BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY (EIN 823923875) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

Jason Merkley

Phone

6056969000

Tax Period

2025-01-01 to 2025-12-31

BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY, founded in 2017, is a small nonprofit in the Health Care sector that reported $346K in total revenue in fiscal year 2018. The organization ran a surplus of $313K, a strong 90% operating margin.

Mission

To support the City of Brookings dba Brookings Health System.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,777,491

Other Revenue $0

TOTAL REVENUE $4,777,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $159,457

TOTAL EXPENSES $159,457

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,777,491	$3,929,747	+0.2%
Expenses	$159,457	$133,548	+0.2%
Net Income	$4,618,034	$3,796,199	+0.2%

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

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

$958,991

Total Directors

$60,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Merkley	CEO of Brookings Health System	0.1	Officer	$0	$75,548	$742,660
Melissa Wagner	CFO of Brookings Health System	0.1	Officer	$0	$36,701	$207,331
Shelby Eischens MD	director	0.1	Director	$0	$0	$37,748
Lynn Darnall	President	0.1	Officer Director	$0	$0	$3,600
David Meyer DDS	Vice President	0.10	Officer Director	$0	$0	$2,700
Mary Anne Krogh	Secretary	0.1	Officer Director	$0	$0	$2,700
Sheila Anderson	Past President	0.1	Director	$0	$0	$2,700
Jenn Barlund	director	0.1	Director	$0	$0	$2,700
Tracy Greene	director	0.1	Director	$0	$0	$2,700
Don Greiner	director	0.1	Director	$0	$0	$2,700
Dave Jones	director	0.1	Director	$0	$0	$2,700

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	$4,777,491	$159,457	$81,861,613	$4,618,034
2024	$3,929,747	$133,548	$70,715,547	$3,796,199
2023	$3,251,178	$120,415	$59,495,858	$3,130,763
2022	$564,726	$110,814	$53,462,459	$453,912
2021	$1,647,115	$114,060	$45,747,413	$1,533,055
2020	$-1,785,256	$79,429	$36,815,509	$-1,864,685
2018	$345,793	$33,262	$24,292,003	$312,531

BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY