NEVADA HOSPITAL ASSOCIATION INC

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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

1971

Legal Domicile

Principal Officer

PATRICK D KELLY

Phone

7758270184

Tax Period

2024-01-01 to 2024-12-31

NEVADA HOSPITAL ASSOCIATION INC, founded in 1971, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024. The organization ran a surplus of $945K, a strong 17% operating margin.

Mission

TO ASSIST ITS MEMBERS IN FULFILLING THEIR RESPECTIVE MISSIONS OF PROVIDING HIGH QUALITY, HIGH VALUE HEALTHCARE SERVICES TO THEIR COMMUNITIES. THE ASSOCIATION STRIVES TO BE AN EFFECTIVE ADVOCATE FOR IMPROVING THE EFFICIENCY AND ACCESSIBILITY OF THE HEALTHCARE DELIVERY SYSTEM AND THE HEALTH STATUS OF NEVADA'S POPULATION.

Program Service Accomplishments

Program 1

NEVADA HOSPITAL ASSOCIATION, INC. (ASSOCIATION) WAS INCORPORATED IN 1971 TO ASSIST ITS MEMBERS, COMPRISED OF HOSPITALS LOCATED IN NEVADA, AND TO WORK COLLABORATIVELY WITH ITS ASSOCIATE MEMBERS...

NEVADA HOSPITAL ASSOCIATION, INC. (ASSOCIATION) WAS INCORPORATED IN 1971 TO ASSIST ITS MEMBERS, COMPRISED OF HOSPITALS LOCATED IN NEVADA, AND TO WORK COLLABORATIVELY WITH ITS ASSOCIATE MEMBERS, COMPRISED OF OTHER HEALTH SERVICES ENTITIES LOCATED IN NEVADA, IN FULFILLING THEIR RESPECTIVE MISSIONS OF PROVIDING HIGH QUALITY, HIGH VALUE HEALTHCARE SERVICES TO THEIR COMMUNITIES. THE ASSOCIATION STRIVES TO BE AN EFFECTIVE ADVOCATE FOR IMPROVING THE EFFICIENCY AND ACCESSIBILITY OF THE HEALTHCARE DELIVERY SYSTEMS AND THE HEALTH STATUS OF NEVADA'S POPULATION.

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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 $2,345,779

Program Service Revenue $2,772,919

Investment Income $427,755

Other Revenue $0

TOTAL REVENUE $5,546,453

Expense Breakdown

Grants Paid $88,508

Salaries & Benefits $1,745,694

Fundraising Expenses $0

Other Expenses $2,766,896

TOTAL EXPENSES $4,601,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,546,453	$5,650,093	0.0%
Expenses	$4,601,098	$4,823,742	0.0%
Net Income	$945,355	$826,351	+0.1%

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

$718,130

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK D KELLY	PRESIDENT/CE	39.00	Officer	$523,830	$55,153	$578,983
CHRISTOPHER LAKE	ED OF COMMUN	40.00	Highest	$222,268	$34,395	$256,663
MARISSA BROWN	DIR WORKFORC	40.00	Highest	$123,648	$18,839	$142,487
ERIN LYNCH	DIR OF FINAN	39.00	Officer	$125,406	$13,741	$139,147
JEANNE GEROW	MGR COMM & E	40.00	Highest	$119,839	$13,993	$133,832
HELEN LIDHOLM	CHAIR	1.00	Officer Director	$0	$0	$0
ALEXIS MUSSI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TOM MAHER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS BOSSE	TREASURER	1.00	Officer Director	$0	$0	$0
JASON BLEAK	DIRECTOR	1.00	Director	$0	$0	$0
KELLY ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS NICHOLAS	DIRECTOR	1.00	Director	$0	$0	$0
ROB FREYMULLER	DIRECTOR	1.00	Director	$0	$0	$0
FRED ASHWORTH	DIRECTOR	1.00	Director	$0	$0	$0
MASON VANHOUWELING	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDE WISE	DIRECTOR	1.00	Director	$0	$0	$0
TIJ VON NIEDA	DIRECTOR	1.00	Director	$0	$0	$0
JON VAN BOENING	DIRECTOR	1.00	Director	$0	$0	$0
TODD SKLAMBERG	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON ZEDNICEK	DIRECTOR THR	1.00	Director	$0	$0	$0
DERRICK GLUM	DIRECTOR	1.00	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$5,546,453	$4,601,098	$22,976,872	$945,355
2023	$5,650,093	$4,823,742	$23,489,759	$826,351
2022	$5,181,429	$4,682,396	$24,073,773	$499,033
2021	$4,138,175	$4,505,085	$25,242,085	$-366,910
2020	$5,246,115	$4,824,828	$25,389,606	$421,287
2019	$3,875,266	$3,827,183	$25,758,828	$48,083
2018	$3,782,980	$3,676,180	$26,412,620	$106,800