Nehalem Bay Health Center & Pharmacy

EIN: 931191794 501(c)(3) Health Care

Wheeler, OR

Total Revenue
$2,047,301
Total Expenses
$1,968,095
Total Assets
$2,005,181
Net Assets
$665,261
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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
1995
Legal Domicile
OR
Principal Officer
Gail Nelson
Phone
8003685182
Tax Period
2025-01-01 to 2025-04-30

Nehalem Bay Health Center & Pharmacy, founded in 1995, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $2.0M left a modest 4% surplus.

Mission

Delivering compassionate team-based health care and wellness education to improve the lives of ALL in our community.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,019,819
Program Service Revenue $1,020,095
Investment Income $7,387
Other Revenue $0
TOTAL REVENUE $2,047,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,156,371
Fundraising Expenses $0
Program Expenses $1,535,915
Other Expenses $811,724
TOTAL EXPENSES $1,968,095

Year-over-Year Comparison

2024 2023 Change
Revenue $2,047,301 $5,482,858 -0.6%
Expenses $1,968,095 $5,644,656 -0.7%
Net Income $79,206 $-161,798 -1.5%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
12

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
6
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerry Spegman President 1.50
Officer Director
$0 $0 $0
Patricia Johnson Vice President 1.50
Officer Director
$0 $0 $0
Keri Scott Secretary 1.50
Officer Director
$0 $0 $0
David Fowler Treasurer 1.50
Officer Director
$0 $0 $0
Bruce Burton Board Member 1.50
Director
$0 $0 $0
Paul Erlebach Board Member 1.50
Director
$0 $0 $0
Scott Galvin Board Member 1.50
Director
$0 $0 $0
Brad Hart Board Member 1.50
Director
$0 $0 $0
Yvana Iovino Board Member 1.50
Director
$0 $0 $0
Paul Jarrell Board Member 1.50
Director
$0 $0 $0
Kelly Seaton Board Member 1.50
Director
$0 $0 $0
Gail Nelson CEO 40.00
Officer
$0 $0 $0
Carl Rasmussen CFO 40.00
Officer
$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 $2,047,301 $1,968,095 $2,005,181 $79,206
2024 No data No data No data No data
2023 $5,433,195 $5,306,719 $1,359,127 $126,476
2022 $5,286,936 $5,697,133 $1,215,209 $-410,197
2021 $3,702,368 $3,519,765 $1,587,798 $182,603
2021 $4,547,029 $4,386,017 $1,460,012 $161,012
2020 $3,342,724 $3,188,179 $1,237,499 $154,545
2019 $2,762,198 $2,940,998 $970,252 $-178,800
2018 $2,635,944 $3,117,309 $1,044,311 $-481,365
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