Swedish Covenant Hospital Foundation (EIN 205055155) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Phone

7738788200

Tax Period

2023-01-01 to 2023-12-31

Swedish Covenant Hospital Foundation, founded in 2006, is a community nonprofit in the Health Care sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 81% operating margin.

Mission

Swedish Covenant Hospital Foundation follows the mission of Endeavor Health to "help everyone in our communities be their best."

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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 $1,425,100

Program Service Revenue $0

Investment Income $2,374,708

Other Revenue $-184,267

TOTAL REVENUE $3,615,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $442,066

Fundraising Expenses $245,315

Program Expenses $147,188

Other Expenses $255,757

TOTAL EXPENSES $697,823

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,615,541	$2,946,653	+0.2%
Expenses	$697,823	$718,264	0.0%
Net Income	$2,917,718	$2,228,389	+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

$10,942,561

Total Directors

$3,960,927

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	President (until 8/30/23), CEO (until 12/31/23)	1.0	Officer Director	$0	$106,239	$1,370,805
N/A	Chairman	1.0	Officer Director	$0	$0	$0
N/A	President of SCH	1.0	Officer Director	$0	$49,114	$723,074
N/A	Assistant Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Secretary (until May 2023)	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$55,315	$876,352
N/A	Director (until Jan 2023)	1.0	Director	$0	$8,032	$186,529
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$1,368	$31,757
N/A	Director	1.0	Director	$0	$26,993	$772,410
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Chief Financial Officer and Treasurer	1.0	Officer	$0	$284,165	$2,034,913
N/A	System President and CEO	1.0	Officer	$0	$2,182,996	$6,283,528
N/A	Asst Secretary/Treasurer and Executive Director	40.0	Officer	$0	$23,311	$286,317
N/A	Treasurer (left during 2023)	1.0	Officer	$0	$13,910	$243,924

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	$3,615,541	$697,823	$64,032,859	$2,917,718
2022	$2,946,653	$718,264	$58,718,482	$2,228,389
2021	$5,170,510	$1,287,753	$68,747,421	$3,882,757
2021	$2,177,796	$225,799	$67,800,582	$1,951,997
2020	$22,932,684	$697,564	$57,883,158	$22,235,120

Swedish Covenant Hospital Foundation