Mountrail County Medical Center
Stanley, Mountrail County, ND
· CCN 351301
Licensed to Mountrail County Medical Center Inc
Composite
37.0
rank score
Distress
52
FY2024
Fit
34
vs thesis
Estimated ticket
$795K–$1.6M
11 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- 60-90 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $13.7M |
| Operating margin | -22.8% |
| Total margin | 3.4% |
| Days cash on hand | 77 |
| Current ratio | 3.12 |
| Occupancy | 10% |
Facility
| Beds | 11 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 11 | $10.9M | $4.8M | -15.7% | 27.5% | 189 | 5.17 | 17% | 29 | 37 |
| 2022 | 11 | $11.7M | $1.5M | -13.3% | 9.9% | 185 | 6.04 | 12% | 49 | 37 |
| 2023 | 11 | $13.3M | $936K | -12.2% | 5.9% | 110 | 4.11 | 17% | 50 | 41 |
| 2024 | 11 | $13.7M | $591K | -22.8% | 3.4% | 77 | 3.12 | 10% | 51 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mountrail Bethel Home Inc | 5% or greater direct ownership interest | 50 | 2002-06 | |
| Brittany Haugtvedt | w-2 managing employee | 2022-01 | ||
| Elliot Leinen | corporate director | 2025-01 | ||
| Eugeniya Griffin | corporate director | 2023-10 | ||
| Eugeniya Griffin | w-2 managing employee | 2023-05 | ||
| Gregory Toepfer | corporate director | 2026-02 | ||
| Jacob Carpenter | corporate officer | 2025-12 | ||
| Jacob Carpenter | corporate director | 2025-12 | ||
| Jamie Germundson | corporate director | 2024-11 | ||
| Michael Sorenson | corporate officer | 2024-01 | ||
| Michael Sorenson | corporate director | 1972-10 | ||
| Ryan Gjellstad | corporate officer | 2022-12 | ||
| Ryan Gjellstad | corporate director | 2022-12 | ||
| Stephanie Everett | corporate officer | 2020-01 | ||
| Stephanie Everett | w-2 managing employee | 2013-09 | ||
| Trinity Health | 5% or greater direct ownership interest | 2002-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.