LOGAN HEALTH - SHELBY (EIN 862327525) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

KEVIN ABEL

Phone

4067515759

Tax Period

2024-01-01 to 2024-12-31

LOGAN HEALTH - SHELBY, founded in 2021, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $15.8M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

LOGAN HEALTH SHELBY IS A 21-BED 501(C)(3), NON-PROFIT, COMMUNITY CRITICAL ACCESS HOSPITAL LOCATED IN SHELBY, MONTANA. THE HOSPITAL SERVES TOOLE COUNTY AND SURROUNDING COMMUNITIES PROVIDING EMERGENCY CARE, ACUTE CARE, SKILLED SWING BED SERVICES, OUTPATIENT DIAGNOSTIC AND THERAPY SERVICES, SURGICAL AND OTHER SERVICES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,591

Program Service Revenue $15,750,376

Investment Income $-20,003

Other Revenue $27,020

TOTAL REVENUE $15,797,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,317,792

Fundraising Expenses $0

Program Expenses $14,927,995

Other Expenses $8,556,771

TOTAL EXPENSES $15,874,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,797,984	$10,945,511	+0.4%
Expenses	$15,874,563	$9,876,814	+0.6%
Net Income	$-76,579	$1,068,697	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$8,932,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN HARWOOD	CHAIR	2.00	Officer Director	$0	$0	$0
JADE GOROSKI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BILLIETTE COOLIDGE	TRUSTEE	1.00	Director	$0	$0	$0
MARIGAIL ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON MCALLISTER	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG LAMBRECHT MD	SYSTEM CEO (UNTIL 3/11/2024)	1.00	Officer	$0	$24,583	$1,740,052
COLE TURNER	SYSTEM CFO (UNTIL 4/26/2024)	1.00	Officer	$0	$5,974	$1,953,756
VICKI NEWMILLER	PRESIDENT	20.00	Officer	$365,330	$26,183	$391,513
BRIGID BURKE	CFO	1.00	Officer	$0	$31,921	$465,083
KEVIN ABEL	CEO	1.00	Officer	$0	$38,583	$1,024,934
CLINTON SEGER MD	SYSTEM CO-CEO	1.00	Officer	$0	$43,294	$1,206,892
WILLIAM GIBSON	CLO/SECRETARY	1.00	Officer	$0	$38,623	$839,845
JUSTIN OTT	CIO	1.00	Officer	$0	$47,594	$488,906
ELLEN LAYTON	CAO	1.00	Officer	$0	$51,195	$822,018
JARED WEISHAAR	ADVANCED PRACTICE PROVIDER	50.00	Highest	$279,690	$33,816	$313,506
GREG BASYE	ADVANCED PRACTICE PROVIDER	50.00	Highest	$250,350	$26,366	$276,716
VICKI LEAR	ADVANCED PRACTICE PROVIDER	50.00	Highest	$246,904	$20,057	$266,961
STEPHEN MILHEIM MD	PHYSICIAN	50.00	Highest	$231,003	$21,012	$252,015
CARRIE TAYLOR	DIRECTOR CLINICAL SERVICES	50.00	Highest	$154,233	$25,015	$179,248

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	$15,797,984	$15,874,563	$10,132,628	$-76,579
2023	$12,246,556	$11,510,950	$8,657,923	$735,606
2023	$10,945,511	$9,876,814	$8,509,936	$1,068,697
2022	$9,872,273	$9,984,394	$10,902,864	$-112,121

LOGAN HEALTH - SHELBY