PROVIDENCE MEDICAL CENTER

EIN: 470566524 501(c)(3)

WAYNE, NE

Total Revenue
$31,561,807
Total Expenses
$30,615,351
Total Assets
$50,617,441
Net Assets
$32,310,076
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NE
Principal Officer
BRUCE CRAVEN
Phone
4023753800
Tax Period
2023-01-01 to 2023-12-31

PROVIDENCE MEDICAL CENTER, founded in 1975, is a mid-sized nonprofit that reported $31.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

WE BELIEVE THAT THE PATIENT IS THE MOST IMPORTANT PERSON IN OUR MEDICAL CENTER, THAT LIFE IS A GIFT FROM GOD, AND THAT ALL PERSONS ARE CREATED EQUAL. WE BELIEVE THAT EVERY PATIENT HAS A RIGHT TO BE ADMITTED WHEN IN NEED OF SERVICES WHICH OUR FACILITY IS EQUIPPED TO PROVIDE, PRIVACY, PROFESSIONAL DISCRETION, CONSENT TO OR REFUSAL OF TREATMENT AND MAY REQUEST THE MINISTER OF HIS/HER CHOICE. WE BELIEVE THAT OUR MEDICAL CENTER HAS THE RESPONSIBILITY TO PROVIDE ADEQUATE AND COMPETENT STAFF AND DIAGNOSTIC, PREVENTATIVE AND THERAPEUTIC FACILITIES TO ENSURE HIGH QUALITY MEDICAL CARE TO THE PATIENT, AND THAT THIS CAN ONLY BE ACHIEVED THROUGH COOPERATION AND SUPPORT AMONG THE STAFF AND COMMUNITY. WE BELIEVE THAT THE EMPLOYEES ARE ENTITLED TO JUST WAGES FOR HONEST WORK AND TO OPPORTUNITIES FOR PERSONAL AND PROFESSIONAL GROWTH. WE BELIEVE THAT OUR MEDICAL CENTER NEEDS TO PARTICIPATE ACTIVELY IN COMMUNITY PLANNING OF HEALTH AND MEDICAL CARE FACILITIES AND OPERATE IN ACCORDANCE WITH THE NEEDS OF THE CIVIC COMMUNITY.

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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 $166,164
Program Service Revenue $30,766,177
Investment Income $428,694
Other Revenue $200,772
TOTAL REVENUE $31,561,807

Expense Breakdown

Grants Paid $880
Salaries & Benefits $13,747,010
Fundraising Expenses $0
Program Expenses $24,322,633
Other Expenses $16,867,461
TOTAL EXPENSES $30,615,351

Year-over-Year Comparison

2023 2022 Change
Revenue $31,561,807 $28,984,074 +0.1%
Expenses $30,615,351 $28,946,274 +0.1%
Net Income $946,456 $37,800 +24.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
215
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
5
$404,311
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BRANDOW CHAIR 1.00
Officer Director
$0 $0 $0
MATTHEW LEY VICE CHAIR 1.00
Officer Director
$0 $0 $0
ERIC KNUTSON SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
STEVEN ELLIOTT DIRECTOR (TERM 12/04/23) 1.00
Director
$0 $0 $0
MELISSA GRAHAM DIRECTOR 1.00
Director
$0 $0 $0
ROSS HANSEN DIRECTOR 1.00
Director
$0 $0 $0
JODI PULFER DIRECTOR 1.00
Director
$0 $0 $0
NATHAN RAABE DIRECTOR (TERM 12/31/23) 1.00
Director
$0 $0 $0
KIMBERLY HIXSON CFO 40.00
Officer
$138,600 $7,998 $146,598
DANIELLE GEARHART CEO 40.00
Officer
$224,471 $33,242 $257,713
KIMBERLY LUEDERS DIRECTOR OF PHARMACY 40.00
Highest
$166,162 $9,098 $175,260
CASSANDRA KORTH RETAIL PHARMACY COORDINATOR 40.00
Highest
$124,422 $6,379 $130,801
ANDREA BLECKE DIRECTOR OF THERAPY 40.00
Highest
$115,497 $19,471 $134,968
NICOLE HAGLUND VP OF NURSING 40.00
Highest
$112,606 $37,008 $149,614
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 $31,561,807 $30,615,351 $50,617,441 $946,456
2022 $28,984,074 $28,946,274 $47,729,681 $37,800
2021 $34,578,990 $26,825,547 $46,480,888 $7,753,443
2020 $27,455,012 $25,494,665 $46,663,215 $1,960,347
2019 $25,007,645 $24,085,316 $35,295,841 $922,329
2018 $22,760,200 $22,847,288 $33,545,721 $-87,088
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