Cando, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Total quality comprehensive healthcare. Caring and compassionate health services for patients, residents, families and healthcare workers. Medical care for all life stages delivered by a professional and expert healthcare team. Commitment to our communities to maintain and ensure the ongoing provision of quality health services. The vision of Towner County Medical Center is to be the healthcare resource of choice for those who seek comprehensive quality health services.
I. IntroductionTowner County Medical Center was acquired from the Sisters of St. Francis, a Catholic religious order, in 1992. The community of Cando wanted to ensure itself that there would continue...
I. IntroductionTowner County Medical Center was acquired from the Sisters of St. Francis, a Catholic religious order, in 1992. The community of Cando wanted to ensure itself that there would continue to be health care services available to not only the residents of Cando, but to the areas surrounding the community as well.Service to the community and the surrounding area is a hallmark of how we are here. The Medical Center provides diagnostic and therapeutic treatment to all, regardless of race, sex, religion, financial ability to pay, or any other area that could be deemed to be discriminatory. In addition to the core medical services, we are continually reaching out to surrounding communities assisting them in promoting a healthier community as well.The Medical Center provides preventative services to all patients and promotes awareness of these throughout the year. During breast cancer awareness month they have drawings for gift baskets throughout the month. During the month of November they provide lung cancer screening to patients at no charge. This past year these preventive promotions totaled $24,500 in expense for the facility. II. Uncompensated CareTowner County Medical Center provides uncompensated care to those in need of services, who either have limited resources or who may have fallen on hard times and are in need of relief in order to get back on their feet. The amount of traditional uncompensated care for the year ended June 30, 2025 was $377,000 which includes charity care and implicit price concessions. In many cases, we believe that the bad debt is in fact charity care, but individuals are too proud to come in and request charity. New policies and procedures have been developed in an effort to allow us to better identify these individuals, and to be able to classify them as they should be. In addition to uncompensated care, Towner County Medical Center also provides discounts to the Medicare and Medicaid programs. For the year ended June 30, 2025 those discounts totaled $2,498,000.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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