Hendricks Community Hospital Association
Nonprofit profile at a glance
- EIN
- 410307617
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Hendricks, MN, USA
- Phone
- 5072753134
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nursing, Convalescent Facilities
Reported finances
- Revenue
- $18,481,871
- Expenses
- $17,944,967
- Assets
- $29,877,804
- Liabilities
- $4,910,690
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Allen Molascon (President)
- Mark VanEck (Vice President)
- Jeff Gollaher (CEO (thru 11/24))
- Travis Olsen CFO thru (11/24) / CEO (From 11/24))
Highest reported compensation
- Tabb McCluskey DO (Physician): $358,369 total reported compensation
- Grant Eyjolfson MD (Physician): $352,229 total reported compensation
- Brenda Bullerman (Physician Assistant): $205,142 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hendricks Community Hospital Assn & Retirement Home strives to provide the highest quality health and residential care in a Christian environment.
What it reported doing in 2024
Hendricks Community Hospital, a 24-bed hospital, 48-bed long-term care facility, 16-unit assisted living facility, and home health agency promotes health of the community by providing a variety of health care services. The facility had 68 acute, 45 swing bed, 8 transitional bed and 36 long-term care facility admissions for the year ended June 30, 2025; 524 visits to the Emergency Room; and 146 surgical cases (including ambulatory).Continued on Schedule OThe hospital provides care to patients who meet certain criteria under its charity care policy without charge or at amounts less than established rates. Because the hospital does not pursue collection of amounts determined to qualify as charity care, they are not reported as patient and resident service revenue. The amount of charges foregone for services provided under the Hospital's charity care policy were approximately $39,000 for the year ended June 30, 2025. The estimated cost of providing these services was $29,000 for the year ended June 30, 2025 based on average ratio of cost to gross charges.
Operating model
- Revenue model
- Other-operating. 95% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 76
- Accountability: 95
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89%; rating input score 89
- Program expense ratio: 91.3%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- 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: 100%; rating input score 100; 66th 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: 2.9%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 1.66; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 8.7%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 3.2% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 89% of revenue deployed · 91.3% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $16.4M in reported program spending
- Leadership: top reported pay $358K · 16 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.8M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 46/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Officer compensation ratio scored 26/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.