Turtle Lake Community Hospital Ass… - Form 990 Financial Data

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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

1947

Legal Domicile

Phone

7014482331

Tax Period

2022-10-01 to 2023-09-30

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.

Mission

The Turtle Lake Hospital Association is responsible for building improvement and maintenance of the community hospital.

Program Service Accomplishments

Program 1

Expenses: $31,044

The Turtle Lake Hospital Association is responsible for maintaining the building and the grounds. Throughout the year the hospital encountered a variety of issues that needed to be updated or fixed including replacement of water softeners, replacement of nurse's station countertop, adding outlets in patient activity room, and painting of patient rooms.

Program 2

Expenses: $1,000

A donation was given to the Turtle Lake Fire Department to assist in completion of a helicopter pad. It will be utilized by the hospital for transfers of seriously injured or ill patients.

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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 (2022)

Revenue Breakdown

Contributions & Grants $62,486

Program Service Revenue $48,836

Investment Income $513

Other Revenue $0

TOTAL REVENUE $111,835

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,044

Other Expenses $33,435

TOTAL EXPENSES $34,435

Year-over-Year Comparison

	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%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

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	$0	$0	$0
Melanie Wahl	Director	1.00	Director	$0	$0	$0
Grant Boyko	Director	1.00	Director	$0	$0	$0
Lynette Fox	Director	1.00	Director	$0	$0	$0
Marilyn Saueressig	Director	1.00	Director	$0	$0	$0
Brian Kramer	Director	1.00	Director	$0	$0	$0
Craig Pankow	President	5.00	Officer Director	$0	$0	$0
Valerie Thomsen	Director	1.00	Director	$0	$0	$0

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
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

Turtle Lake Community Hospital Association