BOONE HOSPITAL FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

MONICA COLLINS

Phone

5738152800

Tax Period

2023-01-01 to 2023-12-31

BOONE HOSPITAL FOUNDATION, founded in 2001, is a small nonprofit in the Health Care sector that reported $822K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $298K, a strong 36% operating margin.

Mission

TO SEEK FINANCIAL RESOURCES TO SUPPORT EFFORTS OF BOONE HOSPITAL CENTER IN ITS MISSION TO IMPROVE THE HEALTH AND WELLNESS OF CURRENT AND FUTURE GENERATIONS IN THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $110,993

CAREGIVER EDUCATION: THIS PROGRAM PROVIDES SCHOLARSHIPS FOR ADVANCED TRAINING/EDUCATION AND CRITICAL CARE CONFERENCES ALLOWING STAFF TO PROVIDE THE HIGHEST LEVEL OF CARE.

Program 2

Expenses: $88,461

CURRENT NEED AND FRIENDS OF THE FOUNDATION: THE CURRENT NEED AND FRIENDS OF THE FOUNDATION UNRESTRICTED FUNDS SUPPORT ENHANCEMENTS AND EXPANSIONS TO A VARIETY OF PROGRAMS AND SERVICES OF THE HOSPITAL TO HELP IMPROVE PATIENT CARE AND COMMUNITY WELLNESS. BELOW ARE PROGRAMS AND SERVICES SUPPORTED FROM THESE FUNDS IN 2021: - CONTINUOUS AMBIENT RELAXATION ENVIRONMENT (CARE CHANNEL): THIS CHANNEL IS HELPFUL IN REDUCING PAIN, STRESS, RESTLESSNESS, ANXIETY AND FEAR IN PATIENTS. IT PROVIDES BEAUTIFUL MUSIC AND IMAGES AND SUPPORTS THE PATIENTS CIRCADIAN RHYTHM WITH SUNRISE IMAGES IN THE MORNING AND SUNSET IN THE EVENING AND STARS AT NIGHT. THIS IS AVAILABLE ON EVERY TV IN THE FACILITY.- MEDICAL HEART AND LUNG PILLOWS: THESE PILLOWS ARE GIVEN TO POST SURGERY PATIENTS FOR SUPPORT WHILE DEEP BREATHING, COUGHING, TURNING OR CHANGING POSITIONS WHEN ACTIVITY IS RESUMED AFTER SURGERY. THEY PROVIDE HELP TO ACCELERATE HEALING AND AID IN PAIN MANAGEMENT, RELAXATION AND SLEEP.

Program 3

Expenses: $25,803

TO SEEK FINANCIAL RESOURCES TO SUPPORT EFFORTS OF BOONE HOSPITAL CENTER IN ITS MISSION, WHICH IS TO IMPROVE THE HEALTH AND WELLNESS OF CURRENT AND FUTURE GENERATIONS IN THE COMMUNITIES WE SERVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $375,654

Program Service Revenue $0

Investment Income $418,427

Other Revenue $28,186

TOTAL REVENUE $822,267

Expense Breakdown

Grants Paid $67,379

Salaries & Benefits $190,372

Fundraising Expenses $0

Program Expenses $226,375

Other Expenses $266,403

TOTAL EXPENSES $524,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$822,267	$954,021	-0.1%
Expenses	$524,154	$512,559	+0.0%
Net Income	$298,113	$441,462	-0.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$129,970

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN BECKETT	HOSPITAL BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
BECKY WILLARD	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY SWINDLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DREW WILKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSS FERNANDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ARLENE HEINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOLENE SCHULZ	BOARD MEMBER	1.00	Director	$0	$0	$0
GENIE ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANNE LYNCH	BOARD MEMBER	1.00	Director	$0	$0	$0
BETSY VICENTE	PRESIDENT	1.00	Officer	$0	$0	$0
JIM ROLLER	VICE PRESIDENT	0.50	Officer	$0	$0	$0
PAUL MEHRLE	TREASURER	0.50	Officer	$0	$0	$0
SARA JEFFREY	SECRETARY	0.50	Officer	$0	$0	$0
MONICA COLLINS	CURRENT EXECUTIVE DIRECTOR	40.00	Officer	$34,660	$9,843	$44,503
BARBARA DANUSER	PAST EXECUTIVE DIRECTOR	1.00	Officer	$69,944	$15,523	$85,467

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$822,267	$524,154	$18,130,043	$298,113
2022	$954,021	$512,559	$15,901,443	$441,462
2021	$2,887,118	$496,895	$17,832,211	$2,390,223
2020	$833,614	$329,625	$16,054,376	$503,989
2019	$912,619	$507,061	$14,237,937	$405,558
2018	$1,448,568	$478,693	$11,930,062	$969,875