LUTHERAN MEDICAL CENTER FOUNDATION

EIN: 208846152 501(c)(3) Health Care

WHEAT RIDGE, CO

Total Revenue
$4,011,286
Total Expenses
$2,765,550
Total Assets
$21,848,890
Net Assets
$21,781,794
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CO
Principal Officer
KATHERINE REPOLA
Phone
8018427851
Tax Period
2023-01-01 to 2023-12-31

LUTHERAN MEDICAL CENTER FOUNDATION, founded in 2007, is a community nonprofit in the Health Care sector that reported $4.0M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 31% operating margin.

Mission

BE A MODEL HEALTH SYSTEM BY PROVIDING EXTRAORDINARY CARE AND SUPERIOR SERVICE AT AN AFFORDABLE COST.

Program Service Accomplishments

Program 1
Expenses: $1,881,987

THE LUTHERAN MEDICAL CENTER FOUNDATION IS A 501(C) 3 NOT FOR PROFIT ORGANIZATION THAT CREATES IMPACT TO SUPPORT EXCELLENT PATIENT CARE AND INNOVATIVE NEW IDEAS IN MEDICINE AT LUTHERAN MEDICAL CENTER...

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THE LUTHERAN MEDICAL CENTER FOUNDATION IS A 501(C) 3 NOT FOR PROFIT ORGANIZATION THAT CREATES IMPACT TO SUPPORT EXCELLENT PATIENT CARE AND INNOVATIVE NEW IDEAS IN MEDICINE AT LUTHERAN MEDICAL CENTER. THROUGH THE GENEROSITY OF CORPORATIONS, FOUNDATIONS, INDIVIDUALS AND OTHER DONORS, OUR MISSION TO IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE IN A CHANGING WORLD IS ACHIEVED. LMC FOUNDATION PROVIDES FOR THE CHANGING HEALTHCARE NEEDS OF OUR COMMUNITY BY ASSISTING WITH THE BUILDING OF STATE-OF-ART FACILITIES, DEVELOPING INNOVATIVE CARE MODELS AND MAKING SURE THAT ALL PATIENTS HAVE ACCESS TO WORLD-CLASS CARE AND THE BEST PATIENT EXPERIENCE. LMC FOUNDATION TURNS GOOD HEALTHCARE INTO EXCEPTIONAL HEALTHCARE BY ENABLING LMC'S STAFF TO EXCEED THE EXPECTATIONS OF THE PEOPLE WE SERVE. LMC FOUNDATION WAS ESTABLISHED IN 2007 AND HAS POSITIVELY IMPACTED LUTHERAN MEDICAL CENTER AND ALL ITS AFFILIATED SERVICES INCLUDING LUTHERAN HOSPICE AT COLLIER HOSPICE CENTER AND WEST PINES BEHAVIORAL HEALTH. THE LMC FOUNDATION DISBURSED FUNDS TO LMC TO PURCHASE CRITICAL CARE EQUIPMENT, PROVIDE STAFF WITH EDUCATIONAL AND LEADERSHIP OPPORTUNITIES, PROVIDE COMPASSIONATE END-OF-LIFE CARE, SUPPORT BEHAVIORAL HEALTH NEEDS, AID IN THE BUILDING OF A NEW HOSPITAL AND ENHANCE THE HOSPITAL'S OVERALL BEST CARE OF PATIENTS.ON APRIL 1, 2022, INTERMOUNTAIN HEALTH CARE, INC. AND SISTERS OF CHARITY OF LEAVENWORTH HEALTH SYSTEM, INC. AFFILIATED, CREATING A MODEL HEALTH SYSTEM THAT PROVIDES HIGH-QUALITY, ACCESSIBLE, AND AFFORDABLE HEALTHCARE TO COMMUNITIES IN UTAH, IDAHO, NEVADA, COLORADO, MONTANA, WYOMING, AND KANSAS. THE ORGANIZATION EMPLOYS MORE THAN 66,000 CAREGIVES, OPERATES 33 HOSPITALS (INCLUDING ONE VIRTUAL HOSPITAL), AND RUNS HUNDREDS OF CLINICS, WHILE PROVIDING HEALTH INSURANCE TO OVER ONE MILLION PEOPLE IN UTAH, IDAHO AND NEVADA.AS PART OF INTERMOUNTAIN HEALTHCARE, LUTHERAN MEDICAL CENTER HAS DIRECT ACCESS TO BEST PRACTICES, RESOURCES, TECHNOLOGY, TALENT, AND STRATEGIC CAPITAL. MAJOR INITIATIVES IN 2023 INCLUDED: - THE LEGACY CONTINUES COMPREHENSIVE CAMPAIGN HAS RAISED MORE THAN 100% OF ITS GOAL OF $12M. THE CAMPAIGN SUPPORTS ALL DEPARTMENTS AT LUTHERAN WITH EMPHASIS ON THE NEW, REPLACEMENT LUTHERAN MEDICAL CENTER NEW BUILD. - SUPPORTED PALLIATIVE CARE AND HOSPICE PROGRAMS INCLUDING INTEGRATIVE THERAPIES FOR PATIENTS, EDUCATION FOR CAREGIVERS AND GRIEF SUPPORT FOR FAMILIES. - PROVIDED OPPORTUNITIES TO SUPPORT CLIENTS' ACCESS TO SUBSTANCE ABUSE TREATMENT AT WEST PINES BEHAVIORAL HEALTH. - SUPPORTING THE NURSE RECOVERY ASSISTANCE PROGRAM TO HELP PREGNANT MOTHERS STRUGGLING WITH SUBSTANCE ABUSE AND THEIR BABIES, WITH A SPECIAL FOCUS ON OPIOID ADDICTION. -OFFERED HUMANITARIAN FUNDS FOR OUR MOST VULNERABLE PATIENTS PROVIDING PRESCRIPTIONS, FOOD, TRANSPORTATION AND OTHER BASIC NEEDS. - GAVE SPECIAL EDUCATION OPPORTUNITIES TO OUR PHYSICIANS, CLINICIANS AND ASSOCIATES TO SUPPORT SPECIALIZED CARE AND PATIENT SAFETY. - PURCHASED NEW, STATE-OF-THE-ART EQUIPMENT FOR LUTHERAN HOSPICE AND OTHER HOSPITAL DEPARTMENTS. - SUPPORTED LMC'S ONCOLOGY PROGRAMS INCLUDING TESTING COUNSELING, PATIENT NAVIGATION AND COMFORT THERAPIES FOR ONCOLOGY PATIENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,649,658
Program Service Revenue $0
Investment Income $375,432
Other Revenue $-13,804
TOTAL REVENUE $4,011,286

Expense Breakdown

Grants Paid $1,850,871
Salaries & Benefits $464,040
Fundraising Expenses $221,074
Program Expenses $1,881,987
Other Expenses $450,639
TOTAL EXPENSES $2,765,550

Year-over-Year Comparison

2023 2022 Change
Revenue $4,011,286 $6,803,397 -0.4%
Expenses $2,765,550 $2,223,346 +0.2%
Net Income $1,245,736 $4,580,051 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
10
Employees
N/A
Volunteers
17

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
4
$237,936
Total Directors
14
$2,892,652
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WICKLUND DIRECTOR 1/1-2/28/23 1.00
Director
$0 $24,444 $1,169,816
SCOTT PEEK DIRECTOR 3/1-12/31/23 1.00
Director
$0 $397,369 $1,423,182
KRISTI DAVIS DIRECTOR 1.00
Director
$0 $68,621 $299,654
KATHERINE REPOLA EXECUTIVE DIRECTOR 50.00
Officer
$0 $52,208 $237,936
JEFFREY BONTRAGER MD DIRECTOR 3/15-12/31/23 1.00
Director
$0 $0 $0
JENNIFER CASKEY MD DIRECTOR 1.00
Director
$0 $0 $0
CHRISTA DOBBS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT HUNTER MD DIRECTOR 1.00
Director
$0 $0 $0
DOULGAS MARTEL MD DIRECTOR 1.00
Director
$0 $0 $0
JULIA MCVEY VICE CHAIR & SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN O'DORISIO DIRECTOR 1.00
Director
$0 $0 $0
JAHI SIMBAI DIRECTOR 1/1-8/31/23 1.00
Director
$0 $0 $0
FRANK TEUNISSEN TREASURER 1.00
Officer Director
$0 $0 $0
BOB VAN WETTER CHAIR 1.00
Officer Director
$0 $0 $0
JOHN WITWER MD DIRECTOR 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
2024 No data No data No data No data
2023 $4,011,286 $2,765,550 $21,848,890 $1,245,736
2022 $6,803,397 $2,223,346 $19,172,663 $4,580,051
2021 $3,257,548 $2,297,722 $17,413,547 $959,826
2020 $3,894,461 $2,719,448 $15,085,630 $1,175,013
2019 $2,888,796 $2,739,014 $13,030,764 $149,782
2018 $2,848,763 $3,205,569 $11,279,340 $-356,806
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