	$0	$0
Jill Davis	Treasurer	1.00	Officer 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	$1,889,678	$336,821	$26,431,046	$1,552,857
2023	$1,346,633	$1,295,461	$23,775,678	$51,172
2022	$1,955,772	$891,902	$21,686,277	$1,063,870
2021	$1,430,626	$129,595	$22,209,277	$1,301,031
2020	$880,689	$1,121,716	$17,741,900	$-241,027
2019	$4,826,346	$299,006	$17,940,031	$4,527,340
2018	$936,840	$537,617	$12,780,668	$399,223

Spencer Regional Healthcare Foundation