RANSOM MEMORIAL HOSPITAL CHARITABLE ASSOCIATION INC

EIN: 481097527 501(c)(3) Health Care

OTTAWA, KS

Total Revenue
$255,341
Total Expenses
$359,202
Total Assets
$1,532,571
Net Assets
$1,532,571
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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

Principal Officer
VANCE FINCH
Phone
7852482911
Tax Period
2024-01-01 to 2024-12-31

RANSOM MEMORIAL HOSPITAL CHARITABLE ASSOCIATION INC is a small nonprofit in the Health Care sector that reported $255K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $359K exceeded revenue, resulting in a 41% operating deficit.

Mission

RECEIVE GIFTS FOR ADVENTHEALTH OTTAWA HOSPITAL.

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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 $96,944
Program Service Revenue $0
Investment Income $162,822
Other Revenue $-4,425
TOTAL REVENUE $255,341

Expense Breakdown

Grants Paid $335,146
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $349,334
Other Expenses $24,056
TOTAL EXPENSES $359,202

Year-over-Year Comparison

2024 2023 Change
Revenue $255,341 $284,744 -0.1%
Expenses $359,202 $77,762 +3.6%
Net Income $-103,861 $206,982 -1.5%
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
10
Independent Members
10
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA CAYLOR DIRECTOR N/A
Director
$0 $0 $0
DEREK CHAPPELL DIRECTOR N/A
Director
$0 $0 $0
VANCE FINCH TREASURER N/A
Officer Director
$0 $0 $0
RYAN HENNINGSEN PRESIDENT N/A
Officer Director
$0 $0 $0
JODY LANCASTER DIRECTOR N/A
Director
$0 $0 $0
LAURIE MCCORMACK EXECUTIVE DI N/A
Officer Director
$0 $0 $0
DAVID NEISWENDER DIRECTOR N/A
Director
$0 $0 $0
LAURA RHEA VICE PRESIDE N/A
Officer Director
$0 $0 $0
JEN SIMPSON SECRETARY N/A
Officer Director
$0 $0 $0
LYNDSEY SYLVESTER DIRECTOR N/A
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 $255,341 $359,202 $1,532,571 $-103,861
2023 $301,423 $77,762 $1,636,432 $223,661
2022 $588,622 $623,174 $1,428,961 $-34,552
2021 $207,706 $225,834 $1,465,343 $-18,128
2020 $155,512 $105,782 $1,488,615 $49,730
2019 $585,283 $158,307 $1,415,721 $426,976
2018 $236,363 $108,866 $988,745 $127,497
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