F F THOMPSON HOSPITAL FOUNDATION I… - 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

1988

Legal Domicile

Principal Officer

Michael F Stapleton Jr

Phone

5853966000

Tax Period

2023-01-01 to 2023-12-31

F F THOMPSON HOSPITAL FOUNDATION INC, founded in 1988, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 146% from the prior year, signaling strong growth momentum. Expenses of $6.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

F.F. Thompson Foundation, Inc., a not-for-profit corporation, is committed to achieving philanthropic support for the services and priority needs of the F F Thompson Health System and its affiliated tax-exempt corporations and to overseeing the management of restricted and unrestricted funds of the Foundation.

Program Service Accomplishments

Program 1

Expenses: $20,977 Revenue: $0

The Foundation awarded Community Health Grants to local organizations in 2023. The applicants must meet the following criteria: benefit health status of the community, planned goal with time frame...

The Foundation awarded Community Health Grants to local organizations in 2023. The applicants must meet the following criteria: benefit health status of the community, planned goal with time frame, and commitment to community partnering. (15 grants awarded)

Program 2

Expenses: $6,356,333 Revenue: $0

The Foundation operates to provide funds for the benefit of the FF Thompson Health System, FF Thompson Hospital (Hospital), Senior Communities, and MM Ewing Continuing Care Center (Continuing Care...

The Foundation operates to provide funds for the benefit of the FF Thompson Health System, FF Thompson Hospital (Hospital), Senior Communities, and MM Ewing Continuing Care Center (Continuing Care Center). The Foundation solicits, accepts, holds, invests, and administers funds and uses the income and principal thereof for the foregoing purposes.

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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 $4,955,235

Program Service Revenue $0

Investment Income $471,754

Other Revenue $9,654

TOTAL REVENUE $5,436,643

Expense Breakdown

Grants Paid $6,025,330

Salaries & Benefits $224,529

Fundraising Expenses $0

Program Expenses $6,377,310

Other Expenses $386,694

TOTAL EXPENSES $6,636,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,436,643	$2,212,346	+1.5%
Expenses	$6,636,553	$2,012,122	+2.3%
Net Income	$-1,199,910	$200,224	-7.0%

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

$1,491,051

Total Directors

$1,848,318

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael F Stapleton Jr	President/CEO	1	Officer Director	$0	$131,450	$960,515
Mark F Prunoske	Sr VP Finance/CFO	1	Officer Director	$0	$82,699	$530,536
Michael Fahy	Board Member	0.5	Director	$0	$52,415	$267,185
Susan Fulmer MD	Board Member	0.5	Director	$0	$220	$90,082
Krista Jackson	Chair	0.5	Officer Director	$0	$0	$0
Gregory Felosky	Vice Chair	0.5	Officer Director	$0	$0	$0
Wade A Sarkis	Treasurer	0.5	Officer Director	$0	$0	$0
Lauren M Dixon	Secretary	0.5	Officer Director	$0	$0	$0
Dawn Borgeest	Board Member	0.5	Director	$0	$0	$0
Colleen Emblidge	Board Member	0.5	Director	$0	$0	$0
Gerrett Geartz	Board Member	0.5	Director	$0	$0	$0
Amanda Gigliotti	Board member	0.5	Director	$0	$0	$0
Lewis J Gould	Board Member	0.5	Director	$0	$0	$0
Paul H Griswold	Board Member	0.5	Director	$0	$0	$0
Phil Muscato	Board Member	0.5	Director	$0	$0	$0
Wanda Polisseni	Board Member	0.5	Director	$0	$0	$0
Lauren Sands	Board Member	0.5	Director	$0	$0	$0
Jeffrey P Siewert	Board Member	0.5	Director	$0	$0	$0
David Sorce	Board Member	0.5	Director	$0	$0	$0
Jody Stolt	Board Member	0.5	Director	$0	$0	$0
William Wheeler	Board Member	0.5	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	$5,436,643	$6,636,553	$18,000,183	$-1,199,910
2022	$2,212,346	$2,012,122	$18,865,914	$200,224
2021	$4,493,309	$4,238,331	$20,090,616	$254,978
2020	$2,802,766	$2,981,887	$18,375,666	$-179,121
2019	$4,388,446	$5,923,182	$16,786,227	$-1,534,736
2018	$4,486,758	$1,588,425	$17,681,716	$2,898,333

F F THOMPSON HOSPITAL FOUNDATION INC