FRENCH HOSPITAL MEDICAL CENTER FOUNDATION

EIN: 203256125 501(c)(3) Health Care

PHOENIX, AZ

Total Revenue
$6,689,063
Total Expenses
$5,073,266
Total Assets
$34,041,130
Net Assets
$31,349,716
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CA
Principal Officer
MATT RICHARDSON
Phone
8055426496
Tax Period
2024-07-01 to 2025-06-30

FRENCH HOSPITAL MEDICAL CENTER FOUNDATION, founded in 2005, is a community nonprofit in the Health Care sector that reported $6.7M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 24% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE AND SUPPORT SERVICES FOR DIGNITY COMMUNITY CARE (DBA: FRENCH HOSPITAL MEDICAL CENTER).

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,719,789
Program Service Revenue $0
Investment Income $1,004,490
Other Revenue $-35,216
TOTAL REVENUE $6,689,063

Expense Breakdown

Grants Paid $3,719,871
Salaries & Benefits $0
Fundraising Expenses $580,133
Program Expenses $3,719,871
Other Expenses $1,328,395
TOTAL EXPENSES $5,073,266

Year-over-Year Comparison

2024 2023 Change
Revenue $6,689,063 $6,600,610 +0.0%
Expenses $5,073,266 $2,606,825 +0.9%
Net Income $1,615,797 $3,993,785 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
18
Employees
N/A
Volunteers
47

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
6
$1,962,302
Total Directors
21
$1,439,035
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY BUSSANI FORMER OFFICER (EVP, CPO) 1.00
$0 $217,533 $1,583,128
SUE ANDERSEN EX-OFFICIO BOARD MEMBER/ CEO 6.00
Officer Director
$0 $125,536 $1,172,293
PATRICK CASTER FORMER OFFICER (PRESIDENT) 6.00
$0 $65,061 $795,908
MATTHEW D RICHARDSON EX-OFF BOARD MEMBER/ DIVISION CFO 1.00
Officer
$0 $67,444 $545,267
DEBBIE WETTLAUFER FORMER OFFICER (CFO) 0.00
$0 $29,647 $373,838
TESSA ESPINOZA EX-OFF BOARD MEMBER/CHIEF PHILANTHROPY OFFICER 50.00
Officer Director
$0 $716 $244,742
AARON KROMHOUT MD EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $22,000
CAROLYN HERZOG VICE-CHAIR 1.00
Officer Director
$0 $0 $0
BROOKS WISE SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
KRISTEN YETTER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL COTTON BOARD MEMBER 1.00
Director
$0 $0 $0
DAN CULHANE MD BOARD MEMBER 1.00
Director
$0 $0 $0
SANDY DUNN BOARD MEMBER 1.00
Director
$0 $0 $0
TERRANCE HARRIS EX-OFF BOARD MEMBER (THRU 6/30/25) 1.00
Director
$0 $0 $0
CATHERINE JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS LEBENS BOARD MEMBER (THRU 6/30/25) 1.00
Director
$0 $0 $0
LORLIE LEETHAM BOARD MEMBER 1.00
Director
$0 $0 $0
RUSSELL LEVANWAY BOARD MEMBER 1.00
Director
$0 $0 $0
BEYA MAKEKAU EDD BOARD MEMBER 1.00
Director
$0 $0 $0
ANGELA OBERHELMAN BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE RONCA MATTHEWS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER RUSSO BOARD MEMBER 1.00
Director
$0 $0 $0
TY SAFRENO BOARD MEMBER 1.00
Director
$0 $0 $0
DEBBIE WACKER EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINE WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
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
2025 $6,689,063 $5,073,266 $34,041,130 $1,615,797
2024 $6,600,610 $2,606,825 $29,861,705 $3,993,785
2023 $4,669,070 $4,675,963 $26,197,148 $-6,893
2022 $6,863,163 $4,614,856 $28,401,813 $2,248,307
2021 $6,177,143 $3,878,437 $26,996,652 $2,298,706
2020 $6,255,448 $4,846,344 $24,710,210 $1,409,104
2019 $7,519,024 $3,566,328 $22,383,317 $3,952,696
2018 $3,700,183 $2,859,182 $18,081,428 $841,001
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