Lindsborg Community Hospital Assoc… - Form 990 Financial Data

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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

1944

Legal Domicile

Principal Officer

Laraine Gengler

Phone

7852273308

Tax Period

2023-10-01 to 2024-09-30

Lindsborg Community Hospital Association, founded in 1944, is a mid-sized nonprofit in the Health Care sector that reported $10.3M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $15.6M exceeded revenue, resulting in a 53% operating deficit.

Mission

Partners caring for the health of the Smoky Valley communities.

Program Service Accomplishments

Program 1

Expenses: $10,991,571 Revenue: $10,191,823

Lindsborg Community Hospital (LCH) operates a critical access hospital in a community qualifying for such designation under federal law. The facilities are adequate for treatment or care of...

Lindsborg Community Hospital (LCH) operates a critical access hospital in a community qualifying for such designation under federal law. The facilities are adequate for treatment or care of individuals suffering from mental or physical illness, disease, injury or deformity in an acute care, skilled nursing care, outpatient or emergency room setting. LCH cares for residents of the Smoky Valley with the operation of a 24/7 emergency room. 1,686 emergency room patients were seen in the 2024 fiscal year. 3,917 urgent care visits and 403 cardiac rehab visits improved the health of community members. 10,187 visits were made in the Family Health Care Clinic to provide acute treatment, manage chronic conditions, or provide preventive care. 5,673 meals on wheels and 4,516 frozen meals were supplied to community members. Education was provided to the Smoky Valley Community through print, digital forums and on-site in 2024. Employees of LCH partner with community groups such as Lindsborg Ad-Hoc and Strategic Alliance to enhance the Lindsborg experience. Staff also provide leadership with the Sunflower Health Network, KHA Board of Directors, and the Sunflower (Kansas) HFMA Chapter.

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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 $24,195

Program Service Revenue $10,191,823

Investment Income $34,733

Other Revenue $0

TOTAL REVENUE $10,250,751

Expense Breakdown

Grants Paid $24,619

Salaries & Benefits $9,561,768

Fundraising Expenses $0

Program Expenses $10,991,571

Other Expenses $6,046,693

TOTAL EXPENSES $15,633,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,250,751	$16,531,643	-0.4%
Expenses	$15,633,080	$14,802,405	+0.1%
Net Income	$-5,382,329	$1,729,238	-4.1%

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

N/A

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

Total Directors

$24,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Oleen	President	0.03	Officer Director	$0	$0	$0
Michael Rose	Vice President	0.03	Officer Director	$0	$0	$0
Judith Neuschafer	Secretary	0.03	Officer Director	$0	$0	$0
Thomas Buffington	Treasurer	0.03	Officer Director	$0	$0	$0
Ryan Biegert	Director	0.03	Director	$0	$0	$0
Laura Hultquist	Director	0.03	Director	$0	$0	$0
Eric Kruckenberg	Director	0.03	Director	$0	$0	$0
Gregory Lindholm PA-C	Director	0.03	Director	$23,705	$1,082	$24,787
Denise Peterson	Director	0.03	Director	$0	$0	$0
Larry Van Der Wege	Administrator	40.00	Officer	$0	$0	$0
Laraine Gengler	Chief Financial Officer	40.00	Officer	$0	$0	$0
Benjamin Dolezal	Physician	40.00	Highest	$282,255	$37,510	$319,765
Wendy Dinkel	Physician	40.00	Highest	$268,878	$38,992	$307,870
Luke Rosebraugh	Physician	40.00	Highest	$205,248	$38,502	$243,750
Lisa Warren	PA-C	40.00	Highest	$171,875	$17,358	$189,233
Anthony Ivey	ARNP	40.00	Highest	$176,694	$29,477	$206,171

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	No data	No data	No data	No data
2024	$10,250,751	$15,633,080	$17,104,090	$-5,382,329
2023	$16,531,643	$14,802,405	$17,977,240	$1,729,238
2022	$15,181,896	$12,966,244	$17,444,515	$2,215,652
2021	$14,859,311	$12,323,916	$14,763,463	$2,535,395
2020	$11,509,685	$11,296,887	$14,784,279	$212,798
2019	$11,714,911	$11,310,579	$11,896,628	$404,332
2018	$11,927,057	$11,760,025	$10,538,270	$167,032

Lindsborg Community Hospital Association