Cooperstown Medical Center

EIN: 450227753 501(c)(3) Health Care

Cooperstown, ND

Total Revenue
$9,989,983
Total Expenses
$9,885,006
Total Assets
$27,459,315
Net Assets
$4,109,955
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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
ND
Principal Officer
Nicole Lindsey
Phone
7017861700
Tax Period
2024-07-01 to 2025-06-30

Cooperstown Medical Center, founded in 1946, is a community nonprofit in the Health Care sector that reported $10.0M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

Cooperstown Medical Center is dedicated to providing high quality healthcare services in a personalized, compassionate, and professional manner.

Program Service Accomplishments

Program 1
Expenses: $8,085,661 Revenue: $8,918,590

Cooperstown Medical Center is a 9 bed Critical Access Hospital that serves to reduce the need for extended travel by providing essential healthcare services within the local area. Through established...

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Cooperstown Medical Center is a 9 bed Critical Access Hospital that serves to reduce the need for extended travel by providing essential healthcare services within the local area. Through established affiliations with major medical organizations, the facility is able to deliver a range of clinical capabilities typically associated with larger hospitals. The medical center offers continuous emergency services and maintains access to key diagnostic resources, including x ray, CT imaging, laboratory testing, electrocardiography, and respiratory therapy. Rehabilitation services are available across multiple disciplines, including occupational, physical, and speech therapy, supporting both acute and long term patient needs. Additional specialized services include (continued on Schedule O)cardiac monitoring and telemetry, sleep studies, inpatient hemodialysis, and incontinence management. The organization also provides a continuum of care through swing bed services, respite care, and hospice care, ensuring that patients can receive appropriate support across various stages of treatment and recovery. Overall, Cooperstown Medical Center functions as a comprehensive local healthcare resource, offering a broad scope of services within a rural setting.The organization operates three Rural Health Clinics located in Cooperstown, Lakota, and New Rockford. These clinics collectively serve a primary service area of approximately 1,800 individuals and a secondary service area of an estimated 10,900 individuals. As designated Rural Health Clinics, they provide essential primary and preventive care within underserved rural communities, often functioning as the most accessible point of healthcare for residents. The clinics play a central role in supporting community health by emphasizing preventive medicine and the ongoing management of chronic conditions. Through this focus, they contribute to improved long term health outcomes and help ensure that individuals in rural areas have consistent access to foundational medical services.The twelve assisted living apartments provide a secure, maintenance free residential setting designed to support individuals who require assistance with activities of daily living. Services such as medication management and dressing are available, with additional options including whirlpool bathing and linen services. Residents have access to weekly grocery delivery and benefit from private, accessible living units that promote independence while ensuring appropriate support. Care plans are individualized to address each resident's specific health and functional needs, including assistance with grooming and mobility. Housekeeping services are provided, reducing the responsibilities associated with home maintenance. Residents have access to on site amenities such as dining rooms, exercise spaces, and libraries, along with organized activities, group outings, and communal dining that encourage social engagement and support overall well being. Two meals per day, along with snacks, are provided, and transportation is arranged for medical appointments, shopping, and community events. All assisted living units are two bedroom apartments equipped with full kitchens. They are designed for accessibility and safety, featuring secured common areas, wide doorways, walk in showers, grab bars and safety equipment such as emergency call systems to ensure timely staff response when needed.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $660,026
Program Service Revenue $8,918,590
Investment Income $391,636
Other Revenue $19,731
TOTAL REVENUE $9,989,983

Expense Breakdown

Grants Paid $735
Salaries & Benefits $4,209,785
Fundraising Expenses $0
Program Expenses $8,085,661
Other Expenses $5,674,486
TOTAL EXPENSES $9,885,006

Year-over-Year Comparison

2024 2023 Change
Revenue $9,989,983 $8,331,944 +0.2%
Expenses $9,885,006 $8,453,181 +0.2%
Net Income $104,977 $-121,237 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
77
Volunteers
6

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
6
$233,695
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Barry Getz -President thru Dec/Director until May 1.00
Officer Director
$0 $0 $0
Gerald Stokka -Vice President until Dec/President as of Jan 1.00
Officer Director
$0 $0 $0
Brett Salvesen Vice President 1.00
Officer Director
$0 $0 $0
Benjamin Halvorson Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Larry Grandalen Director 1.00
Director
$0 $0 $0
Scott Tranby Director as of May 1.00
Director
$0 $0 $0
Nicole Lindsey CEO/Administrator 12.00
Officer
$61,197 $11,732 $72,929
Judy Monson CFO 28.00
Officer
$131,459 $29,307 $160,766
Kali Manz Provider/Clinic Manager 40.00
Highest
$126,124 $19,601 $145,725
Lanette Harr-Isakson Nurse 40.00
Highest
$117,165 $7,288 $124,453
Liza Ystaas Provider 40.00
Highest
$137,538 $27,494 $165,032
Steven Barlow Provider 40.00
Highest
$275,745 $34,468 $310,213
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 $9,989,983 $9,885,006 $27,459,315 $104,977
2024 $8,331,944 $8,453,181 $27,345,540 $-121,237
2023 $6,903,512 $6,438,184 $27,832,409 $465,328
2022 $5,203,318 $5,155,336 $20,948,055 $47,982
2022 $5,203,318 $5,129,250 $20,947,350 $74,068
2021 $8,165,067 $4,944,403 $7,539,449 $3,220,664
2020 $5,011,977 $4,841,350 $5,898,118 $170,627
2019 $5,393,507 $4,637,776 $3,437,341 $755,731
2018 $4,752,405 $4,533,279 $2,542,607 $219,126
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