Velarion Records

Critical access hospital · Cambridge, Nebraska · 20 beds · CMS certification number 281348

Tri Valley Health System

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 30, 2025, settled, stamped by CMS September 14, 2026. 24 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$27.3M
$27,327,538 · G-3 line 3
Operating expenses
$27.6M
$27,639,124 · G-3 line 4
Result from patient care
−$312K
−$311,586 · G-3 line 5
Margin on patient care
−1.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $8.2M in its first year on file (2002) to $27.3M in 2025.
  • Its result from patient care: −$2.5M (2023), −$2.4M (2024), −$312K (2025).
  • 3 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.

Every statement is drawn from figures on this page; nothing is estimated.

24 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2002
settled
$8.2M
$9.4M
2003
as submitted
$9.3M
$11.6M
2004
settled
$9.3M
$9.8M
2005
reopened
$9.5M
$9.7M
2006
reopened
$9.6M
$9.9M
2007
reopened
$9.9M
$10.6M
2008
settled
$11.6M
$11.7M
2009
settled
$11.6M
$13.0M
2010
reopened
$13.6M
$13.6M
2011
settled
$14.9M
$16.7M
2012
settled
$17.0M
$19.0M
2013
settled
$19.4M
$20.1M
2014
reopened
$18.7M
$20.0M
2015
reopened
$20.2M
$21.7M
2016
settled
$19.2M
$21.7M
2017
settled with audit
$18.2M
$21.3M
2018
settled
$18.5M
$21.4M
2019
settled with audit
$19.6M
$23.3M
2020
settled
$19.2M
$22.8M
2021
settled
$20.6M
$23.3M
2022
settled
$24.2M
$25.2M
2023
settled
$23.8M
$26.3M
2024
settled
$24.6M
$27.0M
2025
settled
$27.3M
$27.6M

Beside its peers

Critical access hospitals in Nebraska with under 25 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Tri Valley Health System20$27,327,538$27,639,124−1.1%
Cozad Community Hospital, Cozad20$24,876,397$27,887,759−12.1%
Fillmore County Hospital, Geneva20$32,785,006$32,994,128−0.6%
Morrill County Community Hospital, Bridgeport20$31,463,956$32,101,395−2.0%
Pender Community Health, Pender21$40,681,397$39,243,6333.5%
Providence Medical Center, Wayne21$35,684,539$34,112,4614.4%

Patients and payers

Discharges
161
S-3 line 14, col 15
Inpatient days
1,205
S-3 line 14, col 8
Beds in use, on an average day
3.3
days ÷ days in year
Occupancy
16.5%
days ÷ bed days
Medicare share of days
79.6%
S-3 cols 6 ÷ 8

Who owns it

Type of control on its cost report: voluntary nonprofit, other.

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by Cambridge Memorial Hospital Inc (employer identification number 476028103) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$2,560,492IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$8,000IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$573,449IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$581,449IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$1,979,043IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0973IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202440519349300504. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by Cambridge Memorial Hospital Inc (employer identification number 476028103) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
Dale FohnholzTrusteeTrustee/director$0$0$0
Derek DownerTrustee as of Nov 2022Trustee/director$0$0$0
Diana SwindlerCFOOfficer$120,206$0$16,185
Drew CramerSecretary until Oct 2022Trustee/director$0$0$0
Ginger tenBenselTrustee until Oct 2022Trustee/director$0$0$0
Holly Lashment CRNAAnesthetistHighest-compensated employee$317,700$0$22,317
James JonesVice PresidentTrustee/director, Officer$0$0$0
James McGowenSecretary as of Nov 2022Trustee/director, Officer$0$0$0
Jessica FisherCEOOfficer$235,288$0$23,602
John PaulsenTreasurerTrustee/director, Officer$0$0$0
LaVern BanzhafPresidentTrustee/director, Officer$0$0$0
Lennie Deaver MDFamily Practice/ObstetricsHighest-compensated employee$386,587$0$12,168
Logan BakerTrusteeTrustee/director$0$0$0
Marcus VontzTrustee as of Nov 2022Trustee/director$0$0$0
Michael Powell MDFamily PracticeHighest-compensated employee$179,048$0$20,465
Nanette WitteTrusteeTrustee/director$0$0$0
Rachelle Kaspar-Cope MDFamily Practice/ObstetricsHighest-compensated employee$394,463$0$39,747
Shiuvaun Jaeger MDFamily Practice/ObstetricsHighest-compensated employee$377,648$0$40,158

E-file object id 202440519349300504. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 281348. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read September 14, 2026.