Bryan Hospital Kearney

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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

2021

Legal Domicile

Phone

3084553600

Tax Period

2024-01-01 to 2024-12-31

Bryan Hospital Kearney, founded in 2021, is a major nonprofit in the Health Care sector that reported $172.6M in total revenue in fiscal year 2024.

Mission

KEARNEY REGIONAL MEDICAL CENTER IS DEDICATED TO IMPROVING THE HEALTH OF PATIENTS BY DELIVERING EXPERT MEDICAL CARE THAT IS PHYSICIAN GUIDED AND PEOPLE CENTERED.

Program Service Accomplishments

Program 1

Expenses: $177,073,244 Revenue: $171,779,613

KEARNEY REGIONAL MEDICAL CENTER ("KRMC"), IS A HOSPITAL ORGANIZATION LOCATED IN KEARNEY, NEBRASKA, AND IS PART OF THE BRYAN HEALTH SYSTEM. KRMC WAS INCORPORATED ON OCTOBER 26, 2021 WITH THE HOSPITAL OPERATIONS COMMENCING ON JANUARY 1, 2022. KRMC OPERATES A 93 LICENSED BED HOSPITAL AND A MEDICAL CLINIC THAT PROVIDES ROUTINE CARE AND EXAMS ALONG WITH SPECIALITY CARE AND SURGERY. IN 2024, KRMC PROVIDED HEALTHCARE SERVICES TO THE GENERAL PUBLIC AND OPERATED ROUTINE SERVICE BEDS, TOTALING 14,637 PATIENT DAYS, EMERGENCY ROOM VISITS OF 9,853 AND 661 DELIVERIES. THE HOSPITAL PROVIDED CHARITY CARE TO 1,346 PATIENTS IN THE AMOUNT OF $2,374,259.

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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 (2024)

Revenue Breakdown

Contributions & Grants $478,416

Program Service Revenue $171,779,613

Investment Income $44,690

Other Revenue $289,062

TOTAL REVENUE $172,591,781

Expense Breakdown

Grants Paid $39,787

Salaries & Benefits $65,681,396

Fundraising Expenses $0

Program Expenses $177,073,244

Other Expenses $115,571,489

TOTAL EXPENSES $181,292,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,591,781	$163,253,423	+0.1%
Expenses	$181,292,672	$174,468,418	+0.0%
Net Income	$-8,700,891	$-11,214,995	-0.2%

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

961

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

$971,913

Total Directors

$3,080,408

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BENAVIDES MD	SECRETARY	1.0	Officer Director	$0	$0	$0
JEFF HINRICHS	CHAIR	1.0	Officer Director	$0	$0	$0
JOEY COCHRAN	TREASURER	1.0	Officer Director	$0	$0	$0
BRENDA BENJAMIN	DIRECTOR	1.0	Director	$0	$0	$0
JOHN WOODRICH	EX-OFFICIO MEMBER	1.0	Director	$0	$43,212	$1,302,931
KARI NICKMAN	DIRECTOR	1.0	Director	$0	$0	$0
MERLIN WEHLING MD	DIRECTOR	1.0	Director	$0	$0	$0
MIKE MORGAN	DIRECTOR	1.0	Director	$0	$0	$0
RUSSELL GRONEWOLD	EX-OFFICIO MEMBER	1.0	Director	$0	$50,173	$1,777,477
SCOTT SMITH MD	DIRECTOR	1.0	Director	$0	$0	$0
SEAN DENNEY MD	DIRECTOR	1.0	Director	$0	$0	$0
DANNY VAN RANKEN	KRMC CHIEF OPERATING OFFICER	50.0	Officer	$287,152	$41,817	$328,969
DERICK LORENTZ	CFO (EFFECTIVE 10/24/2024)	10.0	Officer	$53,415	$53,963	$316,185
DOUGLAS KOCH	KRMC CHIEF EXECUTIVE OFFICER EFFECTIVE 8/5/2024	50.0	Officer	$141,456	$17,031	$158,487
WILLIAM CALHOUN	KRMC CHIEF EXECUTIVE OFFICER, RESIGNED 1/26/2024	50.0	Officer	$153,199	$15,073	$168,272
DENISE MURRY-PORTER RN	RN ANESTHETIST	50.0	Highest	$165,627	$20,216	$185,843
KATY FISHER RN	RN ANESTHETIST LEAD	50.0	Highest	$367,800	$23,077	$390,877
MATTHEW WECKER RN	RN ANESTHETIST	50.0	Highest	$318,676	$50,169	$368,845
PATRICK DAVIDSON RN	RN ANESTHETIST	50.0	Highest	$347,942	$33,890	$381,832
THOMAS MCLEOD	ADMINISTRATOR OF CLINIC AND PROVIDER	50.0	Highest	$270,903	$53,138	$324,041
JON PEPPMULLER	CONTROLLER - BRYAN HEALTH	0.0		$0	$43,094	$378,702

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	$172,591,781	$181,292,672	$384,908,443	$-8,700,891
2023	$163,253,423	$174,468,418	$363,153,438	$-11,214,995
2022	$147,248,810	$160,048,094	$366,567,769	$-12,799,284