FRENCH HOSPITAL MEDICAL CENTER FOU… - Form 990 Financial Data

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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

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

FRENCH HOSPITAL MEDICAL CENTER FOUNDATION EXISTS TO SUPPORT THE VALUES OF DIGNITY COMMUNITY CARE, DBA FRENCH HOSPITAL MEDICAL CENTER. THE FOUNDATION IS RESPONSIBLE FOR THE RECEIPT, MAINTENANCE, AND TRANSFER OF MONEY AND PROPERTY FOR THE BENEFIT OF THE HOSPITAL. FOUNDATION SUPPORT ALLOWS THE HOSPITAL TO FURTHER ITS MISSION WORLD BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $3,719,871

THE FOUNDATION IS AN IRC SEC 509(A)(3) TYPE I SUPPORTING ORGANIZATION TO DIGNITY COMMUNITY CARE, DBA FRENCH HOSPITAL MEDICAL CENTER (HOSPITAL). AS A SUPPORTING ORGANIZATION, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF THE HOSPITAL WHICH INCLUDE MAKING PAYMENTS DIRECTLY TO THE BENEFICIARY ORGANIZATION.

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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 $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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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

$1,962,302

Total Directors

$1,439,035

Key Employees

Highest Compensated

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

FRENCH HOSPITAL MEDICAL CENTER FOUNDATION