HIAWATHA HOSPITAL ASSOCIATION INC (EIN 480577658) - Form 990 Financial Analysis & Trantor Score

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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

1945

Legal Domicile

Principal Officer

JARED ABEL

Phone

9133605584

Tax Period

2024-01-01 to 2024-12-31

HIAWATHA HOSPITAL ASSOCIATION INC, founded in 1945, is a mid-sized nonprofit in the Health Care sector that reported $35.9M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $34.1M left a modest 5% surplus.

Mission

PROVIDE MODERN, RELIABLE, AFFORDABLE HEALTH CARE THAT BEST MEETS THE NEEDS OF OUR 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 (2024)

Revenue Breakdown

Contributions & Grants $177,687

Program Service Revenue $35,491,921

Investment Income $204,492

Other Revenue $-8,601

TOTAL REVENUE $35,865,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,015,757

Fundraising Expenses $0

Program Expenses $28,460,668

Other Expenses $15,124,184

TOTAL EXPENSES $34,139,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,865,499	$29,460,437	+0.2%
Expenses	$34,139,941	$33,904,849	+0.0%
Net Income	$1,725,558	$-4,444,412	-1.4%

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

316

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

$294,950

Total Directors

Key Employees

$344,322

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG RODVELT	PRESIDENT	0.25	Officer Director	$0	$0	$0
DEL ELFFNER	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
JOHN MOORE	SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
ERIC INGMIRE	DIRECTOR	0.25	Director	$0	$0	$0
WILLIE GEISENDORF	DIRECTOR	0.25	Director	$0	$0	$0
HOWARD ELLIOTT	DIRECTOR	0.25	Director	$0	$0	$0
JASON SMITH	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY PERRY	PRESIDENT & CEO THRU 5/24	20.00	Officer	$118,476	$0	$118,476
JARED ABEL	PRESIDENT & CEO AS OF 6/24	20.00	Officer	$78,826	$0	$78,826
CHASE DUDZINSKI	CFO	20.00	Officer	$83,987	$13,661	$97,648
JESSICA JARVIS MD	CHIEF OF STAFF	40.00	Key Emp	$294,048	$50,274	$344,322
CROSBY GERNON MD	RADIOLOGIST	40.00	Highest	$397,407	$49,826	$447,233
MARIAH KRIWIEL MD	PHYSICIAN	40.00	Highest	$359,773	$49,167	$408,940
ROBIN ALEXANDER	CRNA	40.00	Highest	$287,470	$50,505	$337,975
PAIGE KNUDSON	CRNA	40.00	Highest	$268,443	$10,593	$279,036
DUSTIN WILLIAMS	NURSE PRACTITIONER	40.00	Highest	$246,080	$50,285	$296,365

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	$35,865,499	$34,139,941	$20,386,919	$1,725,558
2023	$29,460,437	$33,904,849	$20,078,246	$-4,444,412
2022	$30,810,336	$31,319,774	$24,339,775	$-509,438
2021	$36,634,529	$31,120,010	$31,506,410	$5,514,519
2020	$29,586,854	$28,699,159	$29,553,059	$887,695
2019	$28,350,934	$27,067,358	$17,337,944	$1,283,576
2018	$27,505,763	$28,234,108	$16,410,817	$-728,345

HIAWATHA HOSPITAL ASSOCIATION INC