Cambridge Memorial Hospital Inc

EIN: 476028103 501(c)(3) Health Care

Cambridge, NE

Total Revenue
$28,836,091
Total Expenses
$27,640,637
Total Assets
$28,085,284
Net Assets
$13,850,020
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
NE
Principal Officer
Clay Jordan
Phone
3086973329
Tax Period
2024-05-01 to 2025-04-30

Cambridge Memorial Hospital Inc, founded in 1955, is a mid-sized nonprofit in the Health Care sector that reported $28.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $27.6M left a modest 4% surplus.

Mission

Providing quality, compassionate, local healthcare services.

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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 (2024)

Revenue Breakdown

Contributions & Grants $779,841
Program Service Revenue $27,750,284
Investment Income $267,972
Other Revenue $37,994
TOTAL REVENUE $28,836,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,865,928
Fundraising Expenses $0
Program Expenses $23,598,450
Other Expenses $13,774,709
TOTAL EXPENSES $27,640,637

Year-over-Year Comparison

2024 2023 Change
Revenue $28,836,091 $25,787,874 +0.1%
Expenses $27,640,637 $27,036,603 +0.0%
Net Income $1,195,454 $-1,248,729 -2.0%
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

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Governance

Voting Members
9
Independent Members
9
Employees
224
Volunteers
50

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
7
$382,915
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LaVern Banzhaf President 3.00
Officer Director
$0 $0 $0
James McGowen Vice President 3.00
Officer Director
$0 $0 $0
Nanette Witte Secretary until December 3.00
Officer Director
$0 $0 $0
Derek Downer - Trustee until Dec/Secretary as of Dec 3.00
Officer Director
$0 $0 $0
John Paulsen Treasurer 3.00
Officer Director
$0 $0 $0
Marcus Vontz Trustee 3.00
Director
$0 $0 $0
Logan Baker Trustee 3.00
Director
$0 $0 $0
James Jones Trustee until Dec 3.00
Director
$0 $0 $0
Jason Neseth Trustee 3.00
Director
$0 $0 $0
Genny Kubik Trustee as of December 3.00
Director
$0 $0 $0
Ginella Sweeney Trustee as of December 3.00
Director
$0 $0 $0
Clay Jordan CEO 40.00
Officer
$192,987 $38,855 $231,842
Diana Swindler CFO 40.00
Officer
$134,179 $16,894 $151,073
Shiuvaun Jaeger MD Family Practice/Obstetrics 40.00
Highest
$560,019 $41,967 $601,986
Lennie Deaver MD Family Practice/Obstetrics 40.00
Highest
$442,583 $26,898 $469,481
Rachelle Kaspar-Cope MD Family Practice/Obstetrics 40.00
Highest
$424,487 $44,528 $469,015
Cristin Soucie Pharmacist 40.00
Highest
$146,988 $40,031 $187,019
Cherl Mues APRN Family Practice 40.00
Highest
$143,367 $7,183 $150,550
Jessica Fisher Former CEO 40.00
$391,181 $10,380 $401,561
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
2025 $28,836,091 $27,640,637 $28,085,284 $1,195,454
2024 $25,787,874 $27,036,603 $26,799,880 $-1,248,729
2024 $25,787,874 $27,036,603 $26,799,880 $-1,248,729
2023 $25,424,830 $26,311,260 $27,675,131 $-886,430
2022 $26,343,656 $25,191,225 $30,986,077 $1,152,431
2021 $28,835,385 $23,360,245 $31,718,093 $5,475,140
2020 $22,402,056 $22,817,390 $26,374,690 $-415,334
2019 $22,804,598 $23,936,313 $25,416,084 $-1,131,715
2018 $20,775,092 $21,822,957 $26,801,021 $-1,047,865
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