METHODIST FREMONT HEALTH

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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

2018

Legal Domicile

Principal Officer

BRETT RICHMOND

Phone

4023544840

Tax Period

2023-01-01 to 2023-12-31

METHODIST FREMONT HEALTH, founded in 2018, is a major nonprofit in the Health Care sector that reported $156.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $25.0M, a strong 16% operating margin.

Mission

THE MISSION OF METHODIST FREMONT HEALTH IS TO IMPROVE THE QUALITY OF LIFE BY CARING FOR THE BODY AND MIND. METHODIST FREMONT HEALTH SUPPORTS ITS MISSION OF CARING FOR PEOPLE THROUGH THE PROVISION OF INPATIENT AND OUTPATIENT HOSPITAL SERVICES ON ITS MAIN CAMPUS AT 450 E 23RD STREET, FREMONT, NEBRASKA AND AT VARIOUS SATELLITE LOCATIONS THROUGHOUT SOUTHEAST NEBRASKA.

Program Service Accomplishments

Program 1

Expenses: $14,875,369 Revenue: $20,271,253

THE METHODIST FREMONT HEALTH MEDICAL CENTER SURGICAL STAFF IS A SEASONED GROUP OF PROFESSIONALS WITH YEARS OF EXPERIENCE AND NUMEROUS CERTIFICATIONS. FROM GENERAL SURGERY TO VASCULAR SURGERY...

THE METHODIST FREMONT HEALTH MEDICAL CENTER SURGICAL STAFF IS A SEASONED GROUP OF PROFESSIONALS WITH YEARS OF EXPERIENCE AND NUMEROUS CERTIFICATIONS. FROM GENERAL SURGERY TO VASCULAR SURGERY, METHODIST FREMONT HEALTH OFFERS A WIDE RANGE OF SERVICES AND EXPERTISE TO THE COMMUNITY.UNIQUE TO METHODIST FREMONT HEALTH, GREENLIGHT PVP (PHOTO-SELECTIVE VAPORIZATION OF THE PROSTATE) IS A NEW, MINIMALLY INVASIVE SURGICAL TECHNIQUE FOR TREATING BENIGN PROSTATIC HYPERPLASIA (BPH), OR ENLARGEMENT OF THE PROSTATE. GREENLIGHT PVP UTILIZES A SPECIALLY DESIGNED LASER LIGHT SOURCE AND FIBER OPTIC DELIVERY SYSTEM TO IMMEDIATELY VAPORIZE AND PRECISELY REMOVE ENLARGED PROSTATE TISSUE. THE PROCEDURE COMBINES THE IMMEDIATE SYMPTOM RELIEF AND THE DRAMATIC FLOW RATE IMPROVEMENTS OF THE CURRENT "GOLD STANDARD PROCEDURE (CALLED TURP OR TRANS-URETHRAL RESECTION OF THE PROSTATE) WITH MINIMAL SIDE EFFECTS, FAST OPERATIVE AND RECOVERY TIMES, AND USUALLY NO NEED FOR A CATHETER AFTER SURGERY.

Program 2

Expenses: $6,353,687 Revenue: $8,658,419

IF A HIGHER LEVEL OF CARE IS NECESSARY DURING A PATIENT'S STAY AT METHODIST FREMONT HEALTH, THE ICU TEAM PROVIDES TOP-NOTCH CARE AND OUR TELEMETRY SERVICES THROUGHOUT THE HOSPITAL KEEP PATIENT CARE...

Program 3

Expenses: $3,750,128 Revenue: $5,110,447

METHODIST FREMONT HEALTH OFFERS A FULL RANGE OF HEART AND VASCULAR SERVICES FROM AN EMERGENCY DEPARTMENT READY WITH THE LATEST CHEST-PAIN PROTOCOLS, TO COMPREHENSIVE CARDIAC DIAGNOSTICS, TO A...

METHODIST FREMONT HEALTH OFFERS A FULL RANGE OF HEART AND VASCULAR SERVICES FROM AN EMERGENCY DEPARTMENT READY WITH THE LATEST CHEST-PAIN PROTOCOLS, TO COMPREHENSIVE CARDIAC DIAGNOSTICS, TO A STATE-OF-THE-ART CARDIOVASCULAR CATHETERIZATION LAB.THE CARDIAC CATH LAB PROVIDES SOPHISTICATED DIAGNOSTIC AND INTERVENTIONAL TREATMENT OF CARDIAC AND PERIPHERAL VASCULAR DISEASES. THE CUTTING-EDGE SYSTEM PROVIDES HIGHER RESOLUTION IMAGES AND RESULTS IN LESS RADIATION EXPOSURE.AT METHODIST FREMONT HEALTH, CARDIOLOGISTS ARE FELLOWSHIP-TRAINED, BOARD-CERTIFIED AND HIGHLY SKILLED IN TREATING A FULL RANGE OF HEART AND VASCULAR PROBLEMS, DISEASES, AND CONDITIONS.THE GOAL OF METHODIST FREMONT HEALTH'S CONGESTIVE HEART FAILURE OUTPATIENT PROGRAM IS TO OPTIMIZE THE HEALTH STATUS OF ADVANCED STAGE CHF PATIENTS WITH A FOCUS ON MEDICAL COMPLIANCE OF MEDICATION, DIET, PATIENT AND FAMILY EDUCATION, EXERCISE AND RISK FACTOR REDUCTION.A CARDIOVASCULAR CASE MANAGER REGISTERED NURSE (RN) IDENTIFIES CHF PATIENTS THROUGH HOSPITAL ADMISSIONS AND PHYSICIAN REFERRALS. THEY ARE FOLLOWED AS OUTPATIENTS WITH PHONE CALLS AND/OR OUTPATIENT VISITS ON A REGULAR BASIS.

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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 $360,685

Program Service Revenue $151,812,457

Investment Income $2,920,246

Other Revenue $1,345,054

TOTAL REVENUE $156,438,442

Expense Breakdown

Grants Paid $4,426,123

Salaries & Benefits $74,862,281

Fundraising Expenses $0

Program Expenses $115,552,086

Other Expenses $52,132,623

TOTAL EXPENSES $131,421,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$156,438,442	$143,441,136	+0.1%
Expenses	$131,421,027	$124,749,250	+0.1%
Net Income	$25,017,415	$18,691,886	+0.3%

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

980

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

$2,454,286

Total Directors

$984,267

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE DIX DO	DIRECTOR	40.00	Director	$374,009	$55,586	$429,595
MONTY SELLON MD	CHAIRMAN	1.00	Officer Director	$509,652	$45,020	$554,672
KENNETH BEEBE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVEN NAVARRETTE	TREASURER	1.00	Officer Director	$0	$0	$0
JODY HORNER	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM LAMPRECHT DDS	DIRECTOR	1.00	Director	$0	$0	$0
BRET GRIESS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BIXBY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS WARING MD	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY FRANCIS	CFO	1.00	Officer	$0	$148,176	$807,910
BRETT RICHMOND	PRESIDENT	40.00	Officer	$0	$104,208	$534,670
MELINDA KENTFIELD	CHIEF NURSING OFFICER	40.00	Officer	$0	$48,970	$261,132
SHAUN CUSTARD	VICE PRESIDENT	40.00	Officer	$0	$59,468	$295,902
ANDRE FLAMME MD	PHYSICIAN	40.00	Highest	$463,611	$60,317	$523,928
JAMES SORRELL MD	PHYSICIAN	40.00	Highest	$466,659	$49,988	$516,647
JAMES THIEHEN MD	PHYSICIAN	40.00	Highest	$379,379	$23,448	$402,827
ELLIOTT MILLER MD	PHYSICIAN	40.00	Highest	$429,457	$57,666	$487,123
LISA MURRAY MD	PHYSICIAN	40.00	Highest	$489,210	$26,914	$516,124

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	$156,438,442	$131,421,027	$146,117,852	$25,017,415
2022	$143,441,136	$124,749,250	$131,024,993	$18,691,886
2021	$145,158,192	$114,472,494	$135,384,314	$30,685,698
2020	$124,306,426	$112,088,575	$109,967,706	$12,217,851
2019	$124,148,965	$105,839,332	$88,468,951	$18,309,633
2018	$29,238,668	$28,190,442	$73,531,437	$1,048,226