NORTH DAKOTA HOSPITAL FOUNDATION

EIN: 450418703 501(c)(3)

BISMARCK, ND

Total Revenue
$790,267
Total Expenses
$638,254
Total Assets
$8,210,273
Net Assets
$7,561,600
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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
1990
Legal Domicile
ND
Principal Officer
TIM BLASL
Phone
7012249732
Tax Period
2023-10-01 to 2024-09-30

NORTH DAKOTA HOSPITAL FOUNDATION, founded in 1990, is a small nonprofit that reported $790K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 19% operating margin.

Mission

PROMOTE THE IMPROVEMENT OF THE HEALTH OF THE PEOPLE OF NORTH DAKOTA THROUGH THE PROVISION OF BETTER HOSPITAL CARE AND FOSTERING AND SPONSORSHIP OF EDUCATIONAL PROGRAMS FOR THE TRAINING OF HEALTH CAREER PERSONNEL, FINANCIAL AID FOR INDIVIDUALS NEEDING ASSISTANCE WHO ARE PURSUING AN EDUCATION IN HEALTH CAREERS, THE PROMOTION OF SCIENTIFIC KNOWLEDGE IN HEALTH CARE ADMINISTRATION, AND THE PROMOTION AND SPONSORSHIP OF RESEARCH IN HOSPITAL ADMINISTRATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $418,511
Program Service Revenue $71,487
Investment Income $298,398
Other Revenue $1,871
TOTAL REVENUE $790,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,780
Fundraising Expenses $0
Program Expenses $501,551
Other Expenses $455,474
TOTAL EXPENSES $638,254

Year-over-Year Comparison

2023 2022 Change
Revenue $790,267 $479,939 +0.6%
Expenses $638,254 $527,121 +0.2%
Net Income $152,013 $-47,182 -4.2%
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

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Governance

Voting Members
6
Independent Members
5
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
4
$568,018
Total Directors
6
$386,794
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM BLASL PRESIDENT/CEO 5.00
Officer Director
$0 $49,115 $386,794
CHRIS ALBERTSON CHAIR 2.00
Officer Director
$0 $0 $0
RYAN MICKELSEN CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
SCOTT SCHNEIDER DIRECTOR 2.00
Director
$0 $0 $0
LUCKAS FISCHER DIRECTOR 2.00
Director
$0 $0 $0
JODI HOVDENES DIRECTOR 2.00
Director
$0 $0 $0
CALLEN CERMAK FINANCE MANAGER 2.00
Officer
$0 $25,970 $181,224
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 $790,267 $638,254 $8,210,273 $152,013
2023 $479,939 $527,121 $6,762,849 $-47,182
2022 $990,766 $681,394 $6,324,741 $309,372
2021 $5,236,600 $4,423,187 $7,414,810 $813,413
2020 $1,182,837 $1,040,463 $6,270,297 $142,374
2019 $1,097,296 $732,113 $6,050,758 $365,183
2018 $1,157,064 $892,703 $5,920,208 $264,361
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