Towner County Hospital Authority

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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

1991

Legal Domicile

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

None

Program Service Accomplishments

Program 1

Expenses: $2,448,444 Revenue: $1,398,251

Towner County Hospital Authority owns an acute care hospital and clinic facility in Cando, North Dakota. The Authority completed building the replacement facility for the operations of the Towner...

Towner County Hospital Authority owns an acute care hospital and clinic facility in Cando, North Dakota. The Authority completed building the replacement facility for the operations of the Towner County Medical Center (Medical Center) including the hospital, clinic, nursing home, and basic care. The Authority entered into a new lease with the Medical Center during fiscal year 2025.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$749,746

Total Directors

$399,602

Key Employees

Highest Compensated

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