Bowman, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Southwest Healthcare Services, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $17.9M in total revenue in fiscal year 2024.
Guided by faith-based leadership, we are a family of specialists, each performing a unique service. With a spirit of compassion, we provide excellence in healthcare to those we are privileged to serve.
Southwest Healthcare Services' Mission Statement is "Guided by Faith, we provide excellent care for those we are privileged to serve!". We are in Bowman, North Dakota, and operate a 35-bed critical...
Southwest Healthcare Services' Mission Statement is "Guided by Faith, we provide excellent care for those we are privileged to serve!". We are in Bowman, North Dakota, and operate a 35-bed critical access hospital, offering a range of outpatient services including lab work, radiology, and various therapies. Additionally, we support the community with a rural health clinic, 12-unit assisted living facility, 12-unit independent living apartment complex, and ambulance services. We provide care to our long-term nursing home residents in our Swingbed unit. Southwest Healthcare Services is a private, nonprofit organization dedicated to providing quality healthcare for over 5,500 residents in seven rural communities in the southwest corner of North Dakota and the northwest corner of South Dakota. Southwest Healthcare Services operates a full-time emergency room and provides emergency care regardless of ability to pay. The facility has achieved Level IV Trauma designation with physician staffed emergency services available 24 hours a day, seven days a week. Our organization is one of the most important economic assets in the region. Services provided in 2024 demonstrated the strong need for Southwest Healthcare Services. Our rural health clinic had over 5,973 patient encounters and the hospital recorded 770 emergency room visits.Southwest Healthcare Services also provides non-emergency services to the community making these services accessible to the community through participation in government programs like Medicare and Medicaid and our own charity care program. Services are provided to all individuals regardless of individual status. Southwest Healthcare Services charity care program provides discounted and free services to patients that are unable to be fully responsible for the cost of the health care they receive. We are committed to responding to the increasing number of patients who are under-insured or without insurance and who need to seek healthcare services at our facility. To fulfill its mission of community service, we provide care to these patients who meet certain criteria under its charity care policy without charge or at amounts less than its established rates. Because we do not pursue collection of amounts determined to qualify as charity care, they are not reported as patient and resident service revenue. The estimated cost of providing charity care for the year ended December 31, 2024 was $93,000 calculated by multiplying the ratio of cost to gross charges by the gross uncompensated charges associated with providing charity care to patients.
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 | $17,857,522 | $17,303,234 | +0.0% |
| Expenses | $18,515,844 | $17,020,297 | +0.1% |
| Net Income | $-658,322 | $282,937 | -3.3% |
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 |
|---|---|---|---|---|---|---|
| Andrew Weiss | President (Jan-Jun) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jordan Anderson - VP | (Jan-Jun)/President (Jul-Dec) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Wendy Stuber - Trustee | (Jan-Jun)/ VP (Jul-Dec) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Laurie Braaten | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Chanell Walby | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Christine Peterson NP full | year)/Trustee (Jan-Jun) | 40.00 |
Director
|
$185,062 | $0 | $185,062 |
| Connie Gaebe | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Breanne Beylund | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Anne Gruber | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Jim Erk | Trustee (Jul-Dec) | 1.00 |
Director
|
$0 | $0 | $0 |
| Matt Burke | Trustee (Jul-Dec) | 1.00 |
Director
|
$0 | $0 | $0 |
| Dennis Goebel | CEO | 40.00 |
Officer
|
$252,170 | $14,348 | $266,518 |
| Amanda Loughman | CFO | 40.00 |
Officer
|
$129,931 | $15,560 | $145,491 |
| Tim Adams | Physician | 40.00 |
Highest
|
$424,106 | $0 | $424,106 |
| Roy Cordy | Physician | 40.00 |
Highest
|
$396,586 | $0 | $396,586 |
| Patricia Gilbert | Physicians Assistant | 40.00 |
Highest
|
$140,264 | $2,513 | $142,777 |
| Kurt Datz | Physician | 10.00 |
Highest
|
$130,001 | $0 | $130,001 |
| Jennifer Jahner | Rehab Superviser | 40.00 |
Highest
|
$119,974 | $0 | $119,974 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $17,857,522 | $18,515,844 | $32,102,276 | $-658,322 |
| 2023 | $17,303,234 | $17,020,297 | $32,662,455 | $282,937 |
| 2022 | $14,891,472 | $16,091,746 | $33,427,348 | $-1,200,274 |
| 2021 | $17,128,979 | $15,419,251 | $36,154,492 | $1,709,728 |
| 2020 | $15,222,771 | $15,614,977 | $39,058,820 | $-392,206 |
| 2019 | $14,211,576 | $15,489,132 | $36,714,299 | $-1,277,556 |
| 2018 | $13,808,268 | $14,917,485 | $38,582,188 | $-1,109,217 |
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