Towner County Medical Center Inc (EIN 450425948) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

Ben Bucher

Phone

7019684411

Tax Period

2024-07-01 to 2025-06-30

Towner County Medical Center Inc, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $16.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

To acquire, maintain and further develop hospital, clinical, long term care, and other services in Cando and the surrounding area.

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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 $527,784

Program Service Revenue $15,518,632

Investment Income $43,947

Other Revenue $1,092

TOTAL REVENUE $16,091,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,546,395

Fundraising Expenses $0

Program Expenses $14,224,974

Other Expenses $8,857,818

TOTAL EXPENSES $17,404,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,091,455	$14,640,743	+0.1%
Expenses	$17,404,213	$14,413,123	+0.2%
Net Income	$-1,312,758	$227,620	-6.8%

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

149

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

$606,563

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Wolsky-President Until	11/24)/Director (Beg 12/2024)	1.00	Officer Director	$0	$0	$0
Tom Belzer- Vice President	(Until 11/24)/President (Beg 12/24)	1.00	Officer Director	$0	$0	$0
Michelle Gibbens-DirectorUntil	11/24)/Vice President (Beg 12/24)	1.00	Officer Director	$0	$0	$0
Greg Westlind	Secretary/Treasurer (Until 10/24)	1.00	Officer Director	$0	$0	$0
Randina Bjornstad-Directuntil	11/24)/Secretary/Treas(Beg 12/24)	1.00	Officer Director	$0	$0	$0
John Peters	Director	1.00	Director	$0	$0	$0
Mike Farbo	Director	1.00	Director	$0	$0	$0
Melanie Wahl	Director (Beg 11/2024)	1.00	Director	$0	$0	$0
Ben Bucher	CEO	45.00	Officer	$310,912	$39,232	$350,144
Tammy Larson	CFO	45.00	Officer	$210,058	$46,361	$256,419
Grant Lannoye	Physician Assistant	45.00	Highest	$301,276	$48,350	$349,626
Sam Held	Family Nurse Practitioner	45.00	Highest	$221,182	$46,570	$267,752
Jessica Larson	Family Nurse Practitioner	45.00	Highest	$186,317	$44,369	$230,686
Cassandra Ullyott	Family Nurse Practitioner	45.00	Highest	$193,286	$43,376	$236,662
Chantel Parker	DON	45.00	Highest	$101,404	$41,779	$143,183

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	$16,091,455	$17,404,213	$67,487,044	$-1,312,758
2024	No data	No data	No data	No data
2023	$16,276,380	$15,485,522	$10,450,115	$790,858
2022	$15,618,098	$15,286,390	$11,055,433	$331,708
2021	$14,447,927	$11,537,502	$12,949,088	$2,910,425
2020	$12,124,478	$10,913,887	$12,051,222	$1,210,591
2019	$11,490,949	$10,866,911	$6,311,413	$624,038
2018	$10,995,410	$10,569,499	$5,735,096	$425,911

Towner County Medical Center Inc