THREE RIVERS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Three Rivers Health System Inc, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $73.8M in total revenue in fiscal year 2023.
WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH, AND CONNECT WITH HEART.
In 2023, Oncology services remained down but showed improvement in volumes. The service line is viewed as a community need therefore; we persevered through with low volumes serving all those we were...
In 2023, Oncology services remained down but showed improvement in volumes. The service line is viewed as a community need therefore; we persevered through with low volumes serving all those we were able. Gaining system support through Beacon Health System Member Substitution Agreement afforded Three Rivers the opportunity to gain consistent providers serving the community on a regular basis with the ability to increase recruitment. The Center for Wound Healing continues to serve this community well offering hyperbaric oxygen therapy and an average healing rate above the state and national average. Having this service line available has proven to allow patients to keep limbs when otherwise travel would be difficult, and treatment may not be possible. Podiatry and Internal Medicine have continued to play an integral role at the Center with regards to wound debridement and offering an interdisciplinary approach to healing and limb retention. Detoxification continued to be a service offered by the organization with medical stabilization to get through the initial acute phase safely. Outpatient infusions continue to be a service need provided on a 24/7 basis. Outpatient therapies (PT, OT and speech) along with Cardiac Rehab are all located on the campus that allow for local care to an underserved community. Three Rivers Health continues to offer many services that would otherwise be impossible for some of the community due to lack of resources and support. These services may or may not be strong revenue stream but are rendered as part of the organization's mission to deliver outstanding care, inspire health and connect with heart. We continue to work to provide high-quality, close to home, and at reasonable cost healthcare; striving to meet the needs of the communities we serve.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $73,808,126 | $73,041,377 | +0.0% |
| Expenses | $73,920,924 | $76,175,908 | 0.0% |
| Net Income | $-112,798 | $-3,134,531 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| N/A | Chair | 2.0 |
Officer
Director
|
$225 | $0 | $225 |
| N/A | Vice Chair | 2.0 |
Officer
Director
|
$225 | $0 | $225 |
| N/A | Secretary | 2.0 |
Officer
Director
|
$225 | $0 | $225 |
| N/A | Director | 2.0 |
Director
|
$1,021 | $0 | $1,021 |
| N/A | Director | 2.0 |
Director
|
$225 | $0 | $225 |
| N/A | Director | 2.0 |
Director
|
$225 | $0 | $225 |
| N/A | Director, Physician | 40.0 |
Director
|
$213,151 | $18,482 | $231,633 |
| N/A | CFO | 2.0 |
Officer
|
$0 | $118,036 | $862,270 |
| N/A | CEO | 2.0 |
Officer
|
$0 | $170,134 | $1,332,846 |
| N/A | President | 40.0 |
Officer
|
$264,681 | $53,330 | $318,011 |
| N/A | Employed Physician | 40.0 |
Highest
|
$370,298 | $30,351 | $400,649 |
| N/A | Employed Physician | 40.0 |
Highest
|
$268,597 | $13,169 | $281,766 |
| N/A | Employed Physician | 40.0 |
Highest
|
$308,433 | $30,793 | $339,226 |
| N/A | Employed Physician | 40.0 |
Highest
|
$397,672 | $22,385 | $420,057 |
| N/A | Employed Physician | 40.0 |
Highest
|
$331,391 | $26,316 | $357,707 |
| N/A | Former VP Nursing | 40.0 |
|
$194,974 | $25,303 | $220,277 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $73,808,126 | $73,920,924 | $54,102,951 | $-112,798 |
| 2022 | $73,041,377 | $76,175,908 | $38,845,134 | $-3,134,531 |
| 2021 | $77,773,698 | $73,483,748 | $44,921,544 | $4,289,950 |
| 2020 | $75,378,494 | $70,270,383 | $40,789,143 | $5,108,111 |
| 2019 | $73,808,791 | $70,518,187 | $20,553,901 | $3,290,604 |
| 2018 | $65,547,151 | $65,349,815 | $19,696,346 | $197,336 |
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