Sheridan Memorial Hospital Association
Nonprofit profile at a glance
- EIN
- 810243720
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Plentywood, MT, USA
- Phone
- 4067653700
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $24,035,723
- Expenses
- $22,483,901
- Assets
- $15,362,567
- Liabilities
- $5,019,743
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- KODY NELSON (CEO)
Highest reported compensation
- SIVASH SHAHBODAGHI (PHYSCIAN): $803,891 total reported compensation
- STEPHANIE KANNING (RN): $316,620 total reported compensation
- BRIT NYBY (APP): $230,110 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing quality care to improve the health and well-being of the people and community we serve, regardless of their ability to pay.
What it reported doing in 2024
Sheridan memorial hospital association operates a 19-bed critical access hospital, a 35-bed long-term care facility, and a rural health clinic that benefit the people in the surrounding area. Smha is the only medical facility in sheridan county, which has a population of approximately 3,500 residents. Highlights of the organization's accomplishments during fy25 are included below: - smha increased its capacity to patients in the rhc by 4% in fy25. This was accomplished by instituting productivity requirements for providers, hiring qualified and hard-working providers and updating patient workflows. - smha continued to update its diagnostic capabilities, allowing for improved identification of ailments and health issues. This in-turn has allowed smha to have patients seen at the correct level of care for their needs and helped smha providers treat patients locally rather than having to refer or transfer to a higher level of care. This is evident in the increase in patients seen in our clinic and utilization of our ancillary services.volume indicators for the fiscal year are as follows: acute care inpatient admissions - 108ed visits - 1,026swing bed patients - 51long-term care admissions - 15home care visits - 2,963hospice - 233clinic visits - 10,820
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.5%; rating input score 77
- Program expense ratio: 83%; rating input score 83
- Fundraising efficiency: $0.13 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.5%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.68; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 7.2%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 4% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 77.5% of revenue deployed · 83% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $18.7M in reported program spending
- Leadership: top reported pay $804K · 13 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.4M reported
- Consistency: 29 of 29 current checks pass
- Schedules: 7 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: 5 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 1/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- Review — Sustainability: Operating margin scored 58/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.