PR Health Corporation

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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

1952

Legal Domicile

Principal Officer

Marcus Lewis

Phone

7012847500

Tax Period

2023-01-01 to 2023-12-31

PR Health Corporation, founded in 1952, is a mid-sized nonprofit in the Health Care sector that reported $21.0M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $19.0M left a modest 9% surplus.

Mission

To continue the healing mission of Jesus in a rural setting. We are committed to: A respect for each person; A caring, Christian environment; Professional excellence; Promoting healthy communities; Personal service; and an Innovative spirit.

Program Service Accomplishments

Program 1

Expenses: $16,478,389 Revenue: $19,440,632

First Care Health Center is dedicated to carrying out the healing mission of Jesus. In calendar year 2023, First Care Health Center provided acute care to 253 patients. This constituted 923 days of care. The swing-bed program at the health center provides skilled nursing care for the elderly. This program provided service to 125 patients, accounting for 1,629 days of care.First Care Health Center provides health care to the community in the form of outpatient services. In calendar year 2023, outpatient visits totaling 22,684 were provided to the community. In addition, there were 10,682 visits to First Care Rural Health Clinic. As part of the mission of First Care Health Center, we provide health care to persons who are unable to pay for the services that they receive. First Care Health Center will not deny care to anyone based on their ability to pay. Charity care, based on charges foregone, in the amount of $67,857, was written off for qualified individuals.Gross revenue from Medicare and Medicaid patients for calendar year 2023 was $12,240,082. Due to the limited reimbursement from these programs, the cost of these services to the hospital is not fully reimbursed.

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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 $1,193,851

Program Service Revenue $19,440,632

Investment Income $270,859

Other Revenue $119,863

TOTAL REVENUE $21,025,205

Expense Breakdown

Grants Paid $13,313

Salaries & Benefits $8,947,375

Fundraising Expenses $0

Program Expenses $16,478,389

Other Expenses $10,083,079

TOTAL EXPENSES $19,043,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,025,205	$19,412,049	+0.1%
Expenses	$19,043,767	$18,033,916	+0.1%
Net Income	$1,981,438	$1,378,133	+0.4%

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

150

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

$348,908

Total Directors

Key Employees

$176,223

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Loretta Monson	Secretary (Jan-Mar)	1.00	Officer Director	$0	$0	$0
Patty Dahlen	Vice Chair	1.00	Officer Director	$0	$0	$0
Dennis Markusen	Board Chair	2.00	Officer Director	$0	$0	$0
Ian Myrdal	Secretary (Apr-Dec)	1.00	Officer Director	$0	$0	$0
Gale Beneda	Director	1.00	Director	$0	$0	$0
Eugene Bossert	Director	1.00	Director	$0	$0	$0
Nicholaas Beneda DDS	Director	1.00	Director	$0	$0	$0
Mark Helgeson OD	Director	1.00	Director	$0	$0	$0
Katherine Hall	Director	1.00	Director	$0	$0	$0
Kirk Ham	Director	1.00	Director	$0	$0	$0
Brenda Nilson	Director	1.00	Director	$0	$0	$0
Diana Hahn	Director (Apr-Dec)	1.00	Director	$0	$0	$0
Marcus Lewis	CEO	40.00	Officer	$208,827	$26,858	$235,685
Nina Hollingsworth	CFO	40.00	Officer	$93,282	$19,941	$113,223
Lori Seim	CNO	40.00	Key Emp	$152,239	$23,984	$176,223
Tamara Clemetson	PA-C	40.00	Highest	$195,653	$19,995	$215,648
Mirza Baig	Gastroenterologist	22.50	Highest	$351,693	$31,655	$383,348
Lindsey Gillespie	RN	40.00	Highest	$105,396	$15,332	$120,728
Brittany Jallo	Pharmacy Director	36.00	Highest	$114,848	$22,685	$137,533
Amy Burianek	RN/Care Coordinator	40.00	Highest	$123,054	$21,272	$144,326

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	$21,025,205	$19,043,767	$29,767,436	$1,981,438
2022	$19,412,049	$18,033,916	$27,816,917	$1,378,133
2021	$24,744,336	$16,641,721	$28,455,136	$8,102,615
2020	$17,030,121	$15,607,548	$23,260,722	$1,422,573
2019	$14,764,462	$12,891,385	$17,334,512	$1,873,077
2018	$13,433,939	$12,075,719	$16,577,397	$1,358,220