PELLA HOSPITAL FOUNDATION (EIN 421430122) - 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

1994

Legal Domicile

Principal Officer

ROBERT KROESE

Phone

6416283150

Tax Period

2023-01-01 to 2023-12-31

PELLA HOSPITAL FOUNDATION, founded in 1994, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO SUPPORT PELLA REGIONAL HEALTH CENTER IN ITS MISSION TO PROVIDE HEALTHCARE

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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 $872,824

Program Service Revenue $0

Investment Income $208,380

Other Revenue $-16,759

TOTAL REVENUE $1,064,445

Expense Breakdown

Grants Paid $1,267,460

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,297,756

Other Expenses $51,777

TOTAL EXPENSES $1,319,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,064,445	$512,973	+1.1%
Expenses	$1,319,237	$330,389	+3.0%
Net Income	$-254,792	$182,584	-2.4%

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

$480,704

Total Directors

$353,911

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARB BRAAFHART	DIRECTOR	0.20	Director	$0	$0	$0
JIM BRANDL	DIRECTOR	0.20	Director	$0	$0	$0
JOEL CORNILSEN	DIRECTOR	0.20	Director	$0	$0	$0
KYLE EDWARDS	PRESIDENT	0.20	Officer Director	$0	$0	$0
MIKE MONTGOMERY	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
MARILEE SJAARDEMA	FORMER DIRECTOR	0.20	Director	$0	$0	$0
LARRY VAN MAANAN	SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
MARK VAN ROEKEL	DIRECTOR	0.20	Director	$0	$0	$0
DR ELIZABETH WOOSTER PIERSON	DIRECTOR	0.20	Director	$0	$52,822	$353,911
ROBERT KROESE	CEO, PELLA REGIONAL HEALTH CENTER	2.00	Officer	$0	$86,273	$480,704

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
2024	No data	No data	No data	No data
2023	$1,064,445	$1,319,237	$8,013,384	$-254,792
2022	$512,973	$330,389	$6,722,535	$182,584
2021	$562,320	$116,804	$7,898,810	$445,516
2020	$334,284	$61,425	$6,905,135	$272,859
2019	$443,955	$941,513	$6,101,298	$-497,558
2018	$423,436	$68,512	$5,940,082	$354,924

PELLA HOSPITAL FOUNDATION