HUTCHINSON HEALTH (EIN 841715908) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

JAMES P LYONS

Phone

3202345000

Tax Period

2023-01-01 to 2023-12-31

HUTCHINSON HEALTH, founded in 2007, is a major nonprofit in the Health Care sector that reported $102.3M in total revenue in fiscal year 2023. Expenses of $99.1M left a modest 3% surplus.

Mission

ADVANCING HEALTH WITH OUR COMMUNITY OF HUTCHINSON, MINNESOTA AND THE SURROUNDING AREA.

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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 $1,815,077

Program Service Revenue $97,402,984

Investment Income $2,543,146

Other Revenue $557,043

TOTAL REVENUE $102,318,250

Expense Breakdown

Grants Paid $17,928

Salaries & Benefits $68,778,711

Fundraising Expenses $0

Program Expenses $86,509,800

Other Expenses $30,273,108

TOTAL EXPENSES $99,069,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,318,250	$95,451,677	+0.1%
Expenses	$99,069,747	$90,496,599	+0.1%
Net Income	$3,248,503	$4,955,078	-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

673

Volunteers

129

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

$2,575,622

Total Directors

$3,728,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT W JUERGENSEN	DIRECTOR & TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL MAHON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT A STAPLES MD	DIRECTOR & CHAIR	1.00	Officer Director	$0	$0	$0
MARK R SANNES MD	DIRECTOR	1.00	Director	$0	$169,547	$1,169,434
CATHERINE KATE A KLUGHERZ	DIRECTOR	1.00	Director	$0	$123,287	$602,862
JAMES P LYONS	PRESIDENT & DIRECTOR	40.00	Officer Director	$0	$80,939	$462,214
CHRISTINA MOSES MD	DIRECTOR	1.00	Director	$0	$0	$0
PAM FISHER MD	DIR & CHIEF MED STAFF	1.00	Director	$0	$0	$0
DAVID BYRON MD	DIRECTOR & SECRETARY	1.00	Officer Director	$0	$0	$0
NICOLE VANDENBERG MD	DIRECTOR	1.00	Director	$0	$0	$0
DOUG HANNEMAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC LIPKE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ZILGE	DIRECTOR	1.00	Director	$0	$50,019	$401,426
LENNIE ALBERS	DIRECTOR (JAN-DEC)	1.00	Director	$0	$0	$0
JAMES EPPEL	DIRECTOR (JAN-MAR)	1.00	Director	$0	$62,758	$1,092,724
PAMELA J LARSON	VP & CFO	60.00	Officer	$276,928	$45,394	$322,322
SUSAN J KARNITZ	VP PATIENT CARE & CNO	40.00	Officer	$216,497	$47,014	$263,511
TARA A DRAHOS	CHIEF OF CLINIC OPERATIONS	50.00	Officer	$185,695	$43,899	$229,594
BRIAN POLLMANN DO	CHIEF MEDICAL OFFICER	1.00	Officer	$0	$0	$0
MICHELLE R MAJERUS	VP OF OPERATIONS	55.00	Officer	$207,531	$40,504	$248,035
NANCY L EVERT	ASST. SECRETARY & GENERAL COUNSEL	1.00	Officer	$0	$238,674	$1,049,946
LAVANYA O BHOOPATHY	PHYSICIAN	40.00	Highest	$413,060	$65,801	$478,861
AMANDA R BLACK	PSYCHIATRIST	70.00	Highest	$338,477	$53,785	$392,262
STEVEN F SONNEK	PSYCHIATRIST	60.00	Highest	$598,142	$96,950	$695,092
NAVIN X NATARAJAN	PSYCHIATRIST	55.00	Highest	$347,278	$84,419	$431,697
HASSAN O KHIDR	PSYCHIATRIST	50.00	Highest	$307,277	$53,082	$360,359

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	$102,318,250	$99,069,747	$106,188,072	$3,248,503
2022	$95,451,677	$90,496,599	$96,428,945	$4,955,078
2021	$98,923,627	$83,878,971	$100,932,571	$15,044,656
2020	$84,470,809	$78,312,895	$98,676,128	$6,157,914
2019	$82,905,314	$80,817,751	$79,288,674	$2,087,563
2018	$94,532,203	$86,635,222	$63,527,393	$7,896,981

HUTCHINSON HEALTH