WEST RIVER HEALTH SERVICES FOUNDAT… - 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

1982

Legal Domicile

Principal Officer

ALYSON KORNELE

Phone

7015674561

Tax Period

2024-04-01 to 2025-03-31

WEST RIVER HEALTH SERVICES FOUNDATION, founded in 1982, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $311K, a strong 30% operating margin.

Mission

THE MISSION OF WEST RIVER HEALTH SERVICES FOUNDATION IS TO SUPPORT WEST RIVER HEALTH SERVICES AND WESTERN HORIZONS LIVING CENTER AS THEY PROVIDE COMPREHENSIVE HEALTH AND WELLNESS SERVICES TO THE REGION BY PROVIDING FUNDRAISING AND DEVELOPMENT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $439,012

THE FOUNDATION WAS INCORPORATED IN 1982 TO SERVE AS A SOURCE OF CONTRIBUTED FUNDS FOR WEST RIVER HEALTH SERVICES WITH THE ADDITION OF WESTERN HORIZONS LIVING CENTERS IN SEPTEMBER OF 2007. THE...

THE FOUNDATION WAS INCORPORATED IN 1982 TO SERVE AS A SOURCE OF CONTRIBUTED FUNDS FOR WEST RIVER HEALTH SERVICES WITH THE ADDITION OF WESTERN HORIZONS LIVING CENTERS IN SEPTEMBER OF 2007. THE FOUNDATION IS GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS, IS REGISTERED AS A 501(C)(3) U.S. CHARITABLE ORGANIZATION, AND IS LICENSED BY THE STATE OF NORTH DAKOTA. THE FOUNDATION EXISTS TO RAISE FUNDS FOR NEW EQUIPMENT AND TECHNOLOGY; DEVELOP NEW HEALTH-RELATED PROGRAMS AND SERVICES; ENHANCE ASSISTED LIVING AND LONG-TERM CARE SERVICES; SUPPORT COMMUNITY WELLNESS EDUCATION; AND PROVIDE SCHOLARSHIPS AND LOANS FOR NURSING, ALLIED HEALTHCARE PROFESSIONALS, AND PHYSICIANS TO MEET THE CONTINUING CHANGES IN HEALTHCARE REFORM. TO REACH THESE GOALS, AN ENDOWMENT FUND WAS ESTABLISHED. THE ENDOWMENT FUND WILL BE USED AS A PERMANENT FUNDING SOURCE FOR WRHS AND WHLC TO CARRY OUT THEIR VISIONS OF ENSURING QUALITY HEALTH AND LONG-TERM CARE SERVICES TO THE CITIZENS OF THE REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $429,914

Program Service Revenue $0

Investment Income $566,915

Other Revenue $50,597

TOTAL REVENUE $1,047,426

Expense Breakdown

Grants Paid $439,012

Salaries & Benefits $670

Fundraising Expenses $225,773

Program Expenses $439,012

Other Expenses $296,906

TOTAL EXPENSES $736,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,047,426	$696,661	+0.5%
Expenses	$736,588	$684,065	+0.1%
Net Income	$310,838	$12,596	+23.7%

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

$432,270

Total Directors

$533,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE HEDSTROM	REPRESENTATIVE	1.00	Director	$40	$0	$40
DR CATHY HOULE SHIREK	MEDICAL STAFF LIASON	1.00	Director	$0	$39,958	$533,397
BRETT HENDERSON	VICE CHAIRMAN	1.00	Officer Director	$40	$0	$40
CONNIE BURWICK	REPRESENTATIVE	1.00	Director	$50	$0	$50
KYLE KENNEDY	REPRESENTATIVE	1.00	Director	$10	$0	$10
LEONARD BJERKLIE	REPRESENTATIVE	1.00	Director	$40	$0	$40
NIKOLE TENANT	REPRESENTATIVE	1.00	Director	$30	$0	$30
ROBERT PARKER	REPRESENTATIVE	1.00	Director	$40	$0	$40
RONALD DRAGOO	REPRESENTATIVE	1.00	Director	$50	$0	$50
LANE MILLER	SECRETARY/TREASURER	1.00	Officer Director	$50	$0	$50
BONNIE SMITH	REPRESENTATIVE	1.00	Director	$0	$0	$0
EVE SAFRATOWICH	CHAIRMAN	1.00	Officer Director	$40	$0	$40
ALYSON KORNELE	CEO	1.00	Officer	$0	$31,818	$235,596
NATHAN STADHEIM	CFO	2.00	Officer	$0	$34,625	$196,544

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	$1,047,426	$736,588	$7,063,617	$310,838
2024	$696,661	$684,065	$6,868,943	$12,596
2023	$1,112,833	$330,356	$6,416,301	$782,477
2022	$710,087	$370,595	$6,071,318	$339,492
2021	$512,966	$386,721	$5,919,833	$126,245
2020	$729,889	$419,150	$4,854,633	$310,739
2019	$1,388,340	$1,261,412	$4,899,384	$126,928
2018	$491,824	$366,308	$7,070,144	$125,516

WEST RIVER HEALTH SERVICES FOUNDATION