Platte Valley Healthcare Project

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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

2019

Legal Domicile

Principal Officer

Will F Faust

Phone

3073298486

Tax Period

2021-07-01 to 2022-06-30

Platte Valley Healthcare Project, founded in 2019, is a community nonprofit in the Health Care sector that reported $5.3M in total revenue in fiscal year 2021. Revenue surged 508% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 36% operating margin.

Mission

To ensure the sustainability and viability of our local healthcare system in the Upper North Platte River Valley, which encompasses the Wyoming communities of Encampment, Riverside, Ryan Park, and Saratoga.

Program Service Accomplishments

Program 1

Expenses: $243,092

Facilitate fundraising efforts to plan and build a rural critical access hospital that will more sustainably serve the needs of our community.

Program 2

Expenses: $2,143,475 Revenue: $2,894,556

Saratoga Care Center is a long term care facility for the residents of Saratoga and the surrounding area.

Program 3

Expenses: $362,870 Revenue: $172,837

Laramie Peak Therapies offers physical therapy, occupational therapy, and speech pathology to Saratoga Care Center, residents of Saratoga, 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 (2021)

Revenue Breakdown

Contributions & Grants $2,140,151

Program Service Revenue $2,451,782

Investment Income $52,859

Other Revenue $615,611

TOTAL REVENUE $5,260,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,813,004

Fundraising Expenses $39,390

Program Expenses $2,749,437

Other Expenses $1,564,744

TOTAL EXPENSES $3,377,748

Year-over-Year Comparison

	2021	2020	Change
Revenue	$5,260,403	$864,782	+5.1%
Expenses	$3,377,748	$390,268	+7.7%
Net Income	$1,882,655	$474,514	+3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Will F Faust	Chair	7.00	Officer Director	$0	$0	$0
Sonja J Collamer	Vice Chair	2.50	Officer Director	$0	$0	$0
George R Haigh	Secretary	2.50	Officer Director	$0	$0	$0
Irene Archibald	Treasurer	7.00	Officer Director	$0	$0	$0
Teense Willford	Director	1.40	Director	$0	$0	$0
Leslie D McLinsky	Director	0.70	Director	$0	$0	$0
Adam Clark	Director	0.70	Director	$0	$0	$0
Jeff Mincy	CEO	40.00	Officer	$0	$0	$0
Donna Pratt	CFO	6.00	Officer	$0	$0	$0
Adrian S Durham	Physician	40.00	Highest	$198,009	$0	$198,009
Ruby L Ayres	Nurse Practioner	40.00	Highest	$150,629	$19,539	$170,168
Tammy A Lane	Physical Therapist	40.00	Highest	$112,965	$3,389	$116,354
Linda M Smith	RN	40.00	Highest	$108,298	$3,249	$111,547
Bradley L Ferguson	Physical Therapist	40.00	Highest	$106,309	$11,200	$117,509

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
2023	No data	No data	No data	No data
2022	$5,260,403	$3,377,748	$17,536,995	$1,882,655
2021	$864,782	$390,268	$4,212,131	$474,514
2020	$4,578,299	$1,486,084	$3,064,133	$3,092,215