Hazen, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Hazen Memorial Hospital Association, founded in 1943, is a mid-sized nonprofit in the Health Care sector that reported $20.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $18.6M left a modest 10% surplus.
Working together as partners to enhance the lives of area residents by providing a neighborhood of patient centered healthcare services that promote wellness, prevention, and care coordination.
Sakakawea Medical Center (SMC) is a 13 bed critical access hospital providing services in the following areas - acute care, observation, surgery, intermediate and skilled swing bed, emergency room...
Sakakawea Medical Center (SMC) is a 13 bed critical access hospital providing services in the following areas - acute care, observation, surgery, intermediate and skilled swing bed, emergency room with trauma level V certification, Saturday urgent care, and hospice. Services provided by the ancillary departments include physical therapy, occupational therapy, radiology, 3D mammography, bone density, ultrasound, CT, nuclear med, MRI, laboratory, respiratory therapy, cardiac rehab, EKG, Holter Monitor, and thallium stress tests. Based on charges foregone Sakakawea Medical Center provided $90,863 in charity care. Also available to all self-pay patients, regardless of financial status, is a 30% discount policy for timely payments. SMC is a participating provider for Medicare, Medicaid, Blue Cross Blue Shield and other insurances.Sakakawea Medical Center reaches out to the communities in the service area through programs such as falls prevention classes, CPR education, ACLS classes, PALS classes, grief support groups, smoking cessation classes, occupational health, free blood pressure checks, a Christmas giving tree project, and health career presentations to high schools. SMC sponsors several community events that promote good health and wellness education including Women's World of Wellness and Mammography Marathon. Wellness screenings are provided to area schools and businesses. SMC provides community education programs on requested topics free of charge. It is important for Sakakawea Medical Center to serve our communities by providing all of their health care needs.
Senior Suites is a basic care facility that was completed in April 1997. It is adjacent to Sakakawea Medical Center. Senior Suites can accommodate 34 residents with single or double rooms. It...
Senior Suites is a basic care facility that was completed in April 1997. It is adjacent to Sakakawea Medical Center. Senior Suites can accommodate 34 residents with single or double rooms. It features a licensed beauty shop, activity room, spacious commons areas and an enclosed nurse's station. The rooms are set up like suites, hence the name "Senior Suites." The facility is available to those in the senior population that require a minimal amount of supervision, but do not require 24 hour services. The residents are provided with assistance for daily living and medication administration. Resident care census days totaled 5,732 this year.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $20,615,012 | $21,892,343 | -0.1% |
| Expenses | $18,573,485 | $17,204,666 | +0.1% |
| Net Income | $2,041,527 | $4,687,677 | -0.6% |
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 |
|---|---|---|---|---|---|---|
| Fred Stern | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Martha Raad | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Rachel Connolly | Secretary/Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Don Lyn Erickson | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Robin Richter | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Todd Lindquist | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Daren Eliason | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jesse Krieger | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Myria Perry | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kari Cutting | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Wayne Hoffner | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kayla Palmer | Director as of October | 1.00 |
Director
|
$0 | $0 | $0 |
| Christie Obenauer-Huber | Director until October | 1.00 |
Director
|
$0 | $0 | $0 |
| Kurt Waldbillig | CEO | 19.60 |
Officer
|
$166,742 | $0 | $166,742 |
| Melissa Dillman | CFO | 36.00 |
Officer
|
$116,475 | $5,179 | $121,654 |
| Michael Schmit | Surgeon | 40.00 |
Highest
|
$406,335 | $34,512 | $440,847 |
| Carl Miller | CRNA | 36.00 |
Highest
|
$177,232 | $38,092 | $215,324 |
| Kimberley Binstock | FNP-C | 48.00 |
Highest
|
$178,286 | $38,204 | $216,490 |
| Teri Parker | Director of Senior Suites | 40.00 |
Highest
|
$121,229 | $5,443 | $126,672 |
| Alyssa Wolden | Pharmacist | 36.00 |
Highest
|
$127,695 | $15,503 | $143,198 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $20,615,012 | $18,573,485 | $47,167,783 | $2,041,527 |
| 2024 | $21,892,343 | $17,204,666 | $45,729,985 | $4,687,677 |
| 2023 | $17,323,183 | $16,321,958 | $41,523,644 | $1,001,225 |
| 2022 | $17,593,721 | $16,898,470 | $41,240,273 | $695,251 |
| 2021 | $20,952,247 | $16,821,736 | $41,854,516 | $4,130,511 |
| 2020 | $16,054,021 | $16,377,539 | $42,712,806 | $-323,518 |
| 2019 | $16,586,822 | $16,586,769 | $39,206,345 | $53 |
| 2018 | $16,900,244 | $15,783,360 | $40,840,371 | $1,116,884 |
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