Towner County Hospital Authority

EIN: 450423303 501(c)(3)

Cando, ND

Total Revenue
$2,416,118
Total Expenses
$2,498,759
Total Assets
$61,597,785
Net Assets
$5,079,715
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
ND
Principal Officer
Tim Hendrickson
Phone
7019682560
Tax Period
2024-07-01 to 2025-06-30

Towner County Hospital Authority, founded in 1991, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 590% from the prior year, signaling strong growth momentum. Net assets of $5.1M represent 25 months of operating reserves.

Mission

Furnishing of health care facilities and equipment to Towner County Medical Center in furtherance of its tax exempt mission.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,017,519
Program Service Revenue $1,398,251
Investment Income $348
Other Revenue $0
TOTAL REVENUE $2,416,118

Expense Breakdown

Grants Paid $1,147,847
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,448,444
Other Expenses $1,350,912
TOTAL EXPENSES $2,498,759

Year-over-Year Comparison

2024 2023 Change
Revenue $2,416,118 $350,098 +5.9%
Expenses $2,498,759 $485,676 +4.1%
Net Income $-82,641 $-135,578 -0.4%
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
9
Independent Members
7
Employees
N/A
Volunteers
9

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
6
$749,746
Total Directors
9
$399,602
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tammy Larson CFO/Director 10.00
Officer Director
$0 $46,361 $256,419
Tim Hendrickson President 0.50
Officer Director
$0 $0 $0
Lisa Mosser Vice President 0.50
Officer Director
$0 $0 $0
Chantel Parker Secretary 0.50
Officer Director
$0 $41,779 $143,183
Tom Belzer Treasurer 0.50
Officer Director
$0 $0 $0
JoAnn Rodenbiker Director 0.50
Director
$0 $0 $0
Bradley Bergdahl Director 0.50
Director
$0 $0 $0
Brad Miller Director 0.50
Director
$0 $0 $0
JoLeen Johnson Director 0.50
Director
$0 $0 $0
Ben Bucher CEO 10.00
Officer
$0 $39,232 $350,144
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 $2,416,118 $2,498,759 $61,597,785 $-82,641
2024 No data No data No data No data
2023 $1,748,078 $505,548 $24,439,399 $1,242,530
2022 $3,599,010 $173,934 $5,364,276 $3,425,076
2021 $274,363 $172,479 $1,992,390 $101,884
2020 $273,886 $176,107 $1,941,151 $97,779
2019 $271,714 $172,787 $1,891,556 $98,927
2018 $271,709 $170,873 $1,838,471 $100,836
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