PLATTE COMMUNITY MEMORIAL HOSPITAL INC

EIN: 460239781 501(c)(3) Health Care

PLATTE, SD

Total Revenue
$22,678,204
Total Expenses
$18,023,492
Total Assets
$40,036,195
Net Assets
$33,387,327
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
SD
Principal Officer
MARK BURKET
Phone
6053373364
Tax Period
2024-07-01 to 2025-06-30

PLATTE COMMUNITY MEMORIAL HOSPITAL INC, founded in 1947, is a mid-sized nonprofit in the Health Care sector that reported $14.2M in total revenue in fiscal year 2017. Expenses of $13.7M left a modest 4% surplus.

Mission

PROVIDE INPATIENT AND OUTPATIENT HEALTHCARE SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $73,214
Program Service Revenue $21,587,146
Investment Income $951,670
Other Revenue $66,174
TOTAL REVENUE $22,678,204

Expense Breakdown

Grants Paid $9,865
Salaries & Benefits $11,398,103
Fundraising Expenses $0
Program Expenses $15,444,426
Other Expenses $6,615,524
TOTAL EXPENSES $18,023,492

Year-over-Year Comparison

2024 2023 Change
Revenue $22,678,204 $21,221,019 +0.1%
Expenses $18,023,492 $17,269,729 +0.0%
Net Income $4,654,712 $3,951,290 +0.2%
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

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Governance

Voting Members
9
Independent Members
7
Employees
193
Volunteers
30

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
7
$487,795
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAU TRAN PHYSICIAN 40.00
Highest
$373,200 $60,705 $433,905
DR NELSON BATOON PHYSICIAN 40.00
Highest
$370,495 $60,705 $431,200
MARK BURKET CEO 40.00
Officer
$247,204 $81,038 $328,242
JEFFREY KONSTANZ PHYSICIAN ASSISTANT 40.00
Highest
$217,629 $65,562 $283,191
APRIL VEURINK CNP 40.00
Highest
$181,880 $9,472 $191,352
DR JEROME BENTZ PHYSICIAN 25.00
Highest
$165,560 $9,114 $174,674
VICKI JENSEN CFO 40.00
Officer
$109,047 $50,506 $159,553
DENNIS VANDERWERFF PRESIDENT UNTIL 11/2024 4.00
Officer Director
$0 $0 $0
KAREN TURNIS DIRECTOR/PRESIDENT FROM 11/2024 4.00
Officer Director
$0 $0 $0
JESSE BLOCK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JILL GUSTAD SECRETARY 1.00
Officer Director
$0 $0 $0
BRANDI DELANGE TREASURER 1.00
Officer Director
$0 $0 $0
JORDEN GILLEN DIRECTOR FROM 11/2024 1.00
Director
$0 $0 $0
ROBERT GRAVES DIRECTOR 1.00
Director
$0 $0 $0
ANN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
DENNIS SEVERSON DIRECTOR 1.00
Director
$0 $0 $0
TRAVIS TEGETHOFF DIRECTOR FROM 11/2024 1.00
Director
$0 $0 $0
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 $22,678,204 $18,023,492 $40,036,195 $4,654,712
2024 $21,221,019 $17,269,729 $35,260,796 $3,951,290
2023 $21,787,771 $16,690,297 $31,733,413 $5,097,474
2022 $18,420,342 $15,918,905 $26,244,701 $2,501,437
2021 $21,436,619 $15,671,109 $25,944,662 $5,765,510
2020 $14,733,044 $14,565,425 $23,557,962 $167,619
2019 $14,898,641 $14,204,774 $19,141,090 $693,867
2018 $14,222,209 $13,706,984 $18,074,718 $515,225
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