PIONEER MEMORIAL HOSPITAL AND HEAL… - 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

1959

Legal Domicile

Principal Officer

ISAAC GERDES

Phone

6053265161

Tax Period

2023-01-01 to 2023-12-31

PIONEER MEMORIAL HOSPITAL AND HEALTH SERVICES, founded in 1959, is a mid-sized nonprofit in the Health Care sector that reported $16.4M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 25% operating margin.

Mission

COMMITTED TO HEALTH, HEALING AND COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $4,225,011 Revenue: $5,914,594

PIONEER MEMORIAL HOSPITAL & HEALTH SERVICES OPERATES A 12-BED CRITICAL ACCESS HOSPITAL. THE ORGANIZATION PROVIDES HEALTHCARE SERVICES TO VIBORG AND SURROUNDING RURAL COMMUNITIES. DURING THE CURRENT YEAR, THE HOSPITAL HAD 86 ACUTE AND SWING BED ADMISSIONS AND 644 PATIENT DAYS, 800 VISITS TO THE EMERGENCY ROOM AND PERFORMED 37 SURGERIES/SCOPE PROCEDURES. THE HOSPITAL HAD 10,112 OUTPATIENT VISITS DURING THE CURRENT YEAR.

Program 2

Expenses: $4,054,646 Revenue: $4,662,439

PIONEER MEMORIAL HOSPITAL & HEALTH SERVICES OPERATES A 46-BED SKILLED NURSING FACILITY, A 20-UNIT SENIOR HOUSING FACILITY, AND A 10-UNIT ASSISTED LIVING FACILITY. IN THE NURSING HOME, THERE WERE 32 ADMISSIONS AND 15,092 RESIDENT DAYS. THERE WERE 2,780 RESIDENT DAYS IN THE SENIOR HOUSING FACILITY, AND 3,130 RESIDENT DAYS IN THE ASSISTED LIVING FACILITY.

Program 3

Expenses: $1,913,176 Revenue: $2,776,184

PIONEER MEMORIAL HOSPITAL & HEALTH SERVICES OPERATES THREE MEDICARE-CERTIFIED RURAL HEALTH CLINICS LOCATED IN CENTERVILLE, PARKER AND VIBORG, SD. IN THE RURAL HEALTH CLINICS, THERE WERE 11,070 CLINIC VISITS. THE THREE RURAL HEALTH CLINICS ADMINISTERED 331 COVID VACCINATIONS IN FISCAL YEAR 2023.

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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 $2,784,864

Program Service Revenue $13,353,217

Investment Income $260,939

Other Revenue $41,718

TOTAL REVENUE $16,440,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,419,718

Fundraising Expenses $86,899

Program Expenses $10,192,833

Other Expenses $4,851,497

TOTAL EXPENSES $12,271,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,440,738	$12,809,224	+0.3%
Expenses	$12,271,215	$12,187,207	+0.0%
Net Income	$4,169,523	$622,017	+5.7%

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

191

Volunteers

200

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

$122,124

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GABRIEL JOHNSON	DO-FAMILY MEDICINE	45.00	Highest	$255,395	$38,741	$294,136
KAYLA MEHLHAF	CERTIFIED NURSE PRACTITIONER	45.00	Highest	$140,965	$11,622	$152,587
ANNE CHRISTIANSEN	CFO	45.00	Officer	$106,487	$15,637	$122,124
SHARON JACOBSEN	DIRECTOR OF NURSING - HOSPITAL	45.00	Highest	$104,550	$17,580	$122,130
ALEX KALSBECK	CERTIFIED NURSE PRACTITIONER	45.00	Highest	$105,543	$13,490	$119,033
MELODY SHRACK	MD-FAMILY MEDICINE	16.00	Highest	$113,860	$1,439	$115,299
MELANIE PARSONS	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL CHRISTENSEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KIM LARSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
TROY LEE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN PENNING	DIRECTOR	1.00	Director	$0	$0	$0
LINDA ANDAL	DIRECTOR UNTIL 03/2023	1.00	Director	$0	$0	$0
CHRIS PONCELET	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA BUCKNEBERG	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE POWELL	DIRECTOR	1.00	Director	$0	$0	$0
LISA STANAGE	DIRECTOR FROM 04/2023	1.00	Director	$0	$0	$0
LINDSEY HAUGER	CEO	45.00	Officer	$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
2024	No data	No data	No data	No data
2023	$16,440,738	$12,271,215	$19,793,954	$4,169,523
2022	$12,809,224	$12,187,207	$15,368,923	$622,017
2021	$14,876,728	$11,142,407	$14,818,916	$3,734,321
2020	$13,585,424	$11,000,779	$14,289,328	$2,584,645
2019	$11,194,294	$10,761,893	$8,224,933	$432,401
2018	$11,795,323	$11,119,498	$7,988,236	$675,825

PIONEER MEMORIAL HOSPITAL AND HEALTH SERVICES