PEMBINA COUNTY MEMORIAL HOSPITAL A… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

LISA LETEXIER

Phone

7012658461

Tax Period

2023-01-01 to 2023-12-31

PEMBINA COUNTY MEMORIAL HOSPITAL ASSOCIATION, founded in 1976, is a mid-sized nonprofit in the Health Care sector that reported $21.4M in total revenue in fiscal year 2023. Expenses of $20.5M left a modest 4% surplus.

Mission

THE MISSION OF PEMBINA COUNTY MEMORIAL HOSPITAL AND WEDGEWOOD MANOR IS TO PROVIDE A FAMILY CENTERED APPROACH TO THE DELIVERY OF HEALTH SERVICES AND TO PROMOTE A HEALTHY LIFESTYLE TO THOSE WE SERVE IN CAVALIER AND THE SURROUNDING COMMUNITIES. THE VISION THAT GUIDES PEMBINA COUNTY MEMORIAL HOSPITAL AND WEDGEWOOD MANOR IS TO DEVELOP A FAMILY CENTERED INTEGRATED HEALTHCARE ORGANIZATION WHICH PROVIDES SERVICES THAT MEET THE NEEDS OF THE REGION, THEREBY MAKING US THEIR PROVIDER OF CHOICE.

Program Service Accomplishments

Program 1

Expenses: $18,037,752 Revenue: $20,951,579

PEMBINA COUNTY MEMORIAL HOSPITAL ASSOCIATION IS A 20 BED ACUTE CARE HOSPITAL, 40 BED NURSING HOME, A RURAL HEALTH CLINIC, AND 20 UNIT CONGREGATE HOUSING COMPLEX LOCATED IN CAVALIER, ND. THE FACILITY PROVIDES QUALITY MEDICAL AND LONG-TERM CARE TO THE RESIDENTS OF THE SURROUNDING AREA, REGARDLESS OF THEIR ABILITY TO PAY FOR SERVICES RECEIVED. A 24 HOUR EMERGENCY ROOM IS AVAILABLE FOR PATIENTS WHO NEED IMMEDIATE TREATMENT, AND TREATMENT IS PROVIDED TO ALL INDIVIDUALS WHO PRESENT, REGARDLESS OF THEIR ABILITY TO PAY. THE ASSOCIATION ALSO SUPPLIES FREE OR REDUCED SERVICES TO PATIENTS WHO MEET ESTABLISHED CRITERIA OUTLINED IN THE FACILITY'S CHARITY CARE POLICY AND PROVIDES HEALTH EDUCATION AND OTHER SERVICES TO THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $271,830

Program Service Revenue $20,951,579

Investment Income $138,514

Other Revenue $60,185

TOTAL REVENUE $21,422,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,939,799

Fundraising Expenses $105,969

Program Expenses $18,037,752

Other Expenses $10,591,815

TOTAL EXPENSES $20,531,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,422,108	$20,826,510	+0.0%
Expenses	$20,531,614	$19,091,193	+0.1%
Net Income	$890,494	$1,735,317	-0.5%

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

199

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

$746,750

Total Directors

$253,441

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANNE DERAAS	PRESIDENT	0.80	Officer Director	$0	$0	$0
TOM VAUGHN	VICE PRESIDENT	0.80	Officer Director	$0	$0	$0
GEORGE WRIGHT	SECRETARY/TREASURER	0.80	Officer Director	$0	$0	$0
GORDON JOHNSON	DIRECTOR	0.80	Director	$0	$0	$0
NICOLE SAFRANSKI	DIRECTOR	0.80	Director	$0	$0	$0
SUSAN THOMPSON	MEDICAL STAFF PRESIDENT	40.00	Officer Director	$222,533	$30,908	$253,441
DARIN OTTO	DIRECTOR	0.80	Director	$0	$0	$0
GRETTA BEARD	DIRECTOR	0.80	Director	$0	$0	$0
LARAE HORGAN	DIRECTOR	0.80	Director	$0	$0	$0
DREW OLAFSON	DIRECTOR	0.80	Director	$0	$0	$0
LISA LETEXIER	CEO	40.00	Officer	$189,871	$22,541	$212,412
PATTI JOHNSON	NURSING HOME ADMINISTRATOR	40.00	Officer	$118,718	$28,958	$147,676
KATIE WERNER	CFO	40.00	Officer	$92,677	$40,544	$133,221
LAURA ERMER	PHYSCIANS ASSISTANT	40.00	Highest	$175,065	$9,246	$184,311
JENNA CARPENTER	NURSE PRACTITIONER	40.00	Highest	$168,979	$9,126	$178,105
KIM FORD	NURSE PRACTITIONER	40.00	Highest	$160,688	$10,431	$171,119
HEATHER SNELL	NURSE PRACTITIONER	40.00	Highest	$149,054	$19,939	$168,993
JANAE HEUCHERT	PHARMACIST	40.00	Highest	$127,874	$35,321	$163,195

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
2024	No data	No data	No data	No data
2023	$21,422,108	$20,531,614	$22,126,648	$890,494
2022	$20,826,510	$19,091,193	$20,778,796	$1,735,317
2021	$24,901,621	$20,740,658	$19,661,768	$4,160,963
2020	$21,037,274	$17,832,403	$18,508,005	$3,204,871
2019	$18,832,607	$17,266,176	$11,552,882	$1,566,431
2018	$18,074,242	$16,802,222	$10,153,333	$1,272,020

PEMBINA COUNTY MEMORIAL HOSPITAL ASSOCIATION