INDEPENDENCE HEALTH SYSTEM INC

EIN: 430926316 501(c)(3)

PERRYVILLE, MO

Total Revenue
$9,558,767
Total Expenses
$8,780,570
Total Assets
$19,531,350
Net Assets
$18,680,410
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MO
Principal Officer
DANA KORANDO
Phone
5735476546
Tax Period
2024-01-01 to 2024-12-31

INDEPENDENCE HEALTH SYSTEM INC, founded in 1969, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2024. Expenses of $8.8M left a modest 8% surplus.

Mission

TO PROVIDE THE ELDERLY WITH RETIREMENT AND HEALTH CARE SERVICES WHICH ARE DEDICATED TO EXCELLENCE, IN AN ENVIRONMENT WHICH PROMOTES LIVING WITH DIGINITY, SECURITY AND INDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $7,706,434 Revenue: $9,313,145

PROVIDED LONG TERM CARE FOR THE ELDERLY AT VARIOUS STAGES: SKILLED NURSING FACILITY, 133 LICENSED BEDS; RESIDENTIAL CARE, 75 LICENSED BEDS; INDEPENDENT LIVING, 20 LIVING UNITS CONSISTING OF COTTAGES...

Read more

PROVIDED LONG TERM CARE FOR THE ELDERLY AT VARIOUS STAGES: SKILLED NURSING FACILITY, 133 LICENSED BEDS; RESIDENTIAL CARE, 75 LICENSED BEDS; INDEPENDENT LIVING, 20 LIVING UNITS CONSISTING OF COTTAGES AND DUPLEXES. ACCEPT MEDICARE, MEDICAID, AND PRIVATE PAY WHERE APPLICABLE.WE PROVIDE CARE FOR OUR RESIDENTS FROM HEAD TO TOE. WE WANT OUR RESIDENTS TO LIVE THEIR BEST LIFE WHILE LIVING HERE. WE TAKE PRIDE IN OUR PROVIDERS THAT COME INTO OUR FACILITY TO PROVIDE CARE SO THE RESIDENTS DON'T HAVE TO LEAVE THE FACILITY.WE ALSO PROVIDE ADDITIONAL CARE WITH THERAPY, FACIALS, MANICURES, PEDICURES, AND BEAUTY SHOP TREATMENT.

Program 2
Expenses: $0 Revenue: $-4,551

THE SYSTEM ACCEPTS MEDICAID RESIDENTS WITH THE UNDERSTANDING THAT A PORTION OF THESE REVENUES WILL BE UNCOLLECTIBLE. THE CONTRACTUAL ADJUSTMENT IS RECORDED IN NET RESIDENT SERVICE REVENUE. THE SYSTEM...

Read more

THE SYSTEM ACCEPTS MEDICAID RESIDENTS WITH THE UNDERSTANDING THAT A PORTION OF THESE REVENUES WILL BE UNCOLLECTIBLE. THE CONTRACTUAL ADJUSTMENT IS RECORDED IN NET RESIDENT SERVICE REVENUE. THE SYSTEM CONSIDERS THIS CONTRACTUAL ADJUSTMENT TO BE CHARITABLE CARE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,308,594
Investment Income $208,791
Other Revenue $41,382
TOTAL REVENUE $9,558,767

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,885,238
Fundraising Expenses $0
Program Expenses $7,706,434
Other Expenses $2,895,332
TOTAL EXPENSES $8,780,570

Year-over-Year Comparison

2024 2023 Change
Revenue $9,558,767 $9,280,193 +0.0%
Expenses $8,780,570 $9,541,150 -0.1%
Net Income $778,197 $-260,957 -4.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
210
Volunteers
25

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
$271,610
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN DREYER PRESIDENT 2.00
Officer Director
$0 $0 $0
DONALD PALISCH BOARD MEMBER 1.00
Director
$0 $0 $0
FRED EGGERS BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER STREILER BOARD MEMBER 1.00
Director
$0 $0 $0
JUDITH ERNST SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
JUSTIN KOENIG BOARD MEMBER 1.00
Director
$0 $0 $0
PATTY WICHERN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
TERRI GREEN BOARD MEMBER 1.00
Director
$0 $0 $0
VIDA YAMNITZ BOARD MEMBER 1.00
Director
$0 $0 $0
DANA KORANDO ADMINISTRATOR/CEO 40.00
Officer
$148,683 $6,493 $155,176
RHONDA PFISTER CFO 40.00
Officer
$97,059 $19,375 $116,434
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 $9,558,767 $8,780,570 $19,531,350 $778,197
2023 $9,280,193 $9,541,150 $17,455,335 $-260,957
2022 $8,678,890 $9,033,558 $16,593,629 $-354,668
2021 $7,693,259 $7,762,314 $18,722,799 $-69,055
2020 $9,892,921 $7,930,627 $17,734,252 $1,962,294
2019 $9,508,065 $7,915,906 $14,592,693 $1,592,159
2018 $9,948,688 $7,993,603 $11,644,253 $1,955,085
Explore More Nonprofits
Top 100 Nonprofits in Missouri Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare INDEPENDENCE HEALTH SYSTEM INC with other nonprofits in Missouri and across the country.