Mobridge Regional Healthcare Foundation

EIN: 460416693 501(c)(3) Housing & Shelter

Mobridge, SD

Total Revenue
$698,667
Total Expenses
$547,163
Total Assets
$1,576,291
Net Assets
$1,576,291
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
SD
Principal Officer
Travis Vetch
Phone
6058453692
Tax Period
2023-10-01 to 2024-09-30

Mobridge Regional Healthcare Foundation, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $699K in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 22% operating margin.

Mission

The primary purpose of the corporation is to encourage and promote on a long-term and continuing basis the gifts of funds and property to be used for charitable, scientific, educational and building programs of Mobridge Regional Hospital in assisting, promoting and advancing the care of the ill, injured, aged and infirm and fostering the good health of the people it serves.

Program Service Accomplishments

Program 1
Expenses: $536,300 Revenue: $0

Assist Mobridge Regional Hospital in providing quality healthcare services in the Mobridge, SD area through financial support. The hospital Foundation shares in the Vision of Mobridge Regional...

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Assist Mobridge Regional Hospital in providing quality healthcare services in the Mobridge, SD area through financial support. The hospital Foundation shares in the Vision of Mobridge Regional Hospital of "Becoming one of America's finest rural health providers". Since 1991 the advocacy, promotion and inspiration to raise funds and positively promote the community owned medical facility has been the #1 priority.The Foundation provides an important fundraising outreach service for the Mobridge Regional Hospital & Clinics. All of the Foundation funds and activities benefit the entire region through improved healthcare, education, and screening. The Foundation provides visibility for the Hospital through its fundraising activities in the community, and promotes fundraising efforts to create an awareness of improved health for all persons in the service area.In FY 2024, we completed our first year of our three-year capital campaign to support the Mobridge Regional Hospital and Clinics building and renovation project. We were able to secure several donations. We held a gala fundraiser and a golf tournament fundraiser. During FY 2024, the foundation contributed $529,300 to the Mobridge Regional Hospital and Clinics from funds raised during the capital campaign.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $677,185
Program Service Revenue $0
Investment Income $37,222
Other Revenue $-15,740
TOTAL REVENUE $698,667

Expense Breakdown

Grants Paid $536,300
Salaries & Benefits $0
Fundraising Expenses $8,294
Program Expenses $536,300
Other Expenses $10,863
TOTAL EXPENSES $547,163

Year-over-Year Comparison

2023 2022 Change
Revenue $698,667 $367,820 +0.9%
Expenses $547,163 $73,099 +6.5%
Net Income $151,504 $294,721 -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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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
6

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
4
$122,714
Total Directors
7
$43,863
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Travis Vetch President 1.00
Officer Director
$0 $0 $0
Deb Brekke Vice President 1.00
Officer Director
$0 $1,687 $43,863
Mark Dady Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Josh Wudel Trustee 1.00
Director
$0 $0 $0
Jeana Sayler Trustee 1.00
Director
$0 $0 $0
Jan Brockel Trustee 1.00
Director
$0 $0 $0
Nancy McClellan Trustee 1.00
Director
$0 $0 $0
Darcy Kosters Foundation Director 3.00
Officer
$0 $23,131 $78,851
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 $698,667 $547,163 $1,576,291 $151,504
2023 $367,820 $73,099 $1,325,829 $294,721
2022 $57,477 $15,207 $957,449 $42,270
2021 $44,021 $32,998 $1,055,846 $11,023
2020 $58,304 $39,395 $930,602 $18,909
2019 $87,591 $42,100 $774,653 $45,491
2018 $41,591 $30,914 $916,476 $10,677
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