McPherson Hospital Inc

EIN: 480799105 501(c)(3) Health Care

McPherson, KS

Total Revenue
$48,604,087
Total Expenses
$46,939,171
Total Assets
$27,309,157
Net Assets
$15,956,265
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
KS
Principal Officer
Tanner Wealand
Phone
6202412250
Tax Period
2024-07-01 to 2025-06-30

McPherson Hospital Inc, founded in 1972, is a mid-sized nonprofit in the Health Care sector that reported $48.6M in total revenue in fiscal year 2024. Expenses of $46.9M left a modest 3% surplus.

Mission

Provision of acute hospital care to patients regardless of ability to pay.

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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 $4,449,098
Program Service Revenue $43,417,858
Investment Income $217,660
Other Revenue $519,471
TOTAL REVENUE $48,604,087

Expense Breakdown

Grants Paid $17,000
Salaries & Benefits $27,545,976
Fundraising Expenses $91,533
Program Expenses $38,656,693
Other Expenses $19,376,195
TOTAL EXPENSES $46,939,171

Year-over-Year Comparison

2024 2023 Change
Revenue $48,604,087 $45,262,404 +0.1%
Expenses $46,939,171 $45,668,171 +0.0%
Net Income $1,664,916 $-405,767 -5.1%
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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Governance

Voting Members
13
Independent Members
9
Employees
505
Volunteers
63

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
6
$357,999
Total Directors
14
$1,874,285
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chet Lang Chairperson 2.00
Officer Director
$0 $0 $0
Dorothy Hughes Trustee/Vice Chair (Eff. 01/25) 2.00
Officer Director
$0 $0 $0
Paul Taliaferro Vice Chair (Thru 12/24)/Trustee 2.00
Officer Director
$0 $0 $0
Bill Glazner Secretary 2.00
Officer Director
$0 $0 $0
Abbey Archer-Rierson Trustee 2.00
Director
$0 $0 $0
Lenny Favara Trustee 2.00
Director
$0 $0 $0
Paul Godwin Trustee 2.00
Director
$0 $0 $0
Tim Karstetter Trustee 2.00
Director
$0 $0 $0
James Loving Trustee 2.00
Director
$0 $0 $0
Brandon Stringer MD Physician/Trustee 40.00
Director
$380,020 $45,335 $425,355
Carl Turner DO Physician/Trustee (Thru 12/24) 40.00
Director
$441,403 $43,520 $484,923
Michael Bloustine Physician/Trustee 40.00
Director
$358,047 $19,328 $377,375
Grace Strella MD Physician/Trustee (Eff. 01/25) 40.00
Director
$225,561 $23,331 $248,892
Trenton VanEaton Physician/Trustee (Eff. 01/25) 40.00
Director
$296,000 $41,740 $337,740
Tanner Wealand President and CEO 40.00
Officer
$258,471 $10,805 $269,276
Anthony Hearn CFO (Eff. 01/25) 40.00
Officer
$84,476 $4,247 $88,723
Jody Bieker Physician 40.00
Highest
$389,448 $36,338 $425,786
Scott Bledsoe Physician 40.00
Highest
$365,581 $36,324 $401,905
Clayton Fetsch Physician 40.00
Highest
$348,389 $43,182 $391,571
Ruth Lehman Wiens Physician 40.00
Highest
$330,204 $40,954 $371,158
Kimberly Janzen Physician 40.00
Highest
$285,631 $33,231 $318,862
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 $48,604,087 $46,939,171 $27,309,157 $1,664,916
2024 $45,262,404 $45,668,171 $25,929,690 $-405,767
2023 $42,670,082 $45,464,362 $25,499,569 $-2,794,280
2022 $44,228,376 $43,896,120 $29,131,562 $332,256
2021 $43,682,438 $37,113,375 $30,869,943 $6,569,063
2020 $32,075,773 $33,488,964 $28,983,135 $-1,413,191
2019 $35,149,117 $32,386,819 $19,889,999 $2,762,298
2018 $30,983,483 $30,751,169 $20,076,365 $232,314
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