Presentation Medical Center

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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

1939

Legal Domicile

Principal Officer

Christopher Albertson

Phone

7014773161

Tax Period

2023-10-01 to 2024-09-30

Presentation Medical Center, founded in 1939, is a mid-sized nonprofit in the Health Care sector that reported $14.5M in total revenue in fiscal year 2023.

Mission

Presentation Medical Center in union with the Sisters of Mary of the Presentation, is a Catholic healthcare organization. Through the power and example of Jesus Christ and his gospel values, we are committed to joyfully provide wholistic care and healing with integrity, compassion and respect to all we serve.

Program Service Accomplishments

Program 1

Expenses: $11,452,960 Revenue: $14,426,120

Presentation Medical Center (PMC) is a 25-bed not-for-profit, Critical Access Hospital (CAH) located in Rolla, Rolette County, ND. As a Critical Access Hospital, our organization is, by definition, a community benefit. PMC is a critical infrastructure to our community and is a major medical provider for Rolette County, providing inpatient, outpatient and surgical services. In addition, PMC is a key provider of emergency care with over 4,016 ER visits for fiscal year ending 2024. Services in the areas of Clinic, Lab, Radiology, Respiratory Therapy, Physical Therapy, Cardiac Rehab, and Outreach Specialty Physician services, are also provided.Continued on Schedule O.Presentation Medical Center had 186 acute patient days, 480 swing-bed days and 1,970 extended swing-bed days.The Medical Center provides care to patients who meet certain criteria under its charity care policy without charge or at amounts less than established rates. Because the Medical Center does not pursue collection of amounts determined to qualify as charity care, they are not reported as revenue. The estimated costs of the charges foregone, based upon an overall cost-to-charge ratio calculation, for the year ended September 30, 2024, were approximately $55,000.

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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 $20,386

Program Service Revenue $14,426,120

Investment Income $79,521

Other Revenue $6,120

TOTAL REVENUE $14,532,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,769,115

Fundraising Expenses $0

Program Expenses $11,452,960

Other Expenses $6,973,741

TOTAL EXPENSES $14,742,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,532,147	$14,389,137	+0.0%
Expenses	$14,742,856	$14,204,483	+0.0%
Net Income	$-210,709	$184,654	-2.1%

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

131

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

$663,794

Total Directors

$386,134

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Albertson	President/CEO	20.00	Officer Director	$0	$50,633	$386,134
Matthew Odermann	Chair	2.00	Officer Director	$0	$0	$0
Derrick Dixon	Vice Chair	2.00	Officer Director	$0	$0	$0
Sr Debra Berry	Director	2.00	Director	$0	$0	$0
Sr Ann Germaine Picard	Director	2.00	Director	$0	$0	$0
Shelly Counts	Director	2.00	Director	$0	$0	$0
Seth Bercier	Director	2.00	Director	$0	$0	$0
Brian Grosinger	Director	2.00	Director	$0	$0	$0
Paula Wilkie	CFO	40.00	Officer	$0	$45,568	$277,660
Richard Larson MD	Emergency Services/Medical Director	40.00	Highest	$290,776	$17,723	$308,499
Rachelle Fischer FNP-C	Clinic Services	40.00	Highest	$132,076	$30,451	$162,527
Lavonne Charbonneau PA	Emergency Medicine Physician Asst	40.00	Highest	$148,101	$30,641	$178,742
Laura Yoder RN	Infection Control, Head Nurse	40.00	Highest	$167,467	$31,513	$198,980
Lori Martinson RN	VP Patient Care/Dir of Nuring	40.00	Highest	$123,594	$29,879	$153,473

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	$14,532,147	$14,742,856	$10,613,288	$-210,709
2023	$14,389,137	$14,204,483	$9,940,257	$184,654
2022	$16,050,035	$15,013,879	$9,186,494	$1,036,156
2021	$15,085,210	$13,832,623	$9,429,114	$1,252,587
2020	$12,297,305	$12,125,570	$11,798,134	$171,735
2019	$11,780,676	$11,214,626	$6,309,328	$566,050
2018	$10,575,278	$10,360,121	$5,781,367	$215,157