LOGAN HEALTH - CUT BANK - 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

2001

Legal Domicile

Principal Officer

COLE TURNER

Phone

4067515759

Tax Period

2022-04-01 to 2023-03-31

LOGAN HEALTH - CUT BANK, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $12.8M in total revenue in fiscal year 2022. Revenue surged 125% from the prior year, signaling strong growth momentum. Expenses of $11.8M left a modest 8% surplus.

Mission

LOGAN HEALTH - CUT BANK PROVIDES QUALITY HEALTHCARE THAT SERVES OUR COMMUNITIES IN A PRIVATE, SAFE, AND CARING ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $8,945,321 Revenue: $12,700,616

LOGAN HEALTH CUT BANK IS A 20-BED 501(C)(3), NON-PROFIT COMMUNITY CRITICAL ACCESS HOSPITAL LOCATED IN CUT BANK, MONTANA. THE HOSPITAL SERVES GLACIER COUNTY AND SURROUNDING COMMUNITIES PROVIDING...

LOGAN HEALTH CUT BANK IS A 20-BED 501(C)(3), NON-PROFIT COMMUNITY CRITICAL ACCESS HOSPITAL LOCATED IN CUT BANK, MONTANA. THE HOSPITAL SERVES GLACIER COUNTY AND SURROUNDING COMMUNITIES PROVIDING EMERGENCY CARE, ACUTE CARE, SKILLED SWING BED SERVICES, OUTPATIENT DIAGNOSTIC AND THERAPY SERVICES, PRIMARY CARE, ENDOSCOPY AND OTHER 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $64,568

Program Service Revenue $12,322,483

Investment Income $5,792

Other Revenue $383,733

TOTAL REVENUE $12,776,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,682,104

Fundraising Expenses $0

Program Expenses $8,945,321

Other Expenses $5,111,925

TOTAL EXPENSES $11,794,029

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,776,576	$5,690,436	+1.2%
Expenses	$11,794,029	$5,762,824	+1.0%
Net Income	$982,547	$-72,388	-14.6%

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

127

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

$2,880,048

Total Directors

$389,293

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY CLAY MD	TRUSTEE	50.00	Director	$357,809	$31,484	$389,293
RICK BILLMAN	CHAIR	1.00	Officer Director	$0	$0	$0
LON PETERSON	VICE CHAIR	0.75	Officer Director	$0	$0	$0
JOYCE LEWIS	SECRETARY	0.50	Officer Director	$0	$0	$0
GAIL DAVIS	TRUSTEE	0.75	Director	$0	$0	$0
RICHARD GANNON	TRUSTEE	0.50	Director	$0	$0	$0
MARK HAEMIG DDS	TRUSTEE	0.75	Director	$0	$0	$0
LINDA LUTHER	TRUSTEE	0.50	Director	$0	$0	$0
BRIAN SUTTLE	TRUSTEE	0.50	Director	$0	$0	$0
CRAIG LAMBRECHT MD	SYSTEM CEO	1.00	Officer	$0	$37,864	$1,287,919
CRAIG BOYER	SYSTEM CFO PART YEAR	1.00	Officer	$0	$24,842	$697,064
COLE TURNER	SYSTEM CFO	1.00	Officer	$0	$5,739	$459,472
CHERIE TAYLOR	PRESIDENT	50.00	Officer	$235,716	$27,348	$263,064
TREASURE BERKRAM	CFO	50.00	Officer	$154,609	$17,920	$172,529
BOBBY LUCAS	NURSE PRACTITIONER	50.00	Highest	$203,681	$12,001	$215,682
RYNDEE HAMILTON	PHARMACIST	50.00	Highest	$181,489	$19,520	$201,009
ERIC SIEVERS	NURSE PRACTITIONER	50.00	Highest	$179,341	$20,820	$200,161
CHAD SIEVERS	PHYSICIAN ASSISTANT	50.00	Highest	$153,446	$24,640	$178,086
STANLEY BRAMMEIER	NURSE PRACTITIONER	50.00	Highest	$136,608	$24,142	$160,750

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	No data	No data	No data	No data
2023	$9,420,428	$9,284,268	$11,576,728	$136,160
2023	$12,776,576	$11,794,029	$10,392,490	$982,547
2022	$5,690,436	$5,762,824	$8,230,533	$-72,388
2021	$11,501,169	$9,321,169	$11,204,220	$2,180,000
2020	$10,545,230	$8,538,504	$8,840,704	$2,006,726
2019	$9,295,929	$8,971,025	$3,751,049	$324,904
2018	$8,811,967	$9,684,841	$3,508,410	$-872,874
2018	$8,811,967	$9,684,841	$3,508,410	$-872,874

LOGAN HEALTH - CUT BANK