MORNINGCREST HEALTHCARE 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

2005

Legal Domicile

Principal Officer

GREG FOLAND

Phone

9183920750

Tax Period

2024-01-01 to 2024-12-31

MORNINGCREST HEALTHCARE FOUNDATION, founded in 2005, is a community nonprofit in the Health Care sector that reported $7.3M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $6.8M left a modest 7% surplus.

Mission

TO SUPPORT CONTINUOUS IMPROVEMENT OF THE HEALTH STATUS OF RESIDENTS OF THE TULSA, OKLAHOMA METROPOLITAN STATISTICAL AREA WITH PRIMARY FOCUS ON INDIGENT HEALTHCARE AND WOMEN'S AND CHILDREN'S HEALTH SERVICES.

Program Service Accomplishments

Program 1

Expenses: $1,000,000

A $1,000,000 GRANT WAS MADE TO COUNSELING & RECOVERY SERVICES OF OKLAHOMA FOR A CAPITAL CAMPAIGN TO RENOVATE A NEW HEADQUARTER BUILDING. THE ORGANIZATION IS A LEADER IN BEHAVIORAL HEALTH AND...

A $1,000,000 GRANT WAS MADE TO COUNSELING & RECOVERY SERVICES OF OKLAHOMA FOR A CAPITAL CAMPAIGN TO RENOVATE A NEW HEADQUARTER BUILDING. THE ORGANIZATION IS A LEADER IN BEHAVIORAL HEALTH AND SUBSTANCE USE SERVICES FOR THE COMMUNITY. THIS CAMPAIGN ALLOWS FOR INCREASED CAPACITY WHILE CONTINUING TO SERVE 8,000 LOW-INCOME ADULTS, CHILDREN, AND FAMILIES FROM TULSA AND THE SURROUNDING AREA.

Program 2

Expenses: $600,000

A $600,000 GRANT WAS MADE TO HUNGER FREE OKLAHOMA, INC.. $300,000 WAS FOR OPERATIONAL FUNDING AND $300,000 WAS TO ASSIST IN FUNDING A NEW STAFF POSITION FOCUSED ON "FOOD AS MEDICINE" WORK. THE...

A $600,000 GRANT WAS MADE TO HUNGER FREE OKLAHOMA, INC.. $300,000 WAS FOR OPERATIONAL FUNDING AND $300,000 WAS TO ASSIST IN FUNDING A NEW STAFF POSITION FOCUSED ON "FOOD AS MEDICINE" WORK. THE ORGANIZATION'S MISSION IS TO IMPROVE THE LIVES OF TULSANS AND OKLAHOMANS STATEWIDE BY DECREASING FOOD INSECURITY WHILE IMPROVING THE HEALTH OUTCOMES OF THE MOST VULNERABLE POPULATIONS.

Program 3

Expenses: $500,000

A $500,000 GRANT WAS MADE TO FAMILY SAFETY CENTER, INC. IN SUPPORT OF A $27,000,000 CAPITAL CAMPAIGN TO BUILD A NEW 65,000 SQ. FT. FACILITY. FAMILY SAFETY CENTER HOSTS MORE THAN 30,000 PEOPLE EACH...

A $500,000 GRANT WAS MADE TO FAMILY SAFETY CENTER, INC. IN SUPPORT OF A $27,000,000 CAPITAL CAMPAIGN TO BUILD A NEW 65,000 SQ. FT. FACILITY. FAMILY SAFETY CENTER HOSTS MORE THAN 30,000 PEOPLE EACH YEAR WHO ARE DEALING WITH THE EFFECTS OF PARTNER AND FAMILY VIOLENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,727

Program Service Revenue $0

Investment Income $7,141,595

Other Revenue $157,804

TOTAL REVENUE $7,307,126

Expense Breakdown

Grants Paid $5,781,065

Salaries & Benefits $314,446

Fundraising Expenses $0

Program Expenses $5,841,242

Other Expenses $700,226

TOTAL EXPENSES $6,795,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,307,126	$4,197,010	+0.7%
Expenses	$6,795,737	$3,925,112	+0.7%
Net Income	$511,389	$271,898	+0.9%

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

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

$223,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSANNAH H ADELSON	DIRECTOR	0.40	Director	$0	$0	$0
MICHAEL E BARTLETT	DIRECTOR	0.60	Director	$0	$0	$0
LISA Z CLARK	SECRETARY	0.40	Officer Director	$0	$0	$0
DAVID L CLEVELAND	DIRECTOR	0.60	Director	$0	$0	$0
SYEACHIA N DENNIS MD	DIRECTOR	0.40	Director	$0	$0	$0
MICHELLE ESCALA MD	DIRECTOR	0.40	Director	$0	$0	$0
ROGER V HAGLUND MD	DIRECTOR	0.60	Director	$0	$0	$0
ELIZABETH K HALL	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERESA HARDESTY DO	DIRECTOR	0.40	Director	$0	$0	$0
WH HELMERICH IV	DIRECTOR	0.60	Director	$0	$0	$0
MICHAEL P LAPOLLA	DIRECTOR	0.40	Director	$0	$0	$0
DAWN M MOODY	DIRECTOR	0.40	Director	$0	$0	$0
MARC S MILSTEN MD	DIRECTOR	0.60	Director	$0	$0	$0
SARAH-ANNE SCHUMANN MD	VICE-PRESIDENT	0.40	Officer Director	$0	$0	$0
AARON J SPOON	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY C FOLAND	TREASURER	40.00	Officer	$181,121	$42,509	$223,630

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	$7,307,126	$6,795,737	$107,855,733	$511,389
2023	$4,197,010	$3,925,112	$103,254,402	$271,898
2022	$5,060,601	$6,168,161	$93,471,407	$-1,107,560
2021	$6,098,812	$6,892,973	$118,675,297	$-794,161
2020	$10,665,989	$4,927,497	$105,895,956	$5,738,492
2019	$4,332,389	$3,451,216	$91,908,657	$881,173
2018	$2,854,725	$4,647,474	$78,468,295	$-1,792,749