Faulkton Area Medical Center
Nonprofit profile at a glance
- EIN
- 363317416
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Faulkton, SD, USA
- Phone
- 6055986262
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $12,952,784
- Expenses
- $12,358,254
- Assets
- $13,154,024
- Liabilities
- $5,959,641
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- HEATHER BODE (CEO)
Highest reported compensation
- SYLVIA ANDERSON (DIRECTOR; PHYSICIAN): $334,836 total reported compensation
- JESSECA KAST (CNP): $216,829 total reported compensation
- HEATHER BODE (CEO): $208,605 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The goal of famc is to provide the appropriate level of health care on the continuum, from clinic and outpatient/outreach care, emergency care, routine inpatient care, skilled swing-bed, and intermediate swing-bed. Famc is dedicated to best serving the medical needs of the community with the resources available to the facility.
What it reported doing in 2025
Faulkton area medical center (famc) operates a 12-bed critical access hospital and rural health clinic in faulkton, South Dakota. In 2025, famc had 134 acute admissions and 58 swingbed admissions, with 355 and 467 patient days, respectively. The famc rural health clinic had 6,445 clinic visits.
Operating model
- Revenue model
- Other-operating. 99% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 74
- Accountability: 78
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.8%; rating input score 79
- Program expense ratio: 82.5%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 71.4%; rating input score 71; 11th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.6%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 1.06; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 13.6%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 2.1% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 3.6% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 20th percentile among comparable filings
Details
- Where the money goes: 78.8% of revenue deployed · 82.5% of spending went to programs
- Governance: 5 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $10.2M in reported program spending
- Leadership: top reported pay $335K · 14 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $217K reported
- Consistency: 35 of 35 current checks pass
- Schedules: 10 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 43/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.