PROVIDENCE MEDICAL 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

1975

Legal Domicile

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

THE MISSION OF PROVIDENCE MEDICAL CENTER IS TO PROVIDE QUALITY HEALTH CARE IN THE SPIRIT OF CHRIST.

Program Service Accomplishments

Program 1

Expenses: $24,322,633 Revenue: $30,766,661

PROVIDENCE MEDICAL CENTER IS A NOT-FOR-PROFIT, 21 BED, CRITICAL ACCESS HOSPITAL LOCATED IN WAYNE, NEBRASKA. PROVIDENCE SERVES OVER 15,000 AREA RESIDENTS IN NORTHEAST NEBRASKA AND EMPLOYS OVER 219...

PROVIDENCE MEDICAL CENTER IS A NOT-FOR-PROFIT, 21 BED, CRITICAL ACCESS HOSPITAL LOCATED IN WAYNE, NEBRASKA. PROVIDENCE SERVES OVER 15,000 AREA RESIDENTS IN NORTHEAST NEBRASKA AND EMPLOYS OVER 219 PEOPLE. PROVIDENCE OFFERS ACUTE, SKILLED, AND OBSTETRICAL CARE ALONG WITH 24 HOURS A DAY, SEVEN DAYS A WEEK EMERGENCY CARE AND AMBULANCE SERVICES. THE HOSPITAL ALSO PROVIDES DIAGNOSTIC IMAGING, SURGICAL, THERAPY, LABORATORY, ONCOLOGY, RESPIRATORY, HOME HEALTH, BEHAVIORAL HEALTH AND MANY OTHER HEALTH AND WELLNESS SERVICES. THERE ARE OVER 30 SPECIALTY CLINIC DOCTORS OF DIFFERENT SPECIALTIES THAT CONDUCT CLINICS AT THE HOSPITAL IN ORDER TO BRING SPECIALIZED CARE TO THE 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%)

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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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

215

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

$404,311

Total Directors

Key Employees

Highest Compensated

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