PHELPS MEMORIAL HEALTH CENTER

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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

1963

Legal Domicile

Principal Officer

MARK HARREL

Phone

3089952211

Tax Period

2024-01-01 to 2024-12-31

PHELPS MEMORIAL HEALTH CENTER, founded in 1963, is a major nonprofit in the Health Care sector that reported $116.9M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23.6M, a strong 20% operating margin.

Mission

TO ALWAYS PROVIDE EXCEPTIONAL QUALITY AND COMPASSIONATE CARE FOR THE FAMILIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $62,392,990 Revenue: $64,058,639

PHELPS MEMORIAL HEALTH CENTER (HEALTH CENTER) IS A NOT-FOR-PROFIT NEBRASKA CORPORATION THAT OPERATES A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN HOLDREGE, NEBRASKA. THE HEALTH CENTER PROVIDES...

PHELPS MEMORIAL HEALTH CENTER (HEALTH CENTER) IS A NOT-FOR-PROFIT NEBRASKA CORPORATION THAT OPERATES A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN HOLDREGE, NEBRASKA. THE HEALTH CENTER PROVIDES INPATIENT, OUTPATIENT, SWING BED, EMERGENCY, CLINIC AND AMBULANCE SERVICES IN THE LOCAL AREA. ADMITTING PHYSICIANS ARE PRIMARILY PRACTITIONERS IN THE LOCAL AREA. THE HEALTH CENTER PROVIDES PATIENT FINANCIAL ASSISTANCE TO PATIENTS WHO ARE FINANCIALLY UNABLE TO PAY FOR HEALTHCARE SERVICES THEY RECEIVE. IT IS THE POLICY OF THE HEALTH CENTER NOT TO PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS PATIENT FINANCIAL ASSISTANCE. ACCORDINGLY, THE HEALTH CENTER DOES NOT REPORT THESE AMOUNTS IN PATIENT SERVICE REVENUE.

Program 2

Expenses: $13,837,744 Revenue: $25,977,000

THE PHARMACY DEPARTMENT OVERSEES MEDICATION PURCHASING, STORAGE, DISPENSING, AND THE UTILIZATION THROUGHOUT PHELPS MEMORIAL HEALTH CENTER. THE PHARMACY STAFF PLAYS AN IMPORTANT ROLE IN PROVIDING DRUG INFORMATION TO HEALTH CARE PROFESSIONALS AT PHELPS MEMORIAL HEALTH CENTER. WITH THE USE OF DISPENSING TECHNOLOGIES, INCLUDING SMART INFUSION PUMPS, AND BAR-CODING BEDSIDE, THE PHARMACY DEPARTMENT AT PHELPS MEMORIAL HEALTH CENTER GIVES PATIENT SAFETY A TOP PRIORITY.

Program 3

Expenses: $4,640,706 Revenue: $8,711,798

PHYSICAL THERAPY - THE THERAPY CENTER INCLUDES A LARGE GYM FOR TRAINING AND REHABILITATION, A WHIRLPOOL ROOM FOR WOUND CARE AND A SPORTS FLOOR FOR ATHLETIC TRAINING. PHYSICAL THERAPY ALLOWS...

PHYSICAL THERAPY - THE THERAPY CENTER INCLUDES A LARGE GYM FOR TRAINING AND REHABILITATION, A WHIRLPOOL ROOM FOR WOUND CARE AND A SPORTS FLOOR FOR ATHLETIC TRAINING. PHYSICAL THERAPY ALLOWS INDIVIDUALS TO DEVELOP, RESTORE AND MAINTAIN MAXIMUM MOVEMENT AND FUNCTIONAL ABILITY THROUGHOUT LIFE. THIS INCLUDES PROVIDING SERVICES IN CIRCUMSTANCES WHERE MOVEMENT AND FUNCTION ARE THREATENED BY AGING, INJURY, OR DISEASE. THE HYDROWORX THERAPY POOL HELPS PATIENTS RECOVER FROM SURGERY AND ARTHRITIC SYMPTOMS AS WELL AS ATHLETIC REHABILITATION.OCCUPATIONAL THERAPY INCORPORATES MEANINGFUL AND PURPOSEFUL OCCUPATION TO ENABLE PEOPLE WITH LIMITATIONS OR IMPAIRMENTS TO PARTICIPATE IN EVERYDAY LIFE. OCCUPATIONAL THERAPISTS WORK WITH INDIVIDUALS, FAMILIES, GROUPS, AND POPULATIONS TO FACILITATE HEALTH AND WELL-BEING THROUGH ENGAGEMENT OR RE-ENGAGEMENT IN OCCUPATIONS AND EVERYDAY ACTIVITIES. OCCUPATIONAL THERAPY MAY INCLUDE RESTORING FUNCTION, ADAPTING THE PATIENT'S ENVIRONMENT, OR EVEN HELPING PATIENTS FIND EQUIPMENT TO HELP THEM PARTICIPATE MORE INDEPENDENTLY IN THEIR EVERYDAY ACTIVITIES. OCCUPATIONAL THERAPY HAS MORE ROOM TO EXPAND THEIR SERVICES AND BETTER SERVE THEIR PATIENTS.SPEECH THERAPY ADDRESSES PEOPLE'S SPEECH PRODUCTION, VOCAL PRODUCTION, SWALLOWING DIFFICULTIES AND LANGUAGE NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $87,516

Program Service Revenue $99,292,207

Investment Income $16,259,228

Other Revenue $1,252,008

TOTAL REVENUE $116,890,959

Expense Breakdown

Grants Paid $67,000

Salaries & Benefits $37,581,505

Fundraising Expenses $0

Program Expenses $81,481,234

Other Expenses $55,631,852

TOTAL EXPENSES $93,280,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,890,959	$85,948,028	+0.4%
Expenses	$93,280,357	$83,926,537	+0.1%
Net Income	$23,610,602	$2,021,491	+10.7%

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

387

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

$1,180,083

Total Directors

$31,875

Key Employees

$1,342,006

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BERNEY MD	CHIEF OF STAFF	2.00	Director	$16,560	$0	$16,560
WILLIAM SANDY MD	CHIEF MEDICAL OFFICER	2.00	Director	$15,315	$0	$15,315
MIKE PELSTER	PRESIDENT	2.00	Officer Director	$0	$0	$0
KYLE ANDERSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA HEIDEN	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVE KNESS	TREASURER	2.00	Officer Director	$0	$0	$0
MARK KRAUS	MEMBER	2.00	Director	$0	$0	$0
STEPHANIE DANNEHL	MEMBER	2.00	Director	$0	$0	$0
HEATHER MCQUILLAN	MEMBER	2.00	Director	$0	$0	$0
DOUG HOHMAN	MEMBER	2.00	Director	$0	$0	$0
DON KRAUS	MEMBER	2.00	Director	$0	$0	$0
LANCE THORELL	MEMBER	2.00	Director	$0	$0	$0
WAYNE QUINCY	MEMBER (THRU 04/24)	2.00	Director	$0	$0	$0
MARK HARREL	CEO	40.00	Officer	$616,528	$62,598	$679,126
LOREN D SCHRODER	CFO	40.00	Officer	$438,318	$62,639	$500,957
TYLER FRIES	DIRECTOR OF PHARMACY	40.00	Key Emp	$193,153	$53,854	$247,007
LACIE WESTCOTT	CHIEF EXPERIENCE OFFICER	40.00	Key Emp	$193,491	$50,879	$244,370
TESHA BROADFOOT	CNO	40.00	Key Emp	$178,829	$46,722	$225,551
RACHEL DALLMANN	SVP OF CLINICAL OPERATIONS	40.00	Key Emp	$160,697	$58,775	$219,472
TRACIE ELLIOTT	DIRECTOR OF IMAGING	40.00	Key Emp	$155,582	$54,289	$209,871
TAMMY NELSON	DIRECTOR OF SURGICAL SERVICES	40.00	Key Emp	$150,305	$45,430	$195,735
RUBEN CHAVEZ	CRNA	40.00	Highest	$290,195	$76,463	$366,658
JAMIE ROOKS	CRNA	40.00	Highest	$289,623	$76,614	$366,237
SARA MCQUISTAN	CRNA	40.00	Highest	$292,380	$52,714	$345,094
RYAN LIESKE	PHYSICIAN ASSISTANT	36.00	Highest	$200,171	$58,615	$258,786
TIFFANY WEEDER	APRN	36.00	Highest	$184,410	$61,256	$245,666

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	$116,890,959	$93,280,357	$191,694,775	$23,610,602
2023	$85,948,028	$83,926,537	$173,624,057	$2,021,491
2022	$74,881,466	$67,925,619	$157,386,632	$6,955,847
2021	$73,722,403	$58,310,076	$173,907,477	$15,412,327
2020	$64,041,410	$52,466,541	$156,794,421	$11,574,869
2019	$61,521,419	$52,781,586	$118,740,741	$8,739,833
2018	$56,029,665	$51,710,539	$101,517,446	$4,319,126