ELY HEALTH AND HOSPITAL FUND (EIN 461836177) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Principal Officer

PATTI BANKS

Phone

2183653271

Tax Period

2023-10-01 to 2024-09-30

ELY HEALTH AND HOSPITAL FUND, founded in 2012, is a small nonprofit in the Health Care sector that reported $210K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $174K, a strong 83% operating margin.

Mission

TO RECEIVE FUNDS AND MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER CODE SECTION 501(C)(3) AND TO PROMOTE THE HEALTH OF THE RESIDENTS OF THE COMMUNITIES SERVED BY THE ELY-BLOOMENSON COMMUNITY HOSPITAL, A MINNESOTA NONPROFIT CORPORATION.

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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 $0

Program Service Revenue $0

Investment Income $201,325

Other Revenue $8,384

TOTAL REVENUE $209,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $35,335

TOTAL EXPENSES $35,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,709	$358,000	-0.4%
Expenses	$35,335	$31,117	+0.1%
Net Income	$174,374	$326,883	-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

N/A

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

$291,884

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN SMITH	DIRECTOR	0.25	Director	$0	$0	$0
RIANA HEGMAN	DIRECTOR	0.25	Director	$0	$0	$0
JO LANGAN	DIRECTOR UNTIL 12/31/23	0.25	Director	$0	$0	$0
STEPHEN PETERSON SR	DIRECTOR	0.25	Director	$0	$0	$0
JOHN SAW	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT WILMUNEN	DIRECTOR	0.25	Director	$0	$0	$0
TODD HEIMAN	TREASURER	0.25	Officer Director	$0	$0	$0
KELLY KLUN	SECRETARY UNTIL 12/31/23	0.25	Officer Director	$0	$0	$0
BARB SODERBERG	SECRETARY	0.25	Officer Director	$0	$0	$0
DEVON LUTHENS	PRESIDENT	0.25	Officer Director	$0	$0	$0
TIM RILEY	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
PATTI BANKS	CEO	0.25	Officer	$0	$43,202	$291,884

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	$209,709	$35,335	$15,888,329	$174,374
2023	$358,000	$31,117	$12,952,939	$326,883
2022	$928,013	$29,170	$11,523,268	$898,843
2021	$217,176	$28,025	$14,069,644	$189,151
2020	$125,559	$329	$12,348,752	$125,230
2019	$821,264	$150,000	$12,626,357	$671,264
2018	$711,989	$168,000	$12,009,329	$543,989

ELY HEALTH AND HOSPITAL FUND