WYOMING HOSPITAL ASSOCIATION

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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

1970

Legal Domicile

Principal Officer

ERIC BOLEY

Phone

3076329344

Tax Period

2023-01-01 to 2023-12-31

WYOMING HOSPITAL ASSOCIATION, founded in 1970, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE LEADERSHIP, REPRESENTATION AND ADVOCACY FOR WYOMING HOSPITALS. TO PROMOTE INFORMATION AND EDUCATION THROUGH LEADERSHIP AND COLLABORATION AMONG ALL HEALTHCARE PROVIDERS THAT ENABLES WYOMING HOSPITALS TO DELIVER HIGH QUALITY, ADEQUATELY FINANCED/COST-EFFECTIVE HEALTH CARE THAT IS UNIVERSALLY ACCESSIBLE TO ALL WYOMING CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $535,188 Revenue: $528,583

THE UPPER PAYMENT LIMIT (UPL) PROGRAM WAS ESTABLISHED IN RESPONSE TO THE WYOMING PRIVATE HOSPITALS' AGREEMENT TO SHARE MONIES PAID BY THE FEDERAL GOVERNMENT AND DIVIDED AMONG 8 PRIVATE HOSPITALS. THE PRIVATE HOSPITALS AGREED TO SHARE THESE MONIES WITH ALL THE HOSPITALS AROUND THE STATE IN ORDER TO GIVE EACH HOSPITAL A MORE EQUITABLE SHARE WITH SUCH PAYMENTS. THE ASSOCIATION ACTS AS THE INTERMEDIARY/PAYING AGENT FOR THESE FUNDS. RECEIPTS AND DISBURSEMENTS ARE ALLOCATED TO HOSPITALS BASED ON A PRE-DETERMINED FORMULA PROVIDED BY THE ASSOCIATION'S ATTORNEY.

Program 2

Expenses: $497,390

REPRESENTATION, ADVOCACY AND CONSULTING FOR MEMBER HOSPITALS.

Program 3

Expenses: $418,208

HOSPITAL NETWORK CONSISTING OF 26 HOSPITALS IN WYOMING COMPOSED OF 16 CRITICAL ACCESS HOSPITALS, 9 GENERAL ACUTE CARE HOPSITALS AND 1 PYSCHIATRIC HOSPITAL. THE ASSOCIATION WAS FORMED FOR THE PURPOSES OF SHARING RESOURCES, CONTINUING EDUCATION, PROMOTING OPERATIONAL EFFICIENCIES, AND IMPROVING HEALTH CARE SERVICES FOR MEMBER HOSPITALS AND THE RURAL COMMUNITIES THEY SERVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,443,289

Program Service Revenue $807,927

Investment Income $84,971

Other Revenue $25,250

TOTAL REVENUE $2,361,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $804,358

Fundraising Expenses $0

Program Expenses $2,194,889

Other Expenses $1,604,361

TOTAL EXPENSES $2,408,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,361,437	$30,131,441	-0.9%
Expenses	$2,408,719	$29,887,006	-0.9%
Net Income	$-47,282	$244,435	-1.2%

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

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

$595,185

Total Directors

Key Employees

$206,364

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC BOLEY	PRESIDENT	40.00	Officer	$365,573	$73,518	$439,091
JOSHUA HANNES	VICE PRESIDE	40.00	Key Emp	$191,744	$14,620	$206,364
BARRY BURKART	CFO	40.00	Officer	$102,021	$54,073	$156,094
TIM THORNELL	CHAIR	1.00	Officer Director	$0	$0	$0
ZACH MILLER	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
IRENE RICHARDSON	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
MIKE MCCAFFERTY	PAST CHAIR	1.00	Officer Director	$0	$0	$0
MIKE SHAHAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MCMILLAN	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$2,361,437	$2,408,719	$3,435,235	$-47,282
2022	$30,131,441	$29,887,006	$5,273,421	$244,435
2021	$39,324,573	$38,747,996	$13,654,698	$576,577
2020	$7,862,572	$7,817,190	$4,686,425	$45,382
2019	$3,321,791	$3,213,269	$3,677,410	$108,522
2018	$3,079,660	$2,857,011	$2,997,136	$222,649