FRANCISCAN HEALTH RENSSELAER INC

EIN: 473825106 501(c)(3)

RENSSELAER, IN

Total Revenue
$37,933,105
Total Expenses
$37,757,990
Total Assets
$21,092,973
Net Assets
$-30,965,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IN
Principal Officer
KEVIN D LEAHY
Phone
2198665141
Tax Period
2023-01-01 to 2023-12-31

FRANCISCAN HEALTH RENSSELAER INC, founded in 2015, is a mid-sized nonprofit that reported $37.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE PURPOSES FOR WHICH FRANCISCAN HEALTH RENSSELAER IS FORMED ARE: TO CONTINUE THE HEALING MINISTRY OF CHRIST IN ACCORDANCE WITH THE TEACHINGS OF THE ROMAN CATHOLIC CHURCH AND, IN PARTNERSHIP WITH OTHERS, TO PROVIDE A FULL CONTINUUM OF HEALTH CARE SERVICES; TO CARRY ON EDUCATIONAL ACTIVITIES RELATED TO THE PROMOTION OF HEALTH; TO PROMOTE AND CARRY ON SCIENTIFIC RESEARCH RELATED TO HEALTH CARE; AND TO PARTICIPATE IN ANY ACTIVITY DESIGNED AND CONDUCTED TO PROMOTE THE GENERAL HEALTH OF THOSE SERVED BY FRANCISCAN HEALTH RENSSELAER. THE REVENUES OF FRANCISCAN HEALTH RENSSELAER ALLOW FOR THE OPERATION OF HEALTH CARE FACILITIES WHERE THE PURPOSE IS TO RESPECT LIFE AND TO PRESERVE HEALTH AS WELL AS TREAT ILLNESS AND INJURY. THIS ALLOWS FOR THE ACCOMPLISHMENT OF THE CORPORATE MINISTRY WHICH HAS THE FOLLOWING CENTRAL CONCERNS: COMPASSION FOR THOSE IN NEED, RESPECT FOR LIFE AND THE DIGNITY OF PERSONS, WELLNESS AND THE PREVENTION OF ILLNESS, RESTORATION TO HEALTH, AND THE ACCEPTANCE OF DEATH AS THE FINAL STEP TOWARDS WHOLENESS. WWW.FRANCISCANHEALTH.ORG/COMMUNITYHEALTH REFLECTS OUR MISSION OF "CONTINUING CHRIST'S MINISTRY IN OUR FRANCISCAN TRADITION."

Program Service Accomplishments

Program 1
Expenses: $30,697,326 Revenue: $37,714,671

FRANCISCAN HEALTH RENSSELAER, INC. IS A TWENTY-FIVE BED CRITICAL ACCESS HOSPITAL LOCATED IN RENSSELAER, INDIANA PROVIDING HEALTH ACCESS SERVICES TO THE RESIDENTS OF JASPER AND SURROUNDING COUNTIES...

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FRANCISCAN HEALTH RENSSELAER, INC. IS A TWENTY-FIVE BED CRITICAL ACCESS HOSPITAL LOCATED IN RENSSELAER, INDIANA PROVIDING HEALTH ACCESS SERVICES TO THE RESIDENTS OF JASPER AND SURROUNDING COUNTIES. SERVICES PROVIDED INCLUDE INPATIENT AND OUTPATIENT MEDICAL, SURGICAL, EXTENDED CARE, DIAGNOSTIC, EMERGENCY CARE, AS WELL AS THE OPERATION OF TWO RURAL HEALTH CLINICS. SPECIALTY SERVICES INCLUDE CARDIOLOGY, ORTHOPEDICS, UROLOGY, AND ONCOLOGY.

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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 $127,777
Program Service Revenue $37,780,738
Investment Income $0
Other Revenue $24,590
TOTAL REVENUE $37,933,105

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,670,319
Fundraising Expenses $0
Program Expenses $30,697,326
Other Expenses $24,087,671
TOTAL EXPENSES $37,757,990

Year-over-Year Comparison

2023 2022 Change
Revenue $37,933,105 $32,197,626 +0.2%
Expenses $37,757,990 $37,726,727 +0.0%
Net Income $175,115 $-5,529,101 -1.0%
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
5
Independent Members
4
Employees
169
Volunteers
7

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
$4,611,323
Total Directors
6
$2,665,008
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN D LEAHY PRESIDENT & TRUSTEE 5.0
Officer Director
$0 $197,552 $2,665,008
TERRANCE WILSON FACILITY CEO/PRES OF HOSP DIV 5.0
Officer
$0 $586,856 $1,423,457
AGNES THERADY SENIOR VICE PRESIDENT CNO 5.0
Officer
$0 $34,784 $522,858
SUSAN L HOOKER MANAGER PHARMACY SERVICES 40.0
Highest
$144,163 $24,946 $169,109
KARI L GOODMAN DIRECTOR PATIENT CARE SERVICES 40.0
Highest
$143,696 $25,213 $168,909
AMY J SIGNMAN REGISTERED NURSE 40.0
Highest
$130,265 $15,755 $146,020
CHRISTOPHER AYLMER IMAGING TECHNOLOGIST 40.0
Highest
$123,039 $17,366 $140,405
SHANNON LEIGH FINCHUM REGISTERED NURSE 40.0
Highest
$120,102 $7,203 $127,305
SISTER JANE MARIE KLEIN CHAIR & TRUSTEE (THRU 08/23) 5.0
Director
$0 $0 $0
SISTER M ANN KATHLEEN MAGIERA TREASURER & TRUSTEE 5.0
Officer Director
$0 $0 $0
SISTER M MADONNA ROUGEAU TRUSTEE 5.0
Director
$0 $0 $0
SISTER LETHIA MARIE LEVEILLE SECRETARY & TRUSTEE 5.0
Officer Director
$0 $0 $0
SISTER M ALINE SHULTZ CHAIR & TRUSTEE (AS OF 08/23) 5.0
Director
$0 $0 $0
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 $37,933,105 $37,757,990 $21,092,973 $175,115
2022 $32,197,626 $37,726,727 $21,765,388 $-5,529,101
2021 $33,880,156 $37,218,525 $23,707,166 $-3,338,369
2020 $33,727,104 $35,249,971 $26,044,376 $-1,522,867
2019 $32,867,450 $36,787,873 $27,884,259 $-3,920,423
2018 $27,888,552 $35,469,675 $27,038,944 $-7,581,123
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