Turtle Lake, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Turtle Lake Community Hospital Association, founded in 1947, is a small nonprofit that reported $112K in total revenue in fiscal year 2022. The organization ran a surplus of $77K, a strong 69% operating margin.
The Turtle Lake Hospital Association has a 9 member board that represents several communities in the Turtle Lake area. It was organized in 1947 for the sole purpose of building a hospital in the community. Construction was completed in 1952, with additions in 1963 and 1969. The hospital grounds, building, and clinic across the street is owned by the community. The board is financially responsible for maintenance and upkeep of the buildings and grounds. The hospital (A CriticalAccess Level V designated trauma facility with 24 beds and 24 hour emergency room capabilities)and clinic (NCHC) are leased by the current tenants. The 9 member board meets on a monthly basis to keep abreast of the hospital operation and needs and works with the maintenance staff, professionals, and hospital administration to keep the facility viable and safe.The next closest facility is 60 miles away which makes it vitally important to be able to serve the people of our area. It is imperative that the facility is
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $111,835 | $109,064 | +0.0% |
| Expenses | $34,435 | $55,872 | -0.4% |
| Net Income | $77,400 | $53,192 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Casey Anderson | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dennis Goetz | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Melanie Wahl | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Grant Boyko | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Lynette Fox | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Marilyn Saueressig | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Brian Kramer | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Craig Pankow | President | 5.00 |
Officer
Director
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$0 | $0 | $0 |
| Valerie Thomsen | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $111,835 | $34,435 | $907,381 | $77,400 |
| 2022 | $109,064 | $55,872 | $829,981 | $53,192 |
| 2021 | $98,449 | $51,862 | $776,789 | $46,587 |
| 2020 | $99,223 | $84,618 | $730,202 | $14,605 |
| 2019 | $160,409 | $38,350 | $715,597 | $122,059 |
| 2018 | $176,135 | $135,575 | $593,538 | $40,560 |
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